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Why should I purchase Term Life Insurance ?
What is Term Life Insurance? Why purchase Term Insurance?
Can the rates increase? Is Term Insurance convertible?
How much coverage do I need? How long should my coverage be?

 What is Term Life Insurance
-Term Life Insurance provides temporary coverage for a specified period of time, in increments of years. Usually these periods are from 5,10,15,20, even 30 year term products are available, but be sure to understand the guarantee period for any policy purchased. See: "Can the rates increase?" below.

The beneficiary receives the death benefit if the insured dies while the policy is in-force; no benefit is paid if the insured survives to the end of the term. Policies do not build up cash value, so if the policy is surrendered, the policyholder does not receive any cash value.

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Why purchase Term Insurance?
-Term policies are designed to meet a specific need for a stated period of time. They are sometimes purchased to supplement permanent insurance. Term insurance is useful for pure protection needed for a definite period at a low cost.

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Can the rates increase?
The Triple X legislation adopted by most states January 1, 2000, has changed the rates and guarantees on term insurance as we knew it before Dec. 31, 1999. While many companies are still getting their Triple X compliant products approved through the states, many have come out with these products and the insurance consumer should have a complete understanding of the product before they make that purchase.

Premiums remain level on guaranteed term insurance. Initial premium rates for term coverage may be lower than those for permanent insurance products because of the limited periods of protection and absence of cash value, but the premiums can escalate upon renewal, as the insured gets older or as the duration of the term increases past the guaranteed period.

The products being offered that we sell range from full guarantees on 10, 15, and 20-years at competitive rates to mid-range guarantees and short term guarantees.

The mid-range guarantees generally include 5 and 10-year level premium plans with rates guaranteed level for only the first five years. 15, 20, and 30-year level-premium plans with rates guaranteed level the first 10 years.

The short-term guarantees are on term products for 5, 10, 15 and 20-year level-premium plans with rates guaranteed level the first 3 years only.

Every company's products will differ, so be sure to read the illustration provided.

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Is a Term Insurance policy Convertible?
-A feature of some term insurance policies is "convertibility". This allows the policy owner to convert the term policy to a permanent insurance policy that builds up cash value. Generally, no additional underwriting is required to exercise this option.

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How much coverage do I need?
-Our experience is that people typically are securing term insurance to either cover a personal or business loan, or to replace family income in the event of premature death.
If for a loan, the balance due determines the amount of coverage needed.
If to replace family income, the proceeds should be enough to take care of your family. With the insurance proceeds and prudent investing, your family would be able to replace your annual income. Many experts advise at least three to five times your annual earnings.

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How long should my coverage be for?
-The answer is a highly personal one, and will vary depending on your health, your age, and your current and expected financial situation. Term insurance will cover you only for a period of time. The policies can have a good rate for the guarantee period of 5,10,15,20, or 30 years. After that you will have to re-qualify to have the policy renewed for another term period. That new term period will usually be at a higher rate, based on your current age and health. If something has gone wrong with your health during that term of time, then you may be forced to pay annually increasing premiums after the level guaranteed period in order to continue the coverage. So you need to carefully evaluate how long you will need life insurance.
We can help you to analyze how much coverage you need simply fill in this Free Quote request form

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Home and Auto Insurance

Home and auto insurance can save you from costly repairs and liability in the case of damage to your home or your car. Both essentially cover damages to you and your property, however a large portion of auto insurance covers third party damage and injuries in the form of liability coverage. In the case of auto insurance, most states make mandatory at least minimum coverage.

How much coverage you need, cost and what your level of exposure might be are among the concerns governing selection of these type of insurances.

.An auto insurance policy is actually a package of different coverages. Coverage can include liability insurance; collision coverage; comprehensive coverage; medical, PIP and no-fault; uninsured motorists and certain add on features. Most states require you to purchase a minimum amount of certain kinds of coverage. But if you're interested in protecting yourself from a lawsuit or from wicked repair bills, then it makes sense to buy more than what's required.


Auto Insurance What Is Auto Insurance?

