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Single People need life insurance: 6 reasons why

Many people make the assumption that life insurance is for married couples and those with kids. While it is true that not all single people need life insurance, there are a number of reasons when it can make (really) good sense.

1. You have student loan debt. Many people assume that your debt dies with you, but that’s not always the case. While the loans through the federal government are discharged (aka forgiven) if you were to die, personal loans that have a cosigner are generally not. That means if your parents, for example, co-signed your student loan through a bank, they would be responsible for paying the rest of the loan if something happened to you. There are instances when the bank has called for the loan to be paid in full immediately following a death. You don’t want to leave your parents dealing with grief and loan payments.

If your parents co-signed your student loan through a bank,
they’d be responsible for paying the rest of the loan if something happened to you.

2. You’re living with your significant other. When you’re living together, a lot becomes shared financial responsibility. Consider this example: You need both your incomes to meet the mortgage or rent where you’re living. Have you thought about what happens if one of you dies prematurely? Would the other partner have to sell up? Find a new place to live immediately? And this is just one example of many shared financial responsibilities couple have. Adequate life insurance is an easy answer to those questions.

3. You plan on having kids … someday. It may not be now, but when kids do come, so do the expenses and bills. According the USDA, it costs $245,340 to raise a child to age 18, and that’s without factoring in the cost of college. Getting life insurance in place now means you have coverage in place for when you do have a child. Plus, you protect your insurability for the future. … and that leads us to the next reason.

4. You’re young and healthy. Age and health are two major drivers of how much you’ll be paying for life insurance. Why not lock in a low price if you have both of those working for you? Did you know that a health 30-year-old can get a 20-year $250,000 term life insurance policy for about $13 a month? Doable, right? Don’t wait until a health issue or age puts life insurance out of your reach.

5. You know you’ll be taking care of family members in the future. This may mean aging parents or perhaps you have a special-needs sibling that you help care for and support financially. What would happen to them if something happened to you and your support disappeared? Life insurance can ensure that there is money in place to fund those needs into the future. This is where it might be wise to consider a permanent life insurance policy (one that’s there for your lifetime, as long as you pay your premiums).

6. It will pay for your funeral. No one likes to think about such things, but the truth is if you die, someone will have to pay for your funeral. You wouldn’t want to leave your parents, partner or other family members struggling with grief as well as paying for a funeral and burial, which can cost an average of $7,100.

Getting life insurance doesn’t have to be a daunting task. A life insurance agent can walk you through your options—free of charge.


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Facts That Cant Remain Hidden About Life Insurance

Whether you found the following article when you looked for keywords like “Life Insurance Quotes Health Degree”, “Best Term Life Insurance Rate” or even “Antique Automobile Insurance” this writing will be surely enlightening to you, therefore take the time to go through it.

The benefits of a term life insurance makes it the best option. With a term life insurance, you get to pay lower premium and channel cash saved to worthwhile investments. Term life insurance gives you flexibility with your cash.

Picking out the best life insurance for yourself involves investigating the company offering it very well. Life insurance companies are all over the place hence the need to search intensively for the right one. Factors that can guide you in making the right life insurance decision are premium and coverage. Life insurance comes with numerous policies that are upgraded each year. A popular life insurance policy is the term life insurance which features insurance for a particular length of time. if you have a term life insurance, you should know that the instant it expires, you can have it renewed.

If the first part of this writing didn’t thrill you as much as you thought it would, keep reading. Sometimes the most crucial tips are not revealed until one digs deeper into an article.

Older people often get the short end of the stick when it comes to life insurance. Some life insurance companies make older people premium more because of their age. A term life insurance often witnesses a rise in premiums as age increases. There are advantages and disadvantages with the various types of life insurance policies out there. You should be aware of the pitfalls and benefits of any life insurance policy before you sign on for it.

Your budget must be taken into consideration for any life insurance policy you want to take out. You should have a definite objective if you are to find the best life insurance policy for yourself. Life insurance is basically all about financial planning even till death parts you from your family.

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Health Insurance for 2017: Are you covered?

Do you have health insurance for 2017? Open enrollment is upon us and it’s during this time of year (Nov 1st to Jan 31st 2017) we check our health insurance options to get covered for the upcomingHealth Insurance for 2017 year. If you miss open enrollment, your only options are Short Term Health Insurance, employer-based coverage, Medicaid, and CHIP.  You can still get health insurance that isn’t ACA compliant however, but you will still pay the penalty for not having insurance that is ACA compliant.

What Health Insurance for 2017 is best for me?

You have several options to choose the best health insurance plan for you and your family.

The first option is to see if you qualify for a tax credit to help you pay for your health insurance premiums each month.


