Family First Life Is Turning Heads!

Now Hiring!

Family First Life Is Now Hiring

Family First Life is turning heads in the industry and is being recognized by not only life insurance agents but many of the larger insurance carriers and other large IMO's. It is rare that you find a company that truly cares about the agents and puts their needs, goals and future, first, says Barb Goff, a successful agent with Family First Life. She goes on to say, "Since day 1, I feel Shawn Meaike cares about me, my family and my success." Anyone looking to become an agent or a seasoned veteran is welcomed to inquire about the opportunity at Family First Life!

Compensation

Family First Life's compensation is unlike any other in the industry. If you look around, you will see that no other IMO offers the top compensation that you will find here! Many agents that have joined the Family First Life organization feel that the compensation here is more than fair and give the agent a chance to earn an incredible income and a career that they can retire from in ten years time. At the same time, the IMO is also able to be very profitable. So much so that the IMO is able to provide additional monetary incentives to the agents.

Many IMO's in the industry cap the agent at a percentage where, in some cases, Family First Life, will start the agent off and it will only go up from there. Many other IMO's treat the insurance industry as an MLM and are looking to hire as many people as possible, but that is not the case at Family First Life. Our number one priority is the agent and teaching them how to sell life insurance, build an agency should they agent desire, and earn a living. All promotions earned and bonuses paid are done so based solely on production, regardless of the size of the agent's organization.

Vested Renewals Day 1

At Family First Life, we feel your client's are yours and you should be compensated accordingly. From day one, all renewals on your book of business belong to you, the agent! This is the case whether you chose to stay with the company or move on.

Contact us today to learn more about the INDUSTRY'S best kept secret! Family First Life's top compensation is 2nd to none!

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The Pitfalls Of Work Sponsored Life Insurance

Work Life Insurance

The Pitfalls Of Work Sponsored Life Insurance

As a life insurance agent, it is common to hear the misconception that people are fully covered and have adequate coverage with life insurance because their employer provides them with a plan. This however could not be further from the truth. Although employer sponsored life insurance is inexpensive and coverage is guaranteed to a certain limit, it is not something that can be counted on or relied on to take care of your family. Life insurance is the most important purchase you make in your life if you have a family that relies on your income. Listed below are some of the pitfalls of work sponsored life insurance:

The death benefit may not be enough for your family

Generally there are limits on the amount of coverage that can be purchased. The amount of coverage is usually based on your income. In some cases, you can purchase additional coverage up to four to six times your salary, but that may require a medical exam. Some professionals recommend a person carry as much as twelve times their salary, so life insurance provided by your employer falls way short of that figure. The exact amount of coverage needed varies from person to person and the exact plan varies as well.

If you are single, have no children, no mortgage and have no assets with a co-signer, then employer sponsored life insurance may be enough coverage for you,

When you leave your job, you lose your coverage

People every experience the loss of health insurance and the same generally applies to life insurance when you lose your job or decide to leave. Not having any life insurance during this time could be detrimental to your family, should something happen to you. Also, if during this gap you are diagnosed with a critical or terminal illness, you may become uninsurable. This is just another critical aspect to consider. Most work life insurance policies lack a convertibility option, but even when that is an option, the new policy is based on your current age and risk class at that time and premiums will reflect such.

The premiums may not be competitive

Depending on the plans offered by the employer, the policy's premiums may not be the best available for you. Most employer sponsored life insurance plans usually have an increasing premium that will occur in five year increments. If you are healthy and insurable, seeking personal life insurance is worth looking into. Just as you do with most other things you purchase and considering how important life insurance is, you should make sure you are getting the most coverage possible for the best possible price.


It is always important to make sure you meet with a qualified licensed life insurance professional to determine what options are available for you. Contact Family First Life to schedule a consultation with one of our agents, today!

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Why Would I Buy Life Insurance For My Child?

Child Life Insurance

Why Would I Buy Life Insurance For My Child?

When the topic of life insurance for a child is brought up with a parent, at first it is almost an uncomfortable discussion. They seem to feel as though a life insurance policy on their child would create a situation where they would profit off of the death of their child. I personally felt the same way when my first insurance agent brought the topic up with me and my wife, many years ago. However, to view life insurance as a profit making situation is the wrong way to view all life insurance to begin with. Life insurance is not meant to be purchased to make money off of the death of a loved one, only to ease a financial burden when a death arises.

With the average cost of a funeral near ten thousand dollars, and sometimes even more, the last thing you would want to do in a time of tragedy is figure out where you are going to come up with money for a funeral. Some people even find themselves going into debt if they don't have the money. It would be nice to take as much time as you wanted to grieve, without money being an option.

