What is a Term Life Insurance Policy?

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.

Senior Burial Expense Insurance

 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.

What is the Difference Between Accidental and Term Insurance?

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.

Can I Apply for Life Insurance Online with No Exam?

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.

Can I Buy Life Insurance for My Adult Daughter?

 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.

 

Does Life Insurance Cover COVID-19?

 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?

Funeral Insurance for Over 80

 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.