February 18, 2008
By admin in featured | 0 comments
If you have a family who depend on your income in Minnesota, you should consider buying a no exam life insurance policy, in order to protect them. Life insurance is at times difficult to understand due to the large selection and the different types of insurance that are available.
An insurance policy is a legally binding contract between an insurance company and the person who buys the policy. In exchange for payment of a specified sum of money, called the “premium,” the insurance company agrees to pay for certain types of loss or damage as specified by the contract. When a loss occurs which meets all of the requirements described by the terms of an insurance policy, the loss is said to be “covered” by that policy.
There are 3 main types of life insurance: Term life, whole life and variable life.
- A new simple term life insurance for $150,000.00, and “no medical exam required” for up to $250,000 to term life for $300,000, in about 15 minutes.
- Whole Life policies build value from which the life insurance policy owner can borrow without terminating the coverage.
- Variable life is for the young, its a security and an investment and gives you more control over the cash value and death benefits amount.
You can get same day coverage if you answer some simple medical questions and you can apply completely on line.
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April 14, 2008
By admin in Brooklyn Park, Minnesota | 0 comments
Readers Question: “If you Cash in a universal life policy do you receive the net policy value or net cash surrender value?”
Brooklyn Park, Minnesota is located on the banks of the Mississippi River, just minutes from Minneapolis and St. Paul. As the sixth largest city in the state of Minnesota, they offer the natural beauty of renowned parks and trails, in concert with an abundance of commercial, cultural and educational opportunities.
Readers Answer: Typically it is called “Net Cash Surrender Value”. This is the amount of cash value in the policy accumulation account minus any outstanding loans etc. But it is typically referred to as “Net surrender Value” or “Net Cash Surrender Value”. Get your insurance agent to explain this to you in person.
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February 18, 2008
By admin in Bloomington, Minnesota | 0 comments
My e-mail from Norbett who lives in Bloomington, Minnesota was “Who can You insure?”
Bloomington is home to a thriving economy of services, retail an industrial businesses and nationally recognized as home to the United States largest enclosed shopping center, the Mall of America.
That is an excellent question and I understand the moral dilemma you must be having.
There must be an insurable interest in 
order for one person to take out a life insurance on another party.
If you want to insure you parents, or children for example, and they rely on you for financial support or living situation, you may be able to get a life policy on them.
You need to go on line and compare insurance quotes and find the coverage that is right for you at the best price you can afford.
Always make sure you request the insurance company to verify in writing that you can take out a life insurance policy on your parents.
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