Chace Readshaw, Life Insurance Agent
Chace Readshaw
Life Insurance Agent Licensed in MO, CA, CO, GA, IA, IL, KS, KY, LA, MI, MN, NC, ND, NV, OH, PA, SC, SD, TN, TX, VA and WI
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Clayton, MO
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Chace Can Help With:
About Me
Good day! My name is Chace, and I am passionate about helping people understand their life insurance choices. I provide no-cost guidance while reviewing options from top-rated companies, so you can feel confident knowing your family is taken care of.
Q&A with Chace Readshaw
What questions should a first-time life insurance buyer ask their agent?
Answer: You should be asking how they calculated your death benefit need. If it’s just a multiple of your income they didn’t even try.
You will also want to know the legitimacy of the company, how quickly they pay out a death benefit claim (ask what the process is), is it term or permanent insurance.
If its term, is there a conversion period or option to convert term into permanent over time, is there a waiver of premium if you become permanently disabled, and what is the total length of the term
If it’s permanent what is the dividend rate and how much did the company pay out in dividends last year. How many consecutive years has the company paid a dividend. Is the cash value of the policy tied to the stock market or is it a safe asset. What is the goal of this savings vehicle?
There’s more you could ask but this gives a good base.
What is the most common mistake people make when buying life insurance?
Answer: Not making sure it can convert to permanent and tying it to the stock market rather than making it a safe savings vehicle outside the market.
What is life insurance and how does it work?
Answer: There are basically two kinds of life insurance.
One that is like your car insurance, it only kicks in if something happens to you.
The other is like buying a home, you own it, you fix it up, you build equity, you can borrow from it, it can help with taxes, and if something catastrophic happens the insurance portion pays out.
What is the DIME method for life insurance?
Answer: DIME refers to a calculation for how much insurance you might need. Debt needing to pay off, Income you are replacing for someone else in your life, what you owe on the Mortgage, and Education/Expenses are we paying for anyone’s education if we pass away and what are the final expenses needed for your family to grieve and say their goodbyes