affordable life insurance

Affordable Life Insurance Rates – July 2017

Affordable Life Insurance Rates

Below you will find current affordable life insurance rates for

  • TERM LIFE INSURANCE,
  • GUARANTEED UNIVERSAL LIFE INSURANCE (a competitively priced form of permanent life insurance) and
  • RETURN OF PREMIUM Term Life Insurance.

These rates were obtained for MALE/FEMALE, non smoker, qualifying for the Best Health Category, and for face amounts of $500,000.

affordable life insurance

About Affordable Life Insurance Quotes

TERM LIFE INSURANCE – Use  our INSTANT LIFE INSURANCE QUOTE engine to obtain Term Life Insurance quotes. You will be able to find term life insurance quotes for maturities of 10, 15, 20, 25 and 30 years and others. You can also find term life insurance policies with maturities up to a certain age, such as “To Age 65 Level”; “to Age 90 Level”; etc. For a more detailed definition of Term Life Insurance, click HERE.

GUARANTEED UNIVERSAL LIFE INSURANCE (GUL)– If you are looking for permanent life insurance, GUL is the way to go. Select “to Age 121 Level (No Lapse UL) and you will find permenent life insurance rates for very competitive rates.. You can also search for affordable GUL life insurance rates using the INSTANT LIFE INSURANCE QUOTE engine. You will have life insurance protection until age 121 at an affordable price. “No Lapse”, by the way,  means exactly what it says, the coverage will not lapse provided that the premiums are paid as due. For details about what GUL is all about, click HERE.

RETURN-OF-PREMIUM TERM LIFE INSURANCE (ROP) – Return-of-Premium Term Life Insurance is term life insurance with a rider (at an added cost). What is does is return all premiums paid at the end of the term (10, 20, 30 years, etc.) if the insured is still alive at the end of the term and has paid all premiums as due and on time. Please, search for ROP quotes using our INSTANT LIFE INSURANCE QUOTE engine. For more details about ROP, click HERE.

Articles Related to Affordable Life Insurance Rates

We Can Help

Get in touch with us using our contact information as it appears below. One of our agents will help you find term life insurance quotes that best fits your personal and financial situation:

  • Toll Free Number: (888) 950-8376
  • Office Number: (786) 353-2528
  • Or, CLICK HERE

OSCAR G. SURIS

Florida-Licensed Life, Health and Variable Annuity Agent

Toll Free: (888) 950-8376

Office: (786) 353-2528

CLICK FOR NO-OBLIGATION LIFE INSURANCE QUOTE

return of premium term life insurance

Return Of Premium Term Life Insurance…With A Twist

Return Of Premium Term Life Insurance on Steroids!

Traditional Return of Premium Term Life Insurance is term life insurance where you pay a level (fixed) payment for a certain term (5, 10, 15, 20, etc., years) just as with regular term life insurance. However, when you purchase the Return of Premium rider, the insurance company will return all premiums paid if at the end of the term you are still alive and have paid all premiums as due.

The 10-10-10 Plan

AMERICAN GENERAL LIFE INSURANCE COMPANY, a member of AMERICAN INTERNATIONAL GROUP, INC., (AIG) has  come up with a variation of the traditional Return of Premium Term Life Insurance, where you can buy permanent life insurance guaranteed to age 100 with Chronic Illness benefits, where you can:

  • Pay premiums for 10 years;
  • Wait (not pay premiums) for 10 years;
  • Get your money back over 10 years – as a supplemental retirement income?

Hypothetical Example

Situation – George is 50 years old and looking for $1,000,000 of coverage for his family. He wants to provide life insurance for the benefit of his spouse well into retirement, but sees that need dropping as he approaches the latter retirement years. He is also concerned about the impact of a chronic illness on his retirement.

Solution – George pays $24,000 a year for 10 years. Then, he pays NOTHING, for 10 years. Then, he takes $24,000 a year out of the policy for 10 years (tax free) using a unique feature of the policy, namely, The Lifetime Income Solution! This withdrawal of $24,000 a year for 10 years will reduce the amount of life insurance coverage to $430,000.

Insurance Benefit – $1,000,000 to age 70; then, it steps down to $430,000 by age 80 and continues to age 100, guaranteed!

This life insurance policy is available now with AIG (American International Group, Inc.). GET YOUR PERSONALIZED NO-OBLIGATIONS RETURN OF PREMIUM LIFE INSURANCE QUOTE BY CALLING (888) 950-8376; OR CLICK HERE

You can obtain a consumer brochure about this policy/product by either:

  • calling our Toll Free Number (888) 950-8376;
  • or write to info@insuranceglobe.net;
  • or click HERE to view the brochure and also be able to download it by clicking DOWNLOAD on the page that will open.

Other Links Of Interest

family life insurance

Family Life Insurance

Family Life Insurance

While life insurance is mostly purchased on the life of the main breadwinner of a family, it is in fact the family of the breadwinner the one we must keep in mind when looking for family life insurance.

