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10/3/2018 0 Comments

REVIEW & COMPARE bestow life insurance | PROs & CONs | FAQs

Bestow is new to the life insurance marketplace.  It is a simple online platform that gets people quality non-medical life insurance coverage faster than ever before.  The policies are underwritten by North American Company for Life and Health Insurance.  North American has an A+ (Superior) rating for financial strength from A.M. Best. 
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***Bestow only represents one company***

​REVIEW & COMPARE LIFE INSURANCE QUOTES FROM NORTH AMERICAN —AND ALL OTHER TOP COMPANIES— HERE

WHAT DOES BESTOW OFFER

  • Competitive level 2, 10, & 20 year term life insurance policies from $50,000 to $500,000.
  • Coverage in minutes
  • No medical exam
  • A great monthly rate with no cancellation fees

PROs & CONS — BESTOW LIFE INSURANCE

pros

  • High-value term life insurance policies backed by North American A+(Superior) by A.M. Best
  • Easy to use online life insurance application platform boasting  fast underwriting decisions with no medical exam
  • The Bestow application takes a few minutes to complete. If approved, you choose the monthly payment and enter your credit card information.

cons

  • Only represents one company (North American).  You cannot compare other company’s costs on Bestow's website.
  • Issue age restrictions.  Must be age 45 or younger to be eligible to purchase a 20 year term.  Must be age 55 or younger to purchase a 2 or 10 year term.
  • Only term life insurance policies.  No permanent life insurance (policies that last a lifetime).
  • All policies sold by Bestow will expire by the time you are age 65 (average life expectancy for Americans is 78.7 years)
  • No riders or supplementary coverage

FREQUENTLY ASKED QUESTIONS ABOUT BESTOW

  1. Are Bestow’s rates competitive?
    YES.  Bestow term life insurance rates aren’t the lowest available, but they are consistently better than average when compared to those of the top insurers.  In addition, Bestow applicants may qualify for more coverage -up to $500,000- without a medical exam and pay significantly lower premiums verses a typical no exam policy.

  2. Does Bestow have good customer service?
    YES.  Their website portal is very efficient in handling the life insurance application / underwriting process.  They also provide a toll free number if you need to talk to a customer care representative.

  3. Will applying to Bestow hurt my credit score?
    No. Insurers look at the data behind your credit score (like timeliness of payments or if you’ve filed for bankruptcy), but not your credit score itself.  The request for this data is only a soft credit inquiry and doesn’t impact your credit.

  4. Are there any customer complaints about Bestow?
    YES & NO.  If you fit their profile and get approved for the coverage,  it will be an easy buying experience.  You will be happy and have no complaints.  If you are rejected, you will not be happy which might generate complaints.

  5. Is Bestow's website good, safe and reliable to use when buying life insurance?
    The Bestow platform appears to be safe and secure. This is an assumption based on reputable backing. 

  6. What happens when I turn 66 years old?
    Your coverage will expire.
    ​
  7. What happens if Bestow can not offer me coverage?
    ​If Bestow can not offer you coverage due to age, health, etc., they will provide a link to Policygenius as an alternative.​
Frequently Asked Questions
MORE FREQUENTLY ASKED QUESTIONS

***RELATED READING***
BESTOW LIFE INSURANCE IN THE NEWS

Bestow Raises $15 Million in Series A Financing
​New financing fuels national expansion of a leading insurtech platform

Bestow Launches API, Rapidly Expands Across US
Company rapidly scales with direct-to-consumer products now available in 32 states

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7/10/2018 0 Comments

$500,000 life insurance with no medical exam

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​Sagicor offers up to $500,000 in coverage without a medical exam and quick approvals –in some cases, as little as 2 minutes– without ever having to see an agent or broker face-to-face. You need to be between the ages of 18-65 to qualify. 
under the age of 65 and healthy, but too busy for a medical exam? maybe sagicor is right for you. if not, we’ll work with you to find the best possible policy for your unique needs.

1-888-681-4952
​Sagicor No Medical Exam ​Sample Rates
​​The sample rates shown are preferred class prices. Actual rates will vary based on your health class, desired coverage amount, and term lengths. Sagicor offers a variety of life insurance plans with no medical exam. Their term plans are available in 10, 15, and 20 years. 

