How long does it take to get life insurance?

Applying for life insurance can sometimes be a lengthy process. Typically, the life insurance application itself can be filled out over the phone with the help of a licensed agent. After the application is submitted to the insurance carrier, however, the long process begins. Most insurance companies require a medical exam, blood test, and urinalysis as a part

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How much life insurance should I buy?

There are many factors to consider when determining how much life insurance to buy. Our Life Insurance Needs Calculator  can be a helpful tool when determining how much insurance you should buy. Of course, another important factor to consider is the cost of the life insurance policy. Request quotes for life insurance coverage today and we

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Why do people buy life insurance?

People buy life insurance for a number of reasons. One of the primary reasons is providing income protection for a family in the event a breadwinner passes away. Another reason is providing financial security for children should something happen to the parents. Life insurance can even be a way to offset estate taxes in large

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What is life insurance?

Life insurance is financial protection that pays beneficiaries when the insured dies. There are several types of life insurance including term and permanent life. Term life pays a lump sum benefit during a specified period of time (typically 10 years, 20 years, or 30 years). Permanent coverage is designed to provide insurance coverage for a

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How are life insurance proceeds taxed?

Most of the time, life insurance death benefit proceeds are not taxable as income. There are some exceptions to this rule. Some life insurance policies give the beneficiary the option of receiving monthly payments for life (like an annuity) rather than a lump sum. In this case the interest received above the initial benefit amount is

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