Life Insurance

Life Insurance

A Prudent Investment!

How much does Life Insurance COST in MN?

We will not waste your time.  Just complete the quote box to the right and we will email you side-by-side comparison quotes from three top Life insurance companies.

Rules for Purchasing Life Insurance

  • Rule #1 – if you cannot afford the premiums, do not buy any life insurance.
  • Rule #2 – freely discuss any health concerns. Certain insurance companies and other life insurance options may be a better fit for you based on your circumstances.  Better health usually means better rates.
  • Rule #3 – Lock in your age today. By applying now, you will lock in your age.  No application fee is required.  What kind of rates will you qualify for?  It’s free to see!  If you do not like the rates, just walk away.   Once the underwriter determines your rate class, final plan design can be done.

Lowest Possible Rates for Life Insurance Guaranteed

We do not charge you one penny extra for our service.  And you cannot walk in the front door of ABC Insurance Company and get the insurance for one penny less! [Click HERE to Read More…]

Exchange Your Existing Life Insurance Policy

If you currently own a life insurance policy, you may be able to do a simple 1035 exchange.  The Internal Revenue Service allows you to exchange an insurance policy that you own for a new life insurance policy insuring the same person without paying tax on the investment gains earned on the original contract.  This

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FREE Instant Life Insurance QUOTE

Real Case Example

Jennifer, age 59, a Minnesota resident, had a whole life insurance policy issued by Northwestern Mutual that her grandfather purchased for her when she was 12 years old.  The death benefit was $60,000 and the policy had a cash value of $19,600.  By doing a 1035 exchange, her new policy provides a $300,000 death benefit and the $19,600 cash value rolled into the new policy.  All at no additional premium – guaranteed.  Not only is she getting a five times greater death benefit ($60,000 vs. $300,000), she is also getting “living benefits” for no additional cost.  That means she has $300,000 in tax-free cash available to use if she ever needs long term care services.

Life Insurance MN - LTCADV

It’s not about how much life insurance you need, but how much your family needs –
if you aren’t here.

Types of Life Insurance

TERM LIFE INSURANCE

Term life insurance policies provide affordable, temporary coverage.  Term policies contain no cash value and are designed for death benefit protection only.  The premiums may be level for the first 10, 15, 20, or 30 years, depending on the policy selected.  Because the death benefit protection is for a limited period, the premium is often the lowest of all types of life insurance policies.  However, after the level term period ends, premiums may go up significantly and can increase annually.

INDEXED UNIVERSAL LIFE

Indexed universal life is a version of universal life insurance that combines death benefit protection with the opportunity to grow cash value through an account that credits interest based upon the upward movement of stock market indexes without the risk of investing directly in the market.  The index account features a zero percent floor which guarantees your account won’t earn less than zero percent due to poor market performance.

WHOLE LIFE INSURANCE

Whole life insurance is the traditional form of permanent life insurance.  It provides the certainty of level premiums, a guaranteed interest rate and a guaranteed death benefit.  Whole life insurance provides the extra security of guaranteed protection at affordable rates, yet it includes the element of cash value accumulation.

UNIVERSAL LIFE INSURANCE

Universal life insurance is a flexible premium, adjustable life insurance product that provides you with the flexibility of choosing the policy features that are appropriate for you and adjusting those features as your financial priorities and needs change.  It includes policy cash value that grows on a tax-deferred basis.