FAQs

  • Is Banner Life Insurance a Good Company?

    When purchasing life insurance, you want to feel totally confident that you’re choosing the best policy for your needs. With so many different life insurance companies on the market, it can be difficult to determine which one makes the most sense for you. Banner Life Insurance is a company that is part of Legal &… Continue reading →

  • What Does Per Capita Mean in Life Insurance?

    When signing up for a life insurance policy, you’re likely to encounter some words and phrases that are completely new to you. One term you may see is ‘per capita’. This phrase is often used in an economic and social context to mean ‘per person’. This definition still applies to life insurance, but the use… Continue reading →

  • Can You Get Life Insurance With Kidney Disease?

    Life insurance is important for everyone, as it protects your loved ones financially if you pass away. Unfortunately, health conditions can make it more difficult to get life insurance, as someone with health issues poses a statistically higher risk of death than a healthy person. A common health condition that can affect your ability to… Continue reading →

  • How Much Life Insurance Do I Need?

    There are a few ways to figure out how much life insurance you need.  Some are more complicated than others, and some take more factors into consideration than others.  Here we show you the academic way to calculate your need, but also more simple and practical methods.  For the simplest method or estimating how much… Continue reading →

  • Does Your Location Affect Your Life Insurance Premiums or Policy?

    Life insurance is a complicated product, and people are not really sure what affects their policy and prices.  Does the place you live affect your life insurance policy?  What about living in a home or apartment, or a city or suburb, does that affect the price you pay?  Do the demographics of your neighborhood matter? … Continue reading →

  • How Much Do You Get for Selling Your Life Insurance Policy?

    Everyone goes through financial ups and downs in their life, and if you’ve been struggling financially, you may be thinking about selling your life insurance policy. Depending on the type of policy you have, you may be able to sell your policy instead of leaving it to your beneficiaries. The amount of money you’ll get… Continue reading →

  • Will Life Insurance Affect my Stimulus Check?

    Generally speaking, stimulus checks will not be affected by life insurance.  With the economic turmoil created by the 2019 Novel Coronavirus (COV-19), many have lost their jobs and the stock market has taken a huge hit as of this writing at the end of March 2020.  To help stabilize the economy and provide a financial… Continue reading →

  • Can You Buy Life Insurance If You Are Unemployed?

    If you are unemployed you may be wondering if you still qualify for life insurance coverage.  The short answer is yes, even if you are unemployed you can buy life insurance.  The amount that you can purchase may depend upon a number of factors though, including how long you have been unemployed, why you are… Continue reading →

  • Can You Still Buy Life Insurance With Coronavirus?

    The outbreak of the novel Coronavirus (COVID-19) is upending lives in a lot of ways.  Now more than ever, you may be concerned about your safety, providing for your family, and knowing that your family will be taken care of financially if something happens to you.  Life insurance can provide for a family financially if… Continue reading →

  • Does Life Insurance Cover Coronavirus?

    Over the past few months, the coronavirus pandemic has swept the world, leaving people with more questions than answers. While it is scary and unpleasant to think about, the reality is that this novel coronavirus, called COVID-19, has an estimated mortality rate of approximately three percent. This relatively high mortality rate may leave you wondering… Continue reading →

  • What Is LexisNexis in Terms of Life Insurance?

    When shopping for life insurance, you may hear the name LexisNexis thrown around, particularly in reference to LexisNexis reports. If you’ve never purchased life insurance before, you may be confused about what exactly this is and how it affects your insurance. Here’s what you need to know about LexisNexis in relation to life insurance. What… Continue reading →

  • What Does “Per Stirpes” Mean for Life Insurance?

    When applying for a life insurance policy, you may hear a number of legal terms that you’re unfamiliar with. One of these is ‘per stirpes’, which is used to indicate how your death benefit should be redistributed if a beneficiary passes away before the insured. Here’s a look at what this term means and how… Continue reading →

  • What Happens at the End of a Term Life Insurance Policy?

