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Today I’m Going To Give You The Facts As To What Kind Of Life Insurance Options There Are For A $50,000 Whole Life Insurance Product.

Are you interested in a whole life insurance quote? Please click here and send me a message. Otherwise, you can call me directly at 888-626-0439 to speak with me live. It should only take 5 or 10 minutes to come up with an accurate quote of what a whole life insurance plan would run. Whole life insurance rates.

NOTE: Would you prefer me to present this information to you in video format? Watch the video below for the compete 50,000 whole life insurance presentation. Enjoy!

Here’s an overview of our discussion on $50,000 whole life insurance:

Fully Underwritten $50,000 Whole Life Insurance

What Are The Best Rates/Insurance Companies For A $50,000 Whole Life Insurance Policy?

Other Factors To Consider If $50,000 Premiums Are Too High

Next Steps If You’re Interested In Purchasing A $50,000 Whole Life Insurance Policy

What Is A Whole Life Insurance Policy?

So let’s talk about what a whole life insurance policy actually is.

There’s always some level of confusion when I talk to people about the difference between term life and whole life, for example. So I’d like to spend some time answering specifically what a whole life insurance policy does.

First of all, of course, there’s going to be a premium which you must pay.

The biggest problem a lot of people have who buy $50,000 life insurance plans that aren’t whole life is they discover they have premium increases. What started off affordable then five to 10 years later blows up in price.

With a whole life insurance plan, your premiums are fixed.

They can never increase. They’re contractually designed to stay the same for however long you keep the plan, hopefully forever.

In addition to that, one other question people have is how long does this coverage last? Is it temporary? Is it good for only a period of time until it goes away?

Well, the best way to describe whole life insurance is that it lasts your whole life as long as you pay the premiums. Your coverage never cancels due to age or health. So as long as you continue to pay, you have the policy in force.

So there is no uncertainty that you might lose the plan because of some hidden fine print within the policy like the term life insurance policy which stipulates that it cancels after a certain date.

WHOLE LIFE INSURANCE POLICIES ARE DESIGNED TO BE PERMANENT.

When you have permanent problems, this is a product that provides a permanent solution. In most cases, we can usually get first-day full coverage from the effective date, which is defined by when the first payment is made and assuming the underwriting approves you.

Now, I say usually because, of course, getting any kind of whole life insurance, including a $50,000 whole life insurance program, is going to depend on a series of underwriting questions and an analysis of your health history, looking at medical records, prescription use. Ultimately, the decision that underwriting determines is based on that collective information.

I can’t tell you for sure if you’re going to qualify or not. You just have to simply apply to see what your options are.

But in most cases, if you work with a broker, like myself, we can get people who have had significant health issues good, quality whole life insurance, which may give you first-day full coverage.

In more cases than not, I can do that. Again, I can’t explicitly say that for you for certain that that’s going to be the case. But I would say there’s a very good chance!

Why do people buy a whole life insurance plan?

Why does a person buy a $50,000 whole life insurance plan? Is life insurance really that important? Well, the answer is pretty simple.

What it really comes down to is they want peace of mind.

They want the feeling of knowing that they have coverage without any risk that the premiums will go up, without any risk that the coverage will cancel because of age or health.

They know as long as they pay the premium they’re covered fully from that first day if that’s what they qualify for. But more importantly, they will be covered without the risk of being canceled or having the rates go up. So you get what you pay for, and this isn’t a high risk of potentially outliving the coverage like you’d find with other types of products.

Now, there’s some other types of options with a whole life insurance plan that I would like to clarify.

Paid-Up Plans

So there are what’s called paid-up plans. A paid-up plan works much like paying off a house or a car. Once you’ve made all the payments, you get to keep the car or the house.

Well, that’s the same design of these paid-up plans. So if you buy a 10-year plan or a 20-year paid-up plan, you pay on it for the agreed number of years, let’s say 10, and once the last payment in that 10-year period has been paid, your payments are done, but you keep the face amount. There’s no risk of losing it!

