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This page is all about the different options that are available to you today in the world of Life Insurance and all the various programs that you can use and how they can benefit you and your family!
Term insurance is a life insurance plan that provides coverage for a fixed rate of payment for a limited period of time. After that period of time expires your coverage at the previous rate of fixed premiums is no longer guaranteed. Depending on the company you must reapply or you can ask for a quote for another term of time with a fixed payment.
That price will be much higher than you paid before because the risk of your death is much higher. If you die during the term of the policy, the death benefit will be paid to the beneficiary. Term insurance is the least expensive life insurance plan to purchase a subtantial death benefit on a coverage amount per premium dollar basis. Term insurance is not used for estate planning needs or charitable giving strategies however if someone is only interested in income replacement needs, term plans work well!
Term plus is term insurance with three additional features: terminal illness, chronic illness and critical illness. Terminal illness is when you have been certified by a physician as having an illness or chronic condition which can reasonably be expected to result in death in 12 months or less.
Chronic illness is when you have been certified by a licensed health care practitioner as being unable to perform 2 out of the 6 activities of daily living or is cognitively impaired. The activities of daily living are bathing, continence, dressing, eating, toileting, and transferring.
Critical illness is when you get access to a portion of the death benefit if you experience a qualifying event. This would include: heart attack, stroke, diagnosis of cancer, diagnosis of end stage renal failure, major organ transplant, diagnosis of ALS and blindness.
To get all three benefits you must apply NOW! You have 24 hours to apply and you will get all three for FREE, if you apply after 24 hours up to 7 days, you get to pick any two of the three benefits for FREE or after 7 days you get to pick just one of the three benefits when you apply. Your system is being tracked and we are only trying to reward the people that take ACTION…NOW!
The other option is permanent life insurance that is designed to cover you for life regardless of how long you live. There are two options for permanent life insurance: whole life and universal life. Either plan guarantee coverage with fixed permiums for the lifetime of the covered individual.
Whole life insurance was designed to lock in the premium that is to be paid for life and provide a cash value to be used for later in life, if needed. This is an old style plan and is not sold very much anymore. Universal life is a combination of term and whole life mixed together. These are the best plans going today!
The latest design plan that is the most popular today is called equity indexed universal life plan. With this plan you benefit from the increase in the stock market but your money is not in the stock market. The best way to explain this plan is when the stock market goes up so does your account value, however when the stock market goes down your account value stays at the current level. You will never lose money in this program.
If you would like a quote to see how it can benefit you and your family, simply click on the apply NOW button and fill out the information on the form and email it back to us and we can email you a quote. Then, you can decide when you want to go ahead with this program.
An equity indexed universal life plan can also provide an income for life regardless of how long you live, it can also give you terminal, chronic and critical illness coverage as well depending on the needs of you and your family when you apply. The only way to find out what you need is to apply and get all the facts before you make any decisions because not everyone will be accepted!
It is all based on your medical history and your current health status. So, do your research on us and we will do our research on you to see what we can offer. Take a minute to review our FAQ’s section and ask yourself these questions but most of all, answer yourself honestly. Only you know the truth about your needs and why you need to act NOW to secure your families future financially!
Thanks for reading this page and we look forward to servicing your needs, whatever and whenever you are ready to take ACTION!