Jami Mead, Life Insurance Broker
Jami Mead
Jami Mead
Life Insurance Broker Licensed in OH
Contact Details
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Location
Milan, OH
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Website
About Me
Good day! My name is Jami, 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 Jami Mead
What is the cash surrender value of a life insurance policy?
Answer: This depends on several factors. How long you have jad it, the premium you pay, terms at contract, etc. If you want to know your cash value you can reach out to your servicer and they will be happy to look it up and give you the information.
Can I get life insurance while pregnant?
Answer: Yes, you can get life insurance while pregnant. It's also a good idea to get life insurance for your baby 21 days after they're born as well it is the most inexpensive and best way to get coverage for them for life. You can reach out to me and I can help you get started.
Can I use a life insurance policy to save for my child's college education?
Answer: Yes, a permanent life insurance policy can be used to save for college. A cash value is built through whole life or universal life policies. These funds grow tax-deferred and can be accessed using tax-free policy loans or withdrawals to pay for tuition and other education expenses. It is always a good idea to speak with a financial advisor to find out what program is best for you.
What happens to the cash value of a whole life insurance policy when I die?
Answer: Value of your whole life policy is transformed into the death benefit that you received based on the contract that you signed when you set up for your policy.
Can I get life insurance if I smoke or vape?
Answer: Yes, you can get life insurance if you smoke or vape, however, sometimes it does come at a greater price point because they will approve you but at a higher rate of cost.
Can I get life insurance if I'm overweight or obese?
Answer: Yes, you can get life insurance if you are overweight or obese. There are several companies that still write policies without reading you up, but you may have to pay a higher cost for your life insurance.
What is final expense insurance and how is it different from regular life insurance?
Answer: Final expense insurance covers the immediate cost for you and usually pays out within 24 to 48 hours of the claim being filed. Most life insurance policies take approximately 45 to 60 days to be distributed to the families.
What is the difference between a life insurance agent and a financial advisor?
Answer: The most common differences between a life insurance agent and a financial advisor are the fact that the life insurance agent is there to help you plan for your family when you are gone, and your financial advisor helps you plan for today tomorrow and the future. If you want to get the most out of your agent, look for a broker who is well versed in both life insurance and a financial advisor.
Why do I need life insurance if I am young and healthy?
Answer: That is a great question! The younger you are and the healthier you are when you get life insurance the lower your cost will be. We plan for the future when getting life insurance, but anything can happen. On average one out of every four deaths are related to a vehicle accident involving several young and healthy people.