Life Insurance

There are lots of companies that will send you the deal of the day for life insurance and then thy look at your health history and tell you that you will have to pay more OR they will have 1001 sub-conditions where they get away from paying you at all if you pass.

(A) We offer WHOLE LIFE INSURANCE that will stay the same price until you pass on and some of these plans build equity, some do not.

(Type Aa) UNIVERSAL LIFE INSURANCE  Without getting into detail this is like a WHOLE LIFE plan but the plan increased in value based on interest rates and the economy.

(B) FINAL EXPENSE LIFE INSURANCE is a form or version of WHOLE LIFE INSURANCE but targeted after seniors.  There are two type.

(TYPE Ba) LEVEL BENEFIT are for the healthy with only a few health challenges. You can get a lower cost plan that pays immediately if for some reason you are called home. Some build equity, some don’t.

(TYPE Bb) GRADED BENEFIT is for seniors with more health challenges.  If you pass away in the 1^st 12-24 months your estate beneficiary will get your premium back with some interest. After three years if you pass away your estate or beneficiary gets the full value of the plan, 

(C) TERM INSURANCE are plans that last 1020or 30 years with the same premium an pat immediately.  Some offer double indemnity for accidental death. Some offer guaranteed renewability.  Some are guaranteed convertible to other plans.  You pay the same premium during the length of the plan but if you renew with the “guaranteed renewable” rider the price may be MUCH higher when renewed.