Western Fraternal Life :: Life Insurance Topics and FAQ

Life Insurance Topics and FAQ

Dec
04
If philanthropy is one of your goals, donating a life insurance policy to charity could be the strategy for you. Using life insurance to make a charitable gift may allow you to make a larger gift and can provide tax benefits at the same time.
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Nov
21
Western understands that there are people interested in getting valuable life insurance coverage with minimal qualifying requirements. We have two options for those who want whole life insurance without needing a medical exam or lab tests. Simplified Issue Whole Life and Graded Benefit Whole Life are both plans which only require yes/no answers to a minimal amount of questions.
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Sep
27
More than one out of three people who say that they need life insurance have not purchased coverage.* Are you one of them? Or maybe you purchased a policy, but you haven’t checked to make sure it is going to cover your needs. Whatever your personal situation, this September, Life Insurance Awareness Month, offers the perfect opportunity to review common life stage needs.
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Sep
04
Danica Patrick, official spokesperson for Life Insurance Awareness Month, shares a message about financial fitness. (video)
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Aug
08
As a life insurance agent, I’m not only interested in meeting new people and helping with their needs, but also in making sure that my clients review their policies as their needs change over time. Most people are good at getting started but fail to make the time to review their policy with their agent. Life can change with a blink of an eye. It’s important you routinely talk with your agent about changes in your life so that your financial needs are taken care of. Most people will go through six stages in life and insurance needs change with each one.
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Aug
03
David can be contacted in South Dakota at (800) 349-3611 or e-mail at david@yostagency.com.
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Aug
01
I am pleased to announce the promotion of Kevin Simpson CLU, CRPC, CLTC to Vice President, Sales & Marketing.
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Jul
11
Here are some benefits of purchasing a whole life plan from Western for your child or grandchild:
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Jun
20
One hundred and twenty years ago, Western Fraternal Life sprang to life as a result of Czechoslovakian immigrants desiring to share financial security and common ancestry bonds. Today, there are a lot of different life insurance providers, and not everyone shares the roots that provided the initial foundation of fraternal societies like Western. With that being said, you may wonder why you should choose Western over those other companies. Here are some things to consider:
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May
09
You’re a full-fledged adult now, fresh out of college with your first real job. As you settle in to this phase of your life, it can be easy to focus on your immediate needs. That's a large part of the reason that only half of millennials own life insurance.1 At Western, we understand your concerns. But, we also want to make sure you are educated about the value of purchasing life insurance at this stage of your life. In the following segments, we break down some common concerns.
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Apr
20
Western Fraternal Life agents Louie Caballero, David Caballero, Carrie Baeten, and Randy Kolarik have won awards from the National Association of Fraternal Insurance Counsellors (NAFIC).
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Apr
06
Ideas for ways to prepare should the unthinkable happen.
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Mar
14
Many of my clients can relate to this situation: they were told that a CD (Certificate of Deposit) is an investment strategy that can provide guarantees and stability. That is absolutely true, but when it comes time to think about how to pass the money from a CD to children or grandchildren, it may not be the most efficient way to do so.
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Feb
16
Each year the top agency and top agents are recognized for their leadership and success in insurance premium sold, issued certificates, and new members. We also want to recognize and thank them for their dedication, hard work, and commitment to helping and protecting our members and their families. Please join the Management Team, the Board of Directors, and the staff of Western Fraternal Life in congratulating the 2016 Sales and Marketing Award Winners.
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Feb
15
As this year begins, I encourage you to take the time to review your life insurance policy with your agent. It’s important to have enough coverage for now, a plan for later, and updated beneficiary information. I also want to remind you to take advantage of our exclusive benefits, like member discounts, financial assistance, and scholarships.
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Feb
13
There are two things that remind me the most about why you need life insurance. Both happened to my family.
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Feb
01
Western is pleased to introduce our new life insurance product, Life Protector. This is a permanent policy that lasts your whole life and provides a guaranteed death benefit and cash values, in many cases at a lower cost than our regular Whole Life policy. This plan is ideal for people who are looking specifically for affordable permanent coverage, and are not concerned with growing cash value. In other words, it’s perfect if you are looking for a lower cost permanent alternative to term insurance.
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Jan
20
Have you ever heard of a Children’s Term Rider (CTR)? It is a valuable rider that can be added to a parent’s Whole Life or Term policy. This handy rider covers the lives of all current and even future children born to, or adopted by, the primary insured until they reach the age of 23.
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Jan
13
I am a strong believer in the "Fraternal Advantage." Belonging to a fraternal organization allows many unique opportunities. I believe it to be imperative to make the time to support the activities that Western sponsors. As a member, you can get involved with your lodge and celebrate culture, advocate for charities, and make a difference.
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Dec
23
Western offers the ability to convert from a term plan to a permanent (whole life) plan during the term’s coverage.
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Dec
16
A well-rounded financial plan typically consists of several components, such as mutual funds, annuities, stocks, bonds, bank accounts, and of course, life insurance.
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Dec
02
One type of life insurance that is rarely talked about, but has fit well for a number of my clients, is Single Premium Whole Life. It offers growth of cash value and a death benefit, with no additional premiums ever needed. Here are two examples of how my clients have benefited:
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Nov
18
Our deepest sympathy goes out to the family of James David (Dave) Butler, who passed away on Thursday, October 6, 2016 in Iowa City after a short but courageous battle with cancer.
