Delete Alternative Choice in the Life-Insurance Quote Form and eSign it in minutes

Aug 6th, 2022
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How to Delete Alternative Choice in the Life-Insurance Quote Form

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- Hey everybody, this is Randy Pierson, Vice President of Life and Annuities for Gordon Marketing and welcome to another edition of Selling Life and Annuities. Today, Im very pleased to have one of our top life marketers, Brady Doppler with us, and were gonna be talking about important changes to our life insurance quoting tool. Stay tuned. All right Brady, so important new changes to our life insurance quoting tool. What are we talking about today? - So if youre familiar with our quoting tool, you can access it from gordonmarketing.com. If youre on the home screen, just hover over the tools button on the very top and click the Term and UL Quota. That takes you to where you can see Term quotes, GUL quotes for all of your clients. And typically when you get to the quoting results screen and you click on a specific carrier, our agents were confused with a lot of the buttons that were on there, what button to tick, where to find forms and stuff. Weve made it a lot simpler now, its a

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Can you change your mind after youve purchased a new life insurance policy? Yes. But the time you have to cancel that new life policy is limited. By law, life insurance companies have to offer a free look period, to allow you time to fully examine your policy, risk-free.
This is a feature thats typically offered within permanent life insurance policies, such as whole life and universal life insurance. Policyholders can use the cash value as an investment-like savings account and take money from it.
I would like to cancel the policy immediately. Therefore, I am requesting the refund of any unused premiums within a period of 30 days from the receipt of this letter and a written confirmation of the cancellation for my records at your earliest convenience.
Alternatives to variable universal life insurance But if you want less expensive and more straightforward insurance, a term life insurance policy is the best type of life insurance for most people. Whole life insurance: With whole life insurance, you are covered from the moment you sign up.
Life insurance benefits can help replace your income if you pass away. This means your beneficiaries could use the money to help cover essential expenses, such as paying a mortgage or college tuition for your children. It can also be used to pay off debt, such as credit card bills or an outstanding car loan.
You can usually withdraw part of the cash value in a permanent life policy without canceling the coverage. Instead, your life insurance beneficiaries will receive a reduced payout when you die. Typically you wont owe income tax on withdrawals up to the amount of the premiums youve paid into the policy.
You can cancel a car insurance policy at any time. You may even get a partial or full refund of any premiums youve prepaid. However, its a good idea to do a little research before canceling your insurance to avoid consequences, such as a coverage lapse. A lapse can lead to increase premiums for you in the future.
It can be used to pay off debt ingly, you can use that money to pay off debt, household repairs or college education costs. The possibilities are numerous.

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