We Work For You...
And No One Else

Life insurance payouts are generally not taxable, as long as certain rules are followed. However, there are exceptions. If a business owns the policy and incorrectly deducts the premiums as a business expense, the death benefit could be taxed. Similarly, if the policy owner, insured, and beneficiary are three different people, the IRS may classify […]

The life insurance plans we offer come with a guaranteed level premium, meaning your rate will stay the same for the entire term you choose—whether that’s 10, 15, 20, or 30 years—as long as you continue making payments. Once your policy is in place, the insurance company cannot increase your rate or alter the terms, […]

Yes, you can. However, it is important to understand that the total amount of coverage that you have in place or are applying for must be justifiable based on your income and net worth. If you already have a significant amount of insurance in place and apply for another policy, the insurance company could limit […]

Term life insurance is the only type of coverage recommended by Dave Ramsey and his team—never cash value policies like whole life, universal life, or variable life. The reason is straightforward: term life is much more affordable, and you only pay for coverage during the years you actually need it. The idea that you need […]

Dave Ramsey and his team recommend term life insurance for those whose families rely on their income or have debts that can’t be covered by existing assets. Otherwise, he believes your money is better used elsewhere. Following the advice of Ramsey Solutions, Zander Insurance offers only guaranteed level term life plans. The general recommendation is […]

Dave Ramsey and his team advise against purchasing life insurance for children, particularly policies like Gerber Life that are marketed as savings or college plans. These policies often involve cash value (whole life) insurance, which is an inefficient financial product that most families don’t need. Since the likelihood of a child passing away is extremely […]

Absolutely not! Cash value plans such as Whole, Universal, or Variable life insurance should never be used as an investment or savings plan. Life insurance exists to provide financial protection when someone has debts that their current assets can’t cover or when a family would suffer financially from the loss of a wage earner. Outside […]

If your employer is covering the cost of your life insurance, there’s no reason not to take advantage of it. However, if you’re paying for coverage yourself, it’s worth comparing the cost of an individual term policy to what’s offered through your workplace. Employer plans are often easy to enroll in but may not be […]

If your passing would create a financial burden for your family—whether through lost income or unpaid debts—life insurance is a smart choice. Even being debt-free doesn’t necessarily mean you don’t need coverage. The key question is whether your savings can fully support your spouse and children if something happens to you. If you have enough […]

When Dave recommends that families carry 10 to 12 times their income in term life insurance protection, he is referring to gross annual income.  The reason is that, although the death benefit of a life insurance policy is received tax free, once those funds are invested to generate an income for the surviving family members […]