Unlike things you buy and pay for in monthly installments, life insurance is something that you purchase and hope to never use. And yet, it can offer a lot of peace.
Life insurance is not difficult to understand, but there are certain terms and conditions that must be met before an application will be accepted.
Life insurance offers a death benefit to your loved ones in case you die. The cost of the death benefit comes in the form of a monthly premium, and the specific amount of the premium depends on many factors (type of life insurance, your age, health, location, and more). As long as you pay the monthly premiums and your policy term is valid, your loved ones will receive a death benefit payout from the insurance company in the event of your death.
While many traditional types of life insurance require a medical exam or access to your medical records, there are “no exam life insurance policies” that can give you coverage in just a few minutes.
