Lorenz Insurance Services

01/17/2024

Confused about Medicare?

I have a simplified approach to explaining Medicare. Especially for those beneficiaries that are new to Medicare or for those that are aging into Medicare.

I also have access to all of the plans in most areas and can explain the benefits and perks of each plan.

Call today for a plan review and
for enrollment help!

Open Enrollment Period ends on March 31.

Bill Lorenz - Agent
(949) 394-7676

NPN: 7484801

20 years of life insurance experience, helping families. I will shop your rates with all A+ rated life insurance companies

Providing help with

- Non-Medical Exam Policies
- Term Life Insurance
- Indexed Universal Life
- Policies with Disability Riders

12/29/2023

Do you have a company offered group life insurance policy? Great! It's usually free or at least very affordable. BUT HOLD ON! You have no control over this policy. It is OWNED and OFFERED by your company. They can take it away just easily as they offered it and if your health took downturn alongthe way, you may find yourself uninsurable.

DON'T TAKE THAT RISK! Call or contact me today and lets add an individually owned life insurance policy that nobody can ever take away from you, until YOU say so.

Call today!

Bill Lorenz (949) 394-7676.
NPN 7484801

12/21/2022

The U.S. government recognizes the importance of wellness in the workplace and right now they are rewarding companies who offer a wellness plan!

Contact me to learn how to institute a wellness plan at your company, through the ACA participatory wellness program. No-out-of-pocket costs to employer or employees...

BONUS: Also, get workers comp and F**A Tax reductions for California companies.

Contact me at (949) 394-7676

12/07/2022

Are you a business owner and find it cheaper to pay fines than offer health insurance to your employees?

We have GOOD news for you! Not only do we have a solution to make you ACA compliant, but it will save you more money than traditional health insurance and ACA non-compliance funds!

Schedule a no-obligation free call with us today!

Bill Lorenz - (949) 394-7676
[email protected]

11/09/2022

The Affordable Care Act has its good points and bad, but there is one often overlooked benefit that business owners must know about... tax advantaged wellness benefits

04/05/2022

If you would like to receive periodic short emails with powerful life insurance tips, please visit the page link below. The link below also has a very important video concerning group life and the mistakes that you MUST avoid. Plus a free book!
http://life-info.subscribemenow.com/

04/01/2022

Employer offered group life insurance is usually free but is normally only about $25,000 or $50,000 in coverage.

The big downside to group life however is that your EMPLOYER owns the policy, not YOU. You have no control over that policy and if your health goes bad before you get an INDIVIDUAL POLICY that YOU own, then you may lose your ability to get life insurance forever. Don't take that risk with your family's well-being.

Get my free book: http://tinyurl.com/ownindividuallife

Group Life Insurance versus Term Life Insurance. Learn the in's and out's of life insurance so that you don't make any irreversible mistakes along the way. Own your own life insurance policy so that nobody can take it away from you.

06/10/2021

Have you done a life insurance policy review lately?

I am happy to do a free policy review for you. The easiest way to reach me is on Facebook Messenger.

Why review your policy?

1) To make sure your contact information is up to date.

Information such as your current address and phone number. I did a policy review yesterday and her address had changed 14 years ago. She was not receiving any correspondence from the carrier for 14 years. Should she have had a hiccup in automatic premium payment (bank draft), she would not have received the notification from the carrier and her policy could have lapsed.

2) Are your beneficiaries correct?

How important is this! What if your Ex-spouse is still listed as your beneficiary. (Ouch!) It has been known to happen. Nuff said...

3) How much time do you have left on your term policy?

You should know how many years are left... When doing these reviews, often times people think they have more time left than they do. It is important to know how much longer your policy will last. If you need it to go for a longer time, sometimes it's best to replace it before the end. For example, a 55 year old may have a policy that expires in 6 years at age 61. However at age 61, the price will be much higher and if there are any changes in health, may not even qualify!

4) Is your policy performing well?

If you own a Universal Life policy, it is important to understand if the cash value is building sufficiently. Think of the cash value as the amount of gas in your car. You need enough gas to get you to your destination. In the life insurance world, your destination is the goal to make the policy last to the end of your life. Your policy should be properly funded (premium payments) to reach your goals. An agent can help you determine if your policy will accomplish your goals and can help you make adjustments as needed.

5) Is a "term conversion" a good option for you?

Most all term policies have an option to convert them to a permanent Universal Life policy that never expires. This may be something to consider. Especially if your health has changed and you will not be able to qualify medically for another term policy ever again. Converting may be your best and only option for continuing to have life insurance. I can help you understand the conversion process and to see if it is a good idea.

Again, send me a FB Message if you would like a free policy review.

