How Life Insurance Works and Your Employer’s Policy Is Not Enough

Note – The following post about how life insurance works is sponsored by USAA. All opinions are my own. My wife and I have life insurance through our employers. But, here’s a secret Americans don’t talk about much – Our life insurance from our jobs isn’t always enough. In fact, most of the time it’s not enough coverage to protect our families should the unthinkable happen (the death of an income earner in the family). I’m in the US Army. I have Servicemembers Group Life Insurance (SGLI) to the turn of $400,000 in coverage. While SGLI’s $400k is a very generous term life insurance policy and it has very low premiums, it’s still not enough insurance coverage. I have four … Read more

Top 3 Reasons That I Love Term Life Insurance and You Should Too

Why I love term life insurance

I am a huge fan of term life insurance, and I do not favor whole life insurance or cash value life insurance. For most people, term life insurance is the best option. Very few consumers need permanent life insurance. There are many benefits to term life insurance that make it a great insurance product for people who are looking to protect their income and continue to provide for their families and loved ones in the event of their untimely death. Why You Should Love Term Life Insurance Term Life Insurance Is Cheap The best benefit of term life insurance is its price. Term life insurance is incredibly cheap when compared to whole life or cash value life insurance products. Whole life … Read more

Life Insurance is More Useful Than You May Think

Difference Between Whole Life and Term Life Insurance

You do what you can to protect your family’s future. You work hard to provide an income and health insurance. Have you considered making life insurance a part of that protection plan? Ask yourself a serious question: “Would there be a significant financial burden left to my family if I died tomorrow?” If the answer is yes, it may be time to speak to a financial professional that can help you find a trusted insurer for life insurance coverage. Here are a few reasons why you may want to consider buying a policy: Protect Your Family’s Finances While you cannot predict a sudden death, you can be financially prepared for whatever may happen. Your life insurance policy could pay for … Read more

7 Reasons You Should Consider Life Insurance Prequalification

When To Buy Insurance

Have you considered life insurance prequalification? The following is a guest post by KJ Price. KJ Prince is an insurance agent and the founder of Insurance Engine. When he’s not writing about insurance he enjoys technology, design, CrossFit, and fly fishing. If you’d like to submit a guest post on Money Q&A, please check out the site’s guest posting guidelines.

Life insurance prequalification is a process top-notch life insurance brokers utilize for uncovering important information about life insurance applicants. Prequalified life insurance quotes are not guesses or estimates, they are accurate rate quotes based on your actual life insurance risk profile.

In this article we’ll cover 7 reasons you should consider life insurance prequalification and how the process works. By the end of the article you’ll understand why you should get prequalified and how the prequalification process works.

You Should Consider Life Insurance Prequalification

So let’s jump right into the first reason you should get prequalified….

Life Insurance Prequalification is Usually Free

This is a no-brainer folks. Life insurance prequalification is usually free and without obligation. If your broker asks you for a fee to pre-qualify you, you should find a new broker.

The best life brokers utilize prequalification as part of their normal process. But not all insurance brokers are created equal. If you’re working with an impersonal, call-center brokerage then they probably won’t bother going through the lengthy (and costly) prequalification process.

These types of insurance brokerages are focused on getting you in and out of their agency as soon as possible. In fact, we’ve heard that some agencies monitor how long their agents spend on the phone with each client and incentivize them to spend LESS time with you! Therefore, they skip some of the most important parts of the prequalification process, which we’ll explain later.  

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9 Tips for saving $1,000 in 12 months

How to Save Money with Coupons

What would an extra $1,000 do for you? Whether you need to pay off a handful of bills, reduce debt payments or pay for a vacation, most people would agree that extra cash is helpful. Here are some great ideas to save money. Not all of these suggestions will work for you. Read through and check out the items that will help you the most.  If you need a little extra cash this year, here are a few ideas to save money that can save at least $1,000 this year. Top 9 Easy Ideas to Save Money Low Income Benefits If you are a low income earner really finding it difficult to get by…then get help! Did you know that there are … Read more

Pros and Cons of No Exam Life Insurance You Need to Know

When Should You Buy Life Insurance

If you have been holding off on getting life insurance because you were worried about the exam that precedes a policy approval, there is good news for you. Not every kind of life insurance requires that you go through the exam procedure. Before you commit to no exam life insurance, you should be aware of all the pros and cons of doing this. Read on to learn more about these policies and whether it might be the right fit for you. Pros of a No Exam Life Insurance Of course, the process of applying for this life insurance is easier because you don’t have to go through the exam. This often eases a lot of your fears about the application and … Read more