SMH Insurance Agency, Inc. is a broker agency located in Richmond, Virginia. We work with the best top rated life insurance companies to provide you with unbiased quotes. We represent Gerber Life Insurance, American International Group (AIG), Mutual of Omaha, plus many other companies to provide seniors the lowest life insurance premiums. Because life insurance is one the biggest purchases you will make for your and your family, it’s important that you purchase the best policy. We can provide you the information needed to my an informed decision with a company you can trust.
What’s A Guaranteed Acceptance Whole Life Policy
A Guaranteed Whole Life Insurance Policy is for an individual who cannot get approved for a basic life policy that requires underwriting. For a person who can’t qualify for an underwritten or pass a medical exam guaranteed acceptance Whole life insurance is the solution. Being exactly what it sounds like not a single person turned down or left uninsured if you want a life policy. Even if you’ve been declined in the past for life insurance and regardless of your health or any pre-existing conditions you will be able to buy a policy. No one should have to go without life insurance protection, and these plans can ensure that you have the policy that you need no matter how high of risk you medical condition(s) maybe at the time you apply. You never know what’s going to happen to you tomorrow. Don’t wait to get the insurance policy to protect you and your loved ones. Who would be responsible for your final expenses and debts if you were to pass away unexpectedly? Your loved ones would be responsible and means they would be left with your debt and paying for your final expenses.
Coverage levels range from $5,000 to $25,000, with premiums starting at less than $15 per month for $5,000 and premiums that are guaranteed to stay the same throughout the life of the policy. (Premiums are based on 2017 calendar year).
These policies are designed for those between the ages of 45 and 85. You cannot be denied coverage for health reasons. There are no health questions and no medical exams required to get accepted to have this type of policy coverage issued.
As long as you continue to pay the premiums, your family is guaranteed to receive a death benefit after you’ve passed, which can help cover burial costs and final expenses. By current federal law the death benefit is not subject to federal income tax when paid to a named beneficiary.
Premiums That Never Increase:
You will pay same premium amount for 20 or even 30 years because they’re guaranteed to never to increase. Your coverage will never cancel as long as you pay your premiums.
Living Death Benefit for Terminal Illness:
Allows you or the owner of the policy a one-time election to receive the death benefit if the insured has a terminal illness that will result in death within 12 months or less. This feature will give your loved ones access to monies to help pay for your medical care.
How Much Life Insurance Do You Need:
It’s very important that you buy the right amount of life insurance protection, so that your loved ones will have the available funds if you unexpectedly pass away. There are several factors that you should consider when you’re calculating your life insurance needs. You will need to look at all of your debts and final expenses that you would leave behind. The next item to consider is your paycheck. If you’re one of the main income earners your family would struggle if something would happen to you. One of our agent would be happy to review your expenses, debts and final expenses to calculate your needed amount of insurance.
Please contact SMH Insurance Agency, Inc. in Richmond Virginia today for a free no obligation quote. We would like to be your local agent from start to finish and beyond.