Quick Life Insurance Facts~ Burial life, whole life, universal life, or term life insurance. What is the difference? Read more below to find out. 1. Burial Life Insurance: NOTE: Best buy for those aged 50 and over. - A type of whole life insurance. - Beneficiaries can use the death benefit for ANYTHING. - Premiums NEVER increase. Benefits NEVER decrease. - Qualify with No medical exams. - Policy will not cancel because of age. - Builds cash value and loan value for borrowing against. - Guaranteed coverage for life when premiums are paid. Click here to visit our Burial Insurance/Final Expense page:
Insured's Date of Birth Month Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Day 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Year 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 Age 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 Gender Male Female Dollar Amount $0 - $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 $11,000 $12,000 $13,000 $14,000 $15,000 $16,000 $17,000 $18,000 $19,000 $20,000 $21,000 $22,000 $23,000 $24,000 $25,000 $26,000 $27,000 $28,000 $29,000 $30,000 $31,000 $32,000 $33,000 $34,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 $95,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 $11,000,000 $12,000,000 $13,000,000 $14,000,000 $15,000,000 $20,000,000 $25,000,000 $25,000,000+
2. Traditional Whole Life Insurance: NOTE: Best buy for person aged 20-50 looking for coverage to extend throughout their whole life time. - Beneficiaries can use the death benefit for ANYTHING. - Policy will not cancel because of insured's age. - Builds cash value and loan value for borrowing against. - Guaranteed coverage for life when premiums are paid. Click here to visit our Traditional Whole Life page: 3. Universal Life Insurance: NOTE: Best buy for person aged 20-70 looking for larger amounts of coverage at lower premium amounts. - A blend between traditional whole life and term insurance. - Beneficiaries can use the death benefit for ANYTHING. - Policy will not cancel because of insured's age. - Plan is interest rate sensitive which means it can build greater cash value. Click here to visit our Universal Life page: 4. Term Life Insurance: NOTE: Best buy for those ages 20-50 with mortgage debt. - Usually purchased to cover a mortgage balance or other high debt obligation, particularly during child rearing years. - With term you buy insurance for a set number of years. - The underwriting is usually more extensive since the face amounts are usually higher. - Term is NOT a final expense plan. If looking to cover burial, your term policy may expire before it is needed. - After your initial term expires, some policies allow you to renew but at a higher rate. Click here to visit our Term Life Insurance page: At any time you can begin your multiple, no hassle Quotes by filling in the box to the far right. We service all 50 states, ages 18-85!
