FAQ
I don’t have a lot of money, is life insurance affordable?
YES! A lot of people think, life insurance is for the wealthy because there is a misconception about its price. Affordable options are available, a Term -10 for instance. Work with one of our insurance professionals to find a policy that fits your financial constraints while providing the necessary coverage.
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I’m single, is life insurance necessary?
It may be less critical, but think in terms of long-term savings and LIVING benefits, Universal Life offers cash values which can be accessed when needed.
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I have pre-existing health conditions; can I still get life insurance?
We understand this must be tough for you. It really depends on what condition you’re diagnosed with, reach out to one of our professionals who will work on your case and potentially find an insurer who may offer you the coverage or an alternative like a graded benefit policy.
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The benefits paid out, are they taxable?
A typical life insurance death benefit is tax-free. Do consult a tax professional for specific situations.
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Can I have multiple policies?
Yes! It is very important to evaluate your coverage periodically to ensure it aligns with your current situation. Consult our professionals for a complimentary review.
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I missed a premium, now what?
Most policies have a grace period, but to avoid policy lapses, be consistent with on-time payments. Discuss options with your insurer if you need further help.
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I already have a life insurance policy from my job, why get a policy individually?
Its amazing that your employer offers this, but, is it enough? Most people need a lot more than what is being provided. Also, this coverage will only last as long as you do at your firm. Look at options, contact us for a free consultation.
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When is the right time to buy life insurance?
Yesterday! But since we can’t go back in time, be Wealthy Today by making a decision towards a wealthier tomorrow. Younger and healthier individuals will likely secure lower premiums, and will qualify for it easier… this is why starting early is best. Contact us today to create and implement solutions to reach your financial goals.