Tag Archives: Term

The Inherent Features and Attributes of Instant Term Life Insurance

Life insurance plays a vital part in your long term financial planning. It acts not only as a back up in case of contingencies but also protects the family in case the primary bread winner of the family passes away. Life insurance can replace that person’s salary. One can also plan the expenses for their burial with the help of life insurance. A partner’s interest or shares in a business can be bought out. Life insurance can provide for children’s college education and take care of the home mortgage, utility and hospital bills. In a nutshell, life insurance is the buffer when a family faces financial crisis. This crisis can unexpectedly and suddenly strike any family in the form of the passing away of the main earner or his or her getting disabled and unable to work.

Life insurance chiefly comes in two types: term life insurance and permanent life insurance. Temporary life insurance policies are meant to last for a certain term only and have to be renewed or converted to a permanent policy if one wishes to continue with it. Permanent life insurance is of two types: universal life and whole life. These policies accumulate cash worth and give off dividends as well and so they are also a type of investment. Term life policies are purely for benefit purposes only as they do not gain any cash values benefit is paid out to stipulated person(s) when the policy holder dies within the term.

Affordable term life insurance is the ideal plan for families with limited incomes. Term life insurance is a type of temporary insurance in which the insurance is offered for a limited number of years or a predetermined term which can go up to a maximum of thirty years. In this type of policy, the insurance amount is settled with the beneficiaries of the insured person in case the latter passes away within that term. If the insured person lives for longer and outlives the term of the policy, then no settlements are made.

Life insurance must be bought at the earliest to avail of the low rates offered to younger customers. Younger people are likely to live for a long time thus reducing the financial liability on the insurance company. The insurability of a person or a life insurance applicant is judged by testing the person medically. This medical test reveals the true health condition of the person. If the individual is found to be having no maladies or signs of any health conditions they are offered low rates of insurance which translates to lower premiums on their term life policy.

The medical test is conducted at the insurance company’s cost by qualified physicians and it generally takes an entire working day or most hours to complete because blood and urine samples are collected, x-rays and ECGs are taken among other procedures. Then the samples are tested and reviewed. The application for life insurance can be rejected or accepted depending on how you fare in the exam. If the application is accepted then the rates to be offered are decided. This entire process takes at least a couple of weeks to get completed.

A lot of potential insurance buyers want to purchase insurance quickly without undergoing a medical examination. Some people do not like to be examined physically and some detest being poked with needles. A lot of people also can not find the time in their extremely busy schedules to take a physical examination. They can opt for instant term life insurance. When this policy is applied for, the individual is only asked a few questions related to the age, health, whether smoker/non smoker, history of family illness and lifestyle to determine the insurability and within a couple of hours the rates are determined and a policy is sold to the individual.

You need to review your life insurance policy every couple of years when a major event takes place in your life like getting married or divorced, birth of a child, buying real estate, investing in a new business, changing jobs and such. If you need life insurance for a certain period only and you can not afford to pay large premiums then term life insurance policy is ideal for you.

Article by David Livingston of EQuote.com, a website with the best cheap life insurance and cheap term life insurance information in the country.

An Instant Term Life Insurance is Like a Necessity For Everyone

Nobody knows when an instant term life insurance will be necessary but it is always recommended that you obtain it for future purposes. This life insurance will support, in terms of cash, those that will be left behind by the insurer. It is planning for the time when an insurer accidentally dies leaving the family off-handedly without any thing financial to assist them with their daily expenses.

The assistance is in form of cash benefit. An insurer will never experience the benefits unless he applies for an instant term life insurance. The cash benefit will be awarded to the beneficiary, who is the spouse most likely; if there will be a death certificate that is presented to the life insurance company for verification. The claim will only take place if the insurer dies within the period of the term. If the insurer luckily finishes the term, there will no claim of the cash benefit.

An advantage of this instant term life insurance is, upon the survival of the insurer after finishing the term and no claim occurred, he is entitled to a different kind of benefit. He can renew his life insurance for a new term but with a different interest rate. The renewal is always a higher costing life insurance but with better benefits. If he accepts the offer, he will receive his renewal immediately without taking the medical examination. If he decides not to renew, he can always select his desired type of life insurance.

