Military life insurance benefits
Most military members and spouses do not fully understand their life insurance benefits! It’s important to consider whether or not the SGLI and FSGLI provides enough coverage for your family. It’s also imperative to know how these plans continue after the military.
Life insurance after the military
When Active Duty member transition from the military their SGLI can continue through the VGLI program. However, it is NOT AUTOMATIC. The VGLI is a competitive plan when a member cannot get insurance on their own, is offered a tobacco rate or a very high price due to a health issue. Additionally the Survivor Benefit Plan is available for retiring families.
Affordable life insurance plans
It’s a good idea to shop around for life insurance! As an independent broker, Melissa can assist you by checking the prices of approx. 20 A rated, reputable companies. Since most companies are similar in their pricing it is important to compare features and financial stability.
Business life insurance
Business owners need adequate life insurance to ensure their entrepreneurial efforts are protected. Whether it be funding a buy sell agreement, protecting a key employee or personal coverage Melissa has expertise to help find the right plan.
Getting the right pricing and information
Here is where most people get stuck! Online quoting tools are not an accurate representation of what you will be actually offered if you choose a company. Life insurance is more involved since almost ALL carriers will ask for detailed health/lifestyle information to make an offer. This is why working with a broker can take the leg work out of the process. Many times consumers find out after they apply a company offers a higher price and sometimes a decline.
Choosing a good, financially stable company
Consumers are bombarded with options to choose a life insurance company these days. Melissa recommends checking a company’s financial stability by verifying their 3rd party ratings and assets. If you need assistance with this, just ask!