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Term Life vs. Whole Life Insurance
Quotes & Rates
Term Life Insurance:
Term Life Insurance provides a death benefit for a specified
number of years. Term Life Insurance is an economical
option and often satisfies your family's or business'
needs for life insurance coverage. Shop term life insurance
quotes with Shop Term Quotes Insurance Services instant,
online quoter.
Whole Life Insurance: Whole
Life Insurance Is made up of several components: It
is a Term Life Insurance Policy with an investment component.
The Investment component is similar to a high powered
savings account. The policy builds cash value that you
can borrow against. The three most common types of whole
life insurance are traditional whole life policies,
universal and variable. With both whole life and term,
you can lock in the same monthly payment over the life
of the policy. It is advisable to shop term quotes from
Shop Term Quotes Insurance Services instant, online
quoter and compare that to your whole life quote. Speak
with a licensed insurance agent at 1-800-264-8114.
Whole Life Insurance: While
there are many varieties of Term and Whole Life Insurance
policies a good rule of "estimation" is that
a whole life insurance policy premium will be 4 times
the amount (give or take) that of a term life insurance
policy.
Replacement: Life Insurance Policies
Replacing
a Term Life Insurance Policy: Almost all insurance
carriers will ask you very specific information when
you are replacing a life insurance policy. They will
want to know the name of your present life insurance
carrier, the policy number, the death benefit and the
number of years the policy offers coverage.
You should compare the current cost of your life insurance
policy to the life insurance quote that you are basing
obtaining new life insurance coverage. It is important
to assess your need for life insurance coverage. It
is advisable to shop term quotes from Shop Term Quotes
Insurance Services instant, online quoter and speak
with our licensed life insurance agents regarding your
personal medical history.
Life Insurance Quotes & Companies?
Which
Life Insurance Company: Which Life Insurance Application?
There are over 1000 Life Insurance Companies
selling life insurance in the United States. Shop Term
Quotes Insurance Services provides many life insurance
quotes - EVERY DAY! Every life insurance company specializes
in some "preferred risk" that they will issue
life insurance coverage.
There are life insurance companies that specialize
in offering life insurance coverage for users of tobacco
products. These are often referred as "Smoker Life
Insurance" or "Tobacco Products Life Insurance."
Many companies claim to be an "Impaired Risk"
Insurance Company. It is important to understand that
though one company may offer you the best rate on the
Shop Term Quotes Insurance Services, instant, online
quoter; your personal medical history may be underwritten
differently than you think.
Impaired Risk Life Insurance:
It is advisable to shop term quotes from Shop
Term Quotes Insurance Services instant, online quoter
and speak with our licensed life insurance agents regarding
your personal medical history. "Impaired Risk"
means that one's personal medical history contains several
medical conditions or even just "one" significant
medical condition.
Tobacco
Product - Smoker's Life Insurance: Quotes &
Rates
Tobacco Product Life Insurance
- Smoker's Life Insurance: There is a difference
between Cigar smokers, Cigarette smokers and tobacco
chewers? They represent varying degrees of health risks
and some term life insurance carriers will acknowledge
the difference which will be reflected in the underwriting
class you ultimately qualify. This means that the life
insurance premium will be cheaper. Most Life Insurance
tobacco rates are almost and sometime more than 50%
than that of a non - tobacco life insurance quote.
Life Insurance Companies distinguish the difference
between an occasional tobacco user i.e. Celebratory
Cigar Smoker vs. a pack a day smoker. In many cases,
tobacco users can qualify for Preferred Non –
Smoker rates! It is advisable to shop term quotes from
Shop Term Quotes Insurance Services instant, online
quoter and speak with our licensed life insurance agents
regarding your personal medical history. We know which
companies are currently offering the best life insurance
rates on tobacco product life insurance - smoker's life
insurance.
Shop
Term Quotes Insurance Services Recommends: AIG
Tobacco Term Life Insurance Quotes, Genworth GE Tobacco
Term Life Insurance Quotes, Tobacco RBC Liberty Term
Life Insurance Quotes, Tobacco Prudential Term Life
Insurance Quotes, Tobacco No Medical Exam Term Life
Insurance Quotes, Tobacco No Physical Exam Term Life
Insurance Quotes, Tobacco Chase Term Life Insurance
Quotes.
