answersLogoWhite

0


Best Answer

Mortgage insurance

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What type of life insurance should you buy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Life Insurance Policy?

form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_


Where to buy mortgage life insurance?

You should never buy mortgage life insurance. It is an expensive simplified issue term policy. Just buy a regular term life insurance policy. Find an independent agency and have them run you quotes on whatever amount is your mortgage plus living expenses for your family for 5 or 10 years.


Where should someone go in order to buy term life insurance?

Many insurance companies offer term life insurance. Some of these include MetLife, State Farm, and AAA. Term life insurance is often bought in level term life insurance, meaning it can last a fixed number of years.


When buying term life insurance should you buy 10 year 20 year or more?

Buy the highest amount they will allow you while you are younger and healthier. You never know what your health condition will be in 20 years. You should always buy life insurance with a goal in mind. What is your goal for buying the term life insurance? Why do you need it, and for how long? You should buy term life insuran e for a term that fits your needs. If you are buying term life insurance for mortgage protection, maybe 20 or 30 years is right, depending on the length of your outstanding mortgage loan. If you are buying term life insurance to provide protection until your children are on their own, maybe 20 years is right for you. It depends on your personal situation. Premiums would depend on your age and certain health factors and your lifestyle. If you are young you may even want to go for 30-year term insurance. The premiums for a 10-year term would be more expensive than premiums for a 20-year term. This type of insurance is strictly for meeting your family's needs should you die within the term period. It accrues no interest over the years and there is no surrender value.


Can you buy life insurance on anyone?

Not anyone. You have to prove insurable interest on that person and they have to sign that it is alright for you to own life insurance on them.

Related questions

Do vets get life insurance?

They can buy life insurance...and should!


Why should an individual in their 50s buy life insurance?

An individual in their 50's should buy life insurance, because that's the age one becomes more likely to die of a heart attack or have some type of accident.


Life Insurance Policy?

form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_


Where can one buy life insurance online?

One can buy a life insurance online at Colonial Penn, AAFMAA, OLE and many others. One should take care and time before applying for a life insurance. Some life insurance sites might be untrustful.


Can I buy insurece at 87 years of age?

It would depend on what typwe of insurance you want. You may buy fire insurance for your home however you cannot buy life insurance and you might be able to buy car insurace. No matter what type you buy it will be expensive.


Should I look for affordable whole life insurance, or is it better to just buy a term life insurance policy?

Whole life insurance does come with several benefits. I would personally suggest term life insurance the the cost savings.


Where could one purchase cheap life insurance?

Zander insurance shops around to find the best insurance prices available. They do not deal with whole life, universal life or any other type of cash value insurance. They only deal with term life insurance, which is the best buy in insurance industry.


Should you buy life insurance from your children?

If your children sell life assurance, and you want some, and theirs is the best for you, then do it.


Where can I buy a life insurance plan?

You can buy a life insurance plan, individually, or a family life insurance plan, from a bank, or an insurance company, such as all state, progressive, or state farm.


Where to buy mortgage life insurance?

You should never buy mortgage life insurance. It is an expensive simplified issue term policy. Just buy a regular term life insurance policy. Find an independent agency and have them run you quotes on whatever amount is your mortgage plus living expenses for your family for 5 or 10 years.


Where can one find life and critical illness insurance?

Many companies sell life and critical illness insurance. Employers often offer this type of insurance as a benefit, and it is frequently cheaper to buy it from one's employer. Otherwise, one can purchase this type of insurance from MetLife, Prudential, or any number of other insurance providers.


Affordable Life Insurance?

form_title=Affordable Life Insurance form_header=Find the best life insurance company and lowest rate. How much coverage do you want?= {(),$100000,$200000,$300000,$400000,$500000,$600000,$700000,$800000,$900000,$1000000,$1500000,$2000000,$2500000,$3000000,$4000000,$5000000,$10000000 } Do you currently have any type of life insurance?= () Yes () No What type of life insurance are you looking to buy?= () Term Life () Whole Life () Not Sure