Life Insurance Blog

affordable term insurance

admin — Wed, 03 Mar 2010 13:26:35 +0000

When we are talking to clients the goal is to establish the appropriate amount of coverage first and foremost. Often time, our clients will know the amount that they want to buy and if not we take them through the analysis. Many of our clients are looking for affordable term life insurance and interested in shopping the market. We are an independent broker, so we are not beholden to any carrier and we shop the market for them. This is a huge benefit to the client, so they can capitalize on the best carriers and the best rates on the market.

With term rates at all time lows, it is possible to get coverage at very minimal costs depending on age and health. With that being said, we know which carriers will probably bear the best rates based on age and health. Just selecting the carrier with the best rate in the quote engine can sometimes be a mistake. For example, they may show as the best rate, but you may not be able to qualify for it. Conversely, the company that shows up as the third best rate, may underwrite your case better and give you a more affordable premium.

Other ways to make premiums more affordable are shortening the term length. For example, rather than a 20 year term, we might look at a 15 year term. Obviously, it is important to get coverage that will last as long as you need it. We know all the different options and nuances to help consult you to find the right carrier for you.

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: 15 year term, affordable premium, affordable term life insurance, Life Insurance

Feed enhanced by Better Feed from Ozh

Most current term life rates

admin — Fri, 26 Feb 2010 15:00:19 +0000

Term life insurance rates change periodically and the carrier with the best rate today, may not be the best rate in 6 months. When we shop the carriers we get the most current up to date rates that exist on the market currently for term life. It is important to make sure that rates are still applicable to when you are applying for the coverage. Clients will often wait on applying and the situation may have changed by the time that they get around to it. Not only can the rates change, it is important to know that it is just a quote. A quote doesn’t become a rate until you qualify for it in underwriting. Often times, clients will assume they can get the quoted rate, but when they apply they get a worse rating or declined.

Another item to consider with the current term life rates is whether the carrier is actual age or next age. If the carrier is actual age, you are eligible to qualify at that age and rate while you are that age. If a carrier is next age, you turn one year older 6 months prior to your next birthday. You can save age by backdating the policy prior to your actual birthday or your insurance birthday. It requires the policy date to be before the event and for the client to back whatever back premium to save age. Please come by www.paramountlifeinsurance.com to get the most up to date rate quote for your situation.

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: backdating, current term rates, quote, term life, Term life insurance

Feed enhanced by Better Feed from Ozh

Whole life cash value

admin — Thu, 25 Feb 2010 10:28:09 +0000

I spoke to a gentleman on the phone today about the world economy. He asked me what is going to happen in the market and if I am concerned. The short answer to this question is that I am worried about the economy, like any American. The good news is that our whole life clients seem to be pretty happy, as they have seen their cash values increase even with the economic downturn. No matter what, the cash value gets better ever month and every quarter. A whole life policy has guaranteed values in the cash values and a non-guaranteed amount with a dividend. The dividend is declared by mutual companies and then credited to your policy. Mutual companies, which are owned by policyholders may reduce dividend scales in an economic downturn. Even with reducing they dividend scale, most will still pay a dividend and have a long history of doing so.

Even if the economy went completely south and the companies halted paying a dividend temporarily, they guaranteed values would always still grow. The bottom line is that the whole life cash value always goes up. It is a safe and steady place to put some of your money and can be a very valuable fund to tap into. We work with our clients to help them understand the principles of “Infinite Banking” and how they should build and utilize their cash value in the most efficient way possible.

It is a tough econ0my out there, but whole life insurance keeps plugging right along.

Feed enhanced by Better Feed from Ozh

Underwriting for cancer

admin — Wed, 24 Feb 2010 18:21:05 +0000

When looking for life insurance as a cancer survivor, it is important to consider many factors. You want to speak with a life insurance consultant that can work with you to understand your situation and ask the right questions. How long have you been cancer free? What type of cancer did you have? Did you have chem0therapy? What medications are you on now? What follow up do you have on an annual basis?

