Where to find Cheap Funeral Insurance?

Where can I find cheap insurance to cover funeral costs?

There are several good insurance companies that offer funeral expense insurance plans. However, each carrier has their own pricing approach based on your age, gender, the amount of coverage, and a few other factors that go into determining your premium.

However, some insurers offer coverage for funeral insurance starting as low as $8.80 to $10 per month, but this is for the lowest amount of coverage.

You may be able to choose from $3,000 up to $25,000 of funeral life insurance. Some of the leading providers of funeral insurance include United of Omaha, Gerber, AARP/NewYork Life and Colonial Penn.

Here's how to learn more about finding a cheap funeral insurance policy.

Is It More Affordable To Buy Life Insurance When I'm Young?

Your life insurance premiums will increase as your life expectancy decreases. This means the older you get, the more life insurance is going to cost you.

Whether you buy permanent insurance or term life insurance, it will usually cost you less while you're young.

If you're at high risk for a medical condition that might make it too expensive or impossible for you to get insured for life insurance later in life (for example, a family history of cancer), consider buying a life insurance policy while you're still young and in good health.

If you buy term life insurance, ask about a renewability provision. Although your premiums may increase at renewal time because your life expectancy is shorter, you'll be able to renew your life insurance policy without having to prove your insurability again, which means, you won't have to take a physical exam to qualify for the renewal policy.

Keep in mind several factors affect the cost of your life insurance policy, including your current health, whether or not you are a smoker, your lifestyle, occupation and hobbies, and any pre-existing medical conditions.

Here's how you can find affordable life insurance coverage.

Life Insurance That Allows for Payout Before Death

Yes, most life insurance companies provide life insurance policies that can pay benefits that the insured can get enjoy even while he is still living.

This is through a living benefit rider, usually called an ADB or accelerated death benefit rider.

The ADB can be purchased (added) at the time the life insurance policy is issued, or later on during the life of the insurance policy. With this rider, the insured can "advance" his death benefits when he is diagnosed with a terminal or critical illness.

When this happens, the insurance company will pay a portion of the insured's death benefits. The insured can get from 50 to 80 percent of the face amount of the life insurance policy. This is either paid on an installment basis or as a lump sum.

Learn more about an accelerated death benefit for life insurance.

How to get Final Expense Direct?

Can I buy a final expense life insurance plan direct from the carrier?

Actually, it may be much easier than you might expect. You can request a free price quote online and apply for your final expense policy today.

You can choose from $3,000 up to $25,000 of coverage and there's no health exam or health questions asked.

If you're age 45 to 85 you get get guaranteed approval coverage - you cannot be turned down due to any health condition.

Learn more about how to get final expense direct.

Mortgage Credit Life Insurance

What is a mortgage credit life insurance policy?

It's an insurance plan that protects your lender in case you pass away before your home mortgage loan is repaid.

Some lenders may require a home buyer to take our credit life insurance if the home buyer is putting down less than 20% to buy the home and take out the mortgage loan.

Keep in mind, once you have 20% ownership in the home, you may not have to continue carrying the credit life insurance eon your home mortgage.

Learn more about how mortgage credit life insurance works.

No Exam Whole Life Insurance

Can I buy a whole life insurance policy without taking a physical examination?

Yes, there are no exam whole life policies available. However, there may be certain restrictions on who may qualify for coverage. For instance, some insurers have age limitations of 45 to 85. And, the amount of no exam whole life may be limited to around $25,000 depending on the type of policy available.

For example, there is an "A+" rated carrier that offers up to $25,000 of whole life with no exam and no health questions asked. Your approval is guaranteed if you are between the ages of 45-85. This means, you cannot be denied coverage due to any type of health problem. Here's how to buy no exam whole life insurance coverage.

No Physical Exam Life Insurance

How much life insurance can you purchase without taking a physical?

Well, you could buy more than one policy form different carriers, but the largest amount of no exam life insurance I have seen online is $1,000,000 without an exam, if you qualify based on the health questions asked on the application for coverage.

One carrier rated "A++" Superior by AM best offers form $50,000 up to $1,000,000 of no exam life insurance.

You can get an instant price quote, apply online in about 20 minutes, and instantly find out if you qualify for coverage. If approved, you can begin your life insurance policy right away.

Learn more about buying no physical exam life insurance and starting your policy today.

Can I Buy Life Insurance If I Have An Illness?

It can be tricky to find affordable life insurance if you have a pre-existing health condition, especially if it’s serious.

Some life insurance carriers will turn you down flat, while other insurers may exclude the condition.

For example, if you have diabetes, and diabetes is excluded from coverage, the life insurance policy would not pay out if you were to die from the disease. You would, however, be covered if your death was not related to your condition.

There are a number of high risk life insurance carriers that offer life cover to people with pre-existing conditions, but you should be prepared to pay a higher price because of the higher risk of a death claim.

There are also guaranteed approval life insurance plans available for people ages 45 to 85 with no health exam required, no health questions asked, and you cannot be turned down due to any health problems.

What is a Group Life Insurance Plan?

Group life insurance is life Insurance coverage provided for members of a group.

It is most often issued to a group of employees but may be issued to any group provided it is not formed for the purpose of buying life insurance.

The cost of group coverage per member is lower than for individual life insurance policies because administrative expenses per life are decreased, there are certain tax advantages, and measures taken against adverse selection are effective.

Learn more about group life insurance.

Life Insurance - Is There Money Back if You Don't Die?

Well, it depends on the type of life insurance you own.

Permanent life insurance lasts your entire lifetime so you have it until you die, which means you'll get nothing back because you will be dead.

However, term insurance is temporary for a specific number of years and you may outlive the duration of your term life insurance policy.

But, regular term life insurance does not return to you any premiums if you outlive the term of your policy.

There is return of premium term life insurance which does return almost all of your paid premiums if you are alive when your term policy expires.

What if my health fails after I get a life insurance policy, will it be cancelled?

No, your life insurance will not be cancelled after being issued a policy and then developing a health issue.

After your life insurance policy is issued your policy cannot be cancelled by the insurance company if your health deteriorates.

Keep in mind that non-payment of your premiums for life insurance coverage can result in a cancelled policy.

So, make sure to pay your premiums on time. One way to do this is to set up an automatic withdrawal from your checking or savings account to send payment to your insurer when payments are due.

How to get $5,000 of Life Insurance

Is it possible to purchase a $5,000 life insurance policy or is there some minimum amount of coverage?

It depends on the type of life insurance - some term life insurance policies offer a minimum of $50,000, while permanent life insurance may offer as little as $2,000 of life insurance coverage.

For example, if you need a small amount of life insurance to leave to your family to pay for your final expenses you may want around $5,000 to $7,500 or more of coverage.

There are permanent life insurance plans that do offer $5,000 of protection and there's no exam or health questions asked.

In fact, you cannot be turned down for coverage if you meet the age requirements for guaranteed issue life insurance protection.

These plans guarantee your ability to purchase the $5,000 life insurance policy you need.

Can a Person with HIV or AIDS get Life Insurance?

Yes, there are some insurers that offer life insurance to people living with HIV/AIDS.

While the health of the applicant for life insurance coverage does impact approval for a life insurance policy, it is possible for those with serious health issues, including HIV and AIDS, to get the coverage they need to protect themselves and their family members.

While the cost of life insurance coverage for someone with HIV or AIDS is likely to be higher – perhaps significantly higher – than for healthier people of the same age – the coverage is available from a number of life insurance companies.

As with any type of life insurance policy, the key to getting the best deal is to shop around and compare coverage options. Here's how to get life insurance with HIV or AIDS.

What Happens When Term Life Insurance Expires?

If you are considering the purchase of a term life insurance policy you may have some questions about the coverage; such as, what happens when your term life policy ends?

Well, that's a very good question and one everyone should consider when buying term life insurance.

Let's take a look - for instance, if you buy a 20 year term life plan, here's what happens when the 20 year period ends:

If you are still alive, your life insurance coverage will expire with no payout of a death benefit.

However, if you have renewable coverage you may choose to renew your term life policy for another term usually of up to 10 years, without having to take any health exam to qualify for the new policy. But, your renewal policy will have a higher premium based on your age at the time you renew your coverage.

