Experiencing Rapid Growth in an Expanding Market

Simplified products were first aimed at the seniors and the hard-to-insure market, many of whom had health issues and couldn’t get traditional coverage. Now these products are covering both ends of the spectrum, attracting the brisk, on-demand, millennials and those that are healthy, but find the underwriting arduous, or don’t want to have a medical. In many cases, rates for the Simplified Insurance plans are comparable to underwritten plans especially if someone has a larger build, or takes a combination of medications, i.e. for hypertension/diabetes. These cases are typically ‘rated’ with a higher premium with underwritten products, so a Simplified Plan is often a better choice, as it could save you from facing a substandard rating, postponement, or decline.

So whether you are 18 or 80, are hard to insure or in good health, I have a plan that’s right for you. For more information on Simplified Issue and other life insurance products, contact me for a free no-obligation quote.

Life insurance is used as part of an estate plan and has many uses including income & probate taxes at death, mortgage and other debt repayment, income replacement, educational expenses, and wealth accumulation for heirs. It is also used to fund business buy-sell arrangements.

Proceeds from life insurance are generally paid out tax free to beneficiaries and are kept separate from the estate.

For tax planning purposes, life insurance should be considered an asset not an expense.  Read more…