First licensed in 1978, Robert M. Coleman-Calif. License #0563687, does business as Term Insurance Agency and Coleman Insurance Services. He worked as a direct agent for Great-West Life Assurance and Metropolitan Life before becoming a general agent. The focus of his agency sales and service is on life, health, disability, dental, annuities, long term care, worldwide emergency medical coverage, retirement planning, and Medicare (Medigap) plans for individuals, families and small business owners.
Bob Coleman, known as "The Insurance Man", uses the motto: "Insurance Designed To Last A Lifetime." Bob says, "I carry a Medicare insurance ID card. So, for me, there is a special interest in Medicare and Medigap insurance coverage and its future funding. As an online resource tool, Bob Coleman provides the following websites: terminsuranceagency.com, and colemaninsurance.com.
Medicare beneficiaries will find Bob Coleman helpful in meeting their need for financial security in their elder years.
Bob Coleman, known as "The Insurance Man", uses the motto: "Insurance Designed To Last A Lifetime." Bob says, "I carry a Medicare insurance ID card. So, for me, there is a special interest in Medicare and Medigap insurance coverage and its future funding. As an online resource tool, Bob Coleman provides the following websites: terminsuranceagency.com, and colemaninsurance.com.
Medicare beneficiaries will find Bob Coleman helpful in meeting their need for financial security in their elder years.
Services
If you count yourself among the computer tech savvy, able to navigate the Internet, use email and make purchases online, you're ready to get the right kind and amount of life insurance to meet your needs.
Follow a few steps to be prepared with the information you need to calculate the amount you need, select the type of life insurance plan to meet your financial needs, and apply for the coverage-all online.
Answer the questions about your household and financial status in the calculation tool form.
Follow a few steps to be prepared with the information you need to calculate the amount you need, select the type of life insurance plan to meet your financial needs, and apply for the coverage-all online.
Answer the questions about your household and financial status in the calculation tool form.
Final expense life insurance is designed for individuals needing simplified or guaranteed issue coverage because of health or other underwriting impairments which prevent them from obtaining standard life insurance.
In the case of guaranteed coverage, the full death benefit may not be available until the third year of coverage at amounts as low as $2,000 or up to $100,000 or higher.
Issue ages range from 0 to 80, or even age 85 with some benefit limits.
People are living longer, and may have outlived their term life insurance plans issued when they were younger with a mortgage and family to support.
In the case of guaranteed coverage, the full death benefit may not be available until the third year of coverage at amounts as low as $2,000 or up to $100,000 or higher.
Issue ages range from 0 to 80, or even age 85 with some benefit limits.
People are living longer, and may have outlived their term life insurance plans issued when they were younger with a mortgage and family to support.
Did you know your life insurance policy is an asset you own?
It is just like your car or house.
The Insurance Studies Institute estimates that 500,000 seniors a year will lapse their life insurance policies, walking away with little or nothing and leaving behind almost $100 billion in benefits.
Why?
The short answer is because the policy is no longer wanted, needed or affordable, and people do not know there is another option.
Like any asset, a life insurance policy can be sold.
But why would anyone want to sell their life insurance policy?
It is just like your car or house.
The Insurance Studies Institute estimates that 500,000 seniors a year will lapse their life insurance policies, walking away with little or nothing and leaving behind almost $100 billion in benefits.
Why?
The short answer is because the policy is no longer wanted, needed or affordable, and people do not know there is another option.
Like any asset, a life insurance policy can be sold.
But why would anyone want to sell their life insurance policy?
1. Deposit a lump sum into a single premium annuity and take systematic withdrawals to pay policy premiums.
For instance, to pay a ten pay policy, make ten annual withdrawals to pay premiums.
Most annuities allow a 10% annual withdrawal without incurring penalties.
An IRA can be used, but there are penalties if withdrawals are made before age 59 1/2.
2. Use a modified endowment contract life insurance policy with a single deposit sufficient to fund a long term care rider.
This strategy has the advantage of providing a death benefit, long term care funds, or the return of premium deposit less any loans or withdrawals.
For instance, to pay a ten pay policy, make ten annual withdrawals to pay premiums.
Most annuities allow a 10% annual withdrawal without incurring penalties.
An IRA can be used, but there are penalties if withdrawals are made before age 59 1/2.
2. Use a modified endowment contract life insurance policy with a single deposit sufficient to fund a long term care rider.
This strategy has the advantage of providing a death benefit, long term care funds, or the return of premium deposit less any loans or withdrawals.
As part of your application for life insurance, a medical exam and health history questionnaire will be completed.
The exam will be conducted at a time and place-office or home-convenient to you.
Insurance companies use professional vendors called "paramed examiners" to collect the required data.
Expect to provide a blood and urine specimen, saliva swab, be measured for height and weight, a blood pressure test via cuff device, and a resting EKG reading via portable electronic device.
If over the age of 60 or as determined by the underwriter, your exam may include a cognitive test to determine signs of senile dementia, Alzheimer's disease, or other cognitive impairment.
The exam will be conducted at a time and place-office or home-convenient to you.
Insurance companies use professional vendors called "paramed examiners" to collect the required data.
Expect to provide a blood and urine specimen, saliva swab, be measured for height and weight, a blood pressure test via cuff device, and a resting EKG reading via portable electronic device.
If over the age of 60 or as determined by the underwriter, your exam may include a cognitive test to determine signs of senile dementia, Alzheimer's disease, or other cognitive impairment.
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