Family-Related Factors To Consider:FAMILY INSURANCE

  • How would your loved ones face the future without you?
  • Would their lifestyles and circumstances be the same?
  • Or would they deteriorate?
  • Would your family be able to pay the mortgage?
  • Would there be money for the children’s education?
  • And, what about the basics – would your family’s needs be met?

Sample TERM LIFE INSURANCE Rates

The life insurance policy that best meets your personal and financial needs can help provide the financial protection you need at a price you can afford. Below is an example of what the monthly costs might be for 10 years of level TERM LIFE INSURANCE.

Planning for your untimely death may feel strange, but knowing that you are providing for the security of loved ones when you are gone does not. In fact, you are going to feel good knowing that you are taking care of the most important people in your life – your family!

Making Sure You Select The Right Life Insurance PolicyFAMILY INSURANCE

Selecting the right policy for you and your family, is a process that should not be taken lightly. In fact, you should consult with a licensed life insurance agent to make sure you are making the right choice of life insurance. Just as an example, factors that need to be taken into account include:

  • Face amount of policy (HOW MUCH INSURANCE PROTECTION YOU WILL NEED)
  • Which insurance company to choose (an independent agent has access to most life insurance companies in the country)
  • Type of policy (TERMPERMANENT (GUL)RETURN OF PREMIUMWHOLE LIFE)
  • How much you can afford
  • What riders to get. Riders are amendments to the life insurance policy that provide additional benefits -sometimes at an added cost. The type, cost if any, and benefit offered by a rider do vary somewhat from insurance carrier to insurance carrier; however, they are similar and typically include the benefits outlined below:
    • Spouse Insurance Rider (the insurance company will pay additional benefits – as defined in the policy – in the event of the death of a spouse)
    • Accidental Death Benefit Rider (If you die from an accident the insurance company pays an additional benefit in addition to the policy’s stated death benefit)
    • Waiver of Premium Rider (you do not have to pay the premium if you are totally disabled and can’t work)
    • Disability Income Rider (you collect a regular income from the insurance company if you become totally disabled and can’t work)
    • Accelerated Death Benefit Rider (also referred to as LIVING BENEFITS, the insurance company will let the insured collect a portion of the death benefit if he/she becomes terminally ill with a short life expectancy)
    • Child Term Rider (the insurance company will pay additional benefits – as defined in the policy – in the event of the death of a child)
    • RETURN-OF-PREMIUM Rider (if the insured is alive at the end of the term and has paid all the premiums as due, the insurance company will return all premiums paid)

Make sure that the lifestyles of your loved ones are protected. What you do today could be the most significant step you will take to secure your family’s future.

The Next Step To TakeFAMILY INSURANCE

Now that you have done a serious evaluation of your life insurance needs, the next step is to start searching for the life insurance policy that best meets your personal and financial needs. You can start the search yourself by using the QUOTE ENGINE that appears on this website. Just click on QUOTE ENGINE and follow the steps when you are on that page.

Or, Contact Us By:

  • Calling Our Toll Free Number (888) 950-8376
  • Or Write to info@insuranceglobe.net

Related Posts

affordable term life insurance rates

Affordable Life Insurance Rates – May 2017

Affordable Life Insurance Rates

Below you will find current affordable life insurance rates for TERM LIFE INSURANCE, GUARANTEED UNIVERSAL LIFE INSURANCE (a competitively priced form of permanent life insurance) and RETURN OF PREMIUM Term Life Insurance. These rates were obtained for MALE/FEMALE, non smoker, qualifying for the Best Health Category, and for face amounts of $500,000.

Download (PDF, 42KB)

 

About Affordable Life Insurance Quotes

TERM LIFE INSURANCE – Use  our INSTANT LIFE INSURANCE QUOTE engine to obtain term life insurance quotes. You will be able to find term life insurance quotes for maturities of 10, 15, 20, 25 and 30 years and others. You can also find term life insurance policies with maturities up to a certain age, such as “To Age 65 Level”; “to Age 90 Level”; etc. For a more detailed definition of Term Life Insurance, click HERE.

GUARANTEED UNIVERSAL LIFE INSURANCE (GUL)– If you are looking for permanent life insurance, GUL is the way to go. Select “to Age 121 Level (No Lapse UL) and you will find permenent life insurance rates for very competitive rates.. You can also search for affordable GUL life insurance rates using the INSTANT LIFE INSURANCE QUOTE engine. You will life insurance protection until age 121 at an affordable price. “No Lapse”, by the way,  means exactly what it says, the coverage will not lapse provided that the premiums are paid as due. For details about what GUL is all about, click HERE.

RETURN-OF-PREMIUM TERM LIFE INSURANCE (ROP) – Return-of-Premium Term Life Insurance is term life insurance with a rider (at an added cost). What is does is return all premiums paid at the end of the term (10, 20, 30 years, etc.) if the insured is still alive at the end of the term and has paid all premiums as due and on time. Please, search for ROP quotes using our INSTANT LIFE INSURANCE QUOTE engine. For more details about ROP, click HERE.

