Life Insurance That Pays Off Mortgage

Is there life insurance coverage that pays off your mortgage?

Yes, you can use life insurance to pay off your home mortgage loan.

Many homeowners choose to purchase a mortgage payoff insurance policy to pay off the remaining balance on their mortgage loan in case they pass away before it is completely paid off.

That way, if you do pass away before paying off the loan, your family will have the money needed to pay off the mortgage and remain in the home they shared with you. It's a way to protect your family and your home, so your loved ones can keep living in the home in which they shared so many memories with you.

Learn more about buying life insurance that pays off mortgage.

High Risk Whole Life Insurance

Is there whole life insurance available for people considered a high risk?

Yes, there are whole life insurance policies for high risk people.

There are several different reasons an insurer may consider an applicant a high risk for life insurance, including due to age, health, hobbies, lifestyle or occupation, among others.

However, high risk life insurance companies specialize in insuring high risk people for life insurance and offer high risk life insurance plans.

Some of the leading providers of high risk permanent life insurance coverage include United of Omaha, Metlife, and Colonial penn, among others.

There are guaranteed acceptance high risk whole life insurance policies available for people age 45 to 85. If you meet the age requirement you cannot be turned down due y=to your health issues.

Disability Insurance

What is disability income insurance?

It's a type of insurance that protects your income.

If you get ill or have an accident, your disability insurance policy pays you money each money you are unable to work.

The amount you are paid will depend on your current monthly income. Usually, disability insurance plans pay from 50% to 80% of your monthly income if you are unable to work due to injury or illness.

How much does disability insurance cost?

You can request a free disability income insurance quote online with no delays and no obligations.

What life insurance is best for seniors?

The best life insurance for seniors will depend on what goal you want your life insurance to accomplish.

If you need the maximum amount of life insurance available at the lowest cost, for a temporary period of time of 20 years or less, then a term life insurance policy may offer the most affordable life insurance coverage.

However, if you need guaranteed lifetime life insurance protection a permanent life insurance policy may offer a good option for you.

Term life insurance will end if you outlive the "term" of your policy, while permanent life insurance provides lifetime protection.

In addition, if you have health issues there are guaranteed issue life insurance plans that will accept you even if you have health problems.

Learn more about what life insurance is best for seniors

Final Expense Insurance Companies

What companies offer life insurance for final expenses?

There are several highly-rated life insurance carriers that offer final expense life insurance plans.

Some of the leading providers of final expense life insurance include the following:

1. United of Omaha
2. Met Life
3. Colonial Penn
4. AARP/NewYork Life
5. Forester's
6. Cigna
7. State Farm
8. Transamerica
9. Everest
10. Nationwide

Here's how you can compare final expense insurance rates online today.

The Difference Between Term Life and Whole Life Insurance?

What is the difference between a term life insurance policy and whole life insurance?

A term life insurance policy is temporary life insurance that provide protection for a specified period of time. For instance, if you have a home mortgage loan and you want to protect your family and make sure they have money to pay off the mortgage in case you die, you may want a 30 year term life insurance plan to match the 30 year mortgage loan.

Or, if you have young children, you may want to a 20 or 30 year term life insurance policy to provide protection until the kids are grown up and on their own.

Whole life insurance provides lifetime protection and may build up some cash value inside the policy.

Term life insurance costs a lot less than whole life insurance. That's why many people buy a larger term life insurance policy to meet their short term life insurance needs of 30 years to less, and they also buy a whole life insurance policy to help provide funds for their final expenses.

Here's how you can compare term life and whole life insurance coverage.

Life Insurance and DUI's

Is it possible to get life insurance if you've had a DUI?

Yes, there are life insurance carriers that insure people with a DUI on their driving record.

However, you will be paying a higher premium for your life insurance compared to someone who has a good driving record.

In addition, they will take into consideration when the DUI occurred, your overall driving record, if you have an alcohol abuse problem, and other factors in order to determine if they will insure you and what premium to charge for your life insurance coverage.

One of the leading insurance companies offering life insurance for people with a DUI is Prudential.

Learn more about Life insurance for people with a DUI

What is the Best Term Life Insurance Policy?

I need a term life insurance policy but I'm not sure which would be the best company for term life coverage.

Finding the best term life insurance company doesn't have to be difficult.

You can compare instant term life insurance rate quotes online from a large network of leading term life carriers. Your quotes will give you the insurer names, financial ratings, and prices you will pay based on your information provided for your quote comparisons.

There's a couple good reasons to compare multiple term life insurance quotes:

1. You get objective life insurance quotes instantly.

2. You get price quotes from many insurers instead of only a few.

There are many insurers and some are more competitive for certain types of risk; such as, diabetics, seniors, young adults, or cigar smokers. That's why you'll want to compare pricing among several highly-rated life insurance companies.

Life Insurance for Seniors with Health Issues

Can a senior citizen with health problems get life insurance?

It depends on your health issues, your age, and the insurance company you apply to for life insurance coverage.

There are life insurance companies offering fully underwritten life insurance plans requiring a medical exam for people who are seniors with health issues.

In addition, there are guaranteed issue life insurance policies available for seniors. These plans do not require any health exams or health questions. And, you cannot be turned down because of your health.

The one catch with guaranteed approval plans is that they have graded benefits the first two years you are insured. That means, you won't have full coverage until after being insured for two years. That's how they can accept everyone who applies.

Some of the leading providers of guaranteed issue no exam life insurance policies for seniors include United of Omaha, MetLife and Colonial Penn, among others.

Here's how you can buy life insurance for seniors with health problems