Do I have to pay a full year at a time?

No, we use annual premiums to compare apples to apples. Insurance companies typically offer 4 premium modes: annual, semi-annual, quarterly and monthly. You will recognize the best saving by paying annually, but life insurance shouldn't hinder your budget.

So you represent quality companies?

Not only do we quote A to A++ companies exclusively, but we also review monthly the health status reports of our companies as well as the industry at large. We also don't use a single source of our information, but regularly review AM Best, Standard and Poor's, Moody, The Street and others to gain a more rounded look at the companies.

What does “subject to full underwriting,” mean?

When we provide quotes they are the most accurate according to the information you are able to provide. A life insurance policy is underwritten to the accuracy of all information that can be accumulated including: doctor records, a paramedical exam (which is paid for by the insurance company), as well as other sources of risk like driving records. This additional diligence removes contestability claims as well as lowers premiums to the insured.

Do I need to take an exam?

Several companies provide no exam or simplified issue policies to a select group of clients. Certain factors such as age, health and avocation effect admittance. These are especially practical for people with limited spare time to spend getting paperwork and exams completed or people who find they need coverage on short notice.

Is there a waiting period before life insurance becomes effective?

A standard insurance policy is effective upon completion of underwriting and delivery requirement completion. This means at the same time as it is issued. However there are other types of policies issued as guaranteed issue products, which may have graded benefit periods. Also policies come with 2 year contestability periods during which fraudulent policies can be revoked.

Is whole life better than term?

Yes and No. Whole life and term will insure the life of a person for the same coverage amount, but whole life never expires. However, it does so at a tremendous cost to the consumer. It does provide the opportunity for income growth through dividends, but these are quite a bit less than investments in alternative investments and are typically not as liquid. The bottom line is that whole life and term are two tools in the life insurance toolbox and different financial needs require consideration of the use of whichever tool will get the job done.

What if I outlive my term insurance?

Congratulations, you have outlived the debt of youth and have provided for your family protection until you achieved "self insurance." Enjoy the party.

For others they find that they may always need some form of insurance, let's make sure there is a provision to convert your term to permanent coverage for the second half of life.

And there are those where a rider option, such as return of premium will fit their insurance style.

Call with any further questions

(866)823-4789