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You may be surprised - some of you pleasantly surprised - to find out that not all tem life insurance companies require potential policyholder s to undergo a medical exam. That s right you can get term life insurance with no exam. Not that there are term life insurance companies out there offering term life insurance policies with no medical exams, but, there are some out there.

Whether or not you are going to be able to get term life insurance with no exam really depends on the term life insurance company from which you want to purchase your term life insurance policy. Each term life insurance company requires, or does not require, its potential policyholders to undergo a medical exam based on that particular term life insurance company s underwriting process. For example, some fly-by-night term life insurance company s may try to lure customers by boasting the fact that they offer term life insurance with no exam. At the same time, longstanding and reputable term life insurance companies may (more...)

Have you been thinking about buying life insurance and are overwhelmed with all of the possibilities? Here s a good starting point to learn the basics about life insurance.

What is a life insurance policy?

A life insurance policy is a legal contract between you (the insured/policy holder) and the insurance company (also known as the insurer). This contract establishes the terms, conditions and amount that a company will pay to your beneficiaries, upon your death.

Why buy life insurance policies?

Generally, life insurance policies provide protection for the surviving family members. I say generally, because there are times when a company may purchase life insurance to cover one of their key employees whose death would cause severe financial strain on the company. Or a credit card company may offer life insurance to the card holder that will pay off the outstanding balance.

There are two types of life polices, permanent and term:

Permanent Insurance Policies: Per (more...)