Did you know that life insurance prices are fixed by law?
This means you can`t find a better price for the same insurer`s product no matter how hard you try.
There are dozens of Life Insurance companies and HUNDREDS of Life Insurance Plans or Products and the Rates or Premiums Will Vary Widely
Depending on the carrier and the product, the same information from you will be required.
Answers to questions that will make the BIGGEST impact on your rate or premium are of course, the type of insurance you want, then Age, Tobacco use or not, Height and Weight and State in which you reside.
Thereafter, and due to underwriting methods and classifications, your health questions now enter into the equation. If you want to purchase a fully underwritten policy you’ll be asked extensive health questions. However, there are carriers and products that do not require a medical exam. These are considered simplified issue life insurance and are usually a bit more expensive because the carrier or insurer is taking on a further risk by not asking extensive questions or having you give up some body fluids.
There are many types of Life Insurance
There’s term. This type will get you covered for a certain length of time usually for a 10 year term, 20 year term or 30 year term.
There’s permanent insurance. This is insurance that will cover you for your life time and can have many other perks like being able to borrow from the policy. This type of insurance can also be classified and very successfully be used as an investment.
There’s life insurance for seniors. This is usually a whole life policy and a lot of the time people that are 50, 65, 70, 80 and even 90 are searching for this insurance which is often classified as funeral insurance or final expense.
Life insurance can be purchased with riders and have many uses and advantages. Some policies will come with living benefits. Living Benefits are when you can access some of your policy’s face amount to use for help with your ailment or to even take a vacation should you be diagnosed with a chronic, critical or terminal illness.
Riders could help with anything from leaving your grandchildren with extras when you die to paying for your Long Term Care if and when that time comes. Long term care could easily exhaust a savings account.
You can find out in minutes what an insurance rate looks like for yourself.
Get yourself to THIS SITE and play around to find out how much you can get and at what price. I can even take your application online! And, as always, if you have any questions, please reach out to me. Educating and informing is what I like to do best!