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Archive for October, 2008

Cancer Life Insurance Policy Dallas Texas TX

If you have been diagnosed with cancer when is the best time to purchase cancer life insurance policy?

Jason

Dallas TX

Jason,

There is no specific time frame for those that have been diagnosed with cancer to get cancer life insurance policy. When looking for a life insurance provider, the cancer victim will usually be asked with the size of the cancer or tumor, the location of the cancer or the cancer stage. If the cancer victim is currently in the middle for cancer treatments, the chances of getting life insurance is usually slim. After cancer treatment, though, depending on the outcome of the treatment, radiation or chemotherapy many life insurance providers will determine qualifications for the cancer survivor on a case to case basis.

Nowadays there are many cancer related organizations who aims to provide guidance for cancer patients. This guidance does not have to focus on treatment. If you are trying to purchase cancer life insurance policy the best thing to do is to shop around for various life insurance providers to get reasonable cancer life insurance policy rate.

Cancer Life insurance policy not only provides income for after life expenses but a bit of relief about surviving cancer and being ready if the cancer comes back in the future.

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Universal Life Insurance Dallas Texas

What are the advantages or disadvantages of a Universal Life policy?

Tara

Dallas,TX.

Tara,
Universal policies unnecessarily lock you in. You’re committed to paying a high annual premium. For instance, the annual premium on one million dollars of universal life for a healthy, 45-year old non-smoking male is around $8,000. That’s $8,000 each year—for the rest of his life.

On the other hand, the annual premium for one million dollars of 20-year term insurance is about $1400. That’s a difference of $6,600 each year. With universal insurance, most of that additional premium builds the cash value of the policy. But because of administrative and other fees, the amount added to your cash value each year is reduced. By the way, has your agent mentioned there is a way to buy no-load universal life insurance?

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Comparing Life Insurance Rates in Plano Texas?

What are the differences in Whole Life Insurance and Term Life insurance?
Fred
Plano, TX.
Fred,
Before you decide to buy whole life insurance over its counterpart, Term Life Insurance, it is crucial for you to understand the basics about Whole Life Insurance in Texas.
The first type of whole life insurance is non-par or non-participating, whereas the second type is participating. The major difference between these two types of policies is that you cannot change them. In terms of a participating type insurance, the insurance firm will share the dividends with you.

Great Question.

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