Alabama Consumer's Guide to Life Insurance
Life Insurance Ownership in Alabama
You may already own some life insurance, either through your employer's group plan, as part of your veterans' benefits or through a policy you bought yourself. But perhaps you think you need additional life insurance protection. If you have no life insurance, you may be thinking of buying some. Or maybe you have questions about the financial strength of a company. Whatever the case, this booklet can help you make the right decisions about life insurance. It tells you how life insurance works, describes the most popular types of policies, suggest how to decide what policy to purchase and whom to buy it from.
The main purpose of life insurance is to provide financial security for your family. It helps to ensure that, when you die, your family will have the financial resources it needs to protect their home and car and provide the income needed to run a household. It is a contract between you and an insurance company. That contract requires that the company pay someone you name -- your beneficiary or beneficiaries -- a certain amount of money when you die. Your survivors can use that money as they see fit. The money is not subject to federal or state income tax (although it may be subject to death or estate taxes). With life insurance, you can provide a guaranteed financial nest egg for your family's future.
Our No Medical Exam system allows you to state your pre existing condition status without having to provide any details as to what that condition is and how it impacts your day-to-day life. We know that the term pre existing condition can mean many things. Disqualifying family members who need the protection of life insurance in the event that they are no longer able to support their family is a biased methodoligy that carriers use to filter out entire segments of the population in order to avoid complicated analysis costs and individualized attention to each case
Simply click on "Get a Quote" and our easy online process can get you insured within 5-10 minutes
You won't need to undergo any Medical Exams, and if there is any issue with the approval of your policy, one of our experienced Agents will call you right away to obtain more detailed information and place in you a policy that you will be able to get approved for!