Readers Question:

Are term life insurance plans the best kind of life insurance coverage? How would I know if this is the right policy for me? Thanks!

Lilith

Sacramento, CA

That would dependent on your needs and goals when it comes to life insurance coverage. Here are the pros and cons of term life insurance coverage to help you decide if this kind of life insurance is the best for you:

The pros: Term life insurance is a temporary form of coverage only; people usually take out this kind of policy for a period of 10, 15, or 20 years only, so there is no need to pay for lifetime coverage. This type of policy is also much cheaper, as compared to permanent or whole life policies with comparatively the same amount of coverage or face value. Term life is pure and simple life insurance coverage.

The cons: Term life does not have any savings or cash-value feature, so theres no lump sum of money waiting for you at the end of the term. This kind of life insurance is also becomes more expensive as you grow older, and although it is renewable, rates may already be much higher compared to whole life plans.

Term life insurance coverage is highly recommended for people who are relatively young, and wants coverage while supporting a family, or paying long-term financial obligations like loans and mortgages. If you dont see yourself needing lifetime insurance, and would prefer to invest your money on more profitable choices like mutual funds, then you should consider getting that California term life insurance plan.

Most people prefer term life coverage because of its simplicity and affordability. If you are interested, there are many specialized websites called life insurance portals these days that can help you find the most competitive, most affordable term life insurance plans available in the market. You may want to check out the free life insurance quote search tool found on this website today; getting the right term life policy can give you the peace of mind knowing your family is financially secured, while saving you hundreds of dollars a year.

Readers Question:

How can get the most affordable life insurance policy in California? I am raising a family and I want to take out a policy just in case. Thanks!

Edith

San Francisco, CA

The good news is that life insurance policies are now more affordable than ever! Thanks in part to how the economy is going, stiffer competition among insurers, better underwriting practices, and because people now are living longer. Here are some very useful tips to help you get the most affordable life insurance in California (or wherever you are):

Buy Coverage Based On Specific Needs

Since you mentioned you’re raising a family, and want affordable coverage; a term life insurance plan maybe just right for you. A kind of life insurance meant to stay in-force for a definite period of time only, term life coverage is a simple, no frills type of coverage and is by far the cheapest.

Buy While You’re Healthy

People who have the foresight to buy while relatively young, and still in good health, will end up with better rates in the long run. Same goes for women who get life insurance before getting pregnant. These are the best time of ones life to buy coverage since rates are at their lowest.

Lose The Extra Weight

Obesity carries a lot of health risk that can shorten your lifespan. Life insurance companies take this into account when computing your premiums. Living a healthy and active lifestyle can do wonders and will save you money on coverage in the long-run.

Smoking Has A Price

There is never a wrong time to quit smoking. Smokers spend three to four times as much on life insurance costs compared to Non-Smokers. It takes three years of nicotine-free living to get your rates into that of non-smokers’, and save thousands every year!

Become A Smart Shopper

A smart consumer knows that the best way to get affordable life insurance in California (or wherever you are) is to compare one’s choices from a wide variety of options. This can easily be accomplished with the help of the many life insurance portals on the Internet (such as this website), each giving free and instant access to the latest rates and offers available.

Reader’s Question:

Im living in California and I am the primary earner in the family. Do you think term life insurance is the best choice for me? What are the benefits and where can I get a quote?

James

Thank you for asking James.

Most of the life insurance policies in California offer several options but term life insurance offer only limited flexibility. Additionally, term life insurance does not make any residual or cash value. After the expiry of term life insurance policy, this has no value for it anymore and you just need to renew it or purchase a new one.

If you will be needing temporary life insurance protection you may prefer to get a term life insurance quote in California. Sometimes it happens that an individual is not covered by any life insurance policy due to some reasons, under such circumstances, a term life insurance can fill the gap, protecting the financial interests of their family.Term life insurance is the best for you if you need a life insurance coverage for a short period.

Term life insurance is mostly offered for young working people with families they support. You can easily find the best California term life insurance quote using internet.

Goodluck!

MariCAR

Reader’s Question:

I want to get a life insurance policy but I would mainly need it to protect my daughter who is still in grade school here in California, should I go with a short-term insurance policy or should I go with a permanent one?

