Buying Life Insurance

What to Expect at a Life Insurance Medical Exam

Life insurance is one of the most affordable ways to protect your family’s financial security. It’s important for all members of the household to have life insurance. Non-working partners benefit from life insurance too. Many people stress over the medical exam that often accompanies the application process for life insurance. Don’t stress. The following guide will help you navigate the life insurance buying process and medical exam. Who Can Get a Life Insurance Policy? Most people between the ages of 18 and 75 are eligible for life insurance. Working with an insurance sales agency, like us at SelectQuote, can help…

Stay-at-Home Parents Need Life Insurance Too

Stay-at-home parents deserve a great big round of applause. From chauffeur to cook, counselor to bookkeeper, they wear many hats. The 16th annual Mom Salary Survey by Salary.com showed moms could hold 20 titles and work more than 90 hours a week as a stay-at-home spouse. While a stay-at-home parent doesn’t see a paycheck roll in each month, their financial contribution to the family is significant. Salary.com calculated the typical stay-at-home mom in the U.S. would earn a salary of $143,102. A handy calculator makes it easy for anyone to determine their stay-at-home paycheck. While Salary.com’s survey may have focused on…

The Buzz on Marijuana and Life Insurance

It’s no surprise that lifestyle matters when it comes to life insurance. Diet, mental and physical health, family medical history, age, gender, and occupation—these are all common factors that impact life insurance rates. What happens when you add marijuana use to the mix? The purpose, the frequency and several other factors related to marijuana use matter more than marijuana itself when it comes to the cost of getting life insurance coverage. To Tell the Truth As far as life insurance applications go, honesty is truly the best policy. Life insurance policies are legal contracts between insurers and the insured. As…

Insurance Protection for College Students

Term life insurance likely isn’t on the radar for college students. They are focused on hanging out with friends, finding an internship and keeping up with social media. After all, they’re young and healthy and any vague thought about an untimely death is scary business and best avoided. Financial experts, on the other hand, advise that term life insurance for college students is extremely important to at least these categories: Students whose parents have co-signed a student loan. Students with a family or financial obligations like a mortgage or other debt. Students with dependent families. The High Cost of Education Consider,…

Questions to Ask When Considering Life Insurance

People often get nervous about shopping for life insurance because it seems complicated. That’s understandable. Sometimes it seems filing taxes may be easier than figuring insurance costs and policy plans. The good news is that there are a lot of sources for helpful tips out there to get you through the process, so do your research. Here are some essential questions you’ll need to consider: Do I Need a Life Insurance Policy? To start, ask yourself a couple questions. 1) Any chance that you’re going to die someday? 2) If you answered yes, are you single with no debts and no…

What You Need to Know About Buying Life Insurance for Grandkids

Becoming a grandparent is an experience like no other. Grandparents are often eager to shower the newest apple of their eye with gifts. More than toys and clothes, grandparents can choose to gift whole life insurance to their grandchildren. It is the gift offering peace of mind and financial benefits throughout the child’s life. What Is Whole Life Insurance? Whole life insurance is a type of permanent life insurance that protects the individual for his or her entire life. As long as the premiums are paid, coverage continues. While the coverage amounts and premiums for whole life insurance can vary…

Take Steps Today to Ensure Your Life Insurance Pays Off

If you have a life insurance policy, you have already taken the first positive step toward protecting your loved ones’ financial futures. September is Life Insurance Awareness Month and the ideal time to take the next steps to ensure that you not only have adequate coverage but that your good intentions will be carried out too. Here are key points you need to know about how to manage life insurance policies and about how insurance is paid out: Check Your Records and Update as Needed Maybe you took out the policy many years ago, during which time your beneficiaries have…

It’s a Wonderful Life … Be Sure It’s Insured

September Is Life Insurance Awareness Month Welcome to Life Insurance Awareness Month (#LIAM17). Every year the non-profit organization Life Happens raises awareness of the importance of life insurance as part of a sound financial plan. Life Insurance Awareness Month is an opportunity to encourage our readers to take stock of their financial needs by protecting loved ones by planning for the future with life insurance. This year, Danica Patrick is back as spokesperson for Life Insurance Awareness Month. Her message encourages people to include financial fitness in their lives. “As a race car driver and athlete, being fit is important…

How Life Insurance Companies Choose Your Term Life Insurance Rate

Life insurance is a cornerstone of any solid personal financial plan, but to most people, there are many mysteries behind the scenes of life insurance. One of those mysteries is how insurance rates are determined. Understanding life insurance rates can help you navigate the many life insurance options and find a company that works with you to get the best rate possible. Understanding the different life insurance rates can help you quickly and easily navigate the many life insurance options available to you and to find a company that works closely with you to get the best rate possible. Insurance…

The Secret History of Life Insurance

With so many people getting life insurance policies over the Internet these days, it’s easy to think of life insurance coverage as a product of the digital age. But did you know that the history of life insurance policies can be traced all the way back to ancient Rome? The concept of life insurance was first introduced by the Roman military leader Caius Marius, who created a “burial club” for his troops around 100 B.C. If a member of the club were to die unexpectedly, other members would pay for his funeral expenses. Because the Romans believed that anyone who…

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