Frequently Asked Questions
Simple answers to the questions you're thinking but haven't asked yet.
Life Insurance Basics
Life insurance is a contract between you and an insurance company. You pay a monthly premium, and in return, the company pays a lump sum (called a death benefit) to your beneficiaries when you pass away. It's designed to replace your income and help your family cover expenses like mortgage, childcare, and daily living costs.
A common rule of thumb is 10-12 times your annual income. But the right amount depends on your debts, number of dependents, and future expenses like college tuition. Our advisors can help you calculate the exact amount in a quick 5-minute conversation.
Term life insurance covers you for a set period (10, 20, or 30 years) and is typically the most affordable option. Whole life insurance covers you for your entire life and builds cash value over time, but costs more. Most young families start with term life because it offers the most coverage per dollar.
Cost & Eligibility
It's more affordable than most people think. A healthy 30-year-old can get $500,000 in term life coverage for as little as $21/month — less than a streaming subscription. Your rate depends on your age, health, and coverage amount.
Not always. Many of our policies require no medical exam at all — just a few simple health questions. Up to 90% of applicants get approved without a doctor visit, needles, or lab work.
Yes. Many people with conditions like diabetes, high blood pressure, or a history of anxiety still qualify for coverage. Rates may vary, but our advisors work with multiple carriers to find you the best option for your situation.
Coverage & Policy
Your beneficiary is whoever you want to receive the death benefit. Most people name their spouse or partner, but you can also name children, parents, a trust, or even a charity. You can update your beneficiary at any time.
Yes. You can cancel your term life policy at any time with no penalties. If your needs change — new baby, new home, pay raise — you can often adjust your coverage. Our advisors can walk you through your options.
Filing a claim is straightforward. Your beneficiary contacts the insurance company, submits a death certificate and a claim form, and typically receives the payout within 30-60 days. We guide families through the entire process so they never feel alone.
About Anchor Point
We're not a call center. We're licensed advisors who take the time to understand your family's needs and find you the best rate across multiple carriers. We speak English and Spanish, and we're built specifically for families in Florida and Texas.
We currently serve families in Florida and Texas, with plans to expand into Alabama. Both Florida and Texas have no state income tax, which means more of your money stays in your pocket.
Absolutely. Our team includes bilingual advisors who are fluent in both English and Spanish. We believe everyone deserves to understand their coverage in the language they're most comfortable with.
Still have questions?
Talk to a licensed advisor. We're real people who actually pick up the phone.