There are many who wonder if there are limits on the age of someone trying to buy life insurance. They want to know if it is possible for them to get a life insurance policy if they are above a certain age. The reason they may be rejected is clear. If they are getting closer to the average lifespan, then they are expected to have a higher risk of potentially dying. That would not be to the benefit of the life insurance company obviously.
Every company sets their own policy for how to deal with people who are Continue reading
Term life insurance can be a good strategy for life insurance, especially for young people who want a large amount of insurance. However, once the term is up, you can run into problems renewing.
The way term insurance works is that you secure coverage, with a level premium, for a certain number of years, such as 25 or 30. When the term is up, your coverage expires and the term is no longer in force.
One of the advantages of term life insurance is that you can get a lot Continue reading
Whether you want a whole life policy or a term life policy largely depends on where you are in life and your needs for life insurance.
Term life insurance gives you a specific amount of coverage that lasts for a specific period of time, and you pay a level premium the whole time the policy is in force.
For example, a 25-year-old man might get a 30-year 500,000 term policy that costs 1,000 a year. If he dies during the Continue reading
Sometimes family men and women feel like they should save the money that they would like to spend on life insurance because they cannot buy as much as they would like. Keep reading to learn more about why this simply is not true.
If you have a family, it is your responsibility to have as much life insurance as you can afford. If your budget for such things is small, then make sure you have enough life insurance to cover Continue reading
If you do not currently have a life insurance policy in place, then you could very well be putting yourself and your family at first. After all, a life insurance policy is there to protect you in the event that you are unexpectedly injured or even pass away. Without such a policy, your family and loved ones could be left wondering how they are going to pay for your funeral expenses in addition to how they will afford to get by once you are gone. Fortunately, you can avoid putting them in such a situation by taking out a Continue reading