All Life Insurance Tips

I just became approved for globe life insurance, there is a list of what it excludes. What does it pay for?

what does life insurance pay for?

Public Comments

1. If pays your heirs when you die. Unless you die as a result of all the things it excludes. If you have no heirs or your heirs are not dependent on you for living expenses, there is usually limited need for life insurance.
2. It pays whoever you name, if you die. But GLOBE life, probably isn't a great deal. They issue "guaranteed" policies with no medical exams, so they throw on a TON of exclusions - starting with, you have to live at least two full years before dying, for them to pay out. That's because a LOT of people who think they're dying, will try to buy "no medical exam" life insurance to scam the insurance company. If you're healthy, and you want life insurance, buy a REAL policy, that acheives your goal. You'll get a much better price, too.