Category: Life Insurance

October 19, 2018

Should I get a Guaranteed Universal Life Insurance Policy OR a Whole Life Insurance Policy?

You may ask “Should I get a Guaranteed Universal Life Insurance Policy OR a Whole Life Policy?” What are my options if I do not want cash value in my  whole life policy, and want to reduce my whole life policy premium cost? What if I also dislike a term insurance policy because of the lack of long term guaranteed level premiums. A possible solution […]

June 4, 2018

Life Insurance Policy Cancellation – Your State “Free Look Laws” | Get Your Premium Back!

If you don’t like your life insurance policy you can cancel and get your full initial premium back if you cancel within your state cancellation “Free Look Period”. Each state have their own “Free Look Laws” which are governed by their individual state insurance commission – please locate your state in the chart below.  If you cancel your policy during your state free look period […]

November 9, 2017

Finding The Best Life Insurance For Seniors

It may be thought that the older you are the more it will cost and the more difficult it is to find the best life insurance for seniors. The fact of the matter is that it is never too late or too difficult to find the best policy for your future final expense plans. Many times, due to being on a fixed income, older age […]

October 12, 2017

No Waiting Period Whole Life Insurance Policy

You can get a No Waiting Period Whole Life Insurance Policy with Senior Care Life. With this type of policy you will get the lowest and best rate by our carriers. We always try to get you this policy first. Our A+ Rated life insurance carriers will provide you with low cost whole life insurance coverage (With No Waiting Period) up to age 85. You you […]

July 11, 2017

What Is Living Benefits Life Insurance?

Living benefits are most often associated with permanent cash value life insurance. A Permanent or Whole Life insurance policy can do this because they build equity or “cash value. The policy cash value accumulates over the life of the policy. This accumulation of equity, along with tax advantages available with a permanent whole life insurance policy, allows you to have access to living benefits. You […]

July 7, 2017

What is the difference between a term life insurance policy and a whole life policy?

An active life insurance policy provides a financial safety net for your dependents after you die. After you’re gone, your family can use the life insurance proceeds to cover funeral costs, mortgage payments, college tuition and other expenses. A whole life policy is the most well-known and simplest form of permanent life insurance. A whole life policy will last the rest of your life, so […]

July 4, 2017

Can I Reinstate A Life Insurance Policy I Have Surrendered?

When you surrender your life insurance policy the policy is automatically null and void, without recourse for reinstatement. Since life insurance premiums go up as we age, you will not be able to reinstate the old policy because the rates charged on that policy are no longer valid. If you later decide that you need life insurance again, you will have to reapply for new […]

July 4, 2017

Can I cancel my life insurance policy at any time?

You Can Cancel Your Life Insurance Policy You can always cancel your life insurance policy at any time. However, you should think carefully before deciding to cancel. As there may also be tax consequences for cancellation, and buying a new policy in the future will be more expensive. Canceling a whole life insurance policy can sometimes be complicated if you have borrowed against your policy […]

June 29, 2017

How to Access the Cash Value of your Whole Life Policy

The cash value of your whole life policy can be a quick and easy source of money in an emergency situation. You use your cash value to make a down payment on a home purchase or to help pay for college tuition. Every personal situation is unique, and the details of accessing cash value funds are complex, it’s probably best to talk with an insurance […]