How Much Life Insurance Can You Buy?

The amount of life insurance coverage you may purchase will depend on your age and your health.

In addition, the total amount of life insurance you already own will affect how much additional life insurance you can buy.

The insurance company doesn't want any insured person to be Over-Insured.

Another factor limiting how much life insurance you can buy is your budget.

You can't buy more life insurance than you can afford.

Learn more about how much life insurance can you buy?

When is a Good Time to Buy Life Insurance?

The best time to buy life insurance protection is when you realize you need it. The younger and healthier you are when you buy a life insurance policy, the lower your cost.

Your life expectancy plays a large role in how you are rated for coverage, so - the longer you are expected to live, the lower your cost for life insurance.

Personal risk factors also impact pricing, including your gender, health, lifestyle, tobacco use, etc.

Many people choose to buy life insurance when they experience a major life event; such as, getting married, starting a family, buying a home, or when a loved one passes away.

Learn more about when it's a good time to buy life insurance.

Does Life Insurance Pay for Accidental Death?

Yes, life insurance will pay a death benefit if the insured person dies due to an accident.

Usually, life insurance covers death from natural causes and accidents.

However, suicide is usually excluded if it occurs within two years (one year in some states) of the date the life insurance coverage started. Yes, a life insurance policy will pay out a death benefit if the insured person dies as a result of an accident.

Learn more about how life insurance works.

Buy Term Life Online Instantly

Can I purchase an instant issue term life insurance policy over the internet?

Yes, if you qualify for coverage, you may purchase and start your life insurance coverage immediately.

However, these plans usually are only available for healthy individuals between the ages of 20 to 60.

The amount of coverage available can vary by insurer from $50,000 up to $2,000,000.

Although there is no physical exam, there will be some health questions for you to answer. Make sure to answer all questions truthfully.

It only takes about 10-15 minutes to apply online for your quick-issue term life insurance plan.

Here's how to buy term life online instantly.

Life Insurance You Can Buy Online

Is there any life insurance plan you can buy online?

Yes, in fact, several life insurance companies offer the option to apply online for life insurance protection.

And, if you qualify, you may be able to start your life insurance policy the same day.

Learn more about life insurance you can buy online.

Can You Buy Life Insurance After Age 80?

Yes, it's possible to purchase life insurance coverage if you are over 80 years old.

However, some insurers may not offer life insurance to people over 80.

In addition, some insurers may only offer guaranteed issue life insurance plans to people over 80.

Guaranteed issue life insurance may be available for people ages 45 to 85.

It guarantees your acceptance for life insurance if you meet the age requirements for approval, and you can pay the premiums.

Learn more about buying life insurance after age 80.

Guaranteed Life Insurance for Seniors over 80

Can seniors over 80 years old get life insurance with guaranteed approval?

Yes. Depending on your age, budget, and the state in which you live, you may be able to get guaranteed issue life insurance if you are over 80 years old.

For example, one highly-rated life insurance carrier offers guaranteed approval life insurance for people ages 45 to 85. Request a free quote.

There's no medical exam required and you won't have to answer any questions about your health.

You can even get insured if you have been denied coverage by other insurance carriers.

Keep in mind, guaranteed life insurance has graded (limited) death benefits the first two years you are insured.

Here's how to buy guaranteed life insurance for seniors over 80 years old.

Why Would You Buy Term Life Insurance?

Are you considering the purchase of term life insurance coverage?

If so, you may want to review some of the most common reasons people choose to buy term life.

Although term life is inexpensive, it does have drawbacks. Term life is temporary and you may outlive your coverage, which means your policy expires with no payout if you are alive when the coverage term ends.

However, permanent life insurance can cost up to 5 to 10 times more than term coverage for the same amount of insurance.

So, if you need life insurance that lasts for a period of 30 years or less, term life may be a good option for you.

There are many reasons to buy term life, including to pay off your mortgage loan, replace your income, or provide for your child's college education.

Learn more about why would you buy term life insurance protection.

How Can I Buy Mortgage Life Insurance?

If you're shopping for a mortgage protection life insurance it may be much easier to get insured than you expected.

In fact, you can compare the lowest rates on mortgage life insurance by requesting free quotes and instantly receiving the best prices on your screen.

There are even mortgage life insurance policies available with no physical exam needed for healthy individuals between the age of 20 to 60.

Some insurers even let you apply online and start your policy today, if you qualify for coverage.

Learn more about how to buy mortgage life insurance.

Life Insurance For Someone Who Has Cancer

Is to possible for someone with cancer to get insured for life insurance?

It depends on your age and budget.

However, there are guaranteed issue life insurance policies available for anyone age 45 to 85 who can afford the premiums charged for coverage.

With guaranteed issue life insurance, if you live in a state where the insurance company offering coverage os licensed to do business and offers the plan, you may get insured, regardless of your health.

Even if you have a chronic health condition, or you have been denied life insurance by other insurers, you may still be able to purchase life insurance with guaranteed approval.

However, keep in mind, these plans may have limited death benefits the first two years you are insured.

Learn more about buying life insurance for someone who has cancer.