Tag Archives: standard

Simple Life Insurance vs. Traditional Life Insurance

lifeInsurance-300x202Let’s face it. We don’t always have total control over our lives – unexpected things can and do happen. However, we can take steps to reduce the damage those unexpected things cause. Life insurance is one of those steps.

Think of all the people in your life who count on you: your spouse, your kids, and possibly others. How would they cope financially if something happened to you? This is such an important question to ask ourselves.

While it’s never too early to plan for the unexpected….it can be too late.

Let’s be honest: we all know there are some drawbacks to buying life insurance. We have to meet with the agent, then have a medical exam, then the insurance company requests doctor records, etc… It can be a long process from signing the application to having the policy issued – the average time can be 2-3 months.

Good news….This is what the process use to look like.

In 2015, we now have a new and simple way of purchasing life insurance coverage.

Tell me how you like this scenario? …You meet with your agent, sign the application, receive a decision within 72 hours, and have a life contract in your hands within 7-10 days? There is NO blood work, NO labs, and NO parameds… NO Waiting!

The types of products that are available for this type of program are:
1. Term Life
2. Universal Life
3. Whole Life

Since there are no medical exams, Simplified Life Insurance of this type will cost a little bit more than traditional life insurance. The reason for this is that the best rating class will be “Standard.” What this means is, if a person went through the traditional process and had the medical done, they could conceivably be rated “Preferred” and get a better premium rate.

The decision to be eligible to buy a simple life policy versus a traditional life policy will be made with you and your agent.

Some valid facts why Simplified Issue Life Insurance may be for YOU:
1. You don’t like needles
2. You want more privacy
3. You want the insurance sooner than later.

You have one life, and many people rely on you. The choice can be simple or traditional.

You would never think of not buying insurance for your car, house, boat etc. Yet many of us go without insuring our own lives. Contact your agent today to find the best way to insure YOU! Please, we urge you not to let your most important asset go uninsured.

Richard Montenegro, Jr.
Managing Partner
FIS Marketing, LLC
3900 Veterans Memorial Highway
Suite 251 (Field Office)
Bohemia, NY 11716
Cell: 631-312-6344
Fax: 585-625-0318