Do I Need Life Insurance? Questions To Ask Yourself and Your Family. Protecting What's Important: How to Start a Conversation Around Life Insurance From vacations to planning for college, creating life plans with loved ones is one of the many joys in life. But when it comes to more sensitive topics, like unexpected deaths or disability, it can be tempting to avoid conversations altogether. Initiating a conversation about your family values and goals – and how those goals could be impacted by the loss of a loved one – not only helps you think through key details of your legacy plan but can also provide some comfort for everyone. Framing Your Conversation: What to Think About on...
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There is still much about COVID-19 we do not yet understand. But this much is clear: Those who are dedicated to fighting this pandemic on the front lines of healthcare have the highest risk of exposure to the virus. Physicians across Texas and the nation must confront this reality every day. So it should come as no surprise that we are receiving a growing number of questions from physicians who are giving new consideration to how they can help protect their family with life insurance. We know that during these challenging times you are working hard to care for your patients, as well as your family. So here is a quick look at some key questions and answers about life insurance that may be...
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Life Insurance Questions- Is Life Insurance a Scam? I have actually been asked this question quite a few times over the years and it has a bit of a negative connotation to it. To those who have never really researched Life Insurance, it is easy to see why they may have some reservations. Life Insurance is something that an individual must really learn about in order to obtain knowledge of all its benefits. Let’s take a look at it and dive into the details. Life Insurance pays off if the insured person passes away while the policy contract is in force. However, there are certain pre-requisites- the Insurance Company is assuming that the information that they are being given is accurate...
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Once you have determined you need term life insurance, it’s time to choose a policy. Be aware that many policies differ on certain points, so you’ll want to ask a few important questions before purchasing a plan. The following questions can be answered by your agent or found within the information provided to you concerning the policy. How Long Should My Policy Last? Term life insurance policies last for a specific amount of time — most policies last for 10, 20, or 30 years. Your decision on which length of time to pick depends on why you need the life insurance in the first place. Some people purchase term life insurance just to make sure that short-term debts would be covered...
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Nine Questions to Ask Before Buying Life Insurance Many investment insurance policies aren’t having the results that were expected. Their buyers didn’t realize that insurance policies also could be hurt by a bear market just like stocks and mutual funds. Here is what you need to know to avoid this situation, and to make a good decision regarding the future of any policy you already own. Life insurance policies are sold using projections or illustrations of possible future results. Often investment policies such as variable life, whole life, and universal life are sold with projections that the premiums would vanish after a certain number of years, though the policies would...
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Reviewing a client’s or prospect’s life insurance coverage needs might seem straightforward. But too often, agents and advisors overlook critical questions that can result in a poor product recommendation — one that fails to meet income replacement, living benefit, wealth transfer or other planning needs. To get better acquainted with policy review issues, LifeHealthPro interviewed Palmer Williams, a national sales director at Saybrus Partners, a provider of insurance and annuities solutions. The conversation explored issues germane to determining the appropriate policy size and type. Among them: Client goals and objectives; Policy risks connected with increasing life expectancies;...
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5 Common Life Insurance Agent Interview Questions & Answers Published On: December 06, 2010 Most people prepare responses for more general interview questions, such as talking about greatest strengths and weaknesses. While that is certainly something to think about, you also need to be ready to respond to questions that have a more direct correlation to the job you want to get. Reading over some sample life insurance agent interview questions and answers is a great training method. The following are some inquiries to ponder as you get ready for the big interview. 5 Life Insurance Agent Interview Questions & Answers 1. How do you remain positive when you get more "no" than "yes?" I...
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New approaches to life insurance policies that offer charities the prospect of a small benefit at little or no cost to them or their donors are beginning to raise eyebrows in Washington and elsewhere, the New York Times reports. In one approach, wealthy, elderly donors allow insurance companies, hedge funds, and other investors to insure their lives in exchange for a promise that part of the death benefits will go to the donors' favorite charities. Investors, who hope to profit substantially, buy the insurance and pay the premiums. Caroline Rose Hunt, an eighty-one-year-old oil heiress who built a second fortune in hotels and resorts, has allowed unknown investors in four pools to insure...
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Because September is Life Insurance Awareness Month, we are utilizing our August Q&A to answer frequently asked insurance questions. As you recognize Life Insurance Awareness Month, consider reviewing your policies with your wealth advisor by providing them copies of existing policies, the reasons they were purchased, and who they should call in the event of your death. Finally, consider storing copies of your active policies in a secure location, such as a secure online vault and make sure that your family knows who to contact. Q: How often should I review my existing policies? A: You should review your policy anytime you have a major life event such as marriage, birth of a child, new...
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Waiting Period Policies Over 50’s Life Insurance Policy – this is the most common variant Hugely advertised on daytime TV they are typically sold to cover funeral expenses or to provide a lump sum for your family. They usually make the fact that they offer life insurance with no medical questions a big selling point. Here are some features of a typical policy: Usually a small minimum monthly cost Usually comes with a free gift If you die in the first 12 or 24 months you just get your premiums returned If you die after this waiting period you get full cover. The cover carries on for the whole of your life To give you an idea of the sort of value they provide we ran a quick quote for a...
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