FAQs

  • What Is AG38 And How Does It Affect Life Insurance?

    AG 38 is a document of guidelines drafted by the NAIC in 2013 that addresses whether or not insurers have adequate reserves for certain types of life insurance policies (specifically – universal life insurance policies that offer secondary death benefits to policyholders). If you are confused, don’t worry, below, we will go into further detail… Continue reading →

  • Should You Get Life Insurance Before Getting Pregnant?

    It’s an unfortunate truth in our country that far too few young people consider life insurance before starting a family. Financial planning, in most cases, should begin before the wedding even happens. Unfortunately, most young people have busy lifestyles – with work, friends, extended families, and other responsibilities all taking up the bulk of their… Continue reading →

  • Can Cigar Smokers Find Cheap Life Insurance?

    If you are a cigar aficionado or you like to have the occasionally celebratory cigar, you might run into some issues when it comes to qualifying for life insurance. The reason for this is that the life insurance medical exam tests for nicotine. If you happen to have nicotine in your system from that one… Continue reading →

  • How Do I Make Sure My Life Insurance Company Is In Good Financial Health?

    It can be hard to choose a life insurance company with both good customer service and good financials. It seems that almost every life insurance company simply offers “the lowest rates in the industry” (or so they claim). Given the large number of shady and “scammy” life insurance companies out there, how do you choose… Continue reading →

  • Is My Employer Sponsored Life Insurance Plan Enough?

    Many employers offer life insurance plans to their employees as an added employee benefit. While these plans are nice to have, the coverage offered by them might not be enough. Often times, these plans are very basic and will not offer enough protection for your family and loved ones in the unlikely event you die.… Continue reading →

  • Can You Own Multiple Life Insurance Policies?

    The most common question that people ask when it comes to owning multiple life insurance policies is whether or not it’s legal. I’m happy to tell you that not only is having multiple different life insurance policies perfectly legal, it often times makes a lot of financial sense. Life insurance is built for protection. It… Continue reading →

  • Should You Still Compare Life Insurance Quotes If You Are Working With A Financial Advisor?

    A life insurance agent or financial advisor can be a very valuable tool on the path to financial security and managing your finances.  Many people mistakenly believe that a financial advisor will find them the best deal on life insurance, and this is a mistake.  A financial advisor is interested in selling you the most… Continue reading →

  • What is a Life Insurance Audit?

    A life insurance audit is a thorough and objective evaluation of one’s current life insurance coverage to make sure the policy matched the policyholder’s needs.  The fact is that most life insurance policies aren’t suitable for the policyholders, and most of the time, the policy holder is unaware of this.  According to Ash Brokerage, nearly… Continue reading →

  • What Life Events Should Prompt Me To Buy Life Insurance?

    As you get older, your life insurance needs change. When you’re young, wild, and free, you might not need life insurance. But as your family grows and your responsibilities increase, so might the need for life insurance. On the other hand, if your responsibilities and debts diminish, so might your need to insure your life.… Continue reading →

  • Do I Need Life Insurance If I’m Young And Single?

    If you are young, single, and ready to mingle (or not), life insurance might be the last thing on your mind. First of all, you probably have bills up the wazoo. Secondly, most young people don’t really like thinking about death so soon. Well, young people, its time we had an honest conversation about life… Continue reading →

  • Should My Spouse Also Have Life Insurance?

    At Life Ant, we strongly recommend to most families that they opt to buy life insurance coverage for both partners in a marriage. While the need for life insurance may not seem important, especially to the young and healthy, accidents and tragedies, unfortunately, do occur. In the event of the death of a husband or… Continue reading →

  • What Type Of Life Insurance Is Best For Me?

    There are four distinct types of life insurance (and countless variations of each of the four types).  The best type of life insurance for you depends upon your objectives, but most people will find that term life insurance, or sometimes whole life insurance is most appropriate.  Term life insurance is the least expensive form of… Continue reading →

  • Is Variable Universal Life Insurance Better Than Whole Life Insurance?

    This is a common question for many people who have just visited with a financial advisor who recommended a variable universal life insurance policy.  The answer, unfortunately, is not as straightforward as you may hope, and the real answer is “it depends”.  The simple answer is that in most cases, a traditional whole life insurance… Continue reading →

  • Is It Hard To Get Life Insurance If You Have High Blood Pressure?

    Question – I have high blood pressure. Will my life insurance premiums be more expensive because of that? Answer: One of the most common afflictions that people face is high blood pressure. In fact, there are 10s of millions of people who are diagnosed with high blood pressure. When applying for a life insurance policy, most… Continue reading →

  • How Can Divorce Affect My Life Insurance Policy?

    If you are going through a divorce, one of the things that you may think about is how your divorce can affect your insurance choices such as your health insurance policy and your life insurance policy. You are right to question this as a substantial life change such as a divorce will bring about the… Continue reading →

  • What Is a Waiver of Premium Rider?

    A waiver of premium rider pays all life insurance premiums due if the insured person becomes disabled. A waiver of premium rider is an optional benefit on many term life insurance policies, and may also be available on permanent forms of insurance coverage. This is one of the most popular life insurance riders. The waiver… Continue reading →

  • What is a Guaranteed Insurability Rider?

    A guaranteed insurability rider, also called a GI rider, is a life insurance rider that allows the owner of a life insurance policy to buy additional life insurance with no underwriting.  A rider is an additional benefit to a life insurance policy beyond the death benefit.  Riders are sometimes added at a cost, or sometimes they may… Continue reading →

  • Can I Save Money On Life Insurance If I Quit Smoking?

    Besides the obvious health and quality of life benefits, quitting smoking is also one of the best ways to save money on life insurance.  As anyone who smokes and owns life insurance can attest to, life insurance is extremely expensive for smokers.  So expensive, in fact,  that it can cost about five times more money for… Continue reading →

  • What is Mortgage Life Insurance?

    Mortgage life insurance is a term life insurance policy meant to pay off a mortgage should one or both parties responsible for the mortgage perish.  The death benefit on mortgage life insurance will decrease over time, with the face value always being approximately equal to the payoff amount of the mortgage.  The decreasing death benefit… Continue reading →

  • When Should I Buy Life Insurance?

    The answer from most financial advisers is an emphatic “always” when someone asks them if they should buy life insurance.  While they may be a bit overenthusiastic in their sales recommendations, the truth is that there are many events in a person’s life that will create a need for life insurance. The academic definition of… Continue reading →

  • How to File a Life Insurance Claim

    A life insurance claim is a very easy process to go through from the perspective that they are very easy to file with the insurance company.  Though it can be a very emotional time on a personal level, modern laws and fear of bad press mean that major life insurance companies make the process very… Continue reading →

  • How to Improve Your Life Insurance Rating

    Going through life insurance underwriting can be a daunting prospect for some prospective clients.  You may be nervous, unsure of what to expect, and there is a lot of confusion about what the life insurance company is really doing with all your personal information.  You can take a deep breath and relax.  Life insurance underwriting… Continue reading →

  • Which Agencies Regulate Life Insurance?

    Life insurance can be an expensive investment. Like most prudent investors, you want to make sure your investment is secure. You purchase life insurance to financially protect your loved ones after you pass away. But who protects your investment? Who regulates life insurance companies? Continue reading below to learn everything you need to know about… Continue reading →

  • Does it Matter Which Life Insurance Company I Choose?

    The answer to this depends upon the type of policy you need.  Let’s be honest, most people don’t want or need to speak with their insurance companies on a regular basis.  The most important feature of a life insurance company is being financially able and willing to provide the protection guaranteed in the life insurance… Continue reading →