Life Insurance Blog

affordable life insurance options

admin — Wed, 09 Jun 2010 01:07:00 +0000

There are more and more affordable life insurance options with all the companies vying for the business. On top of that we are seeing people live longer than ever before. With competition and different product lines that are designed for different lengths and flexibility, it creates a lot of affordable life insurance options for consumers. Term life insurance is almost a straight commodity if you have no interest in converting to a permanent plan ever. Term rates have gone … [visit site to read more]

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Post tags: affordable life insurance, Life Insurance, return of premium term, term insurance

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life insurance after retirement

admin — Tue, 08 Jun 2010 00:38:39 +0000

Life insurance is something that is often times not kept during retirement years. With the opportunity to presumably self insure at that point, many people will drop their term or let it expire. While this is a strategy of many, it is not always the best one to pursue. You may assume you don’t need or want life insurance after retirement, but how do you truly know how you will feel when you reach that age.

We speak to clients everyday that are looking to qualify for coverage that … [visit site to read more]

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Post tags: estate planning, income replacement, life expectancy, Life Insurance, mortgage protection

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When is the best time to have life insurance

admin — Sat, 05 Jun 2010 23:15:56 +0000

The best time to have life insurance is when you die or when you need access to money for opportunities and purchases. The reason I say the best time to have life insurance is when you die, is so your family gets a death benefit. It does you little good other than protect your income years, if you pass away with no insurance. If you paid for term for 20 0r 30 years and now you die with no coverage, that is quite unfortunate. Most assume that once you get to a point and you … [visit site to read more]

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Post tags: cash value, Life Insurance, term life

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life insurance carriers-niches

admin — Fri, 14 May 2010 13:15:24 +0000

The various life insurance carriers have different niches that they focus their attention on. Some carriers will focus their efforts on being ultra competitive with individuals that are over 50 looking for term insurance. Other carriers, will not be competitive with over 50 and will be mostly focused on competing with individuals in their 20’s and 30’s.

Some of the carriers don’t try and compete with the other companies on the cheapest term rates. These type of carriers may put … [visit site to read more]

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Post tags: cheapest term rates, life insurance carriers, Mass Mutual, term insurance

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life insurance service

admin — Thu, 13 May 2010 13:01:36 +0000

Often times the service that is provided by a life insurance agent is underestimated. You might think that the only thing the agent does is sell you the policy and then moves on. We focus on providing great service to our customers during the underwriting process and after they are officially a policyholder. I have heard many customers, say that they didn’t know who to call and had to call someone at a call center for a basic policy question in the past. We are available to our … [visit site to read more]

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Post tags: Life Insurance, life insurance agent, universal life, whole life

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affordable life insurance carriers

admin — Wed, 12 May 2010 16:56:45 +0000

Since term life insurance is basically a commodity the life insurance carriers have had to make it very affordable to compete. The ability to keep it cheap is centered around a few factors. One is that the insurance companies rarely ever pay a death claim on a term policy. Typically, less than two percent of people with term policies ever make a claim. Since so few people actually die, it is a big money maker for the life insurance company. It is a win for the consumer … [visit site to read more]

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Post tags: affordable life insurance, life expectancy, Life Insurance, life insurance carriers, Term, term policies

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converting term life to permanent

admin — Tue, 11 May 2010 16:38:04 +0000

Did you know that you can convert your term life insurance to a permanent plan with no proof of insurability? Many times clients will not be aware of this fact and are excited to hear about this valuable option. Depending on the carrier, there is a period of time that all or part of the policy can be converted to a permanent plan offered by that carrier. Just about every carrier will offer a whole life and or a universal life as a conversion option. For example, if you have a … [visit site to read more]

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Post tags: conversion, dividend paying whole life, guaranteed universal life, permanent plan, Term life insurance, universal life, whole life

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risk management-life insurance

admin — Mon, 10 May 2010 20:42:19 +0000

Life Insurance is one of the best risk management tools that are available to businesses and individuals. The loss of a key executive or key person for a company can be devastating in multiple ways to the company. Not only do you lose someone who is integral in what you do as a company, but you have a need to find a replacement. There is no telling whether you will be able to find a suitable replacement quickly or if you will even be able to find a comparable replacement. The loss … [visit site to read more]

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Post tags: key person, Life Insurance, risk management

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underwrite for the max you might want

admin — Wed, 05 May 2010 12:26:03 +0000

Many of the clients that we speak with don’t know the exact amount of life insurance coverage that they want. In many cases the amount of coverage they want is dictated about the cost of policy. To determine the cost on the policy it requires them to go through the process of underwriting. At the end of underwriting they will get an insurance rating, such as preferred elite, preferred, standard, etc. and that will actually determine the rate. With the rate established, we will … [visit site to read more]

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Post tags: Life Insurance, preferred, preferred elite, standard, underwriting

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buy whole life when your young

admin — Thu, 29 Apr 2010 15:25:28 +0000

Whole life is a great product to buy and the younger you are when you buy it, the better off you are. When you buy whole life insurance you lock into the mortality of the age of purchase. In other words, the younger you are, the lower the mortality of the policy and the lower the premium is you lock into. The premium of whole life never increases, so it will remain level until age 100.

On top of locking into the mortality of whole life, it is also beneficial to get the policy … [visit site to read more]

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Post tags: cash value, preferred policy loans, whole life, whole life insurance

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