Frequently Asked Questions
What primary services do you offer?
We offer various life insurance packages, for all ages.
How long does the process usually take?
On average, each application takes approximately 25 minutes to complete. Everything is done electronically, and our underwriting team is quick to respond on approvals. (For non-medical applications)
What are the rates for either Term or Whole Life?
Rates vary by age, gender, state and most importantly, health.
What is more affordable - Term or Whole Life?
Most every time it will be Term. Term will offer the client 5 years to 30 years before it expires and then ends. Whereas Whole Life is in force for as long as you live and as long as you are paying it.
Are you licensed and insured?
Absolutely - we are licensed through the Department of Insurance and Financial Services in over 30 states nationwide.
We each carry our own E&O insurance.
How long does it take before the policy is in force?
Upon approval from the underwriting team - the policy is in force once the initial draft is made to the respected carrier.
Which carrier is the best to use?
It all varies on which product, your health conditions, age, and state you live in.
How long does it take to receive the physical policy?
7 to 10 business days and are mailed directly from carrier.
How does Cash Value work?
A portion of each premium payment goes towards building cash value within the policy. The cash value begins to grow after year 2, typically at a guaranteed minimum interest rate set by the insurance company. You can borrow against your policy, or you can surrender and receive the cash value, though surrender charges and taxes may apply depending on carrier.
Does anyone perform a yearly review on my policy?
We do. You are our client for life! We will make sure you have the best product to date.
If I surrender my policy, will I receive my cash value check? If so, how long does it take to receive?
First, you must have cash value built in. Normally begins to build interest on or after year 2 of the policy in force. A surrender form typically needs to be filled out and mailed to the carrier. The carrier then will surrender your policy upon receipt of form and release a check for exactly what your cash value has accumulated to date. The receipt of your check usually can take up to 4 to 6 weeks to be mailed directly to you. The money is tax-free - you do not pay any taxes on it!
Is all of my sensitive information safe?
Yes. All sensitive information that is provided in the process to get you covered is put into the carriers' system which once entered, we no longer have access to it anymore. It is locked away!