Just as your cars need a tune up occasionally to keep them at optimum performance, so does your Life Insurance.
During the years since you purchased your policy, you may have increased the size of your family, improved your income, bought a new house — significantly increased your personal and financial responsibilities. This could mean you don’t have the total protection you need. And you need to add to your coverage or get new coverage to protect your family.
By the same token, during the past years your children may have finished school and gone off on their own. You may have downsized your personal and financial needs. And your assets may have grown. These factors could mean you can cut back on your Life Insurance coverage.
It’s a good idea to take a Life Insurance “audit” every few of years and “tune up” your protection if necessary. And it needn’t cost you a penny.
An easy way to determine your Life Insurance needs is contact an independent sales agency like selectquote.com with experienced, impartial licensed agents. They’ll not only help you determine your needs, they can “comparison shop” highly rated companies for your best rates.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Wednesday, October 31, 2007
Tuesday, October 30, 2007
BTID Life Insurance. What does it mean?
It’s a short hand term many financial planners use and it means: Buy Term Life Insurance and invest the difference.
The difference they are referring to is the difference in cost between comparable amounts of Term or Permanent Life Insurance.
Permanent Life Insurance is just that. It can last until you’re 100 in many cases. And it can have components that build cash value.
Term Life Insurance is pure protection for a specified period of time — usually 10, 15, 20 or 30 years. In most cases, Term Life builds up no cash value. However it is much cheaper than Permanent Life Insurance for a comparable amount of coverage.
Because of this cost differential, many financial experts recommend their clients buy Term Life Insurance for the period of time when their family is most vulnerable if something happened to a breadwinner. And invest the savings from buying Term Life Insurance into safe, high yield investments.
Most financial advisors recommend that you do not look upon Life Insurance as an investment. It should be chosen for what it can best do: provide affordable financial protection for your family. Life Insurance and investments require separate financial strategies.
The easiest way to determine the Term Life Insurance company with the best rates for you, is to contact an independent sales agency like SelectQuote with experienced, impartial agents that represent a number of highly rated Life Insurance companies that specialize in different risks.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
The difference they are referring to is the difference in cost between comparable amounts of Term or Permanent Life Insurance.
Permanent Life Insurance is just that. It can last until you’re 100 in many cases. And it can have components that build cash value.
Term Life Insurance is pure protection for a specified period of time — usually 10, 15, 20 or 30 years. In most cases, Term Life builds up no cash value. However it is much cheaper than Permanent Life Insurance for a comparable amount of coverage.
Because of this cost differential, many financial experts recommend their clients buy Term Life Insurance for the period of time when their family is most vulnerable if something happened to a breadwinner. And invest the savings from buying Term Life Insurance into safe, high yield investments.
Most financial advisors recommend that you do not look upon Life Insurance as an investment. It should be chosen for what it can best do: provide affordable financial protection for your family. Life Insurance and investments require separate financial strategies.
The easiest way to determine the Term Life Insurance company with the best rates for you, is to contact an independent sales agency like SelectQuote with experienced, impartial agents that represent a number of highly rated Life Insurance companies that specialize in different risks.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Monday, October 29, 2007
Use Tobacco? You may qualify for Non-Smoker Life Insurance Rates.
Assuming all other factors are constant, people who smoke pay two to three times more for Life Insurance than people who don’t.
However, several Term Life companies now offer non-smoker rates for people who meet their underwriting guidelines. The challenge is knowing which company offers the best rates for you.
Let’s say you smoke cigars. One highly rated Term Life Insurance company offers non-smoker rates if you puff up to 52 cigars a year. Another allows 48 a year. Still another allows only 12 a year.
When it comes to cigarettes, most Life Insurance companies charge smoker rates if you light up as little as one cigarette during the past year. However, if you have quit smoking for at least a year, there is a good chance you can qualify for non-smoker rates. You may even qualify for a non-tobacco rate with daily use of cigars, pipes or chewing tobacco. Again it’s all about choosing the right company for you.
The same goes for people who use smokeless tobacco or other nicotine products.
The easiest way to determine the Life Insurance company with the best rates for you, is to contact an independent sales agency like SelectQuote with experienced, impartial agents that represent a number of highly rated Life Insurance companies that specialize in different risks.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
However, several Term Life companies now offer non-smoker rates for people who meet their underwriting guidelines. The challenge is knowing which company offers the best rates for you.
