Everyone knows that life insurance protects your loved ones if you should die prematurely, but you may not be fully aware of everything a life insurance policy has to offer. There are many ways you can use the proceeds of a life insurance policy, and not all of them are immediately obvious. You may find the following list surprising.

When you purchase a term life insurance policy or a whole life insurance policy, the policy remains contestable for several years following the issue date. In simple terms, if the insurance company receives a claim shortly after the policy was issued, the company has the right to rescind the policy or deny a claim if fraud is suspected.

Volunteering to help a country that was struck by a major disaster is a noble gesture, but it could also put an individual’s life at risk.

Although there have been medical advancements that have helped to prolong the lives of HIV patients, finding life insurance coverage for HIV infected individuals continues to be elusive. In recognition of World AIDS Day on December 1, 2011, Life Quotes, Inc. takes a look at life insurance options for those living with HIV.