Reader’s Question:

I want to purchase term life insurance in Connecticut that would only financially protect my family when something happens to me. What is the right insurance for me?

Daniel

Bristol, CT

If you want to protect your family from debt in the event of you death, you may want to purchase term life insurance or “pure insurance protection”. This type of insurance covers your family in a specified period of time. The time ranges from 1 to 30 years.

Like any other types of insurance, medical exam may be one of the application requirements for insurance policy. The exam will help the company to assign the correct insurance policy by looking at your health history, results of urine and blood test and other information like your height and weight. The medical result, and with other life insurance rates determinants, will determine whether the company will approve our application or increase your life insurance rates. Having bad health conditions will likely have higher premiums than those who are in good health conditions because of the risk of dying soon. The condition will depend on how the insurance company categorizes you according to the risks factors.

Other determinants of insurance rate are age. As you age, the higher your insurance premiums may be. At the end of the term, some insurance companies allow you to renew the policy without getting another medical exam. You can ask for a “level premium” policy if you want to lock your insurance
premium to a certain rate. The premium will only rise when the term ends.

If you have a medical illness and have difficulty in finding a life insurance company, you can apply for the guaranteed issue term life insurance coverage. This no longer requires medical exam but you will pay higher premiums because of the huge risk of insuring you.

For more information on Connecticut term life insurance, you can contact your insurance agent.

Tags: connecticut life insurance, connecticut life insurance avon ct, connecticut life insurance ce, connecticut life insurance co, connecticut life insurance company, connecticut life insurance continuing education, connecticut life insurance exam, connecticut life insurance licensing, connecticut life insurance quotes, connecticut life insurance trust, life insurance company, life insurance policy, life insurance rates, term life insurance in Connecticut