Term

We often tend to think of a term life insurance policy as being “pure life insurance” – which basically is what it is. As such we might see it as kind of the no-frills policy where there are no extras that can be added to it. That can even be a primary reason why we …

People are sometimes tempted to lie on life insurance applications as a way of either a) increasing the likelihood of the policy being approved, or b) getting a lower premium. Most application lies fall under the category of “the sin of omission” – failing to disclose information that may lead to a negative outcome. We’ve …

Whenever you buy a life insurance policy there has to be an insurable interest between you and the person who’s life you are insuring or designating as a beneficiary. The insurance company will require this interest in order to write the policy, and it is standard throughout the industry. But what is an insurable interest? …

You’ve probably heard the term mortgage life insurance, or simply mortgage insurance, and like many people you probably use them interchangeably. In point of fact, they are actually two very different types of insurance. Mortgage insurance more commonly refers to the coverage that is required by a mortgage lender in order to induce the lender …

That sounds like an insane question to ask on a life insurance site, doesn’t it? But a life insurance site – a responsible one at any rate – is the exact the place it needs to be discussed. Any competent life insurance agent will and should avoid putting you in a position to be over-insured. …

One of the best features of a life insurance policy is that it will pay benefits as soon as the policy is in effect. Some people wonder how an insurance company can pay out a six-figure death benefit after receiving only a few premium payments, but that is actually what they are contractually obligated to …

The operative word in term life insurance is the word “term”. That’s the word that separates term life insurance from permanent life insurance. Your policy will only be in force for a specific amount of time, which is known as the term. So if your insurance policy is term and will not be permanent, what …

A small business needs various types of insurance coverage, prominent among them being business liability insurance, and other types of coverage more directly related to the operation of the business. But life insurance is at least as important. It’s usually more complicated to determine the right amount of life insurance for a small business owner. …

Since we usually associate life insurance with replacing lost income the idea that a homemaker needs life insurance may not seem as important. But when you consider what will be lost upon the death of the homemaker, life insurance and the amount of coverage needed is seriously underrated. Though there may not be a need …

No matter how it may sometimes seem, life insurance premiums aren’t arbitrary. Insurance companies use various criteria to determine what your premiums will be, or if they will even approve you for a policy. There are several factors used to determine your life insurance premiums, including the following: Age Age is probably the single primary …

Many people have a life insurance plan through work as part of their overall employee benefits package. It’s a nice benefit to have, but it’s often considered to be adequate coverage by millions of people who don’t have an accurate picture of what their life insurance needs actually are. The thought is often, I have …

A 2010 study by the Life Insurance and Market Research Association showed that 56% of Americans do not have an individual life insurance policy, and that 30% have no life insurance at all. Worse, those numbers are on the rise. It’s easy to write this dilemma off to a bad economy, or to the rising …

Cheap term life insurance is very easy to find. But is it the right cheap term life? That’s a different story. Fortunately, you don’t have to worry about that either. I’m going to show you how to get that taken care of as well. Where to Shop First, understand that shopping online for term life …

There is a saying that there is nothing more expensive than a cheap haircut.  I know from first-hand experience that this is true.  (I was young and stupid once.  Please….don’t make me go there.)  But I also know from my professional experience that having the wrong kind of term life insurance can land you in …

If you are wondering how much life insurance you need I have some very good news. First, finding the answer is pretty straight forward as you’ll see. Second, by asking this little question you’ve also found the key to saving a lot of money on life insurance. You see exactly what I mean in just …