“Non Med” Life Insurance

Many people defer getting life insurance because they don’t want or have the time to get a medical exam. There are now companies that offer no exam to purchase life insurance to almost every individual.  You can be approved for this life insurance whether you are healthy or not.

Most insurance companies now offer “no exam” life insurance and prices have become very affordable especially for individuals that have minor health conditions. If you’re not looking for a rather large death benefit then “no exam” life insurance may be a good choice.

You can get quotes by contacting our office or simply getting them on our website. There are several non medical products to choose from, so you can then choose the company that best suits your needs.

When you do decide on a policy there will be some documents for you to sign. One of these will be a medical form in which you’ll be asked specific questions regarding your medical history. It’s vitally important that you are as accurate as possible (and scrupulously honest) when responding to these questions. If you do pass away from a pre-existing medical condition that you didn’t divulge on your medical form, then your insurance policy may be void and your benefactor(s) won’t receive anything. “Non medical” products are a fast, convenient and hassle-free way to get the coverage your family will need in the event of your death.

For help selecting an insurance plan that is right for you, call us at 800.910.9205 or complete a short application online at http://www.admaric.com/quote.html

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Purchasing Life Insurance Online

Of course you want the very best for your family if something happens to you. However, you may not have enough time in your schedule to visit the office of a life insurance agent. This is where buying a life insurance policy online comes in handy.  Like most other things in the world, you can purchase life insurance online. This is rather easy to do and can save you lots of time in the process.

You’ll first need to determine how much coverage you want/need and can afford. (The more coverage you want the higher the premium.) Stay within the limits of your budget in this area. It may seem appealing to have a huge death benefit for your loved ones, but that will do very little for them if you cannot afford the premiums.

Purchasing life insurance online is just like purchasing from a live agent. You will need to answer multiple questions about your personal history and health. Every company’s application process is slightly different, so be prepared to spend a fair amount of time on the phone.

Even though you are buying life insurance online, you may still have to take a physical exam, depending on the product purchased. The life insurance company does this to protect their interests in case you are not telling the truth about your health situation.  You may also be unaware of a medical condition affecting your health. For those who do not want to take an exam or who may have health issues that preclude them from qualifying for a regular policy, we offer “no medical exam” products as well. “No medical exam” products tend to be higher priced because of the increased risk that the life insurance company assumes for insuring you without checking your health status.

Purchasing life insurance online is very safe as long as you stay with the more reputable companies. We are appointed with all “A” rated or higher insurance companies. You will be dealing with an agent in regards to the life insurance rather than with the life insurance company itself.  Life insurance companies rely on agents to sell policies for them.

Life insurance can be rather tricky and hard to understand and you should ask questions of your agent before agreeing to a policy. Most online life insurance companies have people available during normal business hours to answer all of your questions.

Browse the Internet and you will see that there are more than enough companies to meet all of your life insurance needs online. Just be sure that you make a wise decision when it comes to the policy. You will want to make sure that it offers all the coverage you need at a price that will fit well into your budget. Read the fine print to make sure that you are getting exactly what you need.

For assistance selecting a life insurance policy that is right for you and your situation, call us at 800.910.9205 or complete a quick online application at http://www.admaric.com/quote.html and one of our friendly experienced agents will be in touch with you.

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Term Life is cheaper than Permanent Life Insurance

If you need life insurance but don’t have the budget for pricey permanent insurance, you will most likely wish to purchase basic term life insurance. Term life insurance is much less expensive than permanent insurance, because permanent insurance accrues financial value. An easy way to understand term life insurance versus permanent life insurance is to compare them to renting and owning a property.

Both rent payments and mortgage payments provide you with shelter, but only mortgage payments accrue value that you can later borrow against. Naturally, mortgage payments tend to be higher than rent payments on equivalent properties. The same holds true for life insurance policies: because you can eventually take money out of your permanent life insurance policy, the premiums will cost more.

So the best way to find cheap life insurance is to buy term life insurance, or to supplement your modest permanent plan with a larger term plan. Admaric can help you find cheap term life insurance that can fit comfortably within your budget. You may be surprised to learn just how inexpensive term life insurance can be! When you compare life insurance premiums to those of many other types of insurance (especially car and health), they seem particularly affordable.

Paying for life insurance will probably cost a mere fraction of what you spend on cable TV or your cell phone each month, yet it’s so much more important! Consider: if you should die before your term expires, will your dependents benefit more from a term life insurance policy or a better cable plan? Call 1-800-910-9205 for quotes on cheap term life insurance, or go to http://www.admaric.com/quote.html and complete our online application.

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Term Life Insurance that fits the budget and meets your needs

By purchasing affordable term life insurance from Admaric, you can ensure that your family’s needs will be met even after you’re gone. Term life insurance policies can cover a wide variety of expenses, including mortgage payments, college tuition, and even a continuing income for your family. We offer clients a choice of the very best policies from the nation’s top carriers, and find clients the most affordable term life insurance rates available.

Another reason so many savvy insurance shoppers choose Admaric is our ability to expedite the application process. In less time than it takes many other brokerage firms to take a first pass at your application, Admaric can get back to you with multiple free quotes. Your information is securely reviewed and then matched with carriers whose policies best fit your own individual needs. It’s a truly customized process, but it’s also incredibly speedy for your convenience.

