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4 Tips To Beat the Life Insurance Company to Get the Cheapest Rates

4 Tips To Beat the Life Insurance Company in 2017 Let’s be honest, no one likes buying life insurance or even talking about it for that matter.  Most people have a preconceived notion that insurance companies are this big bad greedy corporate scrooge looking to take advantage of them.  Pssst, want to know something?  Insurance is a business, a very profitable business and insurance companies are looking to make the most revenue they can.  So there is some validity in the notion insurance companies are looking out for their best interest because they are. When I talk to clients for […]

5 Secrets about Your Life Insurance Policy You Must Know Today 2017

5 Secrets about Your Life Insurance Policy You Must Know for 2017 So you got approved for your life insurance policy and made the first payment, you are all done, right? Not quite.  There is still the task of reading over the actual policy contract filled with all of its legalese.  It isn’t fun but it is important to know the ins and outs of your policy when dealing with such an important document.  If you haven’t had the chance to read over your policy yet, this article will go over some of the important aspects you may not be […]

17 Interesting Facts about Life Insurance in 2017

17 Interesting Facts about Life Insurance in 2017 With disposable income at an all-time low, American families have to make difficult decisions on what financial priorities take precedence. Unfortunately, life insurance is not at the top of the list.    Life Insurance Ownership/Coverage Remains Low   *Thirty percent of U.S. households have no life insurance at all; only 44 percent have individual life insurance.   *Fifty percent of U.S. households (58 million) say they need more life insurance.   *The average amount of coverage for U.S. adults has declined to (167,000), down $30,000 from the average coverage in 2004.   […]

 Suze Orman or Clark Howard recommend life insurance amount coverage

How Much Life Insurance Do You Need in 2017? When shopping for life insurance one of the most common questions people have is; how much life insurance do I really need to protect my family?  The truth is the amount will vary for each person since every family and situation is unique.  However, there are general rules of thumb the experts use when working with their clients in 2017. Rule of Thumb Many financial advisors recommend having a minimum of at least seven (7x) to ten times (10x) your annual salary in total life insurance.  For example, if you make […]

4 Easy to Follow Tips to Significantly Lower Your Life Insurance Premiums 2017

4 Tips to Significantly Lower Your Life Insurance Premiums in 2017 When you’re in the market to purchase term life insurance, there are some rules you must follow to ensure you don’t needlessly overpay for your policy.  By just following these four simple tips you could end up saving a lot of money each month which could equate to thousands of dollars or more over the life of your policy.   1.       Shop Around-Receive More Than One Quote This is the first tip because it’s the most important.  Many life insurance shoppers make the mistake of purchasing their policy from […]

Purchasing Affordable Life Insurance 2017

Purchasing Affordable Life Insurance Doesn’t Suck 2017! According to LIMRA (Life Insurance Management Research ) 50% of Americans say they need more life insurance.  With startling numbers like that it’s important to educate people that affordable life insurance doesn’t suck.  I know it’s another bill, but unlike the cable or electric bill, life insurance will act as a safety net providing financial security as well as preserving your legacy should something suddenly happen to you.  What other “bill” can say that? Inexcusable in 2017 Since we are living longer, life insurance rates are at all-time-lows.  If you have a family […]

Life insurance credits program for underwriting, better rate

Are you receiving your “Credits” on your life insurance application 2016? Most consumers aren’t aware that certain life insurance companies offer “Credits Programs” to give applicants applying for life insurance the opportunity to qualify for the best underwriting class available. Often times when someone applies for life insurance everything will be good except for one finding.  Whether you are just a little over the build chart for your height, or have elevated blood pressure or cholesterol or one of your parents had heart disease at an early age. This finding will unfortunately put you into a different rating class and […]

8 Tips for Purchasing Life Insurance from The National Association of Insurance Commissioners

Consumer Alert: Life Insurance Purchasing Tips from the NAIC 8 Tips for Purchasing Life Insurance from The National Association of Insurance Commissioners to Follow in 2014 Life insurance is an important purchase for most Americans because it can provide income replacement to beneficiaries in the event of a death. Life insurance policies are available from more than 2,000 life insurance companies in the United States. Here are some tips from the National Association of Insurance Commissioners (NAIC) to help you get the best value for your life insurance dollar. The National Association of Insurance Commissioners is a voluntary organization of […]

