|
|
736 Whalers Way, Bldg G, Suite 110
Fort Collins, CO 80525 |
|
|
How to pick the best life insurance policy
When considering life insurance the first question to contemplate is: Who has an insurable interest? Or who would be impacted by an unexpected death? The most popular answers are typically your spouse (or partner) and children; those who depend on you! Occasionally a mortgage company will require life insurance coverage on larger building loans. Also, businesses might have an insurable interest on a particular employee who is considered to be very important to the company. This is called Key Man Insurance. Business partners will also consider Buy/Sell Life Insurance which would allow the surviving partner to buy the assets in the event of an untimely death. Take Advantage of KDM’s “Independent Broker” Approach! In 2011, LIMRA reported in an article entitled Trillion Dollar Baby, that 3 in 10 households have no life insurance protection at all. 50% of those who have life insurance indicated that they needed more. So why is this need going unmet? Is it price? Is it the difficult application process? Or is it simply something we just put off until later? KDM Insurance LLC, is an independent broker which means we shop the market to find the best deal for you. Our goal is to find you the best price! We’ll use your basic information to pull a quote which will include around 20 different life insurance carriers. We’ve simplified the application process too! We collect a minimum amount of information which we’ll provide the carrier and then they’ll call you to complete the application over the phone and schedule the Paramed Exam at the same time. From start to finish, the process to acquire life insurance takes about 3 to 4 weeks - but it’s definitely worth having the peace of mind! How much life insurance should I have?
When determining how much life insurance you need, consider the following:
Term Life insurance or permanent life insurance?
Buy Term Life Insurance Online Term insurance is by far the cheapest way to get covered and is usually quoted in 10, 15 and 20 year lengths of time at a level premium. We recommend term insurance to most clients. Be careful of the direct mail flyers that advertise life insurance as we’ve discovered these are almost NEVER a bargain. Buy Permanent Life Insurance Online Permanent life insurance coverage comes in several forms. It is typically used when a certain amount of proceeds must be passed on to the beneficiary. An example of an appropriate use of permanent life insurance would be to help pay inheritance tax, etc. There are scenarios where permanent life insurance policies can be used as investment vehicles, however many permanent policies are sold inappropriately and are underfunded so they’ll eventually self destruct. Be sure to use a trusted adviser in this area. We would love to help you choose the type of insurance that best fits your family’s needs. Let us show you a quote today! You’ll be surprised at the value we can provide and the ease of the application process. |
Get in touchWe do not sell your information. Please note this is a general form and do not include sensitive medical information. |
