When to Get Life Insurance Just exactly when is the best time to buy life insurance? The short answer is when you need it… and before it’s too late! The last thing you want to do is put off buying life insurance until you get diagnosed with an illness that could make you uninsurable. You would be surprised to know, every day we receive a call from someone who just got a cancer diagnosis and now they want to buy life insurance. There is an old saying that states, “You can’t insure the house when the garage is already on fire!” The same holds true with buying life insurance. There are actually many reasons why people should consider the purchase of life insurance. Most people...
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Purchasing Life Insurance For Someone Else While buying life insurance for someone else is possible and legal, there are restrictions that must be followed. You cannot purchase life insurance for a total stranger, or for someone else without their knowledge. Customers often ask us, "Can you take out life insurance on another person?", "How to get life insurance on a family member?", "Can I buy life insurance for my parents?", "How to take out a life insurance policy on someone else?" - the answer to these common questions can be found below. To purchase life insurance for a family member (i.e. parent ) or child, you must be able to show that your have an "insurable interest." This simply...
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If you’ve followed Dave Ramsey for any amount of time, you know he’s not too big on cash value life insurance. In fact, he hates cash value and never recommends it. When it comes to insurance, Dave Ramsey always chooses term life insurance vs. whole life insurance. But what are some mistakes to avoid when deciding on the types of term life to purchase? Our friends at Zander Insurance recently put together a brief list to help you make that decision. Here are five mistakes people make when buying term life insurance. Buying Too Little to Replace Income Always buy ten to twelve times your income in life insurance coverage. That small policy you’re getting through work, which...
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How to get better life insurance rates after you buy a policy Shannon Lee - Last updated: June 18, 2018 If you already own life insurance, you may think your life insurance rate is set in stone. Think again. You might not realize that your premium can decrease if you meet certain guidelines for reconsideration. Requesting an evaluation of your current life insurance premium is a good idea if your health has significantly improved since the policy went into effect. Improvements that can lead to better life insurance rates include healthy blood pressure readings, improved cholesterol values, improved liver function and sustained weight loss, among others. "If you currently own a life...
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Getting diagnosed with a terminal illness would be devastating in so many ways. But beyond the emotional implications for yourself and your loved ones, there are other things to consider. One of them is the financial wellbeing of your survivors. Is it possible to apply for life insurance when you’re already sick? Insuring The Ill The short answer is, yes, you can qualify for a life insurance policy even if you already have pre-existing health problems. The long answer comes down to reading the fine print. There are many “guaranteed” life insurance plans on the market that don’t require any medical exams or ask any health questions as part of the application process. Of course, insurance...
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10 Things You Didn't Know About Life Insurance Getting a life insurance policy is one of the rites of passage to becoming an adult. However even if you have made the right choice in getting a life insurance policy you may not understand what that policy means for you. Most individuals with life insurance remain confused or are skeptical about what their insurance policy can do for them. So, let's address 10 of the most common myths or concerns people have when it comes to life insurance. 1. Unsure of the Value of a Policy Most people have life insurance but they have no idea what that value of the life insurance policy is. They don't know how much will be paid to their loved ones when...
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How To Get Life Insurance For Parents [The Ultimate Guide] Looking for a quote for life insurance or burial insurance? Click here and send me a message with details of what you’re wanting to accomplish. If you’d prefer to talk live, call 888-626-0439 to speak with me directly. Today’s Topic Is About The Ultimate Guide To Getting Life Insurance For Parents. Most likely you’re here today because you’re a child of a parent that needs some kind of burial insurance to take care of final expenses. So let’s find out how to get final expense insurance coverage for your parents. NOTE: Would you prefer me to present this information to you in video format? Watch the video...
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Getting married, buying a house and having kids are all good reasons to purchase life insurance. But if other financial priorities keep getting in the way, there’s an economic consideration if you’re a millennial (no matter how much you hate being called one): Getting life insurance now is probably a lot cheaper and easier than you think. Most people, but especially young people, overestimate the cost of life insurance, a study found, and a large portion of people in their 20s and 30s mistakenly think they can’t qualify. That’s according to the 2017 Insurance Barometer Study by Life Happens, a nonprofit supported by insurers and brokerages, and LIMRA, a global life insurance research and...
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The Advantages of Your Current Life Insurance Policy It's important to keep your life insurance policies current to meet your needs throughout your life. You may think it's necessary to cancel your current policy for a new one to account for changes in your life, but in most cases you do not need to get another life insurance policy to replace what you currently have. In many situations, the policy you own is your best bet. Before deciding to replace your current policy, speak with an agent about updating your current policy. It's best to first assess your needs and decide what will be the best decision for the long term, including what is best for the people you are protecting. It's highly...
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How to keep down the cost of life insurance Find the right life insurance policy at the right price with the help of our money-saving tips, getting appropriate cover while cutting the cost of your premium. While a 'cheap' policy may not really be what you want when looking for a product as important as life insurance, there are ways to keep your outlay down without compromising on the cover you need. Shopping around is the first and, arguably, most important step and helps you to quickly and easily compare multiple life insurance brands, looking at policy features as well as price. But there are a number of other things to consider that should ease the burden on your wallet while keeping...
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