Buying Life Insurance

Tips for Getting the Best Life Insurance Quote for You

When scoping out life insurance options online, you’ll likely find no shortage of options. It’s important to understand the process so you come away with the best, most accurate, quote for your situation. Selecting a Credible Life Insurance Resource Finding an agent that can shop multiple life insurance companies remains key to the buying process. This agent can find the best prices and policies to fit your needs. As with many purchases, this process often begins online. Look for a provider that puts you in contact with an agent for an interactive conversation before providing a quote. While it may…

What is Dependent Life Insurance

No one likes to think about the death of a loved one. Especially a spouse or child. But just as life insurance for yourself protects your family, dependent life insurance alleviates the financial burden of a dependent’s untimely death. Dependent life insurance is often offered as an add-on to your life insurance through an employee benefits plan. You can typically purchase varying amounts of coverage depending on your needs and budget. Who Qualifies as a Dependent for Life Insurance? Dependent life insurance plans typically cover your spouse and dependent children. Spouse. Depending on your plan, a spouse is usually defined…

The Differences Between Term and Whole Life Insurance

Maybe you’ve heard the adage, “life insurance isn’t for you, it’s for your loved ones.” In the event something does happen to you, you want to take care of your family’s needs. Simple enough. And smart. But deciding how best to provide for your family will likely lead you to the term life insurance or whole life insurance fork in the road. At first glance, the paths will look quite different: Term life insurance is the more straight-forward of the two solutions and less expensive. Whole life insurance (the most common form of cash value or permanent life insurance), on…

High Blood Pressure No Barrier to Life Insurance

If you’re among the 75 million Americans – that’s one in every three adults – with high blood pressure, there’s a lot you can do to control it and reduce your risks of heart disease and stroke. Living well with high blood pressure (hypertension) also means you can qualify for life insurance even if you’ve never applied, are middle age or older, or have been turned down previously. Underwriters – the people who review your life insurance application and assess if you’re a good candidate for insurance coverage – look at your overall health and your lifestyle, along with your…

Retaining Life Insurance for Peace of Mind

As a driver and homeowner, you are required to carry home and auto insurance. If all goes well, you’ll never experience a car accident, home invasion or natural disaster that makes that insurance worthwhile. The peace of mind it brings is worth it. And although life insurance isn’t mandatory, it provides an immeasurable benefit to loved ones when we pass away. When we think about family, the real value of life insurance becomes evident. Family Values Every single one of us will face the end of life. When that time comes, what will your life insurance be worth? Not in dollar value,…

Diabetes Dilemma: How to Get the Best Life Insurance

A diabetes diagnosis does not mean it’s impossible to get approved for a life insurance policy. Top insurance companies understand which health factors matter when you have a chronic condition such as diabetes. Here are answers to common questions about life insurance coverage for diabetics: How do Insurance Companies Decide Eligibility for Life Insurance for Diabetics? Your overall current health, your age and your gender all considered in the approval process. You must prove your diabetes has been under control for at least 6 to 12 months, as measured through blood tests. Insurers will also look at your overall health, including…

Think Singles Don’t Need Life Insurance? Think Again

A lot of people assume life insurance is something you don’t need to think about until you’re married or have kids. However, this outdated view doesn’t reflect the responsibilities and relationships experienced by many of today’s single adults. Consider Friends – the iconic sitcom about a group of single twenty-somethings. Each character has good reasons to have life insurance, which we saw as their stories unfolded over 10 seasons. Whether you’re a Monica or a Phoebe, a Chandler or Joey, a Rachel or a Ross, if you’re single, you, too, probably have good reasons to have life insurance. So Many…

4 Reasons to Choose Term Life Insurance

Term life insurance offers one of the simplest ways to protect your loved ones in the event of your passing. It can also provide peace of mind. Mortality cuts well beyond six feet and leaves a trail of expenses and heartache in its wake. Knowing life is short, and may be taken away at any moment, it reinforces the desire to care for loved ones. Term life insurance pays out a guaranteed benefit when you die during a specified period of time. Say, for example, you buy a 30-year term life insurance policy and die before the 30-year timeframe ends, your…

Is Life Insurance Through Work Enough?

Beyond salary or wage, your benefits package stands as one of the great perks of employment. Included in that benefits package, you may find group life insurance. For the first time since 1960, more people are enrolled in group life insurance plans than those with individual coverage. Group life insurance is a great low-cost or free benefit for employees. But does life insurance through work offer enough coverage for your circumstances? For many, life insurance through work would not adequately protect their families. According to Life Happens, many group life insurance plans cover one to two times your salary. In…

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…

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