Those are just a few of the many questions that should be considered for a preliminary analysis to determine the best carriers. When looking for the best carriers, we want the most aggressive underwriting and best rates will be imperative. The various carriers will look at different scenarios different ways, so it is important to weed out the ones out who will not provide the best opportunities. Once we have the preliminary analysis, we like to take the analysis and inquire on anonymous basis with all the carriers. Once we get the feedback of the best opportunity for the client, then we will submit a formal application for the client. In some cases, we might even submit applications with two carriers and have them compete for the business.

The last thing you want to get is a decline. The decline goes into your record and all of the insurance carriers can see this and it makes it more difficult to get a good rate or even get approved. If you want a preliminary analysis, we are happy to go through the process with you. This is the best and most efficient route if you are a cancer survivor, unless it has been more than ten years.

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: cancer survivor, chemotherapy, decline, Life Insurance, underwriting for cancer

Feed enhanced by Better Feed from Ozh

Term Life Insurance Video Tutorial

admin — Fri, 19 Feb 2010 05:38:59 +0000

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: life insurance video, Term life insurance, Term life insurance quote video, term life insurance tutorial, term quote

Feed enhanced by Better Feed from Ozh

Term Life Insurance Article

admin — Fri, 19 Feb 2010 05:22:24 +0000

Jacksonville, Florida — Most consumers understand that term life insurance is a very basic form of insurance that offers coverage over a certain period of time. These specific periods can be in 10, 15, 20, or 30 year increments, but this can really vary on carrier or product. You can make premium payments monthly, quarterly or yearly.

Once your policy term period ends, no premium payments are made because you are now out of coverage and no death benefit (American General Life Insurance) will be paid in the event of someone passing. If you wish to maintain your policy coverage after the term period ends than you must either convert that policy into a permanent policy or purchase another term life insurance policy for another a specified period of time. Term life insurance is often viewed as one of the cheapest ways to purchase coverage.

Many consumers are trained to purchase term insurance policies because they are less expensive and invest the rest in the stock market. If you are looking for a safe way to earn interest on your money you may want to look at a whole life policy rather than a term. Either way you will always get some payout on death benefit, while under a term life insurance policy, the possibility always exists that the policyholder will outlive their policy, and lose all of the money the paid in. A great deal of statistics show that payments that are made under a term life insurance policy are lost, which makes it much easier for life insurance carriers to offer this coverage at a cheaper price.

Article Source: Life Insurance Article

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: 20 year term, jacksonville life insurance, life insurance article, life insurance carriers, Term life insurance, term life insurance article, whole life insurance

Feed enhanced by Better Feed from Ozh

Affordable Life Insurance Article

admin — Fri, 19 Feb 2010 04:55:20 +0000

Ponte Vedra Beach, Florida – To find the best value in an affordable life insurance policy comes from an insurance carrier that engages in a “complete underwriting” process of all life insurance policies. If your policy is fully underwritten, then the insurance company does a great deal of research into a the prospective customers health history before a policy is issued.

Much of this information is used to figure out the likelihood that a policyholder out live a policy. Accordingly, much healthier individuals will be able to get a better rate than unhealthy individuals. Life Insurance Underwriting guides will also look at family health history in many instances, but if a certain lifestyle is designed to counter any known family hereditary health issues, most underwriters will take detailed notes.

What does a health life style have to do with life insurance? A healthy lifestyle includes a complete list of items individuals do to stay healthy such as; exercise, eating healthy and avoiding bad habits such a tobacco use or drinking to much alcohol. Many underwriters will also consider the nature of an applicant’s employment history as well as certain high risk hobbies. For instance, a person that sky dives is more likely to die on the job than an lawyer is, and someone who jogs regularly presents less of a risk than an active cliff jumper. Read More Here At Referenced Article:

http://www.webwire.com/ViewPressRel.asp?aId=111686

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: affordable life insurance, life insurance article, life insurance underwriting, life insurance underwriting guides, ponte vedra life insurance

Feed enhanced by Better Feed from Ozh

AARP Life Insurance program

admin — Tue, 19 Jan 2010 00:38:48 +0000

The AARP has partnered with New York Life Insurance Company to create the “AARP Life Insurance Program”. Basically it is a program designed for members of AARP to get either permanent life insurance, term life insurance, or guaranteed issue life insurance. It appears as if the permanent insurance coverage is whole life insurance and it can be attained from age 50-80. The term life insurance requires no medical exam and only three medical questions to be approved for coverage and ages 50-74 can apply for this coverage. The guaranteed issue life insurance is exactly as it sounds. There is no medical exam or medical questions to be answered and it is for members 50-80. The guarantee issue pays limited benefits for the first two years except for death by an accident.

