General Information

What is a Quote and is it guaranteed?
Quotes are estimates of pricing prior to health and background evaluation and underwriter approval. Quotes are not guaranteed. After your evaluation has been completed the insurance company makes you a guaranteed offer.

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What is the difference between Agent and Broker?
Agents are contracted salespeople of insurance or financial services companies and sell the company’s products. A broker is an independent affiliate of many companies. Both work with clients to educate, evaluate, select and acquire a suitable and unique company/product for each client.

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What do Financial Ratings Mean?
Ratings agencies provide an indication of financial strength and claims paying ability of an insurance company.

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Can I submit multiple insurance applications for different companies?
Life Insurance 2.0 attempts to do it right the first time; match you with the best life insurance opportunity in the marketplace. If you receive an offer other than expected; we will consult with you and if necessary obtain additional offers and attempt to place your business with the best carrier for you.

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What does it cost to work with Life Insurance 2.0?
There are no costs or fees to work with our firm. The company you choose as your insurance carrier will compensate us.

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Primary & Contingent Beneficiaries?
Primary beneficiary is the first to receive the death benefit of the life insurance policy. Contingent or secondary beneficiary is designated to receive the death benefit next.

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What Determines My Premium?
Coverage amount, policy type, age, exam and lab results, medical records, personal background, family history, driving record, hazardous activity, foreign travel.

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Can I increase my coverage later?
Increasing coverage is purchasing new coverage. You need to be re-evaluated for additional coverage.

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