Obtaining a life insurance requires an important proof of insurability. This is taking the medical examination. An insurer has to pass this requirement to be able to continue with the life insurance application. Once he passes the medical examination, he can start selecting the most appropriate type of life insurance that will suit his budget; but if he fails the medical requirements, he cannot pursue obtaining the life insurance that he desires.

To those who failed the medical examination and have been disqualified from obtaining the life insurance that they need, they can still apply for a different type of life insurance. This was intended for people who experience this kind of situation. A more expensive type of life insurance is usually offered known as the life insurance no medical exam. With this type of life insurance, there is no need to undergo any medical check up to pass the application. Simple personal information is necessary plus some initial charges and then it’s done.

These life insurances can be found by searching the internet. This method is the most comfortable way; relieving us of the travel time and the efforts in going to the offices just to get information. Use the internet in searching for cheap term life insurance quotes. These quotes will determine what is the most suitable for you. It will check automatically your capability to pay by inputting your monthly income and your personal information.

Another way is by talking to other people you know and trust. Their information will be of great help to let you start your search. Ask those who have an existing life insurance. They can help you choose the right type based on their own life insurance policies.

What is the purpose of obtaining a life insurance when we know how to take care of ourselves at all times?
1. This is just playing safe in case something bad happens to us.
2. There is a cash benefit that the beneficiary will claim if the insurer dies within the term
3. Some life insurances have cash build up that the insurer is entitled to use
4. With a life insurance on hand you can go to work everyday without worrying of dying because you know that your family will get the support that you have failed to continue

Today is the best time to get a life insurance while still young and strong. This is one of the best requirements that they look for in an insurer. Being young and strong, you have a bigger chance of surviving the term. That would be great news to every life insurance companies and for the insurer’s family too. So start looking for your instant life insurance and begin the protection that you need.

Article by David Livingston of EQuote.com, a website with the best term life insurance cost and life insurance information in the country.

30 Day Emergency Preparedness & Survival Gluten-Free Food Supply - All Natural, Kosher, Non-GMO - 10 Year Shelf Life - 90 Servings


  • Binding: Misc.
  • Brand: 30 Day Food Supply
  • EAN: 0859867003637
  • EAN List: EAN List Element: 0859867003637
  • Item Dimensions: Height: 800; Length: 1600; Weight: 1600; Width: 1200
  • Label: NorthWest Fork
  • Manufacturer: NorthWest Fork
  • Package Dimensions: Height: 800; Length: 1600; Weight: 1800; Width: 1200
  • Package Quantity: 1
  • Product Group: Home Improvement
  • Product Type Name: TOOLS
  • Publisher: NorthWest Fork
  • Size: 30 Days
  • Studio: NorthWest Fork
  • Title: 30 Day Emergency Preparedness & Survival Gluten-Free Food Supply - All Natural, Kosher, Non-GMO - 10 Year Shelf Life - 90 Servings
  • UPC: 859867003637
  • UPC List: UPC List Element: 859867003637

The Term Life Insurance Policy

There are many things which you have to consider before buying a life insurance policy. One of these aspects is a persistent doubt about the significance and need of the life insurance policy. Basically a life insurance policy is relevant to all those persons who have any concerns about their finical future of their family in case of their death. The apart from the pure protectinoal needs, some life insurance policies like variable and whole life insurance policies offer the opportunity for reaping dividends and ax free payments and they also have built in cash values. These polices are also utilized as the liquid cash in order to cater to the different needs of the policy holders. There are various types of life insurance policies which can be customized to suit to the different needs of different individuals. A suitable life insurance policy can be chosen after discussion with advisors and financial experts. The selection of a life insurance policy depends on the number of people who depends on it and kind of insurance needs.

