Chauncey Quinn, Life Insurance Broker

Answer: Yes you can purchase life insurance for your child. As long as you have a current life insurance policy on yourself that is equal or greater value than the child's policy. It is absolutely worth it, as structered properly the policy can pay for the child's future education and a myriad of other financial plans.

Answer: 1. How much is the monthly premium?

2. Should I get term or permanent coverage?

3. How much life insurance coverage should I purchase?

4. How much life insurance coverage do I need?

5. What's the difference between Term, Whole, IUL or Final Expense coverage?

While there are a number of questions you should inquire about. These are a few questions to get the conversation started.

Answer: Your life insurance policy remains in place as long as your monthly premiums are paid. However, you want to make sure and contact the Life Insurance company and give them your new change of address.

Answer: After the baby has been born is the best time to seek life insurance coverage. Make sure to reach out to a life insurance agent to review the various coverages available to your newborn.

Answer: I would reach out to a life insurance company you have in mind and make that direct request with them. Or google bilingual life insurance agents in your area.

Answer: While that is an option for you. You can work with any licensed life insurance agent that is appointed with that particular company. Many life insurance agents are appointed with several companies to assist your needs.

Answer: Generally all insurance companies have standard underwriting criteria that typically includes: Your height, your weight, your age, your gender, whether you smoke or not and yes where you live (based on your zip code).

Answer: The short answer to that question is: buying a number of smaller term life insurance policies, with different end dates as opposed to purchasing one large policy.

Answer: Generally you would want to sit done with a licensed agent to determine how much life insurance you need. That would be determined by generating a needs based analysis. Then factor in your annual income and monthly expenses to determine, 1. How much life insurance you need, and 2. How much you can honestly afford without allowing the policy to laspe.

Answer: While smoker rates create a higher monthly premium, the answer to that question is yes. However, if life insurance has been underwritten based on a smoker's rate, you would need to contact the life insurance company and make them aware you've stopped smoking and you would like to be rewritten as a nonsmoker. At which time you would have to be underwritten again to determine what your new premium would be.

Answer: It depends on the individual and what they are trying to accomplish with their life insurance policy/coverage. Whole life insuance is a form of permanent coverage so yes it's worth it if you plan to keep the policy for life. The cash value generated in a whole life policy can make it worth it as well.

Answer: While this is rare, yes you may need a lawyer if the life insuance company denies to pay your death claim without a valid reason.

Answer: Life insurance costs for a 70 year old wil vary from company to company. It's important to remember that life insurance costs more for a 70 year old man than for a 70 year old woman. These costs will also vary based on the individuals height, weight, health, whether they smoke or not and where they live.

Answer: Online quotes are generally based on certain underwriting criteria. Rates will vary based on actual underwriting per each individual.