If anyone would suffer financially as a result of your premature then you need life insurance.
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Do I need Life Insurance?
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Is Life Insurance taxable?
Life insurance payouts (death benefits) are not taxable.
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How much life insurance do I need?
The rule of thumb is 15x your annual income, you can call us for a personalized Insurance Needs Analysis.
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What is the difference between Permanent Life insurance and Term Life Insurance?
Permanent life insurance guarantees a payout either when you die or if you cash in. Term Life Insurance offers coverage for specific periods, typically 10, 20, or 30 years. Once the term ends, the coverage might cease, but there's usually an option to extend or convert to Permanent Life Insurance.
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Can I get coverage if I have health issues?
Traditional insurance often requires a lengthy application: medical tests, and doctor reports, often taking 4-6 weeks to issue. It's often cheaper for healthier individuals seeking higher coverage. In contrast, No Medical & Simplified Issue insurance is issued quickly with minimal health queries and no tests, suitable for those wanting lesser coverage or with health concerns.
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What is Medical Insurance Bureau? (MIB)
The Medical Information Bureau (MIB) is a cooperative database, used primarily by life and health insurance companies to share information underwritten by individual insurance applicants. It’s much like a credit bureau for insurance companies. Any applications to any insurer, are seen by other insurers.
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How much does $1,000,000 in life insurance cost?
Age 25: Around $53 a month for a 20-year term policy for standard non-smoker. Age 30: Around $54 a month for a 20-year term policy for standard non-smoker. Age 35: Around $60 a month for a 20-year term policy for standard non-smoker. Age 40: Around $95 a month for a 20-year term policy for standard non-smoker. Age 45: Around $155 a month for a 20-year term policy for standard non-smoker. Age 50: Around $269 a month for a 20-year term policy for standard non-smoker.
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Can Life Insurance be canceled at any time?
Yes, life insurance can generally be canceled at any time, but the process and potential consequences depend on the type of policy.
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What happens if I do not pay the premium on time?
If you don't pay your insurance premium on time, most policies offer a 30-day grace period during which your coverage remains active. However, if you surpass this grace period, your coverage may lapse. Most some insurers allow policy reinstatement upon payment of overdue premiums but may require that you qualify medically.
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Is it cheaper to buy insurance directly from the insurance company?
No, going direct will have an identical premium. Being an independent insurance broker allows us to compare rates from various companies. We can give you the same quote as an in-house insurance agent, but with the added advantage of instantly comparing multiple options to find the best fit for you.