June 30, 2009
Term Life Insurance Texas: Take advantage of low insurance rates before rates increase. If you’re interested in Term Life Insurance and would like a FREE quote, Give us a call today! 512-996-8194 Or use our easy online quote application at the top of the page.
Grab low prices before life insurance rates increase
http://www.chicagotribune.com/business/yourmoney/sns-yourmoney-0628spending,0,1769941.story
The window might be quickly closing on consumers’ opportunity to refinance at great rates–not their home mortgages, but their term life insurance, experts say. For the first time in a long time, premiums are on the rise.
“Every week, it’s like, `Who’s going to call us this week telling us they’re raising rates?’ ” said Byron Udell, founder and president of insurance-comparison Web site AccuQuote.com. “It’s unbelievable how it’s happening. Almost everybody is raising rates.”
Over the past several years, prices on simple term life insurance have been plummeting. Premiums in recent years could be less than half of what they were in the early 1990s. For example, the same policy that had an annual premium of $1,400 back then might have cost $350 last year.
The price drop represented easy savings for consumers, who could simply buy a new, lower-priced policy–even with the same insurer–and then cancel their old one. They could choose to buy more coverage for the same money or buy the same amount of coverage and pocket the savings.
Unlike refinancing a home mortgage, which involves expensive closing costs, swapping term-life policies is free to consumers. The insurer pays the “refinancing” costs, such as a medical exam and the administrative expenses of setting up a new policy.
For smart spenders, replacing an old policy with a new one was a no-brainer. That’s changing. Here’s what you need to know about term life insurance:
Since the start of the year, life insurance companies have started raising premiums for new policies–most often by 5 percent to 15 percent, although a few raised rates by much more, Udell said. While a typical policy might be about $20 per year more expensive, these likely represent just the first wave of premium increases, he said. And even at $20 more, that’s a price increase of $400 over the life of a 20-year policy. Read the rest of this entry »
Posted in term life insurance quote texas 
No Comments »
June 26, 2009
Term Life Insurance Texas: What is the difference between Whole Life and Term Life Insurance? We can answer your life insurance questions. Give us a call today! 512-996-8194 Or use our ”no obligation” quote application.
A Whole Life Policy Is Not Designed To Be Surrendered
http://www.moneyweb.co.za/mw/view/mw/en/page662?oid=296249&sn=Detail
When you take out life cover, you should be committed for the long haul because a life policy is not designed to be surrendered. Always seek advice before you even consider cancelling a life policy.
This is advice from Robyn Farrell, managing director of 1st for Women Insurance Brokers and spokesperson for 1st for Women life insurance.
“Life insurance is not an investment and is not designed to be cashed in when you need extra cash. When you buy life cover you are buying long term risk protection. Cancelling your policy early leaves you without that invaluable risk protection and you don’t actually stand to gain anything financially unless there is a savings component linked to the life insurance product you have bought.
“In fact, even if there is a savings component to your life policy, there’s still a risk you’ll get little out if you surrender early,” she cautions.
Farrell explains that life insurance companies must cover all the initial costs associated with issuing a policy. These costs include 
administrative costs and the like, and they need to be covered whether the policy is kept for the full term or not. In order to recoup its money, an insurer will deduct these costs from the amount due to a policyholder who surrenders early. Because the admin costs to the life insurer are typically higher in the first few years, policyholders surrendering early should expect a greater deduction for costs.
“What this means is that you will get back very little or a lot less than the value of the premiums you have already paid. Very often, you will get nothing if you surrender the policy in the first year or two. It is also important to note that surrender values are not always guaranteed,” she warns. Farrell reiterates that an early surrender puts the policyholder at risk.
“The whole point of life insurance is to provide risk cover. Without that cover, you are wide open to the range of financial risks against which your life insurance policy was meant to protect you – and your loved ones.
Protect yourself and your loved ones! Get your life insurance policy today! Call us: 512-996-8194
Posted in term life insurance texas No Comments »
June 24, 2009
Term Life Insurance Texas: Do you need term life insurance or whole life insurance? Are you unsure what type of life insurance is best for you? We can explain the different types of life insurance policies and help you decide.
Give us a call today! 512-996-8194 Or use our easy FREE quote application!
Term Life vs. Cash Value
http://fortmyers.floridaweekly.com/news/2009/0624/motley_fool/046.html
If you’re single or have no dependents, you probably need little or no life insurance. With a little planning, you can establish a low-risk savings fund to cover funeral costs, and then invest the money you would have paid in insurance premiums.
