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Life Insurance Services

At LifeInsuranceAdvisors.com, we empower you with the life insurance information you need in order to make an informed decision about your life insurance. 

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There is never any pressure or obligation with our life insurance service.  You get the information you need in order to make an informed decision about your life insurance.

With LifeInsuranceAdvisors Service, You Get:

CHOICE:

You get multiple life insurance companies to choose from and the information you need in order to make an informed decision about your life insurance.  You get quality life insurance companies and prices to choose from.

INDEPENDENCE:

An independent life insurance agent that offers multiple life insurance companies!  You get dozens of the best and most competitive life insurance companies to choose from.  You decide which life insurance company is best for you.

CONVENIENCE:

You can submit your life insurance request online, call us, email us, etc..Whatever works best for you.  We'll send you your life insurance quotes via email, fax, mail....However you decide!

SIMPLICITY:

When you receive life insurance quotes, you get an easy to read format, providing a comparison of multiple life insurance companies, life insurance premiums, life insurance ratings and life insurance company information.

SERVICE:

You get professional and efficient service.  LifeInsuranceAdvisors understands the impaired risk life insurance business better than anyone.

Whether you need term life insurance, universal life insurance or whole life insurance, LifeInsuranceAdvisors will help you get the best life insurance policy based on your needs.

 Get a FREE Life Insurance Quote Today!

Types of Life Insurance Policies Available:

• Term Life Insurance
• Universal Life Insurance
• Whole Life Insurance - Both Dividend and Non-Dividend Types
• ROP - Return of Premium Life Insurance
• Survivorship - Also known as Second to Die life insurance
• Guaranteed Issue Life Insurance Policies
• Simplified Life Insurance Policies
• Group Life Insurance Policies

Whatever your life insurance need is, LifeInsuranceAdvisors can help you get the right life insurance policy based on your specific life insurance needs.

LIFE INSURANCE FOR INDIVIDUALS

Income Replacement: To replace an individual's income in the event of death, life insurance companies use various financial guidelines based on your income to determine how much coverage they will make available to you. A typical life insurance company will offer you general guidelines similar to the following to let you know how much life insurance 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 life insurance case is unique. Some of you may qualify for more life insurance and some will qualify for less coverage. 

Needs Analysis Information.

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

Pension Maximization: Many pension plans offer retirees two options on their pension when they retire - Life Only or Life with Survivorship.

Life only offers a greater benefit to the retiree but leaves the spouse of the retiree with no income if the retiree dies.

A pension max plan using life insurance allows the retiree to get the maximum benefit and still protect their spouse by buying a life insurance policy to cover the spouse should the retiree die early.

Your agent can provide you with comparisons of both options in order for you to make an informed decision about your life insurance and if it makes sense for you to consider the Life Only option or the Life with Survivorship Option.

Estate Planning: Life insurance is used for estate planning to preserve the estate for the insured's heirs. Life insurance allows the insured to leave their legacy intact.

Your agent may work with your estate planning attorney, CPA, and other advisors to obtain the right life insurance policy for you.  Your agent will help you obtain the life insurance needed to complete the Estate Plan designed by your attorney.

LIFE INSURANCE FOR BUSINESS OWNERS

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 life insurance coverage should be directly related to the proposed insureds ownership interest and the fair market value (FMV) of the company.

The number of life insurance 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 buy-sell agreement with life insurance? 

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Business Continuation: Gives a business the ability to buy out a deceased owner's interest. In the event of the owner's death, life 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 life insurance 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 Life Insurance: Most life insurance companies will typically allow life insurance coverage 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 life insurance coverage for businesses that work with revolving lines of credit in order to have coverage available when loans are needed.

Impaired Risk Life Insurance - If you have a health problem, we can help you get the life insurance you need.  We are the life insurance impaired risk specialists.  Let us help you.

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