Frequently Asked Questions

Why should I use LifeInsuranceDirect?

LifeInsuranceDirect helps make buying life insurance simple and convenient. We provide access to highly personalized service and offer more than 100 life insurance plans from top-rated insurance providers. Our licensed insurance agents are available to answer your questions and help you find a suitable life insurance policy.

What companies does LifeInsuranceDirect work with?

We work with some of the nation’s top life insurance providers. We work on behalf of these trusted companies in order to provide competitive rates and multiple coverage options.

How much life insurance do I need?

The right amount of life insurance coverage depends heavily on your personal situation. You need to consider how many people rely on you for financial support, potential supplemental income needs, funeral expenditures, life adjustment costs, educational funds, and retirement expenses. Our licensed insurance agents are available to help you determine how much coverage you need to help protect your loved ones when you call 888-350-4651.

How do I apply for life insurance?

If you want to begin the life insurance application process, please fill out the quote form located to the right. After you submit your information, one of our licensed insurance agents will call you back and help you find the life insurance policy that is right for you. If you want to get started immediately, please call 888-350-4651.

How long do I need life insurance coverage?

The length of time for which you need life insurance coverage will vary based on your age, life stage, and other factors. The bulk of your life insurance needs will encompass your working years when you may have children that you are caring for, a mortgage, other debt, and a spouse that relies on your income. Your needs may diminish upon retirement if you and your spouse have sufficient savings for daily living and medical expenses, although you may want a smaller life insurance policy for final expenses. Our licensed life insurance agents can help you assess your needs and recommend the appropriate policy that is right for you.

How often should I review my life insurance policy?

You should review your life insurance policy when a major life event occurs, such as starting a new job, getting married, or having a child. It’s important to review your current life insurance policy when these events occur because you might need to increase or decrease your coverage. The timing varies for each person. For example, if you enrolled in a term life insurance policy to secure your mortgage, and you just paid it off, you may want to reduce the policy benefit amount, which could reduce your premium costs.

Can I get a refund if I don’t want my policy?

If you purchase a life insurance policy, many states require your insurer to give you a short period of time to cancel the policy and get a refund. Life insurance companies are often legally required to provide a “free look” period that last from several days to one month from the date that the policy is confirmed. If you cancel during this period, the insurance company must refund any premium payments that you have paid. After the free-look period, you can still cancel your policy at any time without further obligation, but you may not get a refund.

Should my spouse get life insurance coverage?

If your spouse contributes in any way to the family, it’s likely that he or she needs a life insurance policy. Consider what would happen if you lost a spouse who contributes to your family’s income or provides any caregiving services for your children and family. A life insurance policy may help provide the necessary financial protection in this situation.

How do I get the best price on a life insurance policy?

The key to getting the best price on a life insurance policy is comparison shopping. You should compare the rates of life insurance plans from multiple insurance companies. The first step is to decide which life insurance policy fits your coverage needs. Second, you should compare different life insurance companies that offer this type of life insurance policy. Our agents can help you by assessing your needs and recommending an appropriate policy. Our agents do the comparison shopping for you in one easy step. To get started, fill out the form to the right or call one of our licensed agents at 888-350-4651.

What is the difference between term and permanent life insurance?

Term life insurance policies provide coverage for a specific period of time, whereas permanent life insurance policies can provide coverage for a lifetime. For more information about term and permanent life insurance, please read our Life 101 page.

Do I need a medical exam to qualify for a policy?

A medical exam is required for many life insurance policies; however, we offer policies from several insurance companies that do not require a medical exam. These policies offer an easy and quick way to obtain quality life insurance protection. To learn more about no medical exam life insurance policies you can begin the quote comparison process by filling out the form to the right or call one of our licensed agents at 888-350-4651.