Mark Schwarz, Life Insurance Agent
Mark Schwarz
Health & Life Insurance Solutions
Life Insurance Agent Licensed in AL, FL, GA and TX
8+ Years of Experience
Contact Details
-
Location
Dothan, AL
-
Website
-
Pre-Appointment Form
Mark Can Help With:
About Me
Hello! I'm Mark, your trusted life insurance guide. I am passionate about helping families and individuals secure financial security and confidence in the years ahead. Whether you're planning for today or tomorrow, I can help you make the right decision.
Q&A with Mark Schwarz
How do I file a life insurance claim after a loved one dies?
Answer: Contact the agent who sold it or find your policy. Look for the name of the plan and the policy number. Look for a phone number or carefully search the internet for the plan home page. You will need a death certificate and claimant information. I hope that helps.
Can I name multiple beneficiaries on my life insurance policy?
Answer: Yes, you can have multiple beneficiaries. You can select what percentage of the payout they receive. Example if you have 2 beneficiaries and each get 50% or you could do 25% and the other75%. You select who and what each beneficiary will receive.
What happens if you don't name a beneficiary on your life insurance policy?
Answer: It will go to the estate of the deceased. There it can be claimed by the beneficiaries of the estate. If not claimed then it will go to the state and become unclaimed property.
What are the payout options for a life insurance death benefit?
Answer: Payout to beneficiaries at death is most common. Some that have cash buildup will allow you to take out cash. Some will offer loans that charge interest. There are hybrids that may have riders with early payout for those who have very short time to live or if you meet a certain criteria can use it for expenses or Long Term Care.
How does life insurance work for self-employed people and small business owners?
Answer: They contact independent agents like myself and they can look at options. We offer many products and the larger the group the lower the rates in most cases.
What is the difference between level term and decreasing term life insurance?
Answer: Level Term is premium stays the same as well as the coverage amount thru the life of the policy.
Decreasing Term is where the premium remains fixed but the coverage amount decreases. The payout decreases over time. People get a better rate and the amount coverage needed in time decreases. You may have a debit like a home that the insurance will be used help pay off. Your coverage decreases over time because your debit decreases as well.