It’s paid off. It’s paid up. A lot of people like these plans because they want to pay off their plan faster and not have a payment until they die. So this is a really good option for some people.

Single-Pay Plans

There are other paid-up plans including single-pay plans where you pay one lump sum and then you get a multiple of your payment in terms of coverage. For example, you may have somebody who pays $5,000 and they get a $10,000, or they pay $20,000 and they get a $40,000 amount in coverage. It’s great because there’s an instant increase in the amount of coverage relative to the payment and they never have to make another payment again.

So these are different designs of whole life policies, but they still have all those same benefits. The policy never cancels, the rates never go up and they’re fully covered if they qualify for it.

Most people purchase what’s called a life-pay plan, and that’s just simply where you pay on this plan until you pass away. You may make one payment and then die, or you may pay for 40 years. That’s a life pay plan. A lot of people purchase that because it’s the least expensive option and it gives them the most coverage.

Either way, I’m showing you these options because I want you to know that there are these options. You want to find the option that best suits you. So I just wanted to point that out to you. So let’s keep going here.

What Does A $50,000 Life Insurance Policy Do?

Concern for loved ones is the biggest reason for buying life insurance. There are several reasons why someone would purchase a $50,000 whole life insurance policy.

Funeral Expenses

One reason may be funeral expenses. I just got done talking to a nice lady in Hawaii. The cremation for her grandmother, with the service and everything cost $30,000! Of course, Hawaii is so expensive to live in, I wasn’t that surprised.

So a lot of people buy these plans to cover those funeral costs. A $50,000 plan will usually cover all that’s necessary, whether you’re cremated or buried. Just like I said, a lot of people buy a plan so that it will cover the cremation expenses. Usually $50,000 is more than enough to do just that.

Income Replacement

One big reason people purchase a $50,000 plan is for income replacement if they or their loved one passes away.

Their problem is that their lifestyle requires every last penny of that $3,000. The problem that they’re facing is what happens if he dies first.

She’s going to have to change everything about her life. She will have to move out of her home and stop doing the things she is accustomed to doing. Any man can tell you they don’t want that to happen to their loved one.

So the product we came up with was a type of whole life insurance policy that protects against that happening. If he dies, it pays out a $50,000 policy to his wife and that will be the income replacement. Now she has the time to get accustomed to things on a longer term basis. She can gradually make the necessary lifestyle changes instead of being forced to do it suddenly.

If your lifestyle absolutely requires both incomes, then a $50,000 whole life insurance policy is an excellent idea to consider! Life will change dramatically, and if you want to slow down that process. than a lump sum payout with a $50,000 whole life insurance policy can certainly go a long way.

Gift of Love

You can also just get a $50,000 policy as a gift of love. Maybe you have a grandchild or a child that you want to give a $50,000 lump sum payment to help pay for their college or to put a down payment on their house.

Life insurance offers

For example, my grandfather died and had a $7,000 policy gifted to my mother. It was perfect timing because she really didn’t have the money to put on a new roof, and she’s really thankful she got it.

Stuff like that makes a huge difference and, hey, $50,000 goes a long way and will help people. So it’s a great idea to give as a gift of love.

You can also give it as a charitable contribution to your favorite charity or perhaps a church as a gift. There’s all sorts of ways you can do this as a way to create a legacy.

Mortgage Payment Protection

You can also buy a $50,000 whole life insurance policy as mortgage payment protection.

Let’s say that you owe $150,000 on a mortgage, and you’re paying $700 a month. That’s $8,400 a year. If you pass away, your spouse now has to come up with that $700 that may be they can’t quite afford now.

Well, a $50,000 plan, much like the income replacement plan, can be used to pay down that mortgage over time. It basically buys your loved one time to where they can either refinance for a better deal or potentially sell, but it gives them breathing room.

