Tips on Buying Life Insurance

From  Bryce Grimsley

Life insurance isn't as expensive as many people think. 

One in four U.S. households relies only on group life insurance to provide financial protection if a wage-earner dies. These households may lose their only life insurance coverage if they become unemployed or have their work hours reduced.

Who needs life insurance?

If someone will suffer financially when you die, you need life insurance. If you were to die today, life insurance would provide cash to your dependents that can help pay for your funeral and other final expenses, meet everyday living expenses, pay down the mortgage, finance longer-term goals like education and retirement, and generally maintain your family's quality of life.

 

Should I buy term or permanent life insurance?

Generally speaking, term offers the greatest coverage for the lowest initial premium and is a great solution for people with temporary needs or a limited budget. Permanent insurance may make more sense if you anticipate a need for lifelong protection and like the option of accumulating tax-deferred cash values. Also, it doesn't have to be either one or the other. Oftentimes, a combination of term and permanent insurance is the right answer.

If you purchase the right Life Insurance you don't have to die for your policy to pay out! *  Life Insurance can protect your family from other catastrophic events.

Here are some other benefits life insurance can provide. 

• Return of Premium rider
   Returns all premiums that you paid in at the end of the term if no claim paid out.
  
• Disability rider
   Pays the selected amount monthly if you are disabled
  
• Critical Illness
  Pays a portion of the face amount if diagnosed with selected major illnesses, such as cancer.
  
• Terminal Illness
  Pays a portion of the face amount usually 1/2 if you are diagnosed as terminal
  
• Retirement
  Whole Life and Universal Life policies can be setup to pay a monthly retirement benefit.
  
• Financial needs
  You can take out a loan on Whole Life and Universal Life policies for any reason.

*The above benefits listed vary by company and may not be available in all cases.  Riders may require an additional premium. 

  

Vary competitive term life Starting at less than $1.00 per day for $1,000,000 of coverage. 

10 Term, Best Nonsmoker Class, Monthly Premium
Age	$100,000 Face Amount  Male Female		$250,000 Face Amount  Male Female		$500,000 Face Amount  Male Female		$1 Million Face Amount  Male Female
18-30	9.26	8.99	11.79	11.13	15.13	14.24	21.80	20.02
35	9.26	8.99	11.79	11.13	15.13	14.24	21.80	20.02
40	10.06	9.88	13.79	13.35	19.13	18.24	29.81	27.14
45	12.37	11.39	19.58	17.13	31.15	26.70	52.06	44.94
50	15.40	13.62	27.14	22.70	45.83	37.38	80.54	66.30
55	21.27	17.89	41.83	33.37	76.09	57.40	138.39	103.68
60	31.68	23.23	67.86	46.72	122.38	83.21	225.61	151.74
65	51.26	33.82	116.81	73.20	215.83	133.94	405.39	255.87
20 year, Best Nonsmoker Class, Monthly Premium
Age	$100,000 Face Amount  Male Female		$250,000 Face Amount  Male Female		$500,000 Face Amount  Male Female		$1 Million Face Amount  Male Female
18-24	11.12	10.50	16.46	14.91	24.03	20.60	38.71	32.48
25	11.12	10.50	16.46	14.91	24.03	20.60	39.60	32.48
30	11.30	10.50	16.91	14.91	24.03	20.60	39.60	32.48
35	11.57	10.68	17.58	15.35	24.47	21.36	40.49	34.26
40	13.35	12.01	22.03	18.69	33.37	28.92	58.29	48.50
45	19.05	15.75	36.27	27.59	57.40	44.05	106.35	78.76
50	25.36	20.11	52.06	38.94	89.00	62.30	165.09	114.36
55	38.54	28.57	85.00	60.07	138.39	100.12	261.21	185.56
60	60.52	40.85	139.95	90.78	231.84	154.86	441.89	293.25
65	108.31	68.53	260.10	159.98	455.23	285.69	877.10	551.35

Contact Bryce Grimsley Cape Coral Insurance Center for details.  239-549-6255 Cell: 239-357-5415

Cape Coral Insurance Center Bryce Grimsley

MM  MEDICARE ENROLLMENT

You may not be seeing me around the networking circles as often as usual until after the end of the year.  I am spending the majority of time at Walgreen's now through the end of the year. It is Medicare annual enrollment time !! From now until 12/31/10 you can enroll in a new plan.  This is the only time you can change plan in most cases for 2011. If you know anybody that is on Medicare and would like information on the various options available, have them stop by and see me, or call me for an appointment at 239-357-6415. I will be at the Walgreen's at 905 Cape Coral Pkwy E, Monday, Tuesday & Thursday from 9:30 - 3:00 and from 10:00 200 Saturday and Sunday I thank you for passing on this information to anyone interested in enrolling in a new plan or just want to be sure they have the best plan for them. Bryce Grimsley Cape Coral Insurance Center 239-549-6255 Cell 239-357-6415 Bryce@ccicins.com

Cape Coral Insurance Center

Cape Coral Insurance Center, a full-service insurance agency, has announced that Bryce Grimsley has joined the team as V.P. of the Life and Health Division. With more than 20 years experience in sales and the Life and Health industry, Bryce is responsible for retaining and expanding existing client relations, handling business development and managing Life and Health insurance sales throughout SW Florida.

Prior to joining Cape Coral Insurance Center, Bryce was a broadcast engineer for a TV station in Iowa before launching his insurance career by moving to Springfield, Missouri and starting a successful Life and Health Insurance business. Finally the cold weather got to him and in 2005 and he moved his business to Cape Coral, FL.

Bryce brings a wealth of valuable sales and management experience to his new role at our agency”, said Damon Sleicher, Director of Operations of Cape Coral Insurance Center. “Bryce’s experience will be valuable asset to our continued growth”.

About Cape Coral Insurance Center:
Founded in 2005, Cape Coral Insurance Center has become one of the fastest growing independent insurance agencies serving SW Florida by providing unmatched service! Cape Coral Insurance Center is not your typical insurance agency. As an independent insurance agent, we represent numerous reputable and financially stable insurance companies. This enables us to quote the best rates available. We offer to citizens and businesses in Florida the largest line of insurance products available to protect you and your family. Whether you need business, home, auto, life, health or even disability policies, we can be your go to agent for all of your insurance needs.