Let’s say you smoke cigars. One highly rated Term Life Insurance company offers non-smoker rates if you puff up to 52 cigars a year. Another allows 48 a year. Still another allows only 12 a year.
When it comes to cigarettes, most Life Insurance companies charge smoker rates if you light up as little as one cigarette during the past year. However, if you have quit smoking for at least a year, there is a good chance you can qualify for non-smoker rates. You may even qualify for a non-tobacco rate with daily use of cigars, pipes or chewing tobacco. Again it’s all about choosing the right company for you.
The same goes for people who use smokeless tobacco or other nicotine products.
The easiest way to determine the Life Insurance company with the best rates for you, is to contact an independent sales agency like SelectQuote with experienced, impartial agents that represent a number of highly rated Life Insurance companies that specialize in different risks.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Friday, October 26, 2007
Can Diabetics get Life Insurance?
If you have Type 2 (Adult Onset) Diabetes, and you control it well, the answer is frequently, “yes.” What’s more, if you choose the right Life Insurance Company, you can get reasonable rates. Many companies have adjusted their guidelines and prices for people with good control over Type 2.
The ideal candidate is someone with good weight and no complications such as nerve damage, kidney problems or heart disease. Usually, the older you were when the onset took place, the better your rates.
The easiest way to determine what your rates might be is to contact an independent company like SelectQuote, that represents a number of highly rated Life Insurance companies that specialize in different risks.
To get an accurate quote be sure to tell your agent how many days a month your sugar level exceeds 120. And your most recent AIC level, which measures your average blood sugar levels over the past 8 to 12 weeks.
It is more difficult for people with Type 1 Diabetes to get Life Insurance, but it’s worth a call to an independent Life Insurance sales agency to see what might be available.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
The ideal candidate is someone with good weight and no complications such as nerve damage, kidney problems or heart disease. Usually, the older you were when the onset took place, the better your rates.
The easiest way to determine what your rates might be is to contact an independent company like SelectQuote, that represents a number of highly rated Life Insurance companies that specialize in different risks.
To get an accurate quote be sure to tell your agent how many days a month your sugar level exceeds 120. And your most recent AIC level, which measures your average blood sugar levels over the past 8 to 12 weeks.
It is more difficult for people with Type 1 Diabetes to get Life Insurance, but it’s worth a call to an independent Life Insurance sales agency to see what might be available.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Thursday, October 25, 2007
Wednesday, October 24, 2007
What are Life Insurance rates based on?
Life insurance premiums are as individual as your fingerprint. They’re based on your “risk profile” which is measured for the most part by your:
· Age. The younger you are, usually the lower your price.
· Tobacco Use — cigarettes or other nicotine products past or present.
· Health status. Height, weight. Have serious health issues?
· Gender. Women generally get lower rates than men of the same age because statistically, women live longer.
· Family medical history of parents and siblings.
· Lifestyle. Are you a pilot? Sky or scuba dive?
The other important thing you need to know is that each of the 1,000-plus companies that offer Life Insurance sets its own price for each “risk profile”. They have 15 or more categories of risk and different rates for each one. So the trick is finding the company that offers the best price for your “risk profile.”
Unless you’re willing to spend days talking to agent after agent the simplest thing to do is have an independent company shop for you. The oldest and largest company of this kind is SelectQuote.com. Their agents are all licensed and have tremendous expertise. they will ask several questions to determine which risk category you are likely to fall into and then shop the diverse and highly rated companies they represent for your best rates. No salesperson comes to your door.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
· Age. The younger you are, usually the lower your price.
· Tobacco Use — cigarettes or other nicotine products past or present.
· Health status. Height, weight. Have serious health issues?
· Gender. Women generally get lower rates than men of the same age because statistically, women live longer.
· Family medical history of parents and siblings.
· Lifestyle. Are you a pilot? Sky or scuba dive?
The other important thing you need to know is that each of the 1,000-plus companies that offer Life Insurance sets its own price for each “risk profile”. They have 15 or more categories of risk and different rates for each one. So the trick is finding the company that offers the best price for your “risk profile.”