AARP has done well with this program as it has partnered with one of the premium life insurance companies with huge name brand recognition. While New York Life and AARP are great brand names, it is important to know that you often overpay for brand names. It may be that the rate for your product through the program can be beat in the private market. I suggest to clients that are interested in this program to let us run independent quotes for comparison. I compare the AARP Life Insurance Program to how you might overpay for a pair of expensive brand name jeans. You can get great jeans that don’t have the label of the fancy pair, but that serve you perfectly well. Just make sure you check out your options.

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: aarp life insurance, aarp life insurance program, guaranteed issue life insurance, new york life insurance company, Permanent life insurance, Term life insurance

Feed enhanced by Better Feed from Ozh

The best term life insurance

admin — Thu, 14 Jan 2010 13:11:12 +0000

What is the best term life insurance? That is an interesting question and how do I determine what that means?

I generally think this can be answered through a basic analysis when selecting the carrier you want to work with. Which carrier will underwrite me the most favorably based upon my specific underwriting situation? If you have sleep apnea and take medication for a couple of different purposes, then it might be one carrier. If you have type 2 diabetes it may be a totally different carrier. Based upon which carrier will underwrite your situation the best, that will determine your underwriting rating and your ultimate premium. See what offers a Florida life insurance consultant can help with you.

Another aspect of determining the best term life insurance for you is what is the company’s financial strength. Generally you want to select a company that has an A rating or better. This is something you will want to be comfortable as you select the carrier you work with.

When determining the best term you want to look at your short and long term goals and needs with the insurance. For example, will you only want the term for the term period? Will you possibly want to convert all or a piece of the term to permanent insurance? If you will want this as an option then you want to look at what the term carriers offer as conversion options. Do they have a good whole life option? Universal Life? How long do you have to convert it with no proof of insurability?

These questions might help you if you are trying to figure out what the best term life insurance is. It is going to be specific to your situation and varies per person.

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: florida life insurance, Life Insurance, permanent insurance, sleep apnea, Term life insurance, the best term life insurance, type2 diabetes, underwriting, universal life, whole life

Feed enhanced by Better Feed from Ozh

AARP life insurance Over 50

admin — Wed, 13 Jan 2010 13:26:11 +0000

We get calls all the time about AARP life insurance and that clients are interested in this. The bottom line is that AARP has partnered with New York Life Insurance Company to offer life insurance to its members. No medical exam is required and only 3 medical questions are asked on the application. Since there is minimal underwriting the premiums are note going to be more than a fully underwritten product. With that being said it may be of benefit to some to have a product not fully underwritten as health may be a concern. If that is the case there are other companies that offer similar products that may be even more competitive.

Did you know that the life insurance carriers like when you buy term life insurance? A lot of clients we speak with think that it is the agenda of the insurance company to sell them permanent insurance because it costs more. While of course life insurance carriers want you to buy permanent products, they are quite content when you buy term. Only about 2 percent of term policies ever pay out a benefit and therefore it is highly profitable for them. A good option for many is to buy a return of premium term product. This allows you to have best of both worlds with term, but return of premium if you outlive the level term. If you are not familiar with this option you should ask about it. It is usually more beneficial the younger an insured is.

© admin for Life Insurance Blog, 2010. | Permalink | No comment | Add to del.icio.us
Post tags: aarp, aarp life insurance, aarp over 50 life insurance, Life Insurance, new york life, over 50 life insurance, permanent insurance, Return of Premium, term insurance

Feed enhanced by Better Feed from Ozh