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Term Quotes Insurance Services Recommends:
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Smoker's Term Life Insurance Quotes, Smoker's RBC Liberty
Term Life Insurance Quotes, Smoker's Prudential Term
Life Insurance Quotes, Smoker's No Medical Exam Term
Life Insurance Quotes, Smoker's No Physical Exam Term
Life Insurance Quotes, Smoker's Chase Term Life Insurance
Quotes.
High
Cholesterol Life Insurance: Quotes & Rates
High Cholesterol
Life Insurance: It is possible to obtain a Preferred
Underwriting Class (which translates into a cheaper
premium) if you have high cholesterol. Please review
our Cholesterol Quote
Form.
Life Insurance Companies are going to inquire as
to how long you have been on cholesterol and if it is
well controlled. This will be evidenced in the free
medical exam that you take when you apply for life insurance.
You may want to obtain a quote for a No Medical Exam
Life Insurance Policy or No Physical Exam Life Insurance
Policy. The medication you are taking is a consideration
as well. For example, VYTORIN is actually two "2"
medications in one. This can affect your underwriting
class as it may infer that your cholesterol could not
be controlled with one medication.
It is advisable to shop term quotes from Shop Term
Quotes Insurance Services instant, online quoter and
speak with our licensed life insurance agents regarding
your personal medical history.
Shop
Term Quotes Insurance Services Recommends:
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GE High Cholesterol Term Life Insurance Quotes, High
Cholesterol RBC Liberty Term Life Insurance Quotes,
High Cholesterol Prudential Term Life Insurance Quotes,
High Cholesterol No Medical Exam Term Life Insurance
Quotes, High Cholesterol No Physical Exam Term Life
Insurance Quotes, High Cholesterol Chase Term Life Insurance
Quotes.
Beneficiary - Life Insurance Quotes
& Rates
Life
Insurance requires that you name a beneficiary:
A beneficiary is who will be the recipient of your estate.
You can have multiple beneficiaries. Your life insurance
beneficiary can be any individual or entity. If you
name a trust as your beneficiary; you must provide the
exact name of the trust, the date when it was formed
and the tax i.d. number for the trust.
Life Insurance Beneficiary Proceeds:
When you designate a life insurance beneficiary,
you must declare the share (percentage) that the life
insurance beneficiary will receive. For instance, if
you designate two people as your primary life insurance
beneficiary; you must assign a percentage to each and
together that percentage must total 100%.
Life
Insurance Contingent Beneficiary: In the
event that your primary life insurance beneficiary is
no longer living or in the case of a business entity
(trust) no longer exists; you should designate a contingent
beneficiary. As in the case with your primary life insurance
beneficiary, your contingent life insurance beneficiaries
must be designated a percentage of the proceeds of your
life insurance policy that total to 100%.
It is advisable to shop term quotes from Shop Term
Quotes Insurance Services instant, term life insurance,
online quoter and speak with our licensed life insurance
agents should you have any questions or concerns regarding
beneficiaries.
Shop
Term Quotes Insurance Services Recommends: AIG
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Beneficiary Term Life Insurance Quotes, Beneficiary
RBC Liberty Term Life Insurance Quotes, Beneficiary
Prudential Term Life Insurance Quotes, Beneficiary No
Medical Exam Term Life Insurance Quotes, Beneficiary
No Physical Exam Term Life Insurance Quotes, Beneficiary
Chase Term Life Insurance Quotes.
Family History - Life Insurance Quotes
& Rates
Family
History Life Insurance: A question on the
life insurance application makes reference to your family
history. The Insurance carrier will look to see if your
family history will have a “genetic” impact
on your health. The question typically reads similar
to: Has any immediate member of your
family, prior to the age of 65 (sometimes 70) died from
or currently have: Diabetes? Heart Disease? Brain Anyuerism?
Stroke / TIA? Cancer?
Immediate
Family Member - Life Insurance Quotes & Applications:
An immediate family member consists only of your natural
Mother, Father, Brother & Sisters. Your Grandparents,
Aunts, Uncles & Cousins have no impact in underwriting
your life insurance coverage.
Unsure
of your family's history? You can answer
the application with the term, "unknown."
