News |
| AIG American General Acquires Matrix Direct, Inc. ...more » |
| Go with straight term over universal life insurance.
Source: Ventura County Star » |
Relatively speaking, how good is my life insurance quote?
Source:
Ask MetaFilter » |
Why buy permanent life insurance? When the need is a permanent need ... Source:
Hello Neighbour » |
Surviving the Paramedical Exam to Acquire Life Insurance ... Source:
Blog 'ABLUR' » |
Consumers Can Learn About Insurance Online in Spanish ... Source:
Hispanic PR Wire » |
Life Insurance Settlements - wall street firms will purchase existing insurance policies ... Source:
BusinessWire » |
| |
|
Frequently Asked Questions |
| Who in my family should be covered by term life insurance? |
| It is important to protect against the loss of income that one or both parents provide. If one parent does not
contribute financially but cares for the children or elderly parents, it is smart to consider coverage for this parent as well. For example, if a mother who stays at home with her children were to die, her absence could create large, unexpected childcare expenses. |
| When is the best time to buy insurance? |
There are two very important reasons to buy
term life insurance now.
1. Waiting puts your family at risk, because accidents and
unexpected death can happen at any time.
2. Insurance
rates increase as you get older.
Buying while you are young and healthy can mean a much greater
value. And here is good news: the rate you get today will stay
the same the entire time the policy is in force. It will
never go up. So buying soon is a smart financial decision. |
| How long will I need coverage? |
| Every family has different needs. Some choose a policy that
will cover the number of years it will take until the youngest
child is grown or graduated from college. Others want coverage
for a full 30 years. |
|
Discussing
your options with a licensed professional can help you make your decision
about what is right for your family. |
| How can I be confident the insurance
company will be able
to pay my family's claim? |
| It is extremely important to choose a strong
term life insurance company that will honor your family's insurance claims. You will want to know that if you were to die unexpectedly, those you love will receive the full amount of money to which they are entitled. To protect consumers, there are several highly respected independent companies that monitor and rate insurance carriers. Among these are A.M. Best, Moody's Investor Services and Standard & Poor's. Each ratings firm uses its own evaluation process and rating scale. Some might use AA to indicate strength, while another uses A++ Superior. |
| Is my family guaranteed to get the entire amount of money? |
| If your premiums are paid up, your family will receive the full benefit amount if you die. For example, if you get $250,000 in coverage for 30 years and you die at any point during the 30 years, your family will receive the full $250,000, tax-free(based on current federal income tax laws). Proceeds are paid in U.S. dollars to your family in the United States or any other country. |
|
|
