Term Life Insurance Q&A
- Why should I choose BeyondQuotes?
- Which companies do we represent?
- Is BeyondQuotes licensed where I live?
- Is my information confidential?
- Do you only offer rate quotes?
- How do we choose which companies to represent?
- How much Term Life Insurance do I need?
- What are "level" policies?
- What should be the term length?
- Is it worth insuring my spouse on my policy?
- Can you explain the difference between Term and Whole Life plans?
- I suffer form a pre-existing condition. Can I still be insured?
Applying for a Policy
- How do I apply for Term Life Insurance?
- How do I find the best value plan for my needs?
- What is the waiting period between applying and coverage?
What are Final Expense Insurance Policies?
Final expense insurance is often called burial insurance. It has a nominal face value. There are several insurance companies which offer best plans at affordable rates.
People buy expense insurance policies keeping the best interests of family members in mind. They would not like to add to the emotional trauma being caused by the death of a loved one.
Many of these plans are simplified issue, meaning you will have to submit some health information, but there is no need to partake in a paramedical exam. You make need to take part on a telephone interview, depending on the plan and provider you opt for.
Senior citizens want to invest in a plan which can offer them long-term guarantee and best healthcare network. They do not have a long list of requirements to be fulfilled. The responsibility of an insurance agent is to understand their needs and offer the best available plan.
There are certain medical conditions (diabetes) which can limit or restrict you chances to apply for insurance. You need to choose from other available options like graded benefit. It means that your family would receive ‘death benefit’ over a period of time.
Those with serious pre-existing conditions may be prevented from even obtaining these policies. In this instance it is worth applying for a guaranteed issue health plan. As the name suggests, anyone can apply, provided they haven’t been issued a terminal diagnosis. These policies cost a lot more than standard plans due to the elevated risk factor with no paramedical examination, but are better than not securing yourself at all.
You should check the ratings of a company before buying anything from them. It becomes of utmost importance given the nature of present economical situation we are in. Independent agents are a great help when sourcing policies, as they have all the requisite knowledge at hand and will do their best to fulfill your requirements.
You should take the right decision now. There are certain responsibilities which you need to perform putting the interests of your family first. The method by which you do this is via final expense coverage.
A plan such as final expense insurance that deals with your final expense is a permanent one. This implies that there are no terms that you need to stress and panic about. You do not have to commit for a term period of 10 to 20 years and then have to fork out a higher premium if you wish to be covered for a lengthier period of time. This is for a fixed time period, which is the rest of your life, and has a fixed insurance premium.