This is in the event that you were separated from your
family or you just don't know the answer. This also
applies in the case that you were adopted and do not
know your family's history. In which case, answering
"unknown" typically will not impact underwriting
your life insurance coverage.
Family
History - Life Events beyond your control:
In the event that a member of your family is deceased
due to an event beyond your genetic history this also
will not affect underwriting your life insurance coverage.
(i.e. died of alcoholism, car crash, etc.)
It is advisable to shop term quotes from Shop Term
Quotes Insurance Services instant, term life insurance,
online quoter and speak with our licensed life insurance
agents should you have any questions or concerns regarding
beneficiaries.
Shop
Term Quotes Insurance Services Recommends:
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GE Family History Term Life Insurance Quotes, Family
History RBC Liberty Term Life Insurance Quotes, Family
History Prudential Term Life Insurance Quotes, Family
History No Medical Exam Life Insurance Quotes, Family
History No Physical Exam Life Insurance Quotes, Family
History Chase Term Life Insurance Quotes.
S.C.U.B.A. Life Insurance Quotes
& Rates
S.C.U.B.A.
Life Insurance Quotes & Applications:
The key to underwriting your life insurance application
and quoting you correctly on your life insurance application
is to establish the difference between a recreational
Scuba Diver and a Professional Scuba Diver (commonly
known as a Commercial Diver). Also, multiple certifications
and depth of dives can be a determining factor in underwriting
your life insurance application.
Professional
Scuba Diver: You are viewed as a professional
if you accept money for the act of Scuba Diving. If
you are a Comerica diver, there are special life insurance
quotes & rates that you should obtain prior to submitting
a life insurance application.
Recreational
Scuba Diver: If you are a recreational diver,
this should not adversely affect your underwriting class
when obtaining life insurance.
Certifications:
Scuba Diver: If you have multiple certifications
this may adversely affect the premium you will pay for
your life insurance coverage. i.e. DAN (Diver Alert
Network), Cave Diver, etc. These certifications may
imply to a life insurance carrier that you have the
propensity to dive beyond recreational depths and be
considered and rated as a Professional Scuba Diver.
It is advisable to shop term quotes from Shop Term
Quotes Insurance Services instant, term life insurance,
online quoter and speak with our licensed life insurance
agents should you have any questions or concerns regarding
Scuba Diving.
Shop
Term Quotes Insurance Services Recommends: AIG
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Diver Life Insurance Quotes, Scuba Diver RBC Liberty
Life Insurance Quotes, Scuba Diver Prudential Life Insurance
Quotes, Scuba Diver No Medical Exam Life Insurance Quotes,
Scuba Diver No Physical Exam Life Insurance Quotes,
Scuba Diver Chase Life Insurance Quotes.
Foreign Travel - Life Insurance Quotes
& Rates
Foreign
Travel Life Insurance: The Life Insurance
Company is concerned about their insured's intention
to travel and past travel history. The impact of underwriting
foreign travel changes rapidly. If you are traveling
to a country that is on the United States, State Department's
Travel Advisory, your life insurance underwriting will
likely be postponed until you return. You can check
the State Department's Travel Advisory at http://travel.state.gov/travel/cis_pa_tw/tw/tw_1764.html.
Foreign
Travel Life Insurance: If you have been to
a country that is on the Travel Advisory in the last
2 years the life insurance underwriter will be considering
what is the likelihood of you returning to this country?
The reason you traveled to this country and more specifically,
where you stayed and in what region of the country traveled.
Foreign Travel can become a very "Specific"
underwriting task.
Foreign
Travel Life Insurance: Often times, if you
are now a United States Citizen and you are from a country
on the travel advisory list, you may still incur a lesser
underwriting class due to the fact that your family
still lives there or your business lends itself to that
region of a country on the State Department's Travel
Advisory List.
It is advisable to shop term quotes from Shop Term
Quotes Insurance Services instant, term life insurance,
online quoter and speak with our licensed life insurance
agents should you have any questions or concerns regarding
Foreign Travel.
Shop
Term Quotes Insurance Services Recommends:
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Foreign Travel Life Insurance Quotes, Foreign Travel
RBC Liberty Life Insurance Quotes, Foreign Travel Prudential
Life Insurance Quotes, Foreign Travel No Medical Exam
Life Insurance Quotes, Foreign Travel No Physical Exam
Life Insurance Quotes, Foreign Travel Chase Life Insurance
Quotes.