Life Insurance for Parents & Students- College-2013-Death not forgiven, Sallie Mae

The Less Known Importance of Life Insurance for Parents & Students Who are in College or Plan to Attend College If you are a parent or a student around college age, you are probably well aware of the cost of higher education these days.  When you look at the numbers it is just staggering how much a college educations costs in 2013.  According to the College Board, the full cost of a year at a public four-year school has increased an average of 83% and private universities saw a  74% increase, in just the past twelve years alone. What are […]

life insurance new fathers dads and mothers moms

Life Insurance for New Fathers (Dads) and Mothers (Moms) and Parents Congratulations! If you are reading this article you are most likely and proud new mom or dad.  Having a newborn for the first time is an amazing feeling that is difficult to put into words.  Life is no longer about you; it’s now about your child. You experience new feelings of love and joy that you have never felt before, it is the proudest moment of your life thus far, and a new emotion of protectiveness fills you to your core.  The health and happiness of your child is […]

best time to get-purchase life insurance

When to Consider Life Insurance   Guest post by: John Gower a writer for NerdWallet, a website dedicated to helping consumers compare CD rates, checking accounts, credit cards and more. Deciding whether or not you should purchase life insurance can be a difficult process, especially as a younger adult. In certain situations, life insurance can be a very useful financial tool. In others, however, it may not be the best option for yourself or your family. Consider the following life situations when reviewing the benefits of a life insurance policy. You have a family Life insurance gives you the opportunity […]

Life Insurance Application Questions

Typical Life Insurance Application Questions You Can Expect TheLifeInsuranceInsider.com is about education and transparency.  Since life insurance is a purchase you will only have to make once or a few times in your lifetime, the buying process is somewhat still of a mystery to most people. One of the most common questions new buyers have is; what kind of questions will the insurance company ask?  To better answer this, a sample application is provided below. (Every company does have their own application.)   GENERAL QUESTIONS   1. Will the insurance applied for replace or change any existing insurance or annuity? […]

State Farm vs Farmers vs Banner Life vs AIG vs MetLife 2013

How Does State Farm & Farmers Insurance Group Compare? If you watched TV recently you’ve probably seen a Farmers or State Farm insurance commercial.  You know the ones, Farmers has the jingle, “We are Farmers! Bum ba-dum bum bum bum bum” and State Farm “Like a good neighbor, State Farm is there.”  These ads are catchy and hard to miss but how do their rates actually stack up to the competition? Farmers Life and State Farm Are Often Really Expensive From my experience, Farmers Insurance Group and State Farm are usually not too competitive with their life insurance rates and […]

Best Life Insurance Quotes

by Scott G on March 25, 2013 · 1 comment

Best Life Insurance Quotes

Best Life Insurance Rates & Quotes Finding the best rate on your life insurance quote has never been easier, ever!  Long gone are the days where you have to sit through long, uncomfortable sales pitch at your kitchen table from an overzealous life insurance agent.   With the internet, no longer do you just have to trust the agent’s word that you are receiving the best option, now you can instantly compare quotes and save thousands of dollars! Below are the quotes for a 40 year old man seeking a $1,000,000 term policy at the best rating class:   Term Banner […]

Top Life Insurance Companies & Ratings

Top Life Insurance Companies If you are looking for a list of the top 10 life insurance companies in America than you came to the right place.  When you are making one of the most important purchases in your life, you want to have as much information as possible.  You need to know that if anything were to happen to you, the insurance company will be around to pay out the claim.  When you finish reviewing the list below, please use the free quote engine to receive instant quotes from most of these top companies.  This will save you and […]

When Do You Need Whole Life Insurance?

