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Banner Life Insurance Company has recently decreased the rates of their term insurance policies.  Banner Life has always been a competitor for term life insurance.  If you are interested in getting a free term life insurance quote to see how Banner stacks up against other well-known companies, then I suggest you visit Wholesale Insurance and use their automated quote engine.  You can see instantly how each company compares to the others.

A graded benefits life insurance policy is one in which the death benefit is not wholly guaranteed until the policy has been in effect for a specified period of time (normally two to three years).  This type of policy is normally associated with guaranteed issue life insurance or simplified issue life insurance policies.

One of the these policies is the Presidential Life Insurance Company’s Graded Benefits Guaranteed Issue policy.  This policy does not require any medical exams or tests, and has no underwriting criteria except for one.  If you live in a long-term-care facility you do not qualify.

If you are interested in seeing rates for this policy, you can find a quoter on the Wholesale Insurance website.

A lot of people get mortgage life insurance mixed up with private mortgage insurance, or PMI.  PMI is a type of insurance that protects your lender.  You normally need to have this type of insurance until you have paid off 20% of the mortgage.  After that, PMI is no longer required.

Mortgage life insurance is life insurance purchased to protect your family and your home in the case of your unexpected death.  The death benefit is provided to your beneficiary, and they can then use the money to pay off the remaining portion of the mortgage, or use it however they please.

I would definitely suggest getting some type of mortgage life insurance.  It doesn’t have to be a term policy, or even a policy purchased solely to cover the mortgage.  Most financial service professionals would suggest that you evaluate your entire financial situation and then get adequate coverage that will work for all of your needs.  I would tend to agree with that advice.

If you own a business, you need to think about key man insurance.  Now it’s possible that your business has no key employees, but if it does, then key man insurance is something you should consider getting.  Here are five reasons why key man insurance should be a priority for you:

1. Your business is your livelihood.

2. Your business provides a livelihood for all of your employees.

3. You provide an important service to your clients, and if your business failed, they would have to go elsewhere.

4. You enjoy what you do and hope to be able to do it for many years to come.

5. It’s the smart way to protect your business.

If you can think of any other reasons why you should get key man life insurance, please let me know.  Hope you have an awesome day!

If you are a senior and interested in finding affordable senior life insurance rates, you need to give the folks at Wholesale Insurance a try.  They are really great to work with and have been working with seniors for years getting them the best life insurance rates available.  The best part also is that you don’t have to pay them anything, ever.  Let them shop your application for you to find you the best life insurance rates.  Then, if you are satisfied, you pay the life insurance company with which you decide to apply (not the folks at Wholesale Insurance.  They are a life insurance agency and will never ask you to pay them anything.)

Life insurance will be easy for you.  So give them a try.  I’m pretty sure you’ll enjoy working with them if you give them a call.

With the advance in technology that exists today, getting term life insurance quotes instantly is very easy.  There are many websites online that can get you these quotes and allow you to compare quotes from many companies at once.  This is important because the more companies you have to choose from, the easier it will be to make sure you are getting the lowest rates.The other part that is super important is making sure that you apply with an agency that knows what they are doing.  I cannot stress this enough.There are so many companies that all evaluate risk differently, you need to make sure your agent has access to the best ones, and that he knows where you can get the best rates.  The information is out there, but not all agents or agencies know all of the details.So, if you’re looking for affordable life insurance rates, then good luck.  And remember, even if you apply with someone, you’re not locked into the policy until you pay for it (and even then you can always let it lapse by stopping payment).

If you need life insurance that is guaranteed, with no medical questions or tests, then Wholesale Insurance has the policy for you.  On their site they have just put up a new guaranteed issue, simplified issue, final expense, and graded benefits life insurance quoter.  Now you can see if you qualify for all sorts of different simplified and guaranteed issue life insurance policies.  You should check it out if you’re interested.

So I know my last two posts were about mortgage life insurance (or mortgage protection insurance; either way works), but I was just thinking about how important mortgage protection can be.  It may seem like something small, especially nowadays (when it seems like the economy is struggling, etc.), but I have to stress that life insurance is important.  It’s not a tangible thing like a car or a home, but if you were to die, it could preserve those things for your family.  Without life insurance, when tragedy strikes, it’s even more likely that financial troubles strike as well.  I don’t want my family to have to worry about those things, and hopefully you feel the same way about yours.

Sorry to put any gloom and doom spin, but it’s just so important I felt like I had to mention it.

I just saw that the folks at Wholesale Insurance put up an article about mortgage protection insurance.  That’s funny, because that was what my last post was about.  In their article they talk about mortgage protection insurance, and they also link to other articles that give even more information about this type of insurance.  Like I mentioned in my last post, it’s important to remember that there are different types of mortgage insurance.  There’s PMI or Private Mortgage Protection (purchased to protect the mortgage lender) and then there’s mortgage protection insurance or mortgage life insurance, which is life insurance purchased to protect your home and your family if you were to die unexpectedly.  Check out the article to learn more.

Mortgage protection insurance is sometimes confused with mortgage insurance, or PMI (Private Mortgage Insurance).  PMI is a type of insurance that protects your lender if you default on payment.  It does nothing to protect your home or your family if something were to happen to you.  Mortgage protection insurance is also known as mortgage life insurance.  It can be any type of life insurance policy purchased to protect your home and family from financial crisis in the event of your untimely passing.  I would highly suggest getting mortgage protection insurance, or include that mortgage protection in a life insurance policy that takes your entire financial situation into account.