Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
The person with the best permanent life insurance plan is you, if your plan is in force at the full face amount. If you die your heirs are not going to care whether your plan had the best rate of return or the lowest “net cost.” They will be thrilled that you loved them enough to provide the death benefit that they received because the policy was in force.
The best permanent life insurance is the policy that is in force on the day that you die. Regardless of premiums paid, the death benefit will normally be far greater. Permanent life insurance is much more likely to pay a death benefit as only a very small percentage of term life insurance policies result in a death claim.
It is quite likely that the best permanent insurance life policy is the one that you purchased several years ago. In this situation, the older, the better. As a policy gets older the increase in cash value each year approaches the premium, making the actual cost of the policy negligible.
It is quite likely that the best permanent life insurance policy is the one that you purchased when you were in better health. If you can only get “rated” life insurance now, then obviously, a non-rated policy would have been better. Many companies offer preferred and extra-preferred rates to individuals, who meet certain weight guidelines, are free of a history of certain diseases and exhibit other healthy characteristics. Over a life time these discounts are significant.
The best permanent life insurance policy is one that doesn’t have any loans against it. Loans are perfectly acceptable, however, they do accrue interest and they also reduce the death benefit. While a loan may be appropriate, paying back the loan is also a good idea.
The best permanent life insurance policy is the one with an up to date beneficiary. A remarkably high number of policies are paid to the “wrong person” every year. This person isn’t wrong according to the law; however, it is not the person that the owner of the policy wished to receive the benefit.
The best permanent life insurance policy is the one purchased from a knowledgeable life insurance agent. This is an agent who has been recommended to you. This agent should listen carefully to you and provide solid financial advice. When the agent makes recommendations they should be in the form of a plan that you can handle financially. It doesn’t do any good to start a plan only to later discontinue the plan.
The best permanent life insurance policy is the one which is reviewed each year with that same knowledgeable life insurance agent. If there are changes necessary the agent can take care of them quickly saving you consternation later. Since additional protection might be necessary to meet your changing requirements, the agent can give solid advice on how best to cover those needs.
The best permanent life insurance policy isn’t the result of the superior results of an insurance company. Every company admitted in your state has been scrutinized by your insurance commissioner. Your insurance commissioner is charged with administering the insurance companies admitted or domiciled in your state. In particular, the commissioner is interested in making sure that the insurance companies can keep their promises. In the end that is what you want, a promise kept.
The best permanent life insurance policy is the one that you already own or the one that you will purchase soon.
President, Lane Independent Agency, Southern California
Getting insurance you can afford is the first step. If you cannot afford it, you will eventually cancel it. Second, go with a company that provides quality coverage, lots of benefits, at a good price. We have a product exclusive to our brokerage, through one of America's oldest carriers, which provides not only a death benefit, but a variety of living benefits, saving you large sums of money and allowing you to have only one policy for a variety of protections. If you become disable, ill, chronically or terminally, it allows you to receive up to 90% of your death benefits while you are living. You can use it for experimental drugs anywhere on Earth. Isn't this the type of protection you really want? I am eager to help anyone, anywhere, with this type of coverage and provide all the details. Love to hear from you all. Thank you. Gary Lane. 714 422 9616.
There are different types of permanent insurance: Whole Life, Universal Life, Indexed Universal Life, and variable products. Then there are variations to each of these. Every product is designed to work best for a specific type of person, and specific purposes.
The best way to know which is the best for you is to contact an agent, explain your goals for your policy, tell them your health details, and let them shop for you. You are going to have this policy for the rest of your life. Consult a professional and get one that accomplishes your goals at a cost that you can afford.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Who has the best permanent life insurance? Well, the answer is similar to which medical school is the best one? The answer is the one that accepts you.
The good thing for consumers is their is a large number of "best" companies to work with. They have the financial ratings and history to be among the best out there.
It really comes down to who will take you at the best price you're willing to pay. These companies underwrite to the market they want. You may find one company offers a better deal because you fit their ideal client model. For somebody else? Maybe not.
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The best permanent life insurance is the policy that is in force on the day that you die. Regardless of premiums paid, the death benefit will normally be far greater. Permanent life insurance is much more likely to pay a death benefit as only a very small percentage of term life insurance policies result in a death claim.
It is quite likely that the best permanent insurance life policy is the one that you purchased several years ago. In this situation, the older, the better. As a policy gets older the increase in cash value each year approaches the premium, making the actual cost of the policy negligible.
It is quite likely that the best permanent life insurance policy is the one that you purchased when you were in better health. If you can only get “rated” life insurance now, then obviously, a non-rated policy would have been better. Many companies offer preferred and extra-preferred rates to individuals, who meet certain weight guidelines, are free of a history of certain diseases and exhibit other healthy characteristics. Over a life time these discounts are significant.
The best permanent life insurance policy is one that doesn’t have any loans against it. Loans are perfectly acceptable, however, they do accrue interest and they also reduce the death benefit. While a loan may be appropriate, paying back the loan is also a good idea.
The best permanent life insurance policy is the one with an up to date beneficiary. A remarkably high number of policies are paid to the “wrong person” every year. This person isn’t wrong according to the law; however, it is not the person that the owner of the policy wished to receive the benefit.
The best permanent life insurance policy is the one purchased from a knowledgeable life insurance agent. This is an agent who has been recommended to you. This agent should listen carefully to you and provide solid financial advice. When the agent makes recommendations they should be in the form of a plan that you can handle financially. It doesn’t do any good to start a plan only to later discontinue the plan.
The best permanent life insurance policy is the one which is reviewed each year with that same knowledgeable life insurance agent. If there are changes necessary the agent can take care of them quickly saving you consternation later. Since additional protection might be necessary to meet your changing requirements, the agent can give solid advice on how best to cover those needs.
The best permanent life insurance policy isn’t the result of the superior results of an insurance company. Every company admitted in your state has been scrutinized by your insurance commissioner. Your insurance commissioner is charged with administering the insurance companies admitted or domiciled in your state. In particular, the commissioner is interested in making sure that the insurance companies can keep their promises. In the end that is what you want, a promise kept.
The best permanent life insurance policy is the one that you already own or the one that you will purchase soon.
The best way to know which is the best for you is to contact an agent, explain your goals for your policy, tell them your health details, and let them shop for you. You are going to have this policy for the rest of your life. Consult a professional and get one that accomplishes your goals at a cost that you can afford.
The good thing for consumers is their is a large number of "best" companies to work with. They have the financial ratings and history to be among the best out there.
It really comes down to who will take you at the best price you're willing to pay. These companies underwrite to the market they want. You may find one company offers a better deal because you fit their ideal client model. For somebody else? Maybe not.