life insurance companies in florida

Living Life to the Fullest

Whether you’re in your thirties or forties and want to live life basking in the golden sunshine of the Florida coast, or reached your “Golden Years” and want to “migrate” South to mingle with the other seasonal snowbirds, or decided the Sunshine State is where you want to be, if you haven’t already, it’s time to consider life insurance FL. Many people don’t know where to begin when choosing a life ins. policy, and it’s important to know the “ins and outs” so you get the most for your money.

Life Insurance - Philip Financial Group 12670 New Brittany Blvd ...

Information at Your Fingertips

With the different varieties of policies on the market and a host of agents driven to sell based on high commissions, it is imperative to do your homework first. With easy access to the internet, knowledge is at your fingertips. Use your favorite search engine and combine keywords such as life insurance FL and you’ll be amazed at how much information you’ll find.  Additionally, there are webinars (online conferences) held on a daily basis, oftentimes at no charge, to help navigate you through the process and help you determine exactly what your needs are and which policies are best suited for your specific lifestyle.  Remember, knowledge is power and by doing your homework first puts you in a position of knowing exactly what you want and need, and exactly what you don’t want and need.

Everyone should have a term life insurance policy: it will protect you and your family in the event of an unexpected death; most policies are very affordable; and you are able to choose the amount of coverage that you and your family need, as well as the length of the policy. At Kirstein Insurance Services, Florida’s premier insurance brokers are ready to discuss your term life insurance needs and provide you with term life insurance quotes.

 

What is Term life insurance Florida?

A term life insurance policy is a form of life insurance that provides coverage for a limited period of time usually 5, 10, 20, or 30 years at a fixed rate of payment. After the time period has been completed, you have the option of obtaining a new policy or deciding to forgo coverage. However, the wise person knows the importance of protecting their family and usually chooses to purchase an additional or new policy.

 

Most term life insurance companies in Florida policies allow a healthy person to purchase large amounts of coverage at a very affordable price. As such, a term life policy is especially well suited for short-range situations, such as protection during your child-bearing and child-raising years.

 

Term Life Insurance Helps

A good Florida term life insurance policy will help your family to cover many different needs, following a death, such as:

  • Business continuation
  • Childcare costs
  • Debt payoff
  • Dependent care for older family members
  • Educational costs
  • Final expenses, including funerals and cremations
  • Income replacement for the wage earner

Because many Florida term life policies have adjustable premiums, you need to discuss all of the options and adjustments with a knowledgeable insurance agent. Adjustable premiums mean that your premiums may be increased or decreased based on projected changes of:

  • Expenses
  • Investment Earnings
  • Mortality Experience
  • And Persistency.

If you are interested in Florida term life insurance, please contact Kirstein Insurance Services, today. We are looking forward to discussing your term life insurance needs and coverage options for Florida term life insurance.

Life Insurance in Florida

Florida, like most states, does not regulate life insurance on the policy level the way that the state Department of Insurance regulates other insurance such as health or auto.

Purchasing a life insurance policy today is a smart way for people in Florida to help ensure that their loved ones will always be protected, even if they are not there to take care of them. As you shop around, you should be aware of the state-specific regulations that are in place to protect your rights.

Why do I need life insurance?

With life insurance coverage, you can feel secure knowing that your beneficiaries will have some help covering your final expenses and other financial needs they’ll face without you.

Florida was ranked 21st out of 50 states and the District of Columbia in life expectancy in 2014, with a life expectancy of 79.48 years. With this in mind, people living in Florida may want to consider their life insurance options.

Florida life insurance specifics

The insurance industry in Florida is regulated by The State Insurance Code of Florida. The state uses this code to regulate claims and provide certain provisions to protect Florida consumers, such as:

  • Grace Period
    You are entitled by the Florida State code to miss a monthly premium and not have the policy canceled – so long as you pay your premium within 30 days. This is known as the Grace Period.
  • Incontestability
    After your life insurance contract has been in effect for at least two years, it is considered incontestable, unless you don’t pay your premiums.

 

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