When Do You Need Whole Life Insurance?  Guest Post Contributed By Lauren Cohen When you are shopping for life insurance, one of the first questions you will need to ask yourself is whether you should buy whole life insurance or term insurance. While both policies provide coverage in the event that you pass away, each product satisfies different needs, and understanding who might be the right candidate for a permanent plan like whole life is important before you start to request quotes and compare premiums. What is Whole Life? Whole life is technically an insurance policy with an investment component built […]

Term vs. Whole Life Insurance:  Deciding What’s Right for You

Guest post: Angie Picardo is a staff writer for NerdWallet, a website dedicated to helping consumers alleviate debt with the best balance transfer cards.   Term vs. Whole Life Insurance:  Deciding What’s Right for You No one wants to think about the potential of being without a spouse or loved one, but it is good to be prepared for the worst. Life insurance is one way to create a safety net for yourself or your family in case of untimely death. Whole Life Insurance Whole life insurance is a policy that remains in effect for the policy holder’s entire life. […]

life insurance term and permanent word of caution

Do you love someone enough to spend your hard earned money on a life insurance premium-every month or year? The truth is a life insurance policy will not benefit you; it’s a purchase you make today to protect the ones you love.. after you’re gone.  Life insurance provides cash paid to those who currently rely on you to provide a secure standard of living.  Purchasing a life insurance policy can be daunting because it isn’t an easy subject to talk about.  Most people get overwhelmed about how it works and are not sure who they can trust. So where to […]

term life insurance and whole life insurance

Term and whole life insurance policies –       Choosing the right one Guest post by: “Max Snyder a freelance writer and a blogger Human life has always been priceless. This is a fact that has gained a hell lot of importance with time. Life insurance is the biggest proof of all. It is through life insurance policies that people are now able to make sure the future of their near and dear ones stay well protected in case of any unfortunate accident. The most important thing that one must focus on while looking for life insurance policies is […]

Enlarged Prostate Life Insurance medications

Enlarged Prostate Medications and Life Insurance The prostate is a male reproductive gland that produces the fluid that carries sperm during ejaculation.  When it is enlarged, the glad has grown in size. What kind of rate can I get? Click here and see instantly Typical underwriting questions When were you first diagnosed with this condition? Are you on any medications? What is the most recent PSA reading? Have you ever been hospitalized for this condition? Medications Avodart, Cardura, Flomax, Hytrin, Saw Palmetto, Uroxatral Possible rates with an enlarged prostate or while on prostate medications Age 59 or under, stable PSA […]

The 10 best life insurance companies 2016, top 10 life insurance companies 2016

This post will go over the best life insurance companies for 2016 based on admitted assets.  So many life insurance companies have an online presence in 2016 that you may be unsure which companies are the best option, not only based on price but on financial stability.  With such an important decision, its necessary to have as much information as possible.   1. MetLife    Established in 1868, MetLife is today the largest life insurer in the United States based on life insurance in force. The MetLife companies offer life insurance, annuities, auto and home insurance, retail banking and other […]

Buying life insurance in 2016, rates, markets, trends, products

Life Insurance In 2016, Rates & Trends To Expect  The life insurance industry saw big changes in the later part of 2012, and we can expect to see even bigger changes moving forward today in 2016.  Many of the major life carriers increased their premiums in 2012, and some companies even dropped some of their most popular products from their portfolio like the 30-year guarantee level term policy.  This was mainly due to the historic low interest rate environment.  While low interest rates are great for obtaining a mortgage or auto loan, it makes it difficult for insurance companies to […]

What Does A Life Insurance Blood Test Look For?

What Does A Life Insurance Blood Test Look For in 2016? When you apply for a life insurance policy, the insurance company is going to perform what is called an ABC-Automated Blood Count blood test.– Some labs refer to it as the CBC-Complete Blood Count   I put together a list of what exactly they will be testing for, so you can get the best results.  If you have any questions do not hesitate to leave a comment. Blood Pressure Blood pressure is the force applied by circulating blood on the walls of blood vessels.  High blood pressure increases the risk […]

Life Insurance Rating Categories

by Scott G on December 4, 2012

Post image for Life Insurance Rating Categories

Life Insurance Rating Categories While price is one of the most important factors when choosing your company, make sure you look at the financial ratings as well.  The financial-strength ratings measure the insurance companies’ ability to pay out claims.  You want to go with a company that will be able to pay out the claim promised in the policy. You can see the A.M. Best rating for the companies using this quote engine.  A.M. Best is the leading rating service. Here are the top 15 rating categories for the leading rating services.   A.M. Best Fitch Moody’s Standard & Poor’s […]

Post image for 20-Year Term vs. 30-Year Term-Which One To Choose?

