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Types of Life Insurance Policies

Life insurance is one of the best safety nets you’ll ever buy for your loved ones. It’s one of the only ways you can guarantee your loved ones have the money they need, even if something awful were to happen to you. Not having life insurance is one of the worst mistakes you could make for your loved ones. Without that safety net, your family would be stuck under a mountain of debt and other final expenses, but that’s where your life insurance plan comes in.
When you’re shopping around for life insurance, it’s important you compare all of the different options available. Each kind of life insurance is going to have different pros and cons you’ll need to weigh based on your insurance needs. It can be confusing and frustrating trying to find the perfect plan for you, but that’s why we are here to help. It’s our mission to ensure you’re getting the best plan available. This post (and the video below) are going to look at some of the main types of plans and the benefits of these policies.
In the video below I discuss the different types of life insurance policies that you may be considering and which may be the right choice for you.
There are three main categories of life insurance. Each of them is slightly different in the coverage they provide and how much they cost. (more…)

I frequently get questioned about obtaining life insurance over 50 and whether it is worth the cost.  In today's market life insurance is an essential purchase for just about every individual. Having a life insurance policy not only brings peace of mind, but it can also provide for your family if anything awful were to happen to you. Life insurance can provide your family with the funds they need to cover all of your final expenses after your passing.Life Insurance Over 50
Everyone has heard terrible stories of families being left with thousands of dollars in debt after their loved ones passed away. Between the cost of a funeral, mortgages, student loans, and car payments, your loved ones could be left underneath a mountain of debt that they cannot pay for. (more…)

I created this video to answer a very common question that people have, which is, should I buy term life insurance or whole life insurance. Unfortunately when you Google 'term vs whole life insurance' you find many different opinions. In this video, I help break it down for you.

Transcript: Term VS Whole Life Insurance
In this video, I'm going to tell you about the truth on term versus
whole life insurance. Undoubtedly, if you've Googled term versus
whole life you've probably found about 20 to 30 different results,
with different opinions from different people and you may not be sure
what's the best way to go. I'm going to give you some tips on trying
to figure out whether you should go with term life or should you go
with whole life. Here's the answer. First thing you need to do when
deciding on life insurance, is to figure out how much life insurance
coverage you need. On our website, under the footer under life
insurance tools, you can find a link to a calculator that will help
you do that. Once you know how much insurance you need, the second
step is figuring out what's the cost.
Okay. Let's do some comparisons. What's the cost for term life?
What's the cost for whole life? Once you get those quotes, you're
probably going to get some sticker shock; because whole life
insurance is a lot more money than term insurance and at that point
you might just say you know what I'm going to get term life because
it's a lot more affordable to me, and you're not going to have this
question in your mind about term vs. whole life insurance.
If you realize that you can afford whole life insurance great it
might be a good thing for you, if its not affordable to you go with
term life because the most important thing you could do is get the
right amount of coverage and get enough coverage. Most Americans
underestimate how much coverage that they really need. For example,
there is a type of insurance out there called guaranteed universal
life, which is some where in between term and whole life. It's not
temporary and it's not for a certain amount of years like term is for
10, 20, or 30 years, it's permanent life insurance, but double build
up cash value like whole life, and so the cost is lot less than whole
and that may be an appropriate decision for you.
Lastly, remember that you don't have to get term, universal, or whole
life alone you can always get a combination of some term insurance
and some permanent insurance. For 99% of Americans, you're just
going to need coverage for a certain amount of time. If you have
young kids or if you have a mortgage and you want to get coverage for
20 or 30 years, then term insurance is the way to go. If you earn a
very high income and you can afford whole life insurance you may want
to consider getting a combination; and if you know for sure that you
need permanent life time insurance I suggest that you look at
guaranteed universal life.
If you click the link below this video you'll find a link to our
website and you can fill out a quote request form there and we'll
work with you to find out how much coverage you really need compare
quotes from over 30 different companies and work with you to figure
out whats the best type of policy for you?
In this video I'm going to tell you the truth about term versus whole
life and what should you get. In this video, I'm going to tell you
the truth about term versus whole life and what should you get.
Coming up. Is that good? Like,I can edit. Let me do it twice.
In this video I'm going to tell you the truth about term versus whole
life, and what should you get...
Author: Liran Hirschkorn