An auto insurance policy is a contract between you and an insurance company. You pay a premium. In exchange, the insurance company promises to pay for specific car-related financial losses that you may have during the term of the agreement

Auto Insurance Do You Need It?
Auto insurance is a legal requirement in most states. State laws typically say that as a driver, you either must have insurance, or be able to provide evidence that you have the financial resources to pay a judgment against you, if you are responsible for causing damage or injury to another person/property. An insurance policy is the easiest way to document that you can pay damages if you must. You also need auto insurance to protect yourself financially. If you or anyone for whom you're responsible seriously injures another person, you can be held liable for the injured person's medical expenses, rehabilitative therapy, and long term nursing care, as well as for his or her lost earnings.
Auto Insurance Who Is Covered?
Your policy covers you, your spouse, and other family members who live in your household and are entitled to drive one of your vehicles
Auto Insurance What Is Covered?
Where you live - Where you live and drive your car has a significant impact on the cost of your insurance. This is because the frequency of things like vandalism and car theft, and the cost of things like car repairs and medical bills, vary enormously from one region to another.
The make and model of your car - The cost of insurance depends a great deal on what type of car you drive, too. (It can be helpful to bear this in mind when choosing a car, especially if you're on a tight budget.)
Your driving record - Your insurance rates will be affected by any tickets you've received and violations of which you've been convicted over the past several years.
Your age - Statistically, younger drivers get in more accidents and tend to get more tickets
No Medical Exam Life Insurance

No medical exam life insurance is available from a number of insurers. No medical exam life insurance policies provide the same benefits as plans that require a medical exam without the hassle. No medical exam life insurance are NOT for people with serious health issues such as (but not limited to) AIDS, ARC, HIV, cancer, heart disease, lung disorders, stroke, diabetes, liver disease, mental, psychological or nervous disorders. Every insurance company has differing terms and requirements you must satisfy in order to be eligible for a no medical exam life insurance policy. The best thing to do is request no medical exam life insurance quotes and see what type of life insurance policy you are eligible for and what suits your needs. Receive free, multiple quotes from competitive life insurance vendors today. You may be eligible for no medical exam life insurance, compare and save now!

Types of Life Insurance:

Permanent Life Insurance
Term Life Insurance
Cash Value Life Insurance
Whole Life Insurance
Single Premium Life Insurance
Variable Life Insurance
Endowment Life Insurance
Universal Life Insurance
Level Term Life Insurance
Child Life Insurance
Decreasing Term Life Insurance
Senior Life Insurance
30 Year Term Life Insurance
No Exam Life Insurance
20 Year Term Life Insurance
Renewable Term Life
10 Year Term Life Insurance
Adjustable Life Insurance
Short Term Life Insurance
Long Term Life Insurance
Return of Premium Life Insurance
Final Expense Insurance
Guaranteed Issue Life Insurance
Burial Insurance
Guaranteed Issue Whole Life
Joint Term Life Insurance
Variable Universal Life Insurance
Joint Life Insurance
Survivorship Life Insurance
First to Die Life Insurance
Second to Die Life Insurance
Cancer Life Insurance
Critical Illness Life Insurance
Medicare Supplements
Joint Whole Life Insurance
Mortgage Life Insurance
Joint Life and Survivor Insurance
Stroke Insurance
Mortgage Term Life Insurance

Universal life insurance is whole life and a form of cash value life insurance where the insurance premiums and amount of coverage are flexible. Generally, after the first-year premiums, additional premiums and coverage can be adjusted at the insured's discretion assuming they are within the boundaries set by the insurance company. Universal life insurance is actually whole life insurance, but more flexible. Generally, you pay a higher premium for this flexibility. Universal life insurance as with whole life insurance has an investment component as well as a death benefit, but the policyholder, has the right to increase or decrease the investment amount.

Universal life insurance policies are attached to short-term interest rates, often making their rate of return higher than whole life, but this also means you're at greater risk when interest rates drop.

Mortgage Term Life Insurance

Mortgage Term Life Insurance covers you for a specified term (from 10 to 30 years, typically). If you die within the term, your beneficiary receives the stated death benefit of the policy. Mortgage Term Insurance normally requires no medical underwriting as well. Mortgage term life insurance is a reducing term life insurance policy which guarantees that if you die your mortgage will be paid in full. The coverage decreases as the mortgage balance declines and it is recommended for the borrower to have a mortgage life insurance policy. Mortgage life insurance provides a safety net for your family should you or your spouse pass away and pays out a guaranteed cash sum during if you die the policy term or are diagnosed with a terminal illness with less than 12 months to live within this period.



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