Life Insurance Services

Life Insurance Advisors offers you a convenient comparison service that helps you get the best price on life insurance that fits your unique income and asset protection needs. Whether you need renewable term insurance, guaranteed term policies, term insurance, ROP, Return of Premium policies, universal life insurance, 2nd to die also known as survivorship insurance, whole life insurance, single premium life insurance, etc. we can help. As always there is never any pressure or obliagation with our service. We'll give you the information you need to make an informed decision about your life insurance.

INSURANCE FOR INDIVIDUALS

Income Replacement: To replace an individual's income in the event of their death. Insurance companies use various financial guidelines based on your income to determine how much coverage they will make available to you. A typical company will offer you general guidelines similar to the following to let you know how much coverage may be available to you.

    Age 20-30 = Up to 20x annual income

    Age 31-40 = 16x income

    Age 41-50 = 12x income

    Age 51-60 = 8x income

    Age 61& up = 6x income

Keep in mind that these are general guidelines and each case is unique. Some people may be able to qualify for more and some will qualify for less coverage.Let us run a needs analysis for you. There is no cost to you and it only takes a few minutes have a needs analysis performed.

Mortgage Protection: To cover mortgage debt on property. There are still some companies out there that sell "decreasing mortgage term insurance" Watch out!!. The death benefit decreases each year but the premium remains the same. Most times you will be able to get a level term life insurance policy at a more competitive rate than a decreasing death benefit.

Pension Maximization: Many companies offer retirees two options on their pension, Life Only and Life with Survivorship. Life only offers a greater benefit to the retiree but leaves the spouse of the retiree with no income. A pension max plan using insurance allows the retiree to get the maximum benefit and still protect their spouse. We can provide you with comparisons of both options in order for you to make an informed decision.

Estate Planning: Insurance is used for estate planning to preserve the estate for the insured's heirs. It allows the insured to leave their legacy intact. We'll work with your estate planning attorney, CPA, and other advisors to obtain the right policy for you.

INSURANCE FOR BUSINESSES

Buy/Sell Coverage: Gives business partners the ability to buy each other out in the event of death of one of the partners. The amount of the coverage should be direclty related to the proposed insureds ownership interest and the fair market value (FMV) of the company. The number of policies needed is based on the following simple formula. n = the number of owners. The number of policies needed will be n(n-1). Although less common, there are also entity buy sell plans available which are typically used by larger companies. Do you have a buy-sell agreement in place? Have you taken the time to fund the agreement?

Business Continuation: Gives a business the ability to buy out a deceased owner's interest. In the event of the owner's death, insurance proceeds can be used to adjust and continue on with the business.

Key Person Coverage: Many businesses have a key employee such as the owner or a top employee. If that person died, the business would suffer. A key person policy provides coverage for the business to regain its momentum after a death. 5 times a person's income is reasonable and there are situations where up to 10 times income is available. A cover letter detailing the person's unique talents to the company is beneficial towards getting the amount of life insurance you want.

Creditor Insurance: Most companies will typically cover up to 80% of the loan amount. The company debt, the collateral securing the loan, the financial position of the company, current insurance inforce are all considered as part of the underwriting. It is possible to also obtain coverage for businesses that work with revolving lines of credit in order to have coverage available when loans are needed.

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Click here for a free life insurance needs analysis


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Life Insurance Services 6 Things You Need to Know Understanding Underwriting Getting Your Best Rate Underwriting Questions Quick Quote Form Free Needs Analysis U.S. Companies Insurance Definitions Articles We're in FAQ About Us/ Legal Contact Us Links Health Issue???	Life Insurance Home > Services Life Insurance Services Life Insurance Advisors offers you a convenient comparison service that helps you get the best price on life insurance that fits your unique income and asset protection needs. Whether you need renewable term insurance, guaranteed term policies, term insurance, ROP, Return of Premium policies, universal life insurance, 2nd to die also known as survivorship insurance, whole life insurance, single premium life insurance, etc. we can help. As always there is never any pressure or obliagation with our service. We'll give you the information you need to make an informed decision about your life insurance. INSURANCE FOR INDIVIDUALS Income Replacement: To replace an individual's income in the event of their death. Insurance companies use various financial guidelines based on your income to determine how much coverage they will make available to you. A typical company will offer you general guidelines similar to the following to let you know how much coverage may be available to you. Age 20-30 = Up to 20x annual income Age 31-40 = 16x income Age 41-50 = 12x income Age 51-60 = 8x income Age 61& up = 6x income Keep in mind that these are general guidelines and each case is unique. Some people may be able to qualify for more and some will qualify for less coverage.Let us run a needs analysis for you. There is no cost to you and it only takes a few minutes have a needs analysis performed. Mortgage Protection: To cover mortgage debt on property. There are still some companies out there that sell "decreasing mortgage term insurance" Watch out!!. The death benefit decreases each year but the premium remains the same. Most times you will be able to get a level term life insurance policy at a more competitive rate than a decreasing death benefit. Pension Maximization: Many companies offer retirees two options on their pension, Life Only and Life with Survivorship. Life only offers a greater benefit to the retiree but leaves the spouse of the retiree with no income. A pension max plan using insurance allows the retiree to get the maximum benefit and still protect their spouse. We can provide you with comparisons of both options in order for you to make an informed decision. Estate Planning: Insurance is used for estate planning to preserve the estate for the insured's heirs. It allows the insured to leave their legacy intact. We'll work with your estate planning attorney, CPA, and other advisors to obtain the right policy for you. INSURANCE FOR BUSINESSES Buy/Sell Coverage: Gives business partners the ability to buy each other out in the event of death of one of the partners. The amount of the coverage should be direclty related to the proposed insureds ownership interest and the fair market value (FMV) of the company. The number of policies needed is based on the following simple formula. n = the number of owners. The number of policies needed will be n(n-1). Although less common, there are also entity buy sell plans available which are typically used by larger companies. Do you have a buy-sell agreement in place? Have you taken the time to fund the agreement? Business Continuation: Gives a business the ability to buy out a deceased owner's interest. In the event of the owner's death, insurance proceeds can be used to adjust and continue on with the business. Key Person Coverage: Many businesses have a key employee such as the owner or a top employee. If that person died, the business would suffer. A key person policy provides coverage for the business to regain its momentum after a death. 5 times a person's income is reasonable and there are situations where up to 10 times income is available. A cover letter detailing the person's unique talents to the company is beneficial towards getting the amount of life insurance you want. Creditor Insurance: Most companies will typically cover up to 80% of the loan amount. The company debt, the collateral securing the loan, the financial position of the company, current insurance inforce are all considered as part of the underwriting. It is possible to also obtain coverage for businesses that work with revolving lines of credit in order to have coverage available when loans are needed. Copyright © 2002,2003,2004,2005, 2006 - LifeInsuranceAdvisors.com, LLC	Call 800-909-2040 now for a free quote *DO YOU NEED AN INSTANT QUOTE RIGHT NOW? - CLICK HERE.* Click here for a free life insurance needs analysis
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