Guaranteed term life insurance is specifically for you if you cannot get regular term life insurance. You can get guaranteed issue term life insurance rates without a health exam which is usually required for most insurance policies. You will pay higher rates for this type of life insurance vs other insurance.

Who is this type of policy best for? If you were born with a chronic health problem or disease, you may find that guaranteed term life is a good match for you. You need to know that this type of insurance has a big difference from regular term life insurance. Instead of picking your own term length, you have to go with 5 or 20 year terms. If you decide to purchase the 5 year term, you will be able to continue buying in 5 year increments until you are 80 years old. If you buy the 20 year … Read More!

One popular type of life insurance is group term life insurance. This is insurance typically provided by am employer for employees. There are some key advantages and disadvantages to purchasing this type of life insurance. With all insurance plans, it is important to weigh all options before commiting to the purchase of a policy.

The main advantage is that it is most often the cheapest and affordable life insurance that can be bought. The reason for this is that employers can often offer a discount because of group rates. The fees for this type of insurance are usually deducted straight from an employee’s paycheck. When offered by an employer, it is common to find additional coverage options such as accidental death. With the options and the insurance, an employee can pick and choose the coverage that is right for his/her personal situation. Some plans may even pay benefits in … Read More!

If you have been thinking about buying a life insurance term, you most likely have many questions about the right plan for you. This article will briefly describe the common lengths of term life insurance and should help you make a decision regarding what length policy to purchase.

The most common terms or years of coverage for life insurance are 10 and 20. Some companies do offer 1 year coverage but that is unusual. Although uncommon, 1 year terms do serve a purpose. It would be in your interest to choose a 1 year term if you need coverage short term while doing something that is costly such as remodeling your home. Your spouse could benefit from a financial boost in case of your death in the middle of a project. You could also pick a 1 year coverage plan if you were going to be on extended travel … Read More!