• Do You Need Good Credit To Buy Life Insurance?

    Your credit score can affect many of the major purchases you make in life, from renting a home to buying a car – and even buying insurance. Your credit can affect the cost of various types of insurance you buy, but it depends on what type of insurance you’re buying and what company you’re buying… Continue reading

  • What happens if you lie on a life insurance application?

    Before purchasing a life insurance policy, you will need to fill out a lengthy application with the insurance company. This application will cover many different aspects of your life, including your health, your finances and career, and your criminal history, just to name a few things. The life insurance company will use this information to… Continue reading

  • Can you convert permanent life insurance to term life?

    Permanent life insurance policies are intended to provide coverage for as long as you need it, while term life insurance policies are only valid for a specific period of time. While permanent life insurance plans provide more coverage, they also have much more expensive monthly premiums. If you are on a budget and you are… Continue reading

  • What is the most life insurance you can buy?

    We all wonder what will happen after we’re gone, and thinking about this can be quite stressful. Luckily, buying life insurance can give you some peace of mind for when this difficult situation eventually arises. Life insurance gives your family money to use to fund your funeral, pay off your debts, and support their lifestyle,… Continue reading

  • Are you required to make your kids your life insurance beneficiaries?

    Life insurance can be confusing, particularly when it comes to choosing your beneficiary. One of the most common questions about life insurance beneficiaries is whether they have to be your kids, or if you can choose someone else. The short answer is no, you are not required to list your children as your life insurance… Continue reading

  • What is First To Die Life Insurance? Is It Different From Joint Life Insurance?

    When looking at life insurance options for you and your family, you may want to consider getting a policy that covers both you and your spouse. There are many benefits to getting this type of policy, but choosing the right one for your needs can be overwhelming at times. There are a variety of terms… Continue reading

  • Can You Get Life Insurance If You Are HIV Positive?

    Most life insurance companies base their premiums off of how much of a risk they believe you to be. When you have health problems, your premiums are going to be higher – or the company might deny you coverage altogether. This can be very frustrating and concerning if you have a chronic health condition like… Continue reading

  • What’s A Buy/Sell Life Insurance Agreement?

    For many business owners, the company they’ve created is like their child. It’s something they’ve nurtured for years and feel responsible for. And since you wouldn’t leave your child without support if you were to pass away, you don’t want to leave your company high and dry either. One of the ways you can do… Continue reading

  • What Is An Estate Protection Rider?

    When putting together your life insurance plan, there are many ways you can customize it to make it appropriate for your personal situation. One of these is an estate protection rider. An estate protection rider is designed to offset any estate taxes that your family might incur if your life insurance is considered part of… Continue reading

  • Does Your Driving Record Affect Your Life Insurance Premiums?

    When shopping for life insurance, you may be wondering if your driving record and other aspects of your personal history can affect the cost of your premiums. The answer is yes – life insurance companies do look at your driving record when determining your premiums. Their reasoning is that your driving habits indicate how much… Continue reading

  • Can I Buy a Life Insurance Policy For My Grandparents?

    As your grandparents are growing older, you may be wondering if you can purchase a life insurance policy for them. Whether they do not have it themselves or you simply want to add on additional policies, it is important to ensure that they are covered in case they are to pass away. The simple answer… Continue reading

  • What is the Difference Between Voluntary Life Insurance and Standard Term Life?

    Voluntary life insurance is a form of term life insurance that is offered through employers. Employers offer voluntary life insurance to ensure that employees have the opportunity to purchase the amount of insurance needed at a group rate. All groups that offer voluntary life insurance also offer basic term insurance that is normally paid for… Continue reading

  • Is it Smart to Switch Life Insurance Companies Every Couple Years to Take Advantage of Promotional Rates?

    While switching life insurance companies/policies every few years sounds like a good idea, you need to be careful of the misinterpretation of making gains on your life insurance policy and what the actual costs may be. With most situations, there is very little to gain by switching policies frequently, because the increasing costs of the… Continue reading

  • Can Convicted Felons Get Life Insurance?

