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- How can I be sure you're giving me the best rate?
- I don't understand the difference between types of life insurance.
- Am I obligated to buy a policy from you if you provide me with quotes?
- Do you provide forms in Spanish for my employees who prefer them?
- If I complete one of the online applications, should I sent it to you or mail to the company myself?
- Everyone says they provide excellent service. What makes you different?
- I'm a sole proprietor. Can you help me?
- My company is outside Texas. Can you still help me?
- My company has one (or more than one) disabled employee. Will that cause our rates to increase?
- We are considering changing insurance companies. Do we need to wait until our premium is up for renewal?
- My employees want dental insurance, but I don't want to pay for the insurance. Is there a way to add this benefit where employees who want it can pay separately?
- Can you explain the various ways that life insurance can work as a savings plan for me and my employees?
- Are certain insurance providers better than others when insuring high-risk employees? (for instance, for people working in jobs that may be hazardous).
- Our company has a number of female employees. Does the cost of maternity coverage vary greatly among providers?
- Where are you located?
- How can I be sure you're giving me the best rate?
Because we represent many carriers instead of just one, we can compare insurance costs and plan benefits and offer you the best solution for your company's needs. However, cost is just one of the factors in determining which plan is best for the client. We make sure and fact find with you to make sure you receive the best plan for you.
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- I don't understand the difference between types of life insurance.
Term Life Insurance - Term life insurance, which is usually
the least expensive form of life insurance, pays a death benefit to your beneficiary
or beneficiaries when you die while the insurance policy is in force. Term insurance
is life insurance coverage for a specified period of time. This can be at a
guaranteed rate or in some cases a guaranteed rate for a period of time and
then a projected rate. Term periods can be for 10 years, 15, 20 and even 30
years. For example: 30 year level term would guarantee a level premium for 30
years based on a specified death benefit. If you live past that period and don't
renew your policy, or if you stop paying the premium, the coverage ends and
no payment is made. Return of Premium Term Life Insurance-Return of Premium
(ROP) Term life insurance is an option that combines the advantages of traditional
term life insurance (such as affordable, guaranteed level-premium periods over
15, 20, or 30 years), with a "return of premium" feature. If the policyholder
outlives his or her policy, 100% of the premiums that have been paid will be
returned to the insured individual at the end of the premium period.
Universal Life Insurance - This is a flexible premium permanent
life insurance policy under which the policyholder may change the death benefit
from time to time (with satisfactory evidence of insurability for increases)
and vary the amount or timing of premium payments. Less expensive premiums are
credited to a policy account from which mortality charges are deducted and to
which interest is credited at varying rates.
Equity Indexed Life Insurance - "Equity Index Universal Life
Insurance" (EIUL) is a traditional universal life insurance policy offering
an index feature. The cash value of the policy can be transferred from a fixed
account that offers traditional fixed interest rates to an indexed account.
The indexed account uses an outside index (like the S&P 500®) in the calculation
of interest credits. While the impact of negative index returns is limited by
a growth floor (typically 0%), the maximum interest crediting rate for an EIUL
policy is limited by a growth cap. As a universal life insurance product, EIUL
offers death benefits, flexible premiums, and tax deferred accumulation of cash
value.
Whole Life Insurance - Whole Life Insurance is life insurance
that is kept in force for a person's entire lifetime, as long as the scheduled
premiums are maintained. All Whole Life policies build up cash values. Most
Whole Life policies are guaranteed for as long as the scheduled premiums are
maintained. The variable in a Whole life Policy is the dividend which could
vary.
We know that you have questions about the many types of insurance available
and are prepared to answer all your questions.
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- Am I obligated to buy a policy from you if you provide me with quotes?
No, there is no obligation to buy from us? but we would like to work as your agent to fulfill all your insurance needs.
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- Do you provide forms in Spanish for my employees who prefer them?
Yes! We also have a bi-lingual office to answer any questions you may have. Also
feel free to visit our Latin company www.vidaseguroslatinos.com
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- If I complete one of the online applications, should I sent it to you or mail to the company myself?
If you download one of the applications and complete it in your handwriting, then you will need to mail to us. However, if you complete an online application that states "Apply Online," you will not need to send anything to us as we are notified by the carrier by e-mail when you apply online from our website.
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- Everyone says they provide excellent service. What makes you different?
We make things easy for you at every step! We assist the employer with the enrollment process, employee terminations, eligibility, coordinating and performing claims investigations, Cobra (Consolidated Omnibus Budget Reconciliation Act), state continuation issues and other insurance questions you may have. Sixty days prior to your company's group health insurance renewal, we will begin the process of quoting alternative healthcare options with other carriers so you will have ample time to make an informed decision that relates to your company's employee benefits. We will maximize the value of our client's dollars and minimize the administrative time spent on employee benefits
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- I'm a sole proprietor. Can you help me?
Yes! Our own company began as a sole proprietor, so we understand the challenges of running a small business and have a selection of insurance products that will fit your needs.
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- My company is outside Texas. Can you still help me?
Our primary focus is Texas and employers' offices located in Texas. However, we are also licensed in Kansas and Indiana.
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- My company has one (or more than one) disabled employee. Will that cause our rates to increase?
Possibly, but there are many factors that could affect your overall premium. Please call us to discuss the options.
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- We are considering changing insurance companies. Do we need to wait until our premium is up for renewal?
No? you may change insurance carriers at any time.
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- My employees want dental insurance, but I don't want to pay for the insurance. Is there a way to add this benefit where employees who want it can pay separately?
Yes, depending on the size of the group dental plan. Typically, voluntary dental plans are available for 10 + enrollees.
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- Can you explain the various ways that life insurance can work as a savings plan for me and my employees?
Yes, we work with different insurance carriers that provide group life insurance plans with universal life insurance policies that could be portable should the employee terminate employment.
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- Are certain insurance providers better than others when insuring high-risk employees? (for instance, for people working in jobs that may be hazardous).
Yes, we work with carriers that we can shop depending on your SIC code and can advise you as to which would be the better employee benefit plan.
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- Our company has a number of female employees. Does the cost of maternity coverage vary greatly among providers?
Yes. All carriers have various plans to choose from with different premium levels and most carriers provide maternity coverage automatically within their plans. There are a couple of insurance carriers in the market that give you the option to waiver maternity coverage.
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- Where are you located?
Our office is conveniently located in West Houston. For directions click here.
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Benefits Are Our Business, Service Sets Us Apart
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