Life Insurance



6 Life Insurance Products!!

Which is the BEST FOR ME?

Education on the difference in life insurance products is very important & hard to do. Purchasing the incorrect life insurance product could mean lack of coverage for your family if you were to die, or a financial burden if you don’t die and actually “use it.” The truth is, there is not a single life insurance product that is correct for everyone. The way I personally help you determine which of the 6 products are best for you, is to simply ask a few questions. First, who is the policy for? How old is this person? How much coverage is needed for this person? Is this the only life insurance policy, or second life insurance policy? How is their health now? Once I know this basic information, I can tell you which of these 6 products will best fit your need. I am glad to take the time to educate you on why this product is, compare it to any policies you may have currently, & make sure it is that this is still the best product for you!! I can take an application for coverage right over the phone, with NO MONEY DOWN!!! There are also NO HEALTH EXAMS!!! I have been helping clients from Hartwell, Blairsville, Brunswick, Americus, & Atlanta Georgia for OVER 8 years!!! The consultation is FREE, the quote is FREE, & there is NO MONEY DOWN!! Call Today at 706-395-5201!!! ALL LIFE INSURANCE COMPANIES associated with Stand Guard Insurance Agency have an A rating and have been in business over 70 – 100+ years!! You may also fill out my quick contact form below and I will contact you shortly!!


Name of Life Insurance Products:
1 Year to 30 Year Term Life Insurance Policy
15 Year to 30 Year Term WITH RETURN OF PREMIUM Life Insurance Policy
Whole Life Insurance Policy
Children’s / Grand – Children’s Whole Life Insurance Policy 
LifeTime Legacy Life Insurance
Platinum Provider Deferred Income Annuity Solution

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Different types of life insurance, pros & cons, & when to buy in life!

Comparing 2 different types of Whole Life Insurance Products

Immediate Whole Life Insurance – NO Health Exam

Other common names: Final Expense Insurance, Burial Insurance, Permanent Life Insurance

Recommend to buy age: 60-85 with minor to perfect health problems

~Pros about this policy: Why is the best age between ages of 60-85 for this type of policy? Because the price will never go up & the benefit will never go down! What does this mean? It means if you are on a fixed income, you need a policy on a fixed budget. This is the only “guaranteed to last til you die” policy that is available & the benefit amount that is signed up for is guaranteed to stay that set amount. This “Immediate Whole Life Insurance” coverage/benefits start the day you make the first payment! There are no health exams & can be purchased over the phone by giving us a call or filling out our contact me section.*

~Cons about this type of policy: While no insurance policy is considered as a financial gain. The annual cost of a Whole Life Insurance policy, depending on age of start (inception) & age of passing away, could have equal value in the payments that the policy is worth. Example: If you purchase this product “too early” in life, you could end up paying more for the policy, than the coverage protects you.

~Is this a good policy to purchase after reading about the cons? YES, when used as a final expense product for seniors with no way to pay for final expenses, this policy is a great policy to have! The cons example can be avoided by not purchasing this policy outside of the recommend ages to buy. If you are on a fixed income & have no way to pay for your funeral & final expenses, this is your best policy!

*If you pass away in the first 2 years, there is a health records examination to determine any pre-existing conditions withheld.

Estimated cost of insurance:

Male, 60 years old, $5,000 Coverage / $26.73 UP TO $25,000 Coverage / $118.47 per month
Female, 60 years old, $5,000 Coverage / $21.13 UP TO $25,000 Coverage / $90.44 per month
Male, 70 years old $5,000 Coverage / $43.55 – Female 70 Years Old $5,000 Coverage / $32.34 per month

Graded Whole Life Insurance – NO Health Exams

Other common names: Graded Life Policy, 2 Year Wait Policy, High Risk Life Insurance, Permanent Graded Life Insurance

Recommended to buy age: 50-70 with pre-existing health conditions

What’s the difference in this Graded Whole Life & Immediate Whole Life? The ONLY difference is in Immediate Coverage & Graded Coverage. Graded Coverage is when your health limits you from getting immediate coverage. While we do our best to find you immediate coverage, even for smoker’s, things like a heart attack last week, will definitely land you in the “Graded Whole Life” plans. The Graded plans not only cost the most of any other policy but they also take 2 years to take get full benefits. I am sorry to say, this is the plan when you waited ALMOST too long to purchase your life insurance plan, but better late than never!

