Ruhm Insurance Agency, LLC
Providing peace of mind for the ones you love.
Here are a few important steps that every person applying for Life Insurance should know.
1. The advertised rate you often hear or see on radio, TV or social media is misleading and rarely what you need to protect your family.
2. No medical exam life insurance (advertised the most) is ALWAYS more expensive than underwritten plans unless you're in excellent emotional, physical and financial health. If you're not afraid to give blood or a urine sample, an underwritten plan should save you money. No Medical Exam policies are fast and easy to apply. You can run a quote, apply and have a policy in under 15 minutes using this link. They will pull your medical records and it can result in a different outcome from the quote. You can visit my blog to learn about the leading company providing these policies.
3. If you're not in a rush or afraid to give blood, use my Life Quote Form. It helps eliminate surprises after you apply.
4. As your agent, I will be with you from start to finish.
By submitting a quote form or clinking on the instant quote links, your information only comes to me and is not sold or distributed to multiple agents. The instant quote link I provide has a Health Analyzer option included after your rate is shown. It can narrow down where you may be rated. Quoted rates are not final and will be determined by an insurance carrier underwriter.
Simply put, Term Life Insurance is the most affordable way to provide a large death benefit at the lowest premium. We shop through multiple carriers to find the best rates available.
Term life insurance guarantees a death benefit and premium for the length of the term, typically 10, 15, 20, 25, 30 & 40 years. Level Term is the best value of the policies.
There are a few types of term policies:
Term life insurance is like renting a home or an apartment. When the term is up, you walk away with nothing unless you were to pass away during the term.
Under the permanent life insurance umbrella lies a variety of different products, most notably Whole and Universal life. These products typically carry a cash value if funded correctly that can be borrowed against or used for certain life events.
An index universal life policy will provide a slow, steady, simple & secure financial situation that 85% of the top CEOs in America utilize. Only now, they are made affordable for everyone. If illustrated correctly, they can be utilized by all walks of life, not just the rich. It could make an impact on your family for generations.
Permanent insurance is like owning a home. It builds equity and guarantees a benefit whenever you pass away. However, before your death cash value can build uo and be used like equity in a house if needed.
Your mailbox, voicemail or TV may be buzzing with Final Expense advertisements. You could even get an agent door knocking at your home. These are expensive Whole Life insurance products and should be reviewed carefully. If you get a quote and would like an agent that is not a fan of these polices review it, you're in the right spot. For the right person, these could make sense, just do the math and make an educated decision. Otherwise, I refer to these policies as the "Pay Day Loans" of Life Insurance.
It's possible that you may only qualify for a Final Expense policy. In that case, it could be a viable option for you. Make sure you understand the wording in these policies before signing the application. I have a lot more detailed information on the various policies available and how they pay in a blog I posted. Please click on the "Learn More" button below.
Life insurance you don't have to die in order to use. These benefits are included or can be added to many life policies that provide Critical, Chronic and Terminal illness riders built into the policy.
Terminal Illness is provided with most policies, so this portion of living benefits is not unique. It allows you to withdrawal a percentage of your death benefit if you receive the unfortunate news that you have 6 months or less to live.
Chronic Illness is typically defined by not being able to perform 2 of the 6 activities of daily living. (Bathing, Dressing, Continence, Transferring, Toileting & Eating). In this event, a portion of your death benefit can be used to pay for this long-term care.
Critical Illness is a life altering event such as heart attack, stroke or cancer. Again, these plans will help pay for the out-of-pocket costs associated with one of these devastating events.
Living benefits helped Dave provide for his family and get healthy without the financial stresses. If you want a quote on Living Benefits, please fill out this form.
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.
Neither the insurance company nor the agent/broker making a solicitation have any connection or affiliation with, and are not in any way sponsored by, the federal or state government, the Social Security Administration, the Centers for Medicare and Medicaid Services, or the Department of Health and Human Services.
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