Another option you may have before your term life policy expires is to convert your life insurance into a permanent life insurance policy at a higher premium.

How to find Life Insurance Resources

If you're shopping for a life insurance policy you may have questions and want to learn about your options, what you should know before buying a policy, and where you can find all of the resources you need to assist you in purchasing the right life insurance policy at an affordable price.

Don"t worry, these are common concerns most people have when considering the purchase of a life insurance plan.

And, there is one site that does offer you a comprehensive list of resources for life insurance.

Here's how you can review a list of life insurance resources that will help you learn about life insurance, review plans and compare pricing among leading carriers.

Keep in mind, before choosing your policy you'll want to consider what type of life insurance is right for you, how long you need life insurance, how much life insurance you need, what you can afford to pay each month for coverage, and how to compare the best life insurance companies and rates.

Term Life Insurance Explanation

How much does a term life insurance policy cost?

Term life insurance is the most affordable type of life insurance you can buy for a period of 30 years or less of protection. Your monthly premium payment is based mainly on your personal health history, age, term (duration of policy) and amount of life insurance coverage.

How long does a term life insurance policy last?

Your policy's "term" is the set amount of time (number of years) you have life insurance coverage at the same premium. Typically, a term life policy's term (duration) ranges from 10 to 30 years. However, you may choose term coverage for a period of 10, 15, 20 or 30 years.

What is term life insurance protection?

This is the payment amount your beneficiary will receive if you pass away while your term life insurance policy is "In Force". Your beneficiary can use this death benefit payment from your life insurance policy any way he or she chooses, including to help with housing costs and childcare costs, or other expenses. Typically, this payment is free from federal income tax.

Here's how you can learn more about the advantages of term life insurance.

Will My Life Insurance Premiums Go Up Every Year?

No, your life insurance premiums for a term life policy are guaranteed not to go up during the specified term of your policy as long as premiums are paid according to policy specifications.

So, if you pay your premiums on time, when due, you will keep your term life insurance policy "In Force", until your term expires.

Your premiums on a level term life insurance policy are guaranteed to remain the same for the entire duration of your term, so, if you have a 10 year term policy, your premiums stay level (the same) for the entire 10 year period.

Tips on Mortgage Life Insurance

Are you looking for life insurance to protect your home and family?

If so, you may not be aware that term life insurance could offer you the best option.

Why mortgage term life insurance?

Because, you have the flexibility of choosing the term for your policy from 10, 15, 20 or 30 years.

Mortgage term life policies offer you the maximum amount of protection at the lowest cost. It's the most affordable way to protect your mortgage.

And, you leave the proceeds of your life insurance policy to your family instead of the mortgage lender or bank.

That means, your loved ones can use the money to pay the mortgage, remain in your home, and use the remainder of the life insurance proceeds for anything they choose to spend it on - like college, monthly bills or anything else.

Learn how mortgage term life insurance can help you protect your family, your home, and the future of your loved ones.

Two Ways to Get No Exam Life Insurance

Are you looking for life insurance but don't want to take any health exams?

If so, you may not be aware that you have a couple of different options to choose from for your coverage.

In fact, there's two types of no exam life insurance policies available: Simplified Issue Term Life Insurance and Guaranteed Issue Life Insurance.

A simplified issue policy offers you the option of purchasing quick and easy life insurance protection for your loved ones and start your policy in 1-2 days, rather than 4-6 weeks with a traditional life insurance plan.

With simplified life insurance there's no health exam, but there are some medical questions asked. Some carriers offer up to $400,000 or more of no exam life insurance.

Another option is guaranteed life insurance which means you can't be denied coverage due to any health problems.

However, the amount of life insurance is usually limited to around $25,000 or less. And, there's no health exam or health questions asked. Guaranteed life insurance is available for people between the ages of 45 to 85.

Here's how you can learn more and compare no exam life insurance policies.

There's a Quick Way to find Cheap Life Insurance

Do you want to keep more money in your pocket instead of paying it out to an insurance company? Don't they already make enough money?

Yes, they do. That's why we are going to share with you the secrets to finding the cheapest life insurance policy available.

First, you'll want to consider the following questions:

1. How much life insurance do I need?

2. How much money can I afford to pay for my life insurance?

3. How long (how many years) do I need really need life insurance?

4. What do I want my life insurance to accomplish?

Now that we've got that settled, review your answers to the questions listed above and follow these tips:

1. If you need life insurance fort 30 years or less, choose a term life policy for the period of time you need coverage, from 10 to 30 years. Most term policies offer terms of 10, 15, 20 or 30 years of protection.

2. Compare multiple rate quotes for term insurance from several of the leading insurers, because each company has their own set of guidelines for pricing life insurance policies, and rates do vary by insurer.

3. If you smoke, quit smoking since smokers may pay up to 3 to 5 times more for the same amount of life insurance compared to non-smokers.

4. Choose to pay your premiums once per year (annually) instead of monthly because insurers add a service fee for the cost of processing 12 payments each year instead of just one.

5. Get healthy - If you have high cholesterol or you're overweight start exercising, lose weight and get your cholesterol under control. These health issues will have an impact on the price you pay for life insurance.

Now that you've learned a thing or two about saving on life insurance it's time for you to request your free life insurance quotes to find out how much life insurance may cost and which insurance company offers the best rates for you.

Do Burial Life Insurance Benefits have to be used to pay Burial Expenses?

Most burial insurance policies pay a cash benefit directly to the beneficiaries listed on the insurance policy.

While it is generally accepted the benefits will be used to pay for your funeral and burial costs, there is no one looking over the shoulders of your survivors to make sure that happens.

The money from a burial expense insurance could be spent on other things, which may include your hospital bills, credit card debt, etc.

However, there are some burial policies in which the insurance provider works directly with a funeral home to cover costs. In such a case, all the benefits would go directly to the funeral home.

Get a free burial insurance quote

Can I Get Life Insurance If I Have Bad Health?

Yes. You will pay a somewhat higher premium for your life insurance, but you can get life insurance even if you have poor health.

Because of the current competiveness in the life insurance industry, besides being cheaper, insurance companies are competing to offer affordable life insurance products for people with specific health risks - such as offering reasonable rates to people who smoke or require medications to control cholesterol, blood pressure or other health problems.

And, there are guaranteed approval life insurance plans for people who have been turned down for coverage or find it difficult to get insured.

Here's how to get a free life insurance quote for people with bad health.

How to Prepare for a Life Insurance Medical Exam

When taking a medical exam for life insurance be sure to have the following information with you at the time of your exam:

1. A picture ID.

2. A list of all of your medications and dosages.

3. A list of the names and addresses of your medical professionals, doctors, clinics and hospitals you have visited in the last 10 years.

In addition, make sure to select a time of day for your exam that is most convenient for you and when you have the least amount of stress. Do not exercise the day of your exam.

Make sure you don't drink any alcohol or caffeine the day of your exam and get a good night's sleep the might before your examination.

Here are some more helpful tips to prepare for your life insurance medical exam.

Life Insurance for New Yorkers

Can people living in New York get life insurance quotes online?

Yes, although there are fewer insurers that offer life insurance in the state of New York compared to some other states, you can compare pricing for life insurance if you live in New York.

In fact, you can compare instant New York state life insurance quotes online from a network of leading life insurance carriers.

It only takes a couple of minutes to fill out a short quote request form and then instantly receive the best prices available from 40 highly rated insurance companies.

Comparing life insurance prices online from the convenience of your home is quick and easy, and there's no hassles since you don't have to meet with an insurance salesman to compare rates. Get a free life insurance quote.

Converting a Term Life Insurance Policy to a Permanent Policy

If you decide you want lifetime life insurance coverage, some term life policies allow you to convert your term life insurance into a permanent policy without a medical exam.

Making the decision to convert may save you money versus purchasing a new life insurance policy at the end of your term.

Permanent life insurance builds cash value inside the policy so you can borrow or withdraw this money if you need it.

However, taking a loan or withdrawal from your permanent policy will require repayment of the loan, or it may impact your death benefit.

Get a free life insurance quote.

Will I Qualify for Final Expense Insurance?

