Why Would Children Need Life Insurance?

We have two young children and have heard about life insurance plans for children.

But, why would a child need life insurance coverage?

When it comes to purchasing a life insurance plan for your child, there are several benefits you may want to consider, as they would provide a form of financial security for your child's future.

The benefits of child life insurance plans may include the following:

1. Guaranteed lifetime life insurance protection.
2. Guaranteed level premiums that will never increase.
3. The option of adding additional life insurance coverage when reaching adulthood.
4. It builds cash value from which your child may take a loan.
5. It provides funds for final expenses.

Also, keep in mind, today there are so many children that develop health issues like diabetes, or become overweight, and may find it difficult to qualify for affordable life insurance coverage later in life when she needs it to provide financial security for her own family.

Here's how you can learn more about childrens life insurance plans

Does Term Life Insurance Require A Medical Examination?

Most Term Life Insurance polices do require the applicant to take a medical examination.

There are "non med" life insurance policies that do not require any health exams, and even some term life policies that require an exam will exempt low face amounts of coverage under $50,000, and/or children from having to take an exam.

The medical exam for a life insurance policy is free to the person applying for insurance, and can be done in one's own home, office or place of one's choice, including the exam company's office. The insurance carrier pays for the exam.

Some insurers offer instant issue no exam life insurance policies you can apply for online, and if approved, you may be able to start your life insurance policy the same day.

In addition, some life insurance carriers offer up to $350,000 of no exam life insurance, but I think the largest amount of life insurance available without an exam is around $500,000. Keep in mind, you can own more than one life insurance policy, so you may be able to get a lot more than $500,000 of life insurance coverage without having to take any health exams.

Here are some life insurance plans with no exams that you can apply for coverage online today.

What Is The Best Life Insurance For Funeral Expenses?

I want to get life insurance to pay for my funeral expenses, but I'm not sure which life insurance to get.

Whole life insurance is usually the best type of life insurance for funeral expenses.

There are many Whole Life insurance policies that can now be purchased with no medical examination required, for a small face amount of life insurance coverage that works perfectly for covering the cost of a funeral.

The death benefit of the whole life policy is left to your beneficiary, so, for example, if you changed your mind from being embalmed to being cremated, the extra money can go to pay off your other bills.

When you buy permanent life insurance, you don't have to worry if it will be in effect at your death as it is guaranteed lifetime protection, so long as the premiums are paid.

Some of the leading insurance companies offering funeral expense insurance plans include United of Omaha, Met Life and Colonial Penn.

Here's how to get life insurance for funeral costs and final expenses.

How much does Funeral Insurance Cost?

I want to purchase a funeral insurance policy but I don't know how much they cost?

Funeral expense life insurance policies offer a limited amount of life insurance protection with rates that vary based on your age, insurance company, and the amount of coverage.

Since funeral insurance usually provides guaranteed approval for those people meeting the age requirements, the amount of coverage available is usually limited to a maximum of $25,000.

With funeral expense plans there is no health exam required, and you may or may not need to answer some health questions when you apply.

Some insurers offer funeral expense insurance with premiums starting as low as $10 per month for a small amount of protection. The higher the amount of coverage, the higher your premium.

In addition, funeral insurance may offer permanent life insurance protection that builds cash value inside the policy, from which you may take a loan, but it varies by plan.

What "Term" Lengths are Available for a Term Life Insurance Policy?

I want to purchase term life insurance, but how long does a term policy last, and what are my options?

There are several options available for the length of time you can get coverage with a term life insurance policy.

Usually, a life insurance company will offer term life insurance for a term of 5, 10, 15, 20 or 30 years of protection.

And, when the "term" of your policy ends, you may be able to "renew" your coverage for another term, which is usually 1, 5 or 10 years, at a higher rate based on your age at that time.

However, the maximum length of term available will depend on your age. For instance, someone age 70 may only be able to get term life insurance for a term of up to 20 years, usually.

Level term life insurance is the most common type of term insurance plan available, and it offers guaranteed level premiums for the duration of your term, while the amount of life insurance coverage provided stays level, too.

