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Life Insurance Answers
Plain answers to ten questions, each one linked to the page that explains it properly.
Book a Coverage Review →The short answer
Short answers to the ten questions clients ask most: cost, medical exams, term versus whole life, coverage at 60, health problems, exclusions, how much to buy, graded benefits, funeral costs, and IUL.
The questions people actually ask
Short, direct answers. Each one links to the page that explains the mechanics in full.
How much does final expense insurance cost?
It depends on your age, your health, the face amount you choose, and the carrier. There is no single rate, and any site quoting one without asking your age is guessing. A quote is free, requires no medical exam, and does not involve a credit check. More detail →
Do I need a medical exam to get life insurance?
Not always. Many policies are approved on health questions alone, especially final expense and simplified-issue products. Fully underwritten policies use medical records and sometimes a paramedical exam, and usually price better for the same coverage. More detail →
What is the difference between term and whole life insurance?
Term covers you for a fixed number of years and pays only if you die within that period. Whole life is permanent, never expires as long as premiums are paid, carries a fixed premium, and builds cash value. Term buys more death benefit per dollar; whole life buys permanence. More detail →
Is life insurance worth it at 60?
It depends on who depends on you. At 60 the need usually shifts from replacing decades of income to covering final expenses, a mortgage the survivor would otherwise carry, or a legacy. If none of those apply, the honest answer is that you may not need it. More detail →
Can I get life insurance with health problems?
Often, yes. Simplified-issue policies ask health questions without an exam, and graded-benefit policies accept applicants with significant history in exchange for a waiting period before the full death benefit applies. A decline from one carrier is not a decline from all of them. More detail →
What does life insurance not cover?
Life insurance does not pay for anything you outlive, and it does not cover death by suicide during the contestability period — commonly the first two years, depending on the state and contract. Material misstatements on the application can also give a carrier grounds to rescind. More detail →
How much life insurance do I need?
Add the debts that carry a monthly payment, the income your household would need to replace and for how long, final expenses, and a buffer. Rules of thumb like income multiples are a starting point, not an answer — the list produces a number that reflects your actual obligations. More detail →
What is a graded benefit policy?
A policy issued with a waiting period. If death occurs during that period, the carrier typically returns premiums paid rather than paying the full death benefit. It exists for applicants whose health would otherwise mean no coverage at all. More detail →
Does life insurance pay for a funeral?
The policy pays the named beneficiary, who can spend the money on anything — most use it for funeral costs. Because funeral homes generally want payment before services, families often use the policy itself, or assignment arrangements, to cover the cost without waiting for the claim. More detail →
What is the difference between IUL and whole life?
Whole life has guaranteed cash value growth and a fixed premium. Indexed universal life ties cash value crediting to an index with a floor at zero and a cap on gains, and its charges are not fixed. Whole life sells certainty; IUL sells upside with protection against index losses. More detail →
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