Frequently Asked Questions

  • Who is the carrier and how do I know they will pay out? Fidelity and Security Life. They have an AM Best Rating of A. AM Best states that this rating means that the entity has an excellent ability to meet their ongoing senior financial obligations.
  • How can I pay for the life insurance policy? You can pay direct debit from checking account or by credit card.
  • What is the difference from decreasing and level life insurance? A) Level - The life insurance coverage amount stays level over the course of the policy. B) Decreasing - The life insurance coverage amount decreases over time. Works well when paying down a mortgage as the coverage amount will decrease with the mortgage value over time.
  • Do I need life insurance? If something happens to you, is there anyone who will financially suffer? A spouse, child, or parent? Life insurance is designed to provide immediate, liquid, tax free money to the beneficiary to ensure they do not financially suffer in the event of your death. Life insurance also provides you with a piece of mind while you are building up your savings and paying down debt. The answer is yes!
  • What type of policy is this? This is a low cost term life policy. The coverage is designed to last for 20 years before it ends. If you die, your beneficiary gets the tax free money. If you outlive the policy, you do not get a payout.