Archive for the ‘How to Buy Life Insurance’ Category.

10 Huge Health Factors that Spike Life Insurance Premiums

Shopping for life insurance is something that many avoid, due to the combined factors of enormous hassle and a hesitance to contemplate mortality. In addition, pricey premiums can make the task even more daunting. Here are the ten most common health factors that can send your premiums through the roof. Tobacco Use – The use [...]

What is the “Cost Disclosure” of a Life Insurance Contract?

The Department of Insurance requires the insurance companies to provide a cost disclosure form with the life insurance contract. This is the form that outlines all of the costs and fees that the consumer will be paying for the policy. It is meant to give a standardized measure of the insurance coverage. Once the disclosure [...]

Can You Buy Life Insurance as a Gift for Someone Else?

I will admit that it may not be the most common kind of gift; however, life insurance may be one of the most thoughtful gifts that you could give. People ask all the time if you can gift a policy, and the answer is yes. You are giving someone some financial security for themselves and/or [...]

How Do I Find a Good Life Insurance Agent?

In order to find the best life insurance agent there are a few steps you should take. First of all, in addition to using the quote form on top of this site, you should ask around. Getting a referral from someone you know and trust will surely help you find the right agent. If you [...]

What’s the Difference Between “Projected” and “Guaranteed Rates”?

Life insurance is a sales job.  Projections mean nothing.  Guaranteed rates mean everything.  Remember, a projection is just that: a hoped for outcome, not a guaranteed payout to you. Your life insurance company is not necessarily obligated to pay exactly what they say they will on a projection. There are numerous things that can affect [...]

Can I Purchase A New Life Insurance Policy And Cancel My Current Insurance?

Canceling a life insurance policy should only be done, if you can get a new policy that either costs less or better meets your needs and goals. The benefit of purchasing a new policy is that you can often get better rates, even if you are considerably older than when your original policy was purchased, [...]

In What Way Do I Find the Best Value for My Money When Acquiring Life Insurance?

There are several hints and suggestions that will help you get the most for you dollar, the “best deal” for your buck, as some might say, when purchasing life insurance. The most important and key variable in determining the price of your life insurance is your age. This is why you should purchase life insurance [...]

Will My Life Insurance Company Require a Medical Exam?

In general, it will be necessary to undergo a medical exam to obtain full life insurance coverage. In order to properly assess the risk that your policy represents to the company, some basic medical information will be required for actuarial purposes. The insurance company will set your premium rates based on the amount of risk [...]

As I am Disabled, What Are The Life Insurance Riders To Be Paid Attention To?

A life insurance policy can be a very complex legal document, and many times there are elements in it that you may not think to look at. These often ignored side elements are called riders, and there are some of them that you must consider. This is particularly true, if you are disabled. That is [...]

How Do I Go About Determining How Much Life Insurance I Need?

A basic review of your liabilities (e.g. outstanding debts, mortgages) and some general estimates of future family expenses (e.g. college tuition, weddings) can give you a rough idea of how much life insurance coverage you should be holding. However, getting a professional analysis of your financial situation and likely future expenses can provide a much [...]