harley, Author at Pacific Insurance Group - Page 2 of 9

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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…

Why Care about Long-Term Care Costs – and Why a Traditional LTC Policy May Not Be Best

Why Care about Long-Term Care Costs – and Why a Traditional LTC Policy May Not Be Best No wonder so many people are worried about paying for long-term care! Just look at the facts: • 70 percent of people turning age 65 will likely need some type of long-term care during their lives, according to the Administration on Aging • Unfortunately, an American reaching age 65 today can expect to incur nearly $140,000 in future long-term care expenses, according to the Centers for Disease Control (CDC). • Yet, Medicare doesn’t pay for services extending beyond 100 days in skilled nursing…

Paramedical Exams During The Coronavirus

Paramedical Exams During the Coronavirus Era Life insurance and paramedical exams go together like peanut butter and jelly; however, life insurance companies have new guidelines which allow for accelerated under-wiring of the policy if the insured qualifies. Accelerated underwriting generally applies to people looking to purchase 1,000,000 or less of life insurance and are age 50 or below, have good credit, and very few underlying prescriptions or health conditions. If this describes you, congratulations! Give us a call, we can put together some quotes and give you information for free. Our office recently spoke with Apps Para Medical Services based…

Life Insurance in the age of COVID-19

Life Insurance in the age of COVID-19 As everyone is adjusting to the new normal of working from home, we have all had to make adjustments for some that is easier said than done. Is it ok to conduct online meetings in your sweatpants? What is the etiquette around “sharing your screen”?  Working in an industry primarily been done face to face has meant adapting how we communicate to people about life insurance options. The good news is we were already heading into a new trend of helping people get life insurance over the phone and internet, this just helped…

Life Insurance During Uncertain Times

  Uncertain times can cause people to think about what matters most in life. The coronavirus has given us the opportunity to care for those who really need us, whether it be a grandparent, parent, or child. What would happen if you were not alive? A lot of people get busy with work, marriage, kids, etc. and they just do not get around to thinking though the importance of life insurance. If you are alive, you will most likely find a way to provide for those who depend on you. If you are NOT around anymore, what will your loved…