Life Cycle Financial Planners, LLC

Tag: accelerated benefits

  • The Best Life Insurance is No Medical Exam, No Blood, No Wait. In One Phone Call Get Covered Up To $5Million.

    The Best Life Insurance is No Medical Exam, No Blood, No Wait. In One Phone Call Get Covered Up To $5Million.

    What do Barbara Eden and Elizabeth Montgomery have in common with buying life insurance today?

    Magic!

    As fast as they blink and twitch is all the time it takes to buy the best life insurance available in the market today. Apply and Buy is done without a medical exam, without lab tests or without the traditional underwriting hassle. Everything is done online with the guidance of experienced professionals. Whole life insurance, term life insurance, permanent life insurance are all available, up to $5,000,000. For qualified prospects, no traditional underwriting means:

    1. No bloodwork, no needles. No other body fluids necessary.
    2. No visit from the doctor.
    3. For approved candidates, issued and paid in an hour.

    The Need For Speed.

    Consumers today expect everything done quickly. Many people do not review or upgrade their existing life insurance coverage because they dislike the process and it takes too long. But speed alone is not all it takes to make a great life insurance experience. Considering it is among our most important assets, quality is equally important. Without exception, the insurance companies underwriting these programs are market leaders.

    Welcome to the future where you can buy the most competitive life insurance coverage in a single phone call. By collecting information such as prescription history, DMV reports and typical credit and consumer information, you will get a policy in a fraction of the time and none of the aggravation.*

    Everything is done online. In one sixty minute phone call, you can apply and buy up to $5,000,000 of coverage. Everyone under age 65 is a candidate. Therefore, if you have been putting off the decision to review or upgrade your coverage, now is the perfect time to speak us.

    What Type of Policies Are Eligible for Accelerated Underwriting?

    Term and permanent policies are eligible, including whole life. There is no difference between these products and the ones available through traditional underwriting, which is the biggest concern people state for not upgrading their existing life insurance coverage. People realize that policies are better than ever before but at least 50% report taking no action. Enhancements like living benefits, vitality pricing, lifestyle credits and lower premiums are not enough to overcome the hassle of underwriting.
    The typical concerns stated by most people include:

    • the exam process.
    • aversions to needles for blood.
    • disclosing height and weight.
    • fasting.

    What About Living Benefits?

    Living Benefits are available with accelerated underwriting. The value of Living Benefits is that they allow you to draw against the face amount of the policy if you have a qualifying health emergency. Every life insurance policy should include Living Benefits, without exception, since there is no additional cost.

    Please contact me at 561-869-4500 or complete the contact form on this page to schedule a complementary discussion.

    * Applicants may not qualify. Insurance companies retain the right to ask for additional medical information based on the initial application.

  • How Long Should Your Life Insurance Policy Last? What You Need To Know.

    How Long Should Your Life Insurance Policy Last? What You Need To Know.

    Ninety seven (97) percent of term policies lapse without paying a claim.

    Determining the duration of coverage may be the most difficult decision you face concerning your life insurance coverage. Until you are certain about how long you WANT or NEED your policy to last, it is difficult to determine whether you should own a term policy or a permanent policy. The longer you want your policy to last, the higher its premium will be. But the sooner you lock in a permanent policy, the less it will be. For those who prefer to minimize and control their costs in the future, figuring out the duration issue as early as you can is wise. Permanent life insurance has a much lower net cost than term.

    Since the net cost of permanent coverage is much lower, why do people stay with term longer than they should?

    In a perfect world, we’d like guaranteed coverage to last for life at the cost of term insurance. If it weren’t for its higher premiums, everyone would prefer permanent insurance. As it is impossible to predict the future, maximum duration flexibility is an important feature to have in a policy. As we get older, our feelings about life insurance change. In our 30’s and 40’s, we may feel we only need coverage until retirement or when our kids are self-sufficient. Since term policies require less premium, we choose it hoping to replace it with a better policy before it expires. Unfortunately, that is not what happens. The low term premiums are enticing and the insurance industry is failing to communicate the risks of carrying term too long. This has led to a crisis defined by huge numbers of relatively young people being unable to secure a policy after their initial 20 or 30 year term policy expires.

    The biggest problem with term insurance is that it doesn’t last long enough. Consider that 97% of term policies will lapse before paying a claim. The renewal premiums become unaffordable and catch people off guard and unprepared for higher premiums. If their health has changed, the problems begin to multiply. Term insurance is not better value. It’s simply less costly in the low risk years.

    As we get older, we want life insurance to last longer. Waiting to tackle the duration issue can have sobering consequences.

    Innovation is completely changing the insurance industry but existing coverage must be upgraded as often as possible. Did you know that you can take a $2,000,000 advance against the right policy at no cost. If you have a health emergency, it could be a lifesaver.

    And, you can now get a $5,000,000 policy issued in one phone call, without a medical exam and pay the same rates as people who are underwritten traditionally.

    Give us a call at 561-869-4500 or email TB@LifeCyclePlanners to get started.