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LIFE INSURANCE

LIFE INSURANCE

5 out of every 10 Americans die each year lacking any life insurance

Steve Turner
Insurance Specialist

Do I Need Life Insurance?

Roughly 5 out of every 10 Americans die each year lacking any life insurance. Don’t let your family become homeless on top of losing you. Contact me, and I will explain the many life insurance options available at every stage of your life.

Life insurance is integral to a solid financial plan and can help you accomplish many objectives. Please take a look at your long-term financial outlook. Without your contributions, would your family be able to meet their goals? Get peace of mind today with Life Insurance protection.

How does Life Insurance work?

In its most basic form, when you purchase a life insurance policy, you agree to pay premiums in exchange for coverage in the form of a death benefit to your designated beneficiaries. You can customize your policy through policy features and benefits based on your financial needs and goals.

Term Life or Whole Life Insurance?

There are two main types of life insurance: term life and whole life. It is common to question which kind of insurance is right for you. In the end, the question that should be answered is: Which one best meets your needs?

HOW I CAN HELP YOU

Term Life or Whole Life Insurance?

There are two main types of life insurance: term life and whole life.

You are expected to question which kind of insurance is right for you.

Ultimately, the question that should be answered is: Which one best meets your needs?

Let’s protect your family! It’s a lot more affordable than you think.

Why Consider Term Life Insurance?

  • Cost-effective coverage compared to whole life.
  • Ideal for coverage for a specific period.
  • Supplement whole life insurance.
  • It can be renewed at annually increasing rates without proving insurability.
  • Option to convert to whole life insurance later.
  • Income tax-free death benefit.

Why Consider Whole Life Insurance?

  • Lifetime coverage is available as long as premiums are paid.
  • Tax-deferred growth of policy cash values.
  • Liquidity through policy loans.
  • It can help supplement retirement income.
  • A stable financial asset on your balance sheet.
  • Income tax-free death benefit.

LIFE INSURANCE FAQ

  • Do I need life insurance?
  • How do I buy life insurance?
  • What is the “free to look” period?
  • Is it true that some companies won’t turn applicants down?
  • What’s the difference between term and permanent life insurance?
  • What does “fully paid up” mean on a permanent life insurance policy?

Life insurance applications generally require personal and family medical history and beneficiary information. You may need to take a medical exam and disclose any preexisting medical conditions, history of moving violations, DUIs, and dangerous hobbies (such as auto racing or skydiving).

  • Review Your Insurance Needs.
  • Decide How Much Coverage You Need.
  • Assess Your Current Life Insurance Policy.
  • Compare The Different Kinds of Insurance Policies.
  • Be Sure You Can Afford the Premium Payments.
  • Have an Insurance Agent Help You Evaluate the Future of Your Policy.
  • Keep Your Current Policy.
  • Understand Renewal Policies
  • Read Your Policy Carefully
  • Review Your Life Insurance Program Every Few Years

Life insurance may not be worth it if you have no dependents, have a tight budget, or have other plans for providing for them after your death.

Misrepresenting your health condition can result in incorrect premium calculations. Insurers set premiums based on the risk associated with an applicant’s health. Concealing information may initially lead to lower premiums, but it could lead to higher costs in the long run or policy cancellation.

A whole life policy is said to “mature” at death or the maturity age of 100, whichever comes first. To be more exact, the maturity date will be the “policy anniversary nearest age 100”. The policy becomes a “matured endowment” when the insured lives past the stated maturity age.

It typically consists of two parts: a questionnaire and a physical exam. The examiner will often come to your home or office and perform a short physical examination, including essential height and weight measurements, checking your vital signs, pulse and blood pressure, and taking blood and urine samples.

Buying life insurance protects your spouse and children from the potentially devastating financial losses that could result if something happened to you. It provides economic security, helps to pay off debts, helps to pay living expenses, and helps to pay any medical or final payments.

We have seen claims denied for failure to disclose the use of a seasonal allergy inhaler, substance abuse treatment, and even the insured’s height and weight measurements. The most common lie told on life insurance applications is the use of nicotine.

They can include engaging in risky hobbies and behaviors like skydiving, having a history of DUIs or speeding tickets, having a dangerous job like roofing, having a criminal record or a less-than-ideal financial history, being a smoker, and failing a drug test.

WHAT MY CLIENTS SAY ABOUT ME

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QUESTIONS? CONTACT ME

I’m here to take your calls and emails and respond to your questions Monday through Friday from 9:00 a.m. to 5:00 p.m., excluding posted holidays.

CALL/TEXT: M-F 9-5

EMAIL ME: 24×7


OFFICE LOCATION

STEVE TURNER INSURANCE SPECIALIST

14502 N DALE MABRY HWY

SUITE 200

TAMPA, FL 33618