    If you have a term life insurance policy that will expire soon, you may be wondering what will happen to your policy and what you may have for options. Fortunately, if you still need life insurance coverage beyond your policy’s expiration date, you will almost certainly have the ability to continue your coverage. You may… Continue reading →

  • Is Getting Life Insurance Through Costco Good?

    You probably already know Costco as a reliable members-only shopping club that sells groceries and household items at very affordable prices. They have hundreds of locations in the United States, as well as locations in Canada, Mexico, Japan, South Korea, Taiwan, China, the UK, Spain, Iceland, France, and Australia. What you might not know, however,… Continue reading →

  • How Much Does a Million Dollar Life Insurance Policy Cost?

    It can be tricky to find the right amount of coverage when it comes to life insurance. For many people, a million-dollar life insurance policy is a good choice. This policy is enough to cover your funeral expenses, pay off your debts, and potentially support any family members that have been relying on you. However,… Continue reading →

  • What Is the Life Insurance Blood Test? What Do They Look For?

    When you sign up for a life insurance policy, you’re going to be asked to take a medical exam, which includes a blood test in addition to a range of other tests. For many people, taking a blood test can be a little overwhelming, and it helps to be prepared and understand what’s going to… Continue reading →

  • Do I Need Life Insurance if I Have no Debt?

    Being debt-free is something to be hugely proud of, especially in today’s challenging financial climate. Maybe you worked hard to get a scholarship to school or saved up to buy your home outright. If you don’t have debt, you may be wondering if you really need life insurance. After all, one of the biggest reasons… Continue reading →

  • Can Life Insurance Still Be Collected After A Suicide?

    There are a lot more concerns around death than the financial implications, yet it is important to understand them all.  Suicide is a serious matter and the thought of providing for people after committing suicide, or not, may ultimately influence someone’s decision to commit the act or not.  If you or someone that you know… Continue reading →

  • Will Funeral Homes Wait for Life Insurance?

    The period right after the death of a loved one is always a very stressful time. Not only is the loss of a family member or friend emotionally devastating, but it also comes with financial and legal challenges to deal with. One of the most challenging parts of death is planning the funeral. Life insurance… Continue reading →

  • Is the Gerber Grow-Up Plan A Good Option For Your Child?

    The Gerber Grow-Up Plan is a very unique life insurance option that parents can buy for their kids when they are newborns. It has been around for decades, and even if you don’t know much about life insurance, you probably have already heard of this plan. If you are currently expecting or just had a… Continue reading →

  • Should I Set up a 7702 Plan?

    When you’re planning for your financial future, you’ll likely hear many different terms thrown around about different types of accounts and plans. One of the terms you might hear is a 7702 plan. 7702 plans are usually marketed as a way to save for retirement, and while they do have a savings component, they are… Continue reading →

  • Is AIG Good for Life Insurance?

    AIG is one of the many options that you have when it comes to choosing a life insurance plan. AIG is a huge international insurance group, with a customer base of roughly 90 million customers located around the world. With so many different life insurance companies to choose from, you may wonder how AIG stacks… Continue reading →

  • Does Anxiety Affect Life Insurance Approval?

    Anxiety is one of the most common mental health conditions in the world. In fact, statistics indicate that about 18 percent of the adult population in the US has some form of anxiety. If you are one of the many people that struggle with anxiety, you may be wondering if it can affect your life… Continue reading →

  • Does Life Insurance Cover Plane Crashes?

    Although plane crashes are few and far between these days, they are still something that can happen. Whether you fly often or are a pilot yourself, you’ll want to know that your life insurance will cover you if the unthinkable happens. In most cases, your life insurance will cover you if you get into a… Continue reading →

  • Can a Bank Take Life Insurance to Pay for a Mortgage?

    Paying your bills each month can be incredibly stressful, especially in a volatile economic climate. It’s crucial that you pay your mortgage to stay in your house, but there may be some months when it’s just too difficult to make ends meet. If you have a life insurance policy in place, you may wonder if… Continue reading →