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Top 5 Mistakes People Make Regarding Their Life Insurance

1/6/2014

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1) Applying for absolute lowest term rate without consideration of other benefits like conversion/extension option or living benefits.

2) Applying for an inferior amount of coverage. For example, if breadwinner of family dies prematurely will you have enough money to replace his or her income or will you have to sell your home, downsize, cut costs dramatically? What about future expenses, college tuition, mortgage payments, etc.

3) Assuming that the life insurance rate for which you qualify is the best available to you. Every insurance company underwrites a little differently. Since 1969, we have saved our clients hundreds of thousands of dollars by re-shopping their life insurance after an initial “higher than expected” approval.

4) Not reviewing old life insurance policies. Rates and products are constantly changing and term life and permanent insurance rates are at all time lows. The best rates available to you now may be significantly lower than what you are currently paying on existing policies. We review all of our client’s policies periodically to see if any savings or a better policy may be available.

5) Lapsing or canceling any term life insurance or permanent insurance policy before finding out what the policy may be worth in the Life Settlement market. Many term policy holders age 70 or older may be able to “sell” their term policies for cash and permanent insurance policy holders may be able to get more money than their cash surrender value.

Visit www.americanterm.com for the best life insurance rates and value!
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Welcome to my world!

1/4/2014

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I'm Gordon E. Conwell, Jr. I started my career in financial services in 1969 and later founded the family business. I'm proud of my family and the family business we've built together. We have wonderful clients and enjoy solving problems for them. It's rewarding and joyous work!

I'll be sharing my thoughts about life, liberty and the pursuit of happiness here on these blog pages. The best way to know when something new has posted is to "connect" with us on social media. Just use the "connect" icons on this site. And if you wish to share any of my blog posts with friends or family, just look for and click the "share buttons" underneath each post.

Wishing you a wonderful, prosperous and very Happy New Year!
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Company Founder, Gordon E. Conwell, Jr. (G2)
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    Author

    Gordon E. Conwell Jr. (G2) is a Certified Financial Planner practitioner (CFP), Chartered Life Underwriter (CLU), and a Chartered Financial Consultant (ChFC). He is Conwell Associate's foremost specialist on life insurance and related fields, and is also a strategic coach for individuals and businesses. His reflections on life, learning, and legacy should be an inspiration to us all.

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Conwell Associates
6001 W. Valley Green Road/P.O. Box 227
Flourtown, PA 19031


Toll Free: 1-800-380-3533
Phone: 215-836-7845  
Fax: 215-836-0828
Gordon E. Conwell Jr. (G2) [email protected]

Gordon Conwell III (G3)
[email protected]
 
Nancy Conwell [email protected]

Nancy Peppelman
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Sister site for life insurance quotes: www.americanterm.com