Helping you protect what matters most

Video

Check out this great video

Life Insurance basics for Individuals & Families

image34

Life Insurance

 

LIFE INSURANCE

In its simplest form, life insurance is a promise between an insurance company and you, the policy owner. If you pay a certain amount of money (premium) to the insurance company, the insurance company will pay a certain amount of money (death benefit) to the person (beneficiary) you tell us to when the person whose life is being insured dies.

There are many types of life insurance. Term insurance only provides a death benefit for a limited period of time. By contrast permanent insurance can provide a death benefit and the potential to build policy cash value that you can access during your lifetime using policy loans and withdrawals.1 Permanent insurance can also offer the flexibility to increase or decrease your death benefit as your needs change, as well as the potential to reduce or skip premium payments.2

WHOLE LIFE INSURANCE

  


Learn more

Offers:

· Guaranteed death benefit3

· Guaranteed cash value

· Potential additional cash value by the receipt of any dividends declared by the company. Although not guaranteed, dividend payments are generally declared annually by the company.

· Level premiums that are guaranteed to never change.

These policies are designed for individuals who want guarantees and who are focused on providing death benefit protection over cash value accumulation.

UNIVERSAL LIFE INSURANCE

  

Learn more

Offers:

· Flexible death benefit

· Flexible premium

· Policy cash values are credited a current interest rate that is set by the insurance company and which is subject to change but it will never be lower than a guaranteed minimum interest rate.3

May be ideal for the consumer who has a need for life insurance, is somewhat conservative, and wants the guarantees of a fixed, minimum interest rate with the potential for additional interest credits.

Increasing the death benefit may be subject to additional underwriting approval.

INDEXED UNIVERSAL LIFE INSURANCE

 Learn More

Offers:

· Flexible death benefit

· Flexible premium

· Cash value grows based on an interest crediting strategy that is tied to changes in a market index such as the S&P 500.4

· Downside protection through minimum guarantees3 to ensure that your cash value will not decline due to decreases in the Index.

May be ideal for those who need death benefit protection but are focused on cash value accumulation for lifetime needs such as supplementing retirement income.

Increasing the death benefit may be subject to additional underwriting approval.

TERM INSURANCE

  

Learn more

Offers:

· Guaranteed death benefit for a fixed period3

· Fixed premium

· No cash value

· Coverage is for a certain period of time (term), usually for a specified number of years or to a specific age of the insured.

· Initial premiums tend to be lower but will eventually increase.

May make sense for those with budget limitations, have large protection needs or have a temporary need.

I know what type of life insurance I want, how do I buy it?

  

Learn more

Before you can purchase life insurance, you need to qualify for it.

We will ask you to provide us with information that we then use in what is called underwriting. This is the process that an insurance company uses to determine the risk of insuring your life. The healthier you are and the fewer risks you take, will positively impact your policy.

First, we will confidentially ask about your height, weight, date of birth, lifestyle habits (i.e., smoking, drinking, exercise), and in order to make sure you are not asking for too much life insurance protection, we will also ask for financial information, including your annual income. If we need more information, you may be asked to take a physical exam at our expense and at your convenience, typically at your home or office.

We do all of this in order to have the most complete picture of you.

Second, all of this information is provided to an underwriter, this is someone who is specially trained to assess your application and determine what risk, if any, exists. Once all of your information has been reviewed, the company will either approve or deny your request. That process can take days or weeks depending on the information received.

Lastly, your agent will contact you and go over the results of your underwriting and details of your policy.

Contact Us

Drop us a line!

Better yet, see us in person!

We love our customers, so feel free to visit during normal business hours.

1lifequote.com

1lifequote insurance services PO BOX 53438 Riverside, CA 92517 US

(909) 560-8858

Hours

Mon

9:00 am – 5:00 pm

Tue

9:00 am – 5:00 pm

Wed

9:00 am – 5:00 pm

Thu

9:00 am – 5:00 pm

Fri

9:00 am – 5:00 pm

Sat

Closed

Sun

Closed