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What’s The Lowdown On Variable Universal Life Insurance?

If permanent insurance with flexible premiums and options is important to you, you’ll want to choose a variable universal life insurance policy. This type of policy combines features of universal life insurance with investment options, so you have the potential for a larger death settlement than you would have with an ordinary policy. It is called a variable universal life insurance, because your investments and premiums are not fixed. They are variable because they depend on the current market conditions.

Variable universal life insurance has advantages over other life insurance policies, such as Globe Life Insurance or whole life insurance. With this type of life insurance you get to play the stock market and choose the investment funds where you want to put your money. With universal life insurance on its own, you can’t control how your cash value is invested. When you combine it with variable life insurance, you can switch investments two or three times a year if you wish to get a higher life insurance settlement.

As with 30-year term life insurance and others, you do have a guaranteed death benefit. This amount could rise drastically if you have the right investments with a variable universal life insurance. The amount of the cash settlement varies, so that you could have lots of money one day and the minimum life insurance settlement the next.

The life insurance cost associated with variable universal life insurance is higher than other types. However, along with this comes the advantage that you have a tax shelter. The money you make through investments will not be taxed until you cash in the policy. The monthly premium you pay also varies, depending on market conditions. This may not appeal to you if you are on a fixed income and have to budget for the premiums.

Variable Universal life insurance is not for everyone. If you want to make sure that there is a death benefit to protect your family in the event of your death, then maybe you should look at a 30-year life insurance or ask for a whole life insurance quote. This way your money is guaranteed and you don’t run the risk of losing it. The way market conditions are operating today, the many falls seem to indicate that the cash value of the life insurance policies are falling as well. It’s better to be safe than sorry.

Variable universal life insurance gives you choices.

Whole Life Insurance vs. Term Life Insurance – Weighing the Pros and Cons

It’s important to know the difference between whole verse life insurance before you start to shop.

Whole life (also called permanent) policies are life insurance policies that accrue cash value over time and usually pay dividends. Buying a whole life policy is an investment. As the named insured, you have the ability to draw against the cash value. Whole policies are more flexible and more expensive than term policies.

Term life insurance policies are less expensive and inflexible. Term policies are bought for a designated period of time. If the named insured dies before the policy expires, the benefits are paid. However, if the policy expires before the death of the insured, there are no return premiums. As the insured, you have the option to renew the policy for another specified period, or let it expire.

The difference between whole life and term policies is similar to the difference in buying verses renting a house. A whole policy would be like buying a house. The purchase of a house is an investment. Usually the house appreciates in value. You can borrow against the growing equity in the house. When you decide to move, you sell the house and reap the financial rewards of the investment.

Renting, on the other hand, is like a term policy. You rent an apartment or house for a specific period of time (lease). You do not have the option to borrow against the equity. When the lease is up, you either renew the lease, or move. If you choose to move, you do not get a portion of the rent back.

Term policies do, however, allow you to upgrade to a permanent policy without the need for a physical exam (similar to renting a house with the option to buy). A change in your financial condition may allow you to afford a whole policy that was out of your financial reach a few years earlier.

What’s The Big Deal About Online Life Insurance Quotes?

One of the easiest and less stressful means of obtain information is on the net. The same thing applies to getting online life insurance quotes. Competition is fierce with the many life insurance companies operating all over the country and so they have an online presence. You can request free online life insurance quotes and compare then to get the best possible policy for your needs.

When you start looking for life insurance online, you do need to know how much money you want to have included in a death benefit. You have to determine how much money your family will need to live comfortably without you and your pay check. For example, the death benefit from online life insurance quotes has to be enough to pay the bills, provide day-to-day expenses so that your spouse won’t have to look for a higher paying job right away. California life insurance experts also advice that you have enough included in this settlement to provide for post-secondary education for the children.

In California, as in other parts of the country, living expenses are quite different today than they were years ago. If you already have life insurance, it would be in your best interests to check out the online quotes for life insurance to see where you can save money and reap more benefits from the policy. California life insurance companies do have an online presence, so if you would prefer to stay with a company from this state, there is no problem.

Many of the California life insurance companies online also provide a free life insurance calculator. You should use this calculator before you request online life insurance quotes so that you will be sure you have enough life insurance. It is better to have too much than not enough. You will really be surprised at how affordable life insurance is with low monthly payments to fit within your budget.

The benefit of having California life insurance is that it replaces the lost income. Best of all, in California, there is no federal income tax applied to the benefits paid out for the life insurance policy. Searching for online life insurance quotes will give you the directory of California companies from whom you can request a free quote. Then all you have to do is sit back to compare them and choose the best one for you.

