What is Guaranteed Acceptance Life Insurance Coverage?

A guaranteed issue life insurance policy provides anyone who meets the age requirements a way to get life insurance protection regardless of his or her health.

Even if you have already been denied or turned down for life insurance from one or multiple insurance companies, you can still get guaranteed approval life insurance.

Although there are more affordable plans available, if you have been having difficulty getting insured, this may be your last and best option.

Keep in mind, you may purchase guaranteed coverage from more than one life insurance carrier.

Most plans offer a maximum of $25,000 of coverage and there are limited death benefits the first two years you are insured.

To learn more read this article: What is Guaranteed Approval Life Insurance?

Why Buy Life Insurance Outside of Work?

Do you have life insurance through your employer?

If you're like many of us with a job that provides employee benefits you may have group life insurance protection through your employer.

However, most of these plans have limitations on the amount of life insurance you receive, usually 1-2 times your annual income.

In addiiton, these plans do not follow you if you were to leave your current employer for any reason; such as, being fired, taking another job, or your company going out of business.

That's why you may want to consider getting your own personal life insurance policy separate from the coverage you have through your employer-provided program.

That way, no matter what the future holds you will be insured with your own life insurance you can keep no matter where you are working, or not working.

To learn more, read this article - Why Buy Life Insurance Outside of Work?

Can You Buy Multiple Term Life Insurance Policies?

Yes, it is possible for someone to purchase more than one term life policy?

As you get older and take on more financial responsibility, your need for more coverage may increase to protect your growing family.

Life insurance companies understand about possible life changes and a growing need for additional life insurance, which is why they allow you to have more than one term life policy.

For instance, a young family may have a 30 year term policy to protect the mortgage, and a 20 year term policy to guarantee there is money for the kids to go to college in case the main breadwinner of the family passes away unexpectedly.

Also, it's a good idea to have coverage on both you and your spouse or partner, if it's needed. Whether you both work or just one of you, the one not earning an income still contributes in many ways to the family and it would be costly to pay someone to do everything a home maker does for a family if that person were to pass away.

Here's how you can learn more about the question "Can You Buy Multiple Term Life Insurance Policies?"

When Should I Buy Life Insurance for My Child?

If you're new parents or have young children you may be considering the purchase of life insurance coverage for your child.

Child life insurance offers several important benefits for your family and your children.

They can provide funds to pay for your child's final expenses, build cash value inside the policy for your child's future, guarantee your child's insurability as an adult, and guarantee your child can add more coverage when reaching adulthood.

The best way to go is to lock-in the lowest rate while your child is young and healthy, so the sooner the better. We're all well-aware of the number of young children in the US developing diabetes or becoming overweight, both of which make it difficult to get affordable life insurance.

Purchasing coverage now for your child will guarantee lifetime protection no matter what the future holds.

To learn more, read this article about "When should I buy life insurance for my child?"

Questions to Ask About Term Life Insurance

What are some questions I should ask about when buying a term life insurance policy?

When it comes to term insurance there are several key questions you'll want to get answers to in order to assist you in choosing the right plan and insurance carrier.

Questions to Ask About Term Life Insurance:

What goal do you want your life insurance to accomplish?
How long do you need your life insurance to last?
What can you afford to spend on life insurance each month?
How much life insurance protection do you need?
Do you need the option to renew your coverage in the future should your life insurance needs change?

Here's how to learn more about term life insurance questions to ask and how to find affordable coverage from a highly-rated insurance company.

Why Use a Life Insurance Calculator?

If you're shopping for life insurance protection one of the most important things to consider is how much life insurance you need to protect your family?

Why is choosing the right amount of life insurance coverage so important?

Because, you want to make sure the life insurance can accomplish the goals you set for your coverage, and you don't want to pay for coverage you don't need.

Using a calculator to determine your need for life insurance is simple.

You just answer some basic questions about your financial situation and click on a button to instantly see how much life insurance you need for your personal situation.

Here's a quick and easy life insurance calculator to help you accurately estimate your life insurance needs.

Funeral Insurance without Medical Exam?

Is it possible to get a funeral insurance plan without taking a medical examination?

Yes, in fact, there are guaranteed approval funeral insurance plans available for those meeting the age requirements for acceptance.

Several insurers offer guaranteed funeral insurance, but ages may vary by insurer.

For example, one highly-rated insurance company offers up to $25,000 of guaranteed approval coverage for people ages 45 to 85.

With guaranteed coverage there's no health exam required and you won't have to answer any questions about your health.

However, these plans may have limited benefits the first two years you are insured by your policy - that's how they can accept everyone who meets the age requirements.

Learn more about how to get funeral insurance without a medical exam.