progressive term life insurance

Term life insurance can be a cost-effective way for many to protect their financial security and to provide financial support to loved ones in the event of a death.

A simplified issue policy requires that you complete a detailed questionnaire about yourself and your medical history. You will need to give access to all of your previous medical records. You do not need to take a medical examination. Only the answers to your questions and records from previous medical visits are required.

Remember: When applying for insurance, it is essential that you disclose any medical conditions. Your policy could be canceled if the insurance company finds out that you have not disclosed something after your death. In this case, your beneficiaries will not receive the death benefit that you had planned.

No whole or term insurance policies with medical exam coverage are available. The death benefits for whole life coverage are often limited to $50,000 -- this is ten times less than for term insurance. If an insurer doesn't offer medical coverage that includes a higher death benefits, it usually means that the medical test is dependent upon your answers to certain health questions.

Term life is a type if life insurance that has a fixed end date. For example 20 years after the policy was started. Only the policyholder's death during the selected term will result in the death benefit being paid. When the policyholder is no longer alive, the death benefit will be paid to the beneficiary.

There are two types of life insurance. Permanent and term. There are many types of policies within these two categories. You can build a solid life insurance plan by understanding what is right.