30yr old male

COVERAGE AMOUNT
TERM LENGTH
MONTHLY PREMIUM
$250,000
20 YEAR
$24.37
$500,000
20 YEAR
$42.44

30YR OLD FEMALE

COVERAGE AMOUNT
TERM LENGTH
MONTHLY PREMIUM
$250,000
20 YEAR
$19.40
$500,000
20 YEAR
$35.51

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SAGICORNOW REVIEW
SagicorNow is the marketing name for the Sagicor Life Insurance Company’s direct-to-consumer online platform.  The simple online platform allows people to get quality 10 / 15 / 20 year term life Insurance & whole life insurance fast and easy.  Sagicor Life is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings). This rating is based on Sagicor’s financial strength and ability to meet its ongoing obligations.

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CHRISTOPHER J. LALOR

​Christopher Lalor is an independent ​life insurance broker with over 25 years experience and licenses nationwide.
 
He is dedicated to helping you secure the proper protection for your loved ones– as quickly, as affordably, and as painlessly as possible.
 
HIS PROMISE
Straight Answers, Free Instant Quotes, Unbiased Reviews, and No Pressure, Ever.

​“The most straightforward and smooth experience ever.  Chris broke the process down for me in an easy to understand format, showed me which product was the best value for my money, and his support staff followed through in a professional and efficient manner until my policy was issued.  I couldn't be more satisfied and urge all my friends and family to call Chris for any life insurance questions.”​
~
C. Levin, Miami, FL
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2/20/2018 0 Comments

TOP Life Insurance CompanIES — Price & Underwriting Guideline Comparisons

There is much to consider when making comparisons between life insurance companies

The Most Important Factors
  • Price
  • Underwriting Guidelines
  • Company Strength & Reputation

the exact cost of your life insurance depends on 3 variables

  • How much life insurance coverage (the face amount)
  • When does the policy expire (the term)
  • The approved health class (preferred, standard, etc.)

detailed sample quotes and underwriting guidelines

10 Year Term Life Insurance
​
10 Year Term Life Review – AIG Direct or Protective Life?
10 Year Term Life Review – MetLife or Banner Life?
10 Year Term Life Review – Prudential or Lincoln National?
$250,000 10 Year Term Life Insurance Policy
$500,000 10 Year Term Life Insurance Policy
15 Year Term Life Insurance
$250,000 15 Year Term Life Insurance Policy
$500,000 15 Year Term Life Insurance Policy
20 Year Term Life Insurance
20 Year Term Life Insurance – Review – Prudential or MetLife?
20 Year Term Life Insurance – Sample Quote – Voya Financial or Principal National Life?
20 Year Term Life Insurance – Sample Quote Review – North American Company or Minnesota Life?
$100,000 20 Year Term Life Insurance Policy
$250,000 20 Year Term Life Insurance Policy
$500,000 20 Year Term Life Insurance Policy
​
$1,000,000 20 Year Term Life Insurance Policy
30 Year Term Life Insurance
30 Year Term Life Insurance – Review – Transamerica or Prudential?
$100,000 30 Year Term Life Insurance
$250,000 30 Year Term Life Insurance
$500,000 30 Year Term Life Insurance
$1,000,000 30 Year Term Life Insurance
Life Insurance Guaranteed To Age 95
Life Insurance Guaranteed To Age 95 – Sample Quotes – AIG Direct – Protective Life
$50,000 – Life Insurance To Age 95
$100,000 – Life Insurance To Age 95
$250,000 – Life Insurance To Age 95
$500,000 – Life Insurance To Age 95
$1,000,000 – Life Insurance To Age 95
Life Insurance Guaranteed To Age 100
$50,000 – Life Insurance To Age 100
$100,000 – Life Insurance To Age 100
$250,000 – Life Insurance To Age 100
$500,000 – Life Insurance To Age 100
$1,000,000 – Life Insurance To Age 100
Life Insurance Guaranteed To Age 121
$50,000 – Life Insurance To Age 121
$100,000 – Life Insurance To Age 121
$250,000 – Life Insurance To Age 121
$500,000 – Life Insurance To Age 121
$1,000,000 – Life Insurance To Age 121
Life Insurance With No Medical Exam
Guaranteed Life Insurance
$25,000 Life Insurance With No Medical Exam
$50,000 Life Insurance With No Medical Exam
$100,000 Life Insurance With No Medical Exam
$150,000 Life Insurance With No Medical Exam
$200,000 Life Insurance With No Medical Exam
$250,000 Life Insurance With No Medical Exam
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1/17/2018 0 Comments