Term life insurance and whole life insurance are two basic types of life insurance polices. There are different variations produced in these polices with the passage of time due to the changing demands of the people. The term life insurance policy is also known as temporary life insurance policy. The term life insurance policy is a purely protection oriented policy which provides death benefits only if the person dies within the period of life insurance policy.Mostly the term life insurance policy is adopted those persons who needs short term insurance like a car loan, house loan, a young individual with some dependants etc. People choose a term life insurance policy because it is less expensive as compared with the whole life insurance policy. In term life insurance policy the premiums are very low initially but these premiums may increase with the increase in the age of the insured person and at that time the premiums became more than that of whole life insurance policy.

The term life insurance policy is divided into two types i.e., Level term which is also known as decreasing premium policy and renewable term which is also known as increasing premium polices. Both these types of term insurance policies suit different kind of people. People choose the policy which suits their budget and needs. Variable, universal and variable universal are different variations of the whole life insurance policies. The universal life insurance policy provides the flexibility to the insured person to choose the kind of death benefits, premium payment ant the coverage amount. On the other hand the variable life insurance policy allows the policy holder to invest his\her cash value in direct investment in order to get a greater potential return. The universal variable life insurance policy is the blend of both universal and variable life insurance polices. Which means a universal variable life insurance provides the flexibility factor to the persons along with the investment option of the variable life insurance policy.

Life Insurance Made Easy: A Quick Guide - Whole Life Insurance Policy and Term Life Insurance Coverage Questions Answered


  • Author: Martin Sterling
  • Binding: Kindle Edition
  • Creator: Rhonda Eason
  • Format: Kindle eBook
  • Languages: Name: English; Type: Published
  • Number Of Pages: 27
  • Product Group: eBooks
  • Product Type Name: ABIS_EBOOKS
  • Publication Date: 2012-09-04
  • Release Date: 2012-09-04
  • Title: Life Insurance Made Easy: A Quick Guide - Whole Life Insurance Policy and Term Life Insurance Coverage Questions Answered

Relevance of Medical Tests in Getting the Most From Your Term Life Insurance Quotes

For protecting your family from short-term financial liabilities you can easily go in for term life insurance. It offers life coverage for a limited term which can be extended as required and can also offer cover against short-term liabilities. It would be better to choose whole life insurance for long-term coverage. It offers lifetime coverage along with cash value which one can borrow against after maturity of the policy. It is important to note that higher premiums are charged in whole life insurance as compared with the term life option.

By making an intelligent assessment of your financial needs it is possible to optimize your life insurance benefits. You need to develop an understanding of the basics to be able to make an informed decision. There are several types of term life insurance quotes available in the market and it is important that you know which one can suit your individual needs. It is also important to know your financial objectives well enough. You can seek expert help when working on these factors.

Whether you buy whole life insurance or term life option, there are some factors like amount of coverage and life expectancy which you need to work upon. However, experts contend that whole life insurance does not offer great value for money. This contention is based on the fact that whole life insurance has much higher insurance rates as compared to the term life insurance policy. The excess of amount charged as premiums in whole life insurance helps build the cash value which you can borrow against. The same amount can wisely be invested in other forms of investment instruments for higher benefits.

On the other hand, term life insurance is well suited to fulfil various insurance needs. You only need to choose the right kind of term duration and suitable amount of coverage to make an intelligent investment with term life insurance. To calculate the amount of coverage you can make use of a number of online tools available with leading web sites. You can get affordable term life insurance quotes by looking on these websites without much difficulty.

While buying insurance, you need to clear a medical test for the insurer to your life expectancy based on a set of objective factors. These include your age and health condition with a desire to know about your life expectancy. High cholesterol levels, high blood pressure and heart-related complications are bound to get higher insurance rates on your term life insurance quotes for your policy. Your lifestyle and occupation are also some of the important factors which affect your life expectancy.

For instance, if you smoker you can get much higher insurance rates as compared to a non-smoker. If you are an occasional smoker, you can get an affordable deal from your insurer. If you quit smoking it can get you insurance rates reduced by as much as 50%. It won’t help to hide your habit of smoking from your insurer in an effort to get lower insurance rates on your instant term life insurance quotes. If you should die of a smoking-related illness and the insurer is not aware of your habit of smoking, it can result in forfeiture of the insurance benefits to your dependents.

