Brandon Thomas Insurance Services is a brokerage that is focusing on life and health products, We are licensed and appointed in Michigan,
Virginia, Maryland, Georgia, Texas, Nevada, California, North Carolina, South Carolina, Lousiana, Florida, Ohio, and Colorado Our goal is to provide
our clients with the best information and products because insurance is key in having a strong financial foundation.
WHAT IS THE DIFFERENCE BETWEEN TERM AND PERMANENT INSURANCE?
Term insurance will last for a specified term period which can be 10, 15, 20, and 30 years lengths. Price is locked during the
entire term and term insurance is cheaper than permanent. Permanent insurance will last you a lifetime, it also comes with
cash value savings that can be used by the insured as an additional bank account. Permanent is more expensive than term
WHAT IS A DEATH BENEFIT?
The death benefit also called a “face amount” is the money from your life insurance policy that your loved ones will inherit after
you pass.
WHAT IS CASH VALUE LIFE INSURANCE?
Cash value savings are associated with permanent life insurance, as you pay your monthly premiums, some of that money is
being put to the side and earns interest year by year, the insured can withdraw or take a loan out on their policy. Cash can be
used for anything the insured wants or needs
ARE THERE LIVING BENEFITS WITH TERM INSURANCE?
YES! Term and permanent insurance come with living benefits that can be added to your policy. For example, you can add an
accidental death rider that will double your death benefit in the case of accidental death, another example would be accelerated
death benefit in the case of a terminal illness, with that benefit you can use your insurance policy to pay for medical expenses
in the case you get a terminal illness.
HOW MUCH IS LIFE INSURANCE?
Your life insurance quote will depend on your age, health, gender, and the amount of life insurance you want
THE PROCESS TO GETTING LIFE INSURANCE?
The process is simple, first, you reach out to us for a quote, then we do an application for you, and then the underwriting process
starts to get you approved!
WHAT ARE MEDICAL EXAMS IN LIFE INSURANCE?
Some insurance policies to require a medical exam. This is having a nurse come out to you to ask medical questions and to
check blood and urine. These are pretty quick
WHAT IS UNDERWRITING?
This is the process of determining your risk to the insurance company. Underwriters will look at your age, gender, health, and
criminal history to determine if you will be accepted or not
CAN I GET INSURANCE ON MY KIDS(OTHER FAMILY MEMBERS)?
Yes! You can be the owner of a policy on another loved one, they have to be aware and sign it though
HOW LONG DOES IT TAKE FOR LIFE INSURANCE TO GET APPROVED?
This will depend on your policy and how quickly we(us as the agent and you as the insured) can handle any kind of special
requirements. Some policies can be accepted in a matter of a few days, some can take up to a month.
DIFFERENCE BETWEEN BURIAL(FINAL EXPENSE) AND LIFE INSURANCE?
Burial insurance has lower death benefits which would be less than $50,000, no medical exams required, and these usually
get accepted very fast. With life insurance the death benefits are higher usually start at $100,000, some policies will need a
medical exam, and there are more options with life insurance.
WHAT IS A DEDUCTIBLE FOR HEALTH INSURANCE?
A deductible is the dollar amount you have to hit before your insurance actually kicks in
WHAT IS THE AVERAGE DEDUCTIBLE LOOK LIKE?
The average deductible for health insurance would be around $5000, anything over that is considered too high, anything
lower than the would-be considered good or great
WHEN IS OPEN ENROLLMENT FOR AFFORDABLE CARE ACT HEALTH INSURANCE?
Can change year to year but is usually November 1st until December 15th
CAN I GET HEALTH INSURANCE OUTSIDE OF OPEN ENROLLMENT?
Yes! There are options outside of the health insurance marketplace that you can look into, you can also qualify for a special
enrollment on the Affordable Care Act marketplace if you just got married, divorced, moved counties, had a child, or lost
coverage. All would have to be within a 60 day period.
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