Term Life Insurance Digest

If you want to see smokers life insurance rates from all of the different life insurance carriers, check out Wholesale Insurance.  Their website is very easy to navigate and it makes getting life insurance quotes easy.

If you are a smoker, your life insurance rates will be higher than for someone just like you that doesn’t smoke.  Life insurance rates are determined based on your life expectancy, and smoking is one of the things that statistically shortens your life expectancy.  That’s why life insurance for smokers is so much more expensive.

There are many great companies in the life insurance marketplace.  One of the ones I like the best is Genworth.  Formerly known as First Colony, Genworth is a G.E. company and has a lot to offer its clients.

One of the best ways to see if Genworth is right for you is to speak with an independent life insurance agent that is licensed to sell life insurance policies from many carriers.  They will be able to evaluate your situation and place you with the carrier that is best for you.  It may be that Genworth is the one you should go with.  If that is the case, then you can rest assured that your life insurance provider is one you can trust.

If you are interested in seeing recent life insurance statistics, Wholesale Insurance has an interesting article.  One of the things I found most interesting is that there are roughly six million households (ten percent of households with children under 18) that have no life insurance coverage at all.  For a life insurance agent, this is worrisome.  As a parent, I would think the most important thing you can do is provide for your family.  If you have young children and no life insurance, then there is no safety net or protection in place for your family.  Life insurance is a very selfless gift, but it is one that your family will be very thankful for if they ever need it.

If you have medical conditions and need life insurance, you may need to look for someone who has experience with impaired risk life insurance.  This type of insurance needs more expertise because it is harder to get.  Being an impaired risk means that the life insurance company takes extra risk to insure you, because you have a higher potential to die.  The folks at Wholesale Insurance have a lot of experience with this type of insurance.  If you need information or want to know how much insurance would cost for you, give them a call and they can help you figure it out.

If you are a senior and looking for a way to protect your family or estate, then you should definitely look into senior life insurance.  Most people don’t realize that life insurance does more than just provide a death benefit.  In estate planning cases it can be used to transfer wealth to your heirs without having to pay huge losses in taxes.  It is definitely something you should look into, but make sure you deal with an agent that has estate planning experience.  There are many types of policies and products in the life insurance market that inexperienced life insurance agents may not understand or even know about.

Return of premium life insurance is an excellent idea.  It is more expensive, but if you live for the full term of the policy then all of your premiums are returned to you.  This can be an excellent way to invest your money if you get a longer policy.  The 30 year return of premium life insurance policy will promise you an okay rate of return on the difference in price between the regular term life insurance policy and the return of premium life insurance policy. You could invest it somewhere else, but anyone getting a term policy should at least consider getting a return of premium policy.

Mortgage life insurance is a type of life insurance that is purchased to protect your home in the case of your untimely passing.  It can be any type of life insurance policy (term, universal, whole), but it’s main purpose is that of protecting your home, or covering your mortgage in case you die.

Many people do not get this type of life insurance, and it is horrible when a death actually does occur and the breadwinner is no longer around to help pay off debt.  Mortgage life insurance is a simple way to offer a lot of protection for your family.  If you have a mortgage and do not have life insurance coverage, please consider getting some.  It could be a gift like no other that you could offer your family.

Well I just accepted a position as the marketing manager for a life insurance brokerage general agency.  I’m really excited for the opportunity that I have to look at marketing from all different sides.  We don’t have a huge marketing staff (it’s mostly just me), so I will be able to see projects through from beginning to end.

I also just read an article that reminded me why life insurance can be so important.  I am a licensed agent, but I’ve never had to deliver a death claim to anyone.  The article I read talked about a life insurance agent that worked with a lot of employees from the same company.  That company was located on the 104th floor of the World Trade Center.  Many of his clients died after 9/11, and he was able to help the families of those men and women that perished in the terrorist attack.  He said it profoundly changed the way he viewed life insurance and how important it actually is for people.

There are certain policies that do not require the taking of a medical exam.  They are called no medical exam life insurance.  These policies generally cost more than other policies, but if you do not want to take medical exams, then this type of policy is definitely for you.  You can compare rates for this type of policy online at different sites.  At Wholesale Insurance, you can compare multiple no medical exam life insurance policies from the same screen.  I suggest giving them a try.

I just received notice that Mutual of Omaha Life Insurance Company has lowered their term rates for policies with terms of 10, 15, 20, or 30 years.  To compare current rates go to a life insurance website and run a quote.  This way you’ll be able to see how the market for you has been affected.  Term life insurance rates are constantly in a state of flux.  Most companies adjust their rates mutliple times a year.  If you are applying for term life insurance today, then you should make sure you compare life insurance rates from all of the top life insurance companies.