Andre Cabral, Life Insurance Agent
Andre Cabral
United Healthcare
Life Insurance Agent Licensed in NJ
Contact Details
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Location
Iselin, NJ
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Website
Andre Can Help With:
About Me
Greetings! I'm Andre, a life insurance professional committed to serving our community. I take the time to understand your unique situation and connect you with coverage that provides long-term security. Let's work together to build your peace of mind for the future.
Q&A with Andre Cabral
What happens to my life insurance if I change jobs?
Answer: It depends on various factors. Most likely, you are member of a GROUP POLICY, meaning you're not the owner; the employer owns the policy. If you get a copy of your certificate, you'll probably find out about your coverage, in case you leave the company.
Some employers cease the coverage as the employee leaves the group, while others maintain coverage afterward, or allow the former employee to convert his/her coverage to their own. The sure way to be informed is seeking your HR manager. You and your beneficiary MUST know all the information a.s.a.p.
What happens if you stop paying whole life insurance premiums?
Answer: When you stop paying whole life policy premiums the carrier will attempt to contact you and resolve the issue. If you don't respond within a given time, your policy lapses and consequently will be cancelled. If you let it go, you still have the accumulated cash value. Some insureds choose to pay the missing premium by automatic withdrawing from the cash value. In this case, the policy keeps going until cash value exhausts.
What happens to the cash value of a whole life insurance policy when I die?
Answer: When you die your beneficiary will receive the whole policy face amount. This will always be greater than your cash value. When your policy reaches the Maturity, the cash value equals the face amount. Either way, these amounts only modify by deducting any loan you had before.
What is an irrevocable life insurance trust (ILIT) and how does it work?
Answer: When a policy is IRREVOCABLE it means that you cannot change the beneficiary for the life of the policy.