Life Insurance Articles

Should you worry about AIG?

If you have life insurance coverage with AIG American General Life Insurance Company... do you need to be concerned about the financial debacle they've found themselves in?  The answer is a resounding, "Absolutely Not!"  AIG's traditional insurance companies are separate and distinct subsidiaries by design.

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Return of Premium Term Life Insurance

Return of Premium Term Life Insurance is by far the most attractive life insurance innovation in a long time.  Over the course of the past several years, there has been a noticeable shift in the level of interest in permanent, cash value plans towards Term Life Insurance plans.  But consumers responding to the advice of financial gurus and taking a hard look at term for the first time often had a single, common objection. 

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Life Insurance Company Ratings

Why should you be concerned about how an insurance company is rated?  It's very simple... The foundation of a life insurance policy is its promise to pay your beneficiaries a death benefit if you pass away.  If a company is poorly rated, their promise is diminished by a distinct lack of financial strength.  Much like a bank will not consider loaning a customer money to buy a home if they don't have a job or if there is demonstrated irresponsibility-- it simply isn't prudent to pay premiums to an insurance company who demonstrates a similar strain of shortcomings.

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Permanent Life Insurance

QuoteSpring offers two main types of Permanent Life Insurance:

Universal Life Insurance is designed to be permanent coverage for the insured individual.  It typically combines protection against premature death with a cash value component.  The cash value component earns a money market rate of interest.  Death benefits can be altered during the period of time that the policy is in force within certain limits.

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Non-Medical Term Life Insurance

Non-Medical Term Life Insurance is a wonderful recent innovation in term life insurance made possible by easy access to information and the Internet. 

"Instant Term" Life Insurance is available nationwide.  Yes... the plan is "non-medical".  In other words, you don't have to qualify by taking a medical exam and filling out a paper application.  You do still need to qualify though.  The easy on-line application can be completed in a few minutes with no paperwork and no exam.  In other words-- no needles and no urine.  In general, non-medical term life insurance policies are offered in face amounts from $25,000 to $1,000,000 in coverage and in 10, 15, 20, and 30 year terms.

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Non-Guaranteed Term Life Insurance

Non Guaranteed Term Life Insurance is just that... the rates will not be guaranteed for the entire term period.  This is not an oft recommended type of life insurance by QuoteSpring... but we have been asked for it on occasion.

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Mortgage Life Insurance

One of the most common uses of Life Insurance is to cover mortgage loans.  The death of the main bread winner in a family can force difficult decisions or, at worst, financial ruin.  Since the largest debt is generally the mortgage on a home-- if a surviving spouse can't afford to make payments to the bank-- hardship will continue to plague the stricken family.  This is an unfortunate fact of life, but something nobody needs to experience if adequate life insurance is in place. 

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Convertible Term Life Insurance

Convertibility, in our view, is one of the least known but most important features of Term Life Insurance.  Almost every policy we sell has this feature and it's important for our customers to know it's there. 

Convertible Term Life Insurance works like this...

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Equity Indexed Universal Life Insurance

Equity Indexed Universal Life insurance (EIUL) can often be a sound choice in coverage. Along with providing a death benefit if you die, equity indexed universal life may also provide tax-deferred growth of your account value, growth linked to a formula based on changes in an equity-index, flexible premium options, a variety of riders and waivers, and two death benefit options (level death benefit and increasing death benefit).

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Annual Renewable Term

Annual Renewable Term (ART) Life Insurance is no longer a prominent product on the market.  It is, however, still fairly common to see a level premium, level term plan become ART when the level period ends.

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West Coast Life's EZ App for Fast Approvals

For over a century, West Coast Life Insurance Company has been a pioneer.  The A+ rated carrier has chalked up several "firsts" in the industry since 1906.  Their aggressive pursuit of smoother sailing with respect to life insurance

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