Life Insurance FAQs

Often less, but it can still help cover debts that others co-signed, final expenses, or lock in a low rate while you are young and healthy. The need grows once others depend on you.

Many policies use a brief exam and health questions to set your rate. Healthier applicants generally pay less. Some no-exam policies exist but can cost more for the same benefit.

Employer coverage is often only one to two times salary and usually ends when you leave the job. Most families with dependents need an individual policy in addition to it.

Typically the people who depend on your income. You can name multiple beneficiaries with percentages and a contingent beneficiary as a backup. Keep designations current.

Claims can be denied for material misrepresentation on the application or, commonly, during a contestability period in the first two years. Answer all application questions honestly.