Mel Stevens, Life Insurance Agent
Mel Stevens
I-Pros
Life Insurance Agent Licensed in AZ
Contact Details
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Location
Scottsdale, AZ
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Website
Mel Can Help With:
About Me
Hi, my name is Mel and I am your local life insurance agent. My passion is helping families prepare for the future by finding coverage that offers peace of mind and financial protection. I will guide you through the options available from nationally and locally trusted companies — at no cost to you.
Directions to My Office
Q&A with Mel Stevens
What is guaranteed issue life insurance and who is it designed for?
Answer: Guaranteed Issue Life Insurance is a policy for individuals that want to have something set aside for family members after leaving this earth to help pay for burial expenses and tie up loose ends. Typically the amounts range from $5,000 - $25,000 in coverage. Guaranteed is exactly what is says guaranteed. As long as you pay the premium, the face amount will pay at time of death. Guaranteed issue policy rates are higher than simplified or fully underwritten policies. Usually people will look to take out a guaranteed issue policy if they have serious or very questionable health conditions.
What questions should a first-time life insurance buyer ask their agent?
Answer: Ask yourself what do you want life insurance for? How long do you want to have it in place for? Do you want to build a supplemental retirement strategy with life insurance? Do you need it to replace income, cover debts, take care of family needs in the event of death? Do you need life insurance to protect important business partners or relationships? Do you just need life insurance to take care of basic funeral expenses? Just a few questions to ask of think about.
Does life insurance cover suicide or accidental death?
Answer: It may sound strange but life insurance does cover suicide after the statute of limitations has been fulfilled. Statute of limitations is 24 months.
Often there is an accidental death rider that can be placed on a life insurance policy that will pay additional face amounts in the event death was caused by an accident. In general, the accidental death riders are very reasonably priced for those that may want some additional coverage.