Whether you tell a lie on purpose, or by accident, or misrepresent the facts in any way on a Life Insurance application, you are gambling that the Insurance Company won’t find out and you may lose that gamble. The Life Insurance Companies have 2 years from the effective date of the policy to do their homework. This contractual clause of the life insurance policy is called the 2 year contestability clause. The insurance company, with your signed approval to examine your MIB (medical information Bureau) information, will confirm your current medicines, past medicines and even request information directly from your doctor about certain conditions that you may have forgotten to mention or for clarification.

What happens if you lie can be simple and also drastic. If the Insurance Company finds any misrepresentation then the full death benefit will not be paid. At best all of the premiums will be returned with interest. When the question is asked about if or when you last smoked - the answer must be correct. Many questions include patches, gum and other forms of nicotine or smoking. It is best to answer honestly and possibly be penalized for the truth than it is to be dishonest and hope you don’t get caught.

Let’s take a look at what may need to happen if a stay at home spouse died. You can never put a price on a loved one. However, you can put a price on the work that person did while alive.

It has been said that the amount of money needed to employ someone 40 hours a week with benefits to clean, cook, do laundry, care for children and shop for food is way over $35,000 a year. Stay at home spouses work more than 40 hours a week and more than 5 days a week. They also have what most employees may not have, a true passion for doing the job with love and care.

After considering all the financial needs in the event of a stay at home spouse dying, and the care involving children, it is clear that burial costs are not the only thing required after a loved one dies. When that loved one is a caring, loving, stay at home spouse there are so many jobs that would be left undone without help and support.

Does a Stay at Home Spouse need Life Insurance? Absolutely yes! Stay at home spouses should be insured to protect from the ‘what- if’s’ in life.

I’m nervous about purchasing a Final Expense Life Insurance plan, please tell me what to expect at our appointment.

First and foremost your Life Insurance plan must address your particular situation, needs and budget. What you choose has to be affordable this month, next month and next year so your plan will remain in force to help your family or fulfill whatever purpose you have in mind.

We can meet at our office, your home or a local coffee shop. The key to the most affordable plans includes underwriting by the Insurance Companies. We will ask some simple health related questions, such as height, weight, smoker/non-smoker and current medications. This information is used to find the most affordable plan among many different Life Insurance Companies.

The plan must make sense, fit your budget and cover your needs. Once you are ready to proceed with the application, a short telephone interview is done and then you will receive disclosures and copies of your Life Insurance plan paperwork. Most of our clients admit that after the paperwork and interview is completed they have achieved peace of mind with their decision to purchase Life Insurance.