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In some cases, yes. There are some simple term and whole life policies which can be quoted and finalized without directly communicating with us. However, these policies often come with major drawback, such as higher premiums, policy costs/fees, and graded benefits. There are other types of insurance (such as IUL) which are far too complex to quote without having a conversation with you first. We still advise you to contact us concerning your auto-generated quote or policy. This is so we can determine whether or not it is in your best interests. If you wish to move forward without speaking to a broker, follow this link: https://agents.ethoslife.com/invite/a8bf1

The cost of your insurance is primarily determined by your age, biological sex, and health. However, other factors can also greatly impact your chances of being approved for a particular policy. Those factors can cause the premium payment to be higher. Being a smoker (or using any other nicotine products)is one factor. Participating in dangerous hobbies or occupations is another. Your driving record may be a reason why your premium is higher than it normally would be in other circumstances. Your family medical history has the ability to affect your premiums as well. In a nutshell, your cost of insurance is determined by the amount of risk you carry.

Yes, as long as “insurable interest” is present. A person always has insurable interest in themselves, their spouse, and their child(ren). In some cases, you may be able to insure a parent or sibling. Some other cases not within the realm of personal insurance: businesses may offer plans to their employees. They may also offer a “key man” policy to those individuals in the company who’s death would greatly affect the performance of the company. Institutional Lenders are able to take out policies on their debtors.

No. Term Life Insurance does not usually have a cash value component. Any premiums paid into the policy will be forfeited if you do not die within the specified term. If your policy includes a ROP (Return Of Premium) rider, some (or all) of the premiums will be returned to you. The only other way to receive a payout from a term policy is through an additional rider, such as a terminal illness or disability rider. Some Riders may be included in the base policy by default. Other times they may be offered at an additional cost. Some policies do not offer all or some of these types of riders, which is why is it important to discuss the contract terms with a fiduciary broker, such as ourselves.

Yes. There is no legal limit on the number of policies someone can have. Life insurance companies will impose a monetary limit on the cumulative death benefit of all policies combined, meaning they will not over-insure an individual by writing multiple policies which exceed the individual’s “Life Value”, but that is a separate issue from the number of policies a person is able to have.

Yes, it may be possible. However, life insurance is all about risk. Newly-convicted Felons constitute a much higher statistical risk. Because of this, some felons are often uninsurable. You are far less likely to get approval if you have a conviction within the last 10 years. This is not always the case, but it is a good guideline of what to expect when searching for life insurance with a felony conviction.

That’s entirely up to you, but it is most often in your best interests to do so. Employers offer life insurance to their employees for two main reason: to attract new employees, and to retain existing employees. The insurance policy they may offer serves their primarily interests first and foremost, not yours. You will most likely lose all of your insurance benefits if you are terminated, switch jobs, or retire. You will also be older. As a result, you will have to pay higher premiums than if you had taken out a personal insurance policy on yourself earlier. You also run the risk of decreasing the likelihood of your insurability. This is due to the fact that you are more likely to encounter additional health issues as you age.

Not necessarily. It depends on the amount of coverage you are applying for, and what product and type of insurance you want. Some companies offer simplified underwriting on products below a certain face value, as long as you fall within their age and health requirements. Each company and policy is different.

This all depends on your individual circumstances. There is no way of answering this question accurately without additional information. This is why it is so important to speak with a fiduciary broker directly concerning your policy. We DO NOT sell insurance simply for the sake of selling a policy or earning a commission. We will also never advise you to enter into a Term contract if a whole life policy better suits your needs, and vice versa. Each situation is entirely unique.

In some cases, yes. If you have insurable interest in another individual, such as a child or spouse, you can “own” a policy in which the other person would be the insured party. Assuming you are wanting to take advantage of the Living Benefits that come with using an IUL, it is possible in some circumstances to use a surrogate insured. Annuities could also be a suitable alternative to an IUL because there is no medical underwriting, but it depends entirely on your personal situation.

It depends on your personal financial situation, and also whether the policy is Term or Permanent. If you have a life insurance policy of any kind, it may be slightly more beneficial for you to pay annually since small administrative and processing fees are often added to each premium payment (less frequent payments would mean you are saving the costs associated with these fees). Making annual premiums with properly funded IUL and Whole Life policies can allow for greater cash-value accumulation in the early years of the policy, but will greatly depend on factors such as crediting strategies and indexing options. If you are considering a term policy, making monthly premium payments will not hinder the “performance” of the policy. However, there will generally be additional processing and administrative costs related to monthly premium payments.

Medicare supplemental plans, also known as Medigap, do not cover any additional health issues, but instead covers the “gap” in your existing Medicare policy in relation to the amount you owe for medical services. Medicare Advantage plans often do offer additional coverage, such as combining Medicare Parts A, B, and D (prescription drug coverage), as well as dental, vision, and hearing. Advantage plans vary, and may or may not cover these additional services.

Medicare Plans A & B cover health services at any facility in the United States. However, it is always important to verify that a medical provider accepts Medicare coverage before scheduling an appointment.

In some cases, yes. You will most likely need to visit a doctor in-network for all non-emergency care if you have Medicare Plan C to be covered under your in-network deductible and/or copay. Medicare Advantage HMO and PPO may cover non-emergency treatment out-of-network, but generally have higher copays and deductibles. Medicare Advantage plans may also require you to obtain prior approval. That is not the case for Medicare Plan A or B, but you still have to verify that the physician accepts Medicare before scheduling a visit.

No, you would need to purchase a Plan C policy which may or may not include vision, dental, and hearing. You may also want to purchase Plan D which covers prescription drug costs. Supplemental vision, dental, and hearing plans are also available at an additional cost outside of the scope of Medicare Advantage plans.

Yes. Plan A & B require copays and deductibles and generally 20% of all fees, and there is no limit on the amount of out-of-pocket expenses you may incur during the year. Medicare Plan C may also requires premiums and deductibles, but each plan sets its own limit on the yearly out of pocket maximum expenses you will expect to pay. Medigap coverage offsets the out-of-pocket costs of Original Medicare (A and B) and will have an additional premium.

Typically, no. Original Medicare (Medicare A & B) does not offer emergency or routine coverage outside of the US. Medicare Advantage Plans (Plan C) sometimes cover overseas emergency care, but do not cover routine care.

Medicare coverage is available to some individuals below the age of 65 who are receiving Social Security disability benefits. Otherwise, you must be 65 years of age.

Plan F, although it is not available to all individuals. Plan G is the second most comprehensive, and is available to anyone who has basic Medicare (A & B).