Life Insurance FAQs
Direct Answers to Your Life Insurance Questions
Clear, plain-English answers on cost, coverage, health, and payouts. Backed by licensed professionals comparing 30+ carriers.
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Cost, need, and timing
What coverage runs, when to buy, and how to get the best rate.
How much does life insurance cost per month?
In Texas, a healthy 30-year-old non-smoker can buy $500,000 of 20-year term coverage for roughly $18 a month, …
Read answer →How much life insurance do I need?
The standard starting point is 10 to 12 times your annual income, then add the debts you do not want to hand t…
Read answer →When should I buy life insurance?
The cheapest day to buy life insurance is today, at the age and health you currently have. Texas carriers lock…
Read answer →Can a smoker get life insurance?
Yes. Smokers and other tobacco users are routinely approved for life insurance in Texas, though the rate lands…
Read answer →Do I need life insurance if I'm single?
Being single does not automatically remove the need for life insurance. If you carry a mortgage, cosigned debt…
Read answer →Does my employer's life insurance cover me if I quit?
Group life insurance through an employer typically ends when you leave the job, usually on your last day of em…
Read answer →Types
Term vs whole life
Term vs whole life and how permanent coverage works.
Term vs whole life insurance: which is better?
Term life covers you for a set number of years at the lowest cost per dollar of death benefit, which makes it …
Read answer →What happens if you outlive your term life insurance?
If you outlive a level term policy the coverage simply ends, the premium stops, and no death benefit is paid, …
Read answer →What is whole life insurance?
Whole life insurance is permanent coverage: the premium is fixed for life, the death benefit is guaranteed, an…
Read answer →What is universal life insurance?
Universal life insurance is permanent coverage with more flexibility than whole life: you can vary the premium…
Read answer →What is final expense life insurance?
Final expense insurance, also called burial insurance, is a small permanent whole life policy, usually between…
Read answer →Can I have more than one life insurance policy?
Yes, you can own more than one life insurance policy in Texas, and each policy pays its own death benefit inde…
Read answer →Can you cash out a life insurance policy?
You can cash out a permanent policy by surrendering it for its cash surrender value, but term life has nothing…
Read answer →Approval
Getting covered
Getting covered with no exam or with health conditions.
Can I get life insurance without a medical exam?
Yes, no-exam life insurance is widely available in Texas. Instead of a paramedical exam, the carrier approves …
Read answer →Can I get life insurance with health issues?
Most people with a health history are still insurable in Texas, just not always at the best health class. Carr…
Read answer →Can I get life insurance if I vape?
Yes, you can get life insurance if you vape, but most Texas carriers classify nicotine use of any kind as toba…
Read answer →Can I get life insurance with diabetes?
Yes. Diabetes does not disqualify you from life insurance in Texas, it moves you into a different underwriting…
Read answer →Can I get life insurance if I'm overweight?
Being overweight does not prevent you from getting life insurance in Texas, it affects your health class. Carr…
Read answer →Can I get life insurance after cancer?
Many people who have had cancer can get life insurance in Texas. Eligibility turns on the type of cancer, the …
Read answer →Can I get life insurance with depression or anxiety?
Depression and anxiety are insurable conditions in Texas, and most applicants are approved at standard rates. …
Read answer →What is the life insurance medical exam like?
The life insurance medical exam is a paramedical exam, not a doctor's visit. A licensed examiner comes to your…
Read answer →How long does life insurance approval take?
Approval time depends on the underwriting route. A no-exam or accelerated-underwriting policy in Texas is ofte…
Read answer →Payouts
Payouts, taxes, and beneficiaries
How claims, taxes, and beneficiary rules actually work.
Does life insurance pay for death by suicide?
Texas life insurance policies almost always contain a suicide clause that applies for the first two years. If …
Read answer →Is life insurance taxable?
A life insurance death benefit is generally not subject to federal income tax, and Texas has no state income t…
Read answer →Does life insurance go through probate?
Life insurance with a living named beneficiary does not go through probate in Texas. The carrier pays the bene…
Read answer →Does life insurance cover funeral costs?
Any life insurance policy can pay for a funeral, because the beneficiary receives cash and can spend it howeve…
Read answer →Does life insurance pay off the mortgage?
Life insurance pays your named beneficiaries in cash, not the mortgage company, so the money is available to p…
Read answer →How does a life insurance payout work?
A beneficiary files a claim with the carrier, supplies a certified death certificate and the claim forms, and …
Read answer →Seniors
Coverage for seniors
Coverage options for ages 60 and up.
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