Articles Related to Affordable Life Insurance Rates

We Can Help

Get in touch with us using our contact information as it appears below. One of our agents will help you find term life insurance quotes that best fits your personal and financial situation:

  • Toll Free Number: (888) 950-8376
  • Office Number: (786) 353-2528
  • Or, CLICK HERE

OSCAR G. SURIS

Florida-Licensed Life, Health and Variable Annuity Agent

Toll Free: (888) 950-8376

Office: (786) 353-2528

 

 

 

 

 

affordable life insurance rates

Affordable Life Insurance Rates – April 2017

Affordable Life Insurance Rates

Below you will find current affordable life insurance rates for TERM LIFE INSURANCE, GUARANTEED UNIVERSAL LIFE INSURANCE (a competitively priced form of permanent life insurance) and RETURN OF PREMIUM Term Life Insurance. These rates were obtained for MALE/FEMALE, non smoker, qualifying for the Best Health Category, and for face amounts of $500,000.

About Affordable Life Insurance Quotes

TERM LIFE INSURANCE – Use  our INSTANT LIFE INSURANCE QUOTE engine to obtain term life insurance quotes. You will be able to find term life insurance quotes for maturities of 10, 15, 20, 25 and 30 years and others. You can also find term life insurance policies with maturities up to a certain age, such as “To Age 65 Level”; “to Age 90 Level”; etc. For a more detailed definition of Term Life Insurance, click HERE.

GUARANTEED UNIVERSAL LIFE INSURANCE (GUL)– If you are looking for permanent life insurance, GUL is the way to go. Select “to Age 121 Level (No Lapse UL) and you will find permenent life insurance rates for very competitive rates.. You can also search for affordable GUL life insurance rates using the INSTANT LIFE INSURANCE QUOTE engine. You will life insurance protection until age 121 at an affordable price. “No Lapse”, by the way,  means exactly what it says, the coverage will not lapse provided that the premiums are paid as due. For details about what GUL is all about, click HERE.

RETURN-OF-PREMIUM TERM LIFE INSURANCE (ROP) – Return-of-Premium Term Life Insurance is term life insurance with a rider (at an added cost). What is does is return all premiums paid at the end of the term (10, 20, 30 years, etc.) if the insured is still alive at the end of the term and has paid all premiums as due and on time. Please, search for ROP quotes using our INSTANT LIFE INSURANCE QUOTE engine. For more details about ROP, click HERE.

Articles Related to Affordable Life Insurance Rates

We Can Help

Get in touch with us using our contact information as it appears below. One of our agents will help you find term life insurance quotes that best fits your personal and financial situation:

  • Toll Free Number: (888) 950-8376
  • Office Number: (786) 353-2528
  • Or, CLICK HERE

 

 

 

 

 

Return of Premium Term

Return of Premium Term Life Insurance

Term Life Insurance That Returns Premiums Paid?

Actually, YES! Some life insurance companies offer Term Life Insurance with a rider, at an added cost, that will return the premiums you paid if you outlive the specific term (10-15-20-30 years) you chose. It is called, Return of Premium Term Life Insurance, or ROP, for short. In other words, if you outlive the terms of the policy and have paid all the premiums due, your out-of-pocket premiums will be automatically returned to you. It is like, as they say, “having your cake and eat it too”. Interest is not paid on the returned premium, but they are returned tax free. Some exceptions do apply. For instance…

  • if you die during the level-premium period, since your beneficiaries will receive the death benefit amount.
  • if you take a loan and do not pay it back (the amount borrowed plus interest owed will be subtracted).
  • if you cancel your policy before the end of the level-premium period, you may not receive a portion back, depending on how long you have had the policy.

Attractive Equivalent Rate of Return (ERR)

ROP Term Life Insurance offers an attractive Equivalent Rate of Return (ERR). See the example that follows:

Return of Premium Term

As you can see in the above example, the insured had protection for 30 years and at the end of the 30 year period (since he outlived the term and made all the payments as due) he received back all premiums paid, which represented an annual return on his money of 3.83%. Not a bad deal! Also, as with all life insurance products, beneficiaries will generally receive a tax-free death benefit should the insured die before the 30 year period ends.

Downside of Return of Premium Term Life Insurance?

If you cancel the policy before the end of the level-premium period (30 years in the above example) you may, or may not, receive back a portion of the premiums paid, depending on how long you had the policy.

More information

Various life insurance companies offer Return of Premium Term Life Insurance. We can help you find out the one that best fits your personal and financial situation. Click on the link below for ROP consumer brochures of two well known carriers that offer ROP.

PruLife Return of Premium Term – by PRUDENTIAL FINANCIAL

AG ROP Select-A-Term – by AMERICAN GENERAL LIFE INSURANCE COMPANY (AIG)

Below are links to other Blog Posts that you may want to take a look at:

We can help!

The best time to buy life insurance is always TODAY. Tomorrow we will be older and possibly not as healthy as today. As age increases so do life insurance premiums. As health deteriorates, insurance premiums go up. We can help you find the life insurance policy the best fits your personal and financial needs. Contact us at:

  • Toll Free Number: (888) 950-8376
  • Office Number: (786) 353-2528
  • Click on CONTACT US