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Q: |
Does life insurance pay benefits
for any type of death?
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Q: |
Can I cover my children under my
life insurance policy?
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Q: |
I bought life insurance last
week, and now I've decided I do not want it. What can I do?
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Q: |
Will I need to take a medical exam
when I apply for life insurance?
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Q: |
If I have an existing medical
condition, will I be able to get life insurance?
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Q: |
I enjoy sky-diving. Can I buy
life insurance?
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Q: |
How do I find out more about my
life insurance policy?
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Q: |
Does life insurance pay benefits for
any type of death?
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Generally, individual life insurance pays a
death benefit whether an individual dies in an accident or from natural causes.
There are certain exclusions that may apply. Check the policy for specific
exclusions. For example, many policies exclude suicide, if the suicide occurs
within the first 2 years of the policy.
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Q: |
Can I cover my children under my
life insurance policy?
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Most policies let you add a rider
that will provide up to $10,000 of coverage for each child. The
additional premium is usually the same if you add one child or all of your
children
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Q: |
I bought life insurance last
week, and now I've decided I do not want it. What can I do?
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After the life insurance policy has been delivered, you
usually have between 10 and 30 days to review the policy and decide to
keep the insurance. This is sometimes called the "free look" period and
the period can vary depending on the state you live in. If you decide not
to keep the insurance coverage, you need to notify the insurance company
within this time period to receive a full refund. After the "free look"
period, many insurance companies will usually provide a partial, but not a
full refund.
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Q: |
Will I need to take a medical exam
when I apply for life insurance?
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Nearly all insurance companies require a medical exam. The
medical exam can be done in your home and will probably include blood and
urine samples. The insurance company pays for the exam.
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Q: |
If I have an existing medical
condition, will I be able to get life insurance?
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It depends on the type and severity of the condition, how
long you've been treated for it and other factors. In some cases you may
not be eligible. In other cases you may be eligible, but you will usually
pay a higher premium.
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Q: |
I enjoy sky-diving. Can I buy
life insurance? |
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Some insurance companies will not issue life
insurance policies to people who have risky hobbies. Contact us to find a life
insurance policy that meets your needs and lifestyle.
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Q: |
How do I find out more about my
life insurance policy?? |
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Your insurance agent can answer most of your
questions. Contact us with questions about insurance coverage.
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