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Sales SamplesTEST
Financial Advisor
YOUR COMPANY
236 Broadway
Menands, NY 12204
Phone: 800-243-5334
Fax: 800-720-0780
Email: sales@ltmclientmarketing.com
Website: www.letstalkmoney.com
July/August 2019
A Life Insurance Questionnaire
How much do you know about life insurance? Take the following quiz and find out.
Q:
Does a guaranteed renewable life insurance policy mean premiums remain the same each year?A:
Not if you own an annual renewable term life insurance policy, for which premiums continue to increase as you age. Whole life insurance, on the other hand, keeps premiums the same as long as you pay them on time.Q:
Isn’t there a type of term insurance that keeps premiums the same over time?A:
Yes, there is. Level premium term features level premiums for a set number of years.Q:
Will 10 times my salary be enough death benefit?A:
Formulas can help, but figuring out your family’s lost income and recurring expenses will provide a more accurate picture of how much life insurance you should carry.Q:
Is the life insurance I get from my employer enough?A:
Only you and your insurance professional can answer this question exactly, but you should know that you could lose your insurance if you lose your job.Q:
Is it true I won't qualify for life insurance if I have health problems?A:
This depends on what health issues you have. You can usually find some coverage, but it could be expensive.Q:
Will I need to provide a medical exam or answer health questions to buy life insurance?A:
Not typically if you own group life insurance through work or if you purchase a small term life policy. Some term insurance policies that don't require underwriting will insure you, but not offer a full benefit until after a waiting period of typically two years.Q:
Will my life insurance policy pay benefits no matter how I pass?A:
All life insurance policies have what's known as exclusions. Suicide is one such exclusion, usually during the first year or two of ownership. Risky hobbies like cliff diving or careers such as a bomb disposal specialist may also trigger an exclusion.Q:
Are life insurance death benefits taxable?A:
You won't typically pay income tax on the amount, but it will count toward your taxable estate.CONTACT US
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YOUR COMPANY and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Specialists LLC, an unrelated third party. Articles are not written or produced by the named representative.
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