Frequently Asked Questions About Insurance

• How do you define Term Life insurance?
  
• How can Term Life insurance help my family and me?
  
• How do insurance companies rate individuals?
  
• O.K., I understand why Term Life insurance is valuable to my family and myself, but is there any reason I wouldn't want to buy this kind of insurance?
  
• I'm ready to get started, How do I begin?

How do you define Term Life insurance?
Term insurance is the lowest cost life insurance product available on the market, typically. When you buy term life, you are purchasing "pure" insurance - which usually does not include a cash value or a savings feature. Term Life insurance, as the name implies, is purchased for a particular "term", or length, of time. Once that period of time has expired, and if you do not convert your term policy to a "permanent" policy, your life insurance will also expire. If the insured person dies within the "term period", the predetermined death benefit will be paid to the beneficiaries of the policy.
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How can Term Life insurance help my family and me?
Term insurance is bought by many millions of people for a variety of important reasons. Most often, families use this insurance for security. If the insured person passes away, the Term Life insurance policy makes sure there will be money to use to pay for your home, outstanding loans and other major expenses. It's that important - YET THE MAJORITY OF AMERICANS ARE UNDERINSURED.
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How do Insurance companies rate individuals?
Individuals are rated by their age, health history and in some cases, by their careers. Younger people generally have the lowest premiums. Sounds simple, right? Not always. Almost all companies have a super-preferred, preferred, and a standard rate. Term-life-quotes.com understands the differences and works hard to get you the very best rate possible. To help you gauge for yourself where you're likely to be considered by the Insurance industry, please take a look at some general qualifications for super-preferred:

Both Men and Women

Keep in mind that different companies accept and reject individuals for the super-preferred rate based on their own internal policies, including allowable leeway. That's the value of having Term-life-quotes.com do the shopping for you!

Here are some other factors that, generally, go into the super-preferred rate:

• No tobacco usage in the last 2 years.
  
• Cholesterol 180-220
  
• Blood Pressure 140/90 (untreated)
  
• Family history does not include deaths of parents or sibling. prior to age 60, of
  
• Cancer or cardiovascular disease - there are exceptions.
  
• Aviation-No super preferred
  
• Hazardous avocation(s) -No super preferred
• Driving - No more than 3 moving violations in last 2 years.
• Travel - Not extensively to underdeveloped or politically unstable countries.
  

Obviously, the above list is not exhaustive but it should start to give you an idea of the kinds of factors that go into obtaining one rate vs. another. Term-life-quotes.com works hard to ensure you get the best rate available to you! If you know that you don't fall into those guidelines, we can still work to get you a preferred rating; typically rates are only 5%-10% more. These are some general parameters:

• Height and weight is the same as super preferred but with more leeway sometimes up to 20-25 pounds.
• Cholesterol 250 to 280
• Blood pressure 150/90 (treated or untreated)
• Family - both parents, and/or one parent and one sibling, have not died before age 60 of cancer or cardiovascular disease.
• Aviation - dependent on the situation.
• Avocation(s) - depends on the nature and degree of hazard(s).
• Driving - same as super preferred
• Travel - similar to super preferred, but with fewer restrictions.
  

Again, these are general requirements offered to help you understand the very important process of obtaining term life insurance. Individual companies operate by their own criteria and may, or may not, allow degrees of leeway when considering new potential policyholders. Let Term-life-quotes.com do the legwork of finding the right Company for your particular needs.

Additional factors that may exclude someone from obtaining super-preferred or preferred ratings:

• Personal history of cancer or cardiovascular problems
• History of drug or alcohol abuse
• Ongoing treatment for depression
• Epilepsy
• Mental Illness
• Kidney or liver disease
  

While these special needs may present challenges, the important thing is to begin the process of determining what's available to you.
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O.K., I understand why Term Life insurance is valuable to my family and myself, but is there any reason I wouldn't want to buy this kind of insurance?
Yes. Like any other tool, Term Life insurance is a valuable asset when purchased for the right reasons. However, there are some things it is not designed to do:

• To fund an irrevocable life insurance trust.
  
• To fund a trust for purposes of providing an estate
  
• To provide funds for any expected federal or state tax obligations.
  

If any of the reasons above has caused you to consider Term Life insurance, you may wish to consult your CPA, estate tax attorney or financial planner prior to continuing.
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I'm ready to get started, How do I begin?
That's the best part! Just provide Term-life-quotes.com the necessary information and we'll get to work on your behalf.