Q. How can I lower my life insurance premium?
Ans. There are several different factors come into consideration lowering your life insurance premium. Your health, age, activity and occupation are the prime factors and influence to decide whether you are eligible or not for lowering your life insurance premium. In some cases you can do nothing about any of them. For example, you're a 50 military fighter pilot with high blood pressure. In other cases, lowering your weight and deciding not to jump out of airplanes can lower your life insurance rates.

Q. What should I think about when buying life insurance?
Ans. You have to consider multiple factors before purchasing a life insurance. You should decide the amount and type of life insurance policy, the term for a quick or long coverage, if any extra benefits want to add in the policy, make sure the policy is convertible or not and more.

Q. How much life insurance should I own?
Ans. It is completely up to you how much life insurance you should own. You can either make 6-8 times of your annual earnings or 10-14 times of your annual earnings as a life insurance policy. Analyze your expenses and savings then fix an amount for life insurance.

Q. What is cash value?
Ans. Cash value is the interest earning section of a whole, variable, or universal life insurance policy. Part of your annual policy premium goes to the cash value and earns interest. It's actually more complicated than that, but that's a very simple explanation.

Q. Does life insurance pay benefits for any type of death?
Ans. Generally, individual life insurance pays a death benefit whether an individual dies in an accident or from natural causes. There are certain exclusions that may apply. Check the policy for specific exclusions. For example, many policies exclude suicide, if the suicide occurs within the first 2 years of the policy.

Q. How do I report a death?
Ans. Upon the death of an insured, a Service Center, General Office, or Sales Office must be contacted and advised of the name of the insured, the date and cause of death, and the name, address, and telephone number of the person who should be contacted. A claimant's statement and additional information on how to file a death claim is then sent to the appropriate person.