Life insurance is a type of financial protection that pays out a death benefit upon the death of the insured person, subject to the terms, conditions and exclusions stated in the insurance contract.
Life insurance pays out a death benefit if the insured person dies from a covered cause of death, including natural causes, illness or accidental death.
Yes, life insurance pays if the insured dies from natural causes.
No, you cannot cash out a term life insurance policy.
Term life is pure protection, providing a death benefit payout upon the death of the insured person.
There is no cash value or investment feature to a term life policy.
Learn more about cashing out a term life insurance policy.
Yes. There are guaranteed issue life insurance plans available for people between the ages of 45 to 85 years old.
Guaranteed issue means you cannot be turned down for coverage if you meet the age requirements.
So, even if you have health problems or have been denied life insurance from other insurers, you can still get insured.
But, these plans usually come with graded (limited) benefits the first 2 years you are insured.
Learn more about buying life insurance on someone who is dying.
If you are the beneficiary of a life insurance policy, you may use the proceeds (death benefit) from the life insurance in any way you choose.
You could spend the money on paying for the burial of the insured person. Or, save the money.
Many people use the death benefit to replace the income of the insured.
But it's really up to you as beneficiary to choose how you wish to use the money you receive from the payout on a life insurance policy.
Learn more about what life insurance pays for.
Life insurance with AD&D is life insurance that provides a death benefit payout for accidental death; as well as, natural causes and illness.
Traditional life insurance policies include coverage for accidental death.
However, you can have an individual insurance policy that covers only death resulting from an accident, which would be an accidental death insurance policy.
In addition, you may add coverage for double indemnity which pays out twice the death benefit if the insured dies from a covered type of accident.
Learn more about life insurance with ad&d coverage.
When it comes to buying life insurance, there are many reasons people choose to get insured.
Depending on the situation and where you are in life, you may have a need for life insurance protection.
Some of the more common reasons people buy life insurance include:
There are many different reasons to buy life insurance, but if you have anyone who relies on you for any means of financial support, you may want to consider buying life insurance to provide for them after you are gone.
Learn more about why you should buy life insurance protection.
What is the best life insurance for new parents?
If you are new parents you may be considering the purchase of life insurance to provide financial security for your newborn.
However, there are two basic types of life insurance to choose form for providing the financial security your growing family needs.
You may choose between term life and permanent life insurance.
However, if you're on a budget, you'll want to look closely ate term life insurance, which offers the most affordable coverage by far.
And, with term life you can choose coverage lasting for a period of 10, 15, 20, 25 or 30 years, until your newborn is grown-up and self-supporting.
Here's how to get affordable life insurance for new parents.
Life insurance for a mortgage is a life insurance policy used to provide protection for your family in case you die before your home mortgage loan is fully repaid.
You can purchase a term life insurance policy that will provide your loved ones with the money necessary to pay off the remaining balance owed on your mortgage should you die.
You can select a term life policy in the amount you currently owe on your mortgage.
In addition, make sure you select a policy "Term" (duration of coverage) that matches the length of time your mortgage will last.
Also, select the beneficiary you wish to receive the proceeds from your life insurance policy upon your passing.
Your beneficiary can use the proceeds to pay off the mortgage loan so your family can remain in the home they shared with you.
Learn more about life insurance for a mortgage.
No, you can't buy life insurance on someone you don't know.
In order to purchase life insurance on another person you need an Insurable Interest in that person, and you would need their consent - permission to get the insurance.
Usually, the insurance company would require the signature on the application for life insurance coverage of the person you wish to insure for life insurance.
That person would need to sign the application for life insurance coverage, which would verify that the person is aware of the life insurance coverage.
To learn more, here's a helpful article for your review: "Can You Get Life Insurance on Someone You Don't Know?"
The price you pay monthly or annually for a senior life insurance policy will be based on the rate you are charged per $1,000 of life insurance multiplied by the amount of life insurance you need.
You rate is determined by considering your age, gender, health, and other risk factors that impact your longevity - how long you are expected to live.
The younger and healthier you are, the lower your rate for life insurance.
