Alan Daniel Term Life Insurance Weblog

Transamerica Term Life Insurance Quotes

Alan Daniel — Thu, 30 Aug 2007 14:31:57 +0000

At Daniel Insurance Agency, LLC we work with the top rated life insurance companies in the country including Transamerica Occidental Life Insurance Company and Transamerica Financial Life Insurance Company. We are knowledgable as to which company fits different medical conditions and will shop your cases appropriately.

Transamerica Occidental Life and Transamerica Financial Life has learned quite a bit in 100 years. (Transamerica Occidental Life Insurance Company was incorporated in 1906.) More than a century of experience means Transamerica knows financial services and how to help meet the changing goals of their clients. From their pioneering work in term life insurance at the turn of the last century, to their premier universal life products today, their experience is one of their biggest assets.

Transamerica Occidental Life and Transamerica Financial Life’s numbers speak for themselves, but what do ratings and numbers mean to you? They mean safety and stability. As members of the AEGON Group — one of the world’s leading life insurance organizations — Transamerica Occidental Life and Transamerica Financial Life have built our reputations on solid management, sound decisions, and consumer confidence. With over one million insurance policies in force, top ratings, and more than 100 years under our belt, we’re not going anywhere. With a century of experience, premier products, a stellar reputation, and top-notch resources, their specialty is helping you meet your financial objectives so you can get back to enjoying life.

Let Daniel Insurance Agency, LLC review your current life insurance policy and provide you with instant term life insurance quote or request a personalized quote from an agent to explore all options.

Life Insurance For People Over 80 Years Of Age

Alan Daniel — Mon, 27 Aug 2007 16:01:56 +0000

Can you buy life insurance for people over 80 years of age? Of course. At 80 years old you may not have as many options in purchasing a life insurance policy, but you can still get term life insurance quotes as well as other types of coverage. Also if you have an existing policy you are considering replacing, you may have any opportunity to sell that policy for cash instead of just letting it lapse.

Being 80 years old isn’t what it was 10 to 20 years ago. Now many people over age 80 still find they have a need for life insurance whether to protect their estate, family or business interests.

Life is still very much ahead of you, but each year you wait does increase the premiums you will pay. Get quotes today and make sure to speak witth an agent about all your options as just getting an instant quote for term life online may not be the only or best option for you. The agents at Daniel Insurance Agency, LLC will work with you to uncover the right product and rates to meet your goals and needs.

Cigarette Smokers, Tobacco Term Life Insurance

Alan Daniel — Sat, 25 Aug 2007 15:30:00 +0000

All life insurance companies but a select few will offer smoker rates regardless if you smoke cigarettes, cigars, chew tobacco, or nicorette gum etc. The few life insurance companies that will offer non-smoker rates to alternate tobacco users other than cigarettes can save you 50%-100% in cost. Some are aggressive to the extent where Preferred Plus and Preferred non-smoker rates are available as long as you medically quality. It is important to deal with an agent that is aware of the different outlets for economic reasons as pointed out.

For light cigarette smokers, there is a life insurance companies that will offer a non-smoker rate. This is extremely competitive to the extent no other carrier will consider this. This is a great opportunity for those of you who smoker on occasion.

The life insurance industry views your health habits as a key factor in determining your cardiovascular risk. In fact, you may be able to bring your blood pressure readings into a safe range simply by making changes in your lifestyle. Doctors have long known that smoking promotes heart disease, but for a long time smoking didn’t appear to have a direct connection to hypertension. Observations have revealed a crucial link that earlier studies missed because blood pressure is generally measured in doctor’s offices and clinics, where smoking is prohibited.

Just because you smoke or use tobacco does not mean life insurance is not affordable. You have options and need to review with an agent experienced in finding smokers the best term life insurance quotes available.

Private Pilots Term Life Insurance

Alan Daniel — Wed, 22 Aug 2007 13:55:39 +0000

Private pilots have special challenges when purchasing term life insurance. The fact is that most life insurance companies and agents don’t understand the actual risks involved in aviation and are unable to find pilots the most cost-effective coverage. We work with a large number of pilots and understand how to get the best life insurance rates for private and commercial pilots Click Here for Pilots Term Life Insurance Policy!

Commercial pilots are treated like any health risk in the life insurance industry. Private pilots are not. Most life insurance companies charge extra premium if you are a private pilot or even exclude aviation coverage. Although, there are a select few that do not.

The main factors looked at are:
1. IFR
2. VFR
3. Total hours solo
4. Annual hours
5. What type of aircraft
6. Medical factors and more.

We know that AOPA offers competitive rates for private pilots. But with that being said, there are private insurers that are A+ rated that are more competitive in cost. Make sure your agent knows what carriers specialize in private pilots to ensure economic value. At Daniel Insurance Agency we can help you lower your life insurance rates and make sure you and your family are protected. Give us a few minutes to see how much you can save.

Private Pilots Term Life Insurance

Life Insurance for Estate Planning

Alan Daniel — Thu, 16 Aug 2007 14:41:41 +0000

Life insurance plays two roles in the job of estate planning. One is providing estate liquidity and two is enhancing the estate. The principal role of life insurance in estate planning is to provide funds to facilitate estate conservation. Clients can use life insurance policies to pay estate taxes and settlement costs rather than having to liquidate estate assets to pay these costs.

The most utilized life insurance product sold in this space is second-to-die life. This product was designed to pay at the second death since at the first death assets are passed through the unlimited marital deduction and other methods that may be established by your tax attorney. Many consumers consider cheap level term life insurance with a full convertibility feature to protect their health in future years. This feature will allow you to convert to a permanent product in the carriers portfolio at the same rate class you were issued for the original term policy purchased. The cost will be factored in at your current age. Many twenty year level term life insurance policies have the feature for the full term.

Estate planning is a part of the larger job of lifetime financial planning. So much wealth is exposed in the federal estate tax arena for lack of planning. We work our whole life to build an estate and then come to find that up to 50% of it is gobbled up for estate tax’s at the second spouse’s death through the unlimited marital deduction. In addition, the estate tax unified credit helps minimize the estate tax burden. Why not maximize your distributable wealth and transfer it to the beneficiaries in an appropriate way. You must retain a qualified attorney that specializes in the area of estate tax planning.

In short, it is very important to consult a tax attorney to map out your estate plan which will help determine if you have a life insurance need for liquidity purposes.

Return of Premium Term Life Insurance

Alan Daniel — Wed, 15 Aug 2007 14:13:25 +0000

Return of Premium Term Life Insurance is a concept where if you outlive your term life policy the insurance carrier returns all of your premiums paid in. Traditional term life is the most cost effective way to purchase life insurance. Cash Value insurance, on the other hand, means paying higher premiums as the contract pays at death. Return of Premium or ROP somewhat splits the two in the middle.

ROP typically costs 25-50% more than a traditional term life insurance policy. The key is to have your agent evaluate the rate of return on the extra premium cost for the ROP policy. For example, a healthy 35 year old male can purchase one million dollars of coverage on a level premium 30 year guarantee for about $830 per year. The ROP premium for the same is $1440. So you are paying an extra $610 per year for Return of all your premiums paid in if you outlive the term. Well, what is your rate of return re paying $610 per year for a return of $1440 x 30 years or $43200. It is 5.08% net.

In any case, this is not a bad solution if it can fit into your budget. Return of all premiums paid in are not taxable as it is a return of your principal. Consider consulting an agent that has the product savvy and software to present the facts to help you make a prudent decision.