GAL Insurance Center

What You Need to Know Before Buying Life Insurance on Your Spouse

Posted on November 4, 2011 by galinsurancecenter

What You Need to Know Before Buying Life Insurance on Your Spouse

Life insurance for your spouse is a necessity, but the type and amount of insurance you purchase is just as important. Before you buy life insurance on your spouse, you need to consider several important factors.

The Type of Insurance

The type of insurance you purchase will determine your monthly rates, the benefit amount, and the longevity of the policy. These are very important considerations in spousal life insurance.

At GAL Insurance Center, you can choose between term and whole life insurance, the two main types offered by top-rated insurance companies. Term life insurance remains in effect for a specific period of time, such as 10, 20, or 30 years, although the policy can be for as little as one year. If your spouse should die during the time period that the policy is in effect, the beneficiary of the policy will receive the proceeds of the policy.

On the other hand, whole life insurance has no determinate time period. It remains in effect for the life of the policy holder, as long as the monthly premiums are paid. In most cases, whole life insurance builds up equity over time, providing the policy holder with funds he or she can borrow for emergencies or major expenditures. The equity can also sometimes be used as collateral when applying for a loan.

The Cost

Term life policies are generally less expensive than whole life—mainly because they are for a set period of time and have an expiration date. Whole life insurance is usually more expensive than term life, because it does build equity and remains in effect during the life of the policy holder (increasing the likelihood that the insurance company will pay a death benefit to the beneficiary).

How Much Coverage is Necessary

The amount of coverage for life insurance for your spouse will depend on your financial situation, as well as the number of children or dependents you have. It is recommended that you list your assets, such as bank accounts, real estate, furnishings, retirement and/or other benefits, and your debts, including mortgages, loans, and college tuition. How much money will you need to support yourself and your children? How much money will be necessary for your spouse’s debts and funeral expenses? How long will you need additional support until your children are grown, mortgage is paid, etc.?

Remember that life insurance is not for the deceased—it’s for their family and/or loved ones. Its purpose is to provide the necessary funds to replace loss of income. This includes stay-at-home parents—while they don’t bring home a paycheck for their contribution to the family, the surviving spouse may have to hire additional help to perform their duties with the house and children. When contemplating coverage, calculate an estimate of those costs over time.

How to Purchase Life Insurance for Your Spouse

As a spouse, it’s likely that you have an insurable interest in your husband or wife’s life, meaning you will be financially impacted if he or she dies. Therefore, you can purchase life insurance on them, but only if they grant permission for you to do so. However, if your spouse is not employed and you cannot prove his or her death will affect you financially, you may not be able to claim insurable interest. A licensed life insurance agent can help you determine your eligibility and the type and amount of life insurance that’s best suited for you and your family.

GAL Insurance Center is experienced in helping married couples obtain affordable life insurance that meets their needs. At GAL Insurance Center, we offer affordable guaranteed life insurance, term or whole Life. That means your premium is guaranteed, your death benefit is guaranteed, and for whole life plans, your cash values are guaranteed. We believe life insurance should start out to be what you can afford to keep. GAL Insurance Center is designed to allow for direct purchasing of life insurance without an agent, as well, to allow you to purchase online or by phone after receiving a free quote from over 50 top rated insurance carries bidding for your business. We believe the best life insurance is one that is guaranteed and pays off when you or your family needs it. Our monthly rates start as low as $3.75 month and policy amounts start as low as $2,500 online or by phone. Go to GALInsuranceCenter.com and take control of your life insurance needs.

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Life Insurance for Domestic Partners

Posted on November 3, 2011 by galinsurancecenter

Domestic Partner Insurance

Most insurance companies offer life insurance to its policy holders and their immediate families. However, that doesn’t mean that unmarried people in a long-term domestic relationship need to sacrifice life insurance. Due to our country’s high divorce rate, a growing number of insurance companies now offer domestic partner insurance. As a boyfriend or girlfriend, you might be entitled to coverage if you meet your insurance company’s provisions.

If available, domestic partner insurance is non-discriminatory. It applies to all partners, regardless of their gender or sexual orientation. However, insurance companies aren’t required to offer this insurance, so obtaining coverage is dependent on your partner’s insurance provider and their provisions. It’s also true that it may be more difficult to obtain domestic partner insurance if life insurance is provided through an employer, who might add additional restrictions to its employee benefits. One justification is that same-sex partners can obtain insurance benefits through marriage.

The requirements for domestic partner insurance can vary from one insurance company to another. However, most require that you legally share the same residence for a minimum period of time. It is likely that you’ll be asked to produce proof of residency, such as a driver’s license or utility bill in your name for that address.

If domestic partner insurance is available through your boyfriend or girlfriend’s insurance provider, your partner will have to provide permission to include you on his or her policy. At this time, he or she will also have to provide the insurance company (or employer) with the required documentation to satisfy your eligibility. When the paperwork is completed, it’s likely that both of you will have to provide your written signature.

The first step is to determine if an existing provider offers domestic partner insurance and then determine your needs. If you don’t have a provider or your provider doesn’t offer insurance for unmarried couples, seek an insurance provider who does.

GAL Insurance Center can assist you in obtaining domestic partner insurance. At GAL Insurance Center, we offer affordable guaranteed life insurance, term or whole Life. That means your premium is guaranteed, your death benefit is guaranteed, and for whole life plans, your cash values are guaranteed. We believe life insurance should start out to be what you can afford to keep. GAL Insurance Center is designed to allow for direct purchasing of life insurance without an agent, as well, to allow you to purchase online or by phone after receiving a free quote from over 50 top rated insurance carries bidding for your business. We believe the best life insurance is one that is guaranteed and pays off when you or your family needs it. Our monthly rates start as low as $3.75 month and policy amounts start as low as $2,500 online or by phone. Go to GALInsuranceCenter.com and take control of your life insurance needs.

Current Pricing

September 30, 2011

Quote prepared for

Female

Age 35/36¹

California

Benefit Amount $250,000

Year

Age

Banner Life¹
OPTerm 20 (guar 20)
(Preferred Plus Non-Tobacco)

Jackson National Life¹
JNL Protector Term Series 20 (guar 20)
(Preferred Plus)

West Coast Life¹
Secure T (25 yrs)
(Super Preferred)

Banner Life¹
OPTerm 30 (guar 30)
(Preferred Plus Non-Tobacco)

West Coast Life¹
LifeTime Platinum III 1/11 – To Age 121
(Super Preferred)

Death Benefit

$250,000

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$775.00

$950.00

$1,137.50

$1,200.00

$4,787.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$1,550.00

$1,900.00

$2,275.00

$2,400.00

$9,575.00

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$2,325.00

$2,850.00

$3,412.50

$3,600.00

$14,362.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$4,550.00

$4,800.00

$19,150.00

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$6,000.00

$23,937.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$28,725.00

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$33,512.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$38,300.00

¹ Indicates Companies that Calculate Costs based on Nearest Age
² Rates are NOT GUARANTEED during indicated years

Guaranteed Pricing

September 30, 2011

Quote prepared for

Female

Age 35/36¹

California

Benefit Amount $250,000

Year

Age

Banner Life¹
OPTerm 20 (guar 20)
(Preferred Plus Non-Tobacco)

Jackson National Life¹
JNL Protector Term Series 20 (guar 20)
(Preferred Plus)

West Coast Life¹
Secure T (25 yrs)
(Super Preferred)

Banner Life¹
OPTerm 30 (guar 30)
(Preferred Plus Non-Tobacco)

West Coast Life¹
LifeTime Platinum III 1/11 – To Age 121
(Super Preferred)

Death Benefit

$250,000

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$775.00

$950.00

$1,137.50

$1,200.00

$4,787.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$1,550.00

$1,900.00

$2,275.00

$2,400.00

$9,575.00

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$2,325.00

$2,850.00

$3,412.50

$3,600.00

$14,362.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$4,550.00

$4,800.00

$19,150.00

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$6,000.00

$23,937.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$28,725.00

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$33,512.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$38,300.00

¹ Indicates Companies that Calculate Costs based on Nearest Age

Quote prepared for

Female

Age 35/36¹

California

Benefit Amount $250,000

Payment Schedule Options
Payment Options	Banner Life¹ OPTerm 20 (guar 20) (Preferred Plus Non-Tobacco)	Jackson National Life¹ JNL Protector Term Series 20 (guar 20) (Preferred Plus)	West Coast Life¹ Secure T (25 yrs) (Super Preferred)	Banner Life¹ OPTerm 30 (guar 30) (Preferred Plus Non-Tobacco)	West Coast Life¹ LifeTime Platinum III 1/11 – To Age 121 (Super Preferred)
Annual	$155.00	$190.00	$227.50	$240.00	$957.50
Semi-Annual	$79.05	$96.90	$118.35	$122.40	$497.90
Quarterly	$40.30	$51.30	$60.33	$62.40	$253.74
Monthly	$13.56	$16.63	$19.93	$21.00	$83.78

¹ Indicates Companies that Calculate Costs based on Nearest Age

Posted in Uncategorized | Leave a comment

Life Insurance for Husbands is Crucial

Posted on November 1, 2011 by galinsurancecenter

Life insurance coverage is important for both husbands and wives; however, if the husband is the primary breadwinner or his income significantly contributes to the household, obtaining life insurance to supplement the loss of his income is imperative. As a wife, it is in the best interests of you and your family to make life insurance a top priority in your overall financial security.

It’s important that wives become familiar with the family’s financial needs and the risks they will face in the event of their husband’s death. Purchasing life insurance in an amount satisfactory to cover the couple’s financial obligations and the future support of the spouse and household will minimize the risk faced by many surviving spouses. Therefore, both partners should discuss their finances and the financial outlook and needs that will be incurred if the husband meets an unexpected death or illness.

If your husband already has life insurance, review the coverage and determine if it is sufficient to cover existing debts, as well as the future needs of the wife and family. If your husband doesn’t yet have life insurance, his employer, union, or other professional organization may have life insurance benefits.

Determine how much insurance is necessary, keeping in mind inflation and cost-of-living increases which may increase that need. It’s advisable to purchase more insurance than is necessary, because increasing the benefit or taking out an additional policy later may be more costly and require medical approval.

Your husband can select from term insurance, which lasts for a specific period of time (10, 20, or 30 years) or permanent life insurance, which remains in effect as long as the premium continues to be paid. If you opt to purchase term insurance, it’s advisable that you choose enough coverage to last until the age of his retirement, longer if possible.

In addition, if your husband has a life insurance benefit through his employer or another organization, he can receive additional coverage at an affordable cost through that group or he can purchase a separate policy to supplement his wife’s financial needs.



Year	Age	Transamerica Life Insurance Co.¹ Trendsetter Super YRT (Standard Nonsmoker)	Minnesota Life¹ Advantage Elite Term 5 (Standard Non-Tobacco)	United of Omaha Term Life 10 Answers (guar 10) (Standard Non-Tobacco)	Banner Life¹ OPTerm 10 (guar 10) (Standard Non-Tobacco)	West Coast Life¹ Secure T (10 yrs) (Standard Nontobacco)	MetLife¹ GLT (10 yrs) (Standard Nonsmoker)	Nationwide¹ Nationwide YourLife Term (10 yrs) (Non-Tobacco)	Principal National Life Insurance Company¹ Term Insurance (10 yrs) (Standard Non Tobacco)	United of Omaha Term Life 15 Answers (guar 15) (Standard Non-Tobacco)	West Coast Life¹ Secure T (15 yrs) (Standard Nontobacco)	Transamerica Life Insurance Co.¹ TransTerm (15 yrs) Annual (Standard Nonsmoker)	Banner Life¹ OPTerm 15 (guar 15) (Standard Non-Tobacco)	ING ReliaStar Life Insurance Company¹ ING TermSmart 20 (guar 20) (Standard Nonsmoker)	West Coast Life¹ Secure T (20 yrs) (Standard Nontobacco)

Death Benefit		$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000	$250,000
1	45	$437.50	$455.00	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
2	46	n/a	$455.00	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
3	47	n/a	$455.00	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
4	48	n/a	$455.00	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
5	49	n/a	$455.00	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
Total:		$437.50	$2,275.00	$2,162.50	$2,175.00	$2,200.00	$2,270.00	$2,387.50	$2,412.50	$2,850.00	$2,850.00	$2,862.50	$3,012.50	$3,402.50	$3,450.00
6	50	n/a	n/a	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
7	51	n/a	n/a	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
8	52	n/a	n/a	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
9	53	n/a	n/a	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
10	54	n/a	n/a	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
Total:		$437.50	$2,275.00	$4,325.00	$4,350.00	$4,400.00	$4,540.00	$4,775.00	$4,825.00	$5,700.00	$5,700.00	$5,725.00	$6,025.00	$6,805.00	$6,900.00
11	55	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
12	56	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
13	57	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
14	58	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
15	59	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
Total:		$437.50	$2,275.00	$4,325.00	$4,350.00	$4,400.00	$4,540.00	$4,775.00	$4,825.00	$8,550.00	$8,550.00	$8,587.50	$9,037.50	$10,207.50	$10,350.00
16	60	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$680.50	$690.00
17	61	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$680.50	$690.00
18	62	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$680.50	$690.00
19	63	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$680.50	$690.00
20	64	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$680.50	$690.00
Total:		$437.50	$2,275.00	$4,325.00	$4,350.00	$4,400.00	$4,540.00	$4,775.00	$4,825.00	$8,550.00	$8,550.00	$8,587.50	$9,037.50	$13,610.00	$13,800.00
21	65	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
22	66	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
23	67	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
24	68	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
25	69	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total:		$437.50	$2,275.00	$4,325.00	$4,350.00	$4,400.00	$4,540.00	$4,775.00	$4,825.00	$8,550.00	$8,550.00	$8,587.50	$9,037.50	$13,610.00	$13,800.00
26	70	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
27	71	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
28	72	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
29	73	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
30	74	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total:		$437.50	$2,275.00	$4,325.00	$4,350.00	$4,400.00	$4,540.00	$4,775.00	$4,825.00	$8,550.00	$8,550.00	$8,587.50	$9,037.50	$13,610.00	$13,800.00
31	75	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
32	76	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
33	77	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
34	78	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
35	79	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total:		$437.50	$2,275.00	$4,325.00	$4,350.00	$4,400.00	$4,540.00	$4,775.00	$4,825.00	$8,550.00	$8,550.00	$8,587.50	$9,037.50	$13,610.00	$13,800.00
36	80	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
37	81	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
38	82	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
39	83	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
40	84	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total:		$437.50	$2,275.00	$4,325.00	$4,350.00	$4,400.00	$4,540.00	$4,775.00	$4,825.00	$8,550.00	$8,550.00	$8,587.50	$9,037.50	$13,610.00	$13,800.00

¹ Indicates Companies that Calculate Costs based on Nearest Age
² Rates are NOT GUARANTEED during indicated years

Year

Age

Transamerica Life Insurance Co.¹
Trendsetter Super YRT
(Standard Nonsmoker)

Minnesota Life¹
Advantage Elite Term 5
(Standard Non-Tobacco)

United of Omaha
Term Life 10 Answers (guar 10)
(Standard Non-Tobacco)

Banner Life¹
OPTerm 10 (guar 10)
(Standard Non-Tobacco)

West Coast Life¹
Secure T (10 yrs)
(Standard Nontobacco)

MetLife¹
GLT (10 yrs)
(Standard Nonsmoker)

Nationwide¹
Nationwide YourLife Term (10 yrs)
(Non-Tobacco)

Principal National Life Insurance Company¹
Term Insurance (10 yrs)
(Standard Non Tobacco)

United of Omaha
Term Life 15 Answers (guar 15)
(Standard Non-Tobacco)

West Coast Life¹
Secure T (15 yrs)
(Standard Nontobacco)

Transamerica Life Insurance Co.¹
TransTerm (15 yrs) Annual
(Standard Nonsmoker)

Banner Life¹
OPTerm 15 (guar 15)
(Standard Non-Tobacco)

ING ReliaStar Life Insurance Company¹
ING TermSmart 20 (guar 20)
(Standard Nonsmoker)

West Coast Life¹
Secure T (20 yrs)
(Standard Nontobacco)

Death Benefit

$250,000

$437.50

$455.00

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$455.00

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$455.00

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$455.00

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$455.00

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

Total:

$437.50

$2,275.00

$2,162.50

$2,175.00

$2,200.00

$2,270.00

$2,387.50

$2,412.50

$2,850.00

$2,862.50

$3,012.50

$3,402.50

$3,450.00

n/a

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$432.50

$435.00

$440.00

$454.00

$477.50

$482.50

$570.00

$572.50

$602.50

$680.50

$690.00

Total:

$437.50

$2,275.00

$4,325.00

$4,350.00

$4,400.00

$4,540.00

$4,775.00

$4,825.00

$5,700.00

$5,725.00

$6,025.00

$6,805.00

$6,900.00

n/a

$4,172.50

n/a

$3,139.00

$4,580.00

n/a

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$4,592.50

n/a

$3,484.00

$5,025.00

n/a

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$5,037.50

n/a

$3,779.00

$5,520.00

n/a

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$5,532.50

n/a

$4,119.00

$6,075.00

n/a

$570.00

$572.50

$602.50

$680.50

$690.00

n/a

$6,087.50

n/a

$4,529.00

$6,695.00

n/a

$570.00

$572.50

$602.50

$680.50

$690.00

Total:

$437.50

$2,275.00

$29,747.50

$4,350.00

$4,400.00

$23,590.00

$32,670.00

$4,825.00

$8,550.00

$8,587.50

$9,037.50

$10,207.50

$10,350.00

n/a

$6,707.50

n/a

$5,029.00

$7,385.00

n/a

$6,707.50

n/a

$680.50

$690.00

n/a

$7,397.50

n/a

$5,639.00

$8,180.00

n/a

$7,397.50

n/a

$680.50

$690.00

n/a

$8,192.50

n/a

$6,324.00

$9,080.00

n/a

$8,192.50

n/a

$680.50

$690.00

n/a

$9,092.50

n/a

$7,044.00

$10,080.00

n/a

$9,092.50

n/a

$680.50

$690.00

n/a

$10,092.50

n/a

$7,804.00

$11,175.00

n/a

$10,092.50

n/a

$680.50

$690.00

Total:

$437.50

$2,275.00

$71,230.00

$4,350.00

$4,400.00

$55,430.00

$78,570.00

$4,825.00

$50,032.50

$8,550.00

$8,587.50

$9,037.50

$13,610.00

$13,800.00

n/a

$11,187.50

n/a

$8,574.00

$12,360.00

n/a

$11,187.50

n/a

$12,372.50

n/a

$9,354.00

$13,630.00

n/a

$12,372.50

n/a

$13,642.50

n/a

$10,194.00

$15,010.00

n/a

$13,642.50

n/a

$15,022.50

n/a

$11,064.00

$16,540.00

n/a

$15,022.50

n/a

$16,552.50

n/a

$12,119.00

$18,415.00

n/a

$16,552.50

n/a

Total:

$437.50

$2,275.00

$140,007.50

$4,350.00

$4,400.00

$106,735.00

$154,525.00

$4,825.00

$118,810.00

$8,550.00

$8,587.50

$9,037.50

$13,610.00

$13,800.00

n/a

$18,282.50

n/a

$13,299.00

$20,400.00

n/a

$18,282.50

n/a

$20,257.50

n/a

$14,849.00

$22,525.00

n/a

$20,257.50

n/a

$22,537.50

n/a

$16,484.00

$25,105.00

n/a

$22,537.50

n/a

$25,117.50

n/a

$18,204.00

$27,940.00

n/a

$25,117.50

n/a

$27,952.50

n/a

$20,084.00

$30,970.00

n/a

$27,952.50

n/a

Total:

$437.50

$2,275.00

$254,155.00

$4,350.00

$4,400.00

$189,655.00

$281,465.00

$4,825.00

$232,957.50

$8,550.00

$8,587.50

$9,037.50

$13,610.00

$13,800.00

n/a

$30,982.50

n/a

$22,134.00

$34,170.00

n/a

$30,982.50

n/a

$34,182.50

n/a

$24,514.00

$37,515.00

n/a

$34,182.50

n/a

$37,527.50

n/a

$27,294.00

$41,025.00

n/a

$37,527.50

n/a

$41,037.50

n/a

$30,504.00

$44,810.00

n/a

$41,037.50

n/a

$44,822.50

n/a

$34,004.00

$48,990.00

n/a

$44,822.50

n/a

Total:

$437.50

$2,275.00

$442,707.50

$4,350.00

$4,400.00

$328,105.00

$487,975.00

$4,825.00

$421,510.00

$8,550.00

$8,587.50

$9,037.50

$13,610.00

$13,800.00

n/a

$49,002.50

n/a

$37,989.00

$53,675.00

n/a

$49,002.50

n/a

$53,687.50

n/a

$42,139.00

$58,960.00

n/a

$53,687.50

n/a

$58,972.50

n/a

$46,614.00

$64,820.00

n/a

$58,972.50

n/a

$64,832.50

n/a

$51,569.00

$71,140.00

n/a

$64,832.50

n/a

$71,152.50

n/a

$57,104.00

$77,775.00

n/a

$71,152.50

n/a

Total:

$437.50

$2,275.00

$740,355.00

$4,350.00

$4,400.00

$563,520.00

$814,345.00

$4,825.00

$719,157.50

$8,550.00

$8,587.50

$9,037.50

$13,610.00

$13,800.00

¹ Indicates Companies that Calculate Costs based on Nearest Age

Male Value Client

Male

Age 45/46¹

California

Benefit Amount $250,000

Payment Schedule Options
Payment Options	Transamerica Life Insurance Co.¹ Trendsetter Super YRT (Standard Nonsmoker)	Minnesota Life¹ Advantage Elite Term 5 (Standard Non-Tobacco)	United of Omaha Term Life 10 Answers (guar 10) (Standard Non-Tobacco)	Banner Life¹ OPTerm 10 (guar 10) (Standard Non-Tobacco)	West Coast Life¹ Secure T (10 yrs) (Standard Nontobacco)	MetLife¹ GLT (10 yrs) (Standard Nonsmoker)	Nationwide¹ Nationwide YourLife Term (10 yrs) (Non-Tobacco)	Principal National Life Insurance Company¹ Term Insurance (10 yrs) (Standard Non Tobacco)	United of Omaha Term Life 15 Answers (guar 15) (Standard Non-Tobacco)	West Coast Life¹ Secure T (15 yrs) (Standard Nontobacco)	Transamerica Life Insurance Co.¹ TransTerm (15 yrs) Annual (Standard Nonsmoker)	Banner Life¹ OPTerm 15 (guar 15) (Standard Non-Tobacco)	ING ReliaStar Life Insurance Company¹ ING TermSmart 20 (guar 20) (Standard Nonsmoker)	West Coast Life¹ Secure T (20 yrs) (Standard Nontobacco)
Annual	$437.50	$455.00	$432.50	$435.00	$440.00	$454.00	$477.50	$482.50	$570.00	$570.00	$572.50	$602.50	$680.50	$690.00
Semi-Annual	$223.13	$232.05	$224.90	$221.85	$229.02	$240.62	$248.30	$247.28	$296.40	$296.51	n/a	$307.28	$353.86	$358.94
Quarterly	$113.75	$118.30	$118.94	$113.10	$116.73	$122.58	$126.54	$126.66	$156.75	$151.16	n/a	$156.65	$180.33	$182.99
Monthly	$38.28	$40.04	$38.49	$38.06	$38.54	$40.86	$42.50	$42.22	$50.73	$49.93	n/a	$52.72	$59.54	$60.51

¹ Indicates Companies that Calculate Costs based on Nearest Age

Posted in Uncategorized | Leave a comment

Purchasing Life Insurance for Your Parents

Posted on October 28, 2011 by galinsurancecenter

Purchasing Life Insurance for Your Parents Nobody wants to think about the day when they lose a beloved parent. At a very emotional time, it’s also true that they don’t want to worry about how they’ll pay their parent’s final expenses and left wondering how they can pay for the burial of a mother or father. While it’s difficult, now is the time to make sure your parents’ financial obligations can be met after their death. Life insurance will provide you with peace of mind, knowing that should something happen to either of your parents, you won’t have to worry about paying for their funeral or being left to burden their financial obligations. Life insurance companies do offer policies that children can purchase for their parents. First, the adult child must have insurable interest, meaning that the child will suffer a loss should the insured die. Usually, insurable interest pertains to a spouse or another dependent, which can include a parent. When contemplating the type of life insurance you’ll need, you’ll be choosing either term or whole life insurance. Whole life is permanent insurance that pays regardless of how long the policy exists or the age of the insured, as long as the policy is in effect. Term life, on the other hand, is limited—the policy is taken out for a specific number of years and benefits are paid if death occurs within that time limit. The age and life expectancy of a parent can guide you toward the policy best suited for your family’s needs. How much coverage will you need? That varies, depending on your circumstances and your parent’s financial situation. If your parent is likely to leave behind a significant number of unpaid bills and expenses or estate taxes, you want to make sure the policy is sufficient to pay them. If the policy is intended to cover their burial expenses, a lesser amount will suffice. Keep in mind that you will be paying the premium for the insurance policy, so you’ll need to know what you can reasonably afford. If you have a life insurance policy, your insurer might offer you a discount for adding an additional policy. You’ll also want to discuss the purchase with your parent, letting him or her know the purpose of the policy and how you will use it. The Department of Veterans Affairs will provide life insurance if your parent is a veteran who has suffered a disability while serving in the military. Contact them if you are unable to purchase life insurance for your parent and find out what benefits are available and the requirements for receiving them. GAL Insurance Center offers affordable guaranteed life insurance, term or whole Life. That means your premium is guaranteed, your death benefit is guaranteed, and for whole life plans, your cash values are guaranteed. We believe life insurance should start out to be what you can afford to keep. GAL Insurance Center is designed to allow for direct purchasing of life insurance without an agent, as well, to allow you to purchase online or by phone after receiving a free quote from over 50 top rated insurance carries bidding for your business. We believe the best life insurance is one that is guaranteed and pays off when you or your family needs it. Our monthly rates start as low as $3.75 month and policy amounts start as low as $2,500 online or by phone. Go to GALInsuranceCenter.com and take control of your life insurance needs.

From: info@galinsurancecenter.com

Sent: Thursday, September 29, 2011 10:53 PM

To: mlivers@ca.rr.com ; info@galinsurancecenter.com

Subject: Term Quote

From:
GAL Insurance Center
8620 S. Belford Ave #204
Los Angeles, CA 90045
(866)750-7771

Current Pricing

September 30, 2011

Quote prepared for

Female

Age 65/66¹

California

Benefit Amount $50,000

Year

Age

Jackson National Life¹
JNL Protector Term Series 10 (guar 10)
(Nontobacco)

Jackson National Life¹
JNL Protector Term Series 15 (guar 15)
(Nontobacco)

Genworth Life Insurance Company¹
Colony Term UL 20 (guar 20)
(Standard No Nicotine Use)

Transamerica Life Insurance Co.¹
TransTerm (25 yrs) Annual
(Standard Nonsmoker)

West Coast Life¹
LifeTime Platinum III 1/11 – To Age 121
(Standard Nontobacco)

Death Benefit

$50,000

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

Total:

$2,300.00

$3,207.50

$4,754.75

$5,922.50

$5,822.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

Total:

$4,600.00

$6,415.00

$9,509.50

$11,845.00

$11,645.00

n/a

$641.50

$950.95

$1,184.50

$1,164.50

n/a

$641.50

$950.95

$1,184.50

$1,164.50

n/a

$641.50

$950.95

$1,184.50

$1,164.50

n/a

$641.50

$950.95

$1,184.50

$1,164.50

n/a

$641.50

$950.95

$1,184.50

$1,164.50

Total:

$4,600.00

$9,622.50

$14,264.25

$17,767.50

$17,467.50

n/a

$950.95

$1,184.50

$1,164.50

n/a

$950.95

$1,184.50

$1,164.50

n/a

$950.95

$1,184.50

$1,164.50

n/a

$950.95

$1,184.50

$1,164.50

n/a

$950.95

$1,184.50

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$23,690.00

$23,290.00

n/a

$1,184.50

$1,164.50

n/a

$1,184.50

$1,164.50

n/a

$1,184.50

$1,164.50

n/a

$1,184.50

$1,164.50

n/a

$1,184.50

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$29,612.50

$29,112.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$29,612.50

$34,935.00

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$29,612.50

$40,757.50

100

n/a

$1,164.50

101

n/a

$1,164.50

102

n/a

$1,164.50

103

n/a

$1,164.50

104

n/a

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$29,612.50

$46,580.00

¹ Indicates Companies that Calculate Costs based on Nearest Age
² Rates are NOT GUARANTEED during indicated years

Guaranteed Pricing

September 30, 2011

Quote prepared for

Female

Age 65/66¹

California

Benefit Amount $50,000

Year

Age

Jackson National Life¹
JNL Protector Term Series 10 (guar 10)
(Nontobacco)

Jackson National Life¹
JNL Protector Term Series 15 (guar 15)
(Nontobacco)

Genworth Life Insurance Company¹
Colony Term UL 20 (guar 20)
(Standard No Nicotine Use)

Transamerica Life Insurance Co.¹
TransTerm (25 yrs) Annual
(Standard Nonsmoker)

West Coast Life¹
LifeTime Platinum III 1/11 – To Age 121
(Standard Nontobacco)

Death Benefit

$50,000

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

Total:

$2,300.00

$3,207.50

$4,754.75

$5,922.50

$5,822.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

$460.00

$641.50

$950.95

$1,184.50

$1,164.50

Total:

$4,600.00

$6,415.00

$9,509.50

$11,845.00

$11,645.00

n/a

$641.50

$950.95

$1,184.50

$1,164.50

n/a

$641.50

$950.95

$1,184.50

$1,164.50

n/a

$641.50

$950.95

$1,184.50

$1,164.50

n/a

$641.50

$950.95

$1,184.50

$1,164.50

n/a

$641.50

$950.95

$1,184.50

$1,164.50

Total:

$4,600.00

$9,622.50

$14,264.25

$17,767.50

$17,467.50

n/a

$950.95

$1,184.50

$1,164.50

n/a

$950.95

$1,184.50

$1,164.50

n/a

$950.95

$1,184.50

$1,164.50

n/a

$950.95

$1,184.50

$1,164.50

n/a

$950.95

$1,184.50

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$23,690.00

$23,290.00

n/a

$1,184.50

$1,164.50

n/a

$1,184.50

$1,164.50

n/a

$1,184.50

$1,164.50

n/a

$1,184.50

$1,164.50

n/a

$1,184.50

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$29,612.50

$29,112.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$29,612.50

$34,935.00

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

n/a

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$29,612.50

$40,757.50

100

n/a

$1,164.50

101

n/a

$1,164.50

102

n/a

$1,164.50

103

n/a

$1,164.50

104

n/a

$1,164.50

Total:

$4,600.00

$9,622.50

$19,019.00

$29,612.50

$46,580.00

¹ Indicates Companies that Calculate Costs based on Nearest Age

Quote prepared for

Female

Age 65/66¹

California

Benefit Amount $50,000

Payment Schedule Options
Payment Options	Jackson National Life¹ JNL Protector Term Series 10 (guar 10) (Nontobacco)	Jackson National Life¹ JNL Protector Term Series 15 (guar 15) (Nontobacco)	Genworth Life Insurance Company¹ Colony Term UL 20 (guar 20) (Standard No Nicotine Use)	Transamerica Life Insurance Co.¹ TransTerm (25 yrs) Annual (Standard Nonsmoker)	West Coast Life¹ LifeTime Platinum III 1/11 – To Age 121 (Standard Nontobacco)
Annual	$460.00	$641.50	$950.95	$1,184.50	$1,164.50
Semi-Annual	$234.60	$327.17	$491.73	n/a	$605.54
Quarterly	$124.20	$173.21	$250.10	n/a	$308.59
Monthly	$40.25	$56.13	n/a	n/a	$101.89

¹ Indicates Companies that Calculate Costs based on Nearest Age

Posted in Uncategorized | Leave a comment

How Young is Too Young for Life Insurance?

Posted on October 27, 2011 by galinsurancecenter

Life insurance is often a low priority among young adults, who often are too busy beginning an independent life to contemplate the potential that it may end. They’re embarking on their careers, establishing their first homes, and enjoying fun and freedom before they start a family. Without young mouths to feed, they often don’t see a need for life insurance or the benefits that it can offer them. Few young adults know that obtaining life insurance as soon as possible can be very beneficial to their long-term financial picture.

From the time we get our very first job, we begin preparing for retirement by paying into Social Security, a 401K, or other retirement plan. It’s a lifelong investment, much like life insurance. Although we don’t often believe that we have a need for an insurance policy to cover our final expenses when we’re only 20 or 30 years old, these are prime years to invest in the peace of mind and financial benefits life insurance offers.

With life expectancy averaging 78-plus years, it’s understandable that young adults aren’t worried about preparing for their final expenses. However, the lengthy time span affords life insurance companies an opportunity to offer lower rates to young adults, given the fact that they will likely receive premiums on those policies for many years. With permanent life insurance, this means that young adults can lock in a low monthly premium and avoid paying heftier rates in later years. This means that you can buy a policy with higher value at lower rates than you’ll be able to obtain ten years from now.

Purchasing life insurance while you’re still young is also an excellent way to build a financial nest egg for your future. Depending on the policy, life insurance has a potential to increase in value and provide the owner with funds that they can borrow for future emergencies or major life changes, such as marriage or the purchase of a home. And because the insurance was purchased at a low and affordable rate, it’s less of a financial burden when children are born and the family grows.

So if you’re thinking you’re too young to worry about life insurance, you might be missing an opportunity to invest in your family’s future and financial outlook at the least expensive rates you can take advantage of in your lifetime. Finding an agent who will help you determine the best policy for your future goals and needs is the best way to build a solid financial future—the younger you are, the better. Tomorrow might not be too late, but it will be more costly.

At GAL Insurance center, we offer affordable guaranteed life insurance, term or whole Life. That means your premium is guaranteed, your death benefit is guaranteed, and for whole life plans, your cash values are guaranteed. We believe life insurance should start out to be what you can afford to keep. GAL Insurance Center is designed to allow for direct purchasing of life insurance without an agent, as well, to allow you to purchase online or by phone after receiving a free quote from over 50 top rated insurance carries bidding for your business. We believe the best life insurance is one that is guaranteed and pays off when you or your family needs it. Our monthly rates start as low as $3.75 month and policy amounts start as low as $2,500 online or by phone. Go to GALInsuranceCenter.com and take control of your life insurance needs.

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Life Insurance is a Priority for Single Mothers

Posted on October 26, 2011 by galinsurancecenter

Single parents often bear the burden of two. It’s not unusual for them to be the sole source of income for food, housing, and monthly bills, as well as the only parent responsible for the care, education, and guidance of their children. Their circumstances and responsibilities often leave them financially strapped and unprepared for emergencies, including the ability to pay their debts and insure that their family is provided for in the event of a tragedy.

In a two-parent household, each parent finds assurance that their spouse or partner will assume the responsibility of caring for the children in the event of their death. But single parents don’t have that advantage, and they often lack the financial support a guardian would need to raise their child and pay their debts and funeral expenses. This is especially true for the growing population of single mothers who too often don’t have sufficient savings or life insurance to meet their family’s needs.

Single parents are underrepresented in the life insurance industry. Out of every 10 single parents, only four carry any life insurance, and their policies are usually one-fourth of the value of two-parent families. In 1960, the cost of raising a child was $25,000. Today that figure is more than $220,000, not including college education costs. Unfortunately, few single parents, especially single moms, carry sufficient insurance to pay their final debts, let alone provide for their children’s basic needs.

Life insurance should be a priority for all parents, especially for single moms who can’t rely on the income or support of their children’s father. The amount of coverage is individual, based on income, how many children there are, and the financial circumstances of the parent. However, it’s safe to assume that a single parent needs enough coverage to pay their final expenses and the cost of raising their children. For those who cannot afford adequate coverage, there is still some peace of mind in knowing they have a life insurance policy that can contribute toward their child’s future, regardless of the amount. The first step is to determine how much insurance a single mother can afford. Then the next step is to address any debt and improve the future financial outlook for the family.

Because of their one-income status, single moms usually can’t carry hefty life insurance policies or premiums. However, they can obtain affordable term or permanent life insurance that will aid in the future financial support of their children. Term life insurance isn’t permanent; the policy has a time limit, usually a period of 10 to 30 years. If the owner of the policy dies within that term, the beneficiary will receive the value of the policy. Permanent life insurance, however, has no time limits and the policy will remain in force as long as the premiums continue to be paid.

It’s critical that single moms carry some form of life insurance to meet their fiscal and parental responsibilities. Finding an agent who understands a single parent’s financial and insurance needs is highly recommended and advantageous to addressing the family’s short and long-term financial goals. It’s a vital key in preparing for the future and providing for the children who depend solely on them for all of their health, welfare, and educational needs.

Quote prepared for

Female

Age 35/36¹

California

Benefit Amount $250,000

Year

Age

Banner Life¹
OPTerm 20 (guar 20)
(Preferred Plus Non-Tobacco)

Jackson National Life¹
JNL Protector Term Series 20 (guar 20)
(Preferred Plus)

West Coast Life¹
Secure T (25 yrs)
(Super Preferred)

Banner Life¹
OPTerm 30 (guar 30)
(Preferred Plus Non-Tobacco)

West Coast Life¹
LifeTime Platinum III 1/11 – To Age 121
(Super Preferred)

Death Benefit

$250,000

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$775.00

$950.00

$1,137.50

$1,200.00

$4,787.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$1,550.00

$1,900.00

$2,275.00

$2,400.00

$9,575.00

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$2,325.00

$2,850.00

$3,412.50

$3,600.00

$14,362.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$4,550.00

$4,800.00

$19,150.00

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$6,000.00

$23,937.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$28,725.00

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$33,512.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$38,300.00

¹ Indicates Companies that Calculate Costs based on Nearest Age
² Rates are NOT GUARANTEED during indicated years

Guaranteed Pricing

September 30, 2011

Quote prepared for

Female

Age 35/36¹

California

Benefit Amount $250,000

Year

Age

Banner Life¹
OPTerm 20 (guar 20)
(Preferred Plus Non-Tobacco)

Jackson National Life¹
JNL Protector Term Series 20 (guar 20)
(Preferred Plus)

West Coast Life¹
Secure T (25 yrs)
(Super Preferred)

Banner Life¹
OPTerm 30 (guar 30)
(Preferred Plus Non-Tobacco)

West Coast Life¹
LifeTime Platinum III 1/11 – To Age 121
(Super Preferred)

Death Benefit

$250,000

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$775.00

$950.00

$1,137.50

$1,200.00

$4,787.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$1,550.00

$1,900.00

$2,275.00

$2,400.00

$9,575.00

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$2,325.00

$2,850.00

$3,412.50

$3,600.00

$14,362.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

$155.00

$190.00

$227.50

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$4,550.00

$4,800.00

$19,150.00

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

n/a

$227.50

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$6,000.00

$23,937.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

n/a

$240.00

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$28,725.00

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$33,512.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

n/a

$957.50

Total:

$3,100.00

$3,800.00

$5,687.50

$7,200.00

$38,300.00

¹ Indicates Companies that Calculate Costs based on Nearest Age

Quote prepared for

Female

Age 35/36¹

California

Benefit Amount $250,000

Payment Schedule Options
Payment Options	Banner Life¹ OPTerm 20 (guar 20) (Preferred Plus Non-Tobacco)	Jackson National Life¹ JNL Protector Term Series 20 (guar 20) (Preferred Plus)	West Coast Life¹ Secure T (25 yrs) (Super Preferred)	Banner Life¹ OPTerm 30 (guar 30) (Preferred Plus Non-Tobacco)	West Coast Life¹ LifeTime Platinum III 1/11 – To Age 121 (Super Preferred)
Annual	$155.00	$190.00	$227.50	$240.00	$957.50
Semi-Annual	$79.05	$96.90	$118.35	$122.40	$497.90
Quarterly	$40.30	$51.30	$60.33	$62.40	$253.74
Monthly	$13.56	$16.63	$19.93	$21.00	$83.78

¹ Indicates Companies that Calculate Costs based on Nearest Age

Posted in Uncategorized | Tagged life insurance, single moms, single mothers | Leave a comment

http://myemail.constantcontact.com/Connect-with-GAL-Insurance-Center-on-Social-Media.html?soid=1107530843523&aid=HN8sIlmu4Q4

Posted on October 18, 2011 by galinsurancecenter

http://myemail.constantcontact.com/Connect-with-GAL-Insurance-Center-on-Social-Media.html?soid=1107530843523&aid=HN8sIlmu4Q4.

Posted in Uncategorized | Leave a comment

Listen for GAL Insurance Center on KJLH 102.3 between 4pm and 8pm starting Thursday, October 6th.

Posted on October 5, 2011 by galinsurancecenter

Listen for GAL Insurance Center on KJLH 102.3 between 4pm and 8pm starting Thursday, October 6th.

Click Here To Listen To Our Commercial

Website: GalInsuranceCenter.com

Proverbs 13:22

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Mapping It Out – What You Don’t Know About Life Insurance – But Should

Posted on October 4, 2011 by galinsurancecenter

Here are ten things you may not know about life insurance that could prove invaluable. Click on the PDF file below to find out and take a look below at a sample rate and then visit us online for a no cost no obligation personal quote.

http://www.massmutual.com/mmfg/pdf/Reprint_091510.pdf

Website: GalInsuranceCenter.com

Proverbs 13:22

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Our Services and Company Background

Posted on October 4, 2011 by galinsurancecenter

GAL INSURANCE CENTER

Professional Services:
Gregory A. Livers founded GAL Insurance Center to deal with the growing need to specialize in Life Insurance, the capstone and foundation to any financial plan, by providing financial literacy and life insurance products electronically online to the under-served middle class. With an emphasis on women and minorities to close the growing decline of inheritance and the wealth gap among these groups. Our selling system allows us to reach those online, by phone, face to face and by electronic point of sale at local events in their communities . GAL Insurance Center is a distributor of the lowest rates offered by over 50 nationally rated life insurance carriers . You get to see how inexpensive life insurance is without the need of an agent. You do this by entering your age and rating class to see the lowest cost immediately from many life insurance carriers that you have to choose from. You can also make direct purchase without medical exams. Special group rates for Military, First Responders and more. Rather than the traditional cold calling methods that are used to reach potential clients we allow them to contact us by providing them the information they need to protect themselves and their loved ones by using various e-marketing tools to target and reach these markets. We provide insurance related tools and information to help our clients make an informed and cost friendly choice in choosing what will best suit their individual need. We provide policies starting from $2,500 up to $10 million dollars online with rates as low as $3.75 per month from top rated life insurance companies. Utilizing the latest technologies including mobile communications; we expect to be in 20 major markets by 2013. We are licensed in
four states, Indiana, California, Georgia and Hawaii.

Background Experience:
Gregory A. Livers started in the Financial Services Profession in 1986, he did his Undergraduate Studies at Morehouse College in Atlanta, GA. His extensive experience consists of Marketing and Retail Sales for National Life Insurance Companies, National Banking Institutions and National Brokerage Companies.

Family Life:
Gregory is a resident of Los Angeles, CA with his wife of 26 years and they have three lovely daughters and three beautiful grandchildren.

Memberships:
Better Business Bureau · Greater Los Angeles African American Chamber of Commerce
National Alliance of Market Developers · American Association for Long Term Care Insurance

We are a proudly participating with the U.S. Chamber of Commerce in the Hiring Our Heroes program. Upcoming Events: Atlanta, GA on 10/20/2011 & Indianapolis, IN on 4/3/2012.

Website: GalInsuranceCenter.com

Posted in Uncategorized | Leave a comment

GAL Insurance Center

What You Need to Know Before Buying Life Insurance on Your Spouse

Life Insurance for Domestic Partners

Life Insurance for Husbands is Crucial

Purchasing Life Insurance for Your Parents

How Young is Too Young for Life Insurance?

Life Insurance is a Priority for Single Mothers

http://myemail.constantcontact.com/Connect-with-GAL-Insurance-Center-on-Social-Media.html?soid=1107530843523&aid=HN8sIlmu4Q4

Listen for GAL Insurance Center on KJLH 102.3 between 4pm and 8pm starting Thursday, October 6th.

Listen for GAL Insurance Center on KJLH 102.3 between 4pm and 8pm starting Thursday, October 6th.

Mapping It Out – What You Don’t Know About Life Insurance – But Should

Our Services and Company Background

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