You can compare pricing for senior life insurance policies online by requesting a free life insurance quote comparison from a life insurance website.
Receiving your free life insurance quotes online are quick and easy to do.
If you're shopping for affordable life insurance online, you'll find it's quick and easy to compare the best pricing available.
All you have to do is visit a life insurance website, fill out a quote request form, and you'll instantly see the lowest prices offered by a network of leading life insurance carriers on your screen.
Some life insurance providers even allow you to apply online for your life insurance policy in just minutes.
Here's how to get term life quotes.
Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by the employee’s Company equal to 1 (or 1.5) times the employee’s "Base Pay" as defined under the life insurance plan in which the Eligible Employee participates.
Usually, any employee may participate in the group employer provided life insurance plan.
And, individual employees may be able to purchase additional increments of life insurance out of their own pocket, if they need more coverage.
Learn more about how basic term life insurance works.
What is term insurance and how does it work?
Term insurance is temporary life insurance lasting for a specific period of time, usually up to 30 years.
Many insurers offer term life insurance plans for a duration of 10, 15, 20, 25 or 30 years of protection.
If the insured person dies during the policy term, the death benefit is paid out to the beneficiary of the life insurance policy.
If there insured person is alive when the policy term expires, there is no payout of any benefits, and the coverage ends.
Term insurance is the cheapest type of life insurance you can buy for a period of 30 years or less.
If you are in poor health and in need of life insurance, you may want to learn about life insurance with guaranteed approval.
Guaranteed issue life insurance guarantees your ability to get insured for life insurance, even if you have pre-existing health problems, or have been denied life insurance form other insurers.
People between the ages of 45 to 85 may purchase guaranteed acceptance life insurance coverage with no health exam required, and no health questions asked.
Here's how to buy life insurance for people in poor health.
Level term life insurance is a type of term life policy that offers competitive pricing with rates guaranteed remain level for the entire duration of your life insurance policy.
In addition, the amount of life insurance provided by your level term policy remains level for the entire policy term.
Level term life is the most popular type of term plan and offers the lowest rates for life insurance coverage.
These level term plans provide coverage for a duration of 10, 15, 20, 25 or 30 years.
Learn more about how level term life insurance works.
Can I buy short term life insurance online?
Yes. There are many insurers that now offer the option for consumers to purchase their coverage online direct from the insurance carrier.
Short term life insurance offers you the option to choose coverage lasting for a duration of 5, 10, 15, 20, 25 or 30 years of protection.
And, you may apply on-line and begin your short-term policy today, if you qualify for no exam term life coverage.
Here's how to buy short-term life insurance online.
Can I purchase life insurance on my parents?
Yes, if you are an adult, you may purchase life insurance on your parent or parents.
Many adult children choose to purchase life insurance on their parents so there are funds available to pay for the final expenses for their parents.
And, even if your parents have pre-existing health issues, they can get insured with guaranteed issue life insurance coverage. Request a free quote.
You can purchase life insurance on your parents, pay the premiums, and name yourself as the beneficiary of the life insurance plans.
Here's how to buy life insurance for your parents.
What is the best term life insurance plan to buy?
It really depends on your situation and insurance needs.
However, Level Term life insurance is by far the most popular type of term insurance plan purchased by consumers today.
Level Term offers you affordable pricing on coverage that lasts for up to 30 years.
With Level Term, your premiums are guaranteed never to increase during the life of your policy, and your coverage amount is guaranteed never to decrease during the life of your plan.
Learn more about finding the best term life insurance plan.
If you're considering the purchase of term life insurance, then deciding how long you need your term policy to last is one of the most important questions to consider before selecting a policy.
Make sure you figure out your longest financial obligation you want to protect with your life insurance, and then choose a policy duration (term) that helps you accomplish that goal.
Learn more about how long should your term life insurance last.
How can I find the most affordable quotes for life insurance?
If you want to get the best pricing on your life insurance you'll want to compare free, instant term life insurance quotes online from several of the leading life insurance carriers in America.
You can do this by visiting a life insurance website and filling out a Quote Request Form.
