AFFORDABLE PERMANENT LIFE INSURANCE

Affordable Permanent Life Insurance

Why Affordable Permanent Life Insurance?

Most people, when searching for life insurance, choose Term Life Insurance. Why? Because it is the least expensive form of life insurance. Actually it is quite affordable, and it does the job. Meaning, it provides financial protection for the family in the event that the main breadwinner all of a sudden dies.

However, if cost was not an issue, in other words, if the cost of term and permanent insurance were the same, which it is not, or if the person did not have to adhere to a budget that puts a cap on how much he/she can spend on life insurance, we all would choose permanent life insurance over term life insurance. Obviously.

So, if there were some form of permanent life insurance out  there that was somewhat affordable, we all would probably go for it to address the financial risks in our lives.

Do You Really Need Life Insurance?

Before we talk about the choices there are of life insurance, lets talk about why do we need life insurance to begin with. What does life insurance brings to our family life that is worth spending money on?

Have you ever thought what would happen to your loved ones if all of a sudden you died and were no longer able to provide financial support to your spouse and children? Who would pay for the mortgage, health insurance, food, utilities, education, etc.? Life insurance provides the funds needed so that your family may continue to function in the manner they were accustomed if you are no longer able to provide. And life insurance proceeds are generally tax free to the beneficiary. Some people discount the importance of life insurance and simply refer to it as something I spend money on the benefits of which are available only when I die. But what about your family? How would they get by? Please, take a look at this video and then come back to this page.

A Legacy of Love

I Can’t Afford Life Insurance!

Other folks think that life insurance is expensive and they cannot afford it.  It is not so. Term Life Insurance is affordable and does the job of providing the financial security needed by a family. Let’s look at some recent Term Life Insurance quotes for maturities of 10, 20 and 30 years.

Looking at the above worksheet, do you agree that Term Life Insurance can be affordable?

How Much Life Insurance Do You Need?

The answer to this question is sort of a moving target. It depends on each person or family. Most folks purchase life insurance on the assumption that by the time they retire they will have paid the mortgage and all other significant debt; the kids will be on their own, financially and otherwise; they will have their traditional retirement account from the job, whether a 401k, a pension plan, or some other form of retirement account; they will be selling the “big house” and move to an apartment, etc. The point being that by the time they retire they will have little debt and their financial responsibilities will have gone down significantly. This assumption does not always hold, but it is a good way to start the process of determining how much life insurance one needs.

Therefore, what we recommend our clients is that in fact they purchase Term Life Insurance to mature around the time they retire, to take care of significant financial obligations, and then purchase a Permanent Policy in the form of Guaranteed Universal Life Insurance (GUL) to take care of final expenses. Usually $100,000 of GUL insurance will do it. 

Why is it important to buy some permanent life insurance as soon as possible. We see a lot of folks that when they reach the late 60’s or early 70’s, they still have some debt outstanding and final expenses to pay. Then they start looking for final expense life insurance which is very expensive. And if their health has deteriorated, they may have to opt for Guaranteed Life Insurance (totally different than Guaranteed Universal Life insurance). Guaranteed Life Insurance is even more expensive than Final Expense insurance. So the prudent thing to do is to get some (again, unless circumstances dictate otherwise, $100,000 should do it) permanent life insurance early in life while we are healthy and young.

About Permanent Life Insurance

We already covered above that Term Life Insurance is an economical way to provide financial security to the family in the event that the main breadwinner were to die unexpectedly.

Now we want to make the point that, unless you have a lot of money, can afford to make large premium payments and is able to benefit from the estate planning and tax-related benefits that Whole Life Insurance brings to the table, GUL is that way to go for affordable permanent life insurance. Let’s look at the following comparison:

As you can see from the above chart GUL premiums are not only cheaper than Whole Life premiums, but they also come in a variety of maturities. You can actually select the maturity that best fits your situation. Also, in some cases, you can make payments up until a certain age, such as 65. One of the advantages of GUL policies is their flexibility, as you can see in this example. If you would like a quote on a GUL policy, please GUL QUOTE

For Related Information Go to the Links Below

 

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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

 

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.

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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

 

 

 

 

 

seguro de vida con devolución de prima

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

 

 

 

 

 

term life insurance

Now is the Best Time to Buy Life Insurance!

Now is the Best Time to Buy Life Insurance!

Yes, now is the best time to buy life insurance. If you are considering buying life insurance, it is most likely due to one of the following reasons, which are among the 5 top reasons why people buy life insurance:

  • Providing income for the family in the event of the death of the primary income earner.
  • Paying off debt.
  • Covering funeral expenses.
  • Passing wealth to heirs.
  • Being able to pay for a loved one’s education in the event of the death of an income earner.

Whatever the reason, NOW is the best time to buy life insurance.

Not only are premiums lower than in many years, but tomorrow we will be older and likely not as healthy as today, both factors that could have a negative impact on life insurance premiums.

So, if you are looking for life insurance…

Click on the link below and you will be able to (in the privacy of your home, with little agent intervention) find the Term Life Insurance, or Universal Life Insurance, or Return of Premium Life Insurance policy that best fits your personal and financial goals.

                                            CLICK HERE:  INSTANT LIFE INSURANCE QUOTES

If You Have Questions…

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