My impression is that there are low cost term life insurances. Why are they low cost? Where can I find them? When should I buy one?

Shawn

San Antonio TX

You are right. There are indeed low cost term life insurances. These are available from any insurance provider or broker. This is actually one type of life insurance. The other one is called a whole or permanent life. A low cost term insurance is something that provides death benefits alone, hence, the lower premiums compared to other life insurances that provide for cash values. In other words, and to put it bluntly, if you don’t die, there is no financial benefit or inheritance to your beneficiaries.

Deciding between the more expensive whole or the low cost term life insurance depends on some factors. First, if you are on a tight budget and can only spare so much, then, you need a term life insurance. Second, determine how much you can spare within the next five or ten years. If you can spare a couple of hundred for a year, you can buy a term insurance for about $200,000, which may be enough to cover for your mortgage in case something happens to you. If you need more than that amount and can afford the additional cost, by all means, get a bigger amount. Third, if you only want a simple and straightforward coverage without having to think of other things.

Term life insurance  is available both online and offline. Offline means those traditional insurance agents whom you need to call over the phone and set up an appointment with to discuss your insurance needs. Or, you can buy this life insurance online by filling out an online application that gets to the insurance provider within seconds. You can choose either one of the two, whichever is more convenient for you. If you want to find it fast and get a quick approval, the online application system will work best for you.

What’s unique about life insurance in San Antonio?

Jean

San Antonio TX

What an interesting question. Why? What have you heard about life insurance San Antonio? San Antonio does have a lot of military bases. There is Fort Sam Houston, Randolph Air Force Base, Lackland Air Force Base, and even Brooks City-Base. With the presence of these bases, there are insurance companies in San Antonio that offer military life insurance. Maybe this is what you mean by unique.

One such company is the United Services Automobile Association or USAA. People with what you can call as “normal” jobs, know that they have to have life insurance in order to help their family in the upcoming future. This becomes more important if a person is in the military.  San Antonio or any other place needs to adjust its policies in order to give better services to its customers.

Military personnel and their immediate family face a lot of issues when it comes to life insurance. Soldiers for example cam be called to serve on a very short time which gives them little or no time to deal with business or even personal affairs. Most life insurance policies are affected when the person who obtained the policy spends a lot of time away from home or even move out of the state. Insurance companies most have a way to address this.

There are also policies that have a provision known as the “war exclusion.” Under this provision, insurance companies have the option not to release the benefits if the death was the result of a military action or war. Now we wouldn’t want that for our military personnel now do we? Further, there are also exclusions on traveling by non-commercial aircraft.

As you can see, life insurance coverage in San Antonio being offered is unique in the sense that it gives special consideration to military persons.

I’m frustrated with my deceased husband’s life insurance company. What should be my basis in determining the best life insurance company if ever I want to insure myself?

Anna

San Antonio Texas

If you examine all San Antonio life insurance companies, they have more or less the same products. They may vary in their rates, how they package their product, and some offer additional perks but the core of the product is the same. They offer death benefits — a specific sum of money the beneficiaries can claim upon the death of the insured person.

So examine your deceased husband’s insurance company, and identify what caused your frustration over them. Then use it as your basis on what you should look out in your search for the best life insurance company.

Can it be their bad customer service? They never give you feedback with your request. If ever they do, the time it took them to give you an update is unreasonably long. You feel you are left alone after they got your husband’s money. Therefore, one characteristic of a good life insurance company is that it should have a responsive customer support staffs who can assist you in your time of grief.

Do you feel that it took them forever to give you the benefits? You saw how your husband was diligent with his payments but when it’s time for you to collect, it seems that the insurance company is holding back the money which is rightfully yours. Truth is, even in best life insurance company, claims processing cannot be done overnight. It might even take months before you can collect the benefits. So when talking with different insurance agents, let them be honest with you regarding their processing time frame.

In processing the claims, did you feel lost? You had no idea where to start. You’d been thrown from one person to another when you apply for claims. So a good San Antonio life insurance company should have a very organized system, not only with the claims processing, but in all areas of their business.

Therefore, we can conclude that the best life insurance company is not only able to give you the best rate. But, they also have the best people to serve you, and a well-organized system.

Blake

Hey Blake, I am in somewhat the same boat as you are except I have a heart attack 18 years ago that still counts against me when they check my medical history to get the premium for life insurance.  I would highly recommend you stop smoking, work hard to lower your blood pressure and if needed loose some weight before you ask to get the quote.  You don’t want to be denied for things that you CAN work on and over come with some effort.  You will not only look and feel better but you will live longer and pay much less for life insurance.  Bob Hayes is a good life insurance agent here in San Antonio, but you can compare San Antonio life insurance rates from this site much faster than calling an agent.

Nic