Unless you’re willing to spend days talking to agent after agent the simplest thing to do is have an independent company shop for you. The oldest and largest company of this kind is SelectQuote.com. Their agents are all licensed and have tremendous expertise. they will ask several questions to determine which risk category you are likely to fall into and then shop the diverse and highly rated companies they represent for your best rates. No salesperson comes to your door.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Tuesday, October 23, 2007
Can my Life Insurance rate be lowered after I have a policy?
Let’s say you were overweight when you first bought Life Insurance. Or you smoked, but you’ve quit for more than a year.
If you have resolved any health issue that pushed you into a more expensive Life Insurance rating group, chances are you can save money on your Life Insurance — especially Term Life Insurance. That’s because many Term Life Insurance rates have become cheaper than they were several years ago.
You can contact your present Life Insurance company and see if they will lower your rates based on proof of improved health.
But it ultimately might be easier to apply for a new policy. A different company may have lower rates for your current risk profile, so it’s a good idea to shop around.
The quickest, easiest way to do this is contact an independent company that sells Life Insurance over the phone or Internet and represents a range of highly rated Life Insurance Companies that specialize in insuring people with different risks.
At SelectQuote.com there’s no obligation for quotes and no salesperson comes to your door.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
If you have resolved any health issue that pushed you into a more expensive Life Insurance rating group, chances are you can save money on your Life Insurance — especially Term Life Insurance. That’s because many Term Life Insurance rates have become cheaper than they were several years ago.
You can contact your present Life Insurance company and see if they will lower your rates based on proof of improved health.
But it ultimately might be easier to apply for a new policy. A different company may have lower rates for your current risk profile, so it’s a good idea to shop around.
The quickest, easiest way to do this is contact an independent company that sells Life Insurance over the phone or Internet and represents a range of highly rated Life Insurance Companies that specialize in insuring people with different risks.
At SelectQuote.com there’s no obligation for quotes and no salesperson comes to your door.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Monday, October 22, 2007
In a hurry for Life Insurance? Hate needles? Good news.
A highly rated Term Life Insurance company now offers up to $300,000 in coverage and, if you qualify, you can have your policy approved in just 24-48 hours without a Medical Exam.
This convenience will probably cost you more than regular Term Life Insurance. Just how much more — and how much Life Insurance you can get — depends on your age, gender and other factors.
According to the Life Insurance company issuing the policy, “The price of this product reflects a very convenient, fast application process. Most applications are approved without a medical exam in 24-48 hours. Getting a policy depends on your answers to a health questionnaire.”
An easy way to see if this policy makes sense for you is to contact selectquote.com, America’s largest independent Term Life Insurance sales agency.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
This convenience will probably cost you more than regular Term Life Insurance. Just how much more — and how much Life Insurance you can get — depends on your age, gender and other factors.
According to the Life Insurance company issuing the policy, “The price of this product reflects a very convenient, fast application process. Most applications are approved without a medical exam in 24-48 hours. Getting a policy depends on your answers to a health questionnaire.”
An easy way to see if this policy makes sense for you is to contact selectquote.com, America’s largest independent Term Life Insurance sales agency.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Thursday, October 18, 2007
Comparing Permanent and Term Life Insurance.
Life Insurance policies fall into just two basic categories: Term and Permanent. Understanding the differences between these two will help you decide which policy is best for you.
A Permanent Life Insurance policy lasts as long as you pay the premiums — or at least until you’re 100. Whole Life, Universal Life, Variable Life—they're all forms of Permanent Life Insurance.
A distinguishing feature of a Permanent policy is its cash value. Part of the premium you pay covers your Insurance and part goes into a cash fund.
A Term Life Insurance policy provides coverage for a stated period of time—typically 10, 15, 20 or 30 years.
Because the Insurance company's liability is limited and there is no cash value benefit, Term Life Insurance costs significantly less than Permanent Life Insurance.
Most financial planners recommend Term Life Insurance over Permanent. Here's why:
Term is economical. For many men and women, it's the only way they can afford the large amounts of coverage they need to protect the financial security of their family.
Term can be tailored to just the years you need it. You may have a long-term need—until a new baby finishes medical school. Or a short term need—just a few more years until the kids are on their own. You pay premiums only for the time you need protection.
