Life Insurance

What Are Life Insurance Policy Exclusions?

What To Know Upfront About Life Insurance Exclusions Understanding your life insurance policy is essential. As with all other types of insurance, there are exclusions, limits and requirements to the policy, benefits and payouts. These exclusions and provisions control how an insured can use the life insurance policy. It is best to know every aspect of the life insurance policy before purchasing or signing any documents. Make sure to understand the policy exclusions and how they may apply to you, ...

D. Jessica

03/15/2022

What Is A Grace Period For Low Cost Life Insurance?

When you are shopping for life insurance it is a smart idea to ask, “what is a grace period for low cost life insurance”. Buying life insurance is one of the most effective ways to protect your loved ones. To avoid a lapse or even cancellation of your policy you should take extra care to always be on time with your premium payments. How Does A Grace Period Affect Your Life Insurance Policy? Typically, you will receive a 31 day ...

D. Jessica

03/07/2022

What Is A Grace Period In A Life Insurance Policy?

Grace periods are common in most financial products. The grace period in a life insurance policy is meant to protect the insured. If there is a lapse in the premium payments, it is to prevent the life insurance company from requiring the insured to provide proof of insurability again. When you first purchase a life insurance policy, the insurance company will require you to provide evidence you are insurable, by requiring medical physicals and/or certain documents. However, it would not ...

D. Jessica

02/21/2022