It’s virtually an article of faith that whole life insurance is more expensive than term life insurance. But have you ever wondered exactly why that is? The most conventional answer is that whole life insurance policies include an investment provision. But while that is certainly a contributing factor, it’s hardly the only reason. In fact …
Pacemakers are becoming increasingly common, especially as the population is becoming progressively older. The life insurance industry recognizes this trend, and has made adjustments to accommodate the growing number of people who have pacemakers. Don’t assume you can’t get life insurance simply because you have a pacemaker. The technology has improved, and people are now …
It’s virtually a forgone conclusion that smoking has an affect on life insurance premiums. Less well understood however is that virtually any use of tobacco products can affect life insurance coverage. That can include chewing tobacco, sometimes referred to as smokeless tobacco, even though it isn’t burned and inhaled. But there are a whole list …
There’s a lot of debate in the life insurance universe between whole and term, and which is the best type of policy to have. Whole life offers permanent life insurance coverage, plus an investment provision, but it’s way more expensive than term. Term offers the most coverage for the least amount of money, but there …
Strokes claim the lives of over 150,000 people each year, making it the third leading cause of death in the US behind heart disease and cancer. For this reason, stroke can complicate the life insurance application process, making it more expensive at a minimum, or unavailable in a worst-case scenario. What is a Stroke and …
If you’re not familiar with the concept, supplemental life insurance is an additional life insurance coverage over and above your regular basic policy. Such policies are established to cover certain contingencies upon your death. They can be available to cover certain major expenses, and in doing so, they’ll preserve your basic life insurance to cover …
When it comes to life insurance there are all kinds of risks that insurance companies must evaluate in determining whether or not to approve a policy application, or the level of premiums they will charge if they do. Not all of the risk factors connected with life insurance have to do with your health condition, …
Term life insurance is a pretty simple concept. It’s a basic type of coverage, and it contains few bells, whistles, or complications. For that reason, you might drop your guard and make a mistake. In fact, there are at least five mistakes that you can make in connection with purchasing term life insurance. You need to avoid …
In 2011, more than 213,000 patients underwent heart bypass surgery. And while that number has dropped by nearly half from a decade earlier, that’s still a lot of people walking around who have had the procedure. If you are one of them, does that mean that you will not be able to get life insurance? …
Everybody needs to have at least some life insurance coverage, even if you’re single and have no dependents. At a minimum, you should want a coverage to pay for your final expenses and to clean up any lingering obligations so that your loved ones are not burdened with them after your death. And you may …
You can get life insurance and even if you have bipolar disorder, but like any other major risk factor, bipolar disorder comes with special limitations. What is Bipolar Disorder? Bipolar disorder occurs when a person has mood swings that alternate between depression, moments of extreme happiness, and feelings of irritability and anger. According to the …
If you have had life insurance on your college-age children since they were young, this question won’t apply to you. But if you don’t have coverage on them, or if you are contemplating terminating the policies that you have, you may want to give the matter’s more thought. This is especially true since college students …
Barely 20 years ago, not many people had heard of sleep apnea. As word of the condition spread, people often associated it mostly with an annoying snoring habit. But sleep apnea is a lot more than snoring – it’s actually a health-related condition, and one that can be extremely dangerous. For that reason, if you …
Life insurance for a newborn baby is hardly the first thing on the agenda for most parents. But having coverage on a newborn could be important for all of the same reasons that it would be on anyone else in your family. Life insurance for a newborn doesn’t have to be anything the least bit …
As a general rule, if you’re looking to buy life insurance you’re much better off going with term life insurance, rather than whole life. However, should you choose to go with whole life insurance – whatever the reason – one way you can offset a much higher premium cost is by going with a dividend …
Young families may be the most financially stressed group of all. Not only are there a lot of expenses in caring for a family, but there is also the need to acquire the major trappings that will be necessary to do it. This can include purchasing a house, starting a retirement plan, buying a new car – or a …
This is an almost absurd question, isn’t it? After all, pregnancy isn’t a disease or some sort of malfunction, but a perfectly normal way that children are brought into the world. But pregnancy can affect life insurance rates, if only under certain circumstances. It’s best to know when and how, especially if the need for …
Consumers often underestimate the potential to make mistakes when it comes to life insurance. Perhaps is because life insurance is often thought of as a fringe product – something you pay for with whatever is left in your budget at the end of the month. But life insurance is one of those quiet benefits. While …
We’re all familiar with the necessity of having life insurance for our spouse and children. All are dependent upon either our financial support or our direct care. In the event of our deaths, they would suffer hardship, and for that reason we carry life insurance to protect them. But we can also look in the …
When buying life insurance – or any other type of insurance – bundling has become the buzzword of choice. “Bundle” all of your insurance policies – life, homeowners, auto, and business – with the same provider and you’ll save a fortune. Generally speaking, that may be true, at least from a cost standpoint. But it’s …
Tell me that you’ve never experienced this situation…Your cousin gets into the insurance business, and contacts you about taking a life insurance policy through him. It doesn’t necessarily have to be your cousin, it can actually be anybody you’re related to, such as a brother-in-law, an aunt or even a sibling. You may not be …
Unmarried couples living together has become a virtually normal state of affairs in the US in recent years. It has become so common now that financial considerations need to be dealt with that are not at all unlike those faced by married couples. One of them is life insurance. How difficult is it for unmarried …
If you are buying life insurance, there are certain questions that you must ask your life insurance agent. Life insurance is actually more complicated – and certainly more important – than we generally assume. The only way to find the information that you truly need to know is by asking the right questions. Here are six …
These days, everybody is buying everything on the web that they can. After all, that’s where the deals are right? Not necessarily, and certainly not when it comes to life insurance. I’ve had some experience trying to buy life insurance on one of those life insurance comparison websites. Believe me, it’s not all that it’s …