If you needed to keep your life insurance policy in force, and became chronically ill and couldn’t afford the premiums, what would you do? Or, what if you were injured on your job and couldn’t work anymore, and you know that your life insurance coverage will be especially vital to your family, how would you [...]
Did you know that many insurance policies will give you financial coverage if you have a terminal illness? It’s called an ‘accelerated death benefit’ and is either included in many insurance policies or it can be added as a rider. Does your life insurance policy have an accelerated death benefit included? If it doesn’t, you [...]
The life insurance industry has made great strides in the last 5 years in an attempt to provide greater benefits to policy owners, other than just a life insurance policy’s death benefit. One additional feature now added to some policies is the ability to request funds from your policy for some long term care needs. [...]
Death Benefit Income Rider Stick with me for a minute, and I’ll show you a way to “rig” your life insurance policy so you can pay less money for the same amount of coverage. Recently, I was quoting a 50 year old gentleman a $1,000,000, 20 year term policy through Banner Life Insurance for $2297 [...]
When most people think about life insurance benefits, they only consider the death benefit, rather than benefits the policy may provide while the owner is still living. I love sharing innovative ways insurance companies try to add more value to their policyholders, and this is certainly a special one. Legal & General recently announced a [...]
Return of Premium Life Insurance – Worth the extra cost?
Sample quote for real 50 year old male for life insurance with return of premium.
Effective January 19th, Genworth has removed their Return of Premium products from the market. Until further notice, they will no longer be offering term insurance with the Return of Premium rider. Anyone who purchased a policy with the ROP rider prior to Jan. 19th will still enjoy the same benefits guaranteed in their contract. We still [...]
A New Life Insurance Option Decreases your Premium year after year for living a healthy lifestyle.
Adding a Return of Premium rider on a Term Life Insurance policy may offer greater benefits to younger insureds purchasing longer term products. Learn how to calculate rate of return of a Return of Premium rider.