Saturday, April 30, 2016

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.

Tuesday, April 26, 2016

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.

Saturday, April 23, 2016

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.

Tuesday, April 19, 2016

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

Saturday, April 16, 2016

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.

Wednesday, April 13, 2016

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

Saturday, April 9, 2016

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.

Wednesday, April 6, 2016

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

Sunday, April 3, 2016

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

Friday, April 1, 2016

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.