Facts About Life Insurance 

Do life insurance premiums increase with age?

Depending upon which product you chooce, life insurance premiums generally does not increase. However, some policies can increase as you age because the risk of health issues also increases.

Are life insurance proceeds always tax-free?

Life insurance proceeds are usually tax-free for beneficiaries, but there can be exceptions, especially in the case of large estates. Always consult with a tax advisor to understand potential tax obligations.

Is it worth investing in a life insurance policy with a cash value component?

It depends on your unique financial circumstances, goals, and risk tolerance. Some people find these policies beneficial for their long-term investment strategies, while others might not.

Can I get life insurance if I have a pre-existing medical condition?

Yes, but your premiums may be higher, and there might be specific exclusions related to your condition.

Do all employers provide life insurance coverage?

Not all, but many employers offer some level of life insurance coverage as part of their benefits package. It's always worth asking about this if you're starting a new job or reviewing your current benefits.