You can get online life insurance quotes, but there are some things you need to know.

What is Term Life Insurance – A Guide for Beginners

Term life insurance is a “no frills” type of life insurance. It is a life insurance for a specified duration limit, or time. You buy a specific amount of coverage for a specific time by signing a contract. You pay for that coverage period and at the end of the term, the policy expires. For example, the term might be until retirement, or until children are grown, or until college is paid for.

Term life insurance is the least expensive available insurance policy and allows you to spend a lot less and use the extra money in a better investment. It does not build up cash value and the premium normally increases, as the policy owner gets older. Usually term life insurance covers a specific term such as term of 1year, term of 20 years or term of 30 years.

If you die while the policy is active, term life insurance provides a stated benefit for it; and your survivors will be paid the agreed upon amount. However, the policy does not provide any returns beyond the stated benefit and once the policy expires, the life insurance coverage ceases and the insurance company keeps the money. Some term insurance policies give you the right to renew at the same rate for multiple years, while others do not. The former are generally a bit more expensive.

Term life insurance is most suitable for you, if you are:

• In need of coverage for a limited period of time,

• Young and looking for lower premiums,

• buying a home or car, where the financial burden of a loan will disappear in time

Term life insurance policies must be renewed when each term ends. Before buying a term life insurance policy, you should ask about the renewal provisions for the protection of your future insurability. There are some typical choices:

• Annual Renewable—–the premium go up each year.

• Level Term—–the premium stays the same for specific period like 5, 10, 15, or 20 years, then increases sharply.

• Automatic Renewable—–you’ll have to pay more for this feature.

Some other options on term life insurance policies may include:

• Re-Entry – it requires a lower premium than an automatically renewable policy. You can renew at the same low rate offers to new customer; but you’ll have to pass a physical examination. If you’ve developed any health problems, your premium could go up and cost more than an automatic-renewable policy.

• Convertable term – you’ll have the option to convert to a whole life insurance policy in later years.

Top Factors Determining Term Life Insurance Rates


Term life insurance policies provide a limited coverage period, which is determined by the policy owner. Term life insurance rates are actually the cheapest form of life insurance, but there are different rates for different people. This is because once the term of the policy is up you don’t receive any payout from the policy. If you take out life insurance at a young age, you will get much better term life insurance rates than if you wait until you are older.

The total cost of your term life insurance rates can be tricky. Some term life insurance policies appear to cost more, but may, in fact, be cheaper when you look at the total cost of the term life insurance policy. For example, annual renewable policies increase your premiums every year and thus may appear to be more expensive than level term policies where the premiums never increase (although the initial premiums for a level term policy will be higher). But, in fact, level premium policies may involve higher costs over the policy’s full term, and become particularly expensive when you try to renew your policy at the end of the term. This is why you do have to compare term life insurance quotes.

Some of the factors that influence your term life insurance rates are:

· Whether or not you smoke. Tobacco users are twice as likely to die as non-tobacco users while they are insured. Life insurance companies consider this when they set their premium and cash benefits levels. You can save from 20% to 30% on premiums by quitting smoking.

· Medical Record. If you have a terminal illness, it is unlikely that any life insurance company will issue a policy. In the case of heart disease, you will get a policy but your rates will be high

· Occupation. If you work in a dangerous occupation, such as working on a ship that carries gas, this will put you into a higher bracket when it comes to getting rates for term insurance. You will have to shop around to compare term life insurance quotes if you are in this category.

Term life insurance rates vary a lot, and you can do something about your premiums by taking some decisions to become healthier, like giving up smoking.

Life Insurance Policies That You Need To Be Aware Of

LifeInsuranceWhen it comes to selecting life insurance policies, the Internet is the place to look for the best offers. Life insurance companies have flocked to the Internet in recent times, supplying online life insurance hunters with an extensive choice of life policies. The growth in the number of life insurance companies servicing life insurance policies has made a significant impact on life insurance premiums too, bringing them down to record low levels. Basic life insurance cover can now be acquired for less than 50p per day, and in some instances for as little as 20 per day.

Besides choice and price, the Internet also offers convenience to people who are looking for life insurance policies. Life insurance information can be gathered and insurance quotes asked for at any time of the day or night. If it suits you to search out information on life insurance policies at five in the morning, then life insurance companies on the Internet are there for you at five in the morning.

Choosing between life insurance policies

There are four types of life insurance policy available from most life insurance companies. These are level term life insurance, level term life insurance with critical illness, reducing term life insurance and reducing term life insurance with critical illness.