Life Insurance Medical Exam Tips

I am buying life insurance coverage but they are requiring me to take a paramedical exam.

What are ways I can prepare to get the best results on my medical for life insurance?

When to comes to taking a life insurance medical examination, you'll want to choose a time of day when you are most relaxed, for instance, early in the afternoon.

Also, make sure you do not drink any alcohol or caffeine the day of your medical, and don't exercise that day, either.

Make a list of all of your doctors, their contact information, and all prescribed medications you are currently taking.

You can choose to have the medical at your home or office, and the exam is paid for by the insurance carrier.

Remember, if you do not agree with the results of the tests, you may request another exam, but the insurance company may or may not agree to it, or pay for the second exam.

Here is a complete list of life insurance medical exam tips to help you prepare for your medical.

Can I Get Life Insurance If I Have Cancer?

There are some life insurance plans available that offer life insurance for people who are cancer survivors, but fewer for people who currently have cancer.

For example, there are guaranteed issue life insurance plans that will offer up to $25,000 of guaranteed coverage for people ages 45 to 85 even if you have cancer.

However, guaranteed plans have graded death benefits the first two years you are insured, so you won't have full coverage until after two years. However, if your prognosis looks good, this may be an option for thou to consider.

With guaranteed issue life insurance plans there's no health examination required for you to qualify, and you wonk;t have to answer any questions about your health. You cannot be turned down due to any health problems, as long as you are between 45 to 85 years old.

Here's how you can get life insurance for people with cancer.

Life Insurance Over 50?

If I'm over 50 do I need life insurance coverage?

That really depends on your situation. Do you have an outstanding home mortgage loan, or anyone who relies on your income for financial support?

Do you have children who will be attending college, or are currently in college?

How will your family pay the bills without your income?

Have you set aside money to provide for your spouse if you pass away?

What about money to provide funds to pay for your final expenses, including your funeral and burial costs?



If you're considering life insurance while in your fifties you may want to take a few minutes now to compare the best rates from the highest-rated life insurance companies to help you understand how much your coverage may cost, and which insurers may offer you the best deal. Here's how to get Over 50 Life Insurance Quotes

Term and Whole Life Insurance Policies

Do you know the difference between term life insurance and whole life insurance policies?

If not, you may want to watch this video before you purchase your life insurance coverage. Khan Academy provides helpful learning videos on a wide range of topics including life insurance to make it easier for you to understand how life insurance works.



Now that you understand the differences between types of life insurance policies, you may want to review a list of the leading life insurance companies to help you find the best carrier for your life insurance. Request your free quote for life insurance

Vantis Life Final Expense Insurance

Do you need life insurance to pay for your final expenses?

If so, you may want to consider Vantis Life final expense insurance.

Vantis Life can help you get the coverage you need so that your family members won't bear the financial burden of paying for the costs of your funeral, burial, and other final expenses.

With Vantis Life you can get up to $20,000 of permanent life insurance protection so the money is available for your loved ones when the time comes.

If you are age 50 to 80 you cannot be turned down for a Vantis Life final expense life insurance policy, even if you have health problems, or have been turned down for coverage by other insurers.

There's no health examination required, and you won't be asked any questions about your health.

You can get a free, instant life insurance quote online and apply for your final expense policy today. There's no hassles, no need to meet with an agent, and you won;t be taking any physical exam.

If you need life insurance to pay for your final expenses please learn more about Vantis Life Final Expense Insurance today.

Mortgage Insurance with No Physical Exam?

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

Yes, you can buy mortgage insurance online and not take a physical exam to qualify.

When you apply for your mortgage insurance you will be asked some questions about your health, but it is possible to purchase your mortgage insurance plan online with no health exam required.

In fact, some insurers offer up to $350,000 of no exam mortgage life insurance. And, if you qualify for coverage you can start your insurance policy today. There's even a 30 day money-back guarantee in case you change your mind.

You'll want to name your spouse as beneficiary if that's who you want to leave the life insurance death benefit to, so your spouse can use the provides to pay off your mortgage loan.

Here's how to get mortgage insurance with no physical exam required.