Stents have become quite common these days to treat cardiovascular disease. In fact, almost 1 million stents are placed each year in the US. If you’ve had a stent or multiple stents placed, you probably think that you can’t get life insurance. The good news is that you may qualify for affordable life insurance rates if you’ve had a stent procedure. But before you apply for life insurance with a stent, make sure you understand exactly what the life insurance company needs to know in order to make a decision on your case. Here is everything you need to know about life insurance for people with stents.
According to the American Cancer Society, one in six men will be diagnosed with some form of prostate cancer. The good news is that prostate cancer is one of the most treatable forms of cancer and has a very high survival rate. When you are shopping for life insurance with prostate cancer, it is important to understand how life insurance companies will rate your case. They will look at factors such as your age of diagnosis, stage of cancer, treatment received, your PSA and any other health factors. Here is what you need to know about life insurance with prostate cancer.
Buying Life Insurance on Your Parents
If you will burden some financial responsibility after your parents pass away, buying a life insurance policy on your parents could give you the financial resources to take care of final expenses, medical expenses, or any other debts that you may have to deal with when settling your parents’ estate. Before you consider buying life insurance on your parents, there are a few important things that you must consider. In this article, we will show you how to go about buying life insurance on your parents and if it makes sense.
Table Shave and Underwriting Credits for Term Life Insurance
Life insurance underwriting involves many different moving parts. You are assessed on many health and lifestyle characteristics so that the underwriters can determine your health class rating. In many cases, there are applicants who have minor to moderate health issues but are otherwise healthy. For instance, if you are overweight, your build might put you in a ‘Standard’ health class. But what if all your other health and lifestyle characteristics fall into the ‘Preferred’ health class? In this case, some life insurance companies will offer health and lifestyle credits that will push you up to a ‘Preferred’ or even ‘Preferred Best’ health class, saving you thousands over the life of your policy.
Life Insurance with Elevated Liver Function
Liver function tests are commonly administered when you apply for fully underwritten life insurance. Elevated liver function can signal specific health issues or impaired liver function. If you have elevated liver function, the good news is that you may still qualify for ‘Preferred’ health class ratings with some life insurance companies. If you’ve been declined for life insurance or received a substandard health class due to elevated liver function, it definitely makes sense to get a second opinion. Here is what you need to know about life insurance with elevated liver function.
How Some Life Insurance Ads Mislead Consumers
We are constantly bombarded by life insurance ads online and on television that make promises of low rates and guaranteed coverage. If a life insurance offer looks too good to be true, there is usually some fine print that explains the conditions of the offer. Our goal is to make sure consumers know what to look for when they see these types of advertisements. We took a look at a few ads that we saw online and showed how they could be a bit misleading. Here is what you need to know about how some life insurance ads mislead consumers.
Life Insurance for Smokeless Tobacco, Vape, Pipe and e-Cigarette Users
If you didn’t already know it, life insurance coverage for tobacco users costs much more than coverage for those who do not use tobacco. In most cases, it will be more than double the cost. But how do life insurance companies define “tobacco use”. Most of the companies out there are very strict when it comes to underwriting applicants who use tobacco. They only offer smoker rates for applicants who use ANY kind of tobacco. The good news is that there are a handful of life insurance companies out there that will allow non-smoker rates for those who use smokeless tobacco, pipes, vapes and e-cigarettes. Here is what you need to know about life insurance for smokeless tobacco, pipe, vape and e-cigarette users.
5 Star Life Insurance Term to 100 Review
If you’re looking for an alternative to a fully underwritten life insurance policy, 5 Star Life Insurance Term to 100 could be right for you. 5 Star Life insurance offers term life coverage that lasts to age 100 without a medical exam. In fact, there are only a handful of medical questions that need to be answered and approval is immediate. But before you consider the 5 Star Life Insurance Term to 100 policy, let us give you all of the details so you can make an informed decision. Here is our 5 Star Life Insurance Term to 100 Review.
Uninsurable Medical Conditions for Life Insurance
Life insurance underwriting has come a long way over the years. As medicine and medical technology in general have improved over time, it has become somewhat easier to get affordable life insurance rates with moderate health issues. That’s the good news. The bad news is that in certain instances, you will automatically be declined for life insurance if you have certain medical conditions. Before you consider applying for life insurance, it is important to know if your medical condition makes you uninsurable. Here is a list of some medical conditions that could make you uninsurable for life insurance.
Is it Time to Review Your Existing Life Insurance Coverage?