Level term life insurance is the most basic type of the four policies. It guarantees pay out upon death of the policyholder should he / she die during the term of the policy. The premiums remain the same throughout the life cover as does the amount paid out in the event of death. It is important to note that many level term policies have an upper age limit after which the life company becomes free of its obligation to pay out.

Reducing term life insurance which is also known as mortgage life insurance, works a little differently to level term policies. These are shorter policies that are normally taken out over the same term as a mortgage and guarantees pay out in the event of death during the term. However, unlike level term insurance the amount paid out on a claim reduces in line with the outstanding mortgage balance, so ensuring that loved ones left behind are not in danger of losing the roof over their heads.

Both level term life & reducing term life policies can be coupled with a critical illness product. This ensures that the policyholder and their family have an income for a certain period of time should the policyholder become critically ill and be unable to return to work. Critical illness policies also come with life insurance payment waivers so you don’t have to worry about your life insurance premium payments while you are in a critically ill state.

Life Insurance Policies – Solving The Mysteries Of Life Insurance

A large number of life insurance companies exist today to offer different life insurance policies to their clients. These life insurance companies try to keep their individuality by bifurcations and making different classifications on the policies.

Life insurance policies are bifurcated into two types.

1. Term life insurance policy – anyone can apply for a term life insurance policy. Basically this policy is meant for young people live with their families. Term life insurance policy is helpful to cover a person’s short-term requirements. For example, if the policyholder meets an accident, he can make an insurance claim. Term life insurance is a policy which covers potential need in the short run.

Term life insurance is a convertible and renewable program. The range of term life insurance policy is 1 to 100 years. If you have chosen a one-year program then the coverage increases after every one year. It is better to buy a whole life insurance policy from any of the whole life insurance companies than a term life insurance for 100 years.

2. Permanent Life Insurance – This life insurance policy is for the entire life of a policyholder. The value increases throughout the life. Par and Non-Par terms are mostly used in the context of life insurance policy. Par offers dividend while non par on the other hand does not offer any dividend.

Whole life-quick pay premium life insurance policy: in this type of life insurance policy, one has to pay for a small period of time till the total amount is fully paid up.

Whole life insurance policy can be categorized in premiums payable for 15, 20 and 65 years of age. Terms and norms remains the same in this case.

Universal life insurance policy is tailored for people having big RRSP, pension contributions, paying tax on income etc. These policies are most difficult of all the insurance contracts.

After going through all life insurance policies, you must choose the best one. Online life insurance companies can provide you all needed information.

Life Insurance: Pay Small Amount To Get Good Policy

There comes a time in our life when we think about our self if we need any protection for future like life insurance or not. It is not a big decision for all of us. No one likes to be reminded of their own mortality; after all, it’s a decision that comes to our life all at certain times especially if we have kids to give them good future.

Honestly, it is worthwhile if we consider of taking out life insurance at any stage of your life especially as we reach middle of age and start to amass mortgages and other financial commitments? The basic fact is that it does not matter if we have family to consider for or not but if we have some kind of financial commitments then we need to consider about what will happen if we die out of the blue. We have to remember that it does not matter how healthy we think of our self but we may die in a car accident or get run over by a train tomorrow while crossing the railway line!

We must consider few things, what would happen to our financial commitments if we die unexpectedly. Many people do not know that the money they owe on some kind of loans and mortgages does not necessarily pay for itself after their death. There must be somebody who will have to take care of its repayment. Finally, in the simplest of form we have to consider about who would pay for our funeral at the end of the day.

Life insurance may be worth thinking about at this stage. It is very important but if you have a family to add to the equation. If you have a partner and/or kids then consider about how they would meet financially if we did die and our salary died with us. This isn’t just about managing things like the mortgage, loans; it’s also all about working out how they will pay for life’s necessities never mind life’s luxuries after us. If we protect them with a strong life insurance policy then they could at least meet financially during what will be a very difficult time for them.

The important thing to remember in mind with life insurance is that it doesn’t have to cost the land. Life insurance policies these days are available at small cost; we really could be paying just a small amount dollar a month to get the right levels of protection with satisfaction. To make things easier and clear many industry experts recommend that we shop around for the best life insurance quote as the sector is extremely competitive these days and off course this is easily done – there are lot of web sites that can help us swiftly through competitive quotes so we can find the cheapest policies in just a matter of minutes. This is a great way of getting the life insurance cover we need without spending much time or money in the process.

The Importance Of Getting Life Insurance Online

There are many types of life insurance policies. Before you venture out for one, learn about them and see which one is applicable to your needs best. The following are the most common ones.

