Answer To Readers Question: It is never too late to buy an insurance policy.

The opportunity is out there where you can get up to $10,000.00 graded benefit whole life insurance protection at an affordable cost from a large number of Life Insurance Companies. Your acceptance is guaranteed regardless of the condition of your health. Your premium will never increase, not because of your age or your health.

The $10,000.00 of whole life insurance will build cash value and can be issued if you are age 45- 85. Your application is pre-approved, just call an insurance company and request the necessary form to fill out. This insurance does not require a medical examination.

Answer to Readers Question: Yes it is easy to buy a term life insurance policy. You can get a life insurance policy for as low as $2.89 per month. There is no waiting period, no medical exam necessary. All you need to do is just answer a few yes/no health questions.

The rates are based on your current age and are guaranteed for the life of the policy. You can get a policy from $5,000 to $50,000 coverage.

The benefits are paid free of federal income tax, the coverage is also available to your spouse and other family members. The most important thing is that the benefits will never be canceled or reduced for the life of the policy is premiums are paid on time.

Answer to Readers Question: The most basic insurance policy to purchase would be term life because it is generally the least expensive form of life insurance for people under the age of 50.

A term life policy is written for a specific period of time, typically 1 to 10 years, and may be renewable at the end of each term. Remember though that term life insurance has no cash value. Benefits are paid only if you die during the policy’s term.

Answer TO Readers Question: If there are individuals who depend on you for financial support, or if you work at home providing your family such services as child care, cooking and cleaning, you need life insurance.

Older couples may need life insurance to protect a surviving spouse against the possibility of the couple’s retirement savings being depleted by unexpected medical expenses.

If you are an individual with substantial assets you may need life insurance to help reduce the effects of estate taxes or to transfer wealth to future generations.