Life insurance for smokers is more expensive because smokers are at greater risk of passing away while they're covered by their insurance policy. Life insurance companies may require a nicotine test during a medical exam before they approve you for coverage.
A history of depression can make buying life insurance more difficult and more expensive. However, you can still get covered—you just need to shop around for the right policy and be prepared to provide details on your medical history.
Lung conditions such as COPD, emphysema, cystic fibrosis, and pleural effusion can affect your eligibility for a life insurance policy. You can still get covered, but you may need to take steps to improve your health to make premiums more affordable.
One of the most important components of taking out a new life insurance policy is choosing a beneficiary. If you have children, you may consider them as your beneficiaries, but this can complicate the process. It’s important to know how the process works and what you need to consider, depending on your individual circumstances and where you live.
If you own a camper and love to take it on the road, make sure you know the law regarding insurance in your state. Even if your state doesn't require insurance on a camper, you may still want to buy this protection. Here, we review details about the coverage offered by major insurers so you can learn relevant information.
Does your spouse use your car regularly? If so, you might need to add them to your car insurance policy. One possible benefit is getting a multi-car discount on your premium. Just be careful—you might want to exclude poor drivers from coverage.
Life insurance can be a valuable financial asset, but it is not readily available to all individuals. Life insurance companies typically review your health status to determine if you’re eligible for their policies, but some companies offer no medical exam policies.
Variable and universal life insurance are both permanent life insurance policies. They both pay a death benefit but also accrue a cash value and can be used for investing. However, variable policies work differently because you can invest in sub-accounts similar to mutual funds, while a universal policy earns money by accruing interest.
Life insurance is an essential part of many financial plans, but it can be difficult to get when weight is an issue. However, it is possible to get life insurance if you’re overweight. As a consumer, it can help to know how the underwriting process works and the impact BMI might have on your life insurance rates.
Life insurance is an important consideration for most individuals creating a financial plan. While most people know about life insurance for adults, you may be surprised to learn that children can also be covered by policies. Having life insurance coverage for children is not always straightforward because of the benefits and drawbacks differ from insurance on adults.