~Pros about this plan: The plan does insure EVERYONE can get coverage. The first 2 years for every penny you put into the policy, plus interest, is your life insurance policy. Why buy a Graded Policy instead of Immediate coverage? Because you waited too long to purchase immediate coverage life insurance & are getting what you can get! Why buy it anyways? Because if you put this policy into force, & the 2 years go by with no additional health problems, we can get you approved for the cheaper immediate coverage plans/pricing. Why buy the “graded” policy instead of waiting 2 years when I qualify for “immediate” coverage? Because you may have another heart attack, or health event, & will again be without life insurance for another 2 years & have now had 2 heart attacks in a 2 year period.  For example: Mr. Smith, 62, feels an extremely urgent need for his life to have an insurance policy after his heart attack last week. In this example, scenario 1, Mr. Smith purchases his “graded plan” & has no more health issues for 2 years. He can now purchase a cheaper costing Immediate Whole Life Insurance Plan. In scenario 2 Mr. Smith has another heart attack 19 months after the first heart attack. Mr. Smith’s insurance has gained 19 months of payments that will give him some coverage, plus interest on those 19 payments. More importantly, Mr. Smith 62, who has now had 2 heart attacks in 19 months, is only 5 months away from full benefits coverage. Not only does it look like Mr. Smith will not be paying on this policy until he is 82 if he does not make a diet change but will be glad he went ahead & got the policy he could get at the time.

~Cons about this policy: Automatic 2 Year wait until full benefits are covered.

~Is this a good policy to buy after reading the cons? YES, when you can not get coverage otherwise & you need coverage. This is the best plan for you to have until a better one is available.

Estimated Cost of Insurance:
Male, 50 years old, $2,000 Coverage / $21.99 UP TO $10,000 Coverage / $94.77 per month
Female, 50 years old, $2,000 Coverage / $17.75 UP TO $10,000 Coverage / $73.55 per month
Male, 70 years old $5,000 Coverage / $112.31 – Female 70 Years Old $5,000 Coverage / $80.59 per month

Comparing 2 different types of Term Life Policies

Traditional Term Life Policy

Recommended to buy age: 20-50 with high value assets
About this policy: The word “term” Life Insurance means the price & benefit will stay the same for a certain “term.” A “traditional term” policy is the cheapest life insurance policy that a person can purchase, but does not make it the best! Unlike “whole life insurance” that guarantees to last your whole life, this term ranges in years of 1 to 30 years, depending on clients age of purchase & company guidelines.

~Pros about this policy: 1. This policy is best used when a client needs high value life insurance amount like $500,000 or $1,000,000. 2. Invest the difference of the cost of this life insurance product vs another life insurance product. A few great examples: 1. A client opens a business, signs a lease that he will owe $50,000 for over the next 5 years, the client purchases the cheapest 5 year policy he can find, so that if they die, their business partner or spouse can afford to continue paying the lease & other bills. Example 2. A client decides not to purchase the whole life policy for $20 a month & buys this “traditional term” for $10 per month. The client then takes that additional $10 and invests in a retirement portfolio, be honest with yourself if you are going to actually save the money.  Another example: 3. A 22-50 year old owes a high mortgage balance & this is the cheapest way a client can cover their mortgage, the client does not care that the policy will cancel because their home will be paid off at the policy cancel date.

~Cons about this policy: It is considered by most people the “use it or lose it” policy. While the client may not be wrong in their feelings, insurance is not for financial gain, it is about protecting risk, in this case, your life. In the pros list, example 2 & 3 still end with a client being older & needing to find & purchase a policy they qualify for.

~Is this a good policy to buy after reading the cons? Yes, but only if 1 of the pros fit into your situation! Do you need high value insurance? Will you invest the difference you save in this policy for a different policy option?

