LSM INSURANCE ASSOCIATES IS
NOT AFFILIATED WITH LSM & ASSOCIATES
HAVE MEDICARE OR ACA OPEN ENROLLMENT QUESTIONS
BRINGING CLARITY TO CONFUSION
Leslie S. McMillan, Benefits Broker
WE WORK WITH OVER 30 LIFE INSURANCE CARRIERS AND CAN GET YOU A VARIETY OF DIFFERENT LIFE INSURANCE PLAN OPTIONS.
Whether you want straight term insurance with a 5 year or 35-year lock, final expenses, whole life, or universal life, let us help you navigate this process.
When surfing the web for life insurance, many people end up doing nothing because there is so much information! Many websites will provide you with great rates but without knowing your specific health history, the quotes may not be valid! We are experts at evaluating your needs and helping you find a life insurance policy that provides you with the most protection you can afford. If while evaluating your options you get frustrated and end up without doing anything, you need to call us. We can help sort it all out. Don't wait and wish you did something. Let us use our 30+ years of expertise to help you make your life insurance decisions easier!
PEOPLE BUY LIFE INSURANCE...
For the people they love.
They don't want their loved ones to struggle financially while dealing with the loss of a parent, spouse or child.
They don't want their family to be burdened with their debts or the cost of a funeral There are always costs involved when someone passes away. Medical bills still must be paid and there are many other expenses. In addition, an average burial costs $7,755 - $10,000 (NFDA 2018), while a simple cremation costs around $3,000.
They realize that the life insurance provider at work won't be there if they quit or loose their job More to the point, it's likely not enough to provide for their family. Employers often provide a small life insurance policy up to $50,000 as part of their benefits package. If you get sick and have to quit working, that policy is canceled! When you buy an individual policy, you know that your family has what they need to meet personal financial obligations. Plus, when you buy at a younger age, you get the best rates because you are likely to be healthier.
They want to make sure that their kids are taken care of if something happens to them. Unless you are financially independent, life insurance will allow your family to maintain their standard of living. They won't have to move or stop doing the activities they love. It provides a safety net for your spouse to help your children process their grief, without having added additional financial stress
They want to make sure that their mortgage, medical & credit card bills are paid off.
They want to be sure business partnerships are paid so that their family is not beholden to family or others for their financial security.
They want to be sure that any land or other business taxes are paid when their families inherit property.
THINGS YOU SHOULD KNOW WHEN APPLYING FOR LIFE INSURANCE
THE PROCESS TAKES A WHILE. Some policies can be issued in just a few days while others can take six to eight weeks or even more. Once the underwriter has reviewed the policy, you will be given a final rate. At that time, you have thirty days to accept the policy or decline it.
DIVULGE A COMPLETE MEDICAL HISTORY. Always provide a complete health history to the application. Life Insurance carriers subscribe to many databases and can find out about criminal histories, past bankruptcies, and health challenges from years ago. Failure to reveal medical information, including smoking, can mean that the insurer will contest the policy for having falsified your application.
IF YOU HAVE SMOKED IN THE LAST YEAR. Life Insurance policy premiums for smokers are generally higher than for non-smokers. The definition of a smoker is someone that has smoked cigarettes, cigars, (12 or more a year), use a Pipe, vape or use e-cigarettes, nicotine gum, and the patch within the last twelve months. If you smoke Marijuana, you are considered a smoker, but it does not preclude you from qualifying for life insurance.