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Nov
14
Have you ever heard of Single Premium Whole Life? This type of plan is permanent insurance, and the coverage lasts your entire life. One of the best aspects of this plan is that you only have to make one payment!
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Nov
11
I’m the beneficiary on my dad’s life insurance, and he passed away. What do I need to do to collect? Do I report this “income” on my taxes? How much does a funeral cost? How are funeral expenses paid? My mother is not doing well since my dad passed away. What can I do to get ready?
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Oct
21
For many of my clients, their business is a meaningful investment in their lives, and they want to protect the future of their hardwork. When people begin a business together, they might not immediately ask themselves what will happen if my business partner(s) die. Will the remaining partner(s) be able to acquire a loan to buy the business? Will the partner(s) be able to afford the costs of the business without the additional investment? What are the intentions of the family of the partner(s) if they die?
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Oct
07
Many people believe they don’t need personal insurance because they “have insurance through work,” but the following examples may change your mind.
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Sep
23
by Carrie Baeten, Agent for Western Fraternal Life During 22 years at Western, I have been able to provide a ray of sunshine in very sad situations by making the future a little bit easier after the death of a loved one. Having a life insurance policy is the best way to show that you love someone by making sure they are financially okay when you can't be there.
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Sep
16
September is Life Insurance Awareness Month, and Western Fraternal Life, a member of Life Happens Foundation, is a proud participant in this campaign. According to the 2016 Insurance and Barometer Study by Life Happens and LIMRA, 40% of consumers don’t know what kind of life insurance to buy, so they haven’t bought enough… or haven’t bought any at all. Below are a list of products from Western Fraternal Life with tips to help you decide which plan might be best for you.
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Sep
02
“Congratulations on your new home,” is one of my favorite things I get to say to clients. Whether you are buying a home or re-financing a property, it’s my job to clearly explain the difference between home-owners insurance and mortgage insurance.
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Aug
05
Talking to your parents about their funeral wishes can make all the difference in the world. Parents, this is a practical way to show your children how much you love them.
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Jul
15
After 20 years, the term part of the policy ends. The permanent part of the policy remains with $25,000 of paid up whole life insurance.
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Jul
08
When your parent is grieving because their partner has died, how can you help? Below are some things you can do during a major bereavement in their lives.
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Jun
03
Term life insurance is a type of plan that lasts for a set number of years. When you apply for insurance with Western, you can choose different lengths of time for your coverage, such as 10, 20, or 30 years. Some people call it temporary insurance.
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May
27
Young adults may have had one of Western's children's policies originally bought by a parent or grandparent. As they enter adulthood, they may want to make adjustments to their policy to fit their current needs.
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May
12
I ran into my friend Margaret at the store the other day, and we took a moment to catch up on what was happening with our families. I was sorry to hear that her husband Gary had a health issue in the past year. I asked if he had life insurance, and she said he used to have life insurance with the company he worked for, but he had been laid off, so was no longer covered. She said, “Oh, he’d probably never get life insurance because he’s not in perfect health.” Guess what Margaret? That’s not true!
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Apr
01
How simple is Simplified Issue Whole Life? Super simple! We are so excited, because Western has made applying for life insurance so much easier! All you need to do is answer seven health questions and wait a short time to see if you are accepted. Of course, you need to tell the truth, the whole truth, and nothing but the truth. You won’t need a medical exam, doctor’s records, or a lab test. This is why it’s called “simplified issue.”
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Mar
18
The topic of fife insurance can sometimes be a confusing;however,it does play an important role in protecting your loved ones. The more you understand about life insurance: what it does, how it works, the more comfortable you can be in making the right decision about the kind and amount of life insurance you need. Here are four things you should know about life insurance.
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Mar
04
Let’s talk about two basic terms used in insurance that many people may not understand: face amount and dividends. Math is not my favorite subject, so I’m a little leery of a word like “dividends” but once you understand, it’s not too bad. We are going to start small and keep building our knowledge of insurance! There is a short quiz at the end, and the answers will be in the April Fraternal Herald.
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Feb
12
I used to think that insurance was boring, but after working around it for so many years, I’m a huge fan! I’m excited to talk to you about insurance, and to explain it to you in an easier way. There are so many stories of how it has helped people in their darkest hours. Even though we never expect it to happen, we all know that in the end, we cannot escape the inevitable. It can mean all the difference in someone’s life to have life insurance when you need it to avoid losing a home, or working multiple jobs just to stay afloat.
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Jan
15
When it comes to life insurance, what is a conversion? Many times, you can take a term life insurance policy and change or “convert” it to a permanent policy. Just like a caterpillar goes into a chrysalis and “converts” into something else – a butterfly!
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Oct
02
Whether it’s the flu bug, over-eating, or hangovers, here are a few tips to keep you healthy and in good spirits for the upcoming holidays.
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Apr
06
Permanent (Whole Life) products are discussed, with differences highlighted.
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Aug
08
Read about our new product here!
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May
02
Western Agents come together for some education and training in Cedar Rapids.
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Feb
21
We have some really great agents here at Western. Randy Kolarik is one of the best. Read about Randy here.
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Oct
04
We’ve recently seen several situations where traditional Whole Life insurance contracts are being replaced with a “new” kind of life insurance contract. The new and “improved” life insurance contracts aren’t always the right fit for you.
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May
01
Retirement is a time for making many important financial decisions.
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