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Introduction Final expense insurance — often marketed as burial insurance or funeral insurance — is life insurance designed around relatively small end-of-life expenses. The name can be misleading, however, because “final expense” does not describe one single type of underwriting. Some final expense policies ask health questions and use simplified underwriting. Others use guaranteed acceptance…
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Introduction Pacific Life and Lincoln Financial both offer term life insurance from long-established U.S. insurers, but their current products are structured differently enough that one may fit a particular buyer better than the other. Pacific Elite Term emphasizes 10-, 20- and 30-year coverage, a relatively flexible conversion feature and living-benefit options. Lincoln TermAccel offers 10-,…
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Introduction Buying life insurance later in life is different from buying it at 30. Age can reduce the term lengths available, health conditions can affect underwriting, and a policy designed for $20,000 of final expenses solves a very different problem from a $500,000 term policy intended to protect a spouse or pay off a mortgage.…
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Introduction Having a health condition does not automatically mean you cannot buy life insurance after age 60. It can affect the price, available coverage, underwriting process and companies worth considering, but insurers do not necessarily evaluate the same medical history in the same way. A senior with well-managed diabetes, for example, may have very different…
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Introduction Life insurance is primarily designed to provide money to beneficiaries after the insured person dies. But some policies also include features that may allow the policyowner or insured to access benefits while still alive. These are commonly called living benefits. The term sounds simple, but it can refer to several very different policy features.…
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Introduction Starting or raising a family can create several financial responsibilities at the same time: housing, childcare, everyday expenses, debt and future education costs. Life insurance can help protect those plans if a parent or caregiver dies, but there is no universal coverage amount that every young family should buy. A household with one income,…
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Introduction Term life insurance can provide a large death benefit during the years when your family, mortgage or other financial obligations create the greatest need for protection. But there is no single term life insurance company that is best for every applicant. One company may offer a 40-year term. Another may allow a particularly large…
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Introduction Getting life insurance without a medical exam no longer necessarily means accepting a tiny death benefit or guaranteed-issue policy. Some traditional insurers now use accelerated underwriting to offer qualifying applicants millions of dollars of term coverage without a paramedical exam, blood draw or urine sample. Digital platforms can also provide a completely online application…
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Introduction A diabetes diagnosis used to be treated by many insurers as close to a dealbreaker. That’s no longer the case. In 2026, carriers rely on detailed, granular underwriting — your A1C level, how long it’s been stable, which medications you take, and whether you have complications — rather than a blanket “diabetic = high…
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Introduction Smokers can absolutely get life insurance — that part is rarely in question. What catches most people off guard is how much the price varies depending on exactly what you use, how often, and which company you ask. A cigarette smoker, an occasional cigar smoker, and a daily vaper can all be treated completely…
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