Life Insurance is an effective way to leave behind – or increase – a legacy for your loved ones. By providing immediate liquidity, it also facilitates the payment of estate taxes and other expenses. If you own a business, we can recommend creative uses of life insurance to help you attract and retain top professional talent, provide key executives with unique incentives and fund a succession plan.
Beyond protecting your family and business, insurance can support your philanthropic efforts. Thousands of charities are recipients of life insurance and annuity gifts each year. Not only can you turn modest donations into major endowments, you can replace assets given to charity so your family’s inheritance remains intact.
Why should you purchase term life insurance from our agency?
Our Agency gives you the information you need to make your term life insurance decision with confidence. We provide you information from the leading life insurance companies. We provide instant term life insurance quotes, online insurance applications, and online customer service. We give you simple instructions, and competent and qualified staff to respond to your needs over the net or over the phone.
It can be easy to purchase term life insurance. For more information please visit Our Company page. Our extraordinary carrier database means more choices for you and you can rest assured that you can purchase for the lowest premiums available.
Term life insurance defined
Term life insurance is an insurance policy covering a person’s life for a specified number of years. It is often offered with a guaranteed premium for a particular number of years. Term life does not have accumulated cash value. Accumulated cash value generally is the distinction between term life insurance and whole life or universal life insurance. Cash value policies are initially much more expensive than term life insurance policies for the same amount of coverage.
Choosing a term life insurance company
Term life insurance is very much like many common commodities in the market place. It is a product that varies very little from company to company. Generally the biggest difference in the product is the price. So that you can choose between many different companies and see the price difference, we provide you a comparison of approximately 25 of the best rates for your age from America’s 175 top-rated companies.
Our Agency only quotes from companies with an A.M. Best rating of A- or better. As a result you will be selecting from insurance companies that have been assigned a superior rating of A- or better from the leading independent insurance company rating service… A. M. Best. All you have to do is to decide the amount of life insurance you need and how much you want to pay. Please keep in mind Insurance companies alone determine insurability, and some people, for their own health or lifestyle reasons, are deemed uninsurable. There is no guarantee that the rating of an insurance company will remain constant. Rating of insurance companies can and do change based upon the financial health of the company as determined by the rating services.
How much life insurance do I need?
Our Agency understands that each person has individual insurance needs. There is no set rule as to how much insurance you need to purchase. You need to decide how much life insurance you want to leave your dependents to carry on in your absence. You have to decide how much support you wish to provide. Many financial planning experts recommend 10 to 20 times your annual earnings. For business life insurance the amount is often even more. For many the answer is simply the amount makes you feel your family is safe.
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What is Level Rate Guarantee?
A level rate guarantee simply means that your premium will not change for a guaranteed period of time. This period of time generally ranges from 5 to 30 years. Our Agency recommends that you purchase a level rate guarantee for the period of time that you intend to keep the policy in force.
What premium payment options do I have?
Our online quotes are for annual term life insurance premiums. Annual term life insurance premiums are the lowest rates the insurance company offers. However, you may instead pay for your term life insurance premiums on a check-a-matic (monthly), quarterly, or semi-annual basis. These payment options are slightly more expensive than those on an annual basis.
How long will this take?
The insurance company cannot begin underwriting your policy until you have completed your free medical exam and they have received your signed application. Generally it takes three to four weeks to complete this process. If the insurance company has to get your doctor’s records it will generally take 4 to 7 weeks since the insurance company has to depend upon your doctor’s promptness in providing them the records they need.