What is Your Life Insurance Agent Selling You?!

Do you know the difference between Simplified Issue Term Life and Fully Underwritten Term Life? Simplified Issue Term Life insurance is a product which doesn’t require a medical exam and gets issued much faster and easier. And, most important of all: Your Life Insurance Agent makes higher commission on Simplified Issue Term and gets paid faster! That means agents are incentivized to sell this product to you.

But here’s the problem: It easily costs 3-4 times more than the alternative and the upper limits of available coverage are miniscule, around $300,000 to $500,000 at most. If you got a Simplified Issue Term policy that large you would easily pay $500 to $1000 monthly! Most people can’t afford that and worst of all, those coverage amounts aren’t even close to enough to protect your family! Consider that your family needs your income replaced, which means your annual income multiplied by 25-30 years, usually. That number alone takes almost everyone into the millions and that doesn’t take into account debt protection, asset protection, future college for your kids, final expenses, or the medical bills you rack up when you die!

Simplified Issue Term is right for some people in some situations, but they are rare. I offer Simplified Issue Term for the right people. But most people shouldn’t get near these plans. Be smart and responsible; take the time to get the best deal by getting a medical exam and whatever else is required. You will save tens of thousands of dollars over the life of the policy and most importantly: Your family will actually be protected.

I make less money by telling you this. But that’s worth it to me to be a real help in protecting families from the financial consequences of premature death. Call me today (209-268-8063) for a free, no-pressure, 10-minute consultation. I will quickly add up all your numbers and quote you for a policy that will protect your income, assets, debt, future college for your kids, final expenses, medical bills you incur upon premature death, and even protection for your spouse and children. Don’t wait! Every year you get older life insurance gets more expensive and if you have any health event, whether illness or injury, your price will go up or you could be declined and not be eligible for sufficient protection at all.