Best Life Insurance Companies in Huntington Beach

FAQs

• What paperwork should you gather before a Huntington Beach life insurance phone interview?

  You should gather all necessary documentation to support your application before the Huntington Beach life insurance phone interview, including the following:

  • The health insurance you currently have.
  • Records about your earnings and financial status.
  • Any test results or medical documents pertaining to your health.
  • A list of any medicines you are taking right now.

• If you have a pre-existing ailment, can you still acquire life insurance in Huntington Beach?

  In Huntington Beach, it is possible to purchase life insurance while having a pre-existing ailment. It is advised to submit thorough and accurate information about your disease, keep a healthy lifestyle, adhere to your healthcare provider's treatment plan, and compare quotations from several insurance providers in order to increase your chances of acquiring life insurance with a pre-existing condition.

• How do you terminate your Huntington Beach life insurance coverage during the free look period?

  You must contact your insurance company in order to terminate your life insurance coverage in Huntington Beach within the free look time. To formally cancel your insurance, some providers may want you to complete the paperwork. You might also need to give the policy's paperwork back to the insurance provider or agent who provided it to you.

• Can you buy burial insurance from a funeral home in Huntington Beach?

  If a funeral home in Huntington Beach has the necessary licenses, then you are allowed to obtain burial insurance there. You will need to complete an application for the policy, which may include some basic health questions, but you won't need to get a full physical as you would for a standard life insurance policy.

• Can you purchase life insurance for your ex-spouse in Huntington Beach if you co-parent with them?

  You can get life insurance in Huntington Beach for your ex-spouse if you demonstrate an insurable interest and have their approval. For instance, if your co-parent pays you child support or alimony, this could prove your insurable interest because, in the event of their passing, you and your child would face financial disadvantages.

• Which is better, term or whole life insurance?

  Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

• How much life insurance do I need?

  A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.

• How does life insurance work?

  The details of how life insurance works depend on your individual plan, but the basics are as follows: 

  • You pay a premium to purchase the insurance. Typically the premium is paid monthly, but it could be rolled into quarterly, bi-annual, or annual payments. 
  • As long as you are meeting or have met premium obligations, if you pass away, the insurance company makes the agreed-upon payment to the beneficiaries you designated. 
  • Beneficiaries usually have to provide the insurance company with a death certificate to receive their payments.

• How much is life insurance?

  The cost of life insurance ranges widely. Term life insurance can cost as little as a few dollars a day, and whole life insurance can cost thousands per month on the high end. Factors that impact the cost of your life insurance include whether you're choosing term life insurance or whole life insurance, your age, how much coverage you want, your overall health, and your gender.

• Is life insurance taxable?

  Life insurance proceeds are the funds paid via your plan to your beneficiaries if you pass away. These are also called death benefits. Typically, these are not considered income for taxes. If you take out cash value from a whole life insurance investment and the amount exceeds how much you paid in premiums, the difference may be considered taxable income.

  
  

• Can I buy health insurance that is not Obamacare?

  When people say "Obamacare insurance," they typically mean insurance within the health insurance marketplace. You can get health insurance outside of the marketplace by going through your employer, choosing COBRA coverage if you leave your job, or buying a short-term health insurance policy through an insurance agent. ACA-compliant plans meet all the benefits and coverage requirements of the Affordable Care Act. But you may be able to find supplemental or short-term coverage that simply provides peace of mind for major medical expenses.

• Can I buy health insurance anytime?

  To buy health insurance in the marketplace, you must purchase it within open or special enrollment periods. But you can purchase short-term coverage to bridge the gap between now and the next open enrollment period. These plans are meant to be used for less than a year. You can purchase them online or via insurance agents, but they may not be ACA-compliant.

• Who should buy supplemental health insurance?

  Supplemental health insurance is a product that helps cover the cost of services that your primary health insurance policy doesn't. One popular option is secondary insurance that helps cover some of the costs associated with high deductibles. Medicare supplemental insurance is also popular. Medicare doesn't cover everything, and older adults on a limited income can face large prescription or medical bills after Medicare pays. Supplemental insurance helps reduce those patient costs.