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At Smokers Life Insurance,
we understand the purchase of term life insurance
is not an impulse purchase. You have personal and
financial needs to consider in order to provide your
family with the best term life insurance coverage.
We’ve compiled a list of frequently asked questions
that may help in your decision making process. If
you need more information, please complete the online
quote and request for application. There is no obligation
to purchase anything and a licensed insurance agent
will contact you to discuss the term life products that best fit you needs.
How does Smokerins.com get such great rates for smokers? Answer: Smokerins.com's independent brokers constantly shop the nations leading term life insurance companies for the best possible price you. We do the shopping so you don’t have to. Our quoting system will perform a totally unbiased and accurate search from the most competitive life insurance companies. The search results will be displayed on one screen for your purchasing convenience.
Only companies that are financially sound are included in our quoting system so you need not worry about a life insurance carrier’s financial stability.
At Smokerins.com you get free Instant Quotes, low prices, our quick and easy application process, and the best customer service anywhere, all in one web site.
Can
I get a free insurance quote online?
Answer: Yes! Fill out our easy to use quoting
system located in the middle of the "Get a Quote" page. Additional
information will be required before your policy
can be issued. A licensed agent will contact you
to tell you what further information is needed before
the policy is issued.
How
much life insurance do I need?
Answer: The amount of life insurance you should have depends on your particular situation. There are two primary factors to consider. The first is dependents children, your spouse, relatives and others who may count on you for financial support. Second is your current financial situation - your assets and liabilities.
Things
you should consider:
1.)
If you are married...
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What
kind of lifestyle do you want to provide for your
family?
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Would
your non-working spouse have an income if you
died?
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Would your working spouse have to "retire"
to raise your children if you died?
-
How
would your death affect savings for your children's
college expenses?
-
Do you have special needs to prepare for, such
as a handicapped child or a child who will never
be self-supporting?
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How much will your family need for your final
expenses? The average funeral in the U.S. is nearly
$6,000*.
-
Does
your spouse have the resources to pay for expenses
until Social Security benefits begin? If you qualify,
it usually takes 3-6 months to begin receiving
benefits.
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Will your parents or other extended family members
depend on your family's support in the future?
2.)
If you are divorced...
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Does
your divorce agreement stipulate that you keep
a certain amount of life insurance for your ex-spouse?
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Does
your divorce agreement stipulate that you are
responsible for your children's education?
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Did you retain financial responsibility for your
home?
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Even if your divorce agreement doesn't require
it, how much will you need to leave your children
for their inheritance and to cover your part of
their college costs?
-
Does your spouse have the resources to pay for
expenses until Social Security benefits begin?
If you qualify, it usually takes 3-6 months to
begin receiving benefits.
-
Will
your parents or other extended family members
depend on your family’s support in the future?
3.)
If you are single...
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Has
a relative co-signed on your mortgage or any other
large loans?
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Do
you have any friends or relatives to whom you
want to leave money?
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Have you bought a house with a domestic partner,
and have you agreed that each person's share of
the mortgage is to be paid off upon his or her
death?
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Do you want to leave money to a charity or other
nonprofit organization?
4.)
Your Assets
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What
are your current savings
-
Do
you have any current life insurance policies,
life insurance provided by your employer, or veteran's
insurance?
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What
other assets do you have that your family could
sell or cash in to pay expenses after your death?
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What Social Security and pension plan survivor's
benefits will you receive?
5.)
Your Liabilities
-
What
are your current savings?
-
Do
you have any current life insurance policies,
life insurance provided by your employer, or veteran's
insurance?
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What other assets do you have that your family
could sell or cash in to pay expenses after your
death?
-
What Social Security and pension plan survivor's
benefits will you receive?
*National
Funeral Directors Association, 1999 Price List Survey
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