20-Year Term vs 30-Year Term Life Insurance I recently had a client who was deciding between a 20-year level term and a 30-year level term policy.  He was in his late 30’s, married, 2 young children with 28 years left on the mortgage.  He ultimately chose the 30 year term, and now he’s was very happy knowing his young family will be protected for the next 30 years.  Choosing the correct term is going to come down to answering the right questions and on how much more money you want to spend on a policy. Check the rates today! Here […]

Post image for Applying for Life Insurance Under 50 vs. Over 50

Life Insurance Under 50 vs. Over 50-Do Premiums Substantially Insurance Once You Turn 50? Life insurance rates are based on life expectancy and not a specific birthday. Let me show you an example: A 49 Year old male applying for a $250k 10-year term life policy with Protective Life at the preferred rate class will pay $34.23 a month. That same policy with Protective will cost $37.24 at 50 years old. As you can see the rate goes up at age 50, but not by a lot. (It’s about the same % increase from age 50 to age 51.)  The […]

Post image for Top 25 Life Insurance Company Rankings 2016

The Top 25 Life Insurance Companies In America 2016 The Top 25 Life/Health Writers Ranked by Highest Value of Admitted Assets     These 25 life & health insurers led the pack in terms of 2011 admitted assets. ($ Thousands) Compare rates from the top companies Logo            Rank            Name                          Website          A.M Best Rating  Admitted Assets 1. Metropolitan Life & Affiliated Cos Group MetLife A+ (Superior) $612,890,473   2 Prudential of America Group Prudential A+ (Superior) $424,102,613   3 Manulife Financial Life Group John Hancock  A+ […]

Will Macular Degeneration Affect My Life Insurance Premiums? Macular degeneration or Age-Related Macular Degeneration is a disease that gradually destroys the macula and central vision.  There are some treatment options for wet AMD, which can delay the progression of the disease.  My grandmother unfortunately has AMD and has received some of the treatment options that are available.  It has helped delayed the progression of her vision loss, but it is by no means a cure. The good news as far as purchasing life insurance with this disease is that this macular degeneration will typically not affect your life insurance premiums.  […]

Post image for Life Insurance Rates & Eligibility with Tachycardia

Life Insurance Rates & Eligibility with Tachycardia Tachycardia is typically defined as a heart rate that is greater than the normal range, over 100 beats per minute.  The good news for those with Tachycardia, is that this condition may not negatively affect your premiums.  If your elevated heart rate is less than 110 then you still may be eligible for the best rating class. Other factors the underwriters may look at to determine your rate class with Tachycardia are: *Are you taking any medications for the Tachycardia? *Ever been hospitalized for Tachycardia? *When was your diagnosed with Tachycardia? *Any other health […]

Post image for Should You Buy The Additional Life Insurance From Your Employer?

Work Life Insurance Low Down   Today I wanted to go over a decision that most people have to make either during open enrollment and or when their individual life insurance expires, and that is; Should I purchase additional life insurance from my employer?   Extra Life Insurance Through Your Employer Most employers will give you a nominal amount of life insurance for free or at a very low cost.  It’s typically 1x your salary or more or a little less depending on your employer.  You should definitely take that.  It’s free or almost free, that’s a no-brainer.  You typically […]

AIG Direct Review

by Scott G on November 12, 2012

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AIG Life Insurance Review American International Group, Inc. (AIG) the multinational insurance company that was famously bailed out by the Federal Reserve in 2008, announced Sunday of further rebranding and use of the AIG name for its core insurance units. The ill-fated decision made by AIG to expand into the credit default swap market caused the company to collapse.  AIG then received a total of $182 billion in bailout funds, making it the largest federal bailout in U.S. history. However, the company is quickly shedding its stigma from the 2008 financial crisis and has returned to profitability.  Fast forward 5 […]

Post image for How Will Being on a Statin Medication (Like Lipitor) Affect My Life Insurance Premiums?

