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Archive for category compare life insurance rates

Instant Dallas Life Insurance Quote

Nov 1

Posted by admin in compare life insurance rates | Comments off

I was just wondering what information may affect my instant life insurance quote online? What will be asked during my life insurance application?

Louise

Dallas TX

Louise,

If you are trying to purchase instant life insurance quote online, this will be based on the amount of time for the coverage and the amount of coverage that you need the amount of coverage and how often you plan to pay your life insurance premiums (monthly, quarterly, semi-annually, or annually). In addition to that, your instant life insurance quote will be affected by your rating class (Standard, Standard Plus, Preferred, or Preferred Plus). This rating class is determined by your risk factor. The website you will be using to find for your instant life insurance quote will provide information or some kind of tool to assist you determine your rating class so you will not have to worry if you do not know your rating class.

The information you will be asked during your application for an instant life insurance quote online is personal information such as your gender, age, height, weight, tobacco use, and your location (the database needs to know life insurance policies available to people in your state).

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Universal Life Insurance Dallas Texas

Oct 22

Posted by admin in compare life insurance rates | Comments off

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?

Oct 5

Posted by admin in compare life insurance rates, Term Life insurance | Comments off

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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Extreme Sports Life Insurance Austin Texas

Aug 13

Posted by admin in compare life insurance rates | Comments off

I do extreme sports for a hobby will I be able to get Life Insurance?
Sam
Austin, TX.

Sam
Many thrill seekers like to engage in extreme sports. Some common extreme sports include, skiing, snowboarding, skateboarding, dirt biking, hang gliding, mountain climbing and scuba diving. Other more extreme sports are bungee jumping, parachuting, and hang gliding.
Insurance companies are not all or nothing in their regulations. For example, most people do not regularly participate in the more novel extreme activities like bungee jumping and parachuting. Those activities are generally reserved for milestone events such as birthdays or anniversaries. In other words, premiums are not going to be affected by trying something once.
To be fair, most life insurance companies will charge a flat extra on your premium to cover the risks incurred for regularly participating in extreme sports and activities. This flat extra will usually double the average rate. As you get older, however, your rates could nearly triple as age is always a factor in underwriting policies anyway. As you age, most people start slowing down in any regular extreme sport participation.
Excellent Question.

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Comparing Life Insurance Dallas Texas

Jul 11

Posted by admin in compare life insurance rates | Comments off

What is the difference between Whole Life Insurance and Term Life Insurance?

Morgan

Dallas TX.

Well Morgan,

With Term Life Insurance it provide a certain amount of coverage for a set number of years. Your premium never changes with in that time frame.  Usually this type of life insurance policy has a lower monthly cost .  In the event of your death, the policy pays your beneficiary the amount of the policy.

Where as Whole Life Insurance pays a death benefit whenever you die — even if you live to 100.  The premiums tend to be more expensive in order to make up for the increased length of coverage.  These policies can also allow for a cash accumulation which is available for the policyholder to withdraw after a certain time.

Which insurance policy is right for you? That depends on your situation. Term Life insurance is great for young adults that have mortgages and other debts. Thsi will cover you if you are the breadwinner and something happened to you untimely death.

Whole Life Insurance is more expensive to cover the length of the policy. And is usually used in addition to other retirement plans they may own.

Hope this helps in your decision and thank you for asking a great question.

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