by Scott on August 30, 2010
Prudential Insurance recently improved their underwriting by liberalizing their rules concerning family history. This change makes Prudential one of the best companies to choose when purchasing term insurance, if the insured has a family history of heart disease.
With most companies, if the insured has a parent with a history of heart disease, this will cause the insured to be placed into a Category 3 rate class. By moving to a Category 3, it costs the insured a significant amount of money through no fault of their own.
Prudential’s new guidelines will allow insured persons who have only one parent with a history of heart disease to move up to a Category 2 (Preferred non-smoking) rate class. This change can save up to 20% in premiums and allow the insured to save a significant amount of money over a 10 or 20-year period.
The new underwriting criteria can save the prospective insured a great deal of money.
If you have a history of heart disease in your family, contact your agent or call us @ 800-327-2866 to get new quotes on your term life insurance. Don’t wait-act now.
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by Stephanie on August 10, 2010
There are many reasons to have life insurance. Most people don’t know the full benefits of having a life insurance policy to leave to their loved ones in the unfortunate event of a death. Benefits are paid directly to a named beneficiary to be used at their discretion.
Here are some of the major reasons for purchasing life insurance:
• Income replacement for a parent with minor children
• Benefits for a guardian to raise your children if needed
• Pay mortgage payments
• Pay student loans, car payments, and other monthly expenses
• Funeral Expenses
• Pay income, inheritance and estate taxes
Even if you have a nice nest egg set aside for your family, you could still benefit from life insurance protection. With today’s market and dwindling investments, life insurance guarantees you a death benefit based on the policy you choose. Your other assets could be taxed for inheritance purposes, depleting your savings account and leaving your family with less than you expected.
Life insurance benefits are income tax free and will be paid in a lump sum.
Life insurance allows you to leave your family with peace of mind. The benefits allow them to grieve their loss without the added burden of losing a home or all of their inheritance due to a tax burden.
Call your agent or our office today @ 800-327-2866 to start the process on a new policy. Let us give you peace of mind.
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