Don’t Be Without A Final Expense Policy

A  final expense policy is a permanent life insurance product which provides coverage throughout the insured’s lifetime.

It combines a death benefit with a savings element. 

A final expense policy also has level premiums throughout with the proceeds being made immediately available to pay off final expenses. 

Such expenses can include funeral costs, medical bills, or other associated expenses.

Burial Insurance

Also called burial insurance, final expense policies are typically inexpensive and offer benefits generally from $2,500 to up to $25,000. 

They often do not require medical exams and are favored by seniors on fixed incomes as an economic way to cover final expenses.

A Sense of Peace and Security

If you have Social Security, Medicare, and either a Medicare Supplement or Medicare Advantage, then you need a Final Expense policy to cover all of your bases. 

You will then feel a sense of peace and security knowing that you will not have to burden your loved ones in any way.

Applying is easy and simple. No height or weight requirements. Most health conditions accepted. 

Call (773) 614-3201 for a personally designed Final Expense policy.

Only Life Insurance Policy You Need

No one’s financial plan is complete without life insurance. 

If your financial planner does not incorporate life insurance in your financial plan he or she is doing you a tremendous disservice. 

The only question is what type of life insurance.

Limited Value of Term Insurance
While term insurance term insurance can be useful for a young person, recently married, with a mortgage and young children, for older people whose children are grown and who have the potential of acquiring a health problem, term insurance is not the way to go. 

Term insurance is just what the words alludes to. It's for a term of years and then it's no more. If you have an option to keep it and do so, your premium jumps significantly higher. 

Forgetting term, for most of us a choice need to be made among four types of life insurance: a preferred whole life, 20 pay whole life, whole life with modified death benefits, and a whole life final expense .

Final Expense Whole Life Policy
If you have a preferred whole life or a 20 pay whole life already in place, then the only type of life insurance policy you still must have is a whole life final expense policy.

You need a whole life final expense policy to provide your family the money when they need it – a policy which will pay all the costs associated with your funeral and burial expenses within 24 hour of the documents being received while you are waiting on the other policies to pay out.

The other policies may be designed to provide for a lifetime income for your surviving family and may take take several weeks or more to pay out. However, only the whole life final expense policy will give your family immediate benefits.


For Illinois residents, call (773)614-3201 for more information and quotes.

Type 2 Diabetics Can Buy Life insurance

The diabetes epidemic continues to garner headlines, with the emergence of Type 2 diabetes among young people the most alarming. 

The greatest increases in numbers of total cases of diabetes in industrialized countries are, however, occurring among elderly people. 

This is because of the aging of the overall population as well as a greater absolute increase in the prevalence of diabetes among elderly people than among young people. 

Diabetic Population in the U.S.
People 65 years and older will make up most of the diabetic population in the United States in the next 25 years. 

More alarmingly, the proportion of the diabetic population 75 years or older is projected to exceed 30% in the United States in the next 50 years. 

Most Common Form of Diabetes
Type 2 diabetes is the most common form of diabetes. In type 2 diabetes, your body does not use insulin properly. This is called insulin resistance. At first, the pancreas makes extra insulin to make up for it. 

But, over time, your pancreas isn't able to keep up and can't make enough insulin to keep your blood glucose levels normal. Type 2 is treated with lifestyle changes, oral medications (pills), and insulin.

When glucose builds up in the blood instead of going into cells, it can cause two problems:

• Right away, your cells may be starved for energy.
• Over time, high blood glucose levels may hurt your eyes, kidneys, nerves or heart.

Control Type 2 Diabetes
Some people with Type 2 can control their blood glucose with healthy eatng and being active. 

But, your doctor may need to also prescribe oral medications or insulin to help you meet your target blood glucose levels. 

Type 2 usually gets worse over time - even if you don't need medications at first, you may need to later on.

High Risk Groups
Some groups have a higher risk for developing Type 2 diabetes than others. Type 2 diabetes is more common in African Americans, Latinos, Native Americans, and Asian Americans/Pacific Islanders, as well as the aged population.

