hadley

I've been a non-smoker for the last four years. Last week I had a death in the family and ended up smoking about a half of pack of cigarettes a day for about a week. Now I find out that my life insurance company wants to give me a physical which will include tests for nicotine (both blood and urine). I have not smoked today and don't plan to smoke anymore, but my appointment for the physical examination is in a week. Will they be able to tell that I have smoked recently? Yes, the testing for... Read Full Story

Is there a life insurance plan out there that parents can get at age 77 with a history of health issues? I understand and accept the premium will be extremely high but is it possible? Yes, it may be possible for your parents to get life insurance at age 77 with health issues. Some life insurance companies offer coverage to older people over age 70, such as, Colonial Penn, Globe Life, New York Life, and Mutual of Omaha, among others. However, whether or not your parents qualify will depend on... Read Full Story

What are the pros and cons on purchasing life insurance on a 70 year old man? The pros would include the life insurance death benefit that would be paid out to the beneficiary of the insured upon the man's death, subject to any exclusions or limitations in the life insurance policy. The cons may include the cost of the life insurance, especially if the insured outlives the term of the life insurance policy and the coverage expires. Also, the premiums may be so high and the amount of life... Read Full Story

I would like to get life insurance on a male family member in poor health. He has diabetes and heart trouble. Is it possible to get someone at that age insured for life insurance? Yes, you may be able to find a life insurance company that would provide life insurance for a man age 70 with health issues. However, the price for the life insurance will be high and the amount of life insurance coverage will be low. In addition, the type of life insurance available will probably be a graded death... Read Full Story

What is the most affordable life insurance? The most affordable life insurance is term life because it is temporary coverage for a specific period of time, compared to permanent life insurance which provides lifetime protection. When comparing plans for term life insurance make sure you consider what type of term life plan is right for you, how much life insurance you need, what you can afford to pay, and how many years you need life insurance. You can compare term life rates and plans by... Read Full Story

Yes, you may be able to take out a life insurance policy on your father. However, it will require your dad's permission and approval. He may need to sign the application, answer some health questions, and possibly be required to take a physical examination. An insurable interest is required when buying life insurance on another person. This means, you stand to lose financially if the insured person were to die. There does exist an insurable interest between parents and their children, because... Read Full Story

When it comes to comparing prices for life insurance, there are many factors that may affect the price you pay for life insurance. First, each life insurance company has their own set of underwriting and rating guidelines, which means each insurance company has different prices for life insurance. Also, the type and amount of life insurance will have an affect on how much your  life insurance will cost. In addition, other factors affect rates for life insurance, including your age, gender... Read Full Story

There's no "one size fits all" best life insurance for everyone. It depends on the state you live in, your age, health condition, occupation, hobbies, height-to-weight ratio, if you smoke or not, credit history, driving record, family health history, etc. However, some of the leading life insurance companies include Northwestern Mutual, Prudential, and Metlife among others. Each year, the III.org (Insurance Information Institute) issues a list of the top life insurance companies writing the... Read Full Story

Is possible to buy burial insurance for our parents? If something happens to either of my wife's parents or my parents, we won't have the money to pay for a funeral. Is there an insurance company that offers a plan where a person can buy burial insurance for someone else? It's going to depend on their age, if you can afford it, and if your parents give you consent to buy insurance on them. You can't do it without their consent. Usually, permission is required and a signature on the... Read Full Story

My parents have life insurance policies on myself and all four of my children, these were all taken out without any consent or knowledge from any of us. My question is, if you can't take out a life insurance policy on someone else without their consent, how did these five life insurance policies come to be? Parents and Grandparents can take out life insurance policies on their minor children and grandchildren without the consent of the children. They can take them out on their minor children... Read Full Story