Ira

Costa Mesa, CA

The best way to choose a life insurance policy is to get something that would fit your personal goals or needs. This means one must first understand why life insurance coverage is needed. Life insurance provides a financial safety net for you when you get old, or for anyone you may leave behind who relies on you primarily.

In your case, you may be interested in getting a Term Life Insurance Plan. Since you are still supporting your daughter there in California (and I imagine your going to be doing so for a while) you want to make sure that her financial needs in the future are secured if ever that you pass away. Term life is very affordable and provides a relatively high sum of money or “face value”. You can get ten, twenty even thirty-year long policy periods that should be enough financial protection until your daughter until she is old enough to take care of herself. One drawback though is that term life tends to be more expensive in the long run, especially when the person being insured is older

If your goal is to be able to bequeath a lump sum of money to your daughter once your gone, without having to renew your policy every now and then, you may see that a Whole Life Insurance policy would be a better choice. This is policy is meant to be enforced as long as the insured is alive and is generally much cheaper in the long run than term life.

Tags: Affordable term life, affordable whole life, life insurance advise, life insurance info, cheap life insurance

Reader’s Question:

I have a life insurance policy here in California, is that the same as a health insurance policy?

Oliver

Bakersfield, CA

Although there may be accidental similarities, life insurance and health insurance are two completely different things. Life insurance policies are acquired for the sole reason of providing your beneficiaries financial compensation or a level of monetary support in the event that you die. Health insurance on the other hand, guarantees financial support (either partially or fully) in the event that you are hospitalized or otherwise in need of medical care.

It is not uncommon for a lot of people to confuse one from the other, which goes to show that there is a huge need to educate everyone about health and life insurance.

So if you die in an accident or become totally disabled, life insurance would pay you or your surviving beneficiaries the “Face Value” or lump sum benefits as stated in the life insurance policy that you bought there in California. If you get need medical treatment, needs to undergo surgery or an operation or is hospitalized for an extended amount of time, health insurance would cover the expenses for you.

It is important that people are aware of the distinct difference so that you will know if you have the appropriate kind of coverage that you need, you don’t want to end up in a situation where you are expecting your life insurance to pay medical bills. You can get more information about the kind of policy that you have there by calling-up your insurance broker or gathering information Online.

Tags: life insurance advise, life insurance information, life insurance, advise

Reader’s Question:

I’m the main breadwinner of our family of four here in California but I was thinking if it would be practical to get life insurance for my part-time working spouse as well?

Bart

Sacramento, CA

This is a very interesting question. A lot of married couples are faced with the decision of whether to get cheap life insurance by just having one spouse insured or having to invest on coverage for both. If both of you can afford to, it would be much better to get life insurance for both husband and wife, even if she is just earning part-time there in California. With the cost of living these days, bills needing to be paid, childcare, mortgage and loans and credit card debt, both of you would want to make sure that your children are left with a decent standard of living in the event you and your wife are no longer there to provide for them financially.

If you think that your wife’s income is also contributing (even if not tremendously) towards the household income, and she does not have any medical conditions or illness that might cause her to die prematurely (this would include lack of smoking habits, if she is leading a healthy lifestyle) then a life insurance coverage for both of you is highly advisable. Shop around by going online and using life insurance portals to determine the companies that give the best rates. You may even get a discount for deciding to get more than one policy. Term Life Insurance would be advisable if your family is still young and you are still paying some long term obligations since it is much cheaper and is only meant to be maintained for ten or twenty years.

Tags: spouse life insurance, life insurance policy, life insurance coverage, advise

Reader’s Question:

Would my age be a major factor when my life insurance rates here in California are computed?

Harry

Pomona, CA

Yes, age is definitely a big factor in determining your life insurance policy. It would cost less to provide life insurance coverage to someone in their mid-30s as compared to someone who is in their late 80s. This is because an older person would have a much higher chance of costing the life insurance company money in the form of death benefits payments. Also, not all life insurance policies are designed for senior citizens, most are long term commitments that are either designed to make your money grow and has a certain holding period in which, in the event of your untimely death, the beneficiaries might receive less (or none at all) of the benefits agreed upon in the life insurance policy.

It would also be beneficial to know that your health, your lifestyle and any pre-existing medical conditions or illness that you may have would also affect how your life insurance policy there in California is priced. Depending on your health, you may fall under four categories most commonly used by life insurance companies namely, Preferred Best, Preferred, Standard, and Tobacco. These categories range from the best life insurance rates available (Preferred Best) to the most expensive (Tobacco). If you travel a lot or take part in extreme sports, or activities that frequently places you at physical or medical risk, your life insurance premium might be higher to reflect that.

