insurance

We recently found out we are expecting a baby and need to open a life insurance policy in case something would happen to him so we'd be taken care of. We have insurance that is paid for by his employer. How do we go about getting life insurance? Is it added to our existing medical insurance, or can we get it separately?

You can buy a separate life insurance policy on your own, in addition to requesting life insurance from your employer, if they offer it.

To get your own life insurance policy you can contact a local life insurance agent, or visit a life insurance quote service to request free life insurance quote comparisons online from several insurers. You can learn about term life insurance at http://free-best-life-insures-comparator-usa.blogspot.com/

Term life insurance offers you temporary life insurance for 1-30 years. It costs much less than permanent life insurance, because it is temporary, and builds no cash value within the policy.

Many young families choose 10, 20, or 30 year level term life insurance because it offers the most coverage at the lowest cost.

Level term life insurance provides coverage and premiums that remain the same each year for up to 30 years.

If you want, you can request life insurance from your employer, but you may have to pay for it, and if you leave your company, or get laid off, the group term life insurance plan ends. You may be able to convert it to a permanent life insurance plan, but it would cost you a lot more. And, if you waited until later to get your own life insurance policy, you may not be able to qualify for coverage if you develop a health condition.

You may want to consider a term life insurance policy for you and your husband. Imagine what it would cost to replace everything you do for your family, and will be doing for your growing family once you have a child.

Bets of luck to you and your husband. And, Congratulations!!!

Having insurance through your work place is not the same thing as having your own personal policy. In my opinion, a personal policy is always recommended irrespective of whether you have a group policy from your work place or not. And with you expecting a family, a higher coverage is necessary as well. Do not be afraid of the life insurance application process. The advant of the Internet has made it as painless as possible. There is a set process involved in applying for life insurance online. The first step in doing so is to calculate your individual insurance quote. Answer the required questions regarding health, age, sex, smoking habits and lifestyle and wait for only a few minutes to receive comparison quotes for your review. Once you have made up your mind about the product, complete filling the application form (as required) and within days of your application request, you will have to undergo a routine medical exam, paid for by the insurance company. After the medical results have been sent to the insurance company, you will receive notice about your final eligibility for the policy in about four to eight weeks time. If your policy is accepted, you need to remit the initial premium to the company directly and your insurance is applicable as soon as they receive your first payment.

John

You can contact your local agent and ask about getting life insurance. I would not recommend him contacting his H.R. department and inquiring about increasing the group term policy he all ready has. While it is likely cheaper, if he ever resigns or gets laid off he will lose all the life insurance he has. (Some states permit an employee to convert the group term to a permanent policy)

I recommend he speak with a local independent insurance agent to purchase additional life insurance coverage.

Contact your auto insurance dealer. If they are good company they can add the policy with the auto insurance for a discounted rate. I have STATE FARM insurance and it is the best. I have auto, life, and house all with them for a really good rate and they covered my kids life insurance for free. Check it out cause it is so important to make sure you have life insurance cause you never know.

You apply for a policy. It has nothing to do with your group medical insurance. See an insurance broker that handles multiple life insurance companies and get quotes.

The "personal finance" section of Yahoo Finance has general information about the different types of life insurance.

You buy a seperate policy through a local agent . . . BUT, you could run into insurability issues, with you being pregnant. HE could run into insurability issues, with you being pregnant. Just a word of warning.

You can find a local agent at www.iiaa.org

ahhhh get ahold of someone who sells life insurance.