Leslie Kaz, Life Insurance Agent

Answer: **How do you choose between term and whole life insurance?**

Start with three questions:

✅ How much coverage do you need?

✅ How long do you need it?

✅ What premium can you comfortably maintain?

**Term life** offers more coverage at a lower cost for temporary needs.

**Whole life** provides permanent coverage and builds cash value.

For many families, a combination of both may be the best solution.

The goal isn’t to buy a product—it’s to protect your family properly.

Answer: Buying based on price alone.

A cheap policy that provides too little coverage—or expires before you need it—can leave your family financially exposed.

The goal isn’t the lowest premium. It’s the right amount of protection for the right length of time.

Answer: Start with four questions:

✅ How much coverage do you need?

✅ How long will you need it?

✅ What can you comfortably afford?

✅ Do you want temporary protection, permanent coverage, or both?

**Term life** is usually best for affordable, temporary protection.

**Permanent life insurance** may fit lifelong needs, final expenses, or legacy planning.

The right policy is the one that protects your family without straining your budget.

Answer: They evaluate factors such as:

✅ Age

✅ Health and medical history

✅ Tobacco use

✅ Occupation and lifestyle

✅ Coverage amount and policy type

Generally, the younger and healthier you are when you apply, the lower your rate may be.

Answer: Often, yes.

You may be able to:

✅ Update beneficiaries

✅ Change payment frequency

✅ Reduce coverage

✅ Add or remove certain riders

✅ Convert term coverage to permanent insurance

Increasing coverage usually requires a new application and medical underwriting. Always review the costs and consequences before making changes.

Answer: Strong governance helps ensure responsible leadership, sound financial controls, regulatory compliance, and effective risk management.

In simple terms: better oversight can mean greater stability—and more confidence that the company will be there when a claim is made.

Answer: Look beyond the premium. Review:

✅ Ratings from agencies like AM Best, Moody’s and S&P

✅ Claims-paying history

✅ Years in business

✅ Financial reserves and company reputation

A strong policy is only as reliable as the company standing behind it.

Answer: It may allow your life insurance premiums to be waived if you become totally disabled and meet the policy’s requirements.

Your coverage can remain in force while you’re unable to work—without making premium payments.

Terms, waiting periods, and eligibility vary by policy.

Answer: Both provide permanent coverage, but they work differently:

✅ Whole life typically offers fixed premiums, guaranteed cash value growth, and predictable benefits.

✅ Universal life offers more flexibility in premiums and death benefits, but requires ongoing monitoring.

Whole life is more predictable. Universal life is more flexible.

Answer: Some participating whole life policies may pay dividends when the insurer performs better than expected.

You can typically use them to:

✅ Receive cash

✅ Reduce premiums

✅ Buy additional coverage

✅ Accumulate with interest

Dividends are not guaranteed and vary by company and policy.

Answer: 100% - life insurance does NOT replace a person; it simply gives you the means to replace the job they are performing. A Stay at home parent - is probably the single biggest responsibility and most complicated job there is.

Answer: It depends on who owns the policy, who is named as beneficiary, and what the divorce agreement requires.

A divorce may affect:

✅ Beneficiary designations

✅ Policy ownership

✅ Cash value

✅ Coverage required for child or spousal support

Beneficiaries usually do not change automatically. Review the policy and divorce decree before making updates.

Answer: Review it at least once a year—and after major life changes such as:

✅ Marriage or divorce

✅ A new child

✅ Buying a home

✅ Income or job changes

✅ Retirement

✅ A beneficiary change

Regular reviews help ensure your coverage still protects the right people for the right amount.

Answer: Not necessarily—it depends on your needs.

✅ Term life offers affordable coverage for a specific period.

✅ Whole life provides permanent coverage and builds cash value.

The better policy is the one that provides the right protection at a premium you can comfortably maintain.

Answer: Rarely happens - u die - they pay!

A denial isn’t always final.

✅ Review the insurer’s written explanation

✅ Confirm the policy and claim information

✅ Submit any missing documentation

✅ Request a formal review or appeal

If the issue remains unresolved, contact your state insurance department or an experienced attorney. Act quickly—deadlines may apply.

Answer: Yes—but never cancel your current policy until the new one is approved and active.

✅ Apply for the new policy

✅ Complete underwriting

✅ Confirm the effective date

✅ Then cancel the old coverage

Your new rate may be higher based on your current age and health, so compare carefully before switching.

Answer: Yes. A permanent life insurance policy may build cash value that can be accessed through withdrawals or loans.

However, borrowing can reduce the policy’s death benefit and may create interest or tax consequences. A 529 plan is specifically designed for education and may offer greater tax advantages.

Protect your family first—then compare the best way to fund college.

Answer: ✅ Simplified issue asks health questions but usually requires no medical exam. Approval and pricing depend on your answers.

✅ Guaranteed issue asks no health questions and generally cannot decline you for medical reasons—but coverage amounts are smaller, premiums are higher, and graded benefits may apply.

Simplified issue is usually the better value when you qualify.

Answer: Yes. Many green card holders and certain visa holders may qualify.

Eligibility depends on the insurance company, visa or residency status, U.S. financial ties, travel history, and underwriting requirements. An experienced agent can help identify which carriers may be the best fit.

Answer: There is no fixed monthly price. Life insurance cost depends on your age, health, tobacco use, coverage amount, policy type, and term length. A healthy younger adult may pay roughly $20–$30 per month for term life insurance, while older applicants or permanent policies can cost substantially more. The current average is about $26 per month, but an individual quote is required for an accurate price.

Answer: Yes, life insurance policies are individually underwritten, meaning we take down all of your information (so there are NO surprises), then we consult with the respective carriers to determine who will offer us the best options.

Answer: A good insurance agent starts by understanding your budget, priorities, prescriptions, doctors, and expected healthcare needs. From there, they can compare available plans side by side—not just premiums, but also deductibles, copays, drug costs, provider networks, and your potential maximum out-of-pocket costs.

The goal is to find a policy that gives you the best overall value within a monthly payment you’re comfortable with, rather than simply choosing the cheapest premium.

Answer: It depends. Life insurance isn’t a commodity where the cheapest policy automatically wins.

Your age, health, medications, tobacco use, and the type of coverage—term, whole life, universal life, etc.—all affect the price. A $1 million policy could cost $100 a month or $1,000+.

The right policy requires a few details first.