Life is unpredictable, so it is important to be prepared and have the peace of mind that your future is secure. Life insurance is the perfect way to help protect you and your loved ones from the unexpected. A solid life insurance policy will help take care of your family financially once you are gone, as well as assist you during other twists and turns your life may bring. Whether you are single, married, just starting a family, or retired, life insurance is a tool that can help you and your loved ones during many critical times in your life.
The primary purpose of life insurance is to protect your loved ones against financial loss by providing a tax-free death benefit once you are gone. There are many advantages to life insurance that go along with the death benefit depending on the type of plan you select. There are three main types of life insurance to choose from: Term Life, Whole Life, and Universal Life. Each type is designed to fulfill specific needs and offer benefits so that you the consumer can be offered choices. Receive your choices!
Make sure you speak with one of our agents thoroughly before applying for a policy. Over the years we have discovered that most of our clients needs are different and there is no “cookie cutter” program that works for everyone. Contact us today to review what you wish to put in place for yourself so we can offer helpful suggestions in confirming your decision.
What do I need to purchase Life Insurance?
Let us first say that it does not cost any out of pocket money to apply for a life insurance policy here in Caifornia. The insurance companies will pay for the application and the examination needed while you are being considered for a life insurance policy.
The first requirement to obtain an insurance policy is fairly simple, you need to have a heart beat. Your insurability is based upon various factors including your current health and current age. To obtain life insurance you must first fill out an application showing at least one form of photo identification. You will then answer a list of questions regarding your health and medical history. This is why we recommend you meet with one of our agents in person. Some of the questions asked in a life insurance application can be very personal and at FinishLine Insurance Services we value the trust you put in us to make sure your information remains confidential.
You will need to set up a date to take a physical exam. The examination companies are usually a third party who employs mobile licensed phlebotomists to come out to your home or office to give you the exam.
Usually the exam will take about twenty minutes, where the examiner will ask a list of questions similar to the questions asked by the insurance agent. The examiner will take your height and weight measurements, along with a urine and small blood sample. These items and information will later be shipped to a laboratory for analysis. Again the examination and application process does not cost you any money out-of-pocket.
The second item you will need to have is a valid checking account. All financial institutions in California require that to receive monthly premiums for a life insurance policy, the funds must be transferred via EFT (Electronic Fund Transfer) from a checking account. If you wish to pay Quarterly, Semi-Annually, or Annually, you will then be billed through the mail. Money orders are generally not accepted by insurance companies as payment. To set up the EFT process the insurance agent will collect a VOIDED check from you at the time of application. This is so that when the first premium is drafted from the checking account, the policy is then placed in force.
The process of applying to a life insurance company takes roughly one to two months before a policy is placed in force. Set up an appointment with one of our agents today to get started with your application. Get Started
Life Insurance for Singles
Let face it, most single people do not think about purchasing life insurance for their own benefit. Getting a life insurance policy while you are young and single could have many benefits over waiting until later in life. If an unexpected death occurs resulting in your passing, who then would become financially responsible? Many young and single people do not realize the burden that can fall onto a loved one when and unexpected death occurs. When situations such as death arise; Time, Emotions, and Finances all come into play as the ones left behind make important decisions. Relieving your loved ones from this burden, by putting the proper preparations in place can make an enormous difference.
When a young person purchases a life insurance policy, he/she is not just benefiting their loved ones but can also dramatically benefit themselves. You see, it’s a common saying that: “You will never be as young and healthy as you are today”. Now for most of us this seems like a pretty obvious statement. Although, when you consider the power of owning a life insurance policy that has Cash Value benefits tied to it, this saying can become much more powerful. For a healthy young person with time on his/her side, the future financial benefit can be substantial.
Life insurance can be a wonderful investment for people of all ages. One fact that holds true is that the younger and healthier you are, the better the investment is. At Finish Line Insurance Services we specialize in building financial programs that take advantage of the significant tax benefits only life insurance provides. Contact us to speak with an agent, we can build a program that forecasts your financial future today.
