What is the Best Mortgage Life Insurance?

I bought a new home and want to find life insurance to protect my mortgage loan in case I die.

What is the best mortgage life insurance?

When choosing a plan for mortgage protection you'll want to consider term life insurance which offers you the most protection at the lowest cost for a duration of up to 30 years.

You can select the amount of coverage you need to pay off your mortgage, and the term (duration) to match your mortgage loan which is usually 15, 20 or 30 years.

Here's how to learn more about finding the best mortgage life insurance plan.

Best Life Insurance to Cover Funeral Expenses

I need life insurance for my funeral expenses, which is the best type to get?

There are guaranteed issue life insurance plans available that guaranteed approval for people ages 45 to 85, and provide permanent life insurance that lasts your entire lifetime.

With guaranteed plans you won't have to take any health exam, or answer any questions about your health.

That means, you cannot be turned down for coverage due to any pre-existing health condition.

As long as you meet the age requirements you are guaranteed approval for a policy.

Learn more about the best life insurance to cover funeral expenses.

Can I Buy Life Insurance on Myself?

Yes, you can buy a life insurance policy on yourself, which would name you as the insured, and you would select someone else to be the beneficiary of the policy.

The beneficiary is the person who receives the proceeds from your life insurance when you die.

This is the most common way to buy life insurance - buying coverage on yourself.

There are many common reasons someone would choose to purchase life insurance including to replace income, pay off mortgage, provide for spouse's retirement, etc.

Learn more about buying life insurance on yourself.

What is the Best Life Insurance Term or Whole?

When purchasing a life insurance plan it’s important that you consider what type of coverage may provide you and your loved ones with the protection you need at the most affordable price.

How Do You Choose the Right Type of Life Insurance Plan?

First, you’ll want to consider a few important issues:

Length of Coverage – How long you need life insurance protection to last.

Cost – What you can afford to spend each month.

Amount of Insurance – How much life insurance will meet your current and future needs.

Learn more about deciding whether term or whole life is the best life insurance coverage.

What is the Best Guaranteed Acceptance Life Insurance?

Have you been turned down for life insurance?

Whether you are over 70, have health issues or have been denied coverage, you may be searching for a guaranteed approval life insurance plan.

But, which is the best insurance carrier for guaranteed life insurance?

There are several highly-rated insurance companies to choose from for your guaranteed issue life insurance policy including United of Omaha, Gerber Life, MetLife, and AARP/NewYork Life, among others.

For example, United of Omaha Life Insurance offers guaranteed issue coverage for people age 45 to 85. You can select from $3,000 up to $25,000 of protection.

You won't have to take any medical exam or answer any questions about your health. And, rates start as low as $8.80 per month.

Here's how to learn more about finding the best guaranteed approval life insurance plan.

Which is the Best Life Insurance Company in the USA?

I want to buy life insurance from a top-rated insurer, but which are the best life insurance carriers?

When it comes to finding the best company for life insurance you may want to consider some of the most well-known, highly-respected life insurance companies which including Prudential, MetLife, New York Life, Northwestern Mutual and Mass Mutual, among others.

When selecting a life insurer make sure you take into consideration how long the company has been in business, the reputation of the insurer, total assets, number of policyholders, and financial strength rating.

In addition, you'll want to compare pricing among the best life insurers to assist you in finding the most affordable policy.

Here is a list of the 10 best life insurance companies in the USA.

How Much Burial Insurance Do I Need?

If your planning for your final expenses you may be wondering how much insurance you need to pay for your funeral and burial costs.

On average, according to a survey from the National Funeral Director's Association, the average cost of funeral and burial expenses can be as much as $8,500 when you take into consideration the cost of a burial, casket, flowers, memorial, vault and other related expenses.

There are burial insurance plans offering from $2,500 up to $25,000 or more depending on the insurance company.

And, these plans may offer guaranteed approval, which means you cannot be denied coverage if you meet the age requirements.

Learn more about how much burial insurance you need.

Life Insurance for Burial Expenses

Is there life insurance I can buy to help pay for my burial and funeral expenses?

Yes, there are small life insurance plans that offer up to $25,000 of life insurance that can assist your loved one sin having the funds needed to cover the cost of your burial and funeral.

Depending on your burial and funeral, the average cost may be as high as $7,700 or more.

If you don't have enough saved, your family may be stuck covering these final expenses.

With life insurance for burial expenses you can get the coverage you need without having to take any health exam or answer any questions about your health. And, there are plans that offer guaranteed approval, so you cannot be turned down.

Term Life Insurance Conversion to Whole Life Insurance?

Can I convert my term life insurance policy into a permanent life insurance plan?

Yes, if you have a convertible term life insurance policy it offers the option to convert your coverage to permanent life insurance, if requested by a specific date stated in your life insurance contract.

In order to convert your coverage you will need to contact your life insurance company (or agent) and request in writing the conversion of your life insurance policy to permanent coverage.

The premium you pay for your permanent coverage will be much higher than you paid for temporary (term) life insurance, and will be based on your age at time of conversion.

Learn more about converting term life to whole life.

Term Life vs Accidental Death Insurance

How does term insurance compare to accidental death insurance coverage?

Term life and accidental death are two different types of life insurance policies.

Term insurance pays out a death benefit if you die from an accident or natural causes.

Whereas, accidental death policies only pay out a death benefit if the insured person dies as a result of an accident.

And, the insured must die usually within 3 months of the accident in order for accidental death to pay out a death benefit.

Learn more about term life versus accidental death coverage.