New Era Life Insurance: An Overview

Life insurance has become an essential aspect of personal finance, providing financial security to families and loved ones after death. New Era Life Insurance is one such company that provides customers with a range of life insurance policies.

What is New Era Life Insurance?

New Era Life Insurance is a company that offers different kinds of life insurance policies in the United States. The company was established in 1924 and is headquartered in Houston, Texas. New Era Life Insurance offers policies to individuals, families, and businesses, helping them to secure their financial future.

What types of life insurance policies does New Era Life Insurance provide?

New Era Life Insurance offers four primary types of life insurance policies: term life insurance, whole life insurance, universal life insurance, and final expense insurance.

1) Term Life Insurance:

Term life insurance is a policy that covers a person for a specific period, usually between one to thirty years. This policy provides financial protection for a specified term only.

Advantages of Term Life Insurance:

• Affordable premiums
• Flexible options
• Easy to understand

2) Whole Life Insurance:

Whole life insurance is a policy that covers a person for their entire life. This policy provides a death benefit as well as a savings component.

Advantages of Whole Life Insurance:

• Lifetime coverage
• Guaranteed cash value
• Tax-deferred growth

3) Universal Life Insurance:

Universal life insurance is a policy that provides lifetime coverage with the flexibility of adjustable premiums and death benefit amounts.

Advantages of Universal Life Insurance:

• Lifetime coverage
• Flexibility in premium payments and death benefit amounts
• Tax-deferred growth

4) Final Expense Insurance:

Final expense insurance is a policy that provides coverage to pay for the funeral and other end-of-life expenses. This policy helps ease the financial burden on loved ones after the policyholder’s death.

Advantages of Final Expense Insurance:

• Affordable premiums
• Easy to qualify for
• No medical exam required

What are the benefits of choosing New Era Life Insurance?

New Era Life Insurance provides many benefits to its customers, including:

Easy Application Process:

The application process for New Era Life Insurance is simple and hassle-free. Customers can apply online or through a licensed agent.

Affordable Premiums:

New Era Life Insurance policies offer competitive premiums, making it affordable for customers to secure their financial future.

Flexible Payment Options:

New Era Life Insurance provides flexible payment options, allowing customers to pay their premiums annually, semi-annually, quarterly, or monthly.

No Medical Exam Required:

New Era Life Insurance offers policies that do not require a medical exam, making it easier for customers with pre-existing medical conditions to qualify for coverage.

Guaranteed Coverage:

New Era Life Insurance guarantees coverage for the policy term, provided that premiums are paid on time and policy terms are met.

New Era Life Insurance: Frequently Asked Questions

1) How much life insurance coverage do I need?

The amount of life insurance coverage you need depends on your personal circumstances, including your age, income, and number of dependents. A licensed agent from New Era Life Insurance can help you determine the appropriate amount of coverage for your needs.

2) How do I apply for New Era Life Insurance?

You can apply for New Era Life Insurance online or through a licensed agent. The application process is simple and hassle-free.

3) What is the maximum age to apply for New Era Life Insurance?

New Era Life Insurance policies are available to individuals up to age 80.

4) What happens if I miss a premium payment?

If you miss a premium payment, you have a grace period to make the payment without losing coverage. The length of the grace period varies depending on the policy.

5) Can I cancel my policy?

You can cancel your policy at any time by contacting New Era Life Insurance. However, depending on the policy, you may incur fees or forfeit any premiums paid.

Conclusion

New Era Life Insurance is a reliable and trustworthy company that provides a range of life insurance policies to meet the financial needs of individuals and families. Whether you need term life insurance, whole life insurance, universal life insurance, or final expense insurance, New Era Life Insurance can help you secure your financial future with ease.