Most life insurance websites offer free quotes on life insurance.
By comparing prices for term life insurance, you can quickly and easily fond the most affordable life insurance policy that meets your needs.
Here's how to find the most affordable life insurance quotes now.
Does any life insurance plan offer instant approval?
Yes, there are several insurers offering term life insurance policies with instant approval.
However, the time for approval to get insured can vary by insurer from as little as 15 minutes after completing your online application to as long as 24-48 hours.
Usually, anyone who is healthy and between the ages of 20 to 60 may qualify for a quick approval term life plan.
Learn more about how to get instant life insurance approval policies online today.
Term life insurance is a type of life insurance plan that provides temporary coverage lasting for a specific number of years, usually up to 30 years.
Many insurers offer term life options of 10, 15, 20, 25 or 30 years of protection.
The longer your policy term (duration), the higher your cost of coverage.
Term life offers death benefit only coverage, which means there is no cash value or investment feature of the policy, only life insurance death benefits.
It's the cheapest type of life insurance available, which means it allows you to afford the most life insurance protection for your money, by far.
Learn more about what is a term life insurance policy and how it works.
Is there burial expense insurance available for senior citizens?
Yes. In fact, several insurers even offer guaranteed issue life insurance plans to cover burial expenses for seniors.
One highly-rated insurer offers up to $25,000 of burial expense life insurance coverage with guaranteed acceptance for anyone between the ages for 45 to 85.
With guaranteed approval plans you won't have to take an exam or answer any questions about your health.
Your approval for a policy is guaranteed, as long as you meet the age requirements, and can pay the premiums.
Learn how to get senior burial expense insurance coverage.
If you're shopping for life insurance you may be wondering about the differences between accidental death insurance and term life insurance.
Accidental death life insurance plans provide a death benefit if the insured person dies as a result of an accident without a specific timeframe of the accident.
Whereas, term life insurance pays out a death benefit if the insured person dies during the term (duration) of the policy, and if the death occurs as a result of natural causes, illness or an accident.
Learn more about accidental vs. term insurance and how they work.
Yes, in fact, most healthy individuals between the ages of 20 to 60 may qualify to buy no exam life insurance online.
Depending on the insurer, it may only take about 15-20 minutes to apply for your no exam life insurance policy online.
And, some insurers even notify you of approval the very same day you apply.
That means, you may start your life insurance coverage today, if you qualify.
Here's how to apply for life insurance online no exam needed.
Yes, a parent may be able to purchase a life insurance policy on his or her adult child.
Parents have an insurable interest in their children and may buy life insurance on their lives.
When you are a grown adult, you may have taken a loan from your parent to pay for a new car, new home or college tuition, for example.
These are just a few of the reasons parents may buy life insurance on their adult children.
Or, to make sure their grandchildren have financial security in case the adult child cannot afford to buy life insurance when they have kids of their own.
Learn more about buying life insurance for your adult daughter.
Today we are living through a very unique point in history, having experienced the only pandemic of the past 100 hundred years.
With so much uncertainty about the future, many of us are considering what that future holds for us and our families.
That's why many people are choosing to purchase life insurance to provide financial protection for the future of our loved ones.
But, does life insurance cover death resulting from COVID-19?
It's an important question to consider before buying life insurance, or of you already own a life insurance policy.
First, you'll want to find out if there are any specific exclusions in the policy that exclude coverage for COVID-19.
Also, you'll want to confirm in writing from the insurance company whether or not the policy provides coverage for COVID-19.
Learn more about does life insurance cover COVID-19 or not?
Is there funeral expenses insurance available for people over eighty years old?
Yes. In fact, there are guaranteed issue permanent life insurance policies available that can provide the funds needed to pay for your final expenses, including the cost of your funeral and burial expenses.
Guaranteed approval means you cannot be turned down for coverage if you meet the age requirements for approval.
For example, one highly-rated insurer offers guaranteed issue funeral insurance plans for people between the ages of 45 to 85 years old.
So, even if you have health problems, or you have been turned down for life insurance elsewhere, you can get insured.
