LOS ANGELES, Aug. 20, 2013 /PRNewswire-iReach/ -- EQUOTE founder Richard Wira has become an advocate for an internet based term life insurance broker which specializes in helping consumers find the best quotes for term life insurance. With the help of this innovative website, a user can simply compute their information into the system and pair up with a term life insurance provider who best fits their needs with the cheapest quotes possible. The amazing part of the system is how many of these life insurance companies, brokered by EQUOTE term, provide benefits to insurance carriers while they are still living.
"Nothing brings home the importance and value of long term care insurance until a parent requires help in their old age", reports Richard Wira, founder of Equote.com. His mother-in-law was a young 81 at the time. Her skepticism and weariness did not quell Mr. Wira's insistence that she needed to bring forth a term life insurance policy to cover her for the most severe circumstances of danger and medical health.
Mr. Wira's mother-in-law settled on a product called MoneyGuard through First Penn Pacific. She made a single payment of $70,000. The policy was unique in that it provided a death benefit value of $98,589 and $217,178 in long term care benefits. If she ever required home health care, nursing home care, residential care or even adult day care, the policy would pay out a maximum monthly benefit of $4,525 until the $217,178 in long term care benefits was reached. "I believe the real reason she liked this policy over the others was her $70,000 premium was 100% refundable if she ever decided to cancel the policy. In other words, she would receive all of her money back!", according to Wira. As a child growing up in the great depression, she valued her hard earned money.
Seven years later, she tripped over a garden hose and fell, breaking her hip at the age of 88. Recovering from the fall was difficult. Unable to do many of the activities she enjoyed was frustrating. She required help to do the simple tasks she used to accomplish independently and take for granted. The benefits in her MoneyGuard policy allowed her to continue enjoying a good life despite her need for assistance. She was not warehoused in some overcrowded facility but allowed to live in her own home.
Looking for the benefits of an insurance provider does not need to be a worrisome task. EQUOTE makes the process easy. A short amount of time will prepare a consumer for the worst possible scenario.
For more information visit, equote.com
Media Contact: Brian Dill, All Access Placement / Net Success USA, (424) 281-4059, email@example.com
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