Is a Parent the Beneficiary of their Child's Life Insurance?

The primary beneficiary of your child's life insurance coverage is named within the policy document.

The primary beneficiary may or may not be the father, mother, grandparent, or legal guardian.

If the primary beneficiary is deceased, then check the life insurance policy for a named contingent beneficiary.

If there are no named beneficiaries still living, then the proceeds of your child's life insurance policy become part of the policy holder's estate.

Please consult with a qualified attorney to determine guardianship of the child's estate.

Learn more about life insurance coverage for your child

What is Child Life Insurance for?

Child life insurance can provide many benefits not only for you the parent of your child, but for the future of your child, as well.

Life insurance on your child can provide a death benefit that you may use to help pay for your child's final expenses, should your child pass away.

However, there are many more reasons parents choose to purchase child life insurance plans.

Child life insurance coverage can guarantee your child has life insurance protection throughout his or her entire lifetime.

And, your child's life insurance can lock-in a low rate guaranteed for the life of your child.

In addition, children's life insurance plans may grow cash value which your child can use in the future if needed.

Also, your child will have the option of adding more coverage to his or her policy when reaching adulthood, if needed.

With so many children developing health issues, choosing to purchase life insurance for your child at an affordable price can guarantee your child life insurance to protect his/her own family one day.

Here's how to learn more about children's life insurance

Life Insurance without Medical Questions?

Is there a way to buy your life insurance plan without answering any questions about your health?

Yes, there are no health question life insurance policies.

These plans are known as "guaranteed approval" life insurance because they guarantee your acceptance for coverage.

And, there's no health exam required and no health questions asked.

How can they guarantee your approval?

Because, they limit the coverage benefits the first two years you are insured. And, the total amount of life insurance coverage available is usually limited to around $25,000. But, your acceptance is guaranteed is you meet the age requirements.

Some guaranteed issue plans offer coverage for people age 45 to 85.

And, you cannot be turned down due to any health problems.

Here's how to get life insurance without medical questions

Term Life with No Medical Exam

What is term life with no medical exam?

Term life insurance is short term life insurance that provides coverage for a specific number of years.

Usually, a term life policy offers coverage for a "term" of 10, 15, 20, 25 or 30 years. You select your term to meet your own needs - how long you need your life insurance to last.

Term life insurance is the lowest priced life insurance because it is temporary, and does not build up any cash value inside the policy, it is pure life insurance protection.

Term life with no medical exam means you don't have to take any type of health examination, blood or urine test to get your life insurance. And, there's no nicotine test.

You just answer some health questions and the insurance carrier makes the determination on whether or not you qualify for the no exam term life policy.

No exam term life insurance may cost you more than fully underwritten life insurance that does require a medical exam, because the no exam policies may accept some people for coverage who might not otherwise qualify.

You can get a free quote and apply online for your no exam term life policy in about 15 minutes. And, if you qualify, you can start your life insurance today. Keep in mind, there's a money-back guarantee.

Here's how to get your term life with no medical exam

Is It Hard to Get Life Insurance with COPD?

It may be difficult for you to get approved for life insurance if you have COPD.

Since COPD may result in shortening your life expectancy, most life insurers would likely charge more for your coverage, limit the amount of life insurance offered, or decline you depending on your age, health, and prognosis of your condition.

There are high risk life insurance carriers that provide life insurance for people with health issues including COPD.

However, if you are unable to qualify for whole life insurance or term life insurance, there are guaranteed issue life insurance plans for people ages 45 to 85 that provide coverage, and you cannot be turned down due to your health.

Guaranteed issue plans are graded death benefit life insurance which means you have limited death benefits the first two years you are insured. After two years you have full coverage.

Here's how to get life insurance with COPD.

Fidelity Life Hybrid Life Insurance?

What is Fidelity Life Hybrid Life Insurance?

It's a life insurance policy that combines two types of life insurance: Term Life and Accidental Death.

Fidelity Life offers up to $1,000,000 of life insurance with no health exam required.

You can get an instant life insurance quote and apply online for your policy in just minutes.

Most policies are approved within 15 minutes to 48 hours.

With the Hybrid Life plan you get 1/3 term life insurance and 2/3's accidental death. So, if you buy $900,000 of coverage with no exam, you get $300,000 of term life insurance "all cause" coverage, and $600,000 of accidental death insurance that covers death resulting from an accident.

Learn more about Fidelity Life Hybrid Life Insurance

Life Insurance for My Kids

I was considering purchasing life insurance for my kids. But, why is it people choose to buy life insurance on their children - what are the main benefits?

There are several good reasons parents choose to buy life insurance for their children.

Child life insurance plans can provide your kids with the following:

1. Guaranteed death benefit when they are adult and have their own family.
2. Builds cash value inside the policy from which a loan can be taken in the future.
3. Low rates that will remain the same for the life of your child.
4. Option to add additional life insurance when your child reaches adulthood.
5. Your child's life insurance can never be canceled by the insurer due to a change in your child's health.

In addition, many parents choose to buy their kids a life insurance plan so their children build some savings inside the policy, while also having lifetime protection incase the child develops a health issue; such as, diabetes, obesity, or some other health condition which may limit your child's ability to get affordable life insurance as an adult.

Here's how to learn more about life insurance for your kids