Frequently Asked Questions
We understand that choosing life insurance can feel overwhelming — and we’re here to help. Below are answers to the most common questions we receive from clients like you.
What is the difference between term and whole life insurance?
Term life insurance provides coverage for a set period (such as 10, 20, or 30 years) and is generally more affordable. Whole life insurance lasts your entire life and builds cash value over time.
How do I know how much life insurance I need?
A good rule of thumb is to cover 10–15 times your annual income. Consider current debts, future expenses like college or a mortgage, and your family’s lifestyle when determining your coverage amount.
Is a medical exam required to apply?
Some plans do require a medical exam, but many of our policies offer “no exam” options depending on your age and health history. We’ll help you find the best option based on your needs.
Can I apply if I have pre-existing conditions?
Yes, many of our policies are designed to accommodate a range of health backgrounds. Our team will work with you confidentially to find a policy that fits your situation.
How long does it take to get coverage?
Approval times vary depending on the type of policy. No-exam policies may be approved within 24–48 hours, while others requiring underwriting may take 1–3 weeks.
What is cash value and how does it work?
Cash value is a savings component of permanent life insurance policies. It grows tax-deferred over time and can be borrowed against or withdrawn in certain circumstances.
Can I change my policy after I buy it?
Many policies offer flexible options such as changing your coverage amount or converting term to whole life. We’ll guide you through any available adjustments if your life situation changes.
Is life insurance expensive?
It doesn’t have to be. Term life policies can be surprisingly affordable — especially when you start young and healthy. Our team can help you find an option that fits your budget.
Will my premium ever increase?
No, not if you choose a level-premium policy. Your rate is locked in for the entire term of the policy or for life if you choose permanent insurance.
What happens if I miss a payment?
Most policies include a grace period (typically 30 days) to catch up on payments. We’ll notify you promptly if you miss a due date and help you keep your coverage active.
How do beneficiaries receive the death benefit?
When the insured passes away, the designated beneficiary files a claim with us, and after review and verification, we issue the benefit — typically within 7–10 business days.
Is life insurance taxable?
In most cases, the death benefit paid to your beneficiaries is income tax-free. There are exceptions in complex estate or business cases, which we can help explain during your consultation.