Living Benefits Life Insurance

What are living benefits for life insurance?

It’s benefits from your life insurance policy you can access if you are diagnosed with a terminal illness and have six months or less to live.

Living Benefits allow you to get a portion of your life insurance policy’s death benefits while you are still alive.

You can use the benefits for any purpose you wish, including to pay medical bills or other end of life costs. Usually, living benefits can be added to your policy by rider, with no additional cost for the benefit. Here’s how to learn more about life insurance with living benefits.

Can I Buy Life Insurance on Someone Else?

Is it possible to buy a life insurance policy on someone other than myself?

Yes, in fact, many people choose to buy life insurance on others, including adult children buying life insurance policies on their elderly parents to help pay for final expenses.

However, in order to get life insurance on another you will need an Insurable Interest in the person whose life you wish to insure.

Insurable interest means you either rely on there person for financial support, or you may suffer a financial loss or cost should the person die.

To learn more, read this article: “Can I Buy Life Insurance on Someone Else?“

 

Short Term Life Insurance Quotes?

What are short term life insurance quotes?

They are an estimate of the cost of life insurance for an abbreviated period of time.

Many short term policies may offer life insurance protection for a duration from 6 months to 5 years.

Many people find themselves without life insurance if they lose their job, have no employer-provided benefits, and do not own their own individual life insurance policy outside of work.

That’s when you may find short term life insurance a good option, or if you have a short term loan you need to provide guaranteed protection for.

Here’s how to get short term life insurance quotes online and compare the best pricing from several of the leading insurance carriers.

Can I Buy Life Insurance Online?

That depends on your age, health and some other key risk factors insurers take into consideration when reviewing your application for life insurance.

However, some insurers do offer consumers the option of buying their life insurance coverage direct online.

In fact, you may be able to buy permanent life insurance, term life insurance, simplified issue coverage or a guaranteed approval life insurance policy.

And, keep in mind, you may own more than one life insurance policy.

But, each insurer has their own set of guidelines for acceptance based on the type of policy, amount of coverage, your age, gender, health and other factors.

Here’s how you can review options and find out the answer to your question – Can I Buy Life Insurance Online?

One highly rated life insurance carrier offers up to $1,000,000 of life insurance you can start today, if you qualify.

Can I Buy a $20,000 Life Insurance Policy?

Is it possible to purchase $20,000 of life insurance coverage?

Yes, there are smaller limits of life insurance available, usually through permanent life insurance policies.

Most term life insurance plans offer a minimum of $50,000 of coverage, but simplified issue plans offer as little as $5,000 to $10,000 of coverage.

There are also guaranteed issue whole life insurance plans starting at $3,000 and going up to $25,000 of insurance

Find out how to Buy a $20,000 Life Insurance Policy.

Should I Buy Whole Life Insurance or Term Life?

When it comes to choosing the right type of life insurance policy to purchase you’ll want to ask yourself one question first:

How long do I need life insurance protection?

The answer will help guide you to the right type of life insurance: Term or Whole Life.

If your answer is for a period of 30 years or less, then a term insurance policy will help you accomplish your goal.

If you need lifetime life insurance protection no matter how long you live, a whole life insurance policy may be right for you.

Here’s how you can learn more and answer the question: Should I Buy Whole Life Insurance or Term Life?

Where Can I Buy Life Insurance on My Parents?

Where can an adult child purchase life insurance coverage on his or her senior parents?

When it comes to getting coverage on your parents, you’re not alone. Many people today choose to purchase life insurance on their parents because their parents may not have enough money saved to pay for their own final expenses, or they just don’t have any life insurance to cover those end of life costs.

When shopping for coverage on your parents keep in mind, the insurer may require your parent’s signature on the application for coverage. So, you’ll want to discuss the idea of getting them life insurance with them before applying for a plan.

Adult children do have an “Insurable Interest” in their parents, which is required by insurance companies in order to buy life insurance on another person.

Depending on your parent’s age and health, they may or may not qualify for a standard life insurance policy – but there are guaranteed issue plans available for people ages 45 to 85.

Learn more about Where can I buy life insurance on my parents?

 

Buy Life Insurance with Pre Existing Condition

Is it possible to get insured for life insurance if you have a pre-existing health condition?

Yes, although your age and health condition will factor into whether you are approved, how much you pay, and how much life insurance you may purchase, you may still qualify for a life insurance policy if you have a health condition.

And, even if you have been denied life insurance after applying for a policy, you may purchase “guaranteed issue” coverage which offers smaller life insurance plans with coverage up to $25,000.

Guaranteed plans mean you cannot be turned down due to any health problem. There’s no exam needed and no health questions asked. If you meet the age restrictions for approval, you are guaranteed acceptance.

Learn more about how to buy life insurance with pre-existing conditions.

Life Insurance Quick Quotes

How can I get a quick quote for life insurance coverage online?

It’s simple. You just visit a life insurance website offering price quote comparisons form a network of highly-rated insurance carriers.

Then, just request your free quotes by filling out a quote request form which asks you some basic questions including your age, gender, state of residence, tobacco use, amount of life insurance you need, duration of “term” (10, 15, 20 or 30 years), health, etc.

Then, just click on a button to instantly receive the lowest prices available from several leading life insurance carriers.

Your price quotes are estimates based on the information you provide on the quote request form.

Here’s how to get your life insurance quick quotes now.

Life Insurance No Questions Asked?

Is it possible to get a life insurance policy without heaving to answer any questions about my health?

Yes, these plans are called “guaranteed approval” life insurance policies and they a re available for people who meet specific age requirements which vary depending on the life insurance company offering the coverage.

Some plans may be available for people ages 40-80, 45-75 or 45-85.

No questions asked life insurance means there is no health exam required and no health questions asked. If you meet the age limitations you are guaranteed acceptance for a policy.

However, the amount of life insurance available may be limited to around $25,000 or less.

Learn about about life insurance no questions asked and how it works.