Best Life Insurance

Best Life Insurance 

What type is best for you?

Are you looking for the Best Life Insurance plan that will fit your needs? If you are confused about the different types of life insurance , take 5 minutes and read this article as it will describe the best life insurance plans that are available.

What type of Life Insurance Plans are there?

There are really only two types of Life Insurance Plans: Term Life and Whole Life ( Permanent Life Insurance).

Term Life Insurance does not cover an insured person for their entire life, but rather, only covers a person for a specific term period. The insurance policy will only pay the beneficiary if you die during the term period. Term life insurance is the most popular type of life insurance as it covers people during the period when they may be earning the most income and having the most long term debt. Long term debt would be homes, cars, educational expense etc. Term life insurance is the least expensive plan that you can purchase.

Whole life insurance is the type of insurance that will cover a person for their entire life. This is also known as Permanent Life Insurance. These types of policies will carry a monthly premium until death. . These policies are more expensive because they are not based on a Term period. Whole life policies do accumulate cash value. Although I would never recommend this as an investment strategy. That being said you can borrow against the cash accumulation.

There are many types of policies that fall under Term and Whole Life. Click on each link to learn more:

Term Life Policies:
Basic Term Life Insurance
No Medical Exam Term Life Insurance – If you are interested in a  No Medical Exam Term Life Insurance plan, and you qualify, we have a carrier that will have you covered in about 10 minutes!  Click on the Image below to find out more:

Whole Life Policies:

Basic Whole Life Insurance
Burial Insurance
Guaranteed Issue Policies

What is the best life insurance plan for me?

Everyone has a different situation. Current Income, expenses , long term financial goals are different for each person. The best place to start is to review the following conditions:

Health – Any major medical conditions beyond controlled High Blood pressure or controlled Cholesterol? If you have health issues, please contact me so we can discuss the best solution.

Do you use Tobacco – It goes without saying, if you don’t use tobacco your rates will be lower. Most carriers will offer you good rates if you have used no tobacco products in the last 12 months. If you do use Tobacco review our article by clicking HERE.

Income – Most financial planners recommend up to 10X your annual salary.

Expenses – In the event of an unexpected death, what bills need to be paid: Home Mortgage, Educational expenses, Car loans etc.

How do I apply for a Life Insurance Policy?

The best way is to work with an independent agent who uses modern technology to stay on top of current rates. I , for example, work with over 60 carriers and can place those that might have health impairments.

Contact me today by filling out my request form or give me a call for a free no hassle, no hard sell Life Insurance quote. My number is 512-963-5000.