Most people buy life insurance and simply never think about reviewing their coverage or needs again. The fact is that you should periodically review your existing life insurance coverage to make sure that it is meeting your objectives. The life insurance industry has changed and is continuing to change for the better. Life insurance rates have been on the decline, life insurance companies have become better at underwriting health impairments and life insurance products have evolved. If you own a life insurance policy, it might be a good time to review your coverage and coverage goals. Here are some things you need to think about when it’s time to review your existing life insurance coverage.
Life Insurance and Alcoholism
If you’re a recovering alcoholic and you are looking for life insurance coverage, the good news is that coverage is available in many cases. The bad news is that life insurance companies are pretty strict in how they view alcohol usage. Not only are there health risks associated with heavy alcohol usage, but there are also lifestyle risks as well. The key is to find the life insurance company that will be the right fit for your particular situation. If you regularly use alcohol or you are in alcohol recovery, you should be aware of your life insurance options. Here is what you need to know about life insurance and alcoholism.
Top 10 Best Life Insurance Companies
According to Archstoneinsurance.com
At ArchstoneInsurance.com, we have access to over 40 of the top life insurance companies in the industry. Although we consider all of these companies quality insurers, over time we have isolated our list of top 10 best life insurance companies. We considered a number of different factors such as cost, underwriting strengths, product features, product offerings and financial strength. Below is a list our list of top 10 best life insurance companies and the pros and cons to working with each. Keep in mind that each company has its own particular strengths, so our list below is in no particular order.
Life Insurance Awareness Month – September 2015
Every September, LifeHappens.org sponsors Life Insurance Awareness Month. As the name suggests, the campaign is aimed at showing consumers, especially parents, the importance of life insurance coverage. With the kids back in school, now is an excellent time to review your life insurance needs and your existing coverage if you already have it. Life insurance offers affordable protection that could save your family from financial devastation if you passed away unexpectedly.
Should You Buy Life Insurance for Your Children?
If you’re a parent who has loved ones that rely on you financially, it is pretty much a no brainer that you should own life insurance. Life insurance allows you to take care of your loved ones if you are not around to provide for them. But should you buy life insurance for your children? Buying life insurance for your children can make sense in some instances. It will all come down to your particular circumstances and goals for providing the coverage. In this post we will look at the benefits and drawbacks to buying life insurance for your children.
Life Insurance With Multiple Sclerosis
If you have multiple sclerosis, you might think that it is difficult or impossible to get life insurance. The good news is that you can get life insurance with multiple sclerosis. Your final health rating will ultimately depend on the severity of your multiple sclerosis. Since each life insurance company has its own underwriting guidelines, it is important to shop your case to find the company that will give you the best rating for your particular situation. Here is what you need to know about life insurance with multiple sclerosis.
Term Life Insurance with Living Benefits
One of the biggest knocks on term life insurance is that it only offers a benefit if you die. In other words, there are no living benefits while the policy is in force. Although that is the case for many term life insurance policies on the market today, there are some companies that offer term coverage that also includes benefits should you become terminally ill, chronically ill or suffer a critical illness. If you are looking for a term life policy with more comprehensive coverage, a policy with living benefits might make sense. Here is a general overview of term life insurance with living benefits.
Life Insurance if You Already Have an Existing Health Condition
Some people might be apprehensive about applying for life insurance coverage if they already have existing health condition. Many feel that their condition will make rates too expensive or that they are uninsurable altogether. The good news is that in many cases affordable life insurance rates are attainable even if you have a pre-existing health condition. Life insurance companies have come a long way in underwriting applicants with chronic illnesses, but it is important to know how you will be evaluated. Here is what you need to know about life insurance if you already have an existing health condition.
Still Don’t Have Life Insurance? What Are You Waiting For?
Still don’t have life insurance coverage? The good news is that now is an excellent time to get covered. We were recently notified that American General reduced the price of its already affordable Select-a-Term product. Other companies have also cut rates on term life insurance over the past year as well, including SBLI and John Hancock. The fact is that term life insurance rates have never been more affordable. A simple level term policy could help your loved ones replace your income and pay necessary expenses in the event that you are not around to provide for them. Still need convincing? Take a look at the statistics below. How would your loved ones cope with these obligations?
Life Insurance with Crohn’s Disease
If you suffer from Crohn’s disease and are in need of life insurance, you should be happy to know that affordable rates are available. Ultimately, your rate will depend on the severity of your particular condition. Life insurance companies focus on a few key factors when it comes to determining your health class rating for Crohn’s disease. The key to finding the best life insurance rates for Crohn’s disease is to shop your case to find the company that will view your particular situation most favorably. Here is what you need to know about life insurance with Crohn’s disease.