Most Term policies always include a conversion right. This provision lets you turn in your Term policy for a Permanent policy. In this way, you can get coverage during your younger years at far lower premiums, and have the option of converting to Permanent Insurance if your health takes a turn for the worse.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
A Permanent Life Insurance policy lasts as long as you pay the premiums — or at least until you’re 100. Whole Life, Universal Life, Variable Life—they're all forms of Permanent Life Insurance.
A distinguishing feature of a Permanent policy is its cash value. Part of the premium you pay covers your Insurance and part goes into a cash fund.
A Term Life Insurance policy provides coverage for a stated period of time—typically 10, 15, 20 or 30 years.
Because the Insurance company's liability is limited and there is no cash value benefit, Term Life Insurance costs significantly less than Permanent Life Insurance.
Most financial planners recommend Term Life Insurance over Permanent. Here's why:
Term is economical. For many men and women, it's the only way they can afford the large amounts of coverage they need to protect the financial security of their family.
Term can be tailored to just the years you need it. You may have a long-term need—until a new baby finishes medical school. Or a short term need—just a few more years until the kids are on their own. You pay premiums only for the time you need protection.
Most Term policies always include a conversion right. This provision lets you turn in your Term policy for a Permanent policy. In this way, you can get coverage during your younger years at far lower premiums, and have the option of converting to Permanent Insurance if your health takes a turn for the worse.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Wednesday, October 17, 2007
What a difference a few dollars can make buying Term Life Insurance
For pure, no-nonsense financial protection for your family most financial experts agree nothing beats Term Life Insurance.
Unlike almost everything else today, Term Life Insurance rates at many good companies have actually decreased from several years ago. So if you have a policy that’s more than five years old, it would be a good idea to see what that same coverage would go for today.
By the same token, if you’re looking to buy new or additional Term Life Insurance for yourself or a spouse be sure to shop around.
An easy way to do this is to go online and find an independent sales agency that represents several highly rated Life Insurance companies. Make sure you talk with a licensed, experienced agent. And be sure to have him quote your cost for different amounts of coverage (for example, $250,000 and $500,000).
You may be surprised at how much more protection you can buy for your family for simply a few dollars a month more.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Unlike almost everything else today, Term Life Insurance rates at many good companies have actually decreased from several years ago. So if you have a policy that’s more than five years old, it would be a good idea to see what that same coverage would go for today.
By the same token, if you’re looking to buy new or additional Term Life Insurance for yourself or a spouse be sure to shop around.
An easy way to do this is to go online and find an independent sales agency that represents several highly rated Life Insurance companies. Make sure you talk with a licensed, experienced agent. And be sure to have him quote your cost for different amounts of coverage (for example, $250,000 and $500,000).
You may be surprised at how much more protection you can buy for your family for simply a few dollars a month more.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Friday, October 5, 2007
The Steps to getting a Life Insurance Policy
Many people who buy Life Insurance for the first time are surprised at the length of time it takes to get a policy. In most cases the steps are:
1. Get Quotes. Make sure you talk with a sales agent or company that is independent and represents several highly rated companies. Time required: with Term Life Insurance you can probably do this over the phone in 15 or 20 minutes.
2. Select a Life Insurance company and apply. Some Life Insurance companies have more lengthy processes than others. Be sure to ask your agent, for an estimate of how long this will take by the Life Insurance companies you are interested in.
3. Paramedical exam. This should take place in your home or office and is free. An appointment is required. The exam itself takes about 20 to 30 minutes.
4. Underwriting. The Life Insurance company you choose reviews your application and medical exam results. If additional information, like a copy of your medical records is required, this could take a few weeks.
5. Policy delivery. Once you receive the policy contract, review it to see that you agree on all details. Then sign and return it to the Insurance company with any final forms and payment needed. A full refund of any prepayment is available within 20 days if your policy is not satisfactory for any reason.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
1. Get Quotes. Make sure you talk with a sales agent or company that is independent and represents several highly rated companies. Time required: with Term Life Insurance you can probably do this over the phone in 15 or 20 minutes.
