Reader question:

I used to have Clearwater Florida smokers life insurance, but I let my policy lapse. It’s been a couple years since then, and I actually don’t smoke anymore. Do I still need that kind of policy?

Grace

Good question, Grace.

Well, how long ago did you quit smoking? That’s the most important question. Considering what an addictive substance nicotine is and the long and short term effects smoking can wreak on your body, having just quit last month won’t cut it to get you out of Clearwater Florida smokers life insurance. No, if you’re a recent quitter, then you’re going to have to keep paying those high rates for a good while yet, but that’s more the reason to get started ASAP.

If you have been not smoking for less than 12 months, then you still need a Clearwater Florida smokers life insurance policy. After that, you can leave that behind, but you’ll still be paying substandard rates. It will take three years for you to get to pay standard rates, an two more years after that for you to get to pay preferred rates, if you’re in great health.

take care,

Fashun

Reader question:

I’m going to buy Clearwater Florida term life insurance online, but what i can’t figure out is, how much coverage do I need?

Crista

Good question, Crista.

Trying to figure out how much coverage you require when you buy Clearwater Florida term life insurance online can threaten to make your head explode. It seems difficult to imagine just what your family will need after you die, because that is something very far in the future and there are so many variables that could change. You could get sick, have a few more kids, whatever. But remember that you can reassess your life insurance policy from time to time, so when you pick out your coverage, you need to base your calculation on the here and now.

The equation for how much coverage you need when you buy Clearwater Florida term life insurance online is actually pretty simple. All you need to do is to take the costs of both the immediate after death needs, such as funerals and hospital bills, and add that to more long term financial needs, like paying off your house, college loans or tuition, family support, and then subtract from that composite number things such as your spouse’s income, stock options, and other sources of income or potential income. The number you get is the amount of coverage you need, for now.

take care,

Fashun

Reader question:

When I compare Clearwater FL life insurance rates, should I choose the option to get accelerated death benefits?

Lucy

Thanks for asking, Lucy.

If you are in good health and are just looking for the cheapest option when you compare Clearwater FL life insurance rates, then you might want to leave the accelerated death benefits box unchecked. Although some companies allow you to integrate this option into your policy for free, most companies will add a certain charge for the benefit.

Even when you’re paying extra, consider also as you compare Clearwater FL life insurance rates that the accelerated death benefits often have a cap placed on them. It’s very rare that you can get your enire death benefit before you pass away. Some companies cap this with either a certain percent of your coverage, and others with a dollar amount. Still other companies will indeed allow you to take out all of your coverage before you die, although in some areas they have to give this to you in payments by month.

take care,

Fashun

Reader question:

I have Clearwater FL term life insurance. Can I get accelerated death benefits?

Craig

Great question, Craig.

First, let me explain accelerated death benefits for all those who don’t know: accelerated death benefits allow you to pull out of the money in your coverage before you die, in the event that something extreme happens, such as if you fall terminally ill or you have to go live in a nursing home on a temporary or permanent basis. Even though it might seem like something related to a cash value plan, though, you can get accelerated death benefits even if you have Clearwater FL term life insurance.

In general, your Clearwater FL term life insurance policy only allows you to grab accelerated death benefits if you have a very short life expectancy. The range tends to be within 12 months of your application for the accelerated death benefits. Normally, the disease has to be something like terminal cancer, AIDS, heart disease, and the like. You may have a policy which had accelerated benefits already a part of them, or your company may have charged you extra for these benefits.

take care,

Fashun