Life Insurance
At Cooper & Associates, we offer many types of Life Insurance; Term, Whole Life, Universal Life, Indexed Life, and Impaired Risk. Life Insurance is the foundation of financial security for you and your family. It protects your financial resources against the uncertainties of life so you can plan for the future.
At Cooper & Associates, you will find a number of the "top rated" insurance carriers in order to offer you the most competitive rates available, even if you are a tobacco user. If you are searching for Term Insurance, you are at the right place! We will prepare your quote from all our carriers, so that you will be able to make an informed decision for your Life Insurance. Some of the applications can be completed over the phone in as little as ten (10) minutes for quick and convenient processing.
___________________________________________________________________
The companies we represent are listed below.
American General * Aviva * Genworth Financial * ING * John Hancock
Liberty Life * Mutual of Omaha * Presidential Life * Prudential * Transamerica
West Coast Life __________________________________________________________________
For a "FREE" no obligation quote comparison, complete our "Contact Us" form or pick up the phone and call us right away!
________________________________________________________
Life Insurance to Remain a Great Buy into 2008, I.I.I. Forecast Finds
Strong Competition, Favorable Trends Make It a Buyer's Market
We foresee a continued downward trend in life insurance premiums, which began a Life insurance rates are dropping because death rates for the 25-44 age group To take advantage of the buyer's market, parents should reassess the amount of life About 70 million American adults have no life insurance at all. Furthermore, even a Those in certain nontraditional family situations also should consider purchasing Whatever your family situation, if you buy more life insurance, consider buying The I.I.I.'s forecast for life insurance rates in 2008 coincides with an industry-wide ____________________________________________________________________ For a "FREE" no obligation quote, complete our "Contact Us" form or give us a call right away!
expectancy going up, now is the ideal time to reevaluate your life insurance needs,
according to the Insurance Information Institute (I.I.I.).
little more than 10 years ago, said I.I.I. vice president and chief economist Dr. Steven Weisbart. The 1% year-to-year drop in term life premium rates the I.I.I. projects for 2008 is modest compared to some of the double-digit percentage premium reductions we have seen in the late 1990s, he added. Nevertheless, life insurance policy premiums are generally less than half of what they were in the mid-1990s.
The I.I.I. estimates that, for example, the annual premium for a 40-year-old male
nonsmoker buying a $500,000 20-year level term life insurance policy in 2008
will be about $725 if he qualifies as a "standard" risk and $350 if he meets the
more stringent requirements of a "preferred" risk. Rates for women and younger
people would be lower. For example, the comparable rate for a 40-year-old female
nonsmoker would be about $600 for a standard risk and $300 for a preferred risk.
Premium rates for traditional whole life, universal life, and variable universal life
insurance are also expected to remain about the same in 2008 as they were
throughout 2007. The premiums for these products which are designed to pay a
death benefit no matter when the insured person dies are driven by life insurers
expected investment returns as well as by the same forces that affect term rates,
Dr. Weisbart said.
the primary age range for purchasing life insurance have decreased significantly,
Dr. Weisbart pointed out. In 1996 the death rate per 100,000 for the 25-44 age
group was 177.8; by 2004 it had dropped to 161.8 (preliminary data, National
Vital Statistics Reports). That is nearly a 10 percent drop in the death rate for those
in their prime life insurance-buying years. Life insurers have also profited of late
from a generally favorable investment and interest rate environment, passing these
savings along to consumers. Moreover, life insurers themselves are making
operational efficiencies through mergers and acquisitions, another reason rates are
dropping.
insurance they carry on their own lives, and many should consider purchasing more. For example, at current interest rates, a life insurance company will pay a $500,000 death benefit to a survivor as an income of about $3,300 a month for 20 years, estimates the I.I.I. Yet in 2004, LIMRA International found that the average adult with life insurance between the ages of 25 and 34 had only $145,000, and the average adult aged 35-44 had only $323,000 of insurance on his or her life. As the term "average" implies, many people had smaller amounts of insurance.
monthly income of $3,300 is less than meets the eye since a portion of it is taxable
income, and it does not include a retirement program or other employer-paid benefits that the income earner may have had during his or her life.
additional life insurance. The 2000 U.S. Census counted 2.4 million grandparents
who say they are responsible for the basic needs of grandchildren living with them.
About one-third of these grandparents are raising their grandchildren with no parent
present in the home. Nearly one in five of these grandparents are living in poverty;
71 percent are under age 60. Many of them are still working, or have gone back to
work to support their family. For the security of the children in their care, these
grandparents should learn how their grandchildren can qualify to receive Social
Security survivor benefits. ( For information on grandparents and Social Security,
see http://www.ssa.gov/kids/parent5.htm ) And, if they can afford it, they may want to consider purchasing individual life insurance as well.
enough to replace any existing individual life insurance you have. Buying one
larger policy rather than keeping the smaller one and starting a second policy will
further lower your premium rate, since most life insurance companies charge lower
rates for specific larger amounts of insurance. Typical amounts that qualify for lower rates are $250,000, $500,000 and $1,000,000. Be sure to note on the application that you plan to replace an existing policy, and don't drop the existing policy until the new one is in place.
campaign to promote September as Life Insurance Awareness Month. The campaign is being coordinated by the Life and Health Insurance Foundation for Education (
704-748-4885
Call Today!
We Look Forward To Working
With You!
