Articles 2017-12-04T18:15:51+00:00
2211, 2020

Your Complete Guide to Life Insurance Classifications

By |Categories: Life Insurance Planning|

Life insurance policies are crafted around the people who buy them. So, when you purchase a life insurance policy, it will be unique to you and your circumstances.  For example, you and your neighbor could purchase the same coverage amount from the same company. However, differences in your age, health, and other lifestyle factors would lead to you paying different premiums. Think of it like buying car insurance. The car insurance company doesn't determine your rate solely on the coverage amounts you select. They also base your rate on the type of car, your age, your driving history, your marital status, your credit, and even your location. The company uses these things to determine your risk of making claims against your policy. That's why you'll receive a lower rate if your car has certain safety features, but you'll receive a higher rate for a recent accident.  Life insurance companies also need to determine the risk of having [...]

1311, 2020

What is a Life Insurance Beneficiary?

By |Categories: Life Insurance Planning|

Life insurance can seem like an intimidating concept when you first get started, but it’s really not all that difficult with a little help.  When you have a life insurance policy and pay your premiums on time, the insurance company will issue a death benefit when you die.  Where does the death benefit go? The answer to your life insurance beneficiary.  Within your policy, you must designate someone to collect the death benefit proceeds if you were to pass away. In most cases, this would be your significant other or someone close to you that relies on you financially.  If you don’t name a beneficiary to your life insurance policy, you run the risk of having the death benefit being paid directly to the estate. Although this may not necessarily be viewed as a bad thing, for some, it could end up becoming a complete mess for your surviving family members to sort out after you're gone. [...]

411, 2020

2020 Best Accidental Death Insurance AD&D Companies

By |Categories: Supplemental Insurance|

Losing a spouse or a loved one to sudden death, such as an accident, is unimaginable.The sad reality is that accidental deaths happen so often that the CDC has reported it to be the third leading cause of all deaths in the United States. It is also the number one cause of deaths for those who are between that ages of 25-44Losing a loved one unexpectedly not only hurts emotionally but for many of us, it would hurt financially as well. How do you protect your family financially from an unexpected death?While the most common solution is with a life insurance policy, there are other options to consider, especially when life insurance is not a viable option.After all, your loved ones must be taken care of if something happens and one popular option outside of a life insurance policy is with an accidental death and dismemberment insurance policy. Accident Statistics in America 0 Number of accidental deaths [...]

1212, 2017

Best No Exam Burial Insurance & Final Expense Life Insurance Companies

By |Categories: Whole Life Insurance|

Burial insurance and final expense life insurance are two very popular types of life insurance coverage. Several life insurance companies offer it, but how do you know which ones are the best ones to choose from? I mean, you have to have seen those catchy late night television commercials advertising “$1 a day can buy $100,000 of life insurance coverage” right? Although $1 a day may sound like a great deal, there are definitely stipulations and facts you should know when it comes to those types of offerings. As an independent life insurance agency, No Medical Exam Quotes offers several A.M. Best (A) rated life insurance companies. Our goal is to help you pick the best burial insurance or final expense life insurance policy with a highly reputable life insurance company. Through this article we have put together, we will discuss some of the top rated burial and final expense life insurance companies as well as what [...]