With affordable term life insurance, you can protect your family’s future and your own peace of mind. We understand the need to strike a comfort level between what you can afford and what kind of security you want for the future. To receive a free quote on affordable term life insurance over the phone, please call 1-800-910-9205.  Or, complete the online form at http://www.admaric.com/quote.html and someone will be in touch with you to discuss options.

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Why does every Life Insurance quote vary in price?

Making a decision on life insurance can be tricky business for many people. The fact of the matter is that this is one of the most confusing areas for people when they are making plans for the future and one of the biggest issues that they have is the life insurance quote. So how do you understand such things and still remain sane? There are some things that you should take into consideration which will clue you in to the way that life insurance companies think and offer quotes.

You should understand that a life insurance quote is not a guaranteed price, but more like a basic line for you to determine the basic price structure. Life insurance companies are not bound by the quoted price or terms because the quote comes before any of the information that they require has been verified. Before the company issues the insurance they must ensure that you are telling the truth with all the information you have provided. Insurance fraud is huge in this world and they have the right to protect themselves just like the rest of us. Quotes from different life insurance companies vary in price, which is extremely common with every kind of insurance policy that is written. Every life insurance company uses a different formula to determine the risk factors that they would be undertaking when giving someone life insurance.

Some of the factors that are included in a life insurance company’s decision are:

  • Health issues.
  • Gender of the applicant.
  • Driving record.
  • Applicant’s Date of Birth.

This is a very short and simplified list of factors, but it contains some valuable information when it comes to life insurance. Most of the time if the person is younger with a safe job and good health they will receive a better price on a life insurance quote.

To speak with an agent who can help you determine the best life insurance for your needs, call 800.910.9205 or complete the application online at http://www.admaric.com/quote.html

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Where do you get the best life insurance for cheap?

Question: I want to get best life insurance for myself. What’s a good website and with reasonable prices?

Answer: The best life insurance for you depends on what your goals are and what you want your life insurance to accomplish for you and your family.

The most affordable life insurance is usually TERM life insurance, which is the cheapest type of life insurance coverage.

Term life insurance is lowest in price because term life is temporary life insurance for up to 30 years, or until you reach age 65 or 70.

In addition, term life is not an investment; it doesn’t build any cash value inside the policy, but you do get pure life insurance protection, which covers illness and accident.

The way to find the most competitive rates on your term life insurance plan is to compare multiple rates and policies from several highly-rated life insurance companies.

You can compare rates on this website; just go to the tab that is labeled “Get a Quote” (or click here). Just answer some basic questions and you’ll get instant life insurance quote comparisons with no obligation.

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Why do parents have life insurance policies on children?

Question: I thought life insurance was supposed to be for parents or a major breadwinner in the family, so if something were to happen to the breadwinner the family would be okay financially (i.e., not lose a house etc.)  If that is the case then what is the purpose of life insurance for children? Just to cover the cost of burial?

Answer: There are several benefits to purchasing a life insurance policy on a child, even though children are not typically major breadwinners in a family.

By way of background, child life insurance plans are usually priced very economically relative to policies for adults since children usually have a longer life expectancy than adults.   This means that purchasing a life insurance policy for a child is not likely to cost much and if you purchase permanent life insurance then the bulk of your premium will be invested rather than paying for insurance.  Over time, the accumulated cash value can become substantial.

In addition, child life insurance plans may offer several benefits, including:

  1. Providing money to pay for your child’s funeral and final expenses. God forbid your child should die prematurely, the last thing you need to worry about in your time of grief is how to pay for a funeral.
  2. Building cash value inside the life insurance policy over time. Financial experts agree that consistently saving and investing modest amounts of money over long periods of time is a sure-fire way to create wealth.  A properly structured life insurance contract can help you get a very early start on this for your child, helping to ensure a life of financial stability and peace of mind.
  3. Guaranteed life insurance for your child when he/she becomes an adult. Just because your child is in good health now doesn’t mean that he/she will be in good health 20 years down the road.  By purchasing life insurance while your child is young, you typically have the option of increasing your child’s life insurance coverage when the child is older, even if the child develops condition(s) which would otherwise make the child uninsurable.
  4. The option for your child to increase his/her life insurance coverage when they turn 18 or 21. A smaller policy when the child is a minor can be converted to a bigger policy as the child reaches adulthood and approaches the time when he/she may become a breadwinner for a family.
  5. Your child may be able to take a loan from the cash value inside the policy at some time in the future. One of the great benefits of taking a loan from a life insurance policy is that loan proceeds are NOT TAXED, because they are not income!  Depending on the size and cash value of the policy, this can be a great way to generate tax-free income.

As you can see, even though children are not typically breadwinners for a family it can still be advantageous to purchase a life insurance policy for them.   Call 800.910.9205 to speak with an adviser who can help you determine the best fit for your life insurance needs, or start the process online at http://www.admaric.com/quote.html

Posted in Life Insurance for Children, Permanent Life Insurance, Q & A | Leave a comment