Some of the common riders you should explore are: 1) Accelerated Death Benefits Rider (also called Living Benefits Rider), Children’s Life Rider, Accidental Death Rider, and Return of Premium Rider. You should also know what the Convertibility Options (to a permanent type of insurance) are before finalizing any choice of Term Insurance.

You can get a quick quote quite easily and in about 5 minutes. However, if you are interested in doing some “comparison shopping” you can count on me getting back to you same day. The more health history you disclose to me, the more accurate your quote will be. Keep in mind that insurance carriers have very skilled underwriting teams who will “uncover” that medical history on their own, which might lead to a declination if they determine an applicant is not being completely forthcoming with their medical history. The best policy is to just be truthful, accurate, and thorough in providing your information, and you can expect a quick and accurate quote in response.

Also called “Living Benefits” this rider (though now included “free” with many carriers) will pay up to 95% of the face value of the policy if you as the insured are diagnosed with a chronic, critical, or terminal illness. You may then use the money for medical costs, mortgage payments, monthly living expenses, or anything else you might want to do with the money. By receiving the money while you are still living, you reduce the face amount by a like percentage of what you receive while living from the insurance company. For instance, if you are diagnosed with a terminal illness and you receive 50% of the face value of the policy to pay for medical costs, your beneficiaries will receive 50% of the face value of the policy upon your death. Be sure to understand the fine print of your policy as there are some small fees that accrue by taking the money early.

In general, the younger you are, the lower your premiums are going to be. So for the average person, your best VALUE on a term policy is to get the longest term possible, which is usually 30 years. 40 year term is now available for persons 45 or younger. Also, the longer the term, typically the more time you have to convert the term policy (or a portion of it) to a permanent policy.

Absolutely you can! Providing online quoting for permanent types of insurance is pretty much impossible to get any type of accuracy with, and that is why you don’t see insurance agents or brokers, or insurance companies offer that kind of quoting ability on their sites. However, a quick call to me at my number (251.709.1355) or email to me: i7insures@gmail.com and I can get the health information I need from you to get you a solid whole life quote.

Some financial professionals think that it is not prudent to get life insurance for children, but I strongly disagree. I believe it is EXTREMELY wise to get at least a relatively “small” policy on each child as early in their life as you can afford it. Why? Because you insure their insurability should something happen in their lives before they can get insurance for themselves. Living overseas for an extended period, and having a childhood illness such as cancer could preclude them from being able to get insurance at all, or get it at an affordable rate. Even before I “got into” the insurance business, I got $100,000 whole life policies on my sons–that are building cash value and are really worth something now. For my youngest, his premium for life for that policy is just $541.00 a YEAR! It’s a great decision, and I highly recommend it.