Term Insurance
$50,000 life insurance rates

$50,000 Life Insurance Rates

Have you ever seen a TV commercial when they talk about life $500,000 life insurance policies costing only about $18 a month? Then, you think to yourself that you only need about $50,000 in life insurance only to find out the rates are higher than the $500,000 “as seen on TV” rates? What’s up with…
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Decreasing term insurance

Is Decreasing Term Insurance Extinct?

Believe it or not, there was a time (the good ole days) when decreasing term insurance was popular. Consumers primarily used it to cover a debt so it would be paid off if you died during the repay period of the debt. If a consumer elects to cover debt with life insurance on their own,…
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return of premium term life insurance - ATM

Best Return of Premium Term Life Insurance Options?

Although Return of Premium Term Life Insurance entered the insurance market with a “Bang,” the interest has begun to wane as many financial gurus condemn the product as being overpriced. These gurus who opine regularly about the additional cost of the return of premium (ROP) are typically guilty of painting all insurance shoppers with a…
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American Amicable

American Amicable Group of Companies Review for 2020

American Amicable Insurance Company of Texas is a very unique life insurance company offering a full lineup of life insurance products.  We see American Amicable as a leader in the simplified issue marketplace. By simplified issue, we mean no medical exams are needed in order to qualify for life insurance. American Amicable can issue coverage…
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life insurance medical exam

Tips To Help You Pass Your Life Insurance Medical Exam

I can’t tell you how often my clients underestimate the importance of their life insurance medical exam.  We are seeing more and more companies jump on the accelerated underwriting process where there is no exam at all.  Many of our clients can qualify for up to $2,000,000 of life insurance without even having to take…
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Why Banner Life Insurance Company? Review updated for 2020

Banner Life Insurance Company is also known as Legal and General and they do business in the state of New York as William Penn Life Insurance. Banner Life Insurance is headquartered in Urbana, Maryland and the company is owned by Legal and General America. Banner Life Insurance Company has been in the insurance industry for…
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how does life insurance work

How Does Life Insurance Work?

Most people have a vague idea of how life insurance works but generally they don’t understand the fundamentals of a life insurance contract and how the insurance company can make a profit when they are frequently paying out more than they’re taking in. To understand how life insurance companies profit from insurance contracts, you have…
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Clark Howard and Life Insurance

Clark Howard’s take on Life Insurance

When we review the numerous articles posted by Clark Howard concerning life insurance, it doesn’t take much reading to discover his take on the subject. It’s interesting that Mr. Howard’s opinion lines up pretty much with other celebrities (financial gurus) like Dave Ramsey and Suze Orman. What separates Clark Howard (in my opinion) from the…
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bank of america sign

Collateral Assignment of Life Insurance to a Lender

When most people think of life insurance benefits, they think of providing financial protection for their loved ones or using the cash value as an emergency cash fund. Some life insurance products like indexed or variable universal life are now being used as retirement planning alternatives because they can build significant cash value over time.…
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