Here's how to get funeral insurance for seniors over 80 years old.
The cheapest type of life insurance you can buy is term life insurance.
Term life is the lowest priced type of life insurance because it is temporary coverage and provides a death benefit, but there is no cash value that builds up inside the policy.
It is not an investment, it is pure protection.
In addition, you may outlive the duration of your term life insurance, which means there would be no payout of any benefits.
Term life offers coverage lasting up to 30 years, depending on your specific needs.
Permanent life insurance usually costs up to 5-10 times more for the same amount of life insurance compared to pricing for term life insurance.
Here's how to find the cheapest life insurance coverage.
Is it possible for someone to apply online and start their no exam life insurance policy today?
Yes. If you qualify for coverage you may start your life insurance today without having to take any health exams.
In fact, several insurers now offer quick issue no exam life insurance plans.
However, most of these plans are for healthy individuals between the ages of 20 to 60.
You can request a free quote, apply online and start your life insurance right away, if you qualify for coverage.
One highly-rated insurer offers up to $2,000,000 of same-day coverage to qualified applicants.
Here's how to buy life insurance today with no exam needed.
Is there burial insurance coverage available in Texas for seniors?
Yes, in fact, several insurers offer burial expense insurance plans in the State of Texas, including United of Omaha, Colonial Penn, AARP/NewYork Life, MetLife and AIG, among others.
There are guaranteed issue life insurance plans available for seniors age 45 to 85 that offer up to $25,000 of insurance coverage with guaranteed approval, regardless of your health.
Here's how to buy burial insurance for seniors in Texas.
Is there any life insurance plan available with no health questions asked and guaranteed approval?
Yes. Guaranteed acceptance life insurance policies do not ask you any questions about your health, and there is no medical exam needed.
As long as you meet the age requirements for acceptance, and you can pay the premiums required, you are guaranteed coverage. Request a free quote.
These guaranteed issue policies are available for people between the ages of 45 to 85 years old.
Even if you have been turned down for life insurance by other insurers, you may purchase guaranteed life insurance.
Here's how to buy no health questions guaranteed life insurance coverage.
Are you wondering if term life insurance is right for you and your loved ones?
Actually, term life is a good option for many people today.
Find out if term life insurance is good for you and your loved ones today.
Is there final expense insurance available to pay for the cost of cremation?
Yes. In fact, several insurers now offer small life insurance policies with coverage amounts ranging from $3,000 up to $20,000 or more to help cover the cost of your final expenses.
These plans usually offer guaranteed approval for seniors which means you cannot be turned down for coverage if you meet the age requirements for approval.
And, there's no health exam required and no health questions asked.
If you don't have money saved for your final expenses then buying a final expense insurance plan for cremation may be a good idea.
Here's how to buy final expense insurance for cremation costs.
How can I find low cost life insurance to cover my final expenses?
You can visit a life insurance website that offers free quotes on final expense insurance plans.
There are several insurers that now offer small life insurance policies for seniors to help pay for their final expenses, including the cost of a burial and funeral.
For example, United of Omaha offers coverage starting at just $8.80 per month for guaranteed issue final expense life insurance plans for people between the ages of 45 to 85.
Here's how to get low cost final expense insurance coverage.
Can I buy a term life insurance plan over the internet?
Yes, in fact, some insurers even offer no exam term life insurance policies which qualified applicants may start today.
One insurer offers up to $2,000,000 of same-day coverage on term life insurance for healthy individuals between the ages of 20 to 60. Request a free quote.
However, you may want to shop and compare term life plans to help you find the best price on a policy from the highest-rated insurance company.
Here's how to buy online term insurance plan today, if you qualify.
What is the best term life insurance coverage for a senior?
It's the plan that meets your needs and accomplishes your goals.
You'll want to find the plan that offers the most affordable price from a highly-rated insurance company.
Make sure to consider how long you need your coverage to last and how much life insurance you really need.
You'll want to compare multiple life insurance quotes from several of the leading life insurance companies to help you find an affordable plan from a reputable carrier.
Here's how to find the best term life insurance for seniors.
