Protect your loved ones with Life Insurance
Because you want to protect your loved ones and their future. We know you can’t put a dollar amount on your family, but you can ensure their future is protected. And life insurance rates are more affordable than you might think.
Surprisingly Affordable
66% of people don’t have life insurance because they think it is too expensive
Smokers Need Life Insurance Too
Life insurance coverage is typically more expensive for tobacco users, but that’s no reason to delay buying protection.
Life Insurance FAQs
Because you want to protect your loved ones and their future. We know you can’t put a dollar amount on your family, but you can ensure their future is protected. And life insurance rates are more affordable than you might think. Call us at (888)799-9054 and get the satisfaction of knowing your loved ones are always protected.
We can help with that too. Here is a quick way to estimate your life insurance needs. Just answer a few questions, do a little math and you will begin to see how affordable a policy is.
The easiest life insurance to understand (and the lowest cost to buy) is term life insurance which is why Charles M Moore partners with Keystone and LifeMark.
Term life insurance provides straightforward death benefit protection without any expensive “cash value” or investment component add-ons.
Your term life insurance policy will offer level premiums for your choice of 10, 15, 25 or 30 years during which the premiums are guaranteed not to increase. As long as you pay your premiums on time, the company cannot cancel you. If the insured dies during the term, the death benefits are paid to the beneficiary without any complicated process or rules.
It doesn’t get any easier than a term life insurance policy, plus it’s the most affordable type of life insurance.
Term life insurance has become very popular with consumers in recent years because premiums for new policyholders have dropped to all-time lows.
Most companies allow you to pay on a monthly, quarterly, semi-annual or annual basis, so whether you’re a pay-all-at-once kind of person or you enjoy spreading it out each month, payment flexibility definitely makes term life insurance even easier to afford.
Most high quality term life policies sold today are guaranteed renewable, which gives you the right to continue your coverage beyond the initial rate guarantee period without a medical exam.
This feature can become extremely important to your family should you become sick and uninsurable towards the end of your initial term life rate guarantee period.
Choosing an initial rate guarantee period is easy. Simply match the period of time you’ll need coverage to the available rate guarantee period.
For example, if your children are young or you have decades to go on your mortgage, look at 20 or 30 year term life. If your children are leaving the nest and your home is paid off or nearly paid off, perhaps 10 or 15 year term might fit the bill.
Your life changes constantly, right? From purchasing a new home to getting married or having children to starting a business or even retiring, your life and your financial situation are constantly in flux. Because the financial needs of your loved ones change over time, you should take a look at your life insurance policy periodically. The Charles M Moore Insurance Agency suggests you review your life insurance coverage at least once every five years or when you experience a major life event such as change of income or assets, marriage, divorce, retirement, the birth or adoption of a child, or purchase of a major item such as a house or business.
The standard term life policy covers death by any cause at any time in any place, except for death by suicide within the first two policy years (one year in some states), as long as it’s within the term of your policy. You will need to discuss heart disease, cancer, diabetes and other serious illnesses during the application process.
Expect to also be asked about heart disease or cancer in your family and whether or not you engage in any risky hobbies or activities, as well.
A brief face-to-face interview with a paramedic technician is usually required for coverage amounts above $250,000.
In naming your beneficiaries, keep in mind that the life insurance company will only allow the names of those who are actually financially dependent upon you in some way.
Adults or children that you support, or owe money to, are considered to have a financial interest in you.
An acquaintance, roommate, friend or relative, absent of a financial relationship, will not do. You can name a charity if you have a history of giving to that charity.
Please note:
The above is meant as general information and as general policy descriptions to help you understand the different types of coverage. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.