$50,000 / $700 = 6 years

So $700 into $50,000 is approximately six years, and six years is a long time. It gives you a lot of opportunity to put your house on the market, get it sold, and not lose it in foreclosure because of the sudden and traumatic death of the uninsured.

A $50,000 whole life insurance plan is a great idea to have in order to buttress against mortgage payments that are unpayable if a spouse passes away unexpectedly.

A $50,000 whole life insurance plan payout can also be used if you’ve got credit card loans or a car loan. This is a great way to provide a guaranteed amount with a whole life insurance policy to pay off those types of expenses.

Bottom line: People who buy a whole life policy do so because they recognize they’ve got permanent problems that need permanent solutions.

Whole life insurance is a permanent solution because it will never cancel or increase in price. Hopefully you can see why it’s very important to have a plan that will always be there so long as you pay your premium.

Exam or No Exam?

A lot of people that I speak with wonder how much of an examination they’ll be subjected to in order to qualify for a life insurance plan.

When dealing with a $50,000 whole life insurance product, examinations are sometimes, but not always, required. A lot of it just depends upon your age, your health history, and which company you apply with.

If you end up having to undergo an exam, it will require some or all of the following: a urinalysis where you pee in a cup, a blood withdrawal where they examine your blood, and also some sort of physical where you speak with a nurse or a doctor. They ask you a series of health questions, and get your height and weight, etc. So it’s pretty much a routine type of physical.

As a broker, I work with different life insurance companies, and I can go out there and find companies that will offer life insurance on the terms that you want. If you’re dead set against having an examination, then we can find an insurance company that doesn’t require one.

There are companies that just require you to sign off on paperwork. They’ll go into your medical record with your permission, of course, and then issue a decision based on the $50,000 whole life insurance plan that you’re applying for. Now, some of those are going to require a phone interview, so they can ask you some follow-up questions to better clarify your health history and making sure that you’re approved.

Now, you may be wondering, what would be the purpose of taking an exam?

The best reason to have an examination is to give yourself the best price, especially if you’re healthy.

If you’re healthy, you don’t take a lot of medications, and you’ve not had many health problems, it’s likely that you’ll get a better combination of price and coverage.

An insurance company is all about managing risk. When they ensure a life, they’re on the hook to pay a death claim if you die within the period that policy is in force. So the more up-to-date information they have on you via an examination and reviewing your medical records, the better the price and coverage you’ll receive.

Whereas when you don’t take an exam, you may not get the best price or coverage. It will be issued quickly, but you may be sacrificing coverage for convenience.

Now, there are circumstances where you don’t want to take an exam. It largely depends on how your health is. If it’s poor, it’s unnecessary to go through the routine of an examination. There are so many products out there that a will issue quality coverage even with health history issues. We’ll cover that a little bit more in depth in a minute.

Can I Qualify For A $50,000 Whole Life Insurance Policy?

So if you like the idea of a $50,000 plan, you may be wondering if you can actually qualify for it.

Well, the short answer is YES. In most cases you’re going to be able to qualify for $50,000 whole life insurance program.

There are really two types of whole life insurance programs. You’ve got your first-day full coverage programs. That’s when you get approved for the product after the first payment, meaning you’re fully covered for the entire $50,000 whole life insurance amount. The second kind of plan is what we call our guaranteed issue or our return-of-premium coverage.

First-day full coverage is very simple to understand. It’s full $50,000 in coverage for natural and accidental deaths from the day you make the first payment.

So let’s talk about a graded or guaranteed issue or return-of-premium policy.

With the return-of-premium policy, you must wait typically two full years before your coverage for natural death is fully effective.

What this means in layman’s terms is that if you die within those first two years, then only what you paid into it is refunded to your beneficiary plus 10 percent interest in most cases. So you’re not fully covered for two years for the $50,000 whole life insurance until you’ve paid in two years’ worth of premiums.

So you may be thinking, “Well, why would I want to even consider a plan like that?”

