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Life insurance is more than planning for an unfortunate event - it is a vital part of your financial picture, and can be a powerful asset to help build your future...it doesn't get much more important.
The information below will help us get started toward helping to find the right coverage for your specific situation, at the best price.
Feel free to contact us directly to discuss options and life insurance planning ideas.
Learn More about Life Insurance
Term Life Insurance (Term Insurance)
Protection during limited number of years; expiring without value if the insured survives the stated period, which may be one or more years but usually is five to 20 years, because such periods usually cover the needs for temporary protection.
Whole Life Insurance
Whole Life Insurance is also known as Ordinary, Standard or Permanent life insurance. Unlike term insurance, whole life insurance provides insurance coverage for the lifetime of the insured. Whole life insurance policies also provide tax-deferred buildup of cash value, payable upon surrender or payment default. Generally, permanent insurance has fixed premiums and death benefits. Other types of permanent coverage, such as Graded Premium Life, Universal Life, and Variable Life, offer variable premiums and death benefits.
Typically, the medical examination is conducted by a licensed paramedical professional. The medical report is part of the application process, becomes part of the policy contract, and is attached to the policy. A "non-medical" is a short-form medical report filled out by the life insurance agent. Various company rules, such as amount of insurance applied for or already in force; applicant's age, sex, past physical history; data revealed by inspection report, etc., determine whether the application will be accepted on a "medical" or "non-medical." basis.
Insurers will give a lower premium rate to consumers who do not smoke or use tobacco. If you have smoked in the past, most carriers will consider you a non-smoker, if you have not smoked for one year prior to applying for coverage. Consumers should be aware that nicotine can be detected in a variety of routine screenings tests that are now commonly required by most insurance companies.