But if anyone depends on your income stream, you need life insurance to protect it. Aim to replace it, but don’t think you need to pay a lot for a policy that will give your family a lottery-like payout if you die.
There are two main types of life insurance: “term” and “cash value.”
With term insurance, your premium payments are applied entirely to the cost of the insurance, and coverage can easily be dropped when you no longer have dependents. It’s a very simple and effective option.
Cash value insurance, meanwhile, encompasses a wide variety of financial products, such as whole life, universal life and variable life. These combine term life insurance with a long-term, tax-sheltered savings plan. The most important thing to understand about these policies is that they’re designed to be held for life. There are usually significant up-front charges associated with setting up the savings plan, investing the money and paying the agent’s commission. Even with these charges, tax-sheltered savings can still catch up to taxed investments and begin delivering a real advantage — but that can take 10 to 20 years.
So never opt for cash value insurance without doing a lot of homework. Don’t let an aggressive agent sway you with confusing presentations and emotional arguments. Remember that term life can last as long as you want, via guaranteed renewable policies. If you’re attracted to the investment portion of cash value insurance, know that you can always buy less-expensive term insurance and invest the difference on your own. You stand a good chance of outperforming the insurance company, too.
Don’t make the common mistakes of buying more insurance than you need, or the wrong kind of insurance. Give us a call today and we’ll answer your life insurance questions! 512-996-8194
Interested in Texas mortgage loan rates? Visit: http://www.mylendingplace.com/mortgage-rates/
Posted in term life insurance quote texas, term life insurance texas No Comments »
June 13, 2009
Term Life Insurance Texas: Are life insurance rates going up in Texas? If you’re interested in Texas term life insurance, give us a call today! 512-996-8194 Or apply for a FREE life insurance quote using the easy application above.
Term insurance rates on the rise
http://www.boston.com/business/personalfinance/managingyourmoney/archives/2009/06/term_insurance.html
Yesterday the Wall Street Journal reported that term life insurance rates, after years of falling, are now reversing course and starting to go up. It may be time to re-evaluate your life insurance need and lock in the proper amount.
Consumers have benefited over the last 20 years as term life rates have been falling. This was largely due to improved mortality tables and more competition in the industry from the introduction of web-based insurance sales. But that trend changed earlier this year as many companies announced premium increases, largely thanks to the recent credit crisis. With tighter credit lending, insurance companies have had to pay more to borrow money to maintain their required cash reserves. In addition insurers are receiving lower returns on their investments just like the rest of investors, which makes it harder for them to maintain reserves and cover their expenses.
Now is a good time to take a look at your life insurance coverage. If your policy doesn’t provide enough coverage, is annually renewable or has a level term that ends too early, you should think about adding to or replacing your policy. Applications can take weeks to get approved and your rate is not locked in until you receive approval so don’t delay. In addition your health and age affect your rating, more good reasons to get the coverage you need as early as possible. However it is very important not to cancel your current insurance until a new policy is in place. We can assist you in adding to or replacing your life insurance policy, Give us a call today! 512-996-8194
Interested in Houston’s Mortgage Loan Rates? Visit: http://houstonhouse.net/mortgage-rates/ Or CALL: 713-589-2244
Interested in Austin’s Mortgage Loan Rates? Visit: http://austinhouse.net/mortgage-rates/ Or CALL: 512-996-8194
Posted in term life insurance texas No Comments »
June 11, 2009
Term life insurance Texas: Who has the lowest rates for term? Call us at 512-996-8194
New mortality table to be finalised by Oct.
Life insurance premium rates are likely to drop over the next few months owing to longer life expectancy, with a new mortality and morbidity table expected to be in place by the fourth quarter of 2009 to replace the current one, which is of 1994-96 vintage.
The new rates will include the claim experience of individual companies and will be based on 2006-08 data.
The Mortality and Morbidity Investigating Centre (MMIC), an affiliate of the Institute of Actuaries of India (IAI), plans to publish the mortality table by October. The institute has been working on the table for the last six months.
Data and statistics are currently being collected from various insurance companies though a handful of large players, including government-owned Life Insurance Corporation of India, are yet to submit data, said IAI President G N Agarwal.
