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Individual and Family Life Insurance

            Protect your family and business                           Get the Coverage You Need Right Here....



Buying life insurance may be among the most significant purchases a person will ever make. This is especially true if people they love depend on them for their comfort and financial security.


Give your family a gift of love. It is the most important thing you will ever do.

How long a term should you purchase? 

5 Year Term Life Insurance

10 Year Term Life Insurance

15 Year Term Life Insurance

20 Year Term Life Insurance

25 Year Term Life Insurance

30 Year Term Life Insurance

Universal Life Insurance

Whole Life Insurance

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Return of Premium

Final Expense Insurance

1035 Transfers

Why Buy Life Insurance


What you need to know about life insurance 

Life Insurance Definitions 

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              For Agent Help Call:

(800) 601-LIFE (5433)

Yours for Life,

Louis Hammond

Purchase Life Insurance for LIFE!

Some chronic, critical and terminal illnesses include:

Heart attack
Stroke
Cancer
Amyotrophic lateral sclerosis
Major organ transplant
Inability to perform 2 out of 6 activities of daily living (toileting, transferring, bathing, eating. etc.)
Learn more about the protection living benefits can provide...

Compare Top Life Insurance Carriers....

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At WeQuote.com, you can compare affordable term life insurance rates from over 20 of the top Insurance Companies. Just complete the life insurance quote form above and then click the "Compare Now". It is that easy to receive your free quote with no strings attached.

How long a term should you purchase?
If you want to be sure the family you love will not be left in financial straights should you die, it is wise to take a look here.
If you have young children and you want to make sure they will have finances to care for them until their education years are over, check out our pages.

For those young families that are living on a limited budget the purchase of a term insurance policy would be a good choice. If you are a money borrower for your business, your bank will probably require some security. They may require a life insurance policy on your life for the term of the loan with the bank as the beneficiary in case of your death. You can get a quote for the life insurance right here...... 

Most people purchase life insurance to provide their family with financial security at the time of their death.

What if you experienced a chronic, critical or terminal illness?
Would your insurance policy allow you to accelerate your death benefit to cover the associated costs while you are still alive?                                      

We believe life insurance should be there when you and your family needs it most. Whether that means accessing your benefits while living, should you experience a chronic, critical or terminal illness or at the time of death.

Protect yourself and your family with more than just a death benefit......

Watch this cash value life insurance Video

You want to provide life insurance for your family. But how do you decide how much life insurance you need? And how long will you need insurance coverage?

Things to consider......How many $$$ would my family need to complete plans for the future without me?

  • Look at your age
  • Are you married?
  • Do you have children? How many?  What ages?
  • How long will you be responsible for their care?
  • Do you have a mortgage on your home? How Long?
  • What is your net worth? 

Some planners suggest a life insurance policy to cover 3 to 5 times your annual salary.

The Buy and Buy Again Problem

Some insurance agents will tell you not to worry. Just buy the cheaper 10 year term product and buy another 10 year term product when the first one runs out. Some companies even offer this strategy as a policy option they call "re-entry". The problem with this re-entry logic is that you face all the medical and insurability issues over again. If your health changes you may not get a new 10 year policy for the price you think.

And how much would you save anyway? Is it really worth taking a chance? Using the same health status as we did for the 35 year old, a 45 year old can buy a 10 year policy for $400 and a 55 year old can buy a 10 year policy for $985. Let's compare that with the 20 and 30 year premiums:  

Age 10 + 10 + 10 20 Year 30 year
35 $165 $345 $529
45 $400 $345 $529
55 $985   $529

 

For Agent Help Call:(800) 601-5433

     
         Yours for Life,

     Louis Hammond

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What would happen if you developed a more serious problem than weight gain? What if you became diabetic? The standard premiums could be increased with medical extras. Suddenly you could be looking at premiums that are double standard health.

Is this really a risk worth taking? Remember, if our 35 year old buys the 30 year premium today, the preferred premium of $529 is locked in for a period of 30 years. It cannot be changed by the company. Is $45 per month too much to pay for $500,000 of life insurance?

I remember when grandpa used to say, "when I was your age...". While I hate sounding like grandpa I remember the first 10 year level term policy that I ever purchased. I was 25 years old and the policy was for $100,000. The non-smoking premium was $205 per year guaranteed for 10 years. Compared to the decreasing term that I had been buying before, $205 was a bargain.

Compare that to our 35 year old non-smoker. For $529 per year he can buy $500,000 of 30 year guaranteed coverage. I have to tell you, in the strongest language possible, that it makes absolutely no sense trying to save money buying a 10 year policy. The added risk just isn't worth it. And if our 35 year old buys that 30 year term policy they can throw the policy in the top drawer and forget about it because the coverage and the premium are guaranteed for 30 years.
But let's take another look.

Let's assume that during the first 10 years you gained some weight. We'll assume that you're still insurable but that companies are no longer willing to give you the cheaper preferred rates that were available to you when you were 35. What would a standard health 10 year policy cost at age 45? Instead of a premium of $400 the premium would be $630. And what would a 55 year old pay for a standard health policy? Instead of a premium of $985 the premium would be $1,450. Let's look at the same chart again: 

Age 10 + 10 + 10 20 Year 30 year
35 $165 $345 $529
45 $630 $345 $529
55 $1,450   $529

 

 

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