Term Life Insurance News
FOR IMMEDIATE RELEASE
CONTACT:
Michael Fry
1730 Park Street, Suite 218
Naperville, IL 60563
Phone: 888-858-TERM (888-858-8376)
HIGHER TERM LIFE INSURANCE PREMIUMS PREDICTED
Naperville Native Helps Clients Slash Expected Rise in Term Life Insurance Costs
NAPERVILLE, IL-According to Michael Fry of TermDog.com, term life insurance premiums are predicted to rise 5 to 10 percent over the next year. This is due in part to the higher reserve requirements for life insurance companies. Fry, a native of Naperville and lifetime resident of DuPage County, is concerned about this rate increase. He’s already working to help his clients combat higher term life insurance premiums through his new website, TermDog.com.
Fry, an insurance professional since 1987, understands the need to save money on term life insurance without sacrificing coverage. He also knows that the average person can be easily confused by the jargon of the insurance world and be mislead into purchasing the wrong policy. That’s why he’s fulfilling a dream to help others cut their insurance costs while providing them with a better understanding of the language of the industry.
At TermDog.com, Fry offers free easy access to educational articles and an online term life insurance quote system. He also provides answers to frequently asked questions (FAQs), and a variety of relevant information to help site visitors recognize the differences in insurance policies, choose the type of insurance to best meet their needs, and even understand how insurance rates are determined based on health, age and other factors.
Fry has been a top life insurance producer for many years. As the principal of Steward Financial Services, a planning firm that specializes in financial stewardship advice, Michael has also trained other financial advisors throughout the country and has offered free debt counseling to many people referred to him by area churches. He understands the world of finance and the struggle that people face in stretching their money to meet their needs. That’s why he created TermDog.com which focuses on providing money saving services and advice in a simple user-friendly format.
This father of three is very involved in Calvary Church of Naperville, and is a loyal supporter of Junior Achievement.
For more information on Michael Fry or on TermDog.com, call 888-858-TERM (888-858-8376).
How Much Does Life Insurance Cost?
What a question, “How much does life insurance cost?”
I am asked this question on a daily basis. There are many variables that make up the cost (or premium) of a life insurance policy. They include the amount of coverage you are seeking, the length of time you want the coverage to last, your overall health, family history and age and whether you are a tobacco user. There are some variables that are just as important but most people are not aware of them which includes your occupation, if you are involved in any dangerous activities such as a private pilot or hang gliding or mountain climbing… this list can be rather long. Your financial net worth and annual income is also taken into consideration when the insurance company is deciding on what premium to offer you.
The most important component of the premium, however, is the purpose for purchasing the policy in the first place. Are you looking for maximum coverage in the event of premature death (I have always wondered how many deaths were right on schedule) to take care of your family or are you looking for cash accumulation in addition to the death benefit to give you a tax-free retirement income? Are guarantees important to you? Are you funding an Irrevocable Life Insurance Trust, or do you just want your mortgage paid off?
In addition, have you looked at the financial strength of the life insurance company? If you purchased a policy through an internet term quoting machine or didn’t consider all of the above factors, you may not have the right policy. Or you might be able to improve on the policy you already own. Let me tell you a dirty little secret about most online life insurance quoting websites. These sites want you to think that they can answer the question of “what is the average price of life insurance?” In reality, what some of them are doing is selling your information to any insurance agent, and I mean any agent, that will buy your information. These insurance agents may be less experienced or unaware of all of the factors involved in determining the best life insurance policy for you.
One last thing to be aware of- insurance companies will have as many as eight different rate classes and an additional ten substandard rate classes. I find that most people that were quoted a life insurance premium without all of the facts were misquoted by as much as three to five rate classes. It is very important that all of your personal factors are taken into consideration when preparing a life insurance quote. That is why a quote or a review using The LIFE Study is the preferred method in helping you to find the best life insurance policy for you and your family.
“Click here” to get started with your free insurance review or life insurance quote.
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What is The LIFE Study
The LIFE Study is a personalized independent objective evaluation of your existing life insurance. In addition The LIFE Study is a great way to find out how much a new life insurance policy would cost. Created by financial advisors (not by life insurance companies), The LIFE Study is uniquely designed to uncover the hidden, overlooked, and lesser-known opportunities to lower your costs and improve your coverage. Life Insurance is often one of the most valuable assets within a family’s financial portfolio. Yet very few people ever give it the same kind of attention as they might give their other investments. Think of reviewing your life insurance in the same way you might consider refinancing your mortgage. Just as there can be lower interest rates enabling you to save money on your mortgage, there can be improved conditions to strengthen your life insurance. The difference is that these benefits are not as widely published or known as are mortgage interest rates!
Sometimes referred to as a ‘life insurance audit’, The LIFE Study approach is unique. It’s a quick yet comprehensive analysis that weighs your personal and policy information to determine where your policy ranks within the most up-to-date insurance market data. In addition, we’ll look at the top life insurance companies and their policies to see where improvements may be found and present you with a comprehensive report of our findings.
Click here for a sample LIFE Study Report!
Best of all, this information comes to you from a seasoned, objective third-party, Your LIFE Study Analyst!