What Type of Life Insurance is Best?

The best type of life insurance for you will depend on your specific situation and goals.

What do you want your life insurance plan to accomplish for you and your loved ones?

Also, your age, health, budget and the amount of life insurance will impact your buying decision.

As well as, how long you need your life insurance policy to last.

If you need life insurance for a period of 30 years or less, then term life offers the most affordable coverage.

If you need life insurance guaranteed to last your entire lifetime, then permanent life insurance will help.

Learn more about finding out what type of life insurance is best.

What is Death Benefit Insurance?

Death benefit insurance is a type of life insurance that only provides a death benefit payout with no cash value inside your policy.

While permanent or whole life insurance may build cash value inside the policy, and provide a death benefit, term life insurance is death benefit only life insurance.

Term life is temporary life insurance lasting for a specific period of time.

If the insured person dies while the policy is In Force, the death benefit is paid out to the beneficiary of the insurance policy.

Because term life is temporary coverage and only provides a death benefit, it costs a lot less than whole or permanent life insurance plans.

Learn more about how death benefit insurance works.

Ecoverage Life Insurance

Ecoverage life insurance is an online life insurance broker that has access to a large network of leading life insurance carriers.

Ecoverage helps to connect you with the life insurance carrier in your area that offers the best plan at the moist affordable price.

With Ecoverage you can request and compare free term life insurance quotes from over 40 of the leading life insurance carriers for savings up to 70% on your life insurance policy.

Ecoverage helps make shopping for life insurance quick and easy so you can find the protection your family needs at the best price.

Why Do So Many People Get Term Life Insurance Instead of Permanent?

There are several good reasons people choose to buy a term life insurance policy instead of purchasing permanent life insurance.

One of the most common reasons is Price.

Permanent life usually costs up to 5-10 times more for the same amount of life insurance compared to term life.

That means, you can buy a lot more protection for your family by choosing a term life insurance policy.

Another popular reason is Flexibility.

With term life you choose the duration of coverage you need your life insurance protection to last.

You may be able to choose a term life policy lasting for a duration of 10, 15, 20, 25 or 30 years, to meet your family's specific needs.

Learn more about why so many people get term life insurance instead of permanent life insurance.

What Does Life Insurance Not Cover?

If you are purchasing life insurance you may be wondering what isn't covered by a life insurance policy.

Well, life insurance pays out a death benefit to your beneficiary upon your death if you die while your policy is In Force, and subject to the terms, conditions and exclusions stated in your life insurance contract (policy).

There are several reasons why a life insurance death benefit claim may be denied, including fraud, misrepresentation of a material fact on your application for coverage, suicide within the first 1-2 years of being insured, or murder of the insured by the beneficiary of the life insurance.

Learn more about what is not covered by life insurance.

What Does Life Insurance Cover You For?

If you're shopping for a life insurance policy you may be wondering what it is life insurance covers you for.

Actually, a life insurance policy pays out a death benefit to your beneficiary upon your death, subject to the terms, conditions and exclusions stated in your life insurance contract.

A covered cause of death may include natural causes, accidents and suicide, if the suicide occurs after the suicide exclusion period - usually 2 years, but one year in some states.

Learn more about what life insurance covers you for.

How Many Years Does Term Life Insurance Have?

Term life insurance is a type of life insurance policy that provides temporary protection lasting for a specific number if years.

Usually, term life offers coverage for a period of 1 to 30 years.

Most policies for term coverage are either 10 or 20 years in duration.

However, you may be able to choose a policy "term" of 10, 15, 20, 25 or 30 years, depending on your age.

Learn more about how many years term life insurance lasts.

Life Insurance Policy with No Physical

Can I buy a life insurance policy without having to take a physical examination?

Yes. However, it will depend on your age and your health.

There are several insurers now offering different types of no physical exam life insurance policies.

Healthy individuals between the ages of 20 to 60 may qualify to buy no exam term life insurance policies.

While people ages 45 to 85 may purchase guaranteed approval permanent life insurance policies with no exams and no health questions asked.

Here's how to buy a life insurance policy with no physical examination needed.

Is Guaranteed Life Insurance a Good Option?

Are you wondering if guaranteed life insurance is right for you?

It may be, but it depends on your situation.

Guaranteed issue life insurance means you cannot be turned down for coverage if you meet the age requirements and can pay the premiums.

So, if you have health problems, or you have been turned down for life insurance, or you are over 75, it may be an option to consider.

These plans are available for people ages 45 to 85 years old.

Learn more about if guaranteed life insurance is a good option for you.