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

 

We Can Help

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

 

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

 

 

 

 

 

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

 

 

 

 

 

affordable life insurance

4 Ways To Save On Life Insurance

4 Ways To Save On Life Insurance

If you are like a lot of people, you would like to find ways to save on life insurance. Here you will find 4 ways to save on life insurance.

Many americans, some say upwards of 50 million, have absolutely no life insurance protection. The reason is that most of them, about 85%, believe they can’t afford it. However, please, take a look at the information we are sharing below:

4 Money-Saving Tips:4 ways to save on life insurance

  1. Don’t Overbuy. If you need $500,000 in coverage, you would waste money purchasing $750,000.
  2. Stop Smoking. Kicking the habit could reduce your life insurance premium by 40%.
  3. Buy Term Life Insurance. A 40-year-old male can buy $250,000 of coverage for less than $18 per month.
  4. Shop Around. Rates vary, some times wildly, from carrier to carrier, and comparing quotes is the best way to find affordable rates.

 

What Could Be the Consequences of not Having Life Insurance?

  • You say you can’t afford life insurance right now. But how would your surviving spouse come up with an amount equivalent to the life insurance benefits when you are dead and gone?
  • Are you saying it takes all of your income to live now with nothing left to pay for life insurance? If so, what is your family going to do with little or no income after you are gone?
  • When you buy life insurance you are transferring the risk of your family not having your income, if you are not around to provide it, to the life insurance company. Without life insurance, it is your family (your spouse and your children) the one that is assuming that financial risk.
  • Click on A Legacy Of Love ( a video).

We Can Help!4 ways to save on life insurance

We can help you find the life insurance policy that best fits your personal and financial situation.

  • Click SAMPLE LIFE INSURANCE RATES and see that Term Life Insurance is in fact affordable.
  • Click DO YOUR OWN RESEARCH, enter your own data in our Quote Engine and find out the policies that will meet your personal and financial needs.
  • Call our Toll Free Number (888) 950-8376 and we will do the work for you.
  • Go to CONTACT US.

Other Posts of Interest

Return of Premium Term

Term Life Insurance Rates Are At All Time Lows!

Term Life Insurance Rates

Yes! Term Life Insurance rates are at all time lows! If you are looking for Term Life Insurance to provide financial protection for your family in the event of your untimely death, NOW is the time to do it. Term Life Insurance is as cheap as it has been in a long time. If your policy is older than 5 years, you should get together with your agent and do a policy review as soon as possible. Also, please, check current Term Life Insurance and Universal Life Insurance (permanent) rates below.

Living Benefits

There are also new features in modern life insurance policies, frequently included in the Term Life Insurance premium, such as Living Benefits. With Living Benefits you do not have to die to collect life insurance benefits. How does it work? Living Benefits provide access to cash from a life insurance policy that can be used while you are alive. Living Benefits are also known as Accelerated Death Benefits. Benefits are based on the insured incurring a chronic, critical, or terminal illness as defined in the policy. For more details, click on the link that appears below:

Trendsetter LB (Living Benefits) – TRANSAMERICA

Universal Life Insurance

Similarly, permanent life insurance, in the form of Universal Life Insurance, is also very competitively priced. If you are looking for permanent life insurance, check Universal Life Insurance rates. Universal Life Insurance is a flexible form of Permanent Life Insurance that allows the policy owner to move money between the life insurance component and the savings component of the policy. It permits the policy owner to make adjustments as their personal circumstances change. Universal Life Insurance is a form of permanent life insurance, much, much, cheaper than Whole Life Insurance, which is the other form of permanent life insurance.

Current Term Life Insurance And Universal Life Insurance Rates

term life insurance rates

Term Life Insurance Rates

We Can Help

If you do not find in the above chart the life insurance premium for you, we can help you find the policy that fits your personal and financial situation.

Contact us at:

Office: (786) 353-2528

Toll Free: (888) 950-8376

Email: info@insuranceglobe.net