Life Insurance Policy

What is a life insurance policy all about, how does life insurance work?

Life insurance provides a death benefit in the event the person insured passes on. You may choose to have the death benefit paid to your beneficiary in one lump sum or in the form of an income.

You pay a premium each month, each quarter, semi annually or annually for this life insurance coverage.

Why would one buy a life insurance policy? Life insurance can be used to provide funds for a spouse or dependent children in case the breadwinner dies.

Life insurance pays off mortgages, provides food, provides clothing for dependents. It is wise to buy life insurance just in case. This guarantees that the family can go on living in the manner they are accustomed to living.

Business people may use life insurance to fund buy sell agreements in case a partner or shareholder dies. Life insurance is used to protect a business in case a key employee should die. Life insurance can provide funds for a friend or family member to restart a sole proprietorship upon the death of the owner. The sole proprietorship dies with the owner or proprietor.

There are 2 types of life insurance, term life insurance and permanent life insurance. Term life insurance provides coverage for specific periods of time. You can buy term policies for 5 years, 10 years, 15 years 20 years, 25 years or 30 years. Some term policies terminate at specific ages. You can buy a term life insurance policy to age 65 or age 80 for example.

There are riders that can be added to your life insurance policy. You may choose to add the waiver of premium rider. This rider provides that premiums will be waived if the insured should become disabled and is unable to work. Disability must last for at least 6 months. Whenever the insured returns to work s/he picks up premium payment again.

You may also add the accidental death benefit rider which provides that if the insured should die in an accident the amount paid will be twice the face amount of the the basic life insurance policy.

Life Insurance Quotes

Take a few minutes to shop and compare life insurance quotes, this helps you find the lowest rates from the best carriers. Compare term life insurance premium rates, you will need to call me for whole life or universal life insurance quotes. You can compare rates for fully underwritten term policies as well as non medical term life policies on our site.

Sagicor Life

Shop and compare up to just under $400,000term life insurance from this highly rated carrier, A- by A.M. Best. The premiums are very low and you can have an approval in 2 to 3 days, that is if you qualify. You just need to answer a few health questions.

Banner Life, American General and ING

Shop and compare rates for up to $10,000,000from these top carriers. They are also highly rated by A.M.Best. The policies are fully underwritten, you will be required to do a medical exam. We have the examiner call you and come to your home or business to check out your health. The premiums for these policies are very low, you will be very happy with your policy.

A.M. Best rates these carriers you see very highly, we would not represent them if they were not highly rated. If you need and want life insurance you need go nowhere else, decide how much and what type of term insurance to buy, compare your life insurance quotes, click Request Application, complete the form and an agent will call you.

You will be surprised at how quickly you get your coverage.

If your interest is whole life or universal life insurance give me a call and I will give you the rates. I am licensed in 47 States at this time.

No Exam Life Insurance

No exam life insurance online. A very large amount of life insurance is bought on the internet every day. Most of these people never have face to face contact with an agent. When I speak with my prospects and clients on the phone I find that they want the coverage but they would rather not go through the hassle of a medical exam. It is not that they are in poor health it is simply that they want to go the quick and easy way, no medical exam life insurance. Buying term life insurance without the requirement of a medical exam is the easy way to go.

What is No Exam Life Insurance?

No medical exam life insurance is simply the normal level term life policy you would buy offline but you do not need to have a medical exam done. This is level death benefit term life insurance. You may be puzzled and want to know how this can be done.

Here is how! The medical questions that that the examiner would ask are still asked but by the agent, you will get approved based on your truthful answers. You may also ask how does the life insurance company know your answers are honest and truthful. The answer is simply that they confirm your answers.

The Medical Information Bureau has the answers and the life insurance companies can check out your answers in seconds. In addition they check the Pharmacy Report which informs them on the type of prescriptions you have filled. The medication gives them an accurate indication of what ails you.

Types Of No Exam Life Insurance

The more popular term life insurance policies are sold on a non medical basis online. They are 10 year level term, 15 year level term, 20 year level term and 30 year level term life insurance. The death benefits never decrease and the premiums never increase.

Some companies have also recently began to offer universal life insurance on a no medical basis as well as whole life insurance. The maximum amounts of coverage vary from company to company. The amount of term insurance is offered up to $300,000 by some carriers and $400,000 by others. The whole life and universal life top end limit available without a medical online is usually $250,000.

Here is a site where you can get your no exam life insurance.

No Medical Life Insurance

No medical life insurance has been around for a long time, it was initially offered to younger applicants. Actual experience of life insurance companies showed that people were less likely to die when they were young in age. It is a proven fact that young people experience less terminal illnesses than people of older ages.

It has been proven that in the great majority of cases doing a physical exam at these younger ages for life insurance is a complete waste of time. It is cost effective for the life insurance companies to offer the coverage on a non medical basis, the agent asks the questions.

People are living longer today, good physical health is maintained at older ages because of advances in medicine. People spend more time keeping their bodies physically fit through better eating habits and exercise. This directly reflects in the percentage of claims at any given age, thus no medical life insurance at older ages.

More life insurance companies offer no medical life insurance, within limits, at older ages today than they ever did. Buying your policy is much easier in today’s world.

Another thing the carriers find helpful is the advancement in technology. Reports that would take weeks are now obtained in a matter of seconds. When a non medical life insurance policy is applied for the medical questions need to be answered before submission, within seconds the life insurance company requests and receives a report from the Medical Information Bureau on the applicant.

This report will show any available information on illnesses experienced by the applicant. In addition the carriers request a Pharmacy Report which details prescriptions filled by the applicant. The underwriters match up the prescriptions with the M.I.B report, a decision is easily arrived at with this information.

If you are between age 18 and age 65 you can get life insurance without having to go through a physical exam. Some carriers limit the amount available to $250,000 others to $400,000 or even $500,000. They are very efficient at what they do. If you are in fairly good health you can qualify for no medical life insurance. You get approved in minutes with some carriers, others may take a few days.

No Physical Life Insurance

No physical life insurance is offered by a few top life insurance carriers, you will not need to do a medical exam to qualify for coverage. These policies are highly desirable for buyers who are very busy and can’t seem to find the time to go through a medical exam. The carriers are quite willing to accommodate.

Getting these policies are not easy though, you need to accurately and honestly answer some questions about your present health condition as well as what your health was like in the not too distant past, 2 years ago in some instances and 5 years depending on the condition.

The life insurance companies are not giving away life insurance coverage, they need to be assured that you qualify. How can you put them at ease, that is not very difficult? All you need to do is give them truthful answers. Look at it this way, if there is negative history which needs to be revealed they will find out anyway, you may as well tell them yourself.

How do they know if you have a medical history that would cause them to decline your request for a policy? The get a Medical information Bureau report in seconds. The MIB is quite accurate.

Carriers also get a Pharmacy Report, they know what prescriptions you filled in the not too distant past. The medications tell them what ails or ailed you.

Another thing they check is your driving record. It doesn’t take long to learn whether you have moving violations and whether you have been arrested for driving under the influence of alcohol or narcotics. This can cause your no physical life insurance application to be declined.

If you are therefore in good health you can get no physical life insurance quickly on line. If you are between the ages of 18 and 65 you can apply and see if you qualify. No medical is required, just a few health questions.

Some carriers offer up to $350,000 term life insurance on line, they offer as much as $400,000. You can also get whole life and universal life up to $250,000 on the non medical basis.

You complete a short questionnaire when you go to the site and a licensed agent will call you to complete the balance of the Application form. You will get approved instantly by National Life, if you qualify. With Sagicor Life a no physical life insurance approval takes 2 to 3 days.