Senior Citizen Alert!
“Traditional term life” is unfortunately the most commonly sold policy over the phone from TV ads airing to senior citizens. This is simply not a good plan for senior citizens, or ages 60-85, because if a client purchases at 60, they may only get a 1 year term. The problem is if you are 60 years old & purchase a 1 year term, when the 1 year ends, you will then have to “buy new insurance policy” at age 61, costing more money. If your term is purchased at age 60 for 5 years, then you will be re-applying for life insurance at age 65 & is a terrible gamble. Why is it a terrible gamble? By this age you are on a fixed income, raising life insurance costs are not your friend.  Also by this age certain health risk may limit you qualifying again for “traditional term.”  If your health will not re-qualify you, your option is to purchase the “Graded Whole Life Insurance” product. As it is obvious, the “Graded whole life” plan is the most costly, do not set up your insurance up to make this mistake!! This problem most often occurs when a person first retires at 55-65 & starts watching daytime television. There is an ad comes on and says “price will never go up & benefits will never go down” because the company ALSO offers “Immediate Whole Life Insurance” plans. The interest of the new retiree is sparked because their $5.00 per week life insurance policy just ended at work when they retired. The TV company will start out offering you the advertised “Immediate Whole Life Insurance” plans but if you can’t afford their offer, they will definitely just offer you a “traditional term” plan & let you deal with it in 1 to 5 years. Since you have heard so much about the “rates never going up & benefits never going down” it can get confusing, & you may not end up with what you thought you were calling about! Call & talk to us, a local agent that spends the time to educate & help you get the insurance that will benefit.

Term with RETURN of Premium (Universal Life Plan)

Recommended to buy age: 20-59 with assets under $450,000.

About this policy: This “term with return of premium” has a term length in years between 15 & 30 years long. When the term ends, the client gets a full return of premium. The difference in “term with return of premium” & “traditional term” is 1 cancels & refunds your premium & 1 just cancels.

~Pros about this policy: A 30 year old female can purchase a $30 per month insurance plan, that gives them a death benefit of $100,000 &  she pays the premium for 30 years. The end of the 30 years comes & she gets a refund of premium in the amount of $10,800 because of the “term with return of premium”. This is as close to “free life insurance” as you can get. The best time to buy is between ages of 20 & 35, by purchasing between these ages when you retire between age 50-65, you have set yourself up for 1 of 2 options both being to NOT buy more life insurance, 1: Client uses refund to purchase a “paid in full” policy with all or partial of their refund, has new “whole life policy.” 2: use your refund as paying for your funeral cost up front at the funeral home, both options leaving you with zero per month paying for life insurance out of your fixed income! The  qualified client can purchase more than 1 policy up to the age of 59.

~Cons about this policy: The cost difference between a “term with return of premium” and a “traditional term life” policy will cost more per month for the same coverage & same years, because you are getting a refund. This means the “term with return premium” costs more per month than the “traditional term.” A financial adviser may tell you that investing the money saved by purchasing the “traditional term” over the “return of premium term” policy will ultimately give back more in return than just getting your initial investment back from the “term with return of premium.” For example: A client purchases a “Traditional term” for $10 per month for $100,000 in coverage, compared to the “term with return of premium” policy for $30 per month for $100,000 in coverage. The financial adviser may not be wrong in saying if you invest the $20 per month over the next 30 years you will have “X” amount, instead of just the guaranteed refund. While the financial adviser is not giving up bad advice, what I recommend to clients is to be honest with themselves & you just ask yourself 2 qualifying questions 1: “Am I going to be upset or feel like I made a bad choice when my “traditional term policy” cancels & I have nothing at all as far as insurance or premiums to be returned? 2: “Am I going to actually going to invest the difference monthly like the financial adviser is saying?” These are questions you must really answer for your family & yourself, compare the estimated cost of insurance between “traditional term” & “term with return of premium” & you will find an answer that gives you the piece of mind you need, there is not a “correct answer” that makes the other “incorrect” it is about your personal choice & your financial freedom goals.