Tags: compare life insurance rate, insurance, life insurance, life insurance advice

Reader’s Question:

Hi, my employer has already purchased group disability insurance in California. Do I still need to consider purchasing individual life insurance? Does working in an electrical company considered hazardous?

April

Los Angeles CA

The job is considered dangerous according to the fatality rate or the ratio between deaths and the total number of people employed in that profession. Based on the Bureau of Labor and Statistics, in the year 2007, few of the most hazardous jobs were related fisher workers, farmers and ranchers, roofers, electrical power-line installer and repairer, police and patrol officers, and drivers. If you work for an electrical company, your occupation may be considered as risky because of the possible danger it may entail. To make
sure, you can check with your insurance agent if your occupation is considered risky.

If your employer has already covered your group with a disability insurance or what they also called Accidental Death& Dismemberment Coverage, you may still want to consider purchasing an individual disability insurance policy because of the more benefits that you’ll be getting. If you leave the job, note that you cannot take the group disability insurance policy with you and cannot convert it to an individual policy. Without an individual policy, you might be left without coverage when you need it the most. Security programs from the government and other compensation for protection because the benefits to be paid are limited to certain restrictive terms.

Tags: hazardous jobs life insurance, life insurance

Reader’s Question:

I hate to say this, but I really have no time for all those medical exams being required when you get life insurance. Is there a way for me to forego this medical exam in Glendale California CA?

Richard

Glendale, CA

You may be pleasantly surprised to know, Richard, that there is actually a considerable chunk of the population with the same wish as you. We all live in a super fast-paced world that we have invented the words multi-skilling and multi-tasking. It’s not enough that we have a mobile telephone, but this telephone has to have everything – a camera, mp3 player and other features. We socialize over the internet and if it is very very important for us to talk to somebody, we do video calls. So it is really just logical that life insurance will be available online. In this bizarre world, whoever gives the service at the fastest time wins the game because as the expression goes – time is money. And if it available in some places, it must be available in Fresno California CA.

Getting life insurance online is just like having it through a live agent. You can start this by entering your zip code on the space provided for you. It will give five free quotes from different insurance companies in Fresno California CA. make sure to check these insurance companies one by one, starting from their vision and mission and most definitely including their financial statements which will also be available online. It will also be a big help if you can check out results of independent raters and see how your company fares out.

When you have chosen your insurance company, you proceed on answering the application form online. Let me warn you now that it can be quite lengthy but bear in mind that your coverage and premiums depend on it and so you have to answer it accurately as much as possible. After you’ve done this, you just sit back and relax and wait for your first bill.

Tags: instant life insurance, life insurance leads, life insurance online, life insurance options, no exam life insurance

Reader’s Question:

I was about to finalize my life insurance with my agent from Fairfield California Ca when it hit me that this is not a joking matter, and I am actually committing to something for life. Is there a way to know if I have chosen the right insurance company?

Jeremiah

Fairfield, CA

I could (and allow me to exaggerate here) never have said it any better, Jeremiah. Getting life insurance is really a commitment, both for you and for your insurer in Fairfield California CA. You see, life insurance, of all insurance types available, has the longest gestation period – that is, effectivity and time it takes to reap the benefits. It will not be less than ten years (unless you bought term life). So, thank you for this realization, before you finalized your life insurance policy. Your current insurer may still turn out to be the best choice, you know, so all is not lost. All I’m saying is, you need to make sure that you are making an informed decision. It would really be a shame nowadays to make an uninformed decision because information is aplenty.

The usual things you’d want to check about your potential life insurer is their stability, which can be shown by some key performance indicators such as revenues, income, assets and liabilities. You should also check how many policies they have had, and how many claims pushed through, and to what level have they given away payouts. You might want to look at the quality of their customer service, after all, you will be together with them for a long time. You can even ask around for somebody who’s dealt with them before.

But don’t discard that policy from your Fairfield California CA insurer just yet, Jeremiah, it may turn out to be the best option you have. To get other options, simply plug in your zip code to the space provided on this page. Jeremiah, I hope you’ll also give me the privilege of knowing how things turn out.

Tags: life insurance leads, life insurance options, life insurance provider