Bill Wheeler, Life Insurance Agent
Bill Wheeler
The Bedrock Group
Life Insurance Agent Licensed in KY
Contact Details
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Location
Crestwood, KY
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Bill Can Help With:
About Me
Hey there, my name is Bill, and I am here to make life insurance simple. Choosing coverage can feel overwhelming, but I do the heavy lifting by comparing trusted providers on your behalf. Together, we'll find the protection your loved ones deserve — at no cost to you.
Q&A with Bill Wheeler
How do I calculate the death benefit I should choose?
Answer: You can calculate an exact target figure by adding up your family's future financial obligations, such as outstanding mortgage balances, estimated future college tuition, and expected funeral expenses for the future income your family will need. Usually ten to12 times your annual come.
Can I change my beneficiary on a life insurance policy?
Answer: Yes, as the policyholder, you generally can change the beneficiary on your life insurance policy at any time, as long as the current designation is revocable
Can I sell my life insurance policy for cash?
Answer: You can sell your life insurance policy for an immediate cash lump sum through a transaction called a life settlement. The buyer takes over your future premium payments and collects the death benefit when you pass away. Payouts are usually higher than a policy's cash surrender value, but lower than the total death benefit.
What is a life insurance broker and what do they do?
Answer: Term life insurance provides temporary coverage for a set number of years with no cash value. Indexed Universal Life (IUL) is permanent life insurance that lasts your whole life and includes a cash value account tied to a stock market index, like the S&P 500.
Can I get life insurance if I smoke or vape?
Answer: Yes, you can absolutely get life insurance if you smoke or vape. Having a nicotine habit will not disqualify you from obtaining coverage, but it will directly impact the cost.
Is there a deadline to file a life insurance claim after someone dies?
Answer: In most cases, there is no strict legal deadline or time limit to file a life insurance claim after someone dies
What is variable life insurance and how does it work?
Answer: Good question!
A variable life insurance policy works much like any life insurance policy in that you pay a premium and then your beneficiaries receive a benefit when you die. As a permanent policy, the coverage is in effect until your death.
Variable life insurance also includes a cash value component that you can access for other purposes, such to pay for a major expense. The unique feature of variable life insurance is that its cash component can be invested in asset options, mainly mutual funds. The value of your account will depend on: the premiums you pay, how your investments perform, and the associated fees and expenses.