~Should I purchase this policy after reading the cons? YES, because you don’t want to lose your premiums if you live & you will not save the difference. Also, if you just buy any coverage amount & spend $50 per month for 30 years. The end of the 30 years will come with a $18,000 refund. This $18,000 refund at the age of 60, will be more than enough to 1. buy a “paid in full” policy or 2. pre-pay for your funeral, both options leaving you with not paying for life insurance monthly after retiring on your fixed income!

Children’s Whole Life Policy

Other common names: Whole Life Paid in Full Policy, Children Policy, Children’s Policy, Paid-up Policy, 10 year Paid in Full Policy, 10 Year Paid-up Policy

Recommended to buy age:
0-30 years old for Children or Grandchildren
Coverage Amounts: $1,000 – $50,000
Payments Amount: $22 per month
Doing the math: A $10,000 POLICY TO AGE 121 WILL COST $22 per month X 12 Months X 10 Years = $2,640. Once the $2,640 has been paid into the policy over the 10 years, the $22 per month will stop being due, AND the $10,000 coverage will CONTINUE TO LAST until the child/grand-child reaches the age of 121!!

~About this policy: 
The name for this policy is a “10 year Paid-in Full” policy. It is considered a “Whole Life” insurance product. It is most often used to give DAY 1 life insurance coverage on a child or grandchild that a parent or grandparent pays for. The day the first payment is made the child has immediate coverage for benefits between $1,000 – $50,000. The payments last for 10 years. After the 10 years of payments, the payments end but the benefits stay in force until the child or grand-child passes away, or reaches the age of 121!! The policy premiums are considered to be paid in full, the coverage/benefit amount continues the ENTIRE LIFE OF THE INSURED, NEVER CANCELING FOR ANY REASON!

~Pros about this policy:
Policy is paid in full so the burden of paying for the coverage does not continue forever for the insured. The parent/grandparent still has insurance on their child without being financially responsible for the entire life of the child. After the policy reaches its term, the child or grandchild will own the policy forever, always having coverage!! Great Examples of when to buy: A 20 year old parent purchases a “10 year paid in full” policy for their new born child. When the payments end in 10 years, the coverage will continue on for the rest of the child’s life. 

Why buy this policy for the child or grandchild over a “traditional whole life” or “term” policy? Simple, here are 3 Scenarios of why I avoid selling a “traditional” or “term” policy for a child/grandchild to parents/grandparents.

Scenario 1:

A parent/grandparent purchases a “traditional whole life” policy for their new blessing, the infant is now turning 20 & gets their own life insurance policy. The child has no money or interest in the “traditional whole life” you purchased 20 years ago, & according to the math, will cost more than it is worth if they live to be 80.

Scenario 2:

If you purchase a “traditional term,” WHEN the term ends, your child has no life insurance & needs to re-apply for a new, different policy. This is raising a risk factor that if the child ends up with a disease or diabetes, even at 20, they may only qualify for a “graded whole life” policy that is the most expensive & will not be able to keep their “traditional term.”

Scenario 3:

A grandparent buys their grandchild a “traditional whole life” OR ” traditional term” policy & passes away after paying premiums for 15 years. The parent, or insured grandchild, can not afford to keep the premiums current. The grandchild’s policy cancels & again the grandchild has no coverage & needs to re-apply when they can afford coverage.

All 3 scenarios are avoided by a “10 year paid in full” policy because the new born infant is rated as healthy. You avoid the risk of not being able to insure them later. You also avoid the risk of the grandparent passing away & the policy not being kept in force & a value. If your child has a problem later in life, they will always have this paid in full policy!

~Cons about this policy: 
This is considered a “whole life policy” & a financial adviser may recommend that taking the difference in this plan vs a “traditional term” life policy will give you a better financial goal than putting that money into this policy. For example: A 0 year old baby will have a $22 per month rate for their $10,000 Paid in full policy. The financial adviser may say by adding them on as a rider for $1.22 for $10,000 coverage is a better option & invest the $20 difference. Again, like comparing the “term policies” above there is no incorrect or correct answer, it is a personal choice. 

~Should I buy this policy after reading the cons?
 Yes, if you want to guarantee your children/grandchildren have a permanent whole life insurance policy that will last until they are 99, this is the best plan for you to get them!

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