A well-planned life insurance policy enables your loved ones to cover their immediate cash needs in the event of your death, but should also replace your income so that your family maintains their current standard of living. We believe in providing families with a benefit that can be invested conservatively, generating interest earnings sufficient to pay monthly expenses.

Life Insurance.net is the easy way to get a Term, Whole,or Universal Life Insurance quote that's designed for you. We invite you to take the first step toward a more secure future!

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Life Insurance Basics

life insurance quotesFounded in 1996, LifeInsurance.net makes it easier than ever to find the right insurance policy for your family. A nationally recognized life insurance agency, we bring our clients access to a large network of A and A+ rated life insurance companies. We strive every day to deliver value, financial security and peace of mind.

LifeInsurance.Net has been featured in YourMoney Magazine, Bests Review, Money Magazine, Forbes.com and elsewhere.

What type of Life Insurance Coverage do you really need?

Life Insurance comes in two basic flavors, Term Life Insurance and Permanent Life Insurance. If you are clear on WHY you need a life insurance policy, it is generally clear which kind of life insurance plan is appropriate for you.

Term Life Insurance Policies are disaster management tools.

Permanent Life Insurance Policies are inter-generational wealth transfer tools.

Term Insurance

If you are a parent, and have a spouse and children dependent on you for income it would be financially disastrous if you died prematurely. Term Life Insurance plans are designed as risk management tools to cover that financial loss. Term Life Insurance insures you against death for a specified number of years and then ends (the Life Insurance Policy Term).
e.g. If you buy a 10 year term life insurance policy and die in the eighth year, the carrier will pay the full life insurance benefit defined in the policy. If, however, you die in the eleventh year, the policy will have expired and you will have no life insurance coverage in force.
The cost of term life insurance is significantly lower than the cost of permanent life insurance policies, because statistically EVERYBODY OUTLIVES THEIR TERM LIFE INSURANCE POLICY. We often speak to clients who feel that they've wasted money if they don't die and collect on their term life policies.

We just remind them that Dying Is Bad.

Permanent Insurance

If you want to be sure that your life insurance is in force whether you live to 60 or to 90, then you need a permanent life insurance policy. You should never buy a term life insurance policy as part of an estate plan where you are counting on the cash becoming part of an inheritance. Often the least expensive option for pure insurance forever is a no lapse guaranteed universal life insurance policy.

At Life Insurance. Net we have years of experience working with families across the country on identifying their core life insurance requirements. We can provide competitive term life insurance quotes, or universal life insurance quotes from A and A+ rated life insurance companies in almost any state. Just fill out our online life insurance quote form or call us for a personal quote on life insurance for you and your family.

We believe that an educated consumer can ask the right questions and to find the best insurance solution. Our life insurance educational center will help you understand how insurance works, what carriers are looking for, and how you go about getting the life insurance policy that is right for you and your family.

Expenses Expenses – Where Does Your Money Go?

When life insurance carriers price life insurance policies, there are a number of factors that they need to take into account. The primary issues a life insurance company considers when pricing a policy include the mortality risk of the insured, the amount of insurance being requested and the expenses needed to operate the company.

Expenses are a fact of life for any business. Like most organizations, ife insurance companies need to pay salaries,rent, commissions and other operating costs. Generally you can lump the carriers expenses into two general classes: Ongoing operating expenses and the cost of new business acquisition. Read more »

Taxation of Life Insurance Policy Distributions

As long as a policy owner or beneficiary pays for a life insurance policy personally rather than through a business, and pays with after tax dollars, life insurance has traditionally enjoyed substantial income tax advantages.. Cash value grows on a tax-deferred basis, and death benefits are received income tax-free. If a life insurance policy is surrendered, the gain in the policy is subject to ordinary income rates. The gain on the policy is equal to the distribution of surrender proceeds minus the total premiums paid. It is critical to note that mistakes in setting up the policy , can erase the tax advantages of the life insurance policy distribution. Read more »

Banner Life Insurance Company

BannerLife is an excellent carrier for term insurance. They have a streamlined underwriting program that helps move term life insurance cases through their system very quickly. We’ve placed cases in weeks that would have taken months elsewhere. Banner’s underwriters will also move a case up one health class if certain criteria are met. If you are looking for low cost 10 year term life insurance or 20 year term life insurance and your are in the 35-to 65 year old age band, Banner life is likely to be an excellent fit for you.

Banner Life

Address 1701 Research Blvd Rockville, MD 20850

800.638.8428 301.279.4800

WebPage http://www.LGAmerica.com/

Financial Ratings: A.M. Best Financial Strength A+ Standard & Poor’s Financial Strength A+ Read more »

Estate Planning – No Family Wants to Plan for This

This World is but an Entry Hall to the World to Come. Prepare Yourself in the Entry Hall so that You Might Enter the Banquet Hall. When people come to the end of the end of their days, they need to wrap up their affairs in this world, and prepare themselves for the next. Proper estate planning, and ElderCare/HealthCare Planning can help them leave an orderly financial legacy for their families when they move on.

All transitions are difficult, and none is more difficult to face than the passing of a generation. It is only natural that many people avoid any type of planning. In middle age the prospects of death are remote and unreal, and greater challenges take precedence. In early retirement years, families often don’t want to face the idea of eventual mortality. In later years, as health fails, the prospect of passing becomes all too real, and way too frightening to face. Read more »

Whole Life Insurance – Not Quite 31 Flavors

Whole Life Insurance is the granddaddy of them all, in some ways the simplest to understand of all insurance policies. In its simplest form, you promise to send the carrier a fixed check each year for the rest of your life, and they promise to send your beneficiaries a fixed check when you die. Seems pretty straightforward. That’s why we had to introduce dozens of options on the simple chassis. Here are the basics:

  • Continuous Premium Life Insurance A standard form of Whole Life Insurance. Premiums are paid for the life of the insured or to age 100, at which time the policy endows and the death benefit is paid.
  • Limited Pay Whole Life The full premium of the policy is paid out in a fixed number of payments over a fixed period, such as ten or 20 years. At the end of the selected period, the policy is paid up and no further premiums are due.
  • Single Premium Life Insurance Single premium, as the name implies, is a life insurance policy in which a single premium payment at policy inception pays for the policy for the life of the insured. No further premiums are ever due, and the policy is guaranteed to last the lifetime of the insured.
  • Combination Policies or Blended Life These policies are a blend of term and permanent insurance coverage. These policies offer a lower premium than regular permanent life, but can last the entire lifetime of the insured.
  • Read more »