The Benefits of Whole Life Insurance

Pete Gordon discusses why whole life insurance is critical both for the death benefit and for “living benefits.” Whole life insurance is the engine that makes infinite banking run.

Term Life Insurance with Living Benefits | Mark Stueven

Find out how life insurance with living benefits can provide financial protection for you and your family.

Severe illnesses can happen at any time, to anyone. Fortunately, families can help protect themselves financially in their time of need with a Transamerica Trendsetter LB life insurance policy. It offers early access to the policy’s death benefit to help pay for expenses brought on by a qualifying critical, chronic or terminal illness.

Your Federal Insurance Benefits For Employees

Your Federal Insurance Benefits For Annuitants and Retiring Employees

Transamerica Low Cost Life Insurance with Living Benefits Augusta,Ga.
If your Life Insurance requires you to DIE to use it…then you NEED to replace it!!!

This 4 minute video explains how you can have a low cost term policy that gives you access to tens of thousands… or hundreds of thousands of $$ of tax free cash if you have a heart attack, cancer, stroke or other critical and chronic illnesses.

Call Jerry Johnson at (706)751-4432 for a no obligation quote.

General benefits of life insurance

The right types and amounts of insurance can provide you with peace of mind, knowing that life’s unfortunate and unforeseen events won’t stop you from achieving the goals you have for you and your family.

Why Obtaining Life Insurance is Essential

People have a tendency to dismiss life insurance policies altogether. It is difficult to think about our mortality, and we always assume we have enough time to wait to deal with such things later. Plus, the economy’s decline has made pinching pennies a necessity for most, and as such, expenses like life insurance are often the first to be cut. Before ignoring life insurance altogether or stopping the payments on the policy you already have, it is imperative that you give the matter some serious consideration first. There are some key factors you may be looking past.

If you are the highest earning member of the family and you should pass, your loss will effect your remaining loved ones in more ways than just emotional grief. Of course, there will be several financial expenses that they will be left with after you are gone. With a solid life insurance policy in place, you can be sure that you leave them some sort of amount to help pay off those expenses without digging too deeply into their own pockets. The economy suffering is not a reason to cut back on life insurance. It is a reason to go all in for the sake of your family!

The same applies even if you are not the highest earner however. No one likes to think about their own inevitable death, but it is happening all the same, and possibly sooner than you even realize. There is no telling what might happen. That in mind, don’t you want to be prepared? Don’t you want your family to be prepared? With the right policy, your family may well be taken care of in full regarding your death’s related expenses. There are many options that will cater to your lifestyle and income. Shop around for life insurance at Waterway Financial Group and choose whatever life policy you can get. In the end, your family will thank you.

Medicare Supplement Insurance Is A Great Help In Paying Expenses

We tend to require more expensive and extensive medical care the older we get. If the cost of your insurance exceeds the limit of the insurance, your life may be at stake because there may be a question as to whether you have enough money for the medical treatment that you require. Fortunately, there is still a way to have all of the expenses covered through Medicare supplement plans, or Medigap plans.

Medicare is a government program that pays roughly 80% of a persons medical care costs. A medicare supplement plan is designed to cover the remainder of the costs. This enables a person to be able to afford any treatment that is available, no matter what the cost. Medicare supplemental plans are only available to people who are age 65 or over, or for disabled persons who are under age 65.

Medigap coverage is relatively inexpensive, because it only covers the difference of what Medicare doesn’t cover. This way, Medicare Supplement coverage is within the range of affordability for most people. It is a comforting thought to know that you will have excellent health insurance coverage no matter where you have to go to the doctor, because you are covered with any doctor, as long as he or she accepts Medicare.

medicare supplemental insuranceYou can apply for a Medicare Supplement plan, with no pre-existing condition exclusions 3 months prior to your 65th birthday and after your birthday as well for an additional 3 months. After that you will have to qualify medically if you are applying for a new plan, or you have a qualifying event, such as you company ceasing to do business in the state in which you live.  Whether you are inside the window or not, getting the best rates depends on getting good medicare supplement quotes.  You can get the best quotes from a local agent or use to get a set of Medigap quotes that are customized to you.

People should look into a Medicare Supplement plan when they are nearing retirement in order to take advantage of the benefits for which they are entitled.

Who is funeral insurance best suited for?

Death is something that is certain in everyone’s life. With that said, everyone wants to be prepared for the day that that they pass away. Most people are familiar with life insurance and the benefits of having it. Besides life insurance, there are other options available that a person can choose to prepare for their death. Many people choose to get funeral insurance, also known as burial insurance, as it is usually a less expensive option.

When an individual purchases funeral insurance, they are assured that all of their final burial expenses are covered. It is very important to have these expenses covered as a burial can easily exceed $10,000. Nobody wants to leave a financial burden on their loved ones. Family members and friends will already be grieving, and an individual will not want them to have to worry about any money issues. Funeral insurance is a great option for those who do not have many assets or cash savings. When a person reaches a certain age, their life insurance policy can easily become unaffordable. Funeral insurance is not as expensive and is affordable for most individuals.

Those who want to plan their funeral ahead of time may want to consider getting funeral insurance. They can make sure that everything for their funeral is set up exactly the way they want it and will know all the costs involved. If they feel that certain things will be unnecessary, they can deduct certain expenses. Also, if they want an elaborate service, they will know what the extra costs will be. Funeral insurance is also great for those who have health problems. Unlike many life insurance policies, there is usually no health examination required. This means that those with an existing health issue will not be denied the insurance that they need.

Unlike a life insurance policy, funeral insurance does not issue a payment to a person’s beneficiary to be used in any way that they like. Instead, the money can only be used to cover expenses that are associated with an individuals funeral. Basically, a person will be prepaying their funeral expenses before they pass away. By having burial insurance, a person will have peace of mind knowing that they have taken care of the financial responsibility of their funeral. Also, they will know that they are going to have a dignified funeral just the way they planned it.

Life Insurance For Those with Medical Issues

Life insurance can be confusing. That confusion can be compounded when you have medical issues. People who have diabetes, heart issues and high risk factors often think that life insurance companies will not approve them.

One of our readers emailed us recently about a high risk life insurance situation.

I know that life insurance companies require blood tests. I have smoked marijuana a couple of times in the last year. Will this hinder me from getting coverage?

We set out on a search and talked with Jeff Root from He deals with impaired and high risk life insurance. What we found is that you can get coverage with many types of impaired risk. Here is what he had to say about marijuana smokers.

“The key in getting the best life insurance rates as a marijuana user is securing non-smoker rates.  If you smoke up to 2 times per week, you can secure non-smoker rates and cut your rates in half”, says Jeff Root.

Consumers also worry companies or insurance agents will report them to the authorities for marijuana use. HIPAA privacy laws prohibit an agent or insurance company from sharing this information with anyone. You can rest assured your privacy and health information will be protected.

The following are the top 5 high risk life insurance types he deals with:

Life insurance for diabetics

Life insurance for marijuana users

Life insurance for smokers

Life insurance with Multiple Sclerosis

Life insurance with Cohn’s Disease

If you have any of the above conditions rest assured that affordable life insurance can usually be found for you. The biggest thing we have learned is that some companies have much cheaper rates than others for impaired risk.

For example, one quote we ran was $100 per month for $500,000 of term life insurance. This was with one company. We then ran a quote with an agency that represented 35 plus companies and found the rates dropped to $64 per month. Whatever your situation, make sure to do your homework and work with a company that offers multiple quotes.

For more questions about your financial or life insurance issues feel free to email mail me!