Looking forLife insurance at a greatly
reduced cost? How aboutMortgage
Insurance or other types of
Term Life and
Whole Life Insurance ?
Great, then you came to
the right place! You can get a free personalized quote just by
making a phone call or writing an email!
Most people are looking for a
Life Insurance Rate; so, if you do not wish to read anything, you
can quickly get it over with by taking action now! Life
Insurance covers many different types of insurance. Most
notably Term Life Insurance and Whole Life Insurance! The aim
at this website is to provide the people of Las Vegas, NV with
options to buy insurance. It is like the lunch line, you can
have what ever you want, you just have to pay for it! I have
assembled a small team of insurance agents and including myself to
suit your needs. If you are looking for Health Insurance, I
have you covered as well! Definately one of my agents will
handle that though!
When one gets covered
through a Life Insurance Plan, they are protecting
tomorrow, but doing it today in a sense! Whether it
be Term Life or Whole Life Insurance, it is bought and
paid for monthly so that the policy benefits can go to someone
that you will leave behind. And all of us will eventually
leave people behind someday because the only date in our
life timelines is our date of birth! No one knows when
they will kick the bucket. Especially here in the 702 where
some of the craziest things happen! I have been a Life
Insurance Agent for about 3 1/2 years now and I have bore
witness to some very crazy stories. Several people
that have bought a Life Insurance Policy from me have
actually passed. Sometimes it happens faster than not and of
course I have clients who are in their 80's and
still doing the daily grind just fine. So yes, when
these people pass away and are sent to the funeral home, the life
insurance policy that the deceased took out paid out and
was put into good use.
Different age ranges
of people require different types of Life Insurance
benefits. Some people say that whole life is better than
term life and vice versa. In my experience and opinion
(strictly my experience and opinion), I believe that whole life
serves a greater purpose. However, I have owned term in
the past! Why do prefer whole life insurance over term
life insurance? The reason is, term insurance
is good for a specified term of 10, 15 to 20 years for
example. Lets say a set of identical twins at age
50, in identical health shape and identical everything (for
insurance purposes) both decide to buy life
insurance. Twin A buys Term Life and
twin B buys Whole Life. They both have a budget
of $50 dollars a month. Twin A has a 20 year level
term policy which will obviously last him until age 70 and since it
is level the premium stays level. Twin B has a Whole life
insurance policy so it is good until he hits age 99.
At this point, he will recieve his full death benefit and all
of the extral cash value that the policy accumulated. If
he dies before then, his beneficiary will get the benefit and
the cash value accumulated (which in the vast majority of
cases people die well before age 99). His benefit
amount is $10,000. Twin A has
a benefit amount of $100,000 and is flaunting to his brother
how he got 10 times the coverage for the same price.
Now the story example takes a twist. Both twins are fairly
healthy and never enconter a freak accident that takes
their lives. On their 70th birthday, the life insurance policy
of twin stops. He is sent
a letter of renewal in the mail. The letter said: Please send in
a check for $800 to renew your first month of
coverage. Also, each subsequent month will also be $800. Thank
you, Insurance Company ABC. Now who's flaunting?!? This
was a completely theoretical
example with everything made up. However, it is very close to
reality. Simply put, I believe term insurance is better for younger people
than for older.
The deal is, you
get what you pay for. A lot of times when an agent
is suggesting term life, they have a
lot to build value on. You get a considerable larger benefit
with term vs. whole life. However, in the long run, it is
highly probably that if one qualifies for term, they will
live into their 70's and possibly 80's. Their does exist however,
the possibility of a freak accident and or health
mishap along the way. I personally believe
this to be very minute, because the national average age for women is 86 and men 77.
If these freak occurances were happening all of the
time, these average ages would be more like 66
and 55. And insurance companies could
not turn a profit under
these conditions. And I feel that some agents and some
insurance companies really play on these "what if this what
if that" scenarios.
Now to a more recent
phenomenon...Mortage Protection Life
Insurance. This just means Term Insurance period,
end of story. A lot of people in this decade have taken on
massive mortgages that they can't really afford in the first
place. My thought is that some people in suits
in some insurance company came up with this idea as a
marketing idea at a luncheon or something of that
nature. Since higher insurance coverage can be
extended to younger people, and young people have high
mortgages, it makes sense that this
could be marketed especially to
people under age 50. People old enough to buy a
house, but, still under age 50 can qualify for 2 3 4
even 500,000 of life insurance in some cases. This could be
pinned directly to a mortgage. If a 30 year old
has a $200,000 mortgage and wants it to be
paid off when they die
so that their spouse doesn't have to worry is a prime example of this. Mortgage
Protection Life Insurance is still paid to the
beneficiary of choice. Sometimes that beneficiary is the mortgage
company so that the check goes
directly to them and
others it is to a spouse or child. It
can be good for younger people for a piece of mind and
is relatively inexpensive.
Now for Final
Expense Insurance. This just means Whole Life Insurance
period, end of story. Probably some people in suits from an insurance company again at another luncheon talking
about marketing ideas. Basically, when someone dies,
their are a lot of expenses that need to be paid for by someone
somehow. When someone buys any whole life insurance
policy, in essense it is used for Funeral
Arrangements. Insurance is NOT and
investment. Sure, whole life insurance has a cash value
that builds over time. But, it is not going to make you
rich. I think of it like paying for final
expenses with a small monthly premium instead of a lump
sum payment. When people die, their is a plethra of
expenses that do not occur to the laiman. Sometimes hospital
expenses, but, most come from the funeral industry. Here is
a semi-complete list: Transportation to funeral home,
grave site, grave stone (and gravestone engraving),
casket, make-up, placement in casket, flowers, sometimes a
pastor, funeral services from the mortuary like
digging and filling in of the hole and the
meet and greet in the main entrance. Also,
the board that someone puts the funeral information on is a
charge. If you want to get creamated, once again
transportation, if their is a wake or service the deceased must
be put into a casket, put in a suit/dress and make-up. All of this followed by
the actual creamation of the body,
the urn, and if you don't want to keep
the urn, they have a special place to put that as
well. Of course, all of this is itemized on a
bill sent to you. On occasion, people ask me what they
will do if they can't get the money out
of a survivor? Rarely does this
happen because no one wants that for their loved one. However, I
have heard by word of mouth that they will
creamate the body, put the ashes in a box and
bring it to the garbage if no
one claims it. Oh
yeah, and storage of the body is another charge
because it is being stored in fridge/freezer like box just like
on CSI Las Vegas.
With all of this in
mind, their is a considerable amount of life insurance options
available for people. I did not even talk about
universal life which is a
whole other subject. Anyway, if you do have the means and desire to get this
taken care of, I do free 15 minute
consultations. All we have to do is exchange an email
or phone call and we will
make it happen. If
you want a free quote, you can call or
write for that too! Have a great day and talk
to you soon.
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