Best Life Insurance Companies in Sunrise

Frequently Asked Questions

• How will it be determined whether you are eligible for Sunrise life insurance?

  Underwriters at the insurance company will thoroughly review your application to determine whether you are eligible for Sunrise life insurance coverage. They will also assess your risk level based on a variety of factors such as your medical history, driving record, and lifestyle habits. You can consult an advisor to receive personalized advice and assistance in selecting the best coverage for your specific needs and preferences.

• Where can you find your family member's lost life insurance in Sunrise?

  Begin by reviewing your deceased family member's personal records for any relevant documentation on their Sunrise life insurance. You can also consult with the State Controller's Office, which is the governing body that keeps track of insurance companies' no-activity policy accounts. If you are still unable to locate the insurance, you can use the National Association of Insurance Commissioners' Life Insurance Policy Locator service, which can help you find the policy anywhere in the country.

• Is there an available life insurance arrangement for your employer to help pay for your policy in Sunrise?

  Group life insurance is a common benefit provided by Sunrise employers. If your company does not provide that benefit, or if you require alternative coverage, you can work out a deal with your boss to finance your life insurance. In such cases, your employer may assume responsibility for all or a portion of the premiums, entitling them to a death benefit based on the premiums they paid and distributing the remainder to your beneficiaries.

• Do you really need life insurance in Sunrise if you do not have dependents?

  Even if you have no dependents, obtaining Sunrise life insurance can be advantageous if you have outstanding debts such as private student loans, car payments, or mortgages. This will allow you to settle any debts you may have accumulated after your death and keep your family or friends who may have co-signed for your loan from being saddled with financial obligations. Furthermore, life insurance can provide additional financial support for unexpected illness, retirement, and death expenses.

• Will life insurance be included in probate in Sunrise?

  A life insurance policy's death benefit in Sunrise will be paid directly to the named recipient without the probate process. Provision for probate cases will arise in the event of the following circumstances:

  • Absence of a named beneficiary in the policy.
  • The sole beneficiary predeceases the policyholder or passes away before the benefit is disbursed.
  • The designated beneficiaries are not the same beneficiaries identified in the decedent’s will.

• Which is better, term or whole life insurance?

  Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

• How much life insurance do I need?

  A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.