Educational Articles

Blog

Never too late to get a Life Insurance Policy.

While turning 40 might make you feel old on the inside, you’re still young enough to buy a policy that can protect your family in the event of your death. Actually, most insurance companies that write term life insurance policies will insure people up until their 60s! Still, time is of the essence. Because life insurance rates tend to rise as you age, the cheapest time to buy a policy is now. Come talk with us at Pacific Insurance Group, we work with several carriers and provide multiple products that will suit your specific needs.

Life Insurance and High Blood Pressure

If someone has high blood pressure being controlled by medication the good news is they can still qualify for preferred life insurance rates.  Someone who is diagnosed with having high blood pressure and taking medication for it can still get the best rates available as long as their readings fall within the preferred plus underwriting guidelines.  With most life insurance companies someone’s blood pressure has to be better than 135/85 in order to qualify for preferred plus rates. It is important to work with a knowledgeable independent life insurance agent who is appointed with multiple insurance companies because life insurance…

Determine your goals for Life Insurance

Generally, an insurance agent will help you determine an appropriate coverage amount for the policy by examining some of the key costs your family will have in years to come, such as the cost of child care, education and the mortgage. Another approach is to figure out how much income you’re expected to earn over your lifetime, while it might be tempting to think of life insurance in terms of a dollar amount, it makes more financial sense to tie that amount to a goal, like paying off a mortgage or college tuition. Come talk to us at Pacific Insurance…

Choose the right company to insure your life in Bellevue

If there’s one thing that’s important in an insurance company, it’s that the company outlives you. Look at the financial stability of the insurer as well as customer service ratings. There are plenty of helpful online insurance ratings and reviews to help you decide. Do plenty of research, talk to your agent and make sure you look at the their history as well as their outlook. Come talk to us at Pacific Insurance Group, we will help you pick the right policy with the right provider, we work with several companies and have access to several products and are focused…

How to Supplement Retirement Income using Cash Value Life Insurance

Under the current tax code life insurance cash values compound tax deferred which can be an appealing alternative to standard brokerage accounts because of the tax savings. Moreover, properly structured withdrawals and loans from a cash value insurance policy are tax free as long as the policy remains in force until the insured’s death. Maximum funded cash value life insurance policies can be a great solution for people looking to save money and supplement retirement income. High Income Earners The definition of a “high income earner” can vary but for the sake of this argument lets classify them as someone…

The right provider for Bellevue Life Insurance Customers

If anyone turns you down for life insurance, look somewhere else. Companies look at a whole host of information and utilize a variety of methods to vet who they will insure. Just because one provider turns you down, you shouldn’t assume another provider will come to the same conclusion. Working with Pacific Insurance Group allows you access to multiple providers giving you the best chance for getting the correct insurance for your needs with a provider that is right for you.

How & Why to Request an InForce Life Insurance Illustration

If someone has purchased a cash value life insurance policy it is wise to request an inforce life insurance illustration at least every three years. The inforce illustration takes into account the current cash value and projects out what the policy will look like based on current assumed interest rates which could be significantly different from the original illustration from the beginning of the policy. Unfortunately, most people who have permanent cash value life insurance policies never request inforce life insurance illustrations and get upset down the road when the policy underperforms or lapses. It is prudent to work with…

Term Life Insurance with Accelerated Living Benefits

Term Life Insurance with Accelerated Living Benefits Over the past twenty years term life insurance rates have drastically gone down in price because of new mortality and morbidity tables, causing insurance carriers to redesign products in order to stay competitive. It is similar to the old adage of “King of the Hill”, one-month ABC insurance company has the lowest term life insurance rates and the next month XYZ company beats them out by twenty cents. Insurance companies have also started to get more competitive by offering term life policies with accelerated living benefits, which means the policyowner can access the…

Why you need Life Insurance in Bellevue?

The purpose of life insurance is to provide financial support for your dependents if you are no longer around to do it yourself. If you are contributing significantly to the financial well-being of someone in your life, think about protecting them from any financial gaps that might occur if you are no longer able to provide the same support.

The Wide Range of Qualifying for Life Insurance

DIFFERENCE BETWEEN GUARANTEE ISSUE LIFE INSURANCE AND MEDICALLY UNDERWRITTEN LIFE INSURANCE Life insurance terminology can be misleading, leaving people confused and frustrated. There is a wide difference between the products life insurance companies offer, on the far left is guarantee issue life insurance and on the far right is medically underwritten life insurance. Unfortunately, most people are incompetent when it comes to the process of getting life insurance and make assumptions that end up costing them thousands of dollars in the long run. Commonly people assume the pricing between life insurance companies are probably similar but premiums can be two…