Life Insurance FAQ, Information & Guides

Beneficiary - Changing
Q: How do I change the beneficiary on my life insurance policy? Read Answer

Beneficiary - Non-relative

Q: Can I name someone other than a relative as the beneficiary of my life insurance policy? Read Answer

Cigars & Smokers' Rates

Q: I don't smoke cigarettes, but I smoke cigars occasionally. Will I have to pay smokers' rates for life insurance? Read Answer

Company Went Bankrupt

Q: My life insurance company has become insolvent. What should I do? Read Answer

Disabled Child

Q: I have a disabled child. Is there any government or private insurance product that will help me save for and fund his future care? Read Answer

Donating Policy to Charity

Q: Can I donate my life insurance policy to my favorite charity? Read Answer

Employer vs. Separate Company

Q: What are the advantages and disadvantages of buying life insurance coverage through my employer vs. buying through a separate company? Read Answer

Group Life Insurance

Q: I've heard that group life insurance is the most affordable way to get life insurance coverage. What is it and where can I get it? Read Answer

Insurable Interest

Q: What does insurable interest mean on a life insurance policy? Read Answer

Life Insurance if You're Single

Q: I'm single. Do I need life insurance? Read Answer

Lowering Costs

Q: Can I do anything to lower the cost of life insurance? Read Answer

Medical Exam

Q: What is a life insurance medical exam and how should I prepare for it? Read Answer

Pension Benefits

Q: I'm about to retire and start receiving pension benefits. Should I elect a single life annuity or a joint and survivor annuity? Read Answer

Permanent Life Policy - Converting

Q: My insurance agent advised me to convert part of my term life insurance to permanent life insurance. How does this work? Read Answer

Permanent Life Policy - Rate Return

Q: I'm unhappy with the rate of return I'm receiving on my permanent life insurance policy. Should I change or replace the policy for another? Read Answer

Separate Policy for Child

Q: Do I need to buy a separate life insurance policy for my child? Read Answer

Smoking

Q: Do life insurance companies really check out if I'm a smoker? How? Read Answer

Variable Life Policy

Q: Is it true that after 10 years the proceeds of a variable life policy and the cash value are tax-free if you want to withdraw the money? Read Answer

When to Buy

Q: When should I buy life insurance? Read Answer