LifeNet Insurance Solutions Blog

Life Insurance rates can be confusing.  When looking at different policies from different companies, you may wonder how life insurance policy pricing works and what you can do to get the best value.

When considering online life insurance quotes, think of the car-buying process. When you’re in the market for an auto, you’re likely to do an Internet search to research the models, the features, and the prices. But then you’ll go look at the cars that interest you, because everyone knows it’s reckless to buy a car sight-unseen. 

When you decide it's time to look for life insurance there are some things you ought to know. Let's call them life insurance basics. This information will help you become an informed consumer.

As your children leave home, you may think you don't need life insurance any more. However, many of us are living longer these days and life insurance for seniors can be an important part of the total package of your future financial planning. Whether you want to protect an income for your spouse, or leave your estate intact for your family, you might want to discuss with an independent insurance agent how life insurance can help you. Why an independent agent? Because they work for you, not a company.

Convenience is the obvious allure of buying from an insurance premium calculator website. But just as with buying at a convenience mart instead of a full-scale grocery store, you’re going to pay dearly for that convenience.

Life insurance over 50 is both the same and different as life insurance under 50!  What I mean is...life insurance and the process of getting it is the same, regardless of your age.  The reasons one needs life insurance over age 50 are often different than under age 50, although there is certainly some overlap.

Can people who have Type 1 or Type 2 diabetes get life insurance?  Yes.  Although life insurance for diabetics does cost more than for a person without diabetes, not getting life insurance can be much more costly for the financial future of your family.  Moreover, if you demonstrate you have control over your diabetes, you may qualify for standard, or Table 2 rates.  On occasion we have seen diabetics get a preferred or standard plus rating.

Should you avoid a life insurance blood test?  You may worry about what the results of the test might show, or just hate the idea of needles.  It is possible to get life insurance without undergoing a medical check-up and lab tests, but it really isn't worth it.  It's more expensive and gives you fewer options.

People 50 and older often need to re-consider their life insurance needs. Sometimes, as people approach 50, their Term Life Insurance is ready to expire.  Other people have Whole Life policies and wonder if they can convert to something which would offer more flexibility.  Whatever your insurance needs, you may want to consider Universal Life Insurance. Here are the Universal Life Insurance Pros and Cons:

People get life insurance over 50 for many different reasons.  As we age our life insurance needs change, along with our income and net worth.  Sometimes we need more insurance, sometimes less.