While you must be 18 years or older to take out a life insurance policy, you can take out this type of insurance for or on behalf of a child or minor. Taking out a life insurance policy no younger than 25 years but no later than 50 years is recommended. The sooner you take out life insurance, the greater the benefit. However, if you are over the age of 65 years, it may be…
Whether you are in the process of researching the requirements associated with a life insurance policy or have purchased one in the past, you most likely have quite a few questions about it. There are many challenges that come with acquiring life insurance, especially during the pre-qualification and underwriting stages. The following are some of the more common questions from people who are considered to be high-risk. 1. Which Insurance Companies Accept Higher-Risk Individuals? Confusion?…
There is little doubt that term life insurance is a popular choice for millions of people who want coverage for their families in case something should happen to them. While term life has many advantages and is rather straightforward in its coverage, one of the issues many people face is deciding how long the coverage should be to meet their needs. Choosing the Length of Term Life Insurance: There are many factors to consider when…