Reader’s Question: I am planning to get a life insurance in Alabama but I don’t know how to go about shopping for it. Any tips? Joanne Montgomery, AL As a long term proposition, you have to make sure that you will get the best deal in Alabama according to your needs, policy type, stability of [...]

Reader’s Question: A friend of mine in Alabama suggests I purchase a variable life insurance policy and opt to invest the cash value in Alabama-based fund. Am I guaranteed I’d get my investments with this type of policy? Tara Montgomery, AL Good Question, Tara. No. Variable life is designed as a true investment with a [...]

Reader’s Question: I had a heart attack 2 weeks ago. Will it be possible to purchase an affordable life insurance rate in Alabama after the attack? Rick Birmingham AL It is important to provide the correct and accurate information possible to your insurance company to get the right quotation of life insurance rates. In addition, [...]

Reader’s Question: Last week, my friend and I found out that she has cancer. Is it still possible for her to get a life insurance here in Alabama? Linda Birmingham, AL Hi there, Linda, I hope your friend is doing fine. Yes, it’s still possible for her to get a life insurance even if she [...]

Reader’s Question: My dad is a pilot by profession. And I learned that my dad’s profession is considered high risk in Birmingham, Alabama. With this, he is paying higher life insurance rates as compared to others. Why is that? Tina Birmingham, AL In general, life insurance companies consider a person’s lifestyle in setting their life [...]

Reader’s Question: I am a single parent of a 5-year old from Alabama. Do I need a life insurance? Can a life insurance cover my child’s college education? Will a life insurance pay my mortgage and credit card debts after my death? Marianne Montgomery, AL   Very relevant questions, Marianne. Yes, I think you need [...]

Reader’s Question: A local insurance company in Alabama offers coverage for a universal life insurance. Does a universal life insurance policy assure of a fixed premium for the whole term? Nick Huntsville, AL Good Question Nick. No. The insurance policy can increase charges since it offers greater flexibility compared to the Alabama whole or term [...]

Reader’s Question: I recently moved to Alabama and a local life insurance company agent who happens to be my neighbor is offering me a whole life insurance. She says that I should get a participating policy. What does that mean? Mary Huntsville, AL Thank you for asking Mary Whole life insurance policies generally offer “permanent [...]

Reader’s Question: I have a whole life insurance policy with a company based in Alabama. I have been paying premiums for two years already and this year, I am planning to purchase a new house in Florida. Can I still use up the amount from the cash value account of my whole life insurance in [...]

Reader’s Question: I have currently moved to Alabama and am planning to apply for a life insurance. How does term life insurance differ from cash value life insurance in Alabama? Mark Birmingham, AL Thank you for asking Mark. Term life insurance is a type of insurance policy that provides death benefits without any savings, investment [...]