A life insurance application may require an exam.
You’ve completed and signed an application for life insurance; what happens next? Depending on the amount of life insurance you apply for, you may be asked to provide medical information as part of the underwriting process or to submit to a medical exam. Underwriting for life insurance is often perceived as a daunting experience, but it doesn’t have to be.
Your agent can use software to help you determine how much life insurance you need.
Once you have decided to purchase life insurance, the next question to answer is how much to purchase.
Some people select coverage based on an arbitrary amount: $100,000 or $200,000. Others purchase enough to pay off a home mortgage or other major bill. And some stick to the tried-and-true measure of 10 times salary.
But there are other methods to consider. You can complete a fact finder/needs list or use a life insurance calculator. Read More
Review your life insurance periodically to assure you have the coverage you need.
You had a plan and you did the right thing: You purchased a life insurance policy to protect your family. But things have changed since you took out that universal life insurance policy, and it may be time for you to pull your policy out of your files and review where it stands.
Your universal life insurance policy (UL) is a form of permanent life insurance that also has an investment component. A portion of each premium you pay helps build a tax-deferred cash value and earns the current interest rate. Read More
Significant life events are good reasons to evaluate your life insurance needs.
Weddings. Bridal showers. Graduations. Family reunions.
What is the connection between these joyous summer occasions and life insurance? The answer is, (drum roll please), they’re all reminders of love and protection. My happiness is tied to the people I love and hold most dear in my life. My child, my wife, my family are what make me happy. I would do anything in my power to protect those I love.
So what is life insurance, but the ultimate gesture of love and protection? I understand no one wants to talk about it, but it’s necessary.