Life Insurance Knowledgebase

Terminal illness can be a serious strain on your finances. Terminal illness lasts for a long time. People suffering from terminal illness often spending their last pennies trying new treatments or paying for expensive medications. If you are suffering from any terminal illness or you know someone who is suffering from terminal illness, do not [...]

If you are the beneficiary of a life insurance policy and the insured has expired, you must contact the insurance company in order to collect the death benefits payable under the life insurance policy belonging to the insured. If the insured who has expired is a loved one, you may not be in a position [...]

Second to Die Life Insurance policy is a life insurance policy that insures two people at the same time. The benefits are paid only after the second person dies. It is also referred to as last-do-die insurance, joint and last survivor insurance and survivorship life insurance. You would generally not need a second to die [...]

Although not very popular, the 5 year term life insurance policy is a term life insurance policy which has been around for some time. It has a low premium. That’s probably why insurance agents don’t aggressively market this policy. Low premium means low commission for the agents. Another reason why it is not popular is [...]

Like with everything else in life, there are many myths about life insurance. This article will take a look at the myths surrounding life insurance and set the record straight, helping you to make the right choice for you and your family. The most common and most popular myth is I don’t need life insurance. [...]

Majority of Americans have life insurance. But a vast majority of Americans who have life insurance do not have sufficient coverage. Merely having life insurance is not sufficient these days. Your life insurance policy must meet your requirements at every stage in life. Your requirements change over the course of your life. One way to [...]

Doctors may tell you that alcohol abuse may take off anywhere from 10 to 15 years of your life. What they may not tell you is that it can also increase the cost of your life insurance. On your application form, you will be asked questions related to alcohol use. If you have a drinking [...]

Buying life insurance can be an emotional issue. There are those who tell you that buying life insurance for children is a waste of money. The purpose of life insurance is to replace a breadwinner’s salary and children seldom have an income that needs replacing. While this is true, it does not take into consideration [...]

When you apply for life insurance, the insurance company will assess your risk based on a number of factors. The cost of your life insurance will depend on the risk you pose to the insurance company. A major factor which determines this risk is your lifestyle. The aspects of your lifestyle that affect how much [...]

What is a life insurance quote? Life insurance quotes refer to the rates of life insurance policies. It varies form company to company and from policy to policy. Basically life insurance quotes are the prices at which the life insurance company offers you their policies. Life insurance quotes can also vary form individual to individual. [...]