Do Insurance Companies Drug Test?

Actually, if you are applying for a life insurance policy, it is standard that you would take a medical exam and drug testing of your blood or urine.

Insurers drug test to make sure you have been honest when answering the questions on the app verify your health.

Some insurers may decline you, or charge a higher rate if you take drugs.

Also, they want to check on whether you have a drug problem, or take drugs on a regular basis, both legal and illegal drugs.

Learn more about life insurance companies and drug testing.

Can I Buy Burial Insurance on My Aunt?

Yes, you may be able to purchase burial insurance on your aunt.

However, in order to buy life insurance on someone else, you need an Insurable Interest in the person you wish to insure.

If you rely on your aunt for financial support, she owes you money, or you would suffer a financial loss should she die, then you have an insurable interest in her, and you may purchase life insurance on your aunt.

Learn how to buy a burial insurance on your aunt.

30 Year Level Term Insurance Policy

What is a 30 year level term life insurance plan?

It's a type of life insurance providing temporary coverage which lasts for a period of thirty years.

The amount of life insurance never increases or decreases during the policy term, and the premiums you pay remain level (the same) for the entire 30 years of your life insurance coverage.

Learn more about how a 30 year level term insurance policy works.

Term Life Insurance Things to Know

If you're considering the purchase of a term life insurance policy, there are some things you should probably know before making your purchase.

For instance, did you know that term life is temporary life insurance? That's right. Which means, you may outlive the duration of your life insurance policy.

And, term life offers several different "term" options so you can choose coverage to meet your specific needs; for example, coverage for a term of 10, 15, 20, 25 or 30 years.

The longer your policy term, the higher your annual cost of term life insurance.

Learn more things to know about term life insurance coverage.

Term Life Insurance Monthly Cost?

What is the monthly cost for term life insurance?

The quickest and easiest way for you to find out how much term life will cost you monthly is to compare term life insurance quotes online.

The price you pay for a term policy will depend on your age, gender and health. As well as, your occupation, hobbies, tobacco use, lifestyle, driving record, height-to-weight ratio and family health history.

In addition, the duration of your term life coverage (Term) and amount of life insurance will impact your price for coverage.

However, keep in mind, annual premium payments can save you money instead of paying monthly, since there is a service fee added for the additional processing of more payments.

Learn more about the monthly cost of term life insurance coverage.

Life Insurance Policy with No Waiting Period

Can I purchase a life insurance policy without a waiting period?

Yes, most life insurers offer immediate coverage upon approval and receipt of your first month's premium.

However, some insurers even allow you to apply online for a policy and begin your life insurance coverage the same day, if you qualify.

That means, no waiting to take a medical exam, because there is no exam.

And, no waiting to get approved by the insurer because some insurers offer same day approval.

Also, these quick issue policies come with a free look period (usually 15-30 days), so you can get your money back if you decide you do not want the policy.

Here's how to buy a life insurance policy with no waiting period.

How Does Guaranteed Life Insurance Work?

Guaranteed life insurance is a type of life insurance plan that guarantees your approval for coverage - even if you have health issues or have been turned down for coverage by other life insurers.

If you meet the age requirements for acceptance you are guaranteed approval - and there's no health exams of health questions for you to answer.

However, the amount of coverage available is usually limited to around $20,000.

Here's how to learn more about how guaranteed life insurance works.

How to Get the Lowest Term Life Insurance Rates?

If you want to find the best rates on term life insurance you'll want to follow a few helpful tips to assist you in lowering the cost of your policy.

1. Consider annual premiums payments which cost less overall than monthly payments.

2. Compare pricing among several of the leading life insurance carriers.Make sure you don't buy more life insurance than you really need.

3. Select the proper term (duration) of coverage that meets your specific needs.

4. Buy life insurance while you are young and healthy, it costs a lot less than waiting until you are older and have health issues.

Learn more about how to get the lowest rates on term life insurance.

$20,000 of Final Expense Insurance with No Questions Asked

Can I buy $20,000 of life insurance with no questions asked to cover my final expenses?

Yes, there are final expense life insurance policies available that offer from $3,000 up to $25,000 of coverage.

These plans are Guaranteed Issue, which means you are guaranteed approval for a policy if you meet the age requirements.

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

Here's how to get $20,000 of final expense insurance with no health questions asked.

Can Term Life Insurance Premiums Increase?

Whether or not term premiums increase will depend on the type of term life policy you own.

Some term life plans stay level for the life of your coverage.

While others may increase after a certain number of years.

Level term life insurance, which is the most popular type of term policy, provides coverage with premiums that stay the same for the duration of your policy term.

Learn more about term life insurance premiums and if they increase.