The only circumstance it would make sense to buy a guaranteed issue $50,000 whole life insurance plan would be when there is no other way to qualify for a first-day full coverage plan. That situation would require you to have pretty bad health.

We’re talking something like congestive heart failure, kidney dialysis, oxygen use if you have severe chronic respiratory disorders, or Alzheimer’s/dementia. In those circumstances, no company will give you first-day full coverage, and the only option to get coverage would be one of these guaranteed issue, return-of-premium whole life insurance plans.

The important thing is that, if that’s something that you end up qualifying for, FEAR NOT!

You can still get $50,000 in coverage. There’s ways that we can do it, and yes, you’ll have to wait two years, but you’ll have $50,000 after the two years. Now, with all this said, I don’t want you to think too hard about this.

You may be thinking about all your health issues. “I got heart problems. I’ve got diabetes. I got cancer history.”

We don’t know what you qualify for. You’ve got to talk to me. You have to give me a call at 888-626-0439, and I’ll spend 5 or 10 minutes asking you a series of health questions. I can tell you pretty much what you’re going to qualify for in that period of time.

Again, I’ve been doing it for so long, I really know pretty quickly. So if that describes you, don’t give up and say, “Oh well, I’m not going to get good coverage. I’m not gonna go forward.”

You owe it to the people you love to at least try to get first-day full coverage. That’s what I do in every circumstance is try to get my clients fully covered from the first day, and the only reason we resort to a return-of-premium guaranteed issue plan is if nothing else works.

Simplified/Non-Med $50,000 Whole Life Insurance

So let’s talk about what a simplified issue and a $50,000 whole life insurance policy are. These are two distinct kinds of $50,000 whole life plans you can get.

Asimplified issue or non-med issue whole life insurance plandoes not require an examination for approval. Medical records and prescription records are used instead to determine insurability. So that means there’s no exam.

So there are some pros and cons to this, and I want to make sure that this is 100 percent clear because we want to get the plan that matches your goals the best.

John hancock life insurance

A NON-MED OR SIMPLIFIED ISSUE $50,000 WHOLE LIFE INSURANCE POLICY IS A GREAT OPTION FOR THOSE WITH HEALTH HISTORY ISSUES.

Let me give you a case study. I talked to a lady last night about her father. It has been two years or longer since his prostate cancer has been in remission. He has a pacemaker which means he probably has a history of heart problems. He is a diabetic but it’s under control. He has high blood pressure, high cholesterol, normal things for a mid-60 year old gentleman. He would be a perfect applicant for a simplified issue type of product.

In fact, I’m looking at one right now where, even with all those health issues, he is most likely going to be approved for first-day full coverage without a waiting period. Whereas if we applied for a policy requiring an examination, it would probably end up getting rated up beyond the point of reason and would not be as nearly good a deal as the simplified issue product and would take much longer to even get qualified for.

And that’s another benefit. With simplified issue/non-med products, you’re looking at only days to weeks to get approved. So if you want coverage, and you want to get it over with, simplified issue/non-med whole life products will do it.

The biggest drawback here in my opinion is, if you’re dealing with somebody who’s extremely healthy, you’re going to pay more by not having an exam.

If you’re healthy, you’re not on a lot of medications, and you haven’t had any major health history issues, an examination will provide the most relevant, up-to-date information from the blood work, the urinalysis, and the physical. The more information the insurance company has, the better odds they give you to qualify you for a better price and amount of coverage.

So healthy people, as long as you’re comfortable with the examination process, it’s worth doing a full exam to get a better deal. You may pay 30 percent less for the same amount of $50,000 whole life insurance.

That’s literally what it could come down to. So if that’s something you’re concerned about, examinations make definite sense.

Fully Underwritten $50,000 Whole Life Insurance Policy

So just like I described, the fully underwritten $50,000 whole life insurance plan means applicants are required to do an entire examination. Sometimes it’s just a physical, sometimes it’s just blood, and sometimes it’s a combination of those. The pros of those, just like I mentioned previously, is healthy people usually get a better premium than if they went with a simplified issue or non-med type of product.

