0
You get life insurance to help pay for your funeral, help pay off your debts & if you have children they will most likely get some money to help them out until they are old enough to get their own job and support themselves.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What type of life insurance should you buy?
Mortgage insurance
Can one obtain life insurance coverage from Prudential?
"Yes you can obtain life insurance from Prudential. Questions you should ask yourself include how much life insurance do I need, Do I need life insurance for my family."
What are the benefits of purchasing term assurance?
Term life insurance will protect the policyholder should his or her life end unexpectedly. Term life insurance is often the cheapest of all available insurance. Usually, term life insurance can be converted to whole life insurance during the term. Whole life insurance will never expire and the rates will remain constant throughout the policyholder's life.
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.
Is there mortgage insurance in case of death?
Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.
Do vets get life insurance?
They can buy life insurance...and should!
What are common questions about life insurance that one should ask the life insurance agents before buying a policy?
Common questions about life insurance that one should ask the life insurance agents before buying a policy are if it is term or whole life insurance and how much it cost.
What type of life insurance should you buy?
Mortgage insurance
What are the terms for vaiable life insurance?
You should consider life insurance that covers you for the amount you need. Term life insurance is one form of coverage.
What happens to your life insurance when you are no longer employed?
If the life insurance was provided by your employer and your employment is terminated, you will lose the life insurance protection. You should look into individual life insurance, which you can take with you if your employment terminates.
Can one obtain life insurance coverage from Prudential?
"Yes you can obtain life insurance from Prudential. Questions you should ask yourself include how much life insurance do I need, Do I need life insurance for my family."
How much child life insurance should I have on my children?
This should depend largely on the age of your children. If they are of young age, they are relatively safe and only minimum life insurance is required. If they are at work age, insurance should be proportionally larger, around $2000 could give you a good life insurance.
What kind of life insurance should you get?
When deciding what type of life insurance to get, someone can choose between term and whole life insurance. Term insurance pays out when a person dies and whole life can be cashed in if you need the money early.
When should you discuss the living benefits of the life insurance policy to the prospet?
During the consultation period. You should fully explain what life insurance is and what are the differences between types of life insurance. If properly explained you would need to cover that topic.
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.
Will life insurance pay in the event of a car accident?
There are very few exclusions in a life insurance policy so it should.
What should I know about comparing the cost of term life insurance online quotes?
You should find out about the coverage and specific terms of term life insurance online quotes.
