Life Inusrance
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Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.
See Bellow a sample of what are some of the possibilities available through your broker:
The approximate spectrum for a 20-year policy aimed at males, ranging from average to commendable.
| AGE | $250 | $500 | $750 | $1M | $2M |
|---|---|---|---|---|---|
|
20 |
13-20 |
20-33 |
27-45 |
30-53 |
56-96 |
|
30 |
15-21 |
21-35 |
28-45 |
32-55 |
55-95 |
|
40 |
18-30 |
30-50 |
40-70 |
50-80 |
95-150 |
|
50 |
38-65 |
65-140 |
95-175 |
110-200 |
230-360 |
The approximate spectrum for a 20-year policy aimed at women, ranging from average to commendable.
| AGE | $250 | $500 | $750 | $1M | $2M |
|---|---|---|---|---|---|
|
20 |
12-18 |
18-30 |
23-38 |
25-45 |
42-75 |
|
30 |
12-18 |
18-30 |
22-40 |
30-52 |
45-80 |
|
40 |
15-25 |
25-40 |
35-60 |
43-65 |
78-125 |
|
50 |
30-50 |
50-95 |
75-135 |
95-170 |
175-330 |
Notice: Keep in mind rates are subject to change and are not fixed throughout years.
What was Life Insurance for?
The initial intent with Life policies were to cover the anticipated cost of burial and help the widows and any potential orphans during such trying times. Approximately less than 50% of the Americans have life insurance.
What is Life Insurance now?
With the today’s complexity and demands our modern life styles, the flexibility and the financial strength of insurance companies who have withstood the test of times through centuries offer us multiple variations of policies can be offered which serves many purposes other than sudden death and unexpected expenses. How about a Life policy to live? Newlyweds find this exceptionally useful. To save Money? Build school fund for the new arrival, or borrow against the money you invested and build equity without paying fees or interest to yourself? It is a comforting feeling to borrow from your own bank and reach for equity already built to assist you without having to jump through a series of hoops, credit checks, and other embarrassing investigation process a banker may put you through.
Life Insurance
WHAT DOES IT COVER?
The basic coverage with most policies you will find are: Natural death and Accidental death. Illness and Injuries, Act of War or Terrorism, Suicidal deaths and homicidal death. Depending on the career various illnesses are covered. You would also want to ask your broker on at what point will the policy be active of if there is a waiting period.
WHAT DOES IT NOT COVER?
Criminal activities, and misrepresentations. In most cases an extreme lifestyle and dangerous hobbies (Hi.Risk.Hobbies) can be a deterrent for a policy being written by a career. It is crucial that all details of lifestyle and intent to use are openly discussed with your broker prior to obtaining a policy.
- Mehran Gerami
- Cell 858 688 1031
- Lic# 4197036
- NMLS 2612204
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