Rop Term Life Insurance Quote - Term Life Insurance

Long-term care insurance never used MiamiHerald.com

17.04.10

I have been paying for my husband's long-term care policy with New York Life Insurance since 2003. My husband passed away in January without the long-term care being used. My agent told me that I will be reimbursed a certain amount of money since the long-term care was not used.

However, when I called New York Life, I was told that I will not get anything. As such, I would like to know the truth on whether or not I will get anything back for the unused long-term care. Please give me some advice.

-- Honoresa Vitente, Miami

A.We contacted New York Life spokeswoman Terri Wolcott.

``Like many insurance coverages, Mr. Vitente's Long-Term Care policy does not accumulate cash value or pay a death benefit,'' she said. ``It does, however, provide for the return of premium paid for coverage beyond the date of the Mr. Vitente's death.''

The return of premium is currently being processed, Wolcott said. ``We have provided Mrs. Vitente with complete information about her husband's policy. We remain available to assist her with any further questions she may have.''

Source:

Where Can I Find Affordable Term Life Insurance Rates?

There are many websites that offer you quick and easy life insurance quotes. You might be wondering which one is the best or which one offers the best rates. One thing you need to be aware of is that the rates are the same no matter which website you go with. Life insurance carriers update their rates monthly and websites cannot quote you any higher or lower than the rates published directly from the carriers. So if the rates are going to be the same no matter which site you go to, then the important thing is to find a site that has been doing it for years, that provides excellent customer service, and offers you quotes from many highly-rated life insurance companies. Insureme.com is a good example. They’ve been in the business for about 25 years so they are knowledgeable and they work with many carriers.

What you should consider before choosing a term life insurance policy:

•    Compare the costs. Get multiple quotes from different carriers to find out which carrier has the best rates for you.
•    Compare policies. You should compare quotes for different types of policies such as a 10 year term, 20 year term, or return of premium.
•    Guaranteed periods.  Make sure your rate is guaranteed to remain the same for as long as you need the coverage.
•    Insurance carrier rating.  A.M. best provides financial ratings of insurance companies. These ratings can give you an idea of their financial strength. It’s something important to look at because you want to be sure you go with a company who can pay their claims now and in the future.

Remember that there is a big difference between a website that has been in business for one year and one that has been around for 25 years. An experienced company will be able to help you find the absolute lowest priced life insurance policy for you based on your particular situation- your age, health status, family health history, occupation, hobbies, smoking status,...

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