{"id":442,"date":"2021-05-31T04:00:00","date_gmt":"2021-05-31T04:00:00","guid":{"rendered":"https:\/\/www.afinc.net\/blog\/?p=442"},"modified":"2021-05-27T17:38:59","modified_gmt":"2021-05-27T17:38:59","slug":"life-insurance-faqs","status":"publish","type":"post","link":"https:\/\/www.afinc.net\/blog\/life-insurance-faqs\/","title":{"rendered":"Life insurance FAQs"},"content":{"rendered":"

Life insurance is something everyone can benefit from, but most people know little about it. Asking a lot of questions is not unusual and hopefully, this blog will answer some questions you have. If not, at AFI Insurance in Denver, CO we are here to provide the information you may need to help you get the right coverage. <\/p>\n

What types of life insurance are there? <\/h2>\n

Life insurance comes in two basic types whole life and term. Whole life insurance lasts your entire life and term life insurance ends at the end of the term you purchased. A few variations of these two basic types exist such as universal life and variable life <\/p>\n

Can I borrow from my life insurance?<\/h2>\n

With whole life insurance, you have the ability to borrow in some cases as much as 90% of the death benefit. It varies from insurance company to insurance company so you will need to check with your carrier.  With term life, you are strictly paying for the death benefit protection. <\/p>\n

How long does a life insurance policy last?<\/h2>\n

When you purchase whole life insurance, it stays with you throughout your lifetime. A term policy has a term that can be from 5-30 years and at the end, it terminates. <\/p>\n

Does life insurance have a mandatory waiting period?<\/h2>\n

Most life insurance policies do have a waiting period. Typically, this is 5-6 weeks while the insurance company does its underwriting to determine your premium. In the interim, you are not covered. <\/p>\n

Am I limited to only one beneficiary on my life insurance policy? <\/h2>\n

No, you can have as many primary beneficiaries as you want, and you may be asked to have backup beneficiaries in the event that all the primary beneficiaries pass away before you do. <\/p>\n

Contact AFI Insurance in Denver, CO for all your insurance needs. <\/p>\n","protected":false},"excerpt":{"rendered":"

Life insurance is something everyone can benefit from, but most people know little about it. Asking a lot of questions is not unusual and hopefully, this blog will answer some questions you have. If not, at AFI Insurance in Denver, CO we are here to provide the information you may need to help you get the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[39,42],"class_list":["post-442","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-afi-insurance","tag-denver-co"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t