As a case study, I had a lady in Tennessee who applied for a 20-year term. She was 63 and in perfect shape.

Height/weight was good. She didn’t take any medication. She was super positive. She exercised and was in great shape. She still worked.

We actually got her what was called super preferred rates. So for the $250,000 term plan for 20 years, she saved literally $30 or $40 a month because her health was so great.

So that’s the perfect scenario. Whereas if she had gotten $250,000 at 63 on a non-med basis, she probably would’ve paid around $200 a month instead of the $125 we got for her.

So it paid for her to have that examination because she now has an extra $900 a year left over to do other things. So hopefully you can see why this is good to do an exam if you’re in good shape.

The cons of getting an exam are it can take weeks to months. It depends on how many medical records have to be reviewed and how fast your doctors are to comply with the request of the life insurance company.

One thing that is potentially troublesome if you have an examination is that sometimes exams may reveal unknown health issues. So you may find out you have diabetes or high blood pressure and that will affect your insurability.

My opinion on this is that’s a good thing. I would want to know if there are some kind of health issues that I’m having, and a physical will find that. I would not let this potential fear prevent you from trying for the preferred rates with an exam.

If you don’t know if you’re in good shape or bad shape, I can define that for you once I do a health analysis with you to see what your health history is. I’ll tell you my opinion and recommendation as an agent with years of experience doing this.

The last point here is that you may have a rate up if there are some health issues that you didn’t know you had.

What Are The Best Rates/Insurance Companies For A $50,000 Whole Life Insurance Policy?

So let’s look at some rates for a $50,000 whole life insurance coverage. I’m actually going to pull up a quoter that I use to find pricing for my clients that are interested in the $50,000 whole life insurance programs. We’re going to look at different ages for both males and females.

The goal here is not to give you an exact price. That’s something that you can really only do after you talk to an agent. But the goal here is just to give you a general idea what you can qualify for and roughly what the price is going to be based on your age and whether you’re male or female.

So let’s check it out.

Simplified Issue 50000 whole life insurance for a 50 year old male nonsmoker

So what you’re looking at here is a collection of companies that do a $50,000 whole life insurance plan on a simplified or non-med basis. You can see the price range here is between $135 to $170. That’s if you’re a male and 50 years old.

Again, these are products that I would recommend to take if you have had some health history issues. If you’re in better health, then it’s very likely you’ll get a better premium.

In fact, let’s take a look at that and kind of show you what a more traditional type of plan is it going to run compared to this if you’re 50.

50000 Whole Life Insurance Quote, Male, 50, Non-smoker, Traditional Underwriting

So here’s a spreadsheet of what some traditional whole life insurance policies will run for. I’ll direct your attention to the bottom down here. You’re looking at between $110 to $130, so significant difference for the non-med type of policy.

50000 Whole Life Insurance Quote, Female, 50, Non-smoker, Simplified Issue

Now we’re looking at females. Of course, women are always less expensive if the health issues are the same between males and females.

50000 Whole Life Insurance Quote, Female, 50, Non-smoker, Traditional Underwriting

The rate for a $50,000 plan on a 50 year old is $112 to $135. A traditional product that’s fully underwritten is going to be between $93 and $103, so significantly less expensive. If your health is better, these are some better options that will give us a better price.

50000 Whole Life Insurance Quote, Male, 60, Non-smoker, Simplified Issue

50000 Whole Life Insurance, 60 Year Old, Non-Smoking Female, Simplified Issue

It’s the same deal here for females with a non-med or simplified issue product. It’s between $150 and $180 roughly depending on how your underwriting pans out for non-med or simplified issue products.

50000 Whole Life Insurance, 60 Year Old, Non-Smoking Female, Traditional Underwriting

Then for 60-year-old females for traditionally underwritten products that may require an examination, you’re looking at $125 to $150.

