Most Commonly Asked Questions About Life Insurance Part 1 скачать в хорошем качестве

Most Commonly Asked Questions About Life Insurance Part 1

In this video we'll go over some Most Commonly Asked Questions About Life Insurance. So you can better understand your life insurance options. This channel was created to provide viewers with content that will help them better understand life insurance. As a licensed Life Insurance Agent, I will go over the most important, essential facts and topics in these videos. hello my fellow insurables I'm Kelli and today instead of having a specific topic I'm just gonna answer the most commonly asked questions about life insurance that I get and I know there's a lot of misinformation or misconceptions about life insurance out there so here we go number one is a medical exam required to get life insurance well the answer to that luckily is no not anymore now typically if you were gonna get a pretty high amount of life insurance maybe two million dollars or more than a medical or physical examination would be required but any more insurance companies will just ask you some questions about your health your lifestyle you know do you smoke maybe some of your family history and then they're also going to check that against your MIB your medical information Bureau report record and they can see you know just how healthy or unhealthy you are and that's how you go about the process of applying for life insurance without having a medical exam you know who should be the beneficiary on my life insurance policy man uh I mean usually people are gonna choose you know a spouse a life partner a child you know you can also name other relatives a parent a sibling uh sometimes business partners uh also get life insurance on each other so those are some of the common ones and then here's kind of a follow-up to that uh that's my dog entering the room Luanne can I change my beneficiary after I've started a policy and luckily the answer to that is yes hey you know sometimes things happen maybe you get divorced because here's another fact if you're if you get divorced the life insurance company doesn't know and it doesn't necessarily mean that you're going to change that beneficiary so if you do get divorced and you don't want your ex-wife or ex-husband to be the beneficiary anymore you need to contact the life insurance company and let them know and just as with an ex-spouse hey uh maybe your beneficiary died and you didn't have a contingent beneficiary named so then you would change it or maybe maybe one of your relatives or whoever your name just made you mad or you just see that they're unfit to receive that money so you can always contact the life insurance company and make those changes with them here's a great one you know how does the life insurance company know when someone dies like a policy holder an insured well they don't so if you are the beneficiary it's going to be up to you to a find a copy of the policy or get the name of the life insurance company you're also going to need a certified death certificate and you're going to submit that to the life insurance company in order to get the process of that death claim going what is the difference between term and permanent life insurance or as we say term or perm well here's the big difference term life insurance is temporary so if you hear the word term you can also think of it's going to terminate so term insurance basically gives you insurance only for a set period of years insurance just as the name sounds is going to give you permanent coverage it lasts your entire life whether you have a whole life policy or universal life insurance either one of those are permanent life insurance which life insurance company should I go with who should I buy a policy through you know this really depends now I will say not every single life insurance company is in every single state so sometimes the state that you live in is going to determine or kind of narrow down the company that you may go with if you have certain medical issues that may narrow down who else the company that you may be able to get a policy with and you know just because a life insurance company doesn't have a huge name like Prudential New York Life or Mutual of Omaha or one of those doesn't mean that they're not a reputable company uh there's there's probably companies you've never heard of that have been in business for over a hundred years they're just not as big as some of the ones that do massive marketing and commercials and whatnot on TV and the interwebs here's my next one can I get life insurance if I'm sick or really ill and fortunately the answer to that is yes depending on your ailment illness or disease or what's what's going on like I said before that's really going to kind of determine the company that you can go with now if you're in really Dire Straits and you have really poor health and you haven't been able to find life insurance through anybody else there are plans policies