Policy Reviews and The Stratus Difference
Life insurance policies need to be reviewed. Earlier generation Life policies used to have unconditional guarantees. You could count on them to be there when needed. Unconditionally. The overwhelming majority of modern, “permanent” insurance policies, however, don’t do that. Their guarantees are conditional, and the language is complex. In itself, that’s neither good nor bad...
Can You Have Multiple Life Insurance Policies?
Purchasing life insurance is a great way to protect your spouse and children from monetary loss should something happen to you. The payments can help cover debts, living expenses, and medical or final expenses, as well as providing financial security. But can you have multiple life insurance policies? The short answer is yes. You can...
How to Reinstate a Life Insurance Policy
Many families are struggling just to pay their bills today as inflation remains high and interest rates climb. When forced to choose between paying for groceries or rent and something larger like life insurance, it’s no wonder they might have missed a payment or let their policies lapse. But buying a life insurance policy is...
Helping You Help Your Clients
Here at Stratus, we foster relationships with people from all walks of life. From Fred, who just wants to protect his family in the event of his passing; to John, an attorney who wants to be sure his clients are best served in every way possible. Today, we’re going to share some of what we...
Life Insurance Recommendations by Age
Consider life insurance as an investment in your future as well as that of your family’s. A life insurance policy is a way to provide money to your beneficiaries when you die in exchange for the premiums paid during your lifetime. When should you purchase a life insurance policy? Two of the key factors that...
3 Popular Reasons People Avoid Getting Life Insurance
Not everyone’s ears perk up when life insurance is brought up in a conversation. There are a lot of misconceptions about life insurance that deter people from taking advantage of its amazing purpose. It’s easy to see it as a burden or an expense rather than a protection or an investment. “I don’t have any...
Using Analogies to Explain Life Insurance Options
Do you have trouble understanding life insurance? You’re not alone. Multiple research studies have found that today’s complex insurance plans, with intricate cost calculations and complicated legal language, cause problems for policyholders who want to understand and have more control over their policies. One way to understand difficult life insurance concepts is by comparing them...
When Would I Need More Than One Life Insurance Policy?
Life could be so much simpler if we just needed one of everything. Why do we need more than one shirt, credit card, television, airline company, or burger place? Is it necessary to have more than one of anything? If everything stays frozen in time, one life policy will work just fine. If you take...
Life Insurance Can Still Be Affordable Even If You Have Chronic Pain
I know a thing or two about pain. Every once in a while, I get a flare-up of an old injury. Are you a sufferer too? You’re already going through enough if you have constant pain; your life insurance rate shouldn’t be a headache too. Stratus Financial Partners wants to debunk the myth that chronic...
The Biggest Misunderstanding When Evaluating Life Insurance Policies
When it comes to life insurance, the word “guarantee” may have different meanings. The first question that should be asked? “Is the guarantee conditional or unconditional?” Here’s why: Problem There’s hardly ever a problem when a policy has unconditional guarantees. “If you pay this premium, we will pay this death benefit to your age 120”...