Life Insurance
When an individual dies, he or she typically leaves behind the
unfinished business of a lifetime. Life insurance is designed to
protect against the risk of premature death. Basically, it's the
promise of the insurance company to pay a pre-specified benefit to the
beneficiary upon the insured's death.
There are several types of life insurance policies available but the
following table can help you determine which may be best for your
current needs:
| Comparison of Life Products |
| Features |
Term |
Universal / Whole |
| Death Amount |
Fixed & Level |
Adjustable, Level or Increasing Options |
| Premiums |
Fixed Schedule, Increasing Amount |
Flexible Schedule, Flexible Amount |
| Cash Values |
None |
Current Interest w/ Guaranteed Min. Rate |
|
Term Insurance = Renting
Universal Insurance = Owning
Application / Underwriting Procedures:
- Call Lisa Rogers at 303-357-2605 to set up an appointment.
- The application/completion process usually takes approximately 40 minutes.
- Once the application is submitted, applicants will be asked to have a Paramed Exam. This usually entails a blood/urine draw,
height, weight, blood pressure etc., and sometimes an EKG depending on the amount being applied for.
- Have ready copies of your financial and income history.
- Then we await a decision from the underwriters. This can vary from 3 weeks to 8 or 10 weeks.