50000 Whole Life Insurance, 70 Year Old, Non-Smoking Female, Traditional Underwriting

For 70-year-old females with prior health issues looking for $50,000 in coverage of non-med or simplified issue insurance, you’re looking at between about $250 to $300 depending on which company is going to be the best selection.

50000 Whole Life Insurance, 70 Year Old, Non-Smoking Male, Simplified Issue

For 70-year-old males looking for $50,000 in coverage, it will be between $300 to upper $300s depending on the company you qualify for.

50000 Whole Life Insurance, 70 Year Old, Non-Smoking Male, Traditional Underwriting

For simplified issue, for males with good health at 70 years old, you’re looking at somewhere between $215 on the low side up to the mid $300s on the high side. Again, it’s gonna depend upon your health.

50000 Whole Life Insurance, 80 Year Old Man, Non Smoker, Simplified Issue

Now, if you have somebody who’s over 80, we can get them coverage up to 85. In fact, there are some companies that go up to 90.

They don’t go up to $50,000 in coverage, but you can get $50,000 in whole life insurance at 85. This would be non-med issue. You’re looking at between $900 to $1,100 just depending on health and age and which company they qualify for.

We can also do another aspect called stacking. That’s where we take two $25,000 plans and stack them together. There’s no law saying you can’t have multiple life insurance policies.

So there are ways to achieve $50,000 if these companies don’t offer the best options for underwriting because coverage is because very limited at 85. We can stack different companies in order to achieve that.

50000 Whole Life Insurance For 85-Year Old Male, Non-Smoker, No Exam

Here are fully underwritten products for 85-year-old males which are much less expensive.

50000 Whole Life Insurance For 85-Year Old Female, Non-Smoker, No Exam

And last but not least, a couple of selections for $50,000 for a fully underwritten product for females at 85 years old.

Life assurance quotes online

50000 Whole Life Insurance For 85-Year Old Female, Non-Smoker, Traditional Underwriting

And here’s prices for females with health issues for non-med and simplified issue.

Other Factors To Consider If $50,000 Premiums Are Too High

So now you’ve looked at just a couple of selections for $50,000 in whole life insurance options, and maybe the price is a little steep. Maybe it’s not something you’re 100 percent comfortable with.

Well, the good thing is there are definitely some alternative options that can help you achieve the same goals. I just want to share these with you because you need to know what your options are so you can better select which route to go.

One of the things we always say in the insurance business is, how do you eat an elephant? One bite at a time.

So a lot of people want a lot of insurance, but maybe they just can’t qualify for it or maybe they just can’t afford it. But they need something.

SOMETHING IS ALWAYS BETTER THAN NOTHING!

I’m a big believer that something is better than nothing. And so what I’m going to show you are some alternative programs that can help you achieve the same goal with products that are just as good.

Guaranteed Universal Life

So the first thing I’m going to show you is what’s called a guaranteed universal life program. Guaranteed universal life guarantees your universal life plan will not lapse as long as you pay the premium. It will last until you’re 121.

So as long as you pay the premiums, the premiums will never go up, and the coverage can’t cancel because of age or health. It acts very much like a whole life insurance plan contractually.

But one of the advantages of a GUL or guaranteed universal life program is that you can get more bang for your buck. You can get a lot more coverage in some circumstances then you can with a traditional whole life insurance product.

Let me show you some examples here of what I mean.

I’ve got here a 65-year-old female on the board here for a non-med/simplified issue product, which again is for people with health history issues. Starting from United Home Life, you’re looking at about $200 to $225 roughly out of these short selections of companies.

Simplified Issue Whole Life, 65 Year Old Female, Non Smoker, 50000

No Lapse Universal Life, 65 Year Old Female Non Smoker, 50000

Now we’re looking at $50,000 with a Sagicor no-lapse universal life preferred and standard product. You’re literally looking at a huge difference in price, $101 compared to $200. So you could literally cut your premiums in half and still have the same type of advantage with guaranteed premiums that cannot cancel as long as the premium is paid.

