Can Term Life Insurance Be Renewed?

Can you renew a term life insurance policy?

Yes, many term life insurance policies are renewable, which means you may renew your term insurance for another term , usually up to 10 years.

However, some term life plans offer renewable coverage that increases your premiums each and every year after your initial rate guarantee period which may be 10, 15, 20 or 30 years.

It may be cheaper to purchase a new term life insurance policy instead of renewing your current plan.

To learn more, read this article - Can Term Life Insurance Be Renewed?

What Length of Coverage for Term Life Insurance Do I Need?

When buying term life insurance one of the most important questions to consider is how long do you need your life insurance coverage to last?

You will find this out by considering what goal you want your life insurance to accomplish, and how long it will take to accomplish you goal.

For instance, do you want to make sure your 20 year home mortgage is paid off in the event if your death?

Or, do you want to make sure your young child can go to college if you pass away unexpectedly?

The answer will help you decide the longest period of time you need life insurance, and better prepare you for selecting the proper duration for your term life insurance to last.

To learn more, read this article: What Length Term Life Insurance Do I Need?

Online Term Life Insurance without Medical Tests?

Which insurance companies offer term life insurance without any medical testing required?

There are several highly-rated life insurers that offer no test term life insurance plans online with up to $1,000,000 of coverage available for qualified applicants.

Some of the leading providers of term insurance without tests include Haven Life, Sagicor Life and Globe Life, among others.

Online term life plans offer you the option of purchasing your life insurance coverage direct online and starting your policy immediately upon approval - with no medical tests needed.

That means you may start protecting your loved ones today without the hassles and delays of a physical exam.

Although the premium may be higher than you would pay for a fully underwritten life insurance policy requiring an exam, you have the peace of mind knowing your family is protected.

Here's how to get online term insurance without medical tests today.

Life Insurance without any Medical Questions Asked?

Is it possible to purchase a life insurance policy without having to answer any questions about the condition of my health?

Yes, if you meet the age requirements for approval, you may buy life insurance without answering any questions about the condition of your health, or your health history.

These are called "Guaranteed Approval" life insurance policies, which means you cannot be turned down for coverage due to any pre-existing health issues.

Also, there's no health examination required and no health questions asked of you.

So, even if you are over 70, have been denied coverage, or you have a pre-existing health problem, you can still get insured for life insurance.

Here's how to get life insurance with no medical questions asked.

What Type of Life Insurance Do I Need for a Mortgage?

If you are considering the purchase of a new home you may be applying for a mortgage loan and wondering if you need life insurance to protect your mortgage.

Actually, no life insurance is needed for a mortgage. There are PMI (Private Mortgage Insurance) plans required if you are putting down less than 20% as a down payment on your new home. 

PMI protects the lender and pays the lender back on your mortgage loan in case you pass away before the loan is paid off.

Learn more about What type of life insurance do I need for a mortgage?

How to Buy Life Insurance without an Agent?

Is it possible to buy life insurance if I don't have a life insurance agent?

Yes, there are life insurance companies that offer life insurance policies you can apply for and purchase online without an agent.

And, if you qualify for coverage, you can start your life insurance coverage immediately.

Some life insurance carriers offer no exam, instant-issue life insurance policies for people who do not have a life insurance agent.

Here's how to buy life insurance without an agent.

How is a Life Insurance Policy Priced?

How Does an Insurance Company Determine Your Premiums? 

When it comes to buying life insurance, the premium you will be charged for your policy is one of the most important factors in deciding which insurance company and plan you will select.

So, how are premiums determined?

The life insurance company uses information you provide to assess the risk you present to the insurer of dying while you will be insured.

Learn more about how life insurance is priced?

Senior Life Insurance without taking a Medical Exam

Can seniors get life insurance without having to take any health exams?

Yes, it's possible for elderly people to get life insurance without taking any health exams.
There's even no health question - "guaranteed acceptance" life insurance plans available for seniors age 45 to 85.

So, even if you have a health condition, you're over age 75, or you've been turned down for coverage, you can still get insured for life insurance without taking a medical exam.

Here's how to get senior life insurance without medical exams required.

What is Payback Life Insurance?

If you need term life insurance for a temporary period of time, you may be wondering what happens if you outlive the duration of your coverage.

Can you get your premiums back?

Actually, there are term life policies with payback of premiums if you outlive the term (duration) of your policy.

However, these plans charge you a higher annual premium than regular term insurance policies which do not return your premiums.

With payback term insurance you pay more upfront, betting that you will be alive when your policy expires, so you get back almost all of the premiums you paid over the life of your insurance policy

Learn more about term life insurance with payback of premiums.

How to Get Life Insurance without Waiting

Are you looking to buy a life insurance policy without any delays or waiting?

If so, there are "quick issue" life insurance policies offering coverage you can start today.

These quick issue policies don't require any health exam.

Usually, the applicant must be healthy and under the age of 60 to qualify for coverage.

Some life insurance carriers offer up to $500,000 or more of "quick issue" coverage to qualified applicants.

And, there's a money back guarantee so there's no risk to you. Here's how to get life insurance without waiting.