2. Select a Life Insurance company and apply. Some Life Insurance companies have more lengthy processes than others. Be sure to ask your agent, for an estimate of how long this will take by the Life Insurance companies you are interested in.
3. Paramedical exam. This should take place in your home or office and is free. An appointment is required. The exam itself takes about 20 to 30 minutes.
4. Underwriting. The Life Insurance company you choose reviews your application and medical exam results. If additional information, like a copy of your medical records is required, this could take a few weeks.
5. Policy delivery. Once you receive the policy contract, review it to see that you agree on all details. Then sign and return it to the Insurance company with any final forms and payment needed. A full refund of any prepayment is available within 20 days if your policy is not satisfactory for any reason.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Wednesday, October 3, 2007
Life Insurance can maximize Retirement Benefits
With a traditional or defined-benefit pension plan, you have to make a choice at retirement. You can take full benefits for as long as you live. Or take reduced benefits, and they will continue for your spouse as long as he or she lives.
If you’re in decent health at retirement, most financial advisors recommend you take full benefits. Then, buy a Term Life Insurance policy with the spouse as beneficiary that, if you die first, will provide the income the spouse needs.
The difference between what you would receive taking full versus reduced benefits can usually more than cover the premiums for a hefty Term Life policy. Especially today, when Term Life Insurance rates are especially low.
It’s easy to determine if this strategy is right for you. Just ask your benefits counselor at work what your full would be each month vs. reduced benefits.
Then go online and shop an independent Term Life Insurance sales agency that provides free quotes and represents several highly rated Life Insurance companies. Chances are you’ll be way ahead taking full benefits and buying the Term Life Insurance.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
If you’re in decent health at retirement, most financial advisors recommend you take full benefits. Then, buy a Term Life Insurance policy with the spouse as beneficiary that, if you die first, will provide the income the spouse needs.
The difference between what you would receive taking full versus reduced benefits can usually more than cover the premiums for a hefty Term Life policy. Especially today, when Term Life Insurance rates are especially low.
It’s easy to determine if this strategy is right for you. Just ask your benefits counselor at work what your full would be each month vs. reduced benefits.
Then go online and shop an independent Term Life Insurance sales agency that provides free quotes and represents several highly rated Life Insurance companies. Chances are you’ll be way ahead taking full benefits and buying the Term Life Insurance.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
Tuesday, October 2, 2007
Does a spouse need Life Insurance?
If both you and your spouse work, and you depend upon both incomes to keep afloat financially, you both need Life Insurance. Term Life Insurance is the most affordable way to help assure income can be replaced should either of you die.
If you are each in reasonably good health, you can probably buy hundreds of thousands of dollars in Term Life Insurance for just pennies on the dollar. What’s more, because women statistically live longer than men, their premiums are even lower.
What about a spouse who doesn’t work? Well, unless you’re independently wealthy, it’s usually a good idea for a non-working spouse to have Life Insurance as well. Just think what it would cost if you had to hire out childcare, shopping, chauffeuring, cleaning and cooking.
Even if the surviving spouse picked up some of these tasks, he or she would probably have to sacrifice time at work. And this could have a huge economic impact on your income.
There’s a quick, hassle-free way to get an idea of how affordable Term Life Insurance can be for you. Just to go the web and find an independent sales company that represents a range of highly rated Term Life Insurance companies. Call them up and ask for a impartial “price comparison” of your best prices.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
If you are each in reasonably good health, you can probably buy hundreds of thousands of dollars in Term Life Insurance for just pennies on the dollar. What’s more, because women statistically live longer than men, their premiums are even lower.
What about a spouse who doesn’t work? Well, unless you’re independently wealthy, it’s usually a good idea for a non-working spouse to have Life Insurance as well. Just think what it would cost if you had to hire out childcare, shopping, chauffeuring, cleaning and cooking.
Even if the surviving spouse picked up some of these tasks, he or she would probably have to sacrifice time at work. And this could have a huge economic impact on your income.
There’s a quick, hassle-free way to get an idea of how affordable Term Life Insurance can be for you. Just to go the web and find an independent sales company that represents a range of highly rated Term Life Insurance companies. Call them up and ask for a impartial “price comparison” of your best prices.
SelectQuote has exclusive videos of Suze Orman offering impartial advice on buying Life Insurance.
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