Nevertheless, this condition does not prevent you from acquiring life insurance. Protect you loved ones. Don't be without life insurance. If you live in Illinois, call me at (773) 614-3201 to get a personally designed policy.

Stop! Don’t’ Get Ripped off by Funeral Directors

Funeral directors are first and foremost businessmen. They are in business to make a profit.

While the title of this article may appear to incriminate funeral directors, it is not meant to do so. In fact, what I do is of great benefit to funeral directors. 

Most of them are honest and are trying to make a good living for themselves and their families. However, at the time of a funeral, the surviving family members are in a highly emotional state and are vulnerable to being ripped off for thousands of dollars.

What is necessary is for the survivors to have a third-party to handle the funeral arrangements free of charge. This is in addition to having a Final Expense Plan for your parents or grandparents in place. 

It is important for them to clearly state how they want their funeral to be handled by the third party. The survivors would then have the option to use the third-party who would have previously received the information directly from the deceased family member and could proceed to get the funeral arrangements in motion.

So, in summary, here are 3 things that should be in place.

1. The chosen third party services must be totally free. It must not be a lawyer, or any other professionals who would charge you.

2. The third party must have the information directly from the deceased family member who stated clearly, when living, how he or she wanted the funeral arrangements to be done as well as how much should be paid for the funeral.

3. The surviving family members must have been informed by the deceased family members that they preferred the third-party to make the funeral arrangements and know how to contact the third party.

As a financial consultant this is exactly what I do for Illinois residents free of charge. I take away the need to identify and negotiate with funeral directors. 

I make it easy for the surviving family member to experience a satisfactory ending with the beloved family members and to deal with the normal grief period that all of us have to go through.

If this benefit sounds useful to you call (773) 614-3201 or e-mail me at bwillbar@gmail.com.

Whole life, Universal Life, or Term - How to Decide What's Best for You

A whole life insurance policy covers you for your entire life. Your death benefit and premium in most cases remain the same. 

Whole life also builds cash value, which is a return on a portion of your premiums that the insurance company invests. This tax-deferred cash value can be borrowed to help finance your children's education and is self-completing if either parent unfortunately experience an untimely death. 

Whole Life
A whole life insurance policy may be used as a part of your estate planning. Consequently, whole life insurance is a good choice for you if you want to ensure that you have a life insurance policy in place for your entire lifetime and can comfortably afford the premiums, 

While whole life insurance is designed to provide coverage on the insured for the insured's entire life as long as the premiums are paid and the policy has not been surrendered, 

Universal Life
Universal life is a type of flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element, like whole life insurance, which is invested to provide a cash value buildup. 

The death benefit, savings element and premiums, can be reviewed and altered as a policyholder's circumstances change. 

In addition, unlike whole life insurance, universal life insurance allows the policyholder to use the interest from his or her accumulated savings to help pay premiums.

Universal life insurance was created to provide more flexibility than whole life insurance by allowing the policy owner to shift money between the insurance and savings components of the policy. 

Premiums, which are variable, are broken down by the insurance company into insurance and savings, allowing the policy owner to make adjustments based on their individual circumstances. 

For example, if the savings portion is earning a low return, it can be used instead of external funds to pay the premiums.

Universal Life and Whole Life Compared
Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted monthly. As an example, the Indexed Universal Life may base the performance of its cash values on one of several indices, including the S & P 500 or the Dow Jones Industrial Averages. 

Moreover while it provides an opportunity for growth, it has guaranteed returns and provides considerable stability. In that it provides both growth potential and a safety net, it is excellent for college planning or retirement supplemental planning.

Term Life

Term life insurance provides coverage only for a fixed period 10, 15, 20, or 30 years, as stated in the policy. And, it has no cash build up. While it can be extremely affordable for a person in good health up to the age of fifty. After that age, the premiums start to get progressively more expensive. 

Term should be purchased if you only need insurance for a specific period of time, such as if you want an outstanding fifteen or thirty year mortgage balance paid off in the event of an untimely death.

Any comments on the needs for  life insurance? Leave them below. If you need a quote, call (773) 614-3201.