by Stephanie on December 29th, 2009
If you are in a same sex relationship and need life insurance coverage to protect your partner or family, here are a few guidelines to keep in mind. Generally, this is what each life insurance company is looking for:
- The insured to have been in long term committed a relationship.
- Shared financial obligations such as home, car, and household bills.
- Joint property ownership or a joint rental agreement.
- Shared bank account.
- Normal health underwriting requirements.
What you will find is that most life insurance companies have come to recognize the needs of same sex couples. These days, it is easier than ever to obtain low cost term like insurance from the best companies in the nation, such as Transamerica, Prudential, Genworth and American General, just to name a few.
Please don’t delay. The rates that you pay for your premiums are primarily based on YOUR GOOD HEALTH.
If you need coverage to protect your partner or children, call your agent today. If you don’t have an agent, contact our office at 800-327-2866. We here at INSURANCE 360 have been helping people coast to coast for over 26 years.
Scott Harper, CLU, CFP
December 22nd, 2009
Life Insurance on your stay at home spouse is a good financial decision. With the term life insurance policies on the market today, it is easy to find a policy you can afford. Take just a minute to consider the following: Do you have money available for funeral expenses? Maybe $10,000 or more? Do you [...]
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November 23rd, 2009
You may think that this would be a difficult process, given the debates and controversy surrounding health insurance for same sex couples. The good news is that in most cases, it is easy to acquire life insurance coverage for same sex partners. Unlike most health insurance companies, many life insurance companies will allow same sex [...]
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November 20th, 2009
American General (AG) recently announced a new promotion for specific policyholders who have purchased a insurance policy. The promotion generally works as follows: if you have a policy that was effective within the last 36 months and you would like to purchase an additional term policy, it may be available without a medical exam. Of [...]
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September 13th, 2009
When I first started in this business 22 years ago there was at least 10 companies that issued what I would call, top quality disability income protection. This coverage included: Occupation specific protection Lifetime benefits Unlimited mental/nervous benefits In the 90′s, carriers started to back off of these features because of large claims. In fact, [...]
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