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                                                   Life Insurance Simplified


How much life insurance do I need?
How many years do I need this life insurance?
Do I need any permanent life insurance or just term life insurance?
How do my health issues factor into the cost of a life insurance policy?  

Call 631-963-6020 for immediate assistance.

We specialize in the unique needs of the 50 year old and up life insurance policies.  Typically the average 50 year old has some type of health issue or prescription drug requirement that drives up the cost of life insurance.  This is made worse when the amount of life insurance being applied for is $1,000,000 or higher.  When you contact us for your life insurance needs, you will be speaking with highly experienced brokers with a minimum of 18 years of life insurance experience. We will answer all of your questions and get you the lowest priced policy for your needs. Prices for 50 year old females in good health start at $50 per month for a $1,000,000, 10 year term policy, prices are slightly higher for a healthy 50 year old male.  Our experienced brokers will consult with you at no charge to come up with the best life insurance policy for your unique situation.  We will take into consideration your death benefit needs,  the length of time you need the insurance and how your current health status will affect the policy that we recommend for you.  Of course we have low cost term policies starting as low as $30 per month for a $500,000 policy*.   However, many people won't qualify for the lowest cost policies because of their age or current health condition.  There are many factors in determining the best life insurance policy for anyone's unique situation, some of these are age, if your a smoker, male or female, overall health assessment, weight, etc...  Our brokers are highly qualified to get you the best possible coverage at the best possible price.


 We broker for many of the highest rated and lowest cost insurance companies including: ING, MetLife, Prudential, Guardian, Mutual of Omaha, William Penn and many more.  Before receiving a quote from us, we will carefully review all aspects of your financial life and your health status.  After this extensive review we will make recommendations most suitable for your needs.   The following information  will give you a brief education on permanent whole life insurance and term life insurance.  You will find a no pressure experience working with us.  Please contact us or fill out the quote request today to begin the process of analyzing your life insurance needs.  Please read below a description of the two major types of life insurance.  Please don't hesitate to contact us with any questions.

Term life insurance

Term life insurance policies provide life insurance coverage for a specified period, usually greater than one year.  Term life insurance policies are generally suitable for 90% of life insurance needs.  Term policies provide no further benefits when the term expires, and no buildup of cash value occurs. If this insurance is not renewed at the end of its term, coverage lapses and no payment would be made to the beneficiary in the event of death. The most popular term insurance is level term. With level term insurance your payment remains the same for the entire term of the policy. Typical term policies are 5, 10, 15, 20, 25 or 30  year terms. The shorter term policies are less expensive than the longer term policies. Death benefits for level term policies usually start at either $100,000 or $250,000 and can increase to several million dollars based on the needs and the budget of the insured. Premiums for term insurance can start as low as $30 per month for $500,000 death benefit*. The cost of your specific policy are determined by several factors. These factors apply to all life insurance policies except for guaranteed issue whole life. To qualify for the lowest life insurance rates you must be in excellent health and be a non smoker. 

The factors are:

  • Age
  • sex
  • smoker vs non smoker
  • overall health ( any disease history, overweight, high blood pressure or cholesterol, etc..)

Please contact us to begin your quote.  Thank you.


Permanent whole life insurance

Permanent Insurance, unlike term insurance, permanent life (or whole life)insurance provides protection for as long as the insured lives. Permanent life policies also have a savings component, building cash value that can help families meet financial emergencies, pay for special goals, or provide income for retirement years.

There are two main types of permanent life insurance policies:

Traditional whole life and universal life (UL).  The annual premium for traditional whole life policies remains constant throughout the life of the policy. In earlier years, the premium is higher than the actual cost of the insurance, but in later years it becomes substantially lower than the actual cost of protection. The excess amount of each premium in the early years is held in reserve as the policy’s cash value. This cash value grows over time from investment earnings and future premium payments, providing funds for the cost of coverage as the insured grows older. If a policyholder decides to give up the insurance protection, he or she receives the cash value upon surrendering the policy, less any outstanding policy loans. Universal life allows varying premium payment amounts subject to a certain minimum and maximum.  Whole life death benefits can start as low as $10,000 and can go as high as several million dollars.  Universal life policies the death benefits usually start as low as $100,000 and can increase to several million dollars as well.  the cost of permanent insurance policies can be 5 times to 20 times the price of level term insurance for the same death benefit.  Remember with permanent insurance you are buying a lifetime of protection, with term insurance you are buying low cost insurance for a specified amount of time.  It many instances we might recommend a blend of insurance ( some permanent with some term ) to come up with an affordable solution to your specific situation. 

Please contact us to begin your quote.  Thank you.
*Rate shown is for a 30 year old female seeking a 10 year MetLife Term Life insurance policy with a face amount of $500,000 and is based on one of our best underwriting classes and monthly electronic bank account withdrawals.


 

 

 

 

 

 

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