Life insurance policies are underwritten, meaning in order to qualify for life insurance coverage the underwriter will consider your age, health, tobacco use and lifestyle, as well as your occupation and any potentially dangerous hobbies or occupations you have.

These life insurance policies often need a thorough medical examination in order for you to qualify for coverage.

Final Expense Life Insurance on the other hand, is very easy to purchase and requires no medical exam or health questions.

In fact, one highly-rated insurance company offers guaranteed approval final expense life insurance for people ages 45 to 85.

Request a free final expense life insurance quote.

What is a Term Insurance Calculator?

If you're shopping for term life insurance you may have heard about term insurance calculators.

A term insurance calculator can be one of two tools you use to shop for life insurance.

A term insurance premium calculator can help you to instantly compare the best term life insurance prices among a network of the leading life insurance companies.

A term insurance needs calculator can help you to figure out how much life insurance you need to properly protect your loved ones based on your personal situation.

Here's how you can use term insurance calculators to help you compare pricing and determine your life insurance needs in just minutes.

How to Get Affordable Life Insurance?

How can I find more affordable life insurance protection?

Life insurance is intended to provided financial security for your loved ones, but many of us on a budget and need to make the most of the money we have. Do, how can you stretch your budget to get the most life insurance for your money?

Buy life insurance now instead of waiting. Premiums for the same coverage generally increase the older you become. And the longer you wait, the more you risk developing a health condition that could increase your premium further, or make you uninsurable.

If you want permanent life insurance but you're on a budget, consider some term life insurance for now. You can save money initially by buying some term life in combination with permanent life. Then later, if your budget increases, consider converting your term life policy to permanent life insurance coverage.

Consider group life insurance offered through your employer. It may be available at a relatively low cost compared to your own individual life insurance policy. But keep in mind that your group life insurance coverage may end or become more expensive when you leave your job or as you get older.

Here's how you can compare affordable life insurance quotes from several of the best insurance companies.

How Often Should I Review My Life Insurance Needs?

Its called life insurance, and life can change quickly which is why you should review your life insurance needs on a regular basis to make sure you have the right amount of protection for your loved ones.

There are several important life events that may give rise to a need to review your life insurance including marriage, divorce, having children, college, buying a new home, getting a new job or promotion - all things that change life circumstances and your need for life insurance.

Because your life insurance needs will change over time, your life insurance plan should be reviewed periodically, at least every 3 to 5 years.

Most life insurance professionals suggest you revaluate your life insurance coverage needs at least once every five years, or when you have a major change in life circumstances.

You can use a life insurance needs calculator to help you easily determine how much life insurance you currently need.

Over 60 Life Insurance

Is there affordable life insurance available for people age 60 and over?

Yes, there are several types of life insurance plans available for people over age 60.

Some are more affordable than others. For instance, term life insurance which offers temporary coverage for a period of 1-30 years, has the lowest cost.

While permanent life insurance will cost you more, but you are guaranteed lifetime protection as long as you keep paying your premiums on time.

There's also guaranteed approval life insurance that costs more but you cannot be turned down due to any health problems you may have.

Here's how you can learn more about Over 60 Life Insurance and compare rates today.

Epilepsy Life Insurance

Can someone living with epilepsy get insured for life insurance?

It depends on the insurance company guidelines for approval, your age, how you manage your epilepsy, how many seizures you have had, date of your last seizure, how often you visit the doctor, and your overall health, among other factors.

There are life insurers who insure epileptics; however, the price you pay for life insurance will be higher than for the standard risk, and the amount of life insurance available from any one insurer may be limited.

Here's how you can learn more about life insurance for people with epilepsy

How to Get a Quote for Term Insurance?

How can I compare prices for term life insurance?

There are a few options you can choose from to compare term life price quotes.

First, you could call up life insurance companies one-by-one and ask for a free quote for life insurance.

A second option would be to contact a local life insurance agent or broker and request an appointment with them to come to your home and review your life insurance needs, and give you a price quote.

However, the third option is the quickest and easiest by far.

Just visit a life insurance quote provider on the internet, fill out a quote request form (which takes about 1 minute or less), and then you instantly receive your free life insurance quote comparisons on your computer screen, tablet, laptop or phone. It couldn't be any easier than that.

Here's how to get a free quote for term insurance and compare the best rates.

Why Should I Choose to Buy Term Life Insurance?

Term life insurance is the easiest life insurance to understand and offers the lowest prices for life insurance.

Term life insurance provides straightforward death benefit protection.

Your term life insurance policy will offer level premiums each year you are insured for your choice of 10, 15, 25 or 30 years during which the premiums are guaranteed not to increase.

As long as you pay your life insurance premiums on time, your insurance company cannot cancel your policy.

If the insured dies during the term of his or her life insurance policy, the death benefits are paid to the beneficiary without any complicated process or rules.

It doesn't get any easier than a term life insurance policy, plus it's the most affordable type of life insurance coverage you can buy.

Here's how you can request and compare instant term life insurance price quotes.

Do Life Insurance Companies Have a Money Back Guarantee?

Yes, life insurance companies will refund any premium deposit you make on a new life insurance policy if you change your mind while your application for life insurance is pending - meaning your policy has not been issued yet.

Also, after you receive your life insurance policy you can have a full refund of any premium paid under a 10 day free look period (which may be longer in some states).

If, for any reason, you decide to cancel your life insurance policy after you paid for the policy, you can do that without any questions asked within 10 days after you have received your insurance policy.

The length of time for a money back guarantee may differ based on the regulations of the state in which you live and applied for life insurance, but 10 days is the most common free look period for life insurance.

Here's how you can compare instant life insurance quotes from top carriers.

Will My Life Insurance Premiums Increase Over the Term of My Policy?

Your life insurance premiums are fixed for the duration of the term and guaranteed not to increase during that period, even if your health changes.

So, if you purchase 15 year level term life insurance policy with annual premiums of $300, you would pay $300 once per year for 15 years to maintain your life insurance protection.

Level term life policies mean you have level premiums and a level amount of life insurance protection for the entire duration of your term.

You may be able to choose coverage for a term of 5, 10, 15, 20, 25 or 30 years when purchasing term life insurance.

Request a Free Life Insurance Quote

How much does term insurance cost?

The cost of a term insurance policy is based on your gender, age, tobacco use, health status and the amount of life insurance coverage you choose.

Try our easy-to-use Needs Assessment Tool to estimate how much coverage you may need before comparing life insurance prices.

Usually, the younger you are when you apply for life insurance, the lower your premium will be so consider locking in a lower rate when you’re younger and healthier, instead of waiting. Studies indicate pricing for life insurance is much lower than most people anticipate.

Compare instant life insurance rate quotes from 40 of the leading life insurance carriers to find out how much term insurance costs.

Beneficiaries for Smoker Life Insurance Policies?

Do beneficiaries who are smokers increase the premiums for a non smoker life insurance policy owner?

No, they do not increase premiums for the policy owner.

The owner of a life insurance policy is the one who has the rights that are stipulated in the life insurance contract. These include the right to name a beneficiary of the life insurance policy.

The person insured by the policy, who is often the owner of the life insurance policy, is the person whose death causes the life insurance carrier to pay out the death claim to the beneficiary of the life insurance policy. The beneficiary can be a person, trust, estate or business.

Get a Free Quote for Life Insurance

What Types of No Exam Life Insurance Policies are Available?

I want to purchase life insurance but I don't want to take any health examination. What types of plans are there to choose from for no exam coverage?

There are a few different types of no exam life insurance policies available, including the following:

Simplified Issue term life insurance usually offers up to $400,000 or less of term life coverage for a period of 10, 15 or 20 years of protection. You may be able to apply for a policy online and start your coverage within 1 to 2 days. There's no health sam but there are some health questions for you to answer, and people age 20 to 65 may qualify for a policy.

Accidental death life insurance covers death by accident only and may offer as much as $1,000,000 of coverage with no exams and no health questions asked.

Guaranteed acceptance life insurance may offer up to $25,000 of coverage with no exams and no health questions asked, and some plans offer guaranteed approval for people age 45 to 85, which means you cannot be turned down due to any health problems.

Here's how you can learn more about no exam life insurance policies.

