Buying Alabama Life Insurance

How can I buy life insurance in Alabama?

If you live in the state of Alabama, you may purchase life insurance coverage by visiting with a life insurance agent, contacting a life insurance carrier over the phone, or there are even insurers that offer you the option to apply online for a life insurance policy.

Some insurers offer same day life insurance coverage with no health exams required, for healthy individuals who qualify for a policy.

Learn more about how to buy Alabama life insurance coverage.

Finding Term Life Insurance Online

What is term life insurance and how can I find it online?

Term life is temporary protection lasting for up to 30 years.

It pays out a death benefit to your beneficiary if you pass away during the term of your term life policy.

Term life is available online through many of the life insurance websites offering life insurance quotes.

With term life insurance, you can select coverage lasting for a policy term of 10, 15, 20, 25 or 30 years.

You can compare term life pricing by requesting a free term life insurance quote online.

Learn more about finding term life insurance online.

Low Cost Funeral Insurance

Can I get low cost funeral expense insurance?

Actually, the amount you pay for your funeral expenses insurance policy will depend on several factors, including your age, gender and amount of coverage you need.

Also, rates for a funeral policy will vary by life insurance company.

However, one highly-rated insurance carrier offers funeral plans starting as low as $8.80 per month.

The lower the amount of insurance you need, the lower your monthly cost for coverage.

Learn more about how to get low cost funeral expense insurance plans.

Premium for a Term Life Insurance Policy

What is the premium on a term life insurance policy?

The premium, which is the price you pay on a regular basis for your life insurance, depends on several factors including the amount of insurance you need and the rate charged per $1,000 of coverage.

Your rate for life insurance is based on several factors including your age, gender, health, occupation, hobbies, lifestyle, tobacco use, driving record, and height-to-weight ratio, among other things.

The healthier and younger you are when you purchase your life insurance, the lower your rate for coverage.

Here's how to learn more about premiums for term life insurance policies.

Funeral Cost Insurance

Is there funeral cost insurance?

Yes. There are life insurance policies designed to cover the cost of your funeral expenses.

These are usually permanent life insurance policies that provide a limited amount of life insurance protection.

Most funeral policies offer from $3,000 up to $20,000 of insurance coverage.

In addition, many of these plans are Guaranteed Issue, which means you cannot be turned down due to any pre-existing health conditions.

The average cost of a funeral including related expenses is around $7,500.

Here's how to get funeral cost insurance.

Benefits of Burial Insurance

If you are considering the purchase of a burial insurance, you should understand there are several benefits to owning burial coverage.

First, you have peace of mind knowing you have the coverage needed to pay for your final expenses.

Next, you will know you have planned ahead and prepared for the inevitable, showing your loved ones the respect they deserve so they are not left in a difficult position when you die.

And, your family will be better prepared to pay for you funeral and burial since you have provided the funds needed. They will appreciate that you thought enough of them that you didn't put them through any financial difficulties upon your passing.

Learn more about the benefits of burial insurance policies.

Difference Between Permanent Insurance and Term Insurance?

There are several differences between permanent and term insurance policies.

First, a permanent life insurance plans provides lifetime protection, while a term policy offers temporary coverage.

Next, a permanent policy builds cash value inside the policy over time from which you may take a loan, while a term policy has no cash value, just a death benefit.

However, permanent insurance costs up to 5-10 times more for the same amount of life insurance protection compared to term life insurance.

If you need life insurance for a period of 30 years or less, then term life offers a much more affordable policy.

But, if you need life insurance guaranteed to last your entire life, then permanent life insurance may be a good option.

Learn more about the difference between permanent insurance and term insurance.

Getting Burial Insurance Plans

How can I get burial insurance?

You can visit a local life insurance agent, contact insurance companies direct, or visit a life insurance website online that offers burial insurance plans.

Usually, burial insurance is permanent life insurance protection offering a limited amount of coverage - up to $20,000.

These plans are usually offers with Guaranteed Approval, which means if you meet the age requirements, you cannot be turned down due to any health issues.

Learn more about getting burial insurance coverage.

What are Burial Insurance Benefits?

Burial insurance usually refers to a permanent life insurance policy in a small amount that lasts for your entire lifetime, and is meant to cover the cost of burial and funeral expenses.

It's usually purchased with a death benefit in the range of $3,000 to $20,000.

Burial insurance is also referred to as "end of life insurance", "final expense insurance", and "funeral insurance".

The death benefits for burial insurance are low, ranging anywhere between $3,000 up to $20,000 (although some insurers may offer higher limits). 

For example, United of Omaha offers guaranteed issue burial life insurance policies with coverage limits up to $25,000.

After you die, burial life insurance pays the death benefit of your policy directly to your beneficiary who can use the money in any manner, including to pay for the costs related to your final expenses.

Learn more about burial insurance benefits and how they work.

Tips on Term Life Insurance Quotes

What are some tips for comparing quotes on term life insurance coverage?

There are several things you can do to help you compare and save on your term life insurance:

1. Compare pricing from multiple insurance carriers.
2. Compare financial ratings of the insurers you are considering for coverage.
3. Compare pricing for different durations of term coverage - 10, 15, 20, 25 or 30 years.
4. Compare pricing at different limits of coverage.
5. Buying your term life policy while you are young and healthy will save you money.

Learn more about tips for term life insurance quotes.