Q. How do I get a life insurance quote? A. First of all, congratulations! You’ve made a smart and responsible decision to protect the ones you love. The next step is simple: Call us toll-free at 800-407-5753 or enter your information in our Free Quote on the Home page. Our licensed agents would be happy to speak with you, at no obligation, to help you get the information you need to make a decision. Q. What is the advantage of working with MilitaryInsured.com over other various online life insurance sites? A. Since 2005, MilitaryInsured.com has been providing fast, free and unbiased life insurance quotes and services, which help consumers save thousands of dollars on their life insurance. We pride ourselves in assessing each customer's individual needs and provide recommendations based upon those needs. Many sites provide instant life insurance quotes, without ever knowing who their customer is or what their particular requirements are. Q. Which life insurance companies does MilitaryInsured.com represent? A. MilitaryInsured.com is an independent life insurance broker, thus we provide access to an array of life insurance companies. Q. Do I have to take a medical exam? A. We offer products that are either medical on non-medical. Depending on the amount and type of coverage requested will determine if an exam is required. Discuss with our agents your feelings on exams so we can cater the products to you. If you choose a fully underwritten product then a medical exam (blood and urine) is required. The exam is free and takes place at your home or office at a time that is convenient for you. Q. Can I still get life insurance if I have health issues? A. In most cases, you can still get life insurance. MilitaryInsured.com represents many life insurance companies that specialize in insuring people with certain higher risk health issues. Since 2005, we have worked with many people who have various health history issues, including cancer survivors and those with diabetes or heart disease, and have been able to get the coverage they need at the best price available. Q. What variables affect which life insurance companies MilitaryInsured.com represents? A. MilitaryInsured.com sees that it works with some of the strongest life insurance companies in the country and takes into consideration the following factors when selecting those companies: Financial stability, A.M. Best Rating, Specialty (Many life insurance companies specialize in certain areas of insurability, such as diabetes, smokers, heart disease and various others), Claims paying ability, and Pricing. We are continuously monitoring each life insurance company to ensure you receive the outstanding products and services. Q. Is my information kept confidential? A. Yes. Only MilitaryInsured.com agents and management view personal information. Your name, address and or personal information will never be sold for marketing purposes. Q. How much life insurance should I purchase? A. Since individual needs vary, we recommend that you speak to one of our licensed agents to determine what's right for you. Generally, life insurance replaces lost income if something were to happen to you. So the benefit from your policy should be enough to cover immediate expenses as well as to provide years of income for your beneficiaries. Financial experts typically suggest coverage being five to 10 times your annual income. Q. What length of term coverage should I consider? A. The term coverage period you should consider depends on several things, like how long you anticipate your beneficiaries will be dependent upon your income. If your primary beneficiary is your spouse, you should consider being covered until retirement. If coverage is for your children, you'll probably want to consider protecting them until they're at a minimum non-dependent age. If your goal is to cover a mortgage, choose a policy that allows you to have coverage till your loan is paid off. Q. Does my spouse also need life insurance coverage? A. It depends. Are you and your spouse both earning an income to help support your lifestyle? If so, then you would most likely need coverage for each of you. Also, losing a stay-at-home spouse could lead to dramatically increased child-care costs, time away from work for the surviving spouse, final expenses, even the settling of outstanding debts. Q. What are my payment options? A. You can choose to pay your premium monthly, quarterly, semi-annually or annually. If you choose to pay monthly the life insurance company will establish an electronic draft to your checking account and deduct the monthly premium on the date that you specify. If you choose any other options the life insurance company will bill you directly. Q. How long does it take for my application to be approved? A. In most cases, it should take between 3 - 6 weeks after your application has been submitted for fully underwritten products. For products that do not require a medical exam, it only takes about 48 hours for approval. Q. What is the tax treatment of life insurance death benefit proceeds? A. Life insurance death benefit proceeds are generally not subject to income taxation, provided they are paid in a lump sum; however, there are a few exceptions to this rule. If a settlement option is used other than the lump sum option, then the interest earned on the principal death benefit is taxable. Although life insurance proceeds are generally exempt from income taxation, they are subject to estate and inheritance taxes.