LIFE INSURANCE:

At Steve Muehler - Insurance, we believe that "Life insurance is an essential part of financial planning." One reason most people buy life insurance is to replace income that would be lost with the death of a wage earner. The cash provided by life insurance also can help ensure that your dependents are not burdened with significant debt when you die. Life insurance proceeds could mean your dependents will not have to sell assets to pay outstanding bills or taxes. An important feature of life insurance is that no income tax is payable on proceeds paid to beneficiaries. The death benefit of a life policy owned by a C corporation may be included in the calculation of the Alternative Minimum Tax.

Buying life insurance is not like any other purchase you will make. When you pay your monthly / annual premiums, you’re buying the future financial security of your family that only life insurance can provide. Among its many uses, life insurance helps ensure that, when you die, your dependents will have the financial resources needed to protect their home and the income needed to run a household.

Choosing a life insurance product is an important decision, but it often can be complicated. As with any other major purchase, it is important that you understand your needs and the options available to you.

Understanding the Life Insurance Rate Classes:

Preferred Plus Class (Best Class of Life Insurance):

  • No health impairments

  • No history of diabetes, cancer or heart disease

  • No high blood pressure

  • No tobacco use in 36-60 months (varies by insurance carrier)

  • Cholesterol under 220

  • No substance abuse

  • No hazardous activities

  • No cardiovascular disease or cancer in either parent or siblings before age 60.

Preferred Class:

  • No health impairments

  • No history of diabetes, cancer or heart disease

  • May have controlled blood pressure

  • No tobacco use in last 12-36 months (varies by insurance carrier)

  • Cholesterol under 250

  • No hazardous activities

  • No cardiovascular disease or cancer in either parent or siblings before age 60. 

Standard Plus Class:

  • Only minor health impairments

  • May have controlled blood pressure

  • No tobacco use in last 12-24 months (varies by insurance carrier)

  • Cholesterol under 285

  • No substance abuse in past 7 years

  • No hazardous activities

  • No cardiovascular death of more than one parent before age 60. 

Standard Class:

  • Some health impairments

  • May have currently controlled blood pressure

  • No tobacco use in last 12 months (varies by insurance carrier)

  • Cholesterol under 300

  • No substance abuse in past 7 years

  • No hazardous activities

  • No cardiovascular death of a parent before age 61. 

Why all of our Insurance Applications are reviewed by our Firm prior to issuing a CUSTOM INUSURANCE QUOTE to you! 

  • Misunderstanding: The first reason buying insurance online can be dangerous is because the "online quotes" and the "policies" can be misunderstood and there are few chances to have those misunderstandings explained to you be an industry expert prior to purchasing the insurance policy. 

  • Custom Quotes and Policies are more difficult to set up: Every individual, family, and business is different, and the insurance needs are always different. An online quote and policy purchase is not necessarily able to create a custom policy around those needs of your family or business. This means you will most likely get a general policy that is good for the average person, but not necessarily what is best for you. Odds are, with a Custom Quote, you can "get more for less."

  • Not assigned an individual agent to handle coverage: After buying insurance online you may feel covered and protected. Having one client assigned to you for every potential claim you have to file is a big advantage that you may be missing out on when buying insurance online. An individual who knows your entire history from purchase to claim will be able to fight for you better than someone who was randomly assigned for that one claim after buying online.

  • Adjusting your policy: As business and families grow and change, your insurance policy should change with it to make sure everything, and more importantly, everyone is covered. If buying insurance online, you will rarely speak to the same agent twice and will lose that initial time savings by needing to explain the changing circumstances around your family or business' insurance needs.  

  • Lack location specific assistance: Online quotes and purchasing sites give you the ability to see a standard policy for your area. However, what it doesn't take into account is the individual needs for your exact location and your family and business needs based on that information. 

STEVE MUEHLER:

1055 West 7th Street

Los Angeles, California 90017

Phone: (310) 779-7226

Email: Steve@SteveMuehler.com

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