BFF Enterprises, 932 Laura Str, Clearwater, FL (2026)

09/25/2022

𝗙𝗮𝗶𝗹𝗶𝗻𝗴 𝘁𝗼 𝗦𝗲𝘁 𝗮 𝗥𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗚𝗼𝗮𝗹

Setting goals is essential whether you're attempting to improve your parenting skills, acquire a degree, expand your business, or lose weight. Sadly, a lot of people make the error of failing to establish goals for retirement planning.

If you don't have a target in mind, it's difficult to pursue something for 30 or 40 years. It is far more obvious to want to accumulate $2.5 million by the time you are 65. Even if you may not succeed, the fact that you have a goal increases the likelihood of success.

You may create proactive objectives and make wiser decisions now and in the future by taking stock of your financial condition and determining where you want to be when you retire.

09/18/2022

𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗧𝗵𝗮𝘁 𝗔𝗳𝗳𝗲𝗰𝘁 𝗟𝗶𝗳𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗖𝗼𝘀𝘁

Life insurance can be a great financial safety net, but it’s also something you may be making payments on for many years. It’s therefore important to find the most beneficial policy for the most affordable cost. After all, it negates the whole point of getting insurance in the first place if it lapses because you can’t pay for life insurance cost.

There are numerous life insurance companies, term lengths, and coverage amounts to select from. Price will, of course, play a role in your decision and may influence the kind of policy you pick. It’s best to work with an independent agent to get life insurance at the most competitive prices.

There are two basic types of life insurance:

Term life insurance: Term life insurance is the more affordable of the two options. It provides coverage for a predetermined period without accruing cash value. Just to give you a rough idea, if you’re a woman in your 40s who doesn’t smoke, you may on average expect to pay $83 per month for a $1 million policy on a 20-year term life insurance policy. The same policy will cost approximately $20 extra each month if you’re a man.

Whole or universal life insurance: Whole life insurance, on the other hand, lasts a lifetime, and includes a cash value component that enables you to borrow against your policy or withdraw money in the future. Permanent policies likely cost more than term life insurance because of the cash value and the potential for a longer coverage duration

Amount of coverage
The amount of coverage refers to the face value of your policy. An insurance policy for $1 million will cost more than one for $250,000 or $500,000.

Term Length
If you choose term life, the longer the term (30 years as opposed to 20, for instance), the higher the premium will be.

Your health, demographics and Lifestyle
Age: The cost of premiums increases by an average of 4.5% to 9% each year you delay buying a life insurance policy.

Gender: Due to their longer life expectancies, women typically pay less for life insurance than men.

Health: Your rates are significantly impacted by your health. In general, your rates will be lower the healthier you are.

Hobbies and lifestyle: If you smoke or participate in risky hobbies like skydiving or rock climbing, your insurance rates will increase.

Life Insurance Policies and Transgender Applicants
There is currently no set policy regarding transgender applicants in the life insurance sector. Although it is up to the underwriter to decide, insurers usually issue coverage based on your current gender rather than the one you were assigned at birth. Your rates won’t change as a result of transgender change surgery. It’s against the law for insurance companies to discriminate against transgender people.

To learn more book a discovery call with one of the agents : https://bit.ly/3P5sjdS

Tampa, Florida

09/18/2022

𝗙𝗹𝗼𝗿𝗶𝗱𝗮 𝗟𝗶𝗳𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗟𝗮𝘄𝘀

Florida life insurance laws are regulated by Title 37 of the Florida Statutes.

Insurance companies in Florida are also required to have anti-fraud departments.

If you’re purchasing life insurance in Florida, here are some things you need to know:

Florida law requires insurance carriers to find and notify any of the beneficiaries within 120 days of acknowledging the death of the insured. If they aren’t able to locate any of the beneficiaries, then the proceeds go to the Florida state government until the required beneficiary is found.

A 10-day “free-look” period is provided by most life insurance companies in Florida. This gives the potential policyholder time to cancel their coverage/get a refund of the premiums paid.

A 30-day payment grace period for a policyholder in Florida ensures that the insurance company does not cancel the policy during that time frame.

If the death benefits aren’t paid by the company to the beneficiary within 30 days, then the amount goes to accrued interest from the date of death.

As an insured, your beneficiaries can claim death benefits, even if the insurance company goes bankrupt. This is backed up by the Florida Life & Health Insurance Guaranty Association.

