Life Insurance FAQ, Information & Guides
You’ve got question about life insurance, and we’ve got answers! Browse our life insurance FAQ section and get the information you need, quickly and easily!
Beneficiary—Changing
Q:
How do I change the beneficiary on my life insurance policy?
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Beneficiary—Non-relative
Q:
Can I name someone other than a relative as the beneficiary of my life insurance policy?
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Cigars & Smokers' Rates
Q:
I don't smoke cigarettes, but I smoke cigars occasionally. Will I have to pay smokers' rates for life insurance?
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Company Went Bankrupt
Q:
My life insurance company has become insolvent. What should I do?
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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?
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Donating Policy to Charity
Q:
Can I donate my life insurance policy to my favorite charity?
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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?
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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?
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Insurable Interest
Q:
What does insurable interest mean on a life insurance policy?
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Life Insurance if You're Single
Q:
I'm single. Do I need life insurance?
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Lowering Costs
Q:
Can I do anything to lower the cost of life insurance?
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Medical Exam
Q:
What is a life insurance medical exam and how should I prepare for it?
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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?
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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?
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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?
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Separate Policy for Child
Q:
Do I need to buy a separate life insurance policy for my child?
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Smoking
Q:
Do life insurance companies really check out if I'm a smoker? How?
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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?
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When to Buy
Q:
When should I buy life insurance?
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