Persons in Household  100% FPL  133% FPL (138%)*  250% FPL  400% FPL
1 $11,880 $15,800 ($16,400) $29,700 $47,550
2 $16,020 $21,300 ($22,100) $40,050 $64,100
3 $20,160 $26,800 ($27,800) $50,400 $84,650
4 $24,300 $32,300 ($33,600) $60,750 $97,200
5 $28,440 $37,850 ($39,250) $71,100 $113,800
6 $32,580 $43,350 ($44,950 $81,450 $130,300
7 $36,730 $48,850 ($50,700) $91,850 $146,900
8 $40,890 $54,400 ($56,450) $102,250 $163,550

* The ACA law text reads 133 percent, but also calls for a new method of calculating income bringing the minimum to 138% and they are choosing to disregard the 5% discrepancy. If your family contains more than 8 people, add $4,160 for each additional.


About 70% of Americans will qualify for a tax credit to help them pay for their health insurance for 2017.
Use this calculator to get a free quote and to see if you qualify for a tax credit.


If you don’t qualify to get a tax credit to help pay for your health insurance, you still have a few options:

  • You can still get a plan that is ACA compliant. This plan may cost more than a non compliant plan, but it will allow you to insure you and your family and NOT pay the penalty for not having health insurance.
  • You can get a health insurance plan that is not ACA complaint. There are many families that see the benefit in going with a short term medical plan. Often times, the premiums are less and even though they may pay the penalty, it costs less than going with an ACA complaint plan. We advise you speak to your tax advisor to see how much of a penalty you will owe.
  • Some people take the risk and go without health insurance. We don’t recommend this. We recommend that you look to see if your state expanded Medicaid or CHIP and try to get covered by one of those programs.

Health Insurance for 2017Will I have to pay a penalty if I don’t get Health Insurance in 2017?

In 2016, the penalty was to 2.5% of your total household adjusted gross income, or $695 per adult and $347.50 per child, to a maximum of $2,085. For tax year 2017 and beyond, the percentage option will remain at 2.5%, but the flat fee will be adjusted for inflation. If you fall below 100% of the FPL limits, you won’t have to pay the penalty.

How can I get Health Insurance in 2017?

Insurplicity, LLC can help you get covered for 2017. We have relationships with several health insurance companies to give you the best plans that fit your family’s needs and budget. Give us a call directly at 678-744-5542 or click here  to get see how much you will qualify for in tax credits.

Don’t qualify for tax credits but still need health insurance in 2017? We have the best short term plans available. Recently, we acquired a new, Guaranteed Issue Short Term Medical Plan.
Click HERE to get a Quote!

Understanding Health Insurance can be complicated. We make navigating health insurance options easy. Give us a call today to see how we can insure your family today.

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Should You Settle For A Term Life Insurance Policy?

Should You Settle For A Term Life Insurance Policy?

Price is always a consideration, even when insurance policies are concerned. This is why a term life insurance policy has become very popular in recent years. A term life insurance policy offered the same features and benefits of a conventional life insurance policy, albeit restricted to a certain term, hence the label term life.

A lot of people are settling for these types of policies these days, but should the term “settling” be the right word? A term life policy is replete with so much to offer for your stated beneficiaries after your death. Is it proper to say that a term life policy is a mere second choice then? Let’s take a deeper look at the intricacies of a term life insurance policy.

The Benefits Of A Term Life Insurance Policy

A term life policy is a very advantageous choice. This policy is bestowed with so many benefits that is worthy of serious consideration. Let’s study these benefits of a term life policy:

* The premium of a term life  policy is more affordable, hence, it has become a lucrative option for people wanting to avail of the benefits of a life insurance policy but cannot afford the usual monthly payments.
* A term life policy offers the same benefits for the beneficiaries of the insured, and in some cases, a term life insurance policy even offers more benefits for them.
* A term life  policy goes well with any financial plan. Parents, for example, can avail of a term life insurance policy that would guarantee their children’s education in the event that something happens to the insured parents during the term of the said term life insurance policy.
* A term life policy can be settled, or sold, by a person above 65 years of age or by an insured who is suffering from a terminal disease.

The Disadvantages Of A Term Life Insurance PolicyTerm Life Insurance Policy

This is not to say that a term life  policy is not without disadvantages. Let us take a look at the restrictions imposed on a term life policy:

* A term life insurance policy would only insure the person for a certain period of time. Once such period lapses, the policy must be surrendered.
* The grant of a term life policy may take a longer time to approve. Much study would be made by the company offering the term life insurance policy before any application may be granted.
* A term life  policy demands utmost honesty and good faith. You cannot lie on your application for a term life policy, especially with details about your medical history. Material concealment in the application for your term life policy would result in the cancellation of the same.
* The rejection rate is higher in applications for a term life policy.

The propriety of availing of a term life insurance policy would depend on your needs. You’d be able to work with the restrictive terms of a term life insurance policy, you’ll most certainly reap a lot of rewards from the same.

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Wondering About Whole Life Insurance

Whole life insurance is undoubtedly the most comprehensive and advantageous life insurance you could taken advantage of. When it comes to protection for the loved ones we will leave behind, permanent life insurance would have such a purpose fully covered. Not only that, a permanent insurance policy would also give you so many perks that can never be found in other insurance packages.

