Life Insurance from Cave & Chaney – FAQ’s
Can I pay my premiums with a credit card?
Yes, with most carriers you can pay your initial premium with your credit card. We also can take payments via electronic check.
Is my information safe?
Absolutely. All life insurance carriers must comply with HIPAA laws.
If I don’t like the offer I receive, what can you do for me?
Because we are a broker, we can shop through several carriers to find the best rate.
What happens at the end of the guaranteed term?
If you do nothing, rates will increase annually. However, our policy is not to let you get to that point but to have you lock into a new term.
Are you licensed in my state?
We are licensed in 46 states. The only states we aren’t licensed in are Hawaii, Alaska, Montana, Idaho
Why would I choose C&C over my local agent?
Simply because we specialize in working with legal professionals.
How long will the application process take?
Typically 4-6 weeks.
Do I have to give blood?
Yes, all A-rated carriers require a small blood sample. The technicians are trained to make it as quick and painless as possible.
Who can I name as my beneficiary?
Any person or entity with an insurable interest.
What is the advantage of having a separate owner?
The owner is responsible for making the premium payments and is the only one that can make changes to a policy.
Should I put my policy in a trust?
This decision should be made with your estate planner, but there are advantages to keeping the death benefit out of your gross estate.
How much coverage can my stay-at-home spouse buy?
Most of our carriers will insure a non-working spouse for up to $500,000 or the same amount as the working spouse, whichever is less.
Can I insure my minor children?
Yes; all of our carriers offer Universal Life policies for minors, and one (Genworth) offers term.
If I already have coverage with another agent, can you evaluate how it is performing?
Certainly; we would be happy to take a look at any other coverage you have and see if it fits your needs.