What this means to you is that you can't find a lower price for the same insurer's product somewhere else.
The insurance industry includes hundreds of different companies hoping to earn your business. It is a very competitive market and it pays to shop around for the best agent who can help you get the most value for your premium dollar. This is where I come in.
Whether you're searching for Life Insurance, Disability Insurance, Long Term Care Insurance, Critical Illness Insurance, Annuities, Health Insurance, if you want the best value for your premium dollar, then you need good advice from an experienced independent agent. Preferably an independent broker that represents multiple insurance carriers. This can make a huge difference in the value you get from the premiums you pay.
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Term Life Insurance is NOT a commodity. Sometimes the best value isn't the absolute lowest premium. Some term life insurance policies are convertible to a permanent policy, some aren't convertible at all, and some are only convertible for a limited period of time. Some have limited conversion options, better policies have multiple conversion options, and the best have Premium Conversion Options. There are term life insurance policies that offer Conversion Credits that allow you to use the same premium dollars twice. The newest term life insurance policies have living benefits for Critical Illness, Chronic Illness, Terminal Illness, Critical Injury, Disability, and some even have conversion options that include Long Term Care benefits.
Term Life Insurance has many premium schedules, including:
Whole Life Insurance is also NOT a commodity. Just like with Term Life Insurance, the best value over a lifetime may not be the lowest first-year premium.
Some Whole Life Insurance policies pay dividends, and some don't. Dividends are not guaranteed, but some companies have paid them every year for over a century. You can use your dividends to: Purchase Paid-Up Additional Insurance, or reduce your premiums, or pay off a policy loan, or even receive your dividends in cash!
Many modern Whole Life insurance policies have living benefits for Critical Illness, Chronic Illness, Terminal Illness, Critical Injury, Disability, and some include benefits for Long Term Care.
Some Whole Life insurance policies are designed for maximum cash value accumulation, and some are designed for maximum death benefits. Some are designed to have very high early cash values, others are designed to have maximum long-term cash values, and some are even designed specifically to pay a Tax Free Retirement Income. The newest forms of Whole Life Insurance have added an Indexed Dividends option that can boost policy efficiency over time by linking cash value growth to an index like the Standard & Poor's 500.
Whole Life Insurance comes with a variety of premium schedules. For example:
Universal Life Insurance comes in many forms. Just like with Term Life Insurance and Whole Life Insurance, the best value for you may be a very specific design. Traditional Universal Life Insurance comes in three common forms that solve very different problems:
Current Assumption Universal Life is the original form of Universal Life Insurance, although the latest versions of this form are vastly different, and generally superior, to the versions first offered in the late 1970s. This type of policy is interest sensitive. That mean it credits interest to its cash value based on the ability of the insurance company to earn a return on its assets. Premiums are flexible and the death benefit may be adjusted.
Guaranteed Universal Life is used where cash surrender values are not needed, but lifetime death benefits are necessary. Premium schedules and death benefits can be guaranteed for life, regardless of what happens to interest rates. Or they can be guaranteed to a certain age, such as age 85, 90, 95, 100, 105, as well as age 121. Some policies include a Cash Out or Return of Premium feature so that you can get your premiums back at specified ages, if you no longer need the coverage.
Indexed Universal Life often comes in two more focused policy forms with some life insurance carriers: one with a death benefit guarantee objective, and one with a maximum cash value growth objective. In either case, this type of policy has a flexible premium, provides an adjustable death benefit, and the ability to build an accumulation value. Offering both fixed and indexed options this product has the potential to earn interest based upon the performance of an Index, like the Standard & Poor's 500, with the added protection of a floor so that the policy does not suffer market losses. This type of policy can be used as a source of Tax Free Retirement Income.
Many modern Universal Life Insurance policies have living benefits for Critical Illness, Chronic Illness, Terminal Illness, Critical Injury, Disability, and some include benefits for Long Term Care.
Medicare by itself has a high deductible for hospital admission, and it only pays 80% of eligible doctor costs. A serious illness could set you back many thousands of dollars. A Medicare Supplement policy covers all or most out-of-pocket medical expenses providing you with peace-of-mind and potential savings. Let me guide you in sorting through the numerous Medicare options. I can also help you in choosing a Medicare prescription plan that includes your specific medications.
Nearly everybody I talk to is confused about their health insurance options. Many have found they cannot rely on politicians or media reports for a clear and unbiased explanation. If you want the facts, and not misguided and misinformed opinions, then I can help. I'd be happy to evaluate your current coverage and present you with side-by side comparisons of affordable alternatives.
Long-Term Care Insurance gives you the financial ability to stay in your own home longer, and if you eventually require skilled care outside your home, Long Term Care insurance gives you more choices than the government does where your only choice is what Medicaid allows. Whether you require in-home visits, assisted living or skilled nursing care, Long-Term Care Insurance lifts the burden from those around you, improving the quality of life for yourself and for everyone you hold dear.
Protect your family from the financial burdens at the time of your passing. No matter what your age, it's absolutely essential to have a plan in place to protect your loved ones when you are no longer able. Final Expense insurance will pay for your funeral service, final bills and other costs.
There are more than 500,000 insurance agents in the United States today and it may seem like any agent or broker is as good as another. But I am uniquely different. I genuinely care about my clients. I'm an insurance geek that spends some of my free time studying the history of life insurance in America, how companies, products, and distribution systems have evolved over time. I think it is important to know where we've been, and how we got to where we are today. Some of history's most valuable lessons have been forgotten by all but a select few of my peers, but my knowledge can help you make better decisions regarding policy selection without getting mired in the mediocrity of the misguided and misinformed in the media.
I know that insurance jargon can be very confusing. I've been in the Life Insurance business for over thirty years, and do everything I can to keep it simple. I grew up in a Life Insurance family, our history in the insurance business goes back to 1922. As a result, I have several generations of inside knowledge of many companies and their different products, all of which works to your advantage. As an independent agent, I am not employed by one particular company. Instead, I can recommend specific products from a large menu of highly rated insurance companies, including premium carriers that we aren't allowed to quote on the internet.
I have taught courses on insurance and financial planning through The American College, where I earned financial planning's highest standard, the Chartered Financial Consultant designation, and the life insurance industry's ultimate standard, the Chartered Life Underwriter designation. I earned my Bachelor of Science in Business Administration degree from Kansas State University.
I'm involved in my industry, having served multiple terms on the Board of Directors for the Society of Financial Service Professionals, I've been an Ambassador for the Chamber of Commerce, and volunteered for the American Heart Association and the National Association of Health Underwriters.
Please call me with your questions at (800) 680-5596. There's never any obligation and I do not charge any fees for routine questions. All I ask in return is that you allow me the opportunity to earn your business.