Whether to buy permanent or term life insurance depends on what your purpose for the policy is. If you are trying to guarantee a mortgage or car payment, a term life policy might be the best solution, but if you are setting up a policy to provide for the…

There is not a type of insurance that is specifically designed to help with the care of a disabled child, either private or sponsored by the government. However, you can set up a whole or universal life insurance policy so that it pays into a trust fund for…

The only thing that all term life insurance policies have in common is that they are all written for a specific period of time. Beyond that, the laws of each state and the company procedures of each insurance company open the door for a lot of variation.…

There are life insurance policies available that do not require any type of examination, including testing for illegal substances. This type of life insurance may be limited in payout, or have substantially higher premiums to maintain the policy, but they…

It is not unusual for one person to own a number of different life insurance policies. For example, one policy might be a universal life policy, while another is a term life policy expressly intended to pay off your mortgage if you pass away, and a third…

There is a special type of life insurance policy available, known as a mortgage life insurance policy that will pay off your home in case of your demise. This type of coverage is required by some lenders, and typically pays directly to the company which holds…

Depending on the company you use and the state you live in, it may be possible to add a spouse rider to your policy which covers your domestic partner. Some states recognize same sex partnerships, and some life insurance companies recognize them even in states…

Life insurance, unlike other types of insurance, is not dependent on the country you are a citizen of to determine whether or not insurance is available. And because life insurance follows the insured person in their daily lives, a policy must be able to…

The answer to this question depends on your insurance company, the type of life insurance policy you have, and the types of changes you need to make. Some changes, such as changing the beneficiary, are relatively common and can be made to any policy, while…

Policy Types - There are three primary types of life insurance: Whole or permanent life, term life, and final expense insurance. Whole life insurance will follow you throughout your life as long as the premiums are up to date, term life is only valid for…