With the risk perception falling, premium rates, which are based on mortality rates, are expected to fall as well. “Over the years, life expectancy has increased, mortality has come down drastically and this gives a room for the rates to drop,” said Agarwal, who is the chief actuary of Future Generali India Life Insurance Company, a joint venture between the Future Group and Italy’s Generali. Read the rest of this entry »
Posted in term life insurance quote texas No Comments »
May 7, 2009
Term Life Insurance in Texas
Term Life insurance ownership has been slowly declining for several decades. According to a survey of U.S. residents in 25 major U.S. cities conducted by Allstate in conjunction with LIMRA International (a leading life insurance marketing association), the average amount of life insurance coverage respondents have is $175,000.
As a multiple of household income, this means the average respondent indicates that they have individual life insurance coverage equal to about four times their household income.
However, according to a recent LIMRA report, the average recommended life insurance need is about $459,0001. Inadequate coverage can put a financial burden on dependents of those who die prematurely. A general rule of thumb is to buy an amount that is equal to seven times your salary. However, each family is different.
http://www.texastermlife.com/
The age of your children, the amount of your mortgage, debt and living expenses, and other factors, should all be carefully evaluated as you determine the amount to buy.
Allstate’s survey also revealed that one fourth (25 percent) of respondents felt they needed more life insurance coverage. But why would people need more life insurance? Read the rest of this entry »
Posted in Uncategorized No Comments »
April 15, 2009
April 14, 2009 - It’s more important than ever to financially invest for the future. Many Americans are financially tied up, but during these hard times, it’s important to keep your eye on the big picture. If consumers are looking for a way to keep their families financially secure even after they pass on, term life insurance may be the answer. Too few consumers think to invest in life insurance. Term life insurance is a relatively inexpensive way to buy a sizeable death benefit. When you pass on, the benefit is paid to your family (or whoever you assigned as the beneficiary in your policy).
http://www.texastermlife.com/ Read the rest of this entry »
Posted in term life insurance quote texas No Comments »
September 2, 2008
What is mortgage protection insurance?
Getting a mortgage is big enough commitment – what with terms like fixed rate, discount, variable etc – so mention mortgage insurance and naturally your eyes will start to glaze over.
However, mortgage insurance is an extremely important insurance to have – in fact, it can the difference between keeping a roof over your head or ending up having your home repossessed.
If you recently took out a mortgage, you may remember the lender asking you whether you wanted mortgage payment protection insurance. It probably sounded expensive and unnecessary. And while, in some cases, there are companies who like to charge you too much for the product, it doesn’t have to be that way.
As for it being unnecessary – get the right policy and at the right price and it will be an invaluable safety net for you. So, what is mortgage insurance? It is a product whereby should you be unable to meet your mortgage repayments due to being made involuntarily redundant or due to being able to work because of sickness or maybe an accident – then it will cover your mortgage repayments. Read the rest of this entry »
Posted in Uncategorized No Comments »
August 29, 2008
Texas Term Life Insurance | Term life Quotes | Rates
Term life insurance is cheaper than whole life insurance. This is because the beneficiaries of the insured person only get the agreed-upon amount if the person dies within the arranged term. If the insured is still living, the policy must be renewed, and the customers receive no benefit.
When making a decision regarding term life insurance, it’s not enough to just get quotes; it is also important to gather data about the company and its track record and reputation.
Several factors may influence your choice of a term life insurance policy. Your economic needs and standard of living are the primary factor involved in deciding the amount of Texas insurance coverage needed. It is necessary to understand these needs and shop wisely for Texas life insurance to protect your family. Read the rest of this entry »
Posted in term life insurance texas No Comments »
August 4, 2008
Texas Term life Insurance–is Term life or Whole life coverage better?
Free term life insurance quote in minutes. Please call or email. 512-996-8194 or click http://www.texastermlife.com.
If you would like a fee quote on Mortgage Protection Insurance please visit http://www.mylendingplace.com.
Term life insurance vs. Whole Life Insurance
Term life insurance is cheaper than whole life insurance. This is because the beneficiaries of the insured person only get the agreed-upon amount if the person dies within the arranged term. If the insured is still living, the policy must be renewed, and the customers receive no benefit.
When making a decision regarding term life insurance, it’s not enough to just get quotes; it is also important to gather data about the company and its track record and reputation.
Several factors may influence your choice of a term life insurance policy.
Your economic needs and standard of living are the primary factor involved in deciding the amount of Texas insurance coverage needed. It is necessary to understand these needs and shop wisely for Texas life insurance to protect your family. Read the rest of this entry »
Posted in term life insurance texas No Comments »
Texas Term Life Insurance Agent
Jon Spears
512-996-8194
