Monarch life insurance is an insurance company that specializes in term life insurance. They have a great reputation for being very reliable and taking care of their customers.
Monarch life insurance has been in business for over five decades, since 1962. Times have changed since then, but one thing is still true: They provide the same high-quality services that they did back then.
What is Monarch life insurance?
Monarch life insurance is a term life insurance program that helps you get the coverage you need. These policies provide financial protection and help your loved ones financially if something unfortunate happens to you.
Monarch life insurance understands the importance of protecting your family and their future, which is why they offer multiple policy options to choose from.
As an independent agent, Mark Engebretson can compare various plans from several different companies so you can make an informed decision on which plan best suits your needs. He can help you find the right amount of coverage for what fits your budget, whether it’s whole life, universal life, or a traditional term policy. The decisions are all up to you – Mark only wants what’s best for his clients.
Monarch life insurance has a professional staff dedicated to serving clients like you. They are experience and knowledgeable about the industry and can assist you with questions you may have about your policy or the company.
You can choose from multiple plan options, including whole life, universal life, and term policies.
Monarch life insurance is an independent agent that acts on behalf of its clients. Their agents are trained to offer honest advice and work hard to protect their client’s financial interests.
Monarch offers insurance for people of all ages – young adults, college students, married couples, single parents, retirees – anyone who wants to protect themselves or their loved ones against unforeseeable events like illness or disability.
Types of Insurance
Young adults – Whole life
College students – Term life
Parents – Universal life, whole life
Retirees – Whole life, universal life
Term life policies
Term life insurance is the most affordable option. It’s good for people who don’t have a lot of money to spare, but who still need to protect their family if something happens to them.
Term policies are available for young adults and adults. You get coverage for 30 years, and then the policy expires.
For young adults between the ages of 18 and 25, you can get term life insurance that lasts 10, 20, or 30 years. For adults 26 or older, you can select from 10 or 20-year policies or a permanent policy that lasts until you turn 70.
Universal life insurance
Universal life is similar to whole life in some ways and very different in others. Unlike whole life, universal life policies do not guarantee a death benefit. If you stop paying premiums, the policy is canceled and becomes worthless.
Universal policies are good for people who want to accumulate cash value over time, but only if enough money is put into the policy to keep it from expiring before the insured person’s death.
Insurance agents can help you decide which plan works best – whole or universal life. They’ll explain how each policy works and help you determine what coverage amount will work best for your family should something unfortunate happen to you.
How much does it cost?
The costs are a little different, depending on your coverage choice. There is no right or wrong answer about how much Monarch life insurance coverage to buy; the costs for term policies and whole life plans are often very similar. What’s important is that you get the coverage you need at the level of protection that works for your budget and that you understand the terms and conditions of each policy so you will feel comfortable with them.
Why Is It Beneficial to Protect Yourself And Your Family?
Term: With a term policy, the death benefit will be paid out when the policy expires. If you have a child that’s a minor and you pass away, they are protected by the insurance money while they are still underage. The money is there if they need it to pay for living expenses or anything else (i.e. college tuition). You can also use it toward funeral expenses, or whatever else needs to be taken care of with your passing.
What makes this life insurance different?
Monarch life insurance is committs to making sure that you have the right amount of coverage for what fits your budget. They can offer you a variety of options to choose from – low premiums on quality coverage from multiple companies – so the choice is ultimately yours. Their agents and representatives are friendly and professional, so you can feel comfortable working with them throughout the process of getting your policy set up.
Advantages
- Receive personalized service– an independent agency, Monarch works for clients, not the insurance companies.
- Discounts on premiums – they can discount your premiums up to 15%.
- A free quote – get a free quote and decide which policy is right for you.
- Monthly payments– pay your premium each month to keep your insurance current, or pay upfront and save money on the annual fee.
- Flexible payment options – you can pay by check, debit card, credit card, electronic funds transfer or through payroll deduction.
- Calculate your insurance needs – they can help you figure out the right amount of coverage.
- Options for all life stages – pick a policy that works best for your current stage in life, such as universal life, whole life or term.
- Personalized service – they will ask you questions to help figure out which policy is right for you. Which company works best because they are not employees of any single insurance company. They are independent agents who will help you compare policies from multiple companies. So you can make an informed decision on which plan fits your budget and needs.
Disadvantages
The biggest disadvantage of this Monarch life insurance is the fact that. If you are looking for a policy that covers grief, such as loss after the death of a child, you’re effectively out of luck. There is no such coverage under any form of life insurance. Other disadvantages are that it may be difficult to find policies on short-term plans because those plans do not provide coverage for more than two years. If you want protection for a grandchild or other close relative, then you will need to consider other options, such as whole or universal life insurance in the event of their passing. You also must be at least 18 years of age in order to purchase life insurance.
How to apply for a Monarch policy?
If you are interests in acquiring Monarch life insurance, you can contact the company to request a quote. Your independent agent will walk you through each step of the process and answer any questions you may have. Eventually, if you decide to work with Monarch. He can submit your application and help you choose the right policy for your needs.
Once your policy is purchases comes in effect. You will receive regular updates on how things are progressing with your account.