What online school is best to get your life insurance from?

Which life insurance to get before Dx of melanoma?

• I am 99% sure I have melanoma on my leg. Have apt soon to get this confirmed and staged and start the process. I am a nurse, I know the process, and know the outcome can be one of many. I do not currently have any life insurance, never have. I have 2 small children and it is JUST me and then, no close friends, no family. Worst case scenario, if I only have a short time to live, what would be the best LIFE insurance I can get before getting this diagnosis? I would need something in which they could not cancel me if I am diagnosed with cancer within days of purchasing a premium. Today is May 11th, I should have my diagnosis by May 29th. I would like the biggest policy at the most affordable rate (I don't make as much money as you would think), but its also important that I get the fewest stipulations. By the way, I hate to admit it, but I am a smoker. I quit from 2009 to late 2010, but then started up again when I started RN school (am an LPN now, graduate from RN school in 3 weeks). Any solid advice would be appreciated. In laymens terms please. Ohio.

• Answer:

  There are many different types of life insurance. In your situation I would recommend looking the following: final expenses, legacy, administrative fees, debt to be paid off, taxes, income. These are the areas that you want your life insurance to take care of when you pass. Final expense are what they are. Legacy is passing monetary benefits to your children. Admin fees are those that would occur when your beneficiaries are sorting out the details of your estate. Debt is paid off with the benefit so your loved ones can grieve without worrying about any debt they inherited. Taxes go along with what your estate may bring into the picture. Life insurance will also help pay a stream of income in the form of annuitization (annual pay-out) to your family that was dependent upon your income which would be lost upon your passing. Now, as for your health. If a doctor did not diagnose you as having melanoma then it is not in your MIB (Medical Information Bureau or Board) then it would not be a factor in issuing you Life insurance. For certain types of insurance there are labs that must be done which involves a urine specimen, blood pressure, and blood specimen. For lower benefit policies labs may not be needed as they would only deal with MIB (your medical records and history). Being a smoker only increases your premium amount in higher benefit policies. For basic life (lower benefit policies) it may not mean any difference. If insurance is issued and you are diagnosed after it has issued you can NOT be canceled as long as you keep the policy in force (pay your premium on time). Premiums are based on age, gender, and benefit amount in general. I would also recommend whole life rather than term. Whole life will be with you for your life where as term will only last as long as the term you selected permits then you do not have any life insurance when it ends. I would also recommend that you sit in front of a licensed insurance agent and NEVER do any insurance purchasing over the internet or phone. Getting insurance without working with a face to face interview with an insurance agent is like representing yourself in a courtroom. Unfortunately, I am only licensed in Florida, Georgia, and South Carolina but there are plenty of good insurance agents in your state that you can work with. I hope I helped you as best as I can. I also wish you a speedy recovery.