We have compiled a brief list of frequently asked questions regarding term life insurance. If you have a specific question that is not answered here, please contact us anytime. Does term life insurance pay benefits for any type of death? Generally, individual term life insurance pays a death benefit whether an individual dies in an accident or from natural causes. There are certain exclusions that may apply. Check the policy or call Term Life Florida for specific exclusions. For example, many policies exclude suicide, if the suicide occurs within the first 2 years of the policy. If I have term life insurance and don't die within the term, will I get a refund of the premium?? With standard term insurance there is not a refund of premium. However with NEW Return of Premium Term Insurance, at the end of the term you will receive 100% back of your paid premiums. Will the annual premium I pay for term life insurance change during the policy term? Level term life insurance policies often guarantee that the premium will not increase for a specific number of years. Refer to your policy or ask Term Life Florida to find out how long the premium is guaranteed. Can I cover my children under my life insurance policy? Most policies let you add a rider that will provide up to $10,000 of coverage for each child. The additional premium is usually the same if you add one child or all of your children. Also most policies have a spouse rider available. Will I need to take a medical exam when I apply for life insurance? Nearly all insurance companies require a medical exam. The medical exam can be done in your home and will probably include blood and urine samples. The insurance company pays for the exam. If I have an existing medical condition, will I be able to get life insurance? It depends on the type and severity of the condition, how long you've been treated for it and other factors. In some cases you may not be eligible. In other cases you may be eligible, but you will usually pay a higher premium. Also you are not under any obligation or fees when you fill out an application to see if you are insurable and at what cost. How do I find out more about my life insurance policy? Term Life Florida can answer most of your questions. Contact us with questions about insurance coverage. If you have any other questions, please call 1-888-973-8377. Get a Term Life Insurance Quote and Analysis. |
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