A Term Quote Online - Why Should You Request One Here?
We at LifeQuoteCenter believe you should have the insurance coverage that best fits you. We not only
provide instant term life insurance quotes online - our service is free, informative and user-friendly.
In fact, you might be surprised to learn the reasons some are looking to us for term quotes online. The
following is a sampling of the information we’ve come across to help you with.
For those who have 2 million dollars or more to bequeath, a 2002 law allows the government to gobble up
to 50% of those assets in the form of estate taxes. To prevent that, some use life insurance as an estate
planning tool. Barry Kaye, a Los Angeles life insurance agent, loves this idea so much that he wrote 5
books on the subject.
The worst time to figure out what you’re covered for is during a medical emergency or upon the death of
a loved one. A medical emergency sends many rushing to find a long term care quote. Sadly, one’s entire
life savings can be depleted on long-term care.
Attorney Paul Rabalais recommends a Medicaid Living Trust or Medicaid Irrevocable Trust. Done correctly,
Paul says you maintain control over your assets. You won’t have to spend these assets before qualifying
for state aid during long term care. And you avoid probate court.
Paul also recommends that those with Louisiana term life insurance, as in other states, may want to
consider an Irrevocable Life Insurance Trust (ILIT). Why? Your life insurance death proceeds may be subject
to federal estate tax. To prevent half of your money going to the government in the form of taxes, an ILIT
can exclude life insurance proceeds from your taxable estate.
If you wish to do your own research on financial planning before you fill out a term life insurance
application, the public library can help. If you’re seeking life insurance in California, you may want to
search the internet for the California Department of Insurance (CDI) for further information on policies
and annuity contracts.
Arkansas term life insurance seekers can likewise consult the Arkansas Department of Insurance. Those
seeking a Florida term life insurance quote can also consult the Florida Department of Insurance. You get
the idea. Each state has a deparment set up for your consultation.
For those attracted to the low rates of term coverage, but wanting a cash value policy, there’s an
alternative. We at the Life Quote Center can offer you an affordable term quote for coverage called
Term Return of Premium (Term ROP). While it’s not identical to a "cash value" policy, this plan does
refund all the premiums spent at the end of the term.
If you’re looking for cheap rates, but not cheap coverage, consider getting life term quotes online from
our website. Regardless of your needs, we can help.