Frequently Asked Questions

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 Two of the most common types of life insurance are term and whole life. Whole Life is a form of permanent life insurance that lasts as long as you live (assuming you pay the policy’s premiums.) It also includes a cash value account—a type of savings account that grows tax free over time and that you can withdraw from or borrow against while you are alive. Term life insurance, on the other hand, lasts only for a certain number of years (the term) and does not accrue any cash value. This is particularly important for Seniors to be aware of because of your age. If your term ends before you pass away, you are left without coverage at an age when health issues become more of a concern which may price you out of the market or too old to purchase insurance in many cases.

There very well may be short-term  advantages of getting group life insurance through your employer such as convenience, price and acceptance. However, some things to consider before settling into a complacent sense of security:  Group life insurance is often not portable. This means if you leave your job, you may not be able to take the policy with you. You might be able to convert your group policy to individual life insurance, but the price could go up significantly.  Coverage through work tends to be a type of term life insurance, and employers typically only work with one carrier. Therefore, you won’t find the range of policy options that you might find outside of work. Also, if your employer requires you to pay the premiums, most group life insurance policies go up either on an annual basis or every five years. 

It is our goal to place you with IMMEDIATE COVERAGE. Many Carriers on the market, especially some of the ones you see on television ads, place everyone on a two - three year waiting period - meaning that if you pass away in the first 2-3 years, your beneficiary will NOT receive the face amount you were counting on. It would only pay back the premiums plus a percentage on top of that back to the beneficiary.

The Carriers we represent, participating in State Regulated Benefit Plans are designed to be flexible and forgiving as it relates to health issues and more often than not, we are able to place you with an affordable carrier with immediate coverage. Only in a few cases, because of major health issues would we recommend a carrier offering a two-year wait. 

NO!

NO!

The overwhelming majority of our clients are on SSI and or fixed incomes. We work through multiple Carriers that participate in State Regulated Final Expense Benefit Programs which offer very affordable and favorable rates - meaning we search and find a plan that both fits your needs and tight budget.

Absolutely NOT. The State Regulated Final Expense Benefit Programs we work through will not require a medical exam for most policies up to $35,000. There is a Health Assessment, which consists of a of just a few basic health questions and a review of the medications you are currently taking.  Do not be intimidated, the Health Assessment is NOT used to disqualify you; it is conducted by the Underwriter to see WHERE you would qualify.