Life Insurance Plans

As many people know, life insurance is extremely important in the unfortunate event of death, but many people still seem to overlook it. Some of the most common reasons people get life insurance is to set a peace of mind that after passing your plan can pay off debts, finically assist your family, funeral coverage, protect your business and other assets. Everyone, at every age, needs life insurance. If you have a family or assets, protect them and give UBP Insurance a call at (469) 439-1196 to learn more about your options.

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Life Insurance FAQs

  • Why Do I Need Life Insurance?

    There’s no replacement for you and the contribution you make to your family. You want to make sure that people in your life, especially your dependents, can remain financially secure after you die. Bottom line: Life insurance financially protects your family and loved ones at a time when it is needed the most.

  • Is There a Waiting Period Before the Full Life Insurance Benefit Takes Effect?

    For most types of life insurance you’re covered with the full benefit from the very first day your coverage takes effect. The exception is if the coverage is issued with a graded benefit which means that partial benefits are provided when the policy is issued and full benefits are provided after the policy has been in force for a predetermined amount of time.

  • What Should I Look for In a Term Life Policy?

    Most high quality term life policies sold today are guaranteed renewable, which gives you the right to continue your coverage beyond the initial rate guarantee period without a medical exam. This feature can become extremely important to your family should you become sick and uninsurable toward the end of your initial premium guarantee period. Also, look for a policy with a good conversion privilege and good, solid permanent policies to convert to.

  • What is Universal Life Policy?

    Universal life insurance is an interest-sensitive product that combines cash accumulation and term insurance rates, providing great flexibility with premium payments. Decreasing the premium reduces the cash values available in the future and shortens the protection period or lengthens the premium-paying period. Increasing the premium increases the cash values or shortens the premium-paying period. Policy expenses and cost of insurance are deducted each month from the policy values; any unused premium is credited to the cash value account and is eligible to earn interest.