Ronnie Robinson Jr, Life Insurance Broker

Answer: Not answering the questions honestly. Leaving out previous events in the application. Not considering the future self and taking action today while currently living. Make sure the policy has living benefits.

Answer: How long will the policy premiums stay level? Does the policy include living benefits to be used while you are living, and if something terminal, critical, or chronic happens to you, can you file a claim for access to the death benefits?

Answer: It is something to consider for sure; costs are always going up around here! We always make sure that we are covering for this!

Answer: It is tax friendly whole life product with multiple benefits, which include living benefits, cash value, distributions, etc. It’s one of the very few ways to save and grow your money without any losses and very low fees/cost of insurance compared to traditional investments

Answer: As a self employed business owner myself, I use life insurance multiple ways. For example, just like on the airplane I insured my self first so that my family is protected financially forever through our trust. Then did the same for my wife and kids. Now through all of our IUL’s we can borrow from ourselves when life happens. If life is event free then we can also have our IUL’s distribute a monthly payment to us tax free from our cash value of the policy. Happy to illustrate for you on a discovery call!

Answer: Usually it’s lump sum but some can be annual. Lump sum is the most common that I have seen. What are your plans?

Answer: It sits in the state waiting to be claimed by someone. No a very good choice but I can see how it could happen.

Answer: Accidental death and dismemberment are for exactly those two conditions, and if they were to happen to you. They come as riders on most policies. Some life insurance policies include it, but it's also available stand-alone.

Answer: Happy to assist with reading them, as they can be confusing. It's basically a vision into the future if all goes as planned, at the interest rates they are currently.

We always review illustrations with our clients.

Answer: Yes, and you can actually not qualify for certain policies as you get older because life happens, and our bodies change and develop ailments and such. Highly recommend getting quotes and making sure it fits comfortably in your budget now, while you're young and thinking about it!

Answer: There are way to many options to pinpoint exactly, but the short answer is as follows. The more detail you provide the underwriter, the firmer the rate becomes because it's not just a generic age-based quote. Once they have your doctors and prescription history, the numbers become more solidified and actual instead of estimated.

Answer: Would need to know your numbers. Please feel free to reach out so we can discuss further! In general, we tend to recommend annual income times ten years for a young adult, parent, or spouse.