Military - Reserves Life Insurance
Quotes & Rates
Military
Life Insurance: "Active" military
- you can get underwritten for a life insurance policy.
Life Insurance applications do not specify the concerns
a life insurance underwriter has when underwriting a
life insurance policy for someone who is "Active"
in the military. The life insurance underwriting concerns
are similar to that of a "Reserve" Military
Applicant.
Reserves
Life Insurance: "Reserves Military -
you can get underwritten for a life insurance policy.
Life Insurance applications do not specify the concerns
a life insurance underwriter has when underwriting a
life insurance policy for someone who is a "Reservist"
in the military.
Military
& Reserve Life Insurance Applications:
The typical supplemental information that is asked for
is: What is your rank? What is the chance of you being
deployed, if not already? What specifically are your
duties? What country are you in? How long have you been
in the military? Are you receiving hazard pay or combat
pay?
Military
& Reserve Life Insurance Applications:
Typically you will be insured the same as any life insurance
applicant (subject to medical underwriting) but you
will, sometimes, get charged a "flat extra."
A "flat extra" refers to a specific dollar
amount per $ 1,000.00 of coverage. I.E. A $ 500,000
term policy for 20 years with a premium of $ 1,200.00
annually will also have a "flat extra" charge
to that premium of (i.e.) $ 4.50 per $ 1,000.00. Thus
your premium is $ 1,200 plus $ 4.50 X 500 equals "flat
extra" charge of $ 2,250.00; Total Annual Premium
equals $ 1,200 plus $ 2,250 = $ 3,450 annual premium.
The "flat extra" charge can usually be petitioned
off your policy once you retire from the military and/or
your chance of being deployed reduces to a degree acceptable
by the insurance carrier. These are all on a case by
case basis and there are only a few life insurance carriers
that will accept cover this risk. Speak with a Shop
Term Quotes Insurance licensed life insurance agent
for specifics to your situation.
It is advisable to shop term quotes from Shop Term
Quotes Insurance Services instant, term life insurance,
online quoter and speak with our licensed life insurance
agents should you have any questions or concerns regarding
Military & Reservist Life Insurance.
Shop
Term Quotes Insurance Services Recommends:
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Term Quotes Insurance Services Recommends:
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No Physical Exam Life Insurance Quotes, Reservist Chase
Life Insurance Quotes.
Pregnancy Term Life Insurance Quotes
& Rates
Pregnancy
Term Life Insurance: Many life insurance
carriers will offer you life insurance coverage up to
and through your 8th month - many will not. The earlier
in your pregnancy that you apply for life insurance
the better off your chances of obtaining not only life
insurance coverage but coverage at a more favorable
life insurance underwriting class (which translates
to a lower premium).
Pregnancy
Term Life Insurance: Applying for term life
insurance in the third trimester can be difficult. Often
times, when you are later into your final term, the
life insurance carrier will "postpone" your
case until you deliver your child. Shop Term Quotes
Insurance Services specializes in obtaining life insurance
for expectant families.
Pregnancy
Term Life Insurance: The life insurance application
does not ask specific questions regarding your pregnancy
but will address the following points of concern: Have
you completed a successful, non-problematic pregnancy?
Did you have gestational diabetes in a prior pregnancy?
Did you have elevated blood pressure, more than what
is normally associated with a full term? Did you deliver
early? Will medical records reflect a history of depression
during pregnancy? Will the medical records reflect Post
Partum Depression? Did you have a C- Section? Is a C-Section
planned? Do you have adequate health insurance? Is there
a history of Toxemia? Do you have a history of multiple
births? Do you have a history of premature births? Has
you weight increased after the first birth but not reduced
afterwards? What medications do you currently take?
Pregnancy
Term Life Insurance: Obtaining life insurance
coverage during pregnancy can become complicated. Shop
Term Quotes Insurance Services obtains life insurance
coverage for expectant families all the time. We are
specialists when it comes to obtaining life insurance
for your family.
Shop
Term Quotes Insurance Services Recommends: AIG
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Life Insurance Quotes, Pregnancy RBC Liberty Life Insurance
Quotes, Pregnancy Prudential Life Insurance Quotes,
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No Physical Exam Life Insurance Quotes, Pregnancy Chase
Life Insurance Quotes.
