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Life Insurance
 What is the term Life Insurance?
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Term is simple. You pay a fixed premium for a period of time (the term) from one to thirty years and if you die during that time the insurance is paid to the person or persons you designate to receive it - called the beneficiary(ies).
Term life insurance usually has the lowest premium, however Term does not build cash value.
It covers you for a specified period of time (usually from 5 to 30 years, you choose). If you purchase a $500,000 term life insurance policy for 30-year period and you die in any of those 30 years, your beneficiary receives the million dollars TAX FREE!!
This is the most affordable way to protect your family for a 30 year period. The life insurance benefit can used to pay off a mortgage, pay for college tuition, and to ensure that your family will continue the same lifestyle without the insurds yearly income.
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 Return Of Premium?
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Return of premium life insurance is a newly introduced term life insurance policy that provides both death benefit protection and a return of premium insurance feature. Return of premium life Insurance is aimed right at one of the greatest objections to term life: "I am probably not going to die, and my money will have been wasted."
Here's how it works: If you keep your policy "in-force" for the entire period, at the end of that time whether 15, 20 or 30 years, the life insurance company that issued the insurance returns the entire premium that you paid for the insurance.
For Example: If you paid $40/month for 30 years for $500,000 of term life insurance, at the end of the 30 years you will receive a check for $14,400.
Some companies will even let you exchange your $14,400 for a paid up in full whole life policy. This is guaranteed life insurance for a specific amount for the rest of your life and you never have to pay a single premium.
Term Life insurance that returns all of your money or can be exchanged for a paid up policy. The best of both worlds!!
Talk to a Chicago Insurance Professionals agent today for more information.
1.866.530.CIPS (2477)
Or Click here to fill out a short form and a Chicago Insurance Professional will contact you within 24 hours.
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Have you been denied Life Insurance in the past?
Chicago Insurance Professionals is able to offer graded guaranteed issue life insurance policies to help cover final expenses. These expenses include burial, medical bills, debts, and estate taxes. Depending on your age you are able to purchase up to $250,000 of term or whole life insurance GUARANTEED!
These policies are open to anyone, do not require a medical exam or even a medical history form. All that is need is short 10 questions application.
The Death benefit is limited for the first two years. If the insured was to die in the first two years from an ACCIDENT the ENTIRE death benefit will be paid. However, the death benefit is limited to the premiums paid plus 10% if death is not from an accident in the first two years.
After 3 years the full death benefit is paid no matter what the cause of death.
Guaranteed issue life insurance isn't for everyone. But if you have trouble obtaining other insurance policies because of a health conditions, and expect to live for at least two years, guaranteed issue life insurance might be your best option.
Talk to a Chicago Insurance Professionals agent today for more information.
1.866.530.CIPS (2477)
Or Click here to fill out a short form and a Chicago Insurance Professional will contact you within 24 hours.
Universal Life Insurance
Universal Life Insurance is a flexible life insurance plan. These policies are interest-sensitive and permit you to adjust the death benefit and/or premium payments, within limits, to fit your situation.
Theses policies are ideal for the self employed who may have fluctuations in disposable income. Universal life policies will stay in-force even if you can not make the full monthly payment. (Providing there is enough cash value)
Your net premium payments are applied to the accumulation fund, which earns interest. The monthly cost of the death benefit and policy administration is deducted from the accumulation fund. As with Whole Life Insurance, the cash value is yours - you may withdraw it or borrow against it at any time. or, you can use your cash value to pay premiums. Universal life rates are subject to change, but the rate will never fall below the minimum rate guaranteed in the contract.
Universal life is a great form of permanent protection and tax deferred cash value growth.
Talk to a Chicago Insurance Professionals agent today for more information.
1.866.530.CIPS (2477)
Or Click here to fill out a short form and a Chicago Insurance Professional will contact you within 24 hours.
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