Chances are, if you are reading this article, some agent presented the virtues of whole life insurance to you. Or, maybe you purchased a whole life policy and having second thoughts. Truthfully, whole life insurance isn’t bad. Really, it’s not. However, it definitely isn’t for everyone. Moreover, for most people, it’s a bad deal. In this article, we discuss the 3 reasons why whole life insurance is a bad idea to buy. If an agent is telling you that you need whole life insurance without a concrete reason, run, don’t walk, away.
I think you’ll agree that smokers have a hard time finding affordable and cheap life insurance.
Premiums are nearly double or triple – or much more – compared to that of non-smokers.
However, it is possible for smokers to obtain cheap life insurance, sometimes even at non-smoking rates.
Being declined for life insurance feels like a right hook to the face. You just completed a life insurance application, something on your “to-do” list for a while. You feel good about it. Then, a week or two goes by, and you don’t hear anything.
A couple of days later, you receive a letter from the carrier. You open in earnest, only to read that you have been declined for life insurance! You are upset and don’t know what to do next. Declined for life insurance? How can that be?
Don’t worry, we say. Chances are you can still obtain life insurance coverage.
Back in the 90s, there was a popular saying. If someone ticked you off, you would put up your hand and say, “talk to the hand.”
Arnold can showcase for us. Hit it, Arnold:
Life insurance calculators. Meant to help you, but do they leave you more confused?
Have you ever looked at so many numbers and figures, not knowing what they mean, that your eyeballs roll up into your head?
You become even more confused than when you started, right?
That’s how we at My Family Life Insurance feel when we see life insurance calculators on other websites. Don’t misunderstand us; calculators are needed. And, we aren’t bashing the other websites. What better way to determine your life insurance needs than by plugging in a few different variables into a simple life insurance calculator? Well, there is a problem with the average life insurance calculator found on most websites. Read on to understand more and what we do instead. Continue reading Why You Won’t Find A (Super Duper) Life Insurance Calculator On This Website