Best Life Insurance Companies in Roseville

FAQs

• Can Roseville life insurance companies demand applicants to undergo drug testing?

  Yes, life insurance companies in Roseville may require applicants to submit to a drug test as part of the underwriting process. The goal is to assess the risk of insuring an individual while determining premium costs. Life insurance companies frequently test their clients' urine for drugs, as this test can detect a wide range of chemicals, including prescription pharmaceuticals and illicit narcotics.

• Can you include a specific sum of money in your Roseville life insurance policy for the upkeep of your pet?

  Yes, you can include a specific amount of money in your Roseville life insurance policy for your pet's care. To accomplish this, indicate the amount or percentage of the policy earnings that should be set aside for the pet's expenses. Other options for arranging for the care of your beloved animal after your death include establishing a pet trust, naming a caregiver in your will, or enlisting the assistance of a reputable animal welfare organization.

• When does Roseville's accidental death and dismemberment insurance not give coverage?

  Roseville's accidental death and dismemberment insurance excludes the following from its coverage:

  • Driving while intoxicated.
  • Dying while committing a crime or from a drug overdose.
  • Death due to high-risk activities.
  • Death during surgery.
  • Suicide or fatalities brought on by mental illness.
  • Demise brought on by a disease or bacterial infections.
  • Military deaths or injuries caused by war.
  • A professional athlete passing away during a sporting event.

• What can you do if you were a victim of a life insurance scam in Roseville?

  If you become a victim of Roseville life insurance fraud, you should contact the California insurance department. Once you report the scam, the agent or organization that committed it may have their license revoked and face legal action. You can also report the scammers to the Insurance Fraud Bureau to prevent them from preying on others.

• When will the free look period of a Roseville life insurance start?

  A free look period, also known as a free look provision, gives you the option of canceling your life insurance policy at the start of the policy's term without incurring any fees. The free look period of Roseville life insurance usually begins on the day the policy is issued. If you're unsure when your free look period begins, contact your insurer and inquire about the provision's start and end dates.

• 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.