There will be guarantees of up to $300,000 for death benefits that are lost, and $100,000 for lost cash surrender value under the Florida Life & Health Insurance Guaranty Association.

To learn more book a discovery call with one of the agents : https://bit.ly/3P5sjdS

09/17/2022

𝗔𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲𝘀 𝗼𝗳 𝗟𝗶𝗳𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲

Having the right life insurance is essential to planning for your present and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities

09/15/2022

𝗦𝘂𝗽𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝗹 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲𝘀

Your primary health insurance may not cover all expenses. Supplemental insurance policies can help you pay for out-of-pocket medical expenses such as copays and deductibles when a serious illness or accident happens.

09/12/2022

𝗧𝗵𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝘀𝗲𝗽𝗮𝗿𝗮𝘁𝗲 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀

Ideally, we would recommend both spouses get a separate life insurance policy.

Going separate, for one, ensures each policy is tailored to each spouse and their financial situation, not just now but also in the future. For instance, if you and your spouse decide to buy a house and get a mortgage together, one of you might take on the mortgage payments while the other covers the expenses of managing your household. You may also choose different life insurance policies that reflect your respective incomes to maintain the same standard of living for your significant other.

09/12/2022

𝗝𝘂𝘀𝘁 𝗺𝗮𝗿𝗿𝗶𝗲𝗱? 𝗡𝗼𝘄’s 𝗮 𝗴𝗼𝗼𝗱 𝘁𝗶𝗺𝗲 𝗳𝗼𝗿 𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲

The insurable interest defined earlier is a prerequisite for a type of life insurance known as “joint life insurance.” Such policies can be “first to die,” i.e. pay out to the beneficiary when the first spouse dies, or “second to die,” i.e. pay out when both insured parties die.

The former can be practical because it involves just one policy that ensures a payout for the other party regardless of circumstances. “Second to die” policies typically don’t involve spouses as beneficiaries, but instead protect extended family members like grandchildren. Most people won’t benefit much from joint life insurance, unless one spouse cannot be insured due to a health condition—in which case the policy is calculated based on the healthy spouse.

09/10/2022

𝗛𝗼𝘄 𝗟𝗶𝗳𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗪𝗼𝗿𝗸𝘀?

f you’re like most American adults, chances are high that you’ve heard of life insurance and know that it’s something you need.

But what is it exactly, and how does life insurance work?

Life insurance is a way for you to leave money to people you care about in the event of your death.

At its basic level, it’s an agreement between you and a life insurance company. You agree to pay them and in turn, they provide you with insurance coverage. You can think of it like a subscription service: as long as you pay premiums, you’ll be covered.

09/07/2022

𝗕𝘂𝘆 𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝘄𝗵𝗶𝗹𝗲 𝘆𝗼𝘂’r𝗲 𝘆𝗼𝘂𝗻𝗴!

People think they’re locking themselves in when getting life insurance. In fact, it’s quite the opposite: the insurance company is the one committing to a set price to the customer for years to come. Take advantage of that fact and buy life insurance while you’re young, as waiting will almost always end up being more expensive.

Plus there’s no guarantee you’ll be eligible to get a policy later, too. You’re not only locking in a good price, but your good health as well.

09/06/2022

𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗱𝗼 𝗜 𝗻𝗲𝗲𝗱?

How much you should buy really depends on your goals and budget. In the end it’s all about figuring out how much risk you can afford to take off the table.

09/05/2022

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘀𝘂𝗽𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝗹 𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲?

It’s a term life policy you can buy through your employer. Many workplaces offer group life insurance, but since the benefit amount is typically too low to cover dependents who rely on you (usually a max of 1-2x your annual income), some employers give workers the opportunity to buy an extra policy to supplement it.

Compare the price of a supplemental term life policy with what you’d pay by getting term life on your own. Even if it’s cheaper for the same amount of coverage and same length of term, there’s a risk to keeping life insurance connected to your workplace. If you move on from that employer in the future, you may have to buy a new policy at a later age, potentially making it more costly or even unavailable if your health has changed.

09/04/2022

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗰𝗵𝗲𝗮𝗽𝗲𝘀𝘁 𝘄𝗮𝘆 𝘁𝗼 𝗴𝗲𝘁 𝗹𝗶𝗳𝗲 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲?

The simplest and most affordable type of policy is term life insurance, which is adequate for most people. It covers you for a predetermined number of years when you have financial responsibilities or dependents, such as paying off a mortgage or raising children.

BFF Enterprises

09/25/2022

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