William Lorenz
Agent

Lorenz Insurance Services

06/05/2021

How Term Life Insurance Works
A Refresher Course

Term Life Insurance is the most popular type of life insurance because it is very inexpensive. You can buy very large face amounts of term life coverage versus a permanent form of life insurance such as Universal Life.

Why is this? Well for starters, the insurance company knows statistically that you will outlive your term policy. But it is designed to replace your income during your working years, should the unthinkable occur.

Term life typically comes in 10, 15, 20, or 30 year terms. What does the term length mean? Well the day your policy is issued, the clock starts. You pay the same low premium for the entire length of the term. When the term is up, the policy will need to be replaced.

The mistake some people make is that they think the policy becomes paid up after the term and no more premiums are due after the term is up (sort of like an auto loan or home loan). Then they are disappointed to learn that the price has really gone up, when they receive the renewal premium notice. At that point their only hope is that they still qualify for another term policy at an affordable premium.

This is why it is important to do regular policy reviews with a qualified agent. You may have choices to just letting your policy renew and lose it. For example it may make sense to apply for a new term before the one reaches it's renewal. However if you are going to reapply, you should consider this option before you get too old or too sick to re-qualify.

Most term policies also have a conversion option toconvert the policy to a permanent Universal Life policy that never expires. And NO additional underwriting is needed to do a conversion!

I would be happy to do your life insurance reviews with you. Contact me anytime for a policy review at (949) 394-7676.

William Lorenz Insurance
CA Lic. 0D61899

Lorenz Insurance Services

06/04/2021

Medicare 101

Are you getting ready to hit your 65th birthday? Is your mailbox filling up with Medicare brochures? Are you starting to feel a little bit overwhelmed about the big healthcare decision that looms in front of you?

NO WORRIES... I have the all answers to your burning questions. I have been helping seniors with Medicare plans for the past 15+ years.

For a complete personalized education on your Medicare choices, please contact me on my page for a FREE Medicare 101 educational help session.

Please share this post if you know someone that can use my help. I’m offering my personalized assistance and education of Medicare products, as well as asking for the opportunity to be your lifelong agent and Medicare resource. Thank you!

William Lorenz Insurance
CA Lic. 0D61899

Lorenz Insurance Services

06/03/2021

Don't make this critical life insurance mistake

I had a client tell me that she needed to buy a life insurance policy for herself, but her husband didn't need one because he was covered at work.

This is a dangerous situation. First of all can you imagine having a family that relies on your primary income and you don't have life insurance? That would be a recipe for disaster.

Now lets talk about that company life insurance group policy that so many people rely on...

First of all, it is a benefit that your company does not have to offer you. They can take it away from you just as quickly as they offered it to you, should business take a bad turn.

If you get laid off or find a better job that doesn't offer any life insurance (or only a token amount), you would find yourself uninsured. To illustrate my point, think of all the people that lost their jobs due to COVID. How many of those people lost their company issued life insurance due to COVID, and what a BAD TIME to lose it!

When you retire, guess what, you lose your insurance. Do you see a pattern building here?

Let's say you lose it for one of the above reasons. No biggie right? You'll just go get a term policy at that point, right? Well maybe... but what if while you were working for your company with all those great benefits, your health took a bad turn, like cancer, stroke, a heart attack or diabetes. Now, should you lose your policy at work for one of the above-mentioned situations, you no longer qualify for a personal life insurance policy. You now have NO life insurance in force.

Why not avoid all that doom and gloom and just purchase a term policy on the open market that you have COMPLETE CONTROL of. That's the safe move. And oh by the way... if your company wants to also offer you a dirt cheap group life insurance option at work, it may make sense to accept it, but the bulk of your coverage should always be 100% under YOUR CONTROL.

William Lorenz Insurance
CA Lic. 0D61899

Lorenz Insurance Services

06/01/2021

My specialty is life insurance. Please call for help getting a policy.
(949) 394-7676.

Steps to get a policy...

1) Discuss needs and current health situation with agent

2) Agent runs quotes with the most affordable A+ rated
companies in your state. Quotes are discussed and a
carrier and product is selected

3) Determine if you qualify for a non-life-insurance-exam policy

4) If needing exam, Agent to set up your exam date and time.
Exam is completed on selected date.

5) Comple an electronic application with agent

5) Docusign your electronic application

6) eApplication is submitted to the carrier

7) Carrier contacts agent with the approval level
(e.g. Preferred Plus, Preferred, Standard, etc,)

8) Agent presents various options with approved pricing

9) Client makes a selection. Agent contacts carrier with
client's policy selection (face amount, term length, etc.)

10) Carrier issues policy per client's policy selections

11) Initial payment is drafted and policy is placed in-force

12) Agent delivers policy. Client is fully insured.

William Lorenz Insurance
CA Lic. 0D61899

Lorenz Insurance Services