1. Term life insurance: This type of insurance is the most basic of all. It’s one and only function is to cover your life with an amount of cash which on even of your death will be given to your nominee. Here, the death benefit is equal to the policy limit. This is a good way to have mental peace in the conviction that you will provide for your family even in the event of death. This is good thing to have as a stand by any day.

2. Whole life insurance: This type of policy besides providing a fixed amount to your nominee on your death, it also gives you a financial gain over time as an investment would. The benefits you get out of this type of insurance are:

a. pays a fixed policy amount in event of death
b. gives you an investment amount that is free of tax
c. Protects you from rising prices – the premium is fixed for the life despite market fluctuation.
d. pays dividends as any good investment plan
e. offers you freedom to sell the policy back at any given time you choose

3. Variable life insurance: This type of insurance is much more flexible than the whole life insurance. The best benefit here is the fact that it allows the policy owner to borrow against the policy maturity amount. In this way, not only you are insured but you also have a very decent source of borrowing at a lower rate than the market price interest rates. The variable life insurance too offers the benefit of tax-free ash accumulation that is a great incentive for investing in insurance the world over. There is another benefit that accrues from this type of insurance, i.e. the amount that is to be paid as a benefit to the nominee of the policyholder can be varied according to the need of the beneficiary (in relation to the funds available in the account).

4. Universal life insurance: This insurance one of the most flexible of all types of insurances. It not only covers the death but also allows you a host of other benefits:

a. As all insurance policies, it pays the beneficiary a pre-arranged amount of cash in the event of your death
b. It provides a tax-free cash investment – which can accrue interest at market value
c. It allows complete flexibility on the premium making it easy for you to keep up with your payments even in lean times
d. At the same time this type of insurance allows amount flexibility

5. Universal variable life insurance: This is the ultimate among all the insurance policies. It allows you complete freedom on the way you invest and recover your investment. You have full control upon your cash at all times:

a. it pays the beneficiary a pre-arranged amount of cash in the event of your death
b. It provides a tax-free cash investment which can accrue interest at market value
c. It give you total premium flexibility
d. It allows to withdraw cash from your policy at any given time throughout your life time
e. It allows you to borrow against the maturity amount at subsidized rates of interest
f. It allows you to terminate the policy at any time, however, in that event your maturity amount will be reduced according to the time in question

Life insurance first and foremost role is to protect the near and dear ones in even of one’s death by providing an alternative source of income. Today, there are a number of benefits added to the main role. Check out the latest developments and choose well. Get value for your money.

Discover The Pros And Cons Of Life Insurance No Medical Exam

Are you in search of life insurance with no medical exam required? Have you been looking for life insurance online but maybe you’re frustrated with so many choices?

Why spend endless hours searching online when you already know buying life insurance is the right thing to do? And term life insurance offers you the maximum protection at the lowest rates.

Now it’s quick, easy and affordable for almost everyone to get term life insurance online without taking a medical exam. Actually, there’s a few insurers that offer instant approval life insurance if you qualify. You can apply online in about 5 minutes and find out if you qualify instantly. That’s right. No more paperwork. No medical exams. No more pushy agents. And no more delays of between 4 to 6 weeks to receive your policy.

Today, you can get life insurance online and print your policy immediately after you pay your first premium online. You can actually get life insurance coverage “In Force” today if you qualify. Not everyone qualifies for coverage though. You do have to be in good health generally. But even if you’re taking medication or may not qualify with other life insurers, you might qualify for no exam life insurance.

Okay, you should be aware that life insurance with no exam required may cost you a little more than coverage through other insurers. But the benefits outweigh the costs for some folks. Several benefits include Instant approval coverage “in force” today, no doctors, no invasive needles, no medical tests, no mailing delays, no pushy insurance agents to deal with. The list goes on. However, there are two drawbacks which is the premium may be a little higher. And not everyone qualifies for coverage.

It’s easy to find out if you qualify for no exam life insurance. You just answer a few simple health questions to get your instant quotes. Then, you decide if you like the rates and you can apply online in about 5 minutes. You usually get a response within 10 minutes as to whether you are approved for your life insurance coverage. Then you can pay your first month’s premium online and print your policy immediately. It’s that simple. No time delays, no mountains of paperwork and no dreaded medical exams.

Make sure to check the financial rating of your life insurer. It is usually provided on their web site. Also, paying an annual premium is usually less expensive than monthly payment options. Finally, when you buy direct online, you’re cutting out the uncomfortable sales person at your dinner table trying to talk you into the policy.

Life insurance no medical exam policies can provide the protection you need at affordable rates. It’s worth a few minutes to get instant quotes and decide if you want the coverage. There’s no hassle, and no sales pressure.