Just the thought of finding the right life insurance can be overwhelming. Still, this cannot be avoided as it is an important decision for everyone. There are certain guidelines to be kept in mind in order to find the best life insurance option.
Freedom Life Insurance suggests a term life insurance in case it is required for any fixed period of time. In fact, the term policy duration can be matched to the need’s length. This is a perfect life insurance for those who wish to ensure that there are funds for the college education of their young kids. It is a good option for those who would like to repay their debt in a specific period of time. Hence a term policy can be bought for that period.
For those having a limited budget, a big amount of life insurance is needed. This type of insurance will pay off only when the insured dies while the policy term is still going on. In this case, the death benefit will always be lesser than any other kind of permanent life insurance. Once the term ends and the insurer is still alive, coverage will stop. Then the policy will have to be renewed or else, a new policy may have to be bought. But this will not help to build equity through cash savings, the way it is with permanent insurance.
The “convertible” term policies from Freedom Life Insurance are for those who feel that their life policies may change. In this, it is possible to opt for permanent insurance without the need to go for a medical examination. This is managed by paying higher premiums.
In case of Freedom Life Insurance or any other insurance, the premiums will be lowest when the insured is young. These will increase upon renewal as the insured ages. There are certain term insurance policies that can be renewed once they end, but their premium will increase. Other policies may require a medical examination in order to be renewed.
Permanent life insurance is for those who require life insurance for as long as they are alive. Check more: https://www.crunchbase.com/organization/ushealth-group#/entity
Troy McQuagge is the Chief Executive Officer (CEO) of USHEALTH Group. Mr. McQuagge has been named the Gold Winner as CEO of the Year, awarded by the One Planet Awards. Organizations worldwide are eligible to submit nominations including start-up enterprises, non-profit, for profit and public and private business entities. One Planet is considered the premier awards programs that recognize professional and business excellence in all industries worldwide.
Mr. McQuagge joined USHEALTH in 2010 and began a rebuilding process. The success he achieved rebuilding the company led to his election to become CEO and President of USHEALTH Group. Under his leadership the company has experienced tremendous growth, as well as profitability in the individual health insurance market. McQuagge was honored to win the award and acknowledged the award belongs to everyone. The award is a testament to the company’s commitment to provide solutions for customers who are searching for insurance affordability.
USHEALTH Group, Inc is an insurance holding company based in Fort Worth, Texas. The company provides innovative health coverage solutions for small business owners, self employed individuals and families. The company utilizes a combination of the talents of its team and agents to bring to the market competitive insurance products while remaining profitable.
McQuagge has taken on challenges in the insurance industry for more than 30 years. Before taking up with USHEALTH GROUP, he served as CEO and President of HealthMarkets Agency Marketing Group. He also found employment opportunities at Allstate Insurance and UCI/Health Market. With his number of years in the insurance industry, he brings a wealth of experience on both the sales and administrative side of the industry. He doesn’t feel insurance is his business, but people who need insurance coverage is his business.
In addition to the One Planet Award, he has also been recognized and honored with several other awards including “CEO of the Year” and “The Most Innovative CEO of the Year” awards given by the CEO World Awards. The company has received an award called the Silver Stevie Award for the “Field Sales Team of the Year” and the “Sales Growth Achievement of the Year.” They were also honored as the “Company of the Year” by the Golden Bridge Award.
Troy McQuagge is originally from Panama City, Florida and was educated at the University of Central Florida where he received a Bachelor of Arts (BA) degree. He is also vested in his community where he feels it is important to give back to his community to repay some of the goodness he has received over the years. He not only supports charitable causes financially, he also volunteers his time, as