Life insurance is one of the insurance products sold that you need to “qualify” for. After an application is received it is reviewed by an underwriter, (there are some limited life insurance policies that do not have medical underwriting, you will pay a “higher premium” because this is a higher risk to the insurance company.The underwriter then determines which tier your health qualifies for: Preferred,Standard or Sub-Standard.(insurance companies have different names for these tiers)

If you die in the first two years, the discovery period allows the insurance company to review the circumstances of your death before a claim is paid. If you suffered a heart attack, and indeed had been treated for heart disease and didn’t disclose this on the application, the insurance company can refund all premiums paid and not pay out the death benefit.

If you do not have life insurance on your life (and we are all leaving this life at one time or another), please consider the purchase of life insurance.

We buy life insurance because we love our family.

Insure your love.

With families continuing to struggle financially, life insurance is a life-saver. Most families recognize the need for life insurance but aren’t sure exactly how to shop for and purchase life insurance.

Years ago, announcements ran in the newspaper of births and marriages. Life Insurance Agents would contact families experiencing these life changes and discuss life insurance with them.

In the 21st Century, these are relics of days long ago.

The National Association of Insurance and Financial Advisors (NAIFA) lists member life insurance agents who uphold their code of ethics on their website.

I am one of the Agents who belong to NAIFA (listed under zip code 84095) and can be reached at 801.748.0500.

LIMRA,( an industry organization) conducts studies every 6 years on the amount of life insurance households have. They have found that only 44% of US Households now own individual life insurance. 11 million fewer househoulds tha in 2005.

Many consumers have limited life insurance through the workplace. However, with job uncertainty and the ease with which young earners change jobs, life insurance may not be a covered benefit, and there could be a gap in employment. It is critical that consumers own a life insurance policy outside of work.

11 million American households with children under the age of 18 have no life insurance coverage.

Surveys show that households with children would have trouble meeting their financial needs if the primary breadwinner were to die. In many cases there are 2 parents working and both of the incomes sustain the family.

Do consumers know how to buy life insurance?

Yes, you can purchase life insurance on the internet, but there are terms such as: accelerated death benefit rider, critical illness rider, contingent beneficiaries, waiver of premium rider, level term and whole life.

A Life Insurance Insurance Professional can explain the terms and help you to purchase the policy right for your situation.

A life insurance policy provides cash at a time when money is needed for funeral expenses, medical bills, and debts.

Do you own a life insurance policy?

Are you counting the policy you “have at work”? You’ll have to die while employed at your current job for it to pay out.

Most Americans change jobs every 3-5 years. You could be in between jobs and be without life insurance.

We can help you with affordable life insurance to protect those you leave behind.

Don’t wait.

Reserves have declined for some carriers which will require them to raise insurance premiums to rebuild reserves.

Some analysts predict about a 10% increase in 2012. Rates have declined for several years now and insurance companies will tighten up underwriting guidelines, get out of some lines of insurance and raise rates.

About 35 million Americans today neither own a life insurance policy on their lives or are covered through a life insurance plan at their job.

In 2004 it was 24 million families who did not have life insurance.

People die every day from illness, trauma, & accidents.

Families need the protection that is afforded by life insurance.

BUY LIFE INSURANCE FOR THE ONES YOU LOVE

Insure Your Love

A long time client called with the bad news that her husband had passed away following cancer treatment and some surgeries for an injury. There was no life insurance benefit.

I first met this couple nearly five years ago.  Life was good for them, they had jobs with group benefits, he was a fire fighter, she was an office manager.  I asked them what type of life insurance program they had in place.  ” We have life insurance through work, ” they said.  ” We don’t need life insurance”.

Fast forward a few years:  job changes, cancer treatments, surgeries, umemployment.  

 A medical discharge from the Fire Department. 

 Neither had a job and neither had life insurance.

You need to own a life insurance policy because very few people die when they are employed. 

We die when we are retired, unemployed, or disabled.

Please plan ahead. 

Take care  of your family and buy life insurance in 2010.