Protective Life Insurance Company Review
Clients often want to know which life insurance company we think is the best. That is a difficult question to answer because there are so many variables that should be considered such as product offerings and features, financial ratings, cost of coverage and underwriting strengths. One company that is competitive in almost all of these areas is Protective Life Insurance Company. In this post we will provide a review of Protective Life and tell you why we think it is one of the best all-around life insurance companies out there.
Life Insurance with Bipolar Disorder
According to the National Institute of Mental Health, roughly 5.7 million people in the United States suffer from bipolar disorder. Bipolar disorder can be a debilitating mental health issue if left untreated. But for those who are being treated for bipolar disorder, it can mean a normal, productive life. If you are looking for life insurance with bipolar disorder, you will be happy to know that affordable coverage is available in many cases. Your final health rating will depend on a number of factors surrounding the severity of your particular situation. In this post we will discuss what factors life insurance companies focus on when assessing applicants with bipolar disorder and what rating you can expect for life insurance with bipolar disorder.
Guide to Buying Life Insurance Online
The life insurance industry has evolved quite a bit over time. In the past, the process of buying life insurance usually meant visiting a local agent’s office and buying whatever product their company offered. In other words, your choices were limited in terms of advice and products. The internet has completely changed the landscape for buying life insurance – in a good way. The internet has now given consumers online tools to educate themselves and comparison shop before even speaking to an agent. This post will show you what to consider when buying life insurance online.
Product Review: Gerber Guaranteed Issue Life Insurance Plan
When most people hear the name Gerber, they think baby food. But the fact is that Gerber also offers insurance products through its affiliate, Gerber Life Insurance. Gerber’s Guaranteed Issue Life Insurance Plan offers a smaller amount of coverage that could be a great fit for those looking to cover the cost of final expenses. It offers a simple application with no health or medical questions and guaranteed approval. But before you consider Gerber’s guaranteed issue product, we want you to know all of the facts. In this post we will review the Gerber Guaranteed Issue Life Insurance Plan to help you determine if it is the right plan for you.
Is the Federal Employees’ Group Life Insurance Plan (FEGLI) Worth It?
Federal Employees’ Group Life Insurance plan or FEGLI for short is the largest group policy in the world, covering 4 million Federal employees and retirees, as well as many of their family members. Like other group policies, it allows employees to enroll in life insurance coverage without a medical exam. Group policies can be tempting because of the limited underwriting and the convenience of having premiums deducted right from your paycheck, but in most cases an individual policy will always be a better bet. In this post, we will help you decide if the Federal Employees’ Group Life Insurance Plan (FEGLI) is Worth It.
Converting Your Term Life Insurance Policy to Permanent Coverage
Most people overlook the importance of the conversion provision in their term life insurance policy. The conversion provision allows the term policyholder the opportunity to convert their term coverage to permanent coverage without proof of insurability. You might be wondering why you would ever need to convert your term coverage to permanent coverage. The fact is that there are several situations where a conversion would make a lot of sense. Here is what you need to know about conversion provisions and the process of converting your term life insurance policy to permanent coverage.
Life Insurance with Sleep Apnea
Sleep apnea affects more than 18 million people in the US, according to the National Sleep Foundation. It can cause serious health issues if left untreated. Underwriting life insurance with sleep apnea can be tricky, with health ratings ranging from the best available to being declined coverage altogether. Life insurance companies are very specific about what they look for in applicants with sleep apnea. If you are looking for life insurance with sleep apnea, it is important to work with an agent who knows which companies will rate your sleep apnea most favorably. Here is what you need to know about life insurance with sleep apnea.
Life Insurance and the Medical Information Bureau
If you’ve applied for life insurance in the last 7 years, the Medical Information Bureau (MIB) most likely has a file on you. You probably didn’t know that such a file existed or that the MIB existed for that matter, but the MIB plays an important role in the life insurance industry. It allows member insurance companies to exchange underwriting information between one another in an effort to prevent loss due to fraud or omission. But how does the MIB help the industry and consumers?
Life Insurance with High Blood Pressure
If you have high blood pressure and are afraid that you can’t get affordable life insurance, we have good news for you. Not only can you still get life insurance if you have high blood pressure, but in some cases you can even qualify for the best health rating. It will really come down to how well you are managing your blood pressure and if it is coupled with any other health issues. The key to getting the best rate for life insurance with high blood pressure is finding the company that will view your particular case most favorably. Here is what you need to know about life insurance with high blood pressure.
Life Insurance for Smokers
If you’re a smoker in need of life insurance, it is important to know that each life insurance company has its own criteria for rating smokers. Some companies are no nonsense and will view all applicants who use any type of tobacco products as smokers, while others will be more lenient. In fact, some companies out there will allow the “occasional” tobacco user, non-smoker rates. Smokers will pay much more for life insurance than nonsmokers – usually 3 to 5 times more. The key to finding the best life insurance for smokers is to use an agent who knows which companies view smoking most favorably. Here’s what you need to know about life insurance for smokers.
