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Term Life Insurance by Top
Rated Companies
More term companies
equals the best opportunity to obtain the lowest term quote!
Offering the Largest Selection of
Top-Rated Companies Instantly!
Why is this important?
Personalized
Tele-Application for All Companies, Right Over the
Phone!
For the serious shopper who would like a seasoned
professional to assist them-
"how term life insurance
works", "return of premium term life insurance",
"no exam term life insurance" and "what is term life
insurance" will be explained on this page.
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Frequently Asked Life Insurance Questions
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Your Questions, Our Answers!
Frequently asked life insurance questions is presented because Term Life America Insurance
wants you to understand your policy and underwriting procedures,
so you
can make the best choice for your family or business.
YOUR QUESTIONS
A |
Why should I choose Term Life America?
B |
How does Term Life America protect my personal information?
C |
What is the difference between term and permanent insurance?
D |
How much life insurance do I need?
E |
How do I request a life insurance application?
F |
Is a
Medical Exam is required?
G |
When does coverage begin?
H |
When does my first premium payment start?
I |
What are company ratings about?
J |
How do I determine my health class for premium calculation?
K |
What if I smoke cigarettes or use other forms of tobacco?
L |
Can my policy be cancelled?
M |
Is there a money refund guarantee?
N |
What if
I already have a life insurance policy, should I cancel and
start over or add a new policy?
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OUR ANSWERS
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A |
Why should I choose Term Life America?
We started our life insurance and estate
planning business in 1976. We offer to shared our knowledge to
obtain your goals and objectives. We provide our clients with the
best life insurance choices available, and at generally the lowest
premiums that A-rated or better companies have to offer. We offer
both
term
and
permanent life insurance products and work with
impaired risk underwriters. We establish the best
selection of plans for both families and businesses. Our automated
system allows for the fastest policy issue time possible.
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B |
How does
Term Life America protect my personal information?
Your information is seen only by the medical
exam nurse, the underwriter and us. We are licensed and under the
jurisdiction of the
state insurance departments in which we do
business.
*One should be aware however, that ALL INSURANCE COMPANIES
SHARE INFORMATION through the national
Medical Information Bureau
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C |
What is the
difference between term and permanent insurance?
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Term insurance is purchased
for a certain period of time. You pay your premium over
the time covered. If during the policy death should
occur, the benefit (face amount of the policy) is paid
to your beneficiaries. If at the end of the policy you
are still alive generally no benefits are paid. A new
product called
Return Of Premium term life
insurance is becoming very popular.
Permanent life insurance allows you to build 'cash value' throughout the life of
your policy. There are several types of permanent life
insurance which you should become familiar with before
deciding which is best for your objectives.
Learn more about the types of life insurance.
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D |
How
much life insurance do I need?
Life insurance is purchased to replace income, cover all
expenses and all debt, pay for final expenses, cover estate
taxes and to create an estate at the time of death. The
inflation rate should always be included in your
calculations of need; otherwise funding for death that may
occur 15 years from now will be 50% or more under estimated.
Start to determine your need by going to our
life insurance
needs calculator.
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E |
How do I request a life
insurance application?
- There are two ways you can begin the life insurance
application process. You may want to begin by
running a life insurance quote. A request for an application can be found on the quote
results page. The second way is to request an
application by completing our
contact us form or one of our
impaired risk
forms.
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F |
Is a Medical Exam required?
- An exam is generally required in the application process
for life insurance. A licensed paramedical will complete
the exam at your home or another convenient location.
The exam includes a blood and urine specimen, blood
pressure reading, height and weight measurements and
also a few health history questions. It takes
about 15 to 20 minutes and is paid for by the
insurance company.
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G |
When does coverage begin?
- Coverage begins once the policy has been issued and all
of the delivery requirements have been returned and
accepted by the insuring company. Temporary coverage may
be received while the policy is being underwritten. A
conditional receipt can be issued for this during the
application process.
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H |
When does my first premium
payment start?
- The first premium payment should be made
with the
application. When this is done, you will have
conditional coverage during the time it takes for the
policy to be underwritten and issued.
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I |
What are company ratings about?
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J |
How do I determine my health class for premium calculation?
Life insurance companies use several different factors in
order to determine a person's health class. These factors
can include personal medical history, family medical
history, financial strength, and hazardous avocations and/or
occupations. Also, guideline may differ by company.
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GUIDELINES |
Preferred Plus |
Preferred |
Regular/Standard |
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Family |
No cancer or cardiovascular death of either parent
before age 60. |
No cancer or cardiovascular death of either parent
before age 60. |
No more than 1 cancer or cardiovascular death of parents
before age 60. |
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Blood Pressure |
140/85 |
150/90 |
155/95 |
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Cholesterol Levels |
Under 210, HDL: Less than 5.0 |
Under 240, HDL: Less than 6.5 |
Under 280, HDL: Less than 8.0 |
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Health History |
No history of major health conditions, such as, cancer,
diabetes, heart disease. |
No history of major health conditions, such as, cancer,
diabetes, heart disease. |
Some major health conditions allowed. |
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Driving History |
No more than 2 moving violations in the past 3 years. No
record of DUI or reckless driving. |
No more than 2 moving violations in the past 3 years. No
record of DUI or reckless driving in the past 5 years. |
No more than 2 moving violations in the past 3 years. No
record of DUI or reckless driving in the past 2 years. |
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Tobacco |
No use of nicotine products in past 3 years. |
No use of nicotine products in past 3 years, also
preferred smoker rates available. |
No use of nicotine products in past 1 year, also
standard smoker rates available. |
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Substance/Alcohol Abuse |
No history of alcohol or substance abuse. |
No history of alcohol or substance abuse. |
No alcohol or substance abuse in the past 7 years. |
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Aviation |
available with additional rider. |
available with additional rider. |
available with additional rider. |
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K |
What if I smoke cigarettes or
use other forms of tobacco?
- In order to qualify for lower non-smoker rates, most
insurance companies require that an individual be a
non-smoker for at least one year. Insurance
companies view other tobacco products like cigars, pipes
and chewing tobacco in the same rating as cigarettes;
however, Term Life America works with companies that
will allow pipe, cigar and chewers to qualify as
non-smokers.
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L |
Can
my policy be cancelled?
- Basically no. Once a policy is issued, it cannot be
canceled by the insurance company. If your health
changes and you continue to make the required premium
payments the policy will stay in force.
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M |
Is there a money refund guarantee?
- Yes. you can receive a full refund during you ten day
right to review clause after the policy has been issued
and delivered.
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N |
What
if
I already have a life insurance policy, should I cancel and
start over or add a new policy?
- The most important thing to remember is to not cancel
any existing coverage until the new policy has been
approved, delivered, and put in force. Compare the your
current policy to the one you want to purchase by
comparing price, guarantee periods, convertibility,
financial strength of the insurance companies. When
beginning a new policy a new contestability period and
suicide period will start, and usually lasts for the
first two years of the new policy.
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