ED·U·CATE. edify. Empower.
\ ˈe-jə-ˌkāt: to provide with information : INFORM
insurance 101
Just like your home needs a strong foundation to support its structure, your financial 'home' needs a strong foundation as well. There are six components in a solid financial foundation: Budget, Life insurance, Health Insurance, Disability/Long Term Care, Will/Estate Plan, and a Tax Strategy
Let us help strengthen your financial foundation and protect your legacy.

WHAT IS LIFE INSURANCE?
Life insurance is a contract between an insured (person who is covered or owns the policy) and an insurance company who provides the coverage. Under that contract, the insured/policy owner promises to pay the premiums on time and the insurance company promises to pay your beneficiary upon your death.

HOW DOES LIFE INSURANCE WORK?
Life insurance is a way to manage risk. When you die, particularly too soon, it leaves a great toll on your loved ones. This makes proper planning a challenging experience because none of us know the exact moment we will die, hence, the risk. Who will be left behind to pick up the pieces? What about all the costs associated with your burial expenses, and other financial obligations in the short and long term? This is how life insurance can benefit you and your family. You can transfer some or all of the financial risk to the insurance company. When you have a life insurance policy in place your loved ones can take their time to grieve without them having to worry about paying for your final expenses. By doing your research, you will find that buying life insurance can be quite affordable and can remove stress placed on your loved ones after you die.
DO YOU REALLY NEED LIFE INSURANCE?
Watch real families tell you for themselves why they are glad they purchased life insurance, then decide for yourself.
TYPES OF LIFE INSURANCE

WHAT ARE THE TWO TYPES OF LIFE INSURANCE?
There are two types of life insurance; Term life and whole life.
Term life. Term life is for a specific period of time (ie. 10, 15, 20, or 30yrs). You pay premiums for the duration of the term or period of time. Generally, consumers request term policies to cover financial obligations that they expect to decline over a specific period of time, such as a mortgage. The premium payments generally don’t change during the requested term or period. What happens to term life insurance if you don’t die? Many times it depends on when and through who you took out your policy. Older term life policies simply lapse at the designated term you select at which time you have no further premiums due, and there is nothing the insurance company will pay out. However, if you decide to take out another policy, you will have to pay the rates for a person of that age (attained age) which will be considerably higher, because all life insurance products cost more when you are older. Modern term life policies sometimes offer a return of a portion of your premiums if you don’t die while coverage is in force, which provides more value for some.
Permanent or Whole life. Whole life insurance remains in force until you die. Because this coverage is permanent, your premiums won’t change. Whole life insurance also has an added benefit of accumulating cash value which you can borrow against later if you want or need to. Due to whole life policies having cash value after a period of time and being a permanent type of coverage, the premiums are understandably higher.

WHICH IS BETTER TERM LIFE OR WHOLE LIFE INSURANCE?
It depends on your specific needs and goals. They are tools that have specific functions. No two cases are the same, and your individual situation must be evaluated thoughtfully. Meeting with a licensed insurance agent is best. You should find assurance knowing that all life insurance agents are held to a very high standard and as such must be licensed and appointed by the State and must maintain their license in good standing at all times, which includes staying abreast of trends, strategies, and applications of such through continuing education (which the individual states oversee and mandate). Together, you can consider important questions like: how much life insurance should I buy? How much life insurance can I afford? How long do I need life insurance coverage to be in place? If you have an existing medical condition or you have been turned down for life insurance in the past, you might ask, Do I qualify to buy life insurance? Am I insurable? We find that even when applicants have been turned down for life insurance coverage in the past, we might still be able to get them coverage at a lower face value or with a higher premium.

WHAT IS THE BEST TYPE OF LIFE INSURANCE?
The best type of life insurance is the kind that fits your personal circumstances best. Life insurance is not a one-size-fits-all product. Your situation is unique and should be treated accordingly. Since life insurance is a financial product and involves risk for both you and the insurance company, it is highly regulated. Any agent offering to assist you in determining the best type of life insurance MUST be licensed and appointed by the agent’s State and insurance company. There is nothing wrong with verifying your agent’s credentials, and are encouaged to do so by visiting your State’s department of insurance online. In my state of residence, Texas, for example, you can do an online search and easily verify whether the person contacting you after you submit a quote is licensed and appointed by the State. Here is a direct link to the search tool: https://www.sircon.com/ComplianceExpress/Inquiry/consumerInquiry.do?nonSscrb=Y

What Is The Average Cost For Life Insurance?
Age, sex, and weight, among other factors are considered in and used to determine the cost of life insurance. Here is a great link by businessinsider.com to help you get a general idea, however, you can use one of our life insurance calculators and/or life insurance quote generators to get an estimate of what you specifically can might pay. https://www.businessinsider.com/personal-finance/average-life-insurance-rates#how-much-do-people-pay-for-life-insurance

Who Has The Best Rates For Life Insurance?
While finding affordable life insurance coverage is an important part in your planning, price alone should not be the only consideration. Price is directly affected or influenced by the amount of competition in the marketplace, and the insurance business is VERY competitive. The best and cheapest life insurance are not necessarily the same thing. The old adage “you get what you pay for” is certainly at play here. If you find a policy that costs considerably less or considerably more than most others, it might be an indicator that something may be amiss. Speak with your agent as he/she will have access to tools to help you compare and find the best options for you. Then, simply choose the one you feel suits you best.

Where Can I Get Life Insurance Quotes?
You can find the get life insurance quotes right here. Additionally, you can schedule an appointment with me and I will be glad to share the best information customized for you individually.

Mortgage Protection Insurance
While finding affordable life insurance coverage is an important part in your planning, price alone should not be the only consideration. Price is directly affected or influenced by the amount of competition in the marketplace, and the insurance business is VERY competitive. The best and cheapest life insurance are not necessarily the same thing. The old adage “you get what you pay for” is certainly at play here. If you find a policy that costs considerably less or considerably more than most others, it might be an indicator that something may be amiss. Speak with your agent as he/she will have access to tools to help you compare and find the best options for you. Then, simply choose the one you feel suits you best.

final expense insurance
You can find the get life insurance quotes right here. Additionally, you can schedule an appointment with me and I will be glad to share the best information customized for you individually.
Long term care insurance
Whether it's securing your indpedence, protecting your legacy, or safeguarding your assets, long term care insurance can be a valuable tool within your
Disability Insurance
What would you do if an accident or illness robbed you of your ability to earn a living? Disability insurance can protect your income and bring you peace of mind.
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