Question 1

How much life insurance do I need?

Accepted Answer

Start with 10–15× your annual income. Add your mortgage balance, other debts, and future costs like college tuition, then subtract existing savings and coverage. Our quote form helps you pick an amount.

Question 2

What's the difference between term and permanent life insurance?

Accepted Answer

Term covers a set number of years and is the most affordable. Permanent coverage (whole, universal, IUL) lasts your entire life and builds cash value, but costs more.

Question 3

How are life insurance rates determined?

Accepted Answer

Insurers look at age, gender, health, height/weight, tobacco use, family history, occupation and hobbies. The younger and healthier you are, the lower your rate.

Question 4

Do I need a medical exam?

Accepted Answer

Not always. Many healthy applicants qualify for no-exam coverage up to $1M–$3M. Final expense and guaranteed issue plans never require an exam.

Question 5

Is the life insurance payout taxable?

Accepted Answer

In most cases, the death benefit is paid to beneficiaries free of federal income tax.

Question 6

Can I get life insurance with a pre-existing condition?

Accepted Answer

Yes. Conditions like diabetes, high blood pressure or a history of cancer don't automatically disqualify you. Different carriers view conditions differently, which is why comparing matters.

Question 7

How long does it take to get covered?

Accepted Answer

No-exam policies can be approved in minutes to days. Fully underwritten policies typically take 3–6 weeks.

Question 8

Does LifeAdvisors charge a fee?

Accepted Answer

No. Getting quotes and working with an agent is free. Agents are paid by the insurance carrier, and your premium is the same as buying direct.

Life insurance, explained

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