- Life Insurance
offer the average consumer the most competitive rates from
the best insurance companies in the US, and provide the most
comprehensive information on insurance-related products to
make those life events a little easier to manage. This is
is a FREE insurance shopping service that allows you to
compare rates from multiple carriers by simply filling
out one online form.
matching your profile with multiple insurance companies,
the ForInsurance detailed application form ensures you
will receive all the quotes available to you.
shop for insurance on your schedule and do it securely
without sales pressure.
receive firm quotes from some of the nation's top carriers,
rather than estimates that will increase when more information
select the best bidder from a group of Insurance companies
competing for your business!
take your privacy seriously. The information you provide
is used only to determine your rates and will always remain
private. Your personal information will never be resold,
traded, leased or rented to any third parties.
ForInsurance - Types of Life Insurance
insurance is a unique asset, which is a valuable addition
to your overall estate due to its potentially high yield and
tax-favored benefits. Life insurance can be used for any number
of reasons. In choosing the type of life insurance policy
you purchase, consideration must be given to the need which
is being filled: funding retirement needs, creation of an
estate, payment of estate settlement costs (federal and state
death taxes, last illness and burial costs, probate fees,
etc.), business buy-out, key-man coverage, etc.
What are the advantages and disadvantages of Term or Permanent
been much debate over which kind of insurance is best: The
flexibility and low-cost of term vs. the security and potential
growth of permanent. In either case, it all depends on you
and your specific needs.
You purchase a policy for a specified period of time (term)
and pay a given premium. After the term, you may renew your
policy with an adjusted appropriate premium, depending on
your health and age. If you miss a payment, it may automatically
be cancelled. Your policy is paid out only upon death within
duration of the term.
This life insurance generally has a "permanent"
premium: it remains constant throughout the duration of the
policy and usually thereafter as well. There are several different
types of permanent insurance with different traits:
your premiums usually remain stable and must be paid periodically
during the policy's duration. Much like term, you have a pre-determined
death benefit, however, your premiums are invested on behalf
of the policy, providing a guaranteed cash build-up. Later,
this cash value may then be applied towards the premium itself
(in effect paying for itself). You can also use the cash value
as collateral and borrow it (i.e. borrowing against a house
Basically, you'll have cheaper premiums than you would with
ordinary/whole insurance and still keep most of the same benefits.
However, the cash value build-up is not guaranteed and depends
heavily on the your invested premiums' performance. Bottom-line:
cheaper rates but less certainty about any extra cash.
Much like universal insurance except it links your death benefits
and premiums directly to your investment's performance. You'll
also have more control over how the premiums are invested.
Variable/adjustable life insurance is so much like "normal"
investing that agents offering it must be licensed securities
dealers and registered with the U.S. Securities and Exchange
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