Robert lives in South Burlington, Vermont and has been there for many years, his insurance question is: “Why are life insurance polcies not cancellable by the insurer in South Burlington Vermont?”

Answer to Readers Question: So that you can plan for your family now and not when you get sick. If insurance companies could cancel when you got sick, there would be very few claims. Imagine if the policy we’re big enough, they could hire someone to follow you and say you got in a car accident – they could then cancel the policy, before you even got to the hospital.

Hope this answers your question MS

Frank is my of my readers and his question was: ” What steps should I take if I die before my spouse?” Frank lives in Rutland, Vermont.

Answer to Readers Question: You need to look into what is called “Estate Planning”. Basically, you need a last will and testament to say who gets what, life insurance to cover any debts, taxes or final expenses. You should talk to a financial consultant or insurance broker who is familiar with estate planning.

If you still have a mortgage on your home, consider purchasing a mortgage protection insurance policy. Among other coverage benefits, these policies pay off your mortgage in the event of death. I recommend fully researching the benefit of purchasing a policy like this if you don’t already have one. If your life insurance policy includes enough money for your surviving spouse to make mortgage payments then this extra insurance may be unnecessary.

Jack lives in Hartford, Vermont. His question is “What type of life insurance coverage do I need?”

Answer to Readers Question: Jack it all depends upon how long you wish to have the coverage for.

If you are one of the people with short term protection needs, I would think that (1-20 years) might best be served by buying term insurance coverage.

If you wish to be covered for life you should probably consider either whole life or universal life coverage.

Hope this will help. MS

Lorie has lived in Essex, Vermont for over 10 years and her life insurance question is:” Does a Life Insurance Policy cover death during surgery?”

Answer to Readers Question: Yes your life insurance will honor your insurance policy if you die during surgery. Read your policy carefully and make sure you don’t have any exclusions

Jonas lives in Burlington, Vermont. His question is:” By law can the executor to my fathers will keep some of the death benefit without being named as a beneficiary?”

Answer to Readers Question: Yes. I’m almost certain that the Executor of a will is entitled to payment or monetary compensation or some kind of fee for taking on the task of performing the executor’s duties. But I’m not sure if there is a set amount. You should ask a probate lawyer, if this issue really bothers you.

Readers question: “Can I get life insurance for my children in Bennington, Vermont?”

Bennington is a town locating in Vermont. Bennington is home for the 20 time Defending State Wresting Champions: The Mount Anthony Patriots.

There are several insurance companies that offer term life insurance for children.

If you go on line you will find a number of the leading insurance providers of life insurance for children. Also, you can compare rates and plans online from a quote provider that can give you quotes for children life insurance from several insurance companies.