7 Reasons to change your life insurance

One of the great things happening in life insurance is the ability to get approved fast, at least for some people. However, for many people, this is simply not going to be experienced.

4 reason life insurance approval can be delayed.

Here are 4 reasons your life insurance is taking forever to be accepted?

Health issues – Depending on how you answer a question in the application. That can cause the application to go to underwriting. This means an extended waiting time before the issuing.
Doctors – Sometimes, the underwriter will follow up with your doctor because of current or previous health issues. This does not mean you will get denied. However, now you are waiting on the doctor. They are not known for speed in this area.
You failed to answer one of the questions or filled it out wrong. It is a simple mistake as you answer a lot of questions.
Not setting up payment – If you failed to set up the payment during the application, this will slow down the acceptance and start of the life insurance policy

For some yes, a policy can be issued within an hour. For others a policy can take anywhere from 3-4 weeks to 2 months, depending on the situation. I suspect as insurance companies adapt technology, you will see an increase in speed for the underwriting.

What type of life insurance are you looking for?

Estate planning – Help with your Estate planning

Posted on June 10, 2021June 10, 2021 by Matthew Laker

“It does not do to leave a live dragon out of your calculations, if you live near one.” – J.R.R. Tolkien

Estate planning is about assessing the risk and ensuring that your wishes regarding your assets take place.

Help for Estate planning

Here is how I am uniquely positioned to deliver solutions in Estate planning.

Assets Value Protection

In the example below, notice from 2007 to 2009 the difference in the market.

The market goes up and down. That is normal. The death benefit means that your beneficiary has the potential of getting a higher value.

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Cost

Many of us do not think through the cost of death, but it is a reality that our families will face. By making a plan, we can work together to bring down those costs and lower the taxes paid by your estate or family.

Control

If you have no plan, the government will decide what happens to the things you worked hard for. This is about taking control and stewarding the resources you have.

“If you don’t know where you are going, you’ll end up someplace else.” – Yogi Berra

Creditor Proofing

This works to protect your assets from creditors in case something should happen later in life.

I can help you create a plan to leave a legacy for your family.

Let’s meet.

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