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Home > Life Insurance > Life Insurance FAQs
Life Insurance FAQs
Final Expense
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Why is it appropriate to consider Whole Life insurance?
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| A. |
Whole life insurance is appropriate when a consumer needs protection to help pay for final expenses. These expenses could include the cost of a funeral, unpaid medical expenses, state and federal taxes and other needs at death.
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Single Premium Universal Life
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Why is it appropriate to consider single premium universal life insurance?
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| A. |
It is appropriate if an individual is concerned with preserving their assets, leaving a legacy or having funds available for the costs associated with extended care or terminal illness.
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| Q. |
How can Standard Life and Accident's single premium universal life insurance help with wealth preservation, leaving a legacy and having funds available for extended care or a terminal illness?
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| A. |
Standard Life's Wealth Guardian provides a guaranteed return of premium, a simplified transfer of assets, free from ordinary income tax, and an acceleration of benefits up to the full face amount if the insured becomes terminally ill or needs services from an eligible institution.
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Whole Life Insurance for Children and Grandchildren
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Why is it appropriate to consider whole life for children and grandchildren?
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| A. |
Whether it is grandparents interested in providing a gift of life insurance for their grandchildren, or a young family just getting started on life's journey, Standard Life and Accident's Future Executive II is an inexpensive way to provide valuable life insurance protection.
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