1. Do I need Life Insurance?

Life insurance is a key component of a sound personal financial plan. No matter your stage in life – young or old, single or married, with kids or without – you can usually benefit from having some form of life insurance. Our team of knowledgeable professionals can help you select a term and type of coverage that meets your current needs, as well as those to come.

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2. What kind of life insurance do I need?

Life insurance comes in several variations. Selecting the right policy, whether it be term life, whole life, or something else, doesn’t need to be as confusing as it sounds. The insurance professionals at Lifeinsurancequotetoday.com will explain the many different options that are available and help you choose the type of insurance that suits your lifestyle now and into the future. Here are brief explanations of the types of life insurance we offer:

Term Life Insurance
Term life insurance provides coverage for a specific period of time, and is therefore temporary. Typical policy terms are 5, 10, 15, 20, 25 and even 30 years. The premium is designed to stay level during that term period. This is the most popular form of insurance used today. Term life policies are usually renewable at the option of the policy holder until the insured reaches age 95 or 100. However, premium charges will usually increase each year after the end of the initial guaranteed term period.

Whole Life Insurance
Whole life insurance is permanent insurance, which is designed to stay in effect until death. Generally, the annual premiums are constructed to remain constant throughout the life of the policy, but are typically more expensive in the first few years as compared to term life insurance premiums. Whole life policies accrue cash value the longer you own them. Depending on the terms of the policy, accrual cash value may be borrowed from the policy or applied to premium charges. Policy proceeds may be reduced by outstanding policy loan amounts.

Universal Life Insurance
Universal life policies are a form of whole life, but offer greater flexibility. You can select the amount of premium you would like to pay (within limits established by the insurance company) and your policy benefits are adjusted accordingly. This allows you to change the amount of your premium or coverage in response to changes in your life situation.

Age 100 Level Guaranteed
Usually a type of Universal Life, these plans feature set premiums and death benefits to age 100. Many plans allow you to maintain the insurance without paying additional premiums if you live past 100.

Return of Premium (ROP) Insurance
ROP combines certain benefits of term life insurance and whole life insurance. ROP offers lower premiums and a guaranteed refund of the life insurance premiums paid during the term of the policy, provided the insured doesn’t die prior to the end of the term period. The refund may not include premiums paid for disability riders, rated policies, or other instances. Ask your insurance agent or licensed representative for more details. ROP policies are available in several variations, including 15, 20, and 30-year terms.

Survivorship or Second-to-Die
A type of Universal or Whole Life coverage, these policies pay a death benefit upon the death of the second of two insured people. It is particularly useful to individuals whose heirs will face substantial estate tax liabilities. The insurance company does not pay the death benefit until the second person dies. This then provides money to pay estate taxes when they are needed, or otherwise use the proceeds by the beneficiary.


Choosing between the many types of life insurance available is a function of where you are in life and what financial assets you are trying to protect. At LifeInsuranceQuoteToday.com, insurance professionals can help you decide which insurance is appropriate to your individual needs. Please contact us to learn more.

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3. How much life insurance do I need?

Despite what you may have heard or read, there is no magic formula for determining the amount of coverage you need. Instead, the answer depends on a number of factors that vary from person to person: things like age, marital status, income level, debts, mortgages and whether or not you have children. The company you choose to work with will help you evaluate your individual situation and select the coverage that’s right for you.

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4. How long should my term of coverage be?

Our partners offer a variety of policies that feature terms of 5, 10, 15, 20, 25 and even 30 years. Helping you select a term that is consistent with your financial objectives is their top priority.

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5. I am a smoker. Am I still insurable?

In most cases, you can obtain coverage for customers who smoke. Your premiums may be higher than a non-smoker, but you might be surprised at the rates that are  available. A short conversation with a member of our sales team from the company you choose will yield a detailed answer specific to your individual situation.

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6. I'm not in perfect health. Can I still get insured?

The insurance sales agent will ask you a number of specific questions about your health history that will be used to help determine whether you qualify for coverage. They have helped many customers who felt sure their health histories would preclude them from obtaining coverage find a policy that met their needs and was affordable.

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