Dennis Burbank, Life Insurance Broker
Dennis Burbank
Life Insurance Broker Licensed in OK, AR, AZ, CA, CO, CT, FL, GA, ID, KS, MO, NC, NM, NV, OR, TN, TX and WA
18+ Years of Experience
Contact Details
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Location
Oklahoma City, OK
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Website
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Facebook
Dennis Can Help With:
About Me
Working nationwide with coaches, sports marketers and business owners on investments & insurance - because that's who we are. Coach. Business Owner.
Q&A with Dennis Burbank
Can I name multiple beneficiaries on my life insurance policy?
Answer: You can have as many beneficiaries as you choose. Some people choose and list the beneficiaries by percentage of benefit, and some may choose to simply divide the benefit equally amongst all their children in a process called "per stirpes".
How do I choose a life insurance beneficiary if I have a blended family?
Answer: Choosing a beneficiary(s) when you have a blended family can be a tricky topic and requires a thorough conversation between spouses. Rarely does a blended family leave assets behind in perfectly equal portions. Once the couple has established their personal and joint goals are, you can determine what percentage of assets or benefits to leave each side of the family.
How do life insurance companies decide your premium rate?
Answer: Initially a life insurance agent will "estimate" what your rates might be before submitting an application to underwriting, based upon obvious traits - smoker, super fit & healthy, discussion about family history, few pounds overweight, etc. Ultimately, underwriters will look at actuary/mortality tables and compare those to your exact health status - age, weight, health records, hobbies, family history, etc. and determine a classification that meets who you are as an insured.