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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…

Marijuana and Life Insurance in the State of Washington

Smoking marijuana is not nearly as taboo as it used to be and life insurance companies are starting to be more lenient from an underwriting standpoint. Currently eight states and the district of Columbia have legalized recreational Marijuana. In the past if you smoke or ingest cannabis life insurance companies would rate you the same as a cigarette smoker and some companies are still this way. If you smoke or ingest cannabis and live in the State of Washington and are looking for a life insurance quote, speak with an agent at Pacific Insurance Group or swing by their Bellevue…

Strategies for Obtaining Life Insurance as Quickly as Possible

If you need to get life insurance as soon as possible for a business loan, divorce decree, or any other reason, working with the right agency is extremely important because the process can either be quick or take months. If you have any negative health history or are on prescription medications, it is very likely a physical exam or an interview by a life insurance underwriter with be required. If you are in great health, have no history of prescription medication and have a safe driving record, there is a chance you can get approved within hours of completing the…

I do not have a pension? Is an annuity necessary?

An increasing fear for a lot of people is not having enough money in when they retire. Sixty-five percent of baby boomers plan on working past age 65 because they do not have enough retirement savings. Most financial advisors have programs that can generate fancy reports with positive returns and pretty graphs but knowing the downside potential and guarantees inside your retirement plan is extremely important. It is prudent to analyze the assumed interest rates and fees inside your retirement plan to calculate the correct distributions from your nest egg so you do not run out of money. By using…

5 Things To Remember Before Purchasing Disability Insurance

According to recent studies, a person is three times more likely to need disability coverage than you are to die and need life insurance before their 65th birthday. This should illustrate the importance of buying disability insurance. However, most people avoid disability insurance and don’t deem it to be a necessary expense. Why is this the case? In general, it has to do with confusion more than anything else. The average person doesn’t know the difference between life and disability insurance. He/she goes with what is assumed to be correct or doesn’t buy at all. If this is something you…

When is the Best Time to Get Life Insurance?

Those with no dependents or single individuals may not need life insurance, however it can make sense to purchase life insurance if you want to plan ahead and lock in your current health with a policy for the rest of your life. You however qualify for primary insurance that covers burial expenses; you can get this policy through your employer. If you however are married or a parent, getting life insurance would be the best step and decision for your family. Guardians too (mainly single individuals) qualify for life insurance as well. You could also get life insurance if you…