Even if the settlement is not denied it might be reduced in keeping with the level of risk added by the habit of smoking. It is better to keep your insurer in the loop about any habit you might have or any other information which might have a potential impact on your health. You can also discuss any issues of concern with a professional insurance advisor and sort it out with your insurer beforehand to make the most of your instant term life insurance quotes. Apart from lifestyle and habits, nature of your occupation also matters a lot in getting you desired insurance rates. For adventure sports professional, the insurance rates can be much higher as compared to others.

This is because the level of risk involved in adventure sports is much higher than that of an average office-goer. If you have a medical condition it can also come in the way of getting life insurance. However, there are certain special insurers which offer specialized policies for people with a medical condition. One can get affordable term life insurance prices and quality features with policy through these insurers on par with conventional instant term life insurance quotes. The insurance rates are offered based on an assessment of the severity of the condition and the level of health management for the individual.

Article by David Livingston of EQuote.com, a website with the best life insurance rates and low cost life insurance information in the country.

Related Life Insurance Articles

Managing Insurance Intelligently to Make the Most of Low Term Life Insurance Rates

Term life insurance is one of the most popular forms of life insurance due to its simplicity in functioning and higher benefits. One can buy term life insurance policy by asking for insurance quotes on leading websites related to life insurance. Term life insurance is meant to provide coverage for limited term duration with no additional benefits. It is also important to choose the right kind of term duration to get best results possible from your policy.

It is not enough to get cheap term life insurance rates on your policy if it does not meet your needs in an effective manner. You can get online insurance quotes from leading insurers but knowing their quality and features is what puts you in control of the outcome. Insurance rates should not be the sole criteria for choosing a life insurance policy. While comparing online insurance quotes you should amount of coverage and other aspects which can have an important impact of the outcome of the policy.

It is not difficult to get competitive online insurance quotes through a number of online insurance brokers. They ask you for what you need and other basic information before getting in touch with leading insurers to get the most competitive quotes. With the help of these quotes you can choose what would be the best option for you. Without knowing the market ratings of the insurance firm you would not be able to make an intelligent choice of insurer.

The insurance rates you are offered are based on the medical history, marital status, nature of employment and other relevant information. The insurance company offering you insurance would like to know your insurability in terms of life expectancy. This plays an important role in buying life insurance. To get desired term life insurance rates, you need to work on your underwriting profile to fulfil the underwriting guidelines of the insurance company. It is also important to keep in mind that every insurance firm has a unique set of guidelines.

You can consult an insurance professional to get better idea for improving your underwriting profile. You would also be asked to undergo a medical test when buying insurance to assess your insurability. This test is designed to look for health factors like cholesterol levels and blood pressure which could have a negative impact on your life expectancy. Higher blood pressure or cholesterol levels can affect your life expectancy by increasing chances of future health complications which can result in getting you higher term life insurance rates.

If you have a chronic medical condition you may be forced to pay very high insurance rates on your policy. Depending on the severity of the condition, you can also be denied insurance cover. You can also opt for life insurance no exam option if you have a medicaln condition. Alternatively, you can also seek specialized insurers for a life insurance solution which takes care of your needs. Usually, these insurers offer policies for a specific kind of condition. They have a panel of experts to assess the severity of the condition when offering insurance rates and features to an individual.

The level of health management adopted for an individual also plays an important role in deciding what kind of insurance rates can be offered for the person. People with a specific medical condition can look for insurers who offer specialized policies designed to accommodate their insurance needs. In any sense, it is a much better option as compared with life insurance no exam option which offers very high insurance rates. This is a simplified issue policy which can be bought on the website of the insurer instantly.

Your lifestyle and habits also matter when it comes to deciding your life expectancy and the kind of insurance rates your insurer might offer you. Smoking is one of the habits which is detrimental to both your health and life expectancy and at the same time can increase your insurance rates to a great extent. There is a risk of many diseases due to smoking which is why a substantial hike is made in insurance rates to compensate for the additional risk faced by the insurer. To avoid high insurance rates due to smoking, it would not be viable to opt for life insurance no exam option.

Article by David Livingston of EQuote.com, a website with the best term life insurance rates and cheap term life insurance information in the country.