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

Do I have to Pay for my Life Insurance Medical Exam?

My life insurance application requires that I take a medical exam. Do I have to pay for the exam?

No, you don't have to pay for the medical exam.

The life insurance company pays for the cost of the medical exam.

You schedule your medical exam at your convenience.

The exam is usually done at your home or in your office.

It usually takes about 20 to 30 minutes to complete the exam.

You may want to have your doctor's information available and a list of any prescription medication you take.

Learn more about a life insurance medical exam.

Get a free life insurance quote

Affordable Life Insurance without a Physical

What company offers affordable life insurance with no physical exam required?

There are several highly-rated insurance companies that offer no exam life insurance policies, including National Life Group, Fidelity Life, ANICO and Prudential, among others.

Some insurers offer no exam life insurance for people age 65 or under, but there are health questions for you to answer when you apply for your no exam policy.

Some of the most competitively priced term life policies with no exams are from Fidelity Life and National Life Group.

In addition, there are guaranteed issue life insurance policies with no exams and no health questions asked - your approval is guaranteed - meaning you cannot be turned down due to health problems. Some insurers offer guaranteed approval for people age 45 to 85.

United of Mutual offers guaranteed coverage with rates starting as low as $8.80 per month.

How to Quickly find the Best Life Insurance Quote?

The quickest way to find the best price quote for life insurance is to compare rates for life insurance online from several of the leading life insurance carriers in America.

You can compare instant quotes on life insurance by visiting a life insurance quote provider and requesting a free quote comparison.

You just fill out a short quote request form and you'll instantly see the best prices on your screen.

Your quotes will provide you with the names of the insurers, their financial ratings, the prices offered and the amount of life insurance quoted.

You can compare prices on life insurance at various amounts of coverage and there's no obligation to buy a policy.

You can compare your free quotes anytime of the day or night from the convenience of your home.

Here's how to quickly find the best life insurance quote

Term Insurance with Return of Premium?

What is term insurance with return of premiums?

Term insurance is a type of life insurance providing temporary coverage for up to 30 years.

A return of premium term insurance plan returns most of the premiums you paid for your policy, if you outlive the term of your coverage.

So, if you buy a 30 year ROP (return of premium) term life policy, and you are alive after the 30 year period, you'll get back most of the premiums you paid for your life insurance policy over the 30 years.

But, ROP term policies charge a higher premium each year than term life insurance that does not return your premiums.

So, you're betting that you'll outlive the term of your policy and get your money back; otherwise, you would buy the regular term life insurance and pay a lower premium each year for your coverage.

Can a Life Insurance Company Cancel Term Life Insurance?

A term life insurance policy will stay "In Force" as long as you continue to pay the premiums due for your policy.

If you miss a premium due date you may have a 31 day grace period to pay the premium due.

Your life insurance policy will remain "In Force" during the grace period.

An individual term life insurance policy can be canceled by the insurer only for non-payment of premium due.

If you do not pay the overdue premium payment within the grace period your term life policy will terminate.

The term life policy cannot be canceled by the insurer due to a change in your health status.

How to find a Good, Reliable Life Insurance Company?

When it comes to buying a life insurance policy you'll want to find a good life insurance carrier that offers affordable coverage.

There are several ways to go about this - You could ask friends and family members for a recommendation and their experience with their own life insurance companies.

In addition, you could contact a local life insurance agent or broker and meet with him or her to discuss your options.

You could also review a list of the top life insurance companies to get a better understanding of which insurers are considered the best for life insurance.

Make sure you consider the financial rating of the insurers - this is an indication of the insurer's ability to pay their claims and meet their financial obligations. The hi her the financial rating, the more financially secure the insurance company.

Make sure to compare pricing from several of the best life insurance companies, because each insurer has their own pricing approach. By comparing prices among top insurers you may save quite a bit of money per year on your life insurance policy.

Do I Have to Pass a Medical Exam to Get Covered for Life Insurance?

No, you don't have to take or pass a medical exam for all life insurance plans. There are life insurance policies that do not require you to take a medical exam.

Some insurance companies offer no exam policies that allow you to apply for and purchase life insurance with just a few health questions asked, and no exam required.

And, there are guaranteed issue life insurance policies which do not require a health exam, and there's no health questions asked. You cannot be turned down due to any health problems.

You may pay a higher premium and receive a lower death benefit if you do not take a medical exam.

If you do take a health exam it can help you qualify for better rates and a higher amount of life insurance coverage.

But, it's nice to know there are life insurance plans that do not require a health exam, because about 10% of the population has a fear of needles or blood, and with no exam required, there's no blood test, no needles and no testing.

And, no exam life insurance plans may allow you to buy your policy online and start your coverage today, instead of waiting up to 4 to 6 weeks to get insured.

Here's how to learn more about buying life insurance with no medical exam required.

Money Back Life Insurance

Is there life insurance that gives you your money back?

Yes, it's called "Return of Premium" term life insurance.

With return of premium term life you pay your premiums monthly or annually for the entire duration of your term policy, which is usually for a period of 10, 15, 20 or 30 years.

If you outlive the term of your policy, you get back almost all of the premiums paid for your life insurance coverage.

The insurance company keeps some of the premiums to cover their costs, and they generate a profit by having invested the premiums you paid them over the years of your term life policy.

Although return premium term life insurance charges higher premiums than regular term life policies, you do get back most of your money if you live beyond the term of your life insurance, so it can cost you a lot less than regular term life insurance.

How do I decide the number of years (term) to choose for my life insurance policy?

Choosing the duration of your term life policy with an initial rate guarantee is easy.

You just match the period of time you'll need life insurance protection to the duration of the initial rate guarantee period.

For example, if you're youngest child is 5 and you need life insurance until your kids are grown and on their own, you'll want to choose a term life policy with coverage for a term of at least 20 years.

Or, if you have a 30 year mortgage and want protection until the mortgage loan is fully paid off, you'll want a term of 30 years.

Learn more about how term life policies work