AAA Insurance "Exclusive Members-Only Group Term Life Insurance" Review

If you are a AAA member, chances are you have received this “Exclusive Members Only Group Term Life Insurance” application & information packet in your mailbox— at least once, if not once a month.
 
Perhaps it met with a quick end in your recycling bin.  Or --if shopping for life insurance has been on your “TO DO” list—​ maybe it caught your eye and you kept it around to review later. 
 
As a AAA member myself, I have accumulated several copies of my own.  As an independent life insurance broker, I can offer a unique perspective regarding the offer itself, the eligibility details, and the corresponding policy premiums.

I would be happy to review the details with you over the phone: (888) 681-4952.  You can also ​run personalized life insurance quotes and compare top rated companies here.
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PROs & CONs of AAA's "Exclusive Members Only Group Term Life Insurance"

ADVANTAGES OF BUYING THIS POLICY

  • The application is easy to complete and a postage paid envelope is provided to mail it back.
  • Only have to answer “NO” on 3 health questions & have no red flags on other information you give AAA permission to obtain.
  • No medical exam or lab tests.
  • Quick approval.
  • As long as your surviving spouse is a AAA member when you die,  he or she will receive a free basic/classic lifetime AAA membership for life.

DISADVANTAGES OF BUYING THIS POLICY

  • Premiums increase every 5 years.  Other leading life insurance companies offer policies that will guarantee the premiums not to increase for 10, 15, 20, 25, & 30 years or even for the rest of your life.
  • Premiums are more expensive then a fully underwritten policies from other life insurance companies.  For example, a male age 40, excellent health, can get a fully underwritten, $100,000 10 year term policy from a leading life insurance company for $8.78/month x 12 months x 10 years = $1,053.60 total cost.  The AAA Exclusive Members Only Group Term Life Insurance is $18/month x 12 months x 5 years PLUS $27/month x 12 months x 5 years = $2,700.00 total cost.  The AAA Exclusive Members Only Group Term Life Insurance is $1,646.40 MORE EXPENSIVE in total cost.
  • Limited benefit amounts.  The AAA Exclusive Members Only Group Term Life Insurance only offers $50,000, $100,000, $200.000 or $300,000 of coverage.  There are no other options.  Other leading companies will customize the coverage amount to what ever you want or need and will not limit the amounts you can buy.
  • The AAA Exclusive Members Only Group Term Life Insurance expires at age 80.  This might be when you need it the most.  Other leading life insurance companies offer policies that expire at age 90, 95, 100, or even older!

Benefits of AAA's "Exclusive Members Only Group Term Life Insurance"

​INSURANCE GUARANTEES 
  • Guaranteed Renewal
Only you can discontinue this insurance once you are covered.  As long as the Group Master Policy stays in effect and the premiums are paid when due, you can never be singled out for cancellation no matter what happens to your health.  You can renew this coverage up to age 80, for as long as you choose, even if your health deteriorates.
  • Guaranteed Level Benefit
The benefit amount you choose will never go down, regardless of any change in your health.
  • Guaranteed Payment With A Covered Claim
Your beneficiaries will get the benefit amount you selected for a covered loss with no waiting periods or partial payments.  Once in effect, you are covered.
  • Guaranteed Spouse Eligibility
Your spouse, age 18-74, is guaranteed to be eligible to apply even if you don’t apply and even if they are not a AAA member.  The definition of spouse includes Registered Domestic Partner, Civil Union Partner, or party to a domestic partnership between two adults, as recognized by state law.
 
​"LIVING BENEFIT" 
Your AAA Exclusive Members Only Group Term Life Insurance allows you to collect benefits while you’re alive thru the “Accelerated Death Benefit”.  This means if you’re ever diagnosed with a terminal illness, and death is anticipated within 12 months or less, you can get up to half of your benefits early to help with expenses.
 
