Every 40 Seconds
an american will be diagnosed with a heart attack.
75% of Stroke Victims
survive the first year; 50% will survive beyond five years.
92% Of Older Adults
have at least one chronic illness; 77% have at least two.
What is Living Benefits Term Life Insurance?
My Term Life Guy has renewable term life policies available that run for a shorter term, but have the option to renew. Those terms usually run from 10 years and up to 35 based on age.
If, the unforeseen would happen, and you suffer a critical illness such as a Stroke, Heart Attack or Cancer…Instead of receiving a get well card from your insurance company, wouldn’t you prefer a Large Tax Free Check? Most of us would take the check over a card any day!
This is why life insurance with “Living Benefits” is much more valuable than a traditional life insurance policy.
Benefits of Term Life Insurance?
Modern Life Insurance
Stop buying life insurance only for death benefits, get quality of life living benefits.
Peace of Mind
Our plans provide peace of mind by offering the value of living benefits built into every product.
From 5 years to 32 years
Renewable term life policies typically run for a shorter term with the option to renew.
$100k to $10 Million
We can help get you covered from $100,000 to $10,000,000. If you’re looking for coverage above $20 million, please give us a call.
We’re proud to protect those who protect our communities
You can work with an agent to find a life insurance policy and can get a personalized, free, and no-obligation life insurance quote in just a few minutes. It’s that easy to start protecting your family’s financial future! Requesting a life insurance quote through AIG Direct is now faster and easier than ever!
With My Term Life Guy, you can get Living Benefits term life insurance coverage for less. Call now and save up to 60% on your term life policy compared to the same coverage through other carriers. That means you can get similar coverage for your money – and that’s always a good thing!
My Term Life Guy & it’s partners have been helping families guard their financial futures for nearly 100 years. Are you ready to join the millions of people who trust us for reliable coverage they can count on?
* Example assumes a 50-year-old male buying a 10-year term life insurance policy, in the Preferred Plus Underwriting Class. The example assumes a 50 year old female buying a 10-year term life insurance policy, in the Preferred Plus Underwriting Class.
How much does Term Life Insurance cost?
Our Provider Network
My Term Life Guy is an Independent Life Insurance Agency working with dozens of top national companies to provide you and your family with the best solution possible.
About My Term Life Guy
My Term Life Guy is a life insurance brokerage that offers the best possible rates for the top term life insurance companies in the United States.
We have helped thousands of people save money on life insurance for the past 30 years. Common conditions like excess weight, sleep apnea, diabetes, high blood pressure, arthritis, and heart disease are some of the issues that have prevented people from applying in the past.
New guidelines are helping those who used to be uninsurable or highly rated. We believe in educating our clients on the rating process to ensure they get the price they deserve.
My Term Life Guy is energetic and will give you the type of service that money can’t buy, so to speak! If you are looking for his type of skills, I recommend you giving him a try. I’m sure if he can’t help, he will point you in the right direction!
The Folks at My Term Life Guy are knowledgeable, helpful and most importantly accessible!
My Term Life Guy is the most knowledgeable and experienced advisor I have ever known in his field. I am a lawyer, and Scott handles 100% of my personal and firm’s business, and I have referred everyone I know to Scott… My family and relatives, my friends, and all of my firm’s clients. I cannot speak more highly of Scott and his staff.
the best of the best and always helpful.
Frequently Asked Question
How Much Coverage Will I Qualify For?
Typically, an individual can get up to 20 times her or his annual income in coverage.
The total coverage amount a person will qualify for often decreases with age, as retirement draws nearer.
For those who are not currently employed, it is still possible to get $50,000 – $100,000 of coverage for items such as final expenses. Unemployed individuals will have to provide information on the application to prove they can afford the premiums, such as disability or retirement income information.
It is possible to get more than 20 times your income for coverage if you have additional assets to protect over and above your income. It is also possible for a homemaker to qualify for the same amount of coverage their spouse has, even without a separate income.
How long does it take to get an insurance policy?
This depends on what kind of policy you apply for.
Typically a No Medical Exam policy can be applied for, approved, and put in force within approximately two business days. No Medical Exam policies are available to clients up to age 60 or so, depending on the insurance company. The coverage amount you can apply for is limited, due to the greater risk the insurance company is taking. (When there’s no physical exam involved, the insurance company has less health information about the applicant.) For healthy applicants, these policies can cost up to twice the rate of a medically underwritten policy. However, there are people who don’t like needles, and the No Medical Exam option is a great one for that reason!
A medically underwritten, or traditional, term policy will typically take about 3 weeks from start to finish. This process can take longer when applicants have health issues and the underwriter orders medical records from their doctor. If this occurs, we let our clients know that they can call and ask their doctor to expedite the submission of the medical records to the underwriter in an effort to speed up the application process.
What kind of payment options
Most carriers have the same rules when it comes to paying premiums on life insurance policies. The only way to make monthly payments these days is to authorize a monthly automatic draft from your checking or savings account. If you prefer not to make automatic payments, there are some other options. You can receive a bill by mail if you elect to pay quarterly, semi-annually, or annually. Most people choose to make automatic payments for their life insurance for the same reason they do for other bills, such as car insurance: they don’t want their policy to be canceled because of non-payment.
Do I have to send a down payment with my applciation?
You do not have to send a payment with your application, unless you want to be covered during the underwriting process (which typically takes about 3 weeks). Most people choose to wait until their application has been approved to make a payment and begin coverage. Once an approval is made, you can make changes to the policy to fit your budget if the rate that comes back is different from the one you applied for. Also, most people want to know the exact cost before making a payment to begin coverage. You do not have to provide billing information on the application, either. That information can be collected after an approval has been made and you’ve decided that you want to begin the coverage afforded by the policy.
If you want to secure temporary insurance and be covered during the underwriting period, simply include a payment for two months’ premium. It’s refundable if you decide not to take out a policy based on the final approved rate.
What if I have pre-existing conditions?
It depends on the pre-existing condition. For example, it’s difficult to obtain life insurance when you’ve had cancer (skin cancer is the one exception) or within 5 years after having a heart attack. On the other hand, it’s fairly easy for people who have high blood pressure, high cholesterol, and/or high blood sugar, such as those with type 2 diabetes, to obtain coverage as long as they are under a doctor’s care and the condition is under control.
There are graded benefit and/or final expense policies available for people with greater health risks. The corresponding premiums will be higher, depending on the severity of the pre-existing condition. It’s often beneficial for an applicant with pre-existing conditions to discuss them with an agent before applying for coverage, to increase the chances of a more favorable approval.
Should I replace my existing life insurance policy?
hat depends on your needs. A person’s needs change over time. Most term life insurance policies have a premium that increases each year after the initial guaranteed level term period. If you are nearing the end of your initial term period and want to lock in a rate that won’t change for another predetermined number of years, it might benefit you to apply for a new policy and replace, or surrender, the old one.