Life Insurance We Have The Answers

Annuities We Have The Answers

Life Insurance Plans and Policies

Life Insurance

We only partner with top quality carriers that offer the most competitive products and services.

There are many types of life insurance plans to choose from:

~ Term Life Insurance ~

~ Whole Life Insurance ~

~ Final Expense Insurance ~

~ Single Premium Life ~

~ Fixed, Indexed, Guaranteed Universal Life Insurance ~

~ Survivorship / Estate Planning ~

~ Impaired Risk ~

~ Non-Med Term Life Insurance ~

~ Accident-Only Term Life Insurance ~

~ Return of Premium Insurance Plans ~

Life Insurance in PA, MD, VA, WV, UT and NY

 

Frequently Asked Questions About Life Insurance

CMA Insurance Services is here to help answer any questions you may have. Take a look at the FAQs below. If you still have questions or would like assistance, please fill out our contact form or give us a call and we would be happy to assist you. Click on the plus sign next to the question below to view the answer. 

  • When do people buy life insurance? +

    People usually buy life insurance when they experience a life event such as marriage, birth of a child, divorce, or death of a family member or friend. Life insurance is bought by people in their 20s, 30s, 40s and 50s. And there are special senior life insurance plans to help cover final expenses.

  • If I am married, should my spouse have life insurance too? +

    Absolutely, if there are people counting on your spouse’s income or time. For example, a spouse may not be working but is providing care for a child or adult parent. If something were to happen to him or her, someone may have to be hired to provide that service. Life insurance could be used to pay those costs.

  • What is a life insurance premium? +

    The premium is the amount you pay the company for the life insurance contract and all of its benefits. Even for a given death benefit and type of insurance (e.g., term life), the premium can vary widely among companies, either because some companies’ policies have features that others don’t, or because some charge more than others for the same coverage. So the first step in comparing policies is to make sure you compare similar insurance plans based on your age, the type of policy and policy features, and the amount of insurance you are purchasing.

  • Do I have to pass a medical exam to get life insurance? +

    While most policies will require a short medical exam, there are no medical term life insurance policies available. The cost may be a bit higher, but you don’t have to go through a medical exam and the process will take just a few days rather than a few weeks.

  • What is a life insurance rider? +

    A life insurance rider refers to an addition to the life insurance policy that expands the limits or benefits under the plan. It is an option and there is an additional cost for an insurance rider.

  • If I have a life insurance policy should I replace it? +

    For term life insurance, a significant drop in rates might make it wise to shop and compare prices for your current age and health. If you can do better, you can replace term life insurance plans. Just make sure you understand all of the benefits and limitations of your new plan (i.e., are there some things that are not covered for a certain time period, such as when the policy is new?). And remember to never cancel a policy until the new policy is in place.

  • Is there a free look period with my life insurance policy? +

    Yes. Generally there is a 10 day free look period during which you can still cancel the policy. And you can cancel during the application process, if you change your mind.

  • Can I convert my term life insurance policy to a different type of insurance? +

    You can if your policy provides for convertibility, and most do. We can review your current policy and explain the terms and the cost of your premium if you convert your term life insurance policy to a whole life insurance policy.
  • 1