Today, however, consumers can also purchase life insurance policies that don’t require a medical exam. In some cases, like policies that use asimplified-issueunderwriting method, the applicant is only required to complete a health questionnaire.Guaranteed-issuelife insurance policies eliminate health ...
There are also many new life insurance providers, loosely called life insurance “fintechs.” Many of these companies have come up only in the last few years but specialize in limited policy types. For example, most provide only term life insurance. They typically offer no medical exam polici...
There are many ways to buy life insurance — but the two best and easiest ways are through an independent broker or an affiliated agent with a specific insurer. Independent brokers like Policygenius are not affiliated with any insurer and sell policies from multiple companies. Their agents work...
You may think that buying a life insurance policy is only for later in life – but it could benefit your grandchildren to have one of their own.
Life insurance can seem complicated, but understanding how it works, who’s involved, and everyone’s responsibilities can help you make informed decisions about your coverage, whether you’re new to life insurance or looking to switch policies or insurers. ...
If your life insurance policy no longer serves its original purpose, selling it might be a practical way to free up funds. While many policies can be sold, permanent life insurance, such as whole or universal life, is usually more sought after in the secondary market. These types of policie...
Couples (or anyone with a shared financial interest) can choose to buy a joint life insurance policy or two separate policies. Although a joint policy could be cheaper than two single policies, in the event of one partner dying, a joint policy will pay out and the policy will end. With ...
What are the two most common types of life insurance? What is the best type of life insurance to get? Which life insurance policies offer flexible premiums? Which life insurance policies accumulate cash value? What is final expense insurance? What types of add-ons can you buy for life insura...
Life insurance works to protect your loved ones from a total loss of income if you pass away. Monthly life insurance rates are often less expensive than you’d imagine. This guide will help you to understand how life insurance works and whether you can have multiple life insurance policies. ...
able to borrow against your policy as long as you continue to pay premiums, and then use those funds to buy a home or cover your children's college expenses. While you run the risk of lowering the death benefit if you do not repay the loan, these life insurance policies can be helpful...