To order a life insurance shopping report dial
1-(800) 729-9432 - AR, MS, OK, and TN
1-(866) 246-9464 - UT
(or)
return to the main menu and click on the option
"Order a Shopper Report",
complete the questionnaire, the data will then be forwarded to IBU by
E-Mail.
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Life Insurance comes in two basic types:
Term Life Insurance
Premiums for Term Lifemay be guaranteed
for one year, 5 years, 10 years, 15 years, 20 years or as much as 30 years.
At the end of the term you may be required to be re-examined in order
to get the lowest renewal rate. Renewal rates are always higher than the
original rate due to age rating. If persons are less healthy at the end
of the term period rates may be significantly higher.
Cash Value Life Insurance
The most popular cash value life plans are Whole
Life and Universal Life.
Whole Life most often has a guaranteed
premium for the remainder of the insured's life - cash values and dividends,
if applicable, may allow the premium payor to stop paying after 12 to
15 years if the dividends meet expectations.
Universal Life has a premium that
can be increased or decreased each month or year. The cash values are
intended to build to a sum that allows the insured to levelize the premiums
or eventually stop payments when values will support the cost of maintaining
the insurance in later years. The face amount may remain fixed or increase
with the cash value at the owners option.
At IBU we illustrate both types of insurance
to find the plan that best suites your needs. We quote such "A"
rated companies as: American General, Banner Life, Federal Kemper, First Colony, First Penn Pacific, Jackson National, North American, Protective Life, West Coast Life and etc. These companies have been chosen because of their competitive
position in the life insurance market.
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