Speak with an experienced advisor! 415-294-5454 Speak with an experienced advisor! 415-294-5454Written by Scott W Johnson
Portability and Conversion are two options when you leave a group life insurance plan, such as an employer sponsored plan. Not to be confused with convertible term life insurance, conversion and portability are slightly different versions that results in vastly different outcomes. Portability allows you to take your term plan with you while conversion allows to you change the policy to a permanent one.
Written by Scott W Johnson
One of the more common questions that all life insurance agents get is How Long Does Life Insurance Last? Well there is no simple answer to this complex question. Whole, Term, and Universal life insurance all of have slightly different answers to this question. Add to this that several important conditions that must be met. After all a life insurance policy cannot last any longer if the yearly premiums go unpaid – right? Whole contracts typically will last until either the policy end date (which may be 100 or 120) or your entire life.
Written by Scott W Johnson
Shopping for Life Insurance with COPD can be a big let down. Although easy to get quotes, most of the term quotes that you see will not pertain to you. Our article – Life Insurance with COPD is all about how to shop and save on term life insurance when you have this impairment. COPD can be similar to asthma in many ways when shopping for term quotes, but there are real differences. Read our COPD guide.
Written by Scott W Johnson
The best life insurance for a thirty year old is distinct and different from the amount of life insurance that others might need. A simple affordable term policy make be your ticket to financial freedom. Thirty year old consumers can be in vastly different stages of their life and that is why its so important to assess where you are and where are going. Do not make the classic error of not purchasing level term life insurance because you think you are too young to do so.
Written by Scott W Johnson
The best life insurance for young adults is the policy is for those that actually need the insurance and is provided at the lowest cost, with the highest rating, with the most amount of life insurance coverage (for the dollar.) How much and what type of life insurance that you need greatly depends on your life stage. Are you a new parent, graduate student, still living at home, college student, first job? All of these life stages likely have differing quantities and dollars of life insurance needed.
Written by Scott W Johnson
There are two types of Whole life insurance contracts: Participating and Non Participating. Neither is necessarily better and both have benefits and drawbacks. In this short article we review one of the forgotten options of whole life insurance- Non Participating Whole Life. Non par policies receive no policy dividends and are hence often less expensive. Another great benefit of these contracts as opposed to par policies is the ease in which someone can shop for them.
Written by Scott W Johnson
What is preferred plus pricing? Preferred Plus is the highest of the standard health classes for term and whole life insurance. Preferred Plus is the best pricing (lowest price) that consumers can qualify for. Consumers that do qualify for this best in class price, would do well to stock up on the most amount of insurance that they can afford to buy at that time. There are so many benefits to this health rating class that it can difficult to summarize them all.
Written by Scott W Johnson
What is an Annual Premium? Sometimes also called an Annualized premium, it is a mode of payment for various forms of insurance, including life insurance. There exists differences with the modes of premium payments allowed with different types of insurance, such as business insurance and personal property insurance. In the world of life insurance, the annual and monthly payment modes are typically the most popular option.
Written by Scott W Johnson
Infinite Banking generally defined as a financial concept whereby consumers buy dividend paying whole life insurance policies and use the policy contract as your bank. Use it for mortgages, auto loans, etc. Rather than using a typical FDIC insured bank, why not take out a loan from yourself? Sounds like a great concept right? The issue is that numerically speaking this is rather hard to do, especially with whole life raters where they are today. Read our short post about the concept of infinite banking and bank on yourself to consider all aspects…
Written by Scott W Johnson
The American International Group, abbreviated AIG, has a terrific term life insurance option for Stay at home parents (Dads and Moms!) If you are a stay at home parent, a non working spouse, then you may be limited to buying the appropriate amount of term coverage that you and your family require. AIG has great and useful limits in this regard and AIG is often our go to carrier in these situations. AIG also offers very fair pricing.