It is advisable to shop term quotes from Shop Term
Quotes Insurance Services instant, term life insurance,
online quoter and speak with our licensed life insurance
agents should you have any questions or concerns regarding
Pregnancy Life Insurance.
Calculating Coverage: Needs Analysis:
Life Insurance Quotes & Rates
Calculating
Life Insurance Coverage - Death Benefit Life Insurance:
Calculating & Determination: How much life insurance
coverage you require is not guesswork. There are many
schools of thought. Please consider the following:
Calculating
Life Insurance Coverage - Death Benefit Life Insurance:
The Death Benefit or proceeds of your life insurance
policy should perform a function other than to randomly
leave residual amounts of money to a family member or
entity (or so says the life insurance industry). The
basis of issuing life insurance coverage is based on
the need of that Life Insurance coverage. A "need"
or "justification" for life insurance coverage
is similar to: In the event of your untimely death,
will this result in loss of income to your family, business
or some other person or entity that is dependent upon
you? This "need" or "justification"
is referred to as " Replacement Income."
Calculating
Life Insurance Coverage - Death Benefit Life Insurance:
Another way of looking at life insurance coverage amounts
and life insurance death benefits is to determine if
in the event of your untimely death, will you need to
leave behind money to payoff a mortgage? a loan? a car?
a business? credit card debt? other miscellaneous debts?
Will you need to have enough proceeds from your life
insurance that they will satisfy your estate taxes?
Calculating
Life Insurance Coverage - Death Benefit Life Insurance:
There is always the option of having the proceeds from
your life insurance policy fund your children's education.
Or have the proceeds from your life insurance policy
protect a business from the loss of a key
person employee. Will the life insurance proceeds
be used to benefit a Charitable Remainder Trust? Or
Pay off a personal or business loan?
Calculating
Life Insurance Coverage - Death Benefit Life Insurance:
AIG Death Benefit Life Insurance Quotes, Genworth GE
Death Benefit Life Insurance Quotes, Death Benefit RBC
Liberty Life Insurance Quotes, Death Benefit Prudential
Life Insurance Quotes, Death Benefit No Medical Exam
Life Insurance Quotes, Death Benefit No Physical Exam
Life Insurance Quotes, Death Benefit Chase Life Insurance
Quotes.
It is advisable to shop term quotes from Shop Term
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agents should you have any questions or concerns regarding
Military & Reservist Life Insurance.
Calculating
Life Insurance Coverage - Death Benefit Life Insurance:
Insurance
Needs Calculator<click>
Free Medical Exam: Term Life Insurance
Quotes & Rates
Term Life Insurance
Free Medical Exam - Tips & Tricks &
Traps If you choose to have
a fully underwritten medical exam, you will
be engaging in a brief physical exam. This
is commonly referred to as a "Paramed
Exam" conducted by a "Paramed
Nurse." It is a very simple process.
Term Life
Insurance Free Medical Exam - Tips &
Tricks & Traps"Paramed"
nurse will come to your home or office.
He or She will check your Height, Weight,
Blood Pressure and take a blood and urine
sample. At that time, the "Paramed
Nurse" will ask you questions regarding
your personal medical history. You should
be fully aware of the questions they will
be asking and fully aware of how to answer
the questions in a manner that is best suited
to you obtaining the best possible underwriting
class. You do not want to expand your answers
into areas that appear to be related to
your personal medical history but do not.
Do not open doors where they do not need
to be opened. A WORD
OF CAUTION: The Paramed
Nurse is typically a "contract employee"
that is being paid "per diem."
Meaning they make income by conducting these
paramed exams. Some Insurance Carriers will
pay more money to have the exam conducted
than others. So it follows that you will
have some "good eggs" and some
"bad eggs." If you are clear and
concise in answering the questions regarding
your medical history you should have no
problems. The Paramed Nurse is a NURSE.
The Paramed Nurse is not a Licensed Life
Insurance Agent and cannot guide you regarding
questions relating to your application.
Be kind, courtesy and dismiss them as quickly
as possible from your home or office. Do
not make friends with the "Paramed
Nurse." Keep | | | 
