Reader question:

What kind of life insurance for veteran of the military is available?

Amber

Good question.

There are several types of life insurance for veteran from the military services which are provided by the US Veteran’s Association, and one of them is the Service-Disabled Veterans Insurance, also called the SDVI. The SDVI is available to veterans who were disabled during their service as a result of something to do with their service in the uniformed services.

Now, this doesn’t apply to all of those who are disabled. In order to receive it, you can’t have health problems other than the one which is related to your service with the military. You also have to make your application within 24 months after the VA determines that you have a service connected disability. This also only applies to people who have finished their active duty after mid year of 1951.

One of the drawbacks for this is that it only provides a guaranteed $10000 in coverage on the face. Some veterans who have a complete disability can also have their premiums waived and be covered for as much as $20000.

take care,

Fashun

Reader question:

Can you tell me how to buy life insurance coverage online?

Sam

Glad you asked.

As more and more people are becoming qualified to get no exam life insurance policies, the online life insurance market is building. It comes with lower prices, quicker service, and many times higher customer satisfaction. Still, you should know how to buy life insurance coverage online so that you don’t fall into a trap.

First step in buying life insurance coverage online is for you to gather some life insurance quotes. Visit three or four quote sites and get several to compare, and then do a little bit of research on the companies.

Never, ever buy your life insurance through a third party site, because you can’t be sure if this is a scam. If you are going to buy life insurance from a certain company, then buy it from that company’s website. Make sure that you look it up at your state’s department of insurance website to make sure that it is licensed, too.

take care,

Fashun

Reader question:

How much does whole life insurance cost?

Anabel

Good question.

How much does whole life insurance cost? Well, it depends on how much coverage you add onto your policy, not to mention your age, health, financial stability, and so on. Whole life insurance is the more expensive type of insurance, but there are many benefits to it that should be considered.

If you purchase whole life insurance, then you can set a rate at the beginning which will be the same for the entire length of your coverage–that is to say, for your entire life. This rate will never go up or down, regardless of inflation or how much money you make or what kind of health problems you have.

One problem with whole life insurance, though, is that it does not always cost what it seems, which is why when you ask your broker how much does whole life insurance cost? you need to ask for the details as well. Take a close look at fees and charges, and make sure the premium and benefits are what you intended them to be. If not, you may have a short grace period in which you can get out.

take care,

Fashun

Reader question:

Why should I get Houston whole life insurance?

Luke

Excellent question.

A lot of people have trouble figuring out whether or not they should get Houston whole life insurance rather than term insurance. I’m not a big fan of whole life insurance, so here are my views on that, and hopefully it will make some people think it over first.

The problem with whole life insurace is that it is basically permanent. The amount for the policy you start is decided at the very beginning of your arrangement, and you pay accordingly. No matter what happens, it never changes.

So why is that such a big deal? Well, it just doesn’t address the realities of life.

For example, most people make more money as they age (before retirment at least), so if your Houston whole life insurance amount is calculated on your current salary at, say, the age of 24, then when you are 50 it should be much more.

Also with that is that times change, and a set amount from 20 years ago might be worth a lot less as you near old age and inflation has gone up.

take care,

Fashun

Reader question:

How much does life insurance coverage cost?

Lucille

Good question.

How much does life insurance coverage cost? Well, that will depend on several factors, from the type and amount of coverage you buy, to how old you are, to your health problems and activities, to your financial situation, and more. However, after getting quotes for several different situations, I can give you an idea of what your payment should be around.

• How much does life insurance coverage cost?

I tried two different scenarios. One was a healthy, non smoking, young man. At the age of 30, he would have been paying around $27 a month for his life insurance policy. By the time he reached 40, it would have risen around $10. As for a 50 year old man, he would have been paying around $86 each month for a $500,000 term policy.

Then I tried an overweight young smoker who also purcahsed a term life insurance policy for $500,000. At the age of the 30, he would have been paying around $140 a month; at 40, more like $200; and then again at fifty, $500.

This is why it is so important to keep in shape.

take care,

Fashun

Reader question:

What can I do with a Houston term life insurance policy?

Craig

Good question.

