Life Insurance
Life insurance provides your beneficiaries with a death benefit payment if you die while insured.
Quick Links
Life Quotes
Life Forms
Life Contracts
Life Insurance Rules
- There is no payment if your insurance policy has lapsed.
- You can choose your beneficiaries, giving you control over who receives the money.
- The amount you pay for life insurance depends on your health and the amount of benefits you desire.
Types Of Life Insurance
- Term Life Insurance – Life insurance that covers you for a limited period of time.
- Normally offers coverage at lower costs than permanent life insurance
- Permanent Life Insurance – This form of coverage lasts for the entire lifespan of the insured, as long as they pay their premiums.
- There are two types of permanent life insurance; whole life and universal life.
Life Insurance Enrollment
- Anyone can apply for life insurance. Though, there is an underwriting process that can eliminate some applicants.
- During underwriting, the insurer will ask you to complete a medical exam and submit relevant health information.
- If you are in poor health condition, you may be offered higher premiums or denied coverage entirely.