Guaranteed Insurability For Life

A person is usually their healthiest when they are their youngest. Purchasing a permanent life insurance policy would ensure that the child has guaranteed insurance for life. This is a huge benefit. No matter what ailments or disease may occur in the future, as long as the premiums are paid, the child will continue to have life insurance.

High Cash Value Life Insurance

Purchasing a policy such as Indexed Universal Life (IUL) could set the child up with a significant amount of cash for their future. A male, age 0, with a $900 premium per year, for 10 years would provide the child with a significant amount of money for their future. They would be able to use $20,000 at age 30 as a down payment on a home, take out $15,000 to help their child with college and then take out $30,000 per year from age 65 to 100 for retirement. The cash taken from the policy would be Tax-Free and all from a $9,000 investment that started at age 0. The child would have received $1,190,000 in Tax-Free money and still maintain a death benefit for his family of $3,516,298. Imagine if instead of $900 per year, it was $1,800 or more!

This cash accumulation growth alone makes life insurance a great idea for children! Contact a qualified insurance professional with Family First Life to discuss what options are available for you.

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What Is Decreasing Term Insurance?

Decreasing Term Insurance

What Is Decreasing Term Insurance?

Decreasing term life insurance is a type of life insurance where the death benefit decreases over the term of the policy. The premiums stay constant; however, because of this the premiums are less expensive than a standard term life insurance policy. This is an option that is generally referred to and used for mortgage protection. The theory behind this, is that as a person's debt is reduced, their need for the life insurance reduced.

To determine if this type of insurance is best for you, contact a professional at Family First Life to schedule an appointment.

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If Your Student Loan Has A Cosigner, You Need Life Insurance!

Term Life Insurance Can Ease The Burden

If Your Student Loan Has A Cosigner, You Need Life Insurance!

The last thing anyone is thinking about when preparing to go to college and seeking financing is what will happen if a death were occur. Neither the student nor the cosigner have usually contemplated what to do if either were to die. The Consumer Finance Protection Bureau (CFPB) has said that approximately 90% of student loans, that are not guaranteed by the Federal Government, have a cosigner. The last thing a family should have to endure is dealing with financial matters and collection efforts during the most difficult time of their life. This situation can be equally devastating whether the borrower or cosigner were to pass away.

What Happens If the Borrower Dies?

Loans that are not insured by the Federal Government, like those with Sallie Mae, will still require the money to be paid by the cosigner, even though the borrower has died. There are many horror stories like this on-line, like Steve and Darnelle Mason from California, where their daughter passed away from a liver disease and they were forced to repay the student loan. For them this proved to be financially devastating. In addition to having to deal with the pain caused by the loss of their daughter, their pain was compounded by this mountain of debt and a barrage of calls from Sallie Mae. Generally speaking, these debts are classified as a non-dischargeable debt under the Federal Bankruptcy laws, so they usually can't be removed through bankruptcy, making it even more difficult to deal with.

What Happens If My Cosigner Dies?

If this occurs, it triggers an automatic default and the full amount of the loan becomes due. Sallie Mae has been under fire for this practice, but it still happens. In cases where a grandparent cosigns for a loan, the death of this person prior to the loan being repaid happens more often than you would think. Just when the borrower is trying to establish themselves, the last thing they would expect to happen is to get a call from Sallie Mae demanding payment in full for the entire balance of the loan. The CFPB has issued urgent warnings to the public about the dangers posed by auto-defaults and the practice of lenders placing borrowers' loans in default because the cosigner has died.

How Can I Protect Myself, My Cosigner And My Family?

Luckily there is a very simple solution. Term Insurance is the lowest cost life insurance there is. The borrower will generally be young and in great health. Therefore, obtaining a term life policy for the term of the loan will have very low premiums. As for the cosigner, there are many options that are available for them as well. A term life insurance policy may be their best option as well. If either the borrower or the cosigner were to pass, prior to the loan being paid back in full, the life insurance will provide the necessary death benefit to extinguish the debt.


To determine what options are best for your specific situation, contact a professional at Family First Life, today.

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Have You Ever Looked At The Living Benefits Of Life Insurance? Amazing!

Living Benefits

Have You Ever Looked At The Living Benefits Of Life Insurance? Amazing!

Many people think of life insurance as something that pays out only upon the death of the insured. Although this is true and the most significant benefit of life insurance, many people overlook all of the "living" benefits of life insurance and what those benefits can provide. The question you have to ask yourself is not, "What happens if I die?", but "What happens if I live?" The living benefits for some people, in some situations, find the living benefits of life insurance far more valuable than the death benefit. Below I will go over the different options that may be available to you.

Cash Back Option

Most people know of term life insurance as a product that you pay of a specified period of time and at the end of that time period, the insurance if not used, the money is gone. This for some people seems like a waste of money. For those people, or people that would like to get something back, the Cash Back Option is a great benefit. It is an option that is available on a term product and at the end of the specified period of time, the insured is able to get 100% of the money paid into the policy as a lump sum disbursement. This is generally a great option for people with a mortgage and would like to provide protection to their loved ones and at the same time would like to payoff their mortgage early.

