LIFE INSURANCE 101
WHY DO I NEED IT?
THINGS TO THINK ABOUT
WHY DO I NEED IT?
There are many different variables for an individual, family, or even business owner/partner(s) for the use of life insurance. The most common use of life insurance is; so that we do not put our loved ones in a financial burden when we are no longer alive.
Cost of a burial/cremation, cost of "Celebration of Life" Expenses, Funeral Homes E
There are many different variables for an individual, family, or even business owner/partner(s) for the use of life insurance. The most common use of life insurance is; so that we do not put our loved ones in a financial burden when we are no longer alive.
Cost of a burial/cremation, cost of "Celebration of Life" Expenses, Funeral Homes Expenses, and the list could go on. These things become expensive when you try and pay for them yourself.
HISTORY
THINGS TO THINK ABOUT
WHY DO I NEED IT?
Life Insurance has been around for many generations. Life insurance began in the U.S. in the 1700s. In Pennsylvania, a group of officials of the Presbyterian faith created a fund to protect Presbyterian ministers and their families. It was called the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Minist
Life Insurance has been around for many generations. Life insurance began in the U.S. in the 1700s. In Pennsylvania, a group of officials of the Presbyterian faith created a fund to protect Presbyterian ministers and their families. It was called the Corporation for Relief of Poor and Distressed Widows and Children of Presbyterian Ministers. Life Insurance today is highly regulated by the "Department of Insurance" to make sure; to protect the insurance consumer.
DIFFERENT TYPES
THINGS TO THINK ABOUT
THINGS TO THINK ABOUT
Even though the main reason most individuals seek life Insurance is to help with Funeral Costs and Burial. Life Insurance is so much more than that. For that reason, BAJM Agency would love to educate you on them.
The Most common are:
-Whole Life
-Term Life
-Final Expense
-IUL
-Children Life
For Business
-Key Person
-Partner Life
THINGS TO THINK ABOUT
THINGS TO THINK ABOUT
THINGS TO THINK ABOUT
When you are thinking about life insurance; some key thoughts you may want to take into consideration.
-Do I Have A Mortgage or Monthly Rent?
-Do I Have A Car Note?
-Am I Worried About My Kid's College?
-What Kind of Bills Do I Have?
-What Is The Cost Of Living Now and What Will It Be 5 to 10 Years From Now?
If you are wondering why these thing
When you are thinking about life insurance; some key thoughts you may want to take into consideration.
-Do I Have A Mortgage or Monthly Rent?
-Do I Have A Car Note?
-Am I Worried About My Kid's College?
-What Kind of Bills Do I Have?
-What Is The Cost Of Living Now and What Will It Be 5 to 10 Years From Now?
If you are wondering why these things are important when considering a life insurance policy; Maybe a conversation with a BAJM agent might be advisable.
THE DIFFERENT TYPES OF LIFE INSURANCE WE CAN OFFER |
Whole Life
Index Universal Life
Whole Life
A Whole Life Insurance Contract / Policy is also known as a "Permanent Policy". The reason for this; is that as long as the agreed-upon premiums are paid the policy will not expire and will pay out the death benefit to the beneficiary upon the policy owner's end-of-life. Most of these policies also have an increasing "cash value" benefit built into the policy.
Term Life
Index Universal Life
Whole Life
A Term Life Insurance Contract / Policy is as it states "Term". These contracts are good for a certain period of time. Most common are a 10-year, 20-year, or 30-year Term. This certain life insurance is usually the most cost-effective way if you are looking to stay within a budget. These are also good if you are looking to purchase a higher-end type policy,
Index Universal Life
Index Universal Life
Juvenile/Childrens Life
An Index Universal Life Contract / Policy is a permanent policy as long as the premium agreed upon are paid or it reaches its maturity date. This is a Product that is for someone that is looking into having a life insurance policy and also wanting to invest for retirement age. This product also has some great tax-free benefits.
Juvenile/Childrens Life
Juvenile/Childrens Life
Juvenile/Childrens Life
Should I get life insurance on my kids? This is a very serious question that needs to be answered by every parent/grandparent/guardian. BAJM agents would love to educate you on why children are so important to have life insurance.
Group / Employee Life
Juvenile/Childrens Life
Group / Employee Life
When looking to put an array of benefits into the business because you care for your employees. Life Insurance is a good fit. It is usually a really good idea to show not only you care for them as an individual but also letting them know that if something was to not go right one day and they are no longer with us, that you care enough to
When looking to put an array of benefits into the business because you care for your employees. Life Insurance is a good fit. It is usually a really good idea to show not only you care for them as an individual but also letting them know that if something was to not go right one day and they are no longer with us, that you care enough to help the family. Life Insurance can show that in a business.
Key Person Life
Juvenile/Childrens Life
Group / Employee Life
Usually, every business owner has that one person or people that they depend on to run the vital backbone of the business. What happens when God calls them home? It takes money, time and training to find that next key person to put into that place. Of course, they cannot ever be replaced but a life insurance policy on this person/people c
Usually, every business owner has that one person or people that they depend on to run the vital backbone of the business. What happens when God calls them home? It takes money, time and training to find that next key person to put into that place. Of course, they cannot ever be replaced but a life insurance policy on this person/people can help the business with the financial burden it would take if that was to happen.
Partner Life
Important Notice
Important Notice
You are in business together, so your stakes are high and investments are key. Let a BAJM agent help in educating you on how to protect those investments with life insurance.
Important Notice
Important Notice
Important Notice
When Quoting a Life insurance Policy it can change once a contract is started. Life insurance is figured on a variety of different factors such as medical records, and age, just to name a few. Also before a policy is put into force it has to go through an underwriting process. BAJM Agency is not the underwriter and must submit any applica
When Quoting a Life insurance Policy it can change once a contract is started. Life insurance is figured on a variety of different factors such as medical records, and age, just to name a few. Also before a policy is put into force it has to go through an underwriting process. BAJM Agency is not the underwriter and must submit any application it receives to the appropriate company's underwriting department for review.