If your husband smokes or is in poor health, he may still be able to get insurance at reasonable rates through an agent or agency that specializes in impaired risk. Consider the possibility of paying the entire insurance premium yourself if your husband resists applying because of cost. A medical questionnaire and a paramedical exam, scheduled by the insurance company, will be required for virtually all life insurance applications, except group life. The cost of level-premium term insurance may soon go up, so apply as soon as possible if that kind of coverage is being considered. Permanent insurance premiums are many times greater than those for term insurance.
Term insurance lasts for a given term of years and has no cash value.
Life insurance policies will lapse, and all coverage will be lost, if premium payments are not made on time. Group life insurance is in force only as long as the person belongs to the group. Inc. How things get done. Use of this Web site constitutes acceptance of the eHow Terms of Use and Privacy .