Types of Life Insurance
Learn the difference between Term, Permanent and No-Medical Life Insurance
Temporary Coverage for Short Duration’s
Term life insurance is usually shopped for based on price and conversion options. The most popular term life insurance policies offer payouts for heart attack, stroke, disability, and cancer. You can get an idea of how much coverage may cost by using our instant term life insurance quoter located below.
For term life insurance, our general philosophy is to obtain a low price for the amount of coverage to be purchased and give secondary thought to a flexible conversion option. Because life insurance pricing is heavily based on health and type of condition, we shop each case to get you the best rate.
The main drawback to term is when the coverage ends, the premiums generally skyrocket. Term is not designed to provide lifetime coverage.
Lifetime Coverage at a Low Premium
The most popular policies offer payouts for heart attack, stroke, disability, and cancer.
Do you have a financial safety net to buy time for the family to get back on its feet when serious illness or death will inevitably occur?
Let us show you how affordable coverage can be by requesting a no obligation permanent life insurance presentation and consultation.
Designed for Wealth Accumulation
The most popular plans offer protection against drops in the market, diversification across major market indices, and the ability to withdraw cash values on a tax free basis*. These plans can be used to compliment and strengthen a clients existing portfolio and offer tax diversification of retirement income.
We consider Permanent Plus policies for clients that have maxed their Roth contributions, or are ineligible for a Roth due to income.
We specialize in presenting these policies for our emerging affluent and affluent clients. Let us show you how much tax free retirement income a plan like their can provide by requesting a no obligation presentation.
*tax free when properly designed
Don’t like needles? No worries!
Our team of independent agents will compare life insurance products and let you know your best deal for both non medical exam and fully underwritten life insurance. Many times the cost between the two policies will be small.
High cholesterol and blood pressure are the most common reasons a policy comes back with a higher premium. If you are concerned about your blood work, paying a few additional dollars for a non medical policy may save you significant premiums versus a fully underwritten policy. A non medical approval is fast, with some approvals in as little as 15 minutes. Read more about this subject here.
Your lab results are processed and the life insurance carrier offers you a policy based on your results. In come cases, a physician’s statement may be collected if the carrier feels more information is needed.
For healthy individuals, the typical time it takes for the insurance company to underwrite your case and make an offer can be as fast as 48 hours. However, the normal time is 2-4 weeks. For someone with a complex health history it can take 4-6 weeks or longer.
An advantage with a fully underwritten policy is that for those who are healthy the savings can be substantial. Read more about this subject here.