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How to Prepare for an Online Life Insurance Meeting

With the advancement of technology, purchasing life insurance online can be quick and easy. A lot of companies even have accelerated underwriting programs which do not require a blood draw, nowadays there is so much information available for life insurance underwriters which makes it easier to determine the risk (rate class) without analyzing blood and urine lab work results. When it comes to preparing for an online life insurance meeting it is helpful to write down your existing and pre-existing health issues, what medications you are taking, and what you are taking them for. An accurate height and weight is…

What are the “Living Benefits” on Life Insurance Policies?

Living benefits are now being built into a lot of term and permanent life insurance policies. Examples of these “living benefits” are:  Terminal Illness – doctor says you have two years or less to live  Chronic Illness – you need assistance with eating, bathing, dressing, toileting, transferring, and going to the bathroom (continence).  Critical Illness – cancer, stroke, heart attack, major organ transplant, kidney failure, etc. If you are searching for life insurance, check out the pricing of policies with accelerated benefit riders vs. those without them. Depending on where you are looking policies with accelerated benefit…

Guaranteed Level Term Insurance

Guaranteed Level Term life insurance is generally a low-cost option that’s designed to provide pure death benefit protection for a set period of time. The policyholder pays the premiums and if they die while the policy is in effect, their beneficiary receives the death benefit. There are several factors to take into account when looking for term insurance. How long do you need the coverage? Some people want term insurance just during their working years for loss of income. Others may need coverage to cover a business loan or even the mortgage on a house. Term life policies expire after…

How To Get The Best Deal on Life Insurance

If you haven’t figured it out yet, it’s called life insurance because it is based on someone’s life. This person is commonly referred to as the “insured”, which is fancy terminology for the person the insurance company is betting on NOT to die prematurely. In order to come up with the pricing for what they are going to charge, they will want information about the health and activities of the insured which is called the “underwriting process”. These can increase the price for life insurance:  Family history – has a parent or sibling been diagnosed or died from cancer…

What Is A.R.T?

Annual Renewable Term is the full name for A.R.T. Do you know what your term life insurance premium will jump to in the next five, ten, twenty years? It is common for insurance agents to speak of A.R.T. on such a regular basis they forget to explain how it works to the general public. Daily we get calls from people who had no idea what their premium was going to jump to at the end of their level term period and the disappointment becomes evident by their voice inflections. When the annual renewable term period begins it is common for…

How Does Life Insurance Work in the United States

Life insurance companies in the United States are heavily regulated by each state department of insurance, but all states are members of the NAIC, which stands for National Association of Insurance Commissioners. Federal regulation of the insurance industry would save time for insurance companies when it comes to “approving” their products, currently each state has to give the insurance company permission before their products can be sold. “Permission” is a fancy way of charging a fee, to both insurance companies and insurance agents, which hopefully goes towards benefiting the underlying consumer. Life insurance rates do not usually vary by state,…

Buying Life Insurance Online

Purchasing life insurance 20 years ago is way different than it is today. When I purchased my life insurance policy it was face to face with an insurance agent that came to my house and an examiner who came and took my blood and did some measurements and the whole process took about three months to complete. Today obtaining life insurance is usually different experience, it is the best of both worlds, while you can still do the face to face interactions if you prefer, life insurance companies have made the jump to offering online applications for the people who…

So, What is Whole Life Insurance?

Whole life insurance is a product offered by licensed insurance companies which guarantees the premium, death benefit, and cash value. Generally, insurance companies will pay an annual dividend to its policy-owners which will be either to purchase paid up additional life insurance or distributed back to the policy-owner in the form of cash. There are varying opinions when it comes to global warming, vaccinations, & whole life insurance. Whole life insurance is a fairly basic product and only takes a few minutes to really understand how it works. Look at it from all angles, how the insurance company actually makes…

How to Create Referral Partners and Centers of Influence

Developing referral partners and centers of influence is critical to the long-term success of a life insurance agent. Social connections on Facebook, LinkedIn, Twitter, Instagram, Marco Polo, etc. are good places to start identifying people who can be the foundation of your network. Social media platforms are here to stay, so it makes sense to embrace them in order to build your business and you will most likely deepen your relationships at the same time. As expected, it does not happen overnight, but with intentionality and discipline within one year you can build an amazing network of people sending you…

Home-Schooling During COVID-19

If you’re a parent with children under the age of 18, you might be trying to figure out how to suddenly homeschool and work from home at the same time. Do you think we will be able to add homeschool teacher to our resume after the virus blows over? Online learning from our child’s school only takes about two hours a day to complete. So, what do you do with the rest of that time? In the first few weeks after his schooling was done, we were going on walks around the neighborhood. Then we started to get bored with…