Frequently Asked Questions – You have questions, and we provide the answers!
- Do I really need life insurance? – What it basically comes down to is a simple question. Do I have anyone that is dependent on your salary to maintain a certain standard of living in case of your death? Would your family need help to cover rent and mortgage payments or simply to cover the costs of a funeral? What would be the financial impact of your passing?
Let’s not forgot about possible medical expenses and other expenses of a protracted illness. If you are thinking “No, they wouldn’t, be prepared for any of that” then you should be considering what insurance options would work best for you and your needs. What death benefits would help your family survive your passing.
Life insurance is never about us;
it’s always been about our family and those we leave behind.
- What are “Simple Issue” policies? – Generally speaking, you are asked a series of health questions but are not required to undergo any physical exams. Simple Issue policies are the most common type of policy available today.
- What is a mutual insurance company and why does that matter? – Mutual insurance companies are owned by their policy holders. When you buy a policy, you become “an owner” in the company. Any profits that the company makes are paid out in dividends that can be used to buy more insurance for you, reduce your payments, or be sent to you in a yearly check. In other words, your policy can help pay for itself. *Please note that not all life insurance policies will pay dividends, and the dividends will vary from year to year and are not guaranteed.
We work with several mutual companies.
A company owned by stock holders is referred to as a stock insurance company, and is actually more liberal in issuing you a policy depending on your health needs.
- What products do we offer? – First and foremost, we concentrate on Life Insurance and in particular policies that are designed to cover all expenses for the end of a loved one’s life. These are normally referred to as Final Expense policies, but we offer a wide variety of other types of life insurance include ACA or “Obamacare” and Medicare options. Contact me for additional information about Final Expense and other types of insurance we offer.
- What is the difference between “Term” and “Whole Life” insurance? – The word “term” just means that the policy will cover you for a certain amount of time, normally anywhere from 10 to 30 years. These are great policies to ensure that your home is paid off for example if something happens to you.
- A whole life policy covers your entire life, where the payment is fixed on the age and health of when you bought your policy. The price is locked in and does not change over time. The policy may have some additional benefits like being able to collect dividends, build cash value and often can be issued in a variety of ways depending on your needs.
- What other services do you offer? – We currently can offer individual health, and family polices through the ACA marketplace as was as Medicare and supplemental medical insurance.
If you are seeking something not mentioned; please feel free to contact us and let us know in the comments box. We will pass your information on to an agent licensed by your state in that field.
We do NOT sell your information and follow all rules and regulations regarding your private and personal information.
Have additional questions?
We’re here to help. Let’s talk.