Applying for Life Insurance While on a Statin Medication   Stain medications are among the most prescribed drugs in America. Statins, such as Lipitor, work by inhibiting a substance your body needs to produce cholesterol.  Fortunately, there are many life insurance companies that will not penalize you for treatment of high cholesterol. Rather than looking at the treatment for elevated cholesterol, certain companies will use your actual cholesterol numbers in determining your rating class.  Since each life insurance company has different cholesterol underwriting guidelines, it’s best to tell the agent upfront of your last cholesterol numbers. The Final Word for […]

Post image for Top 5 Reasons Why Procrastinating May Cost You More Money In 2013

Here are the top 5 reasons why you need to stop procrastinating when it comes to purchasing life insurance 1.  You love your family members and want to protect them.  As the old adage goes, “there are only two things in life that are certain: death and taxes”.  Life insurance can offer protection you with respect to one or even both of these certainties.  Life insurance replaces income that you would have earned and protects your spouse and children’s financial future.  Also, it can protect your heirs from estate taxes, for those who are subject to them.  Life insurance protects […]

Post image for How Life Insurance Can Preserve Your Estate and Legacy

Estate Preservation with Life Insurance Contingent on your net worth, leaving a large inherence can be problematic to your heirs if you are subject to estate taxes (federal or state).  A good portion of your assets could be going toward taxes instead of to your beneficiaries.  In addition to estate taxes, your heirs may need time to liquidate your estate so they are not forced to do a “fire sale” of your assets if you were to suddenly pass.  An effective tool many wealthy individuals now use to combat this estate planning issue is life insurance.  By purchasing life insurance […]

What is Life Insurance?

by Scott G on October 29, 2012

Post image for What is Life Insurance?

So exactly what is life insurance?   One of the best definitions that I came across was from Wikipedia.  It defines life insurance “as a contract between and insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.” en.wikipedia.org/wiki/Life_insurance.  This basically means if you pass away the life insurance company has to pay the out the money to your beneficiary.  A life insurance policy is a contract, so generally as long as you aren’t subject to one of the exclusions (typically there are 2 […]

Post image for What is the Difference & Costs Between Term Life Insurance vs. Universal Life Insurance

Term Life Insurance vs. Universal Life Insurance There are many kinds of life insurance but generally they will fall into two types; term life insurance and permanent life insurance.  For an explanation of life insurance you can check out What is Life Insurance? Today, I wanted to explain in simple terms, excuse the pun, the difference between term life insurance and permanent life insurance, specifically universal life insurance (or UL for short).  Also, I’m going to show  you an example of the premiums (payments) for each policy. Term Life Insurance Term life insurance is inexpensive in comparison to permanent insurance, […]

Post image for What If My Life Insurance Company Goes Out of Business?

My Life Insurance Company Goes Out of Business? A common and legitimate question a consumer may ask when shopping for life insurance is, “What if the company goes out of business or is unable to pay a claim?” The good news for consumers is that the life insurance industry is heavily regulated and monitored. Thus, large scale life insurance companies’ insolvencies have become rare.  Also, if you chose a highly rated insurer by an independent rating agency such as AM Best or Standard & Poor’s, then the odds of misfortune go down even further.  As a measure of security, each […]

Post image for What is the Difference Between Accidental Death and “Regular” Life Insurance?

Accidental Death Insurance vs Life Insurance   There is a huge difference between owning an accidental death policy (also called accidental death and dismemberment policy if the policy includes living benefits) and having a standard “life insurance policy” such as term or permanent life insurance. Accidental death policies only pay out the death benefit you if you die as result of an accident. Typical classifications of accidents include but are not limited to: auto accidents, poisonings, falls, fires and chocking. Deaths from natural causes such as heart disease, cancer and old age are not covered under an accidental death policy. […]

Post image for Synthroid and Life Insurance Rates

Synthroid Life Insurance Millions of people in the United States have thyroid diseases.  And it’s more common in women than in men.  So it isn’t unusual that I speak with someone who is being treated (typically with Synthroid) for a thyroid condition when applying for life insurance. What is a Thyroid Disorder? Diseases of the thyroid gland can result in when either the body produces too much thyroid hormone which is called Hyperthyroid, (over active thyroid) or where the gland does not make enough hormone called Hypothyroid (under-active thyroid). Let’s start with Hypothyroid (under-active thyroid) since it is more common.  The […]

Post image for Life Insurance Inspection Reports

Life Insurance Inspection Report   Sometimes life insurance companies, depending on your age and the face amount you are applying for, may request an Inspection report as part of the life insurance application.  This typically entails a telephone interview for 10-20 minutes, or for multi-million dollar policies, you may have to be seen in person, with an independent investigating firm.  The inspection organization will typically ask questions regarding but not limited to your; health, business, hobbies, habits, morals, and personal and financial information.  Depending on the policy, the questions can get quite detailed.  The reason why the life insurance company […]