1. An Insider’s Look At Life
Insurance: Unique Facts And
Coverage Options To Consider
Presented By:
Wholesale Insurance
http://www.wholesaleinsurance.net/

2. Theory Behind Life Insurance
Pay a little bit now and your family will receive a larger
payment in the event of a death.
The premise behind life insurance coverage is that the final
benefit will help the bereaved handle the loss without having
to be evicted from their home or go through additional
financial hardship.
Ultimately, offering some form of financial security to loved
ones provides security and comfort.

3. Understanding Life Insurance
While the purpose of life insurance is
straightforward, there are many methods to
obtain coverage.
Understanding the many components of life
insurance is not always a simple task.
With options like whole life insurance, term life insurance, mortgage life
insurance, etc., it’s often confusing to decide what will give the most efficient
coverage.
Highlighting a few surprising facts and unique choices will help give better
clarity on what the life insurance market has to offer.

4. Fact: Life Insurance Rates
Can Go Down As Age Goes Up
Most people who purchase life insurance believe that term life insurance
policy will always become more expensive as they grow older.
However, a large number of people actually watch rates decrease as they age
due to several factors.
The average life expectancy is increasing which lowers the risk of the insured
actually cashing in a policy. The lower risk equates to a lower premium.
Lack of government regulation also contributes to lower rates as insurance
companies need to offer competitive pricing.
Understanding the competitive pricing means individuals are free to shop
around and switch companies at any time.

5. Fact: The Quote You Get Isn’t A Final Price
Many people wrongfully assume that the initial quotes received will reflect the
actual price.
While this is generally true, it is not always the case.
The insurance company can only base its quote off of limited information
initially provided.
For accurate rates and a gauge on the health of an individual, medical
underwriters are required.
Medical underwriters perform a health exam and determine other key health
factors to create finalized premium cost.

6. Fact: You Should Still Re-Evaluate Your Life Insurance
Cost, Even If You Have Whole Life Coverage
Term life insurance is easy to re-evaluate due to its impermanent nature.
Re-evaluating even whole life insurance coverage is key.
Whole life insurance is similar to term life in that as life expectancy increases,
cost of insurance decreases.
Consistently re-evaluating and staying on top of these changes will help save
money in overall decreased costs.
Evaluating a current whole life policy versus a new whole life policy is slightly
more difficult than a term policy comparison and requires speaking with an
agent.

7. Life Insurance For Special Circumstances
Few people realize that there are
unique life insurance policies
specifically tailored to an individual’s
particular needs.
These special types of insurance
come with restrictions, but often
offer the best premiums and
favorable incentives for people.

8. Mortgage Life Insurance
Paying off a mortgage can be a lifetime endeavor and particularly
difficult with only one homeowner working.
If the main financial contributor dies with no established financial
protection implemented, a family may have to sell their home.
Mortgage life insurance was created to counteract this occurrence.
This special policy pays off your debt if the money earner dies.

9. Life Insurance Without An Exam
Guaranteed life insurance is possible
without any kind of exam.
This special type of coverage is a
welcome option for anyone whose
mortality risk is so high a medically underwritten policy is not
feasible.
This special coverage is also of use during an interim period
between coverage or while a current term policy is being sent to an
underwriter.

10. Key Man Business And High Risk Life Insurance
Invaluable employees to a business can also be covered under special
policies.
Key man life insurance is any coverage that prevents a company from
failing when it loses a key player by providing an infusion of capital
which can be saved, invested, or used immediately.
Individuals covered under a high risk policy will be charged higher
fees.
However, there are insurers who specialize in this type of policy and
can offer customers a competitive rate.

11. Choosing The Best Life Insurance Plan
Ultimately, sourcing a great broker plays a key role in finding the best life
insurance.
Working with someone who understands all the components to life insurance
policies will be able to provide the most efficient options.
Always consult a good agency before making any changes to current policies.
It’s most effective to understand and monitor the details of a life insurance
policy at all times.
With a little focus and time, getting a family protected and obtaining the best
life insurance rates available can prove a
straightforward task.

12. About Wholesale Insurance
Wholesale Insurance is a company that specializes in finding
the best life insurance rates for its customers.
The company has a network of advisors and can provide
customers with life insurance policies from some of the
country’s top insurance companies.
Visit their website at http://www.wholesaleinsurance.net/