​CONVERSION PRIVILEGE 
At any time before you turn 65, you can convert your Exclusive Members Only Group Term Life Insurance coverage to a permanent life insurance policy from AAA.    Conversion is guaranteed regardless of your health at the time.

Cost of AAA's "Exclusive Members Only Group Term Life Insurance"

HOW MUCH ARE THE PREMIUMS? 

  • You must be a AAA member ages 18-74 to purchase.  The policy can be renewed until it expires at age 80.
  • There are 4 Benefit Amounts to choose from.  $50,000, $100,000, $200,000, & $300,000.
  • There are different monthly premiums for nicotine vs. non-nicotine users.
  • The premiums are banded into age brackets.   Ages 18 to 34 the premium stays the same.  At age 34 the premiums start to increase and will increase every 5 years until the policy expires at age 80.   Although you cannot be singled out for a rate increase, the premiums are NOT guaranteed.   Your premiums may change only if they are changed for all other insureds with the same age, gender, nicotine use, coverage amount, and year of issue.
  • Premiums payments can be made from a checking account or credit card.  A $3 charge will be added to your premium if you wish to receive a monthly bill.
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Applying for AAA's "Exclusive Members Only Group Term Life Insurance"

ONE-PAGE FIVE-STEP APPLICATION PROCESS

Step 1.  Member Information & Spouse Information – if applying.
  • Name
  • Home Address
  • Phone #
  • Email Address
  • Beneficiary Name
  • Beneficiary Relationship
  • Amount of Coverage Desired
  • In the last 12 months, have you used nicotine in any form?  Yes or NO
  • Gender
  • Date of Birth (Must be 18-74 to apply)
  • Height & Weight

​Step 2.  Provide Payment Method
  • Deduct payment from checking account each month.  Will need to provide account & routing number as well as a copy of a voided check.
OR
  • Charge payment to a credit/debit card each month.  Visa, MasterCard Discover and AmEx accepted. Need to provide card number, expiration date, and the name as it appears on the account or card.

​Step 3. Statement of Health
Each of the following questions are answered by checking the box yes or no.
  1. In the past 12 months, have you been admitted to a hospital or had diagnostic testing performed or recommended by a doctor for an diagnosed condition?
  2. In the past three years, have you been treated OR diagnosed by a doctor as having heart trouble, cancer, stroke, lung disease, liver disease, kidney disease, AIDS, lupus, diabetes treated with insulin, ALS, or dementia?
  3. In the past three years, have you been confined to a nursing home, or special treatment facility OR convicted of a felony or driving under the influence?

​Step 4. Other Insurance
Yes or No.  Is there insurance applied for intended to replace, discontinue, or change any existing insurance or annuity?
​
Step 5. Read, Sign, and Date
  • All answers in the application are, to the best of my knowledge and belief, true.  I understand the answers will be used to determine if coverage will be issued, and the application will be part of the Certificate of Insurance.
  • In accordance with its incontestability provision, if I misstate any of the information on this application, the Certificate my be voidable for 24 months from the effective date by AAA Life Insurance Company.
  • I authorize the Company to use the payment method I indicated on this application.  This authorization will remain in effect until I notify the Company in writing to cancel it.
  • Coverage will take effect on the Effective Date shown on the Certificate, provided the first premium has been paid and there has been no change in my health since the date of the application.  If my health changes prior to the Effective Date of the Certificate, I must promptly inform the Company in writing.
  • I authorize any licensed physician, medical  practitioner, hospital, clinic, pharmacy, pharmacy benefit manager or other medical relate facility, consumer reporting agency, insurance company, or other organization that has any records or knowledge of my medical or prescription history, credit attributes, public records, driving record, or social security number, to give any such information to the Company, its re-insurers or any entity retained by the Company to collect and transmit such information.
  • The company will not use or disclose medical information for any purpose other than stated above except as may be required or permitted by law.  Such medical information may be subject to re-disclosure and may no longer be protected by federal privacy regulation.
  • The authorization shall be valid for 24 months from the date signed.  I understand I or my representative have a right to a copy of this authorization.
  • I may revoke this authorization at any time by writing to the Company, and if I do, the Company may decline my application.

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