What is a Waiver of Premium for Life Insurance?

If you are buying a life insurance policy you may want to consider adding a waiver of premium to your life insurance plan.

Why? Because, if you become disabled (ill or injured), your life insurance company will pay your life insurance premiums so you can continue your life insurance policy.

However, there is usually a waiting period for the premiums to be paid by the insurer of six months, but after the waiting period you are reimbursed for the insurance premiums you paid during this time while you were disabled.

Learn more about how a life insurance disability waiver of premium works and why it may be a good idea to add this important coverage to your life insurance policy, especially if you have a high risk occupation or you take part in risky activities or hobbies.

Get a Free Quote for Life Insurance

Do I Need to Get a Medical Exam for Life Insurance?

It depends on the life insurance company requirements, your age and health.

Many life insurance companies now offer non medical life insurance policies for qualified applicants.

You answer a few health questions during a simplified application process and the application may be reviewed by the life insurance company in less than 24 hours. This means, you may get approved for your no exam life insurance policy in less than 24 hours. Once approved, you can start your life insurance coverage.

The older you are, the more health issues you have, or the higher the amount of life insurance of your policy, the more likely you are to be subject to a medical examination requirement.

But, there are no exam life insurance policies for seniors, too. Some senior no exam life insurance plans offer guaranteed acceptance for people age 45 to 85.

Learn more about your options for non medical life insurance coverage.

How Much Does a Life Insurance Policy Cost?

The cost of your life insurance policy will depend on:

1. The type of life insurance policy (Term or Permanent).

2. The amount of life insurance coverage.

3. The length of coverage - how long your life insurance will last.

4. Your personal risk factors, including your age, gender, health, lifestyle, tobacco use, hobbies, occupation, driving record, and height to weight ratio, among other things.

For a life insurance quote estimate use our quick quote tool

What if I already have Life Insurance through my Employer?

Life insurance is offered as a benefit by some employers and is often known as employer prodded group term life insurance.

Make sure a potential payout from your employer provided life insurance would provide the necessary amount of coverage your dependants need and remember that, if you leave or lose the job, the employer provided life insurance protection will end.

That's why it is so important to purchase your own individual life insurance policy separate from the coverage provided by your job.

If you do lose your job or leave your employment, you will keep your own individual life insurance policy which can help guarantee your family financial security in case you pass away.

Learn about the benefits of term life insurance

When Should I Review My Needs for Life Insurance?

It is beneficial for you to review your need for life insurance every few years or when a major life change occurs.

For example, you may want to review your life insurance needs when getting married, expecting a child, buying a new home, starting a new job or getting a promotion, or when a family member passes away.

In addition, it is always important that you have your life insurance policies and other valuable papers in a safe and fire-proof location that can be reached by a family member or trustee in the event of your death.

If your family (beneficiaries) can't find your life insurance policy, or if they don't know that the life insurance policies even exist, it is nearly the same as if your life insurance policy didn’t exist at all.

When reviewing your need for life insurance make sure you use a life insurance need calculator to help you accurately determine the right amount of life insurance for your situation.

Get a Free Quote for Life Insurance

Will a DWI or DUI make me ineligible for life insurance?

That depends on the life insurance company guidelines.

If you had just one DWI or DUI in the past 5 years, most likely only some action will be taken; such as, a higher rate compared to individuals with a good driving records.

Life insurance companies do take DUI's and DWI's them seriously though, and the more recent your conviction or the higher the number of DWI or DUIs you’ve had, the more likely you are to get a price increase or be declined for life insurance coverage.

Prudential even insures people with a DUI for life insurance. However, if you have 2 or more DUI's or DWI's in there last five years, you may find it extremely difficult to get insured for life insurance.

Here's how to get life insurance for people with DUIs

Life Insurance with Online Quote

Can I get an online quote for a life insurance policy?

Yes, you can get online quotes for life insurance coverage.

A life insurance price quote is an indication or estimate of how much a specific type and amount of life insurance may cost you.

By requesting life insurance quote comparisons online you can instantly view the lowest prices for life insurance form several of the leading insurance companies.

Comparing quotes for life insurance online only takes a few minutes, there's no hassles, no delays and no obligation to buy.

You just filk out a short quote request form to receive your instant online quotes for life insurance.

Here's how you can request and compare online life insurance quotes

How do I get the best price on my life insurance policy?

If you need life insurance you may be wondering how to get the very best deal on your coverage.

So, what are some tips for finding the most affordable life insurance plan?

1. Compare pricing from several life insurance carriers - Rates vary by insurance carrier.

2. Choose term life insurance over whole life insurance - Whole life can cost 2-3 time sigher than term life (or more).

3. Determine how much life insurance you really need - Don't buy more life insurance than you need.

4. Buy life insurance while you are young and healthy - Rates are lower the longer your life expectancy.

5. Prepare for your life insurance medical exam - Choose a time of day when you are most relaxed, don't drink alcohol or caffeine the day of your exam.

6. Pay your life insurance premium annually instead of monthly - There may be a fee added to your premium to cover the cost of processing multiple payments each year.

7. Get Healthy - Quit smoking, exercise, lose weight, lower your cholesterol, etc. - The healthier you are, the longer you are expected to live, and the lower your life insurance premium.

Here's how you can instantly compare the best life insurance prices from 40 of the leading life insurance companies.

2 Ways to Buy No Exam Life Insurance

How can I buy life insurance without taking any health exams?

Actually, if you want a no exam life insurance policy there are a couple options you may want to consider:

Simplified Issue Term Life Insurance with no exam offers you a choice of term life insurance for a duration of 10, 15 or 20 years.

There's no health exam required but you will have to answer some health questions which is how the insurer determines if you qualify for coverage. People ages 18 to 65 may qualify for a policy with no exam.

You may choose form $50,000 up to $400,000 of coverage.

Guaranteed issue life insurance offers life insurance with guaranteed approval for people ages 45 to 85.

That's right, you cannot be turned down due to any health problems you may have.

There's no physical exam needed and no questions asked about your health.

Here's how you can learn more about the Two Ways to Buy No Exam Life Insurance.

When Does Life Insurance Coverage Start?

You have the choice of making an initial premium payment with your application for life insurance. If you do so, your life insurance begins on the date of signature on your application, assuming all questions on the application are answered completely.

However, your life insurance coverage is subject to the terms and conditions on the conditional receipt you receive in return for your deposit. If, for some reason, you don’t qualify for the life insurance or you decide not to accept the the life insurance policy, your deposit will be refunded to you.

Most life insurance companies have monthly, quarterly, semi-annual or annual premium payment options available.

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Do I Need A Life Insurance Policy If I'm Single?

While you may not have a spouse or family right now, your situation may change in the future, and you may have a greater financial responsibility.

Also, you may have debts and final expenses that someone will be responsible for when you pass away.

And if you’re a younger single person, there’s a good chance you’re in good health, which typically means lower life insurance rates than you’ll get in the future, especially if you develop a health issue.

You could also take advantage of a whole life insurance policy that can build cash value over the years, from which you may take a loan if needed.

Learn more about life insurance for single people

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What does Life Insurance Cover?

Life insurance can be used to cover a variety of common expenses including:

1. Co-signed debt including student loans
2. Mortgages
3. College expenses for your children
4. Living expenses for your family
5. Stay-at-home labor expenses (cooking, cleaning, errands.)
6. Burial expenses including funeral, casket, memorial service, etc.
7. Loans from family members
8. Estate taxes that your heirs must pay for other assets

Life insurance funds usually go to your beneficiaries free from any federal taxes.

Your beneficiaries can use the proceeds from your life insurance policy for anything they choose to save or spend the money on.

Life insurance can replace your income and help to maintain your family's lifestyle.

Get a Free Quote for Life Insurance

How Do Term Life Insurance Premiums Work?

Do premiums for term life insurance go up or stay the same?

With a term life policy your premiums will either remain the same or increase incrementally, either every 5 or 10 years, or each year, depending on the type of term life insurance policy you buy.

For example, an annually renewable term life plan will have a level premium for one year, and if you choose to renew your policy for another year, the premium increases based on your age at renewal.

There are also term policies that have level premiums for 5 or 10 years, then the premiums increases.