State Farm Term Life Insurance Review
When you think of State Farm, you probably think of the catchy slogan “like a good neighbor, State Farm is there” or those funny commercials featuring Aaron Rodgers. The fact is that State Farm is one of the most respected names in the industry when it comes to most personal insurance coverage. But we wanted to compare how State Farm’s rates for term life insurance compare to other companies out there. If you are considering buying life insurance through your local State Farm agent, read this blog first. We are going to take a look at how State Farm’s term life insurance stacks up to the competition.
What to Do If You’re Declined for Life Insurance
In our last post, we discussed common reasons for being declined life insurance. In this post we are going to discuss what to do if you’re declined for life insurance. Being declined for life insurance can be a stressful situation for most people. After all, how will you be able to financially protect your loved ones without life insurance? It is important to know that just because you were declined coverage by one company, that doesn’t mean another company won’t approve you. So if you’ve been declined for life insurance and aren’t sure what to do next, don’t panic. Read on and find out what you need to do if you’ve been declined for life insurance.
Common Reasons for Being Declined Life Insurance
Life insurance companies are very thorough in their approach to reviewing fully underwritten applicants. They look at many different factors from your health to your hobbies to determine your overall health class rating. If a life insurance company views you as too much of a risk to insure, it will will simply decline your application. It is important to know some of the more common reasons why a life insurance company might decline your application.
Life Insurance with Asthma
Affordable life insurance is an option for those who suffer from asthma. In some cases, those with mild asthma can qualify for preferred best rates. Ultimately, your health rating with the insurance company will depend on the severity of your asthma along with all of your other relevant health factors. Every life insurance company has its own underwriting guidelines for how it rates applicants with asthma. It is important to use an independent agent that can shop your particular case to multiple carriers to find the company that will best rate your asthma situation. Here is what you need to know about life insurance with asthma.
7 Common Life Insurance Myths Debunked
There are so many misconceptions out there surrounding the subject of life insurance that separating fact from myth can sometimes be difficult. It can get so confusing for some that they simply put off obtaining coverage. Since life insurance is essential part of any overall financial plan, we wanted to do our part to clear up any confusion that might be preventing those of you from getting coverage. So we decided to debunk 7 common myths when it comes to life insurance.
Is AICPA Life Insurance Worth It?
Like many other member associations, the American Institute of Certified Public Accountants (AICPA) allows its members the opportunity for group rates on various life insurance products. It might be tempting to go the group rate route for most people since it is usually easier to apply and requires less underwriting than traditional fully underwritten policies, but most group policies have drawbacks such as increasing premiums and limits on coverage. In fact, if you are willing to take the time to apply for a fully underwritten policy, you could save thousands over the life of your policy. Here is a look at how the AICPA’s term life insurance plans stack up against fully underwritten individual policies
Life Insurance with COPD
If you are living with chronic obstructive pulmonary disease (COPD), you are not alone. According to the National Heart, Lung and Blood Institute, more than 12 million Americans have been diagnosed with COPD. It is estimated that another 12 million are thought to have undiagnosed COPD. COPD is a pulmonary disorder that ranges in severity. If you need life insurance but are suffering from COPD, you might think that life insurance coverage is out of the question. The good news is that depending on the severity of your COPD, you might be able to qualify for standard rates. Here’s what you need to know about getting life insurance if you have COPD.
Life Insurance with Anxiety Disorder
For those of you who have anxiety, the process of getting life insurance might seem a bit daunting. First off, you probably do not like to talk about your condition no matter how mild or severe it might be even though anxiety disorder is quite common. The other reason is that you might think it could prevent you from getting coverage or make coverage unaffordable altogether, so you don’t even bother applying. The fact of the matter is that those with mild anxiety can get preferred rates and even those with moderate anxiety can still qualify for standard rates. Your health class will ultimately depend on the severity of your anxiety and how it impacts your daily life. Here’s how it breaks down.
United of Omaha’s Fit Program Can Save You Thousands
On our blog, we always talk about how we can save people with health impairments money on their life insurance coverage. We know which life insurance companies are most flexible when underwriting certain health issues. We also know which companies allow credits that will improve your final health rating which is important in determining your premium. Through United of Omaha’s Fit Program, you can improve your health rating by two table credit ratings if you have a health impairment but are otherwise healthy and exhibit positive lifestyle habits. This could lead to thousands of dollars in savings over the life of your policy. Here’s how it works.
How We Get Our Clients with Health Issues the Best Rates
Most people with health issues