Or if you’re rated standard because you’ve had a few more health issues, it’s still quite the savings. So I like using Sagicor if you just can’t get the whole life, for whatever reason.

Sagicor allows for the same thing. It maximizes the death benefit payout for the amount of dollars you’re willing to put in. And as long as you can qualify for it, it’s a really good choice for that kind of goal.

Again, with Sagicor their underwriting is tighter, but they’re not necessarily impossible to qualify people with. People who are healthy can sometimes fit right into these plans and get a better deal.

So consider this as an alternative. I’m just going to show you this particular price and demonstrate the difference. You’ll be surprised at what you can get.

Case in point, I had a client who was quoted $300 a month for $20,000 in simplified issue whole life. And for about $170, I got her $25,000 with a Sagicor no-lapse universal life guaranteed program.

So again, you may want to check this out, and if you’d like more help with it, call me at 888-626-0439. I’d be happy to help you.

Term Life

So another option you may want to do is what’s called a term life product with a permanent conversion option. So like I said, a permanent problem needs a permanent solution, but if you are so income strapped that even a guaranteed or a universal life plan doesn’t make sense financially, a term product may.

If you buy a term product, you want to get a term life insurance plan that maximizes your ability to turn it over into a whole life or permanent product later. Some term insurance plans have what’s called a term insurance conversion rider, and it stipulates that, up to a certain point in the future, you can convert that plan to a whole life plan without health questions asked.

It’s a great option to have because our health changes, and you may not qualify for something if it changes in a negative fashion. So this allows you to convert this policy to a permanent product without evidence of insurability. It makes the process of getting whole life or permanent insurance a lot easier.

But make sure you review the term insurance rider. Some of them cut you off before the end of your term insurance and some go the whole length. Again, this is something I can help you with and point out which one is going to be the best value.

Start Small

Also, you may just want to consider starting with a smaller whole life insurance plan. If this is well out of your budget, look at a $5,000, $10,000, $15,000, or even $25,000 plan.

Again, eat the elephant one bite at the time. There is no reason why you can’t start with a little insurance and then add more over time.

I talked to a gentleman yesterday in Tennessee. He’s been a client of mine for four years, and I started him off with $5,000 in coverage. Now he’s worked up to $17,500.

So he owns three policies now, and those happened over the years as his finances got better. There’s nothing wrong with that. That’s a better way than just waiting around and then maybe, possibly, hopefully in the next three or four years getting the big policy.

But your health may change. Your situation may change. So you’re making a big gamble when you don’t necessarily need to. You could start off with something minor and then grow it from there.

Again, bottom line, something is better than nothing.

Next Steps

So as we conclude and wrap up our conversation, the process to qualify for a $50,000 whole life insurance program is very simple. Pick the agent you want to work with. I nominate myself. =)

After you’ve selected your agent and they’ve listened to your needs, let them drop a quote to show you what your options are. If you like what you see, the next step is to apply over the phone or via the internet. Maybe even do a paper application.

You really don’t need an agent anymore to do this except to facilitate over the phone or through email. But a face-to-face appointment is not necessary. If you don’t want an appointment, that’s fine. You can do a lot of stuff over the phone with these.

Usually after several days or weeks, your coverage is approved, and then several weeks later you’ll receive your policy. That’s it! You’ve got your coverage, you’re approved, and you’ve got peace of mind.

So the final steps to get started: If you like what you’ve heard and seen and you’d like for me to help you or a loved one out, the best way to reach out to me is one of two ways.

You can go to my website at BuyLifeInsuranceForBurial.com and request a quote by going to the contact box and sending a message. You can also go to the lower right-hand corner and send me a chat request that way.

But really the best way to reach me is to call me directly at 888-626-0439. Why? Because I help people out constantly every single day, and I can always grab the phone because it’s just me who works with you. So if you don’t reach me, leave me a voicemail, and then I’ll get back to you as quickly as possible to help you with whatever your questions are.

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