One of the best things about a Houston term life insurance policy is that it is far more flexible than a whole life insurance policy. There are many other benefits to both the purchaser and the company, and here are a few that might attract you to this kind of policy.

• Unlike whole life insurance, if you buy a Houston term life insurance policy and later change your mind, you can then convert it to a universal life insurance policy.
• Unlike whole life insurance, you can adjust your term life insurance according to your income and the cost of living, thus raising or lowering your monthly premiums but also the benefits.
• You can also add your spouse and child to the policy as term riders. Although not usually for the entire extent of the term, they can be on there for up to 20 years, 18 years in the case of the child.
• If you life your Houston term life insurance policy, then when it comes to the end you can renew it into another term policy or you can even just purchase whole life insurance.

take care,

Fashun

Reader question:

What happens if I die only a short while after I’ve taken out my Houston TX whole life insurance policy?

Jim

Glad you asked.

A Houston TX whole life insurance policy gives you life insurance protecton for the duration of your, well, life. As long as you are making your premium payments, you will remain covered by your insurance policy, and your payout will not be affected by how many years you have been paying into the policy.

Whether you have been paying into a $400,000 Houston TX whole life insurance policy for one year or forty, your beneficiaries will still receive the same amount upon your death: $400,000.

A Houston TX whole life insurance policy also has a cash value account which is different from a universal policy. While using the cash value does not reduce your orginal benefit for universal, with whole life it does. When you take money from the cash value account, it is more of a loan than anything else. You will have to return the money to the account before you die, or the whole benefits will not be paid out.

take care,

Fashun

Reader question:

What are the benefits of Houston TX term life insurance?

Marge

Good question.

Houston TX term life insurance is cheap and easy to understand. You can purchase it for periods of 10, 15, 20, and 30 years in most cases, and in some cases until a set age. Problems may arise if you come to the end of your policy and still need life insurance, because you’ll probably have to pay more for a renewal.

If you pick level Houston TX term life insurance, then your premiums will stay the same throughout the duration of your term.

There are some ways to get around the drawbacks of the Houston TX term life insurance. Most companies offer a guaranteed conversion for their Houston TX term life insurance policies, so if your nearing the end of the period you purchased and want to convert it to a whole life insurance policy or a universal one, then you can often do this and keep the same premium payment you had before. In many cases, you can do this without having to have a physical, too.

Now, if you aren’t sure you’ll be dead by the time your term life insurance premium period is up, then you can buy a return on premium policy. If you’re still kicking when your policy is over, you get all of the money you paid into it back, and it won’t be taxed.

take care,

Fashun.

Reader question:

What is the best Houston TX life insurance agent like?

Luz

Glad you asked.

Your life insurance policy is only as good as your Houston TX life insurance agent, which is why you should take good care when choosing such an agent. Here are a couple of things to think of:

• Get a Houston TX life insurance agent that considers your financial and personal circumstances when helping you choose a policy, and doesn’t just try to sell you what’s hot.
• Is good at giving you an easy to understand explanation of the available life insurance policies and what they mean.
• Will be able to go over your life insurance policy every couple of years or so to make sure that it still works for you.
• Is licensed to do business as a Houston TX life insurance agent.
• Goes by your schedule, instead of trying to push you to buy something now, now, now!
• Is willing to give you a written explanation of your financial and personal circumstances and your life insurance policy, and how they work together, with all of the details.

take care,

Fash

Reader question:

What should I consider when looking for a Houston Texas life insurance quote?

Lacey

Good question.

Looking up a Houston Texas life insurance quote can feel like a race for the most bottom of the barrel price, but it shouldn’t be that way. Although the price is extremely important, there are many more things to consider.

I like to throw around the equation that price + service = value, and it is something you should be used when gatheringone Houston Texas life insurance quote after another. Customer service and claims service are extremely important, because in addition to providing financially for your family, you want to protect them from being hassled by your life insurance company just when they are mourning your death.

There is more to it than just on the face customer service. In fact, you should swing by the Texas Department of Insurance website and check out the information it has on insurance companies. You can see things about their licensing, and you can also see things about the amount of complaints that each company receives.

take care,

Fashun