Frequently Asked Questions

Life insurance is a contract between you and an insurance company. In exchange for premium payments, the insurer provides a death benefit to your beneficiaries upon your death. It helps financially protect your loved ones by providing them with financial support after you're gone.

The amount of coverage you need depends on factors such as your income, debts, and future expenses. A common rule of thumb is to have coverage that is 5-10 times your annual income, but individual circumstances vary.

The two primary types are term life insurance, which provides coverage for a specified term, and permanent life insurance, which covers you for your entire life. Permanent insurance also includes options like whole life and universal life.

The application process typically involves completing a questionnaire about your health, lifestyle, and financial information. Some policies may require a medical exam, and the insurer will use this information to determine your premium.

It depends on the condition and its severity. Some insurers specialize in high-risk cases, but coverage may come with higher premiums. Be honest about your health during the application process to ensure accurate quotes.

Premiums are influenced by factors such as age, health, lifestyle, occupation, and coverage amount. Generally, younger, healthier individuals pay lower premiums.

Some policies allow you to adjust coverage, but it's essential to check the terms. Adding coverage may require additional underwriting, and it could affect your premium.

Missing a premium payment can result in a grace period, but if the payment is not made within that time, the policy may lapse. Some policies offer options like automatic withdrawals to prevent missed payments.

Yes, it's possible to have multiple policies. People often take out additional coverage when their financial needs change, such as buying a house, having children, or getting married.

Generally, life insurance death benefits are not taxable. However, there are exceptions, such as when the policy is cashed in or if it's part of your estate. It's advisable to consult a tax professional for specific guidance.

Step 1: Search Google "how can I verify a licensed insurance agent as a client" & follow the instructions

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Follow these steps:

Step 1: go to https://difi.az.gov/license-search

Step 2: Follow instructions on page

Step 3: Ensure to select your home state as "Jurisdiction" & "licensee" as search type

Step 4: Use my NPN number, as listed on my digital business card. NPN:  20805615

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