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Term Life Insurance can be simple; and it can also be complex. It may look like the cheapest is the best - and it may be if that is all you want. Term insurance is a type of policy that has a fixed and guaranteed premium for a certain number of years. After that time period, you can still maintain your policy, but your annual premium can increase up to 20 times your current premium, depending on your age, and will continue to increase each year after that based on a formula called annual renewable term. In your policy, it states exactly what will happen to your premiums every year... 
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Are you aware that you can now buy a new 40-year term policy if you are age 45 or younger? If you are age 50 and younger, you can buy a new 35-year policy. If you are age 60 or younger, you can buy a new 25-year term policy. Imagine having a term policy that covers you to your age 85. Incredible, right? GUESS who doesn’t want you to know this? Your friendly life insurance agent doesn’t want you to know this. WHY NOT?  We love making promises. We make them when we get very sick, when someone close to us dies, when we get married and on New Year’s Eve. We mean well when we make them, but then life gets in the way...  Medical Underwriting Classifications. What you MUST Know BEFORE you apply for life insurance.9/30/2020 The more important consideration is not which company is the least expensive but which company will give you the best underwriting decision. A preferred from most companies will beat a standard from any company. Therefore, it is in every consumer’s interest to present the best health profile they can.  Imagine sitting in a room with a pile of medical records to review each and every day. Imagine that you have to make a medical underwriting decision based on your company’s criteria regarding height, weight, medical history, complaints, diagnosis, medications, compliance of patient and combination of health concerns. Your job is to do the underwriter's job and not leave anything open-ended. The better the story, the better the rating, the better the price... After selling life insurance for the past 28 years, it is clear that it is a very complex product. The regulators require insurance companies to create illustrations to show consumers how that particular policy was anticipated to work. As a result, non-fiduciary “advisors” had the opportunity to supplement illustrations with sales speak...
The world of betting consists of investing money; and if you lose, your investment is gone but if you win, you get back the money than you invested plus a profit. Your goal is to WIN the bet...
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