    Unfortunately, having a criminal record can add an extra challenge to many aspects of life. If you have been convicted or charged with a felony, it could make it very difficult for you to get life insurance. Insurance companies do look at your criminal history, among other things, when you apply for your insurance policy.… Continue reading

  • What Does it Mean When a Life Insurance Policy is “Paid Up”?

    What exactly does it mean when a life insurance policy is considered “paid up”? Is anyone able to have a paid-up life insurance policy and how do you even know if your life insurance policy has a paid-up option? What exactly are some of the benefits of having paid-up life insurance? All of these are… Continue reading

  • Can a Life Insurance Policy be Rolled Into an IRA?

    With life insurance, there are various ways for you to ensure that you provide for your retirement and estate. Having an individual retirement account can provide income, while a life insurance policy can increase the amount of money that you will leave to your loved ones after you pass. With certain life insurance policies, you… Continue reading

  • Can I get Long Term Care Coverage With Life Insurance?

    If you are thinking about taking out a life insurance policy, you might be wondering if it is possible to get long term care coverage tacked onto the policy.  Indeed, it is possible to purchase life insurance with a long term care rider. Unfortunately, the overwhelming majority of Americans will need long term care in… Continue reading

  • Do People Still Buy Life Insurance?

    You’ve probably heard that you should buy a life insurance policy to protect you and your family in case of your unexpected death. However, you’re probably wondering if life insurance is something you really need, or if it’s just an unnecessary expense. Many people are opting out of life insurance these days, opting to spend… Continue reading

  • Can a Life Insurance Policy Ever be Canceled Due to Health Reasons?

    Life insurance policyholders are empowered to cancel their policy at any time for any reason.  Life insurance providers can also cancel a customer’s policy under certain conditions. People often question whether health alterations can lead to a life insurance policy cancellation.  Let’s take a look at the answer to this commonly asked question. Valid Reasons… Continue reading

  • Can Life Insurance Affect Your Credit?

    Life insurance does not directly affect your credit under any circumstances.  Life insurance companies do not report payment history to credit bureaus.  It is not a factor in your score.  While there is not a direct effect, you can leverage a life insurance policy to your benefit in a number of ways to maintain a… Continue reading

  • Can I Get Life Insurance if I am Not a Citizen of the United States?

    If you are a non-U.S. citizen, obtaining life insurance has actually become much easier than it has been in the past. For non-U.S. citizens or foreign nationals, life insurance is within your grasp and there are some steps and factors associated with obtaining it. Within this article, we are going to clarify what is required,… Continue reading

  • If You Don’t Die While Your Life Insurance Policy is in Force, Do you Get a Refund?

    When purchasing a term life insurance policy, you will pay premiums every month in order to make sure that you keep your coverage. As you pay these premiums, you may be curious as to what happens when your policy ends. Once your term is completed, your coverage will end and payments to your insurance company… Continue reading

  • Can a Last Minute Life Insurance Beneficiary Change be Contested?

    Adding a life insurance beneficiary to your policy toward the end of your life is a recipe for disaster.  The addition of a last-minute beneficiary will do more than raise a few eyebrows; the life insurance provider will contest the policy change in an attempt to reduce or even deny a payout. Why a Last-minute… Continue reading

  • Is Life Insurance Part of an Estate?

    People often question whether life insurance is part of an estate and whether it is available to cover a deceased individual’s debts, bills and other financial obligations.  The answer to this question hinges on whether a beneficiary of the life insurance policy was designated at the time of the policy holder’s death. Let’s take a… Continue reading

  • Can you Get Life Insurance if you Have a Mental Illness?

    Obtaining a life insurance policy with a mental illness will entirely depend on the amount of experience that the agent has. Inexperienced agents are likely to say that it’s either impossible or that it’s entirely possible. The answer actually lies between these two extremes, which like any other condition and life insurance, will all depend… Continue reading