Frequently Asked Questions

Your situation is unique in its own right but what’s universal is being informed! We are constantly updating our FAQ section with new concerns our customers tell us they are facing in todays climate. Speak with one of our Xpert advisors today or check out the FAQ below for more insight! 

Frequently Asked Questions

Why would I need Life Insurance

Life insurance is commonly used to protect your loved ones and provide a death benefit to help cover expenses in the event of your premature death and loss of income. Xpert Insurance Services also features living benefits that can be used while you are still alive.

Im single with no kids. I have no need for life Insurance.

Of course you have no need. Anyone who NEEDS life insurance cannot acquire it simply because they’ve now become Uninsurable. We can’t predict the future but we can PROTECT it. 

Why do I need it today?

Because today is the cheapest day you’ll ever pay for life insurance. The older you get & the longer you wait, naturally, it is more expensive to insure yourself because of the increased risk of disease & imminent death. Waiting rather hurts you then helps you. 

Life insurance: It's too expensive

Most things are nowadays. But what if you knew 86% of people haven’t bought life insurance because they assumed it was too expensive, yet overestimate it’s true cost by more than double.

I already have it through my employer. Why would i need more?

This is great news that you have something in place! The only issue that leaves you unprotected is the insurance Carrier has the right to adjust your premium to rate you at your age of termination & not the age you initially received the policy. 

What is the Critical Illness Benefit?

The Critical Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed with a heart attack, stroke, cancer, renal failure, major organ transplant or ALS.

Hypothetical Situation:

Randi purchases X.I.S. Life Insurance with a 30-year duration with a $250,000 death benefit. Randi is diagnosed by her physician with breast cancer at age 62. She has a husband and two children. Prior to getting sick, she worked as a school teacher. Her husband owns a painting business. Randi chooses to exercise her critical illness rider and receive a portion of her death benefit early. She plans to use the money to help the family cover her medical expenses and make up for her husband’s lost income while he cares for her.

What is the Chronic Illness Benefit?

The Chronic Illness rider gives you the option to accelerate a portion of your death benefit early if you are certified by a Physician as being unable to perform at least two ADLs or activities of daily living (bathing, continence, dressing, eating, toileting, transferring) or if you require substantial supervision due to severe cognitive impairment.

Hypothetical Situation:

After 10 years, Joe is 70 years old and is suffering from complications related to COPD (Chronic Obstructive Pulmonary Disease) that have left him unable to perform 2 ADLs. His wife works full-time and is not able to provide the daily care assistance that herequires. Joe decides to exercise his chronic illness rider to help pay for his care assistance. Two years later, Joe’s condition has not improved and he decides to exercise his rider a second time to help pay for his extensive medical costs. Joe passes away one year later. His beneficiaries will receive his remaining death benefit which will help them pay for his final expenses.


What is the Terminal Illness Benefit?

The Terminal Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed as terminally ill with a life expectancy of one year or less.

Hypothetical Situation:

Howard is 65 years old and terminally ill. His doctor recently informed him that he has less than 12 months to live. Howard decides to exercise his terminal illness rider and plans to use the money to take his children and grandchildren on a family vacation while he is still able to do so. He passes away 9 months later.

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