Disability Income Rider

This is a great rider for people that may have a concern in meeting their monthly financial obligations, including their mortgage payments, in the event of becoming disabled. Generally there is a 90 day waiting period and this disability income can be generally received for up to two years. It is a great supplement to an existing disability insurance policy and can provide additional much needed cash during this difficult time.

Chronic/Critical Illness Rider

This is a rider that will pay you, while still living, a portion of your total death benefit should you be diagnoses with a Chronic/Critical Illness. This amount can be significant if the policy has a large death benefit. Being diagnosed as chronically ill can be a difficult time in a person's life and having access to to a large sum of money upfront, or monthly payments, can ease the burden of having to deal with financial obligations.

Terminal Illness Rider

This is a rider that provides the insured with a portion of the total benefit if the insured is diagnosed with a Terminal Illness and has twelve months to live or less. The benefits can be used to help you cover medical costs, replace lost income or pay whatever expenses you see fit. This can be a significant amount of money and can help ease the burden of having to deal with your financial obligations during this difficult time in your life.

Tax-Free Retirement

Using the cash accumulation of a high cash value life insurance policy, like an indexed universal life policy allows the insured, at a specific period of time, chose to have the policy begin to pay them back and receive this money as a Tax-Free benefit. This is a great option that may not have the option to enroll in a 401K, do not qualify for a Roth IRA, people concerned with the state of social security or anyone that just wants to ensure they don't outlive their retirement nest egg.

Contact a qualified professional with Family First Life today, to schedule an appointment to review your life insurance needs.

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What Is The MIB And How Does It Affect You?

MIB

What Is The MIB And How Does It Affect You?

The medical Information Bureau is a company based in Massachusetts that maintains a database of extensive medical information to help underwriters determine if a client qualifies for life insurance or health insurance. If an applicant applies for life insurance and there are any discrepancies between the answers a client has given on an application, the underwriter may ask for additional information, or may decline the application based on the data received from the MIB.  In addition to a client's medical information, the MIB also keeps record of the number of times a request has been made. Insurance companies want to ensure that when issuing a policy, the client fits the risk class they have applied for. This helps keep premiums in line with the risk taken by the insurer.

Fraud

The MIB is also able to help determine fraud. If there are an abnormal number of requests from the MIB, it could alert the company to a "murder for profit" scheme. If there are many requests coming through on many small applications or a few large applications, it alerts them to a possible scheme. If they feel this is happening, at that point they would contact the authorities. It will also give insurers information as to the risk class an applicant may have been given by another insurer and if a consumer attempts to falsify information on an application, it would immediately be caught on an MIB report. Based off this is false information, the application may be declined or the insured may be offered the same risk class.

Can I view my report?

Yes. It is possible that the information on a report was reported erroneously. An insured has the right to view what is on his/her MIB report. You can submit written notice to the MIB or call them and get a free copy of what has been reported. All declines on a policy will trigger a disclosure to the applicant with the necessary information to obtain a copy.

Ultimately, the MIB is able to ensure that risk-based premiums remain in-line with the risks taken by an insurance company and allows insurers to meet the financial obligations to their policy holders.

Contact our office today, to schedule an appointment to meet with one of our agents to determine what life insurance products you may qualify for.

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Accidental Death Life Insurance - Will It Pay?

Accidental Death Life Insurance - Will It Pay?

All too often, in a first-time meeting with a client, we discover that the life insurance that they had in place to protect their family was Accidental Death Life Insurance (AD&D) only. As with most things in life, anything that is too good to be true, almost always is. Generally speaking, all carriers' premiums are within 10% of each other, so when we see a premium that is not inline we know there is an issue. When someone says they have $100,000 worth of coverage for $8 a month and they are 40 years old, it sends up an immediate red flag. These policies aren't necessarily bad due to the inexpensive premiums, but it is an issue when they think they have a full coverage policy and they do not. These are great supplemental plans along with a traditional life insurance product. We will always recommend a full coverage policy with an accidental death rider.

What Is Accidental Death Life Insurance?

These are policies that will only payout the death benefit if the person's death arises as a result of an accident. This is only a problem, if the person's death is due to anything other than an accident and this is the only type of life insurance that the person has. 

Policy Review

It's important that you meet with a life insurance agent to review all of your policies to determine exactly what types of policies you have, when or if they will expire and the risk class you were given. It's best to figure out early on that you may not have what you thought you had when it comes to life insurance. Life Insurance premiums are always at their lowest when you are your youngest and in your best heath.

Contact us today to schedule a review to make your your family is protected for years to come!

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