Whole life insurance is actually a combination of a life insurance and dividends.  Though this is indeed a program meant to assure the sustenance of our beneficiaries, a permanent insurance policy takes the form of dividends in spirit.

What Is Whole Life Insurance?

Whole life insurance basically insures a person for the entirety of his whole life. This policy will continue to be in effect for as long as the premiums are maintained. A premium, of course, is the amount you have to pay to sustain the death benefit. Usually, the premium is payable on a monthly basis.

The other exciting feature of a whole life insurance policy is that it is capable of building up cash value. This means that it build up dividends which will be added to the benefits that the policy  would award to your stated beneficiaries. If the insurance company is doing well, meaning, there are fewer mortality cases than expected, and if, as a consequence of this, the insurance company enjoys good business, then the policy itself would increase in value. This would be to your advantage.

Whole Life InsuranceThe Whole Life Insurance Difference

Basically, a permanent life insurance is a policy that never expires and one which will give out dividends whenever business is good. A straight life policy, clearly, is a better alternative than its counterparts. Permanent life insurance is not restricted to certain periods, life those found in term life insurance policies.

However, because of the thorough benefits of a whole life insurance policy, you would be expected to pay for a more expensive premium for the maintenance. This makes whole life insurance rather inaccessible for quite a number of people.

If you have the money to spare and invest for the future, then choices don’t come better than a whole life insurance. Life insurance would give your loved ones the protection they need after your passing, regardless of when you expire. This alone makes whole life insurance a great option worthy of your serious consideration.

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How To Find The Best Mortgage Protection

Once you have decided to protect your family’s future by purchasing mortgage protection coverage, the next thing you will have to do is find the best mortgage protection insurance policy for your needs. There are many different mortgage protection choices, with widely varying premiums and benefits. Before you select a mortgage protection policy, be sure to thoroughly research each option available to you.

Mortgage Protection Available From Lender

Many banks and other mortgage lenders offer home loan protection policies to their customers. When you are purchasing or refinancing your home, it is likely that the lender who handles your loan will provide you with information about policies available through his or her company.

Many times, homeowners decide to purchase policies available through their lender without researching other options. In some cases, they do not even realize that there are other mortgage protection choices available to them. It is a fact that many insurance companies offer various types of mortgage protection coverage. If you go with the fist policy that is presented to you, you may find yourself paying too much for what might not be the best available coverage.

Do not automatically eliminate the coverage that your lender offers from consideration. It is possible that the mortgage protection available through your lender really is the best choice for you. However, you have no way of making an educated decision without first researching various mortgage protection coverage options. Before choosing a policy, find out how much they cost, how funds are disbursed to beneficiaries, how stable the underwriter is, and any other relevant details.

Mortgage Life InsuranceMortgage Protection from Primary Insurance Company

Before you can investigate additional mortgage protection options, you’ll need to find out which companies offer these types of policies. You may want to start your research by asking the agent who is handling your homeowner’s policy if his or her company provides mortgage protection coverage. If such coverage is available, you may be able to save a significant amount of money on both your mortgage insurance and homeowner’s policies via multiple policy discounts.

Even if your primary insurance agency does not offer policies specifically designated as mortgage protection coverage, it is very likely that they do offer term life insurance coverage. Many people opt for a term life policy rather than one designated for mortgage expenses only. Those who choose term life coverage feel it is important to allow their families the ability to make choices about how the policies proceeds are utilized, based on their financial situation and needs following a loved one’s death.

With a traditional term life insurance policy, the designated beneficiaries will receive a lump sum payment following a qualifying event, per the conditions specified in the coverage agreement. This money can be used to take care of the outstanding mortgage, as well as for other essential expenses. With an actual mortgage protection policy, the beneficiaries are not able to exercise discretion regarding how the money is utilized. With a true mortgage protection plan, the outstanding mortgage loan will paid in full following the death of the insured party, but funds are not available for any other expenses.

Additional Resources for Mortgage Protection Coverage

There are a number of national and international companies that specialize in mortgage protection and term life insurance policies. These organizations often offer the best rates, because they deal primarily or solely in these types of policies. Many companies that concentrate on providing customers with the best rates on quality mortgage protection and term life insurance coverage primarily market themselves via the Internet. You can often find them on your own through a search engine, or with the help of a free online insurance quote service.

Selecting the Best Mortgage Protection Coverage

Selecting the best mortgage insurance coverage can be very confusing. Be sure that you conduct thorough research before making a choice. Premium costs and coverage options are not the only important considerations. The reason for purchasing mortgage insurance is to make sure that your family will not face foreclosure following the death of a loved one. This means that it is important to focus on situation with which your family will have to cope in the event of your death, or that of another member of the household, when making your choice regarding the best mortgage protection option.

When deciding what type of policy is best, and which carrier to choose, you need to think about factors such as the outstanding balance on your mortgage, the minimum monthly payment, the earning potential of other members of your household, how income and expenses will change following the death of a family member, and the other types of insurance coverage that you and your family already have.