Who Needs Life Insurance?
There are several reasons to purchase life insurance. You may need to replace income that would be lost with the death of a wage earner. You may want to make sure your dependents do not incur significant debt when you die. Life insurance may allow them to keep assets versus selling them to pay outstanding bills or taxes.
What’s the difference between Term and Permanent Insurance?
Term insurance covers you for a term of one or more years. It pays a death benefit only if you die in that term. Term insurance generally offers the largest insurance protection for your premium dollar. It generally does not build up cash value.
Permanent insurance (such as universal life, variable universal life and whole life) provides long-term financial protection. These policies include both a death benefit and, in some cases, cash savings. Because of the savings element, premiums tend to be higher.
How Much Life insurance do I Need?
Some insurance experts suggest that you purchase five to eight times your current income. However, it is better to go through the above questions to figure a more accurate amount. Listed below are some resourceful links to tools you may wish to use. Please discuss this with your Life Enrollers representative.
What happen's if my policy is approved worse than I applied for?
Unfortunately, we do our best in avoiding this situation, however with your authorization we have the ability to use the medical information collected and apply with another quality life insurance carrier than could approve you at a better rate.
Often times during the medical underwriting process a medical concern is discovered that we were not aware or anticipated such as weight difference on the insurance exam, lab work that shows concerns of cholesterol, or even high blood pressure. It's very important that we understand upfront what issues could be uncovered. Again, your information stays with us, and is not disclosed with a life insurance carrier without your authorization.
If your medical issue cannot be improved with a better medical offer from the existing life insurance carrier, or another, we will lay out your options and advise you properly on how to proceed.
Rest assured, we know how important life insurance coverage is, and we want to make sure that you are insured properly and responsibly so that you can keep the promises to those that count on you the most.
I smoke cigars occasionally, Can I get a non-tobacco rate for life insurance? Because of the increased mortality risk associated with smoking, smokers almost always pay more for life insurance than their nonsmoking counterparts. Some life insurance companies distinguish between moderate smokers (20 or fewer cigarettes per day) and heavy smokers (more than 20 cigarettes per day) and offer somewhat lower rates for those who smoke less. Rising cigar popularity raised numerous questions about how to classify cigar smokers. Unfortunately, there is not yet an industry-wide consensus on this issue. Insurance companies will typically reevaluate your rates if you quit smoking for at least a year.
Please visit our Underwriting Guide for a better idea of what you may qualify for.
How do we know we are being quoted fairly? See for yourself. www.term4sale.com is nationally know as providing the most unbiased term life insurance quotes and comparisons found. Term4Sale® does not sell term insurance. Term4Sale® is owned by COMPULIFE® Software, Inc. which sells life insurance comparison software to thousands of life agents throughout the U.S. and Canada. www.lifeenrollers.com employs licensed and dedicated agents which provide advice to help guide you through the purchasing process.
A new home, the birth or adoption of a child, retirement or death of a spouse. These important life events may have an impact on your finances and may create or enhance your need for life insurance. Help keep your promises to your family and your dreams alive with a life insurance program tailored for you.