There are also level term life insurance policies with level premiums for the term you choose - either 5, 10, 15, 20, 25 or 30 years.

That's why it's so important to know how long you need life insurance and select a "term" that matches your need. Also, remember that term life may offer renewability so you can renew your coverage for another term when the original policy ends, but your renewal premium will increase, based on your age at the time of your renewal.

Get a Free Quote for Term Life Insurance

Life Insurance Policy Exclusions

Are there exclusions on a life insurance policy?

This is an important question because life insurance has no standard policy, it may vary by insurance carrier.

Life insurance policy terms, prices, and exclusions may vary widely by life insurance company.

But in general, life insurance companies are in the business of offering insurance coverage to as many customers as possible, not turning business away, so they do find ways of providing coverage, but limiting their risk through the use of exclusions, when needed.

Many high risk activities such as scuba diving, race car driving and mountain climbing that might have been excluded in the past are often accepted for an additional premium.

Even people who have some chronic health issues may find life insurance coverage available if they’re willing to pay more.

Most life insurance companies have a suicide exclusion, though, for the first year or two the policy is in force. The length of the suicide exclusion depends on the law in your state.

Learn about life insurance for high risk people.

What is Double Indemnity for Life Insurance?

Double Indemnity refers to a form of accidental death coverage on a life insurance policy.

Typically, an accidental death benefit is provided in an amount equal to the amount of life insurance provided by a life policy.

For example, if the death benefit of your life insurance policy is $100,000, the accidental death benefit would be $200,000.

That's why an accidental death benefit is often referred to as "Double Indemnity."

However, the accidental death benefit is usually only available when you apply for your life insurance policy and is added to the policy by rider for an additional premium.

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Why is Term Life Insurance So Popular?

Term life insurance is generally much less expensive than permanent life insurance and can be easier to understand than other types of life insurance coverage.

Term life is strictly a life insurance policy. It provides pure life insurance protection - there is no investment feature with a term life policy.

On the other hand, permanent life insurance (also called whole life insurance) provides life insurance protection, but also has an investment component that builds cash value inside your policy over time, which may be more than some people need.

So, term life is affordable offering you there most life insurance for your money. And, it's easy to understand, your life insurance coverage lasts for the "term" of your policy.

Term life insurance is flexible to meet your needs. Many term life plans offer coverage for a term of 5, 10, 15, 20, 25 or 30 years to meet your specific personal needs.

Here's how you can learn more about how term insurance coverage works.

Which Life Insurance is Best Term or Whole?

The best type of life insurance for you will depend on your own personal circumstances and what you want your life insurance coverage to accomplish.

If you need the most affordable life insurance which will allow you to purchase the largest amount of protection, then term life insurance is a good option.

If you need life insurance for a period of 30 years or less, then term life insurance is a good option.

If you need life insurance that is guaranteed to last until the end of your life, then whole life insurance is a good option to consider.

Keep in mind, whole life insurance can cost 2-3 times more (at least), compared to term life insurance.

Why is whole life insurance so expensive?

because, whole life is permanent protection for your entire life, and it builds cash value inside your policy over time.

Learn more about whole life insurance versus term life insurance policies.

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Final Expense Insurance for Seniors over 80

Can seniors over age 80 get life insurance to pay for their final expenses?

Yes, there are life insurance companies that offer senior life insurance for people over 80 years old.

In fact, several insurers offer guaranteed issue final expense life insurance, including United of Omaha, Vantis Life and Metlife, among others, but some of these plans are for people up to age 80.

United of Omaha does offer guaranteed approval final expense life insurance for people ages 45 to 85.

You cannot be turned down due to any health issues.

Learn more about final expense insurance for seniors over 80

Can I qualify for a final expense insurance policy if I have health issues?

Final expense life insurance policies are designed to help seniors get insurance to cover their final expenses, including the cost of a funeral and burial related expenses.

It is much easy to qualify for a final expense insurance policy than it is for a traditional life insurance policy, but there are still some health issues that might cause an insurance company to turn down an application.

Final expense insurance is a form of insurance that requires no medical exam, which means there are no health screenings or tests required to qualify.

There are also guaranteed issue final expense policies that guarantee your approval for coverage, but there may be limited benefits the first 2 years you are insured by your policy.

Guaranteed final expense insurance plans mean you cannot be turned down due to any health problems, as long as you meet the age requirements for acceptance. Some carriers guaranteed approval for people 45 to 85 years of age.

Term Life Insurance for How Long?

How long does a term life insurance policy last?

Term life is temporary coverage providing life insurance protection for the "term" of your policy.

You may choose a "term" of 10, 15, 20 or 30 years from most term life companies.

With level term life insurance you have coverage for the term (duration) you choose, and your premiums remain the same each year for the length of your term.

In addition, the amount of life insurance you select will remain level throughout the entire term of your term life policy.

Term life is very popular because it offers the lowest prices on life insurance lasting for 30 years or less.

So, if you are on a budget, need the most life insurance for your money, have a family, own a home, or need to provide protection until the mortgage is paid off or the kids are grown up, term life may offer a good option for life insurance.

Get a Free Term Life Insurance Quote

Fidelity Rapid Decision Life Insurance

What is a Fidelity Rapid Decision Life Insurance Policy?

It's a type of hybrid life insurance plan that combines two types of life insurance policies.

You get term life insurance and accidental death insurance.

With Fidelity's Rapid Decision Life insurance you can buy up to $1,000,000 of life insurance protection online without taking any physical examination.

A portion of your policy will be term life insurance (1/3) while the other part will be accidental death coverage (2/3).

If you choose to take a health exam within a certain period of time, you can get the entire amount of life insurance as term life protection.

Learn more about Fidelity Rapid Decision Life Insurance Coverage and request your free quote today.

Pre-Need Funeral Insurance

Pre need funeral insurance is a single premium life insurance policy, from which the death benefit is used to pay the predetermined expenses of the insured’s funeral.

The funeral home agrees to provide the funeral in exchange for the death benefits form the life insurance policy.

In addition to pre-need funeral plans there are funeral insurance policies that pay your beneficiary (instead of the funeral home) the death benefit from your life insurance policy.

That way, your beneficiary can use the proceeds from your funeral insurance policy to pay for your funeral costs, as well as, anything else, like paying off medical bills, credit cards, house payments, or maybe any other expenses related to your funeral and burial costs.

What is Termfinder?

If you're looking for life insurance on the internet you may have heard about Termfinder.

Termfinder is an online life insurance quote provider which has a network of highly-rated insurance companies.

With Termfinder you can request and compare instant life insurance price comparisons to help you quickly and easily find the most affordable life insurance protection for your family.

Get a Free Quote for Life Insurance

How does it work?

You just visit their site and answer some basic questions to receive your instant quotes for life insurance.

Your life insurance quotes will show you the names of the insurers and their financial strength stings, the prices offered and the amount of coverage quoted.

Termfinder has licensed life insurance representatives who can assist you with the entire process of purchasing your life insurance coverage and answer any questions you may have regarding life insurance.

Here's how you can learn more and request your Termfinder life insurance quotes online.

Universal Life Insurance Explained

While many people like the simplicity and low cost of a term life insurance policy, others are looking for something more that adds additional flexibility and an investment feature.

For many of those life insurance shoppers the answer may be a universal life insurance policy.

Universal life provides a flexible premium and an adjustable death benefit that builds value over time.

The flexibility of the universal life policy means that the policyholder is free to change the amount of life insurance coverage to match his or her needs, making it easy to adjust the life insurance policy as life events change over time.

Learn more and get a quote for universal life insurance

What is the Most Affordable Type of Life Insurance?

While the most affordable type of life insurance coverage will vary from individual to individual, for the most part term life insurance tends to be much less expensive than other popular types of life insurance policies.

Term life insurance is meant to provide a death benefit – and only a death benefit – and it is one of the least complicated types of life insurance policies out there.

Since there is no investment component, meaning no cash value that builds up inside the policy, the insurance premiums tend to be much lower than similar whole life insurance policies, and cost conscious insurance shoppers should definitely take a look at term life.

Compare Term Life Insurance Quotes

You may find that whole life insurance costs at least 2 to 3 times more than the same amount of term life insurance coverage.

However, keep in mind, term life is temporary, for a period of up to 30 years of coverage, while whole life provides lifetime coverage.

If you need the most life insurance, at the lowest price, for up to 30 years, then term life insurance provides the most affordable coverage.

Here's how to compare affordable term life insurance quotes online from leading insurers.

How to Select The Best Life Insurance Company?

How do I choose the right life insurance company?

If you're shopping for the best life insurance company there are several things you'll want to consider.

1. What is the financial strength rating of the insurance company?

2. How long has the insurer been in business?

3. How large is the insurance company?

4. Does the insurer have a history of paying claims in a timely manner?

5. How does the insurer's pricing compare to other insurance companies?

These are just a few of the most important issues to consider when selecting your life insurance company.

Here's a list of factors to consider when choosing a life insurance company.

How Do I Know Which Type of Life Insurance to Buy?

Unfortunately there is no one right answer that applies to everyone in need of life insurance.

The right type of life insurance policy for you will depend on a number of factors, including your age and health, the nature and amount of your household’s living expenses and more.

You'll want to consider the amount of life insurance you need and for what period of time - what are you trying to accomplish with your life insurance? Then, consider how much you can afford to spend on your policy.

It is important for you to consider your own individual circumstances and determine which type of coverage is best suited to meet your needs.

Some people may enjoy the investment element that comes with a whole life insurance policy, while others will opt for less expensive term life insurance. Whole life builds cash value inside the policy over the years you are insured, while term life is pure life insurance protection with no cash value.

Buying life insurance is a serious matter, and it is important to shop around and compare life insurance policies carefully so you find the most affordable plan from a financially secure insurance carrier.

Here's how you can compare term life insurance versus permanent life insurance coverage.

What is the Benefit of a Mortgage Insurance Policy?

The benefit of a mortgage life insurance is that in the event of the death of the policyholder, your family will receive benefits to pay off the mortgage on your home.

By providing your family with mortgage insurance protection you make sure they can remain in the home they shared with you should you die.

In addition, mortgage insurance gives you peace of mind knowing your family will be protected and have a home in case you pass away.

You can choose mortgage insurance for a term (duration) that matches the length of your home mortgage, from 10 to 30 years.

In addition, you'll want to select an amount of mortgage insurance that matches the amount outstanding on your home mortgage loan so enough money is provided to payoff the loan in full.

Learn more about the benefits of mortgage insurance

What does Term Life Insurance Cover?

Term life insurance provides death benefits to the named beneficiaries of your life insurance policyholder. People typically buy a term life insurance policy to cover living expenses for their families, as well as large expenses like a mortgage loan or college tuition, in the event that the insured person passes away during a specified term of up to 30 years. Sometimes people buy just enough term life insurance to cover end of life expenses including burial and funeral costs.

When you buy a term life insurance policy, you select a term (duration), such as 10, 15, 20 or 30 years, and an amount of life insurance coverage, typically ranging from $25,000 up to as much as $1,000,000 dollars or more.

The expenses you want your term life insurance to cover should help you determine the amount of life insurance you purchase. For example, you might want to factor in your family's anticipated future expenses, including:

1. Estimate your family’s annual living costs including housing, insurance, utilities, etc.

2. Add any anticipated costs your family will face in the future. For example, if you know the family car will need to be replaced within a few years, you could add the cost of a new vehicle.

3. Calculate the amount it would cost to pay off your home mortgage loan.

4.If your children are still in school, add the cost of their college education, in addition to the cost of their annual activities including sports and music lessons, etc.

5. You may even want to include the anticipated costs of your children's weddings among major financial expenditures you can foresee in your family's future.

Once you add up the total expenses you want your term life insurance policy to cover, you can then deduct any assets, such as savings and investments, that would also help to cover those costs to help you arrive at an appropriate amount of life insurance needed to adequately protect your family.

Here is a term life insurance needs calculator to assist you in deterring an accurate amount of term life insurance coverage to buy.

Compare Term Life Insurance Quotes

How Do I Know If I Need Life Insurance?

If someone will suffer financially when you die; such as a relative or spouse, chances are you need life insurance.

Ask yourself, if you died tomorrow, how would it affect your loved ones financially, and how would they get by without you?

Life insurance provides a tax-free cash payment to your beneficiaries after your death. They can use this money as they see fit.

If you are older, your focus might be providing money so your funeral and burial costs, medical and credit card bills, taxes, debts, lawyers’ fees and other final expenses won’t be a burden left to your family.

If you are in your working years, you’ll also want to consider how your family would meet ongoing living expenses without your income. Where would the money come from to pay for the rent or your home mortgage, food, clothing, utilities, transportation, healthcare, etc.? Without your financial contribution to the household, would your surviving spouse be able to save enough money to put the kids through college or retire comfortably?

The fact is, the death of a loved one is tragic enough, without being compounded by financial difficulties. Life insurance helps make sure the people you care about will be provided for financially, if you are no longer there to care for them yourself.

Get a Free Life Insurance Quote

Are you Uninsurable for Life Insurance?

Are people ever considered uninsurable by life insurance companies?

Some life insurance companies may rate certain individuals as uninsurable. These are people that the life insurance company believes will probably suffer an early and fairly immediate death, those with a short life expectancy.

However, just because one insurance company deems a person to be uninsurable does not mean that another insurer will decide the same.

Health Classifications vary from life insurance company to company based on different forms of criteria.

If you are denied several life insurance coverage times by several different insurance companies, then you may want to consider investing in a guaranteed issue life insurance policy.

Guaranteed issue life insurance coverage means you cannot be turned down for coverage due to any health problems. As long as you meet the age requirements, you can get insured for life insurance.

Should I Buy Life Insurance for My Child?

Yes, it makes sense to get life insurance coverage for your children in order to guarantee future insurability of your children.

However, a parent should never underinsure himself or his spouse in order to pay life insurance premiums for a a child's life insurance policy.

The first obligation is to purchase enough life insurance to adequately cover the breadwinners of the family.

Child life insurance can provide your child with guaranteed insurability in the future, regardless of health or occupation.

Your child will have life insurance with premiums that remain low for the rest of his or her life.

The child life insurance policy can build cash value and offer an option for your child to increase coverage when reaching adulthood.

Learn more about life insurance for your children and how it works.

What is Burial Insurance?

Burial insurance is a type of life insurance policy people buy to provide funds to pay for the cost of their burial and funeral.

According to the National Association of Funeral directors the average cost of a funeral may exceed $7,500 yet social security only provides $255 for your burial costs.

That means, if you have no money saved to pay for your funeral and burial, your loved ones will have to find a way to come up with the money, creating financial difficulties at a time when they are mourning your loss.

That's why so many people choose to purchase burial insurance which can offer from $2,500 up to $25,000 or more in life insurance protection.

And, with burial insurance coverage there's no health exam required, and you won't have to answer any questions about your health.

You can get insured even if you have health issues, in fact, with guaranteed issue burial insurance you cannot be turned down due to any health problems. As long as you meet the age requirements for approval you can get insured. Some plans offer guaranteed approval for people age 45 to 85.

Learn all about burial life insurance and get a free quote today.

Is Guaranteed Life Insurance Right for You?

Are you considering the purchase of a guaranteed life insurance policy?

If so, you may want to consider the following key issues before making your purchase.

First, guaranteed life insurance offers guaranteed acceptance to anyone who meets the age requirements for approval.

Second, with guaranteed coverage there is no health exam required and no health questions asked.

Third, you cannot be turned down due to any health problems.

So, what's the catch?

Well, to start, there's usually a graded death benefit first two or three years you are insured. This means, if you die, your beneficiary only receives a limited death benefit, not the full coverage amount. That's how they can guarantee your acceptance for coverage.

And, the death benefit may be limited to around $25,000 or less.

And yes, you will pay a higher premium for this type of policy compared to any other traditional life insurance plan.

Here's how you can learn all about guaranteed life insurance to find out if it's right for you.

Fidelity Life Final Expense Insurance

What is Fidelity life final expense insurance?

It's a way to get quick issue life insurance coverage to help pay for your final expenses.

Many people who don't have enough money saved to pay for the cost of their funeral and burial choose to purchase a final expense policy.

Final expense insurance is a quick and easy way to get the life insurance you need at an affordable price.

And, with final expense coverage there's no health examination required. There's even guaranteed issue life insurance coverage without any health questions asked - you cannot be turned down due to any health issues.

Fidelity Life offers some of the most competitive prices on final expense life insurance coverage.

Learn more about fidelity life final expense insurance

Non-Medical Life Insurance

What is a non-medical life insurance policy?

It's a type of life insurance you can buy without having to take any physical exam, blood or urine tests to get approved.

Why are there non-medical life insurance policies?

Because, with the advances in technology and the internet, insurance companies want to make it quicker and easier for consumers to purchase their life insurance.

Who buys no medical life insurance?

Anyone who wants quick life insurance coverage, without having to sit through a high pressure sales pitch from an insurance agent, or maybe you have a fear of needles or blood, or you just need life insurance right away.

Basically, more and more people are choosing to buy their life insurance on the internet because they have busy lives, and they know they need to get life insurance to protect their loved ones.

And, with healthcare being purchased online by more people each day, the purchase purchase of life insurance over the internet is becoming more common.

Here's how you can learn more about non-medical life insurance coverage.

What If I Outlive My Term Life Insurance?

I am buying term life insurance, but what happens at the end of my policy?

A term life insurance policy provides coverage for a set number of years, expiring when the term ends.

So, if you die during your term of coverage, your beneficiary gets the death benefit paid out from your life insurance.

However, if you are alive when your term life insurance expires, your coverage ends.

But, you may choose to renew your term insurance for another term of usually 10 years. The price you pay for the renewal policy will be based on your age at the time you renew your policy.

So, you can choose to renew your coverage for another term, or go without life insurance when your initial term life insurance policy ends.

Get a Free Life Insurance Quote

Can I Own More Than One Life Insurance Policy?

Yes, a person may own more than one life insurance policy.

Insurance companies ask you on the application for coverage if you own life insurance, and if so, how much. They are checking to make sure you are not overinsured for life insurance.

However, insurers do understand that your need for life insurance may change as your financial responsibilities increase over time. For instance, if you get married, buy a home or have children.

Usually, it's okay for you to own 10 to 20 times your annual income in life insurance, and you can have this amount spread over several life insurance policies.

For instance, you may own a small permanent life insurance plan for your final expenses, and a separate larger term life insurance policy for your shorter term needs of 30 years or less.

Here's an article with more information on How many life insurance policies can you own?

Here's how you can compare free life insurance quotes instantly.

Do Life Insurance Policies Pay More for Accidental Deaths?

All life insurance policies will pay their stated death benefit amount in the case of death of the insured person resulting from an accident

However, if you have elected to purchase an Accidental Death Rider, the life insurance policy will pay more than the death benefit, sometimes double or triple the amount of your life insurance coverage amount. This is sometimes referred to as “Double Indemnity” life insurance coverage. Request a free life insurance quote.

These accidental death riders are also sometimes sold as separate life insurance polices known as Accidental Death and Dismemberment Insurance or AD&D.

For the purpose of such life insurance riders or AD&D insurance polices, an accidental death is defined as a death that is neither intentionally caused by a human being, such as a homicide or suicide, nor the result of natural causes such as heart disease or cancer.

There are usually other limitations on accidental death benefits, including but not limited to death during a surgical procedure, or from a bacterial infection, hernia, or an overdose of drugs.

In addition, most accidental death policies or riders do not cover high risk activities such as skydiving, auto racing, or acts of war. And, you may need to die within 6 months (usually) of the accident in order for the accidental death to be covered by the insurance policy.

Learn more about accidental death insurance policies

When is a Good Time to Buy Life Insurance?

When is a good time to buy life insurance or buy more life insurance?

There are several key events in your life insurance that may indicate a need for life insurance or to increase the amount of life insurance you own.

Some major life events that trigger a need for life insurance may include:

1. Getting Married.
2. Starting a Family.
3. Purchasing a New Home.
4. Getting a Promotion at Work.
5. The Death of a Loved One.

These are all events that may occur in your lifetime which may give cause to consider your need for life insurance. Get a free life insurance quote.

If you have anyone who relies on your for financial support, you may have a need for life insurance.

Remember, the cost of life insurance increases as you get older, so if you need life insurance it's better to lock-in a lower rate now while you are young and healthy.

Here are some tips for buying life insurance

How much is Final Expense Life Insurance?

What does it cost to buy a final expense life insurance policy?

The premium charged to insure you for final expense life insurance will depend on a few key factors: Your Age, The Amount of Coverage and Your Gender.

Final expense plans usually offer you anywhere from $2,500 up to $25,000 of life insurance protection to help provide for your final expenses.

An average funeral and burial costs can exceed $7,500 and there may be other debts you leave upon passing, including hospital bills, credit card debt, etc.

Some plans start for as little as $8.80 per month but that's for a small final expense policy.

There are guaranteed approval final expense life insurance policies for people age 45 to 85 - which means if you meet the age requirements you cannot be turned down for a policy due to any health problems.

Here's how to get final expense life insurance quotes online with no obligation.

Does a Term Life Insurance Policy Expire?

There are two ways a term life insurance policy would expire.

Either you are alive at the end of the term for your coverage and the life insurance ends.

Or, you stop paying your life insurance premiums on time and the term life insurance coverage is canceled.

Term life is life insurance for a set period of time, usually from 10 to 30 years.

Some term life policies offer coverage for a term of 1, 5, 10, 15, 20, 25 or 30 years.

If you outlive the duration of your term, your life insurance ends. However, if your policy offers the option of renewability, you may renew your term life plan for another term (usually for a period of 10 years) at an annual premium based on your age at renewal.

Get a Free Life Insurance Quote

Can Life Insurance Companies Drop Cancer Patients?

No, a life insurance company can only void a life insurance policy if there was material misrepresentation on the part of the insured person.

A material misrepresentation of the facts refers to a misstatement on an application for life insurance coverage, of a material fact. A material fact refers to a fact that, had the life insurance company known the truth, the insurer would have either refused to issue the life insurance policy, or would have issued it in a different amount or on different terms; such as, high premiums.

Usually, once a life insurance policy has been "In Force" for two years, the "Incontestability Clause" prevents the insurer from relying upon a misrepresentation of fact to rescind (void) the life insurance policy.

Therefore, once the 2 year period expires, the insurance company is liable on the life insurance policy even if the ultimate cause of death is cancer. That, of course, presumes that the insurance policy is in force at the time of death of the insured person.

Learn about life insurance for cancer patients

How much graded life insurance protection can I buy?

If you're shopping for graded benefit life insurance there are several carriers offering this type of life insurance protection.

Graded benefits are provided by guaranteed acceptance life insurance policies that guarantee your approval for coverage.

Several insurers offer these plans including United of Omaha, Colonial Penn, AARP/New York life and Met Life, among others.

Some insurers offer as much as $25,000 of graded benefit life insurance protection.

And, you may be able to purchase graded life insurance from more than one life insurance carrier.

Here's how to learn more about graded life insurance protection

Why are People Rated or Turned Down for Life Insurance?

If you are ill or have some health risks you may be rated or declined for life insurance coverage.

If someone is at risk for a heart attack he or she would be heavily rated, which means you would pay a lot more for your life insurance compared to someone who has no risk of heart attach.

If someone has Hepatitis, Cancer or AIDS, he or she may be declined, although there are some life insurance companies available that will still issue life insurance policies if the applicant can afford them.

Guaranteed issue life insurance may offer guaranteed approval for people age 45 to 85, which means you cannot be turned down due to any health problems.

Some guaranteed issue plans offer up to $25,000 of life insurance, and you may be able to purchase this type of life insurance from more than one life insurance company.

Here's how to learn more about life insurance for people who have been turned down

How to find an Affordable Life Insurance Plan

How can I find an affordable life insurance policy?

If you need affordable life insurance you may want to consider term insurance.

Why term life insurance? Because it offers the lowest prices on life insurance by far compared to permanent life insurance.

And, term insurance is easy to understand. You select life insurance for a period of 10, 15, 20 or 30 years. If you pass away during that time, your beneficiary gets the death benefit.

Also, there are several ways to save on your policy.

You can compare pricing among several of the best insurance companies, choose to pay your premiums once per year, stop smoking, lose weight, get healthy, and bundle your life insurance with your insurer for your home or auto insurance.

Get a Free Life Insurance Quote

Do I need to have a Medical Exam for Life Insurance?

This is an important question if you are trying to buy a life insurance on your own, not part of an employer-offered group life insurance plan.

Younger people who are in good health and have no pre-existing medical conditions may not need to have a medical examination, but for higher amounts of life insurance coverage and the older you get, many, if not most, insurance companies will require you to take a medical exam which is paid for by the insurer.

However, there are life insurance plans that do not require any health exam. These are usually term life policies offering up to $250,000 of coverage. But, there may be some health questions asked to determine your health.

In addition, there are guaranteed issue life insurance plans which require no health exam and do not ask any questions about your health. You cannot be turned down due to any health condition.

Here's how to learn more about a medical exam for life insurance

Life Insurance Tools

What are some tools I can use to help me find good life insurance coverage at an affordable rate?

There are several life insurance tools available to help you learn about your life insurance needs, find a quality insurer and purchase life insurance at an affordable rate.

A life insurance needs calculator can help you to easily decide how much life insurance coverage you really need. You just answer some questions about your financial situation and instantly receive an accurate estimate of how much life insurance will help provide the protection you need.

A life insurance price calculator will help you to instantly compare the lowest porches for your life insurance coverage from several leading insurers.

And, a list of top life insurance companies will assist you in comparing plans and rates from the best companies for life insurance.

Here is a list of life insurance tools to help you get started.

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Why have life insurance rates fallen in recent years?

People are living longer these days, and living healthier lives due to the advances in health care. This means that the risk is much lower for life insurance carriers and the need to charge higher life insurance rates is less.

In addition, the health criteria to qualify for traditional life insurance plans is much stricter than it used to be in past years.

Depending on the type of life insurance policy you need, many life insurance carriers require you to take a medical exam, which is paid for by the insurer. The medical exam allows underwriters to be better informed about your health and your lifestyle. The healthier you are, the lower the premiums you pay for your life insurance policy.

The internet has also had a big impact on life insurance rates. It has allowed consumers to easily find the lowest price which, in turn, has had an impact on increasing competition, forcing life insurance companies to remain competitive in pricing their plans.

Here's how you can instantly compare the best prices for life insurance from leading insurers.

Smoker Life Insurance FAQ's

Are you a smoker shopping for life insurance coverage?

If so, you may have several questions related to your life insurance coverage.

For instance, do life insurance carriers require a nicotine test?

How do life insurance companies test you for smoking?

Is it possible to get life insurance without taking a smoker's test?

How long does nicotine stay in your system?

There are many questions you may have about your life insurance as a smoker.

Here's how you can review answers to commonly asked questions about smoker life insurance.

Can I Get Life Insurance for My Elderly Parents?

Yes, you can purchase life insurance policies on your elderly parents.

It is possible for an adult child to buy a life insurance policy on his parents.

In fact, many people purchase life insurance on their parents to provide money to pay for their parents final expenses, including the cost of a funeral and burial expenses.

If your parents don't have life insurance, and don't have enough money saved up, it may be a good idea to get life insurance coverage on them to help pay for their final expenses.

The cost of an average funeral and burial related expenses may exceed $8,000 and final expense life insurance plans offer from $2,5000 up to $25,000 of life insurance coverage.

If you are an adult child, you do have insurable interest in your parents, and are eligible to purchase life insurance on your parents.

Learn how to buy life insurance for elderly parents

Do Funeral Insurance Premiums Change?

Once you have purchased your funeral insurance policy, your premiums will remain the same until the benefit is paid out or you discontinue your policy.

Funeral policies and premiums are issued based on your current age and health at the time you purchase your coverage and usually do not change or increase as you get older, or if you get sick or injured.

There may be certain payout restrictions stated in your funeral policy; however, and if you pass away before a certain amount of time you may not receive 100% of your policy.

For example, most funeral expense insurance plans offer guaranteed acceptance, which means you may have graded death benefits the first two years you are insured.

However, these plans will accept anyone who meets the age requirements; such as, people age 45 to 85 will be guaranteed approval for a policy.

Here's how to get a funeral insurance plan.

What is Mortgage Life Insurance and How Does It Work?

Mortgage life insurance is designed to help pay off your outstanding mortgage amount in the event of your death.

If you die during the period of your coverage, your life insurance policy pays out your chosen amount of protection. You choose the amount of life insurance you need and the length of time you want to be insured for.

You may want to choose coverage for a term that is the same as the duration of your mortgage loan, that way you'll have coverage throughout your entire mortgage loan period.

For example, if you have a 20 year mortgage, you'll want mortgage life insurance for a term of 20 years.

Do seniors need life insurance?

Whether or not seniors need life insurance will depend on their specific situation.

Life insurance can help seniors like you to prepare for the future.

While you may not have dependent children at home, a mortgage or other major debt anymore, life insurance can help your spouse or partner with money to pay for your final expenses and their everyday living expenses, if something happens to you.

The benefits paid out to your beneficiaries can be used for any reason, which may include to replace your income, pay off debt, provide for your child or grandchild's college tuition, and provide financial security for your loved ones.

Learn how to compare senior life insurance rates from several of the best life insurance carriers in just a few minutes with no hassles and no obligation. Request a free life insurance quote now.

Why should I get life insurance for my kids?

Simply put, you may want to buy life insurance for your kids to protect their financial future.

By getting life insurance for your children when they’re young, they can benefit from exceptionally low rates that won’t increase as they get older.

Even if your child develops a health condition later in life, they’re still covered.

In addition, child life insurance plans can build cash value and offer additional coverage when your child reaches adulthood.

Here's how to start your child's life insurance policy for just $1

Will my term life insurance premium increase during the length of my policy?

Once you have purchased your term life insurance coverage, your life insurance premium rates will not increase for the duration of your policy term.

So, if you bought a 10 year level term life insurance policy, your premiums will remain the same each year for a period of 10 years.

In addition, the amount of life insurance protection provided by your 10 term life policy remains the same each year for the entire 10 year term of the policy.

Only at the end of the term period you have chosen - 10, 20, 30 years - will your life insurance rate increase, if you choose to renew your policy for another term. At this point you can choose to continue your current coverage, or apply for a new policy if you still need term life insurance.

It is a good idea to periodically review your term life insurance policy and your current life insurance needs. Life changes, such as a bigger family or buying a new house, can dramatically change your life insurance needs. You should think about reviewing your existing term life coverage if any of the following have happened to you since you purchased your policy:

1. Bought a new house.
2. Expanded the size of your family.
3. Got a new job or increased your income (promotion).
4. Started a new business.
5. Gotten married or divorced.
6. Left the workforce in order to raise your family.

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Who can take out a life insurance policy on my life?

Only someone who has an "insurable interest" in you can purchase a life insurance policy on your life.

That means a stranger cannot buy a life insurance policy to insure your life.

People with an insurable interest in you generally include members of your immediate family; such as, your spouse, adult child, or parent.

In some circumstances your employer or business partner might also have an insurable interest in your life.

Insurable interest may also be proper for institutions or people who become your major creditors; such as, a mortgage lender.

Learn more about who can take out a life insurance policy on my life.

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Does it make sense to buy both term life insurance and permanent life insurance?

It really depends on your own personal situation and needs.

It make make perfect sense to buy a term life insurance policy and a permanent life insurance policy it the two policies help you to meet your insurance needs and accomplish your goals.

If you need the most life insurance at the lowest price, for a period of 30 years or less, then a term life policy will help you to accomplish the goal.

And, if you also need guaranteed lifetime life insurance protection, a permanent life insurance policy will accomplish that goal.

It's okay to have more than one life insurance policy if it makes sense to you, and helps you to get the financial security you are looking to provide for your loved ones.

And, even if you buy one life insurance policy now, you may develop a need for a second policy at some point in the future, as your financial responsibilities grow.

Here's how you can learn more about term life insurance and permanent life insurance

Get a free life insurance quote