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Get in the know

We'll give you some of the basics to help you understand some popular questions. There's a lot to know about life insurance, but most people have no need to know it all.  We hope you enjoy our site and take a moment to drop us a line too.

FREQUESTLY ASKED QUESTIONS

Will I qualify for coverage?

Yes! EVERYONE can qualify for coverage, no matter their health!

As a business owner/manager, can I offer Life Legacy Ins. to my employees?

Yes! That is our main focus. As an employer provided benefit option, you can offer us to your employees, and we will work directly with them. Also, our benefits will stay with the employee after they retire! This will show them that you care about them and their families, even after retirement!

Who can I choose to receive the benefit?

You can choose ANYONE you would like to receive the benefit money. Children, spouse, parents, grandparents, grandkids, extended family, close friends. You can also choose to have it split up between two or more people! 

Do I have to keep paying if I get coverage and decide later I dont want it?

No! All you have to do is stop payment and the policy will lapse. 

If I stop paying, will it go to collections??

No! Its not like a cell phone or house payment. You will NEVER go to collections. If you stop payment, the policy will just lapse and it will be like you never had it in the first place. 

Dont I sign a contract if I take out a policy?

Yes, BUT the contract is more for holding the insurance company accountable for paying your loved ones, than it is for you. It just states as long as you're making the payments, the company will pay the benefit amount to whoever you choose when something happens to you. 

How much does it cost?

That just depends. You can take out a $2,000 policy, a $2,000,000+ policy or anywhere in between. What we do is, find out how much coverage you're wanting, and then we go to work finding the best carrier to provide it for you, at the cheapest rates available. 

Can I choose the payment date?

Yes! You can decide any date you want to make the payments on. 

Is the money my family receives taxable?

No! Money from a life insurance policy cliam is not taxable.

How will my family receive the money?

It will come as a regular check. All they have to do is deposit it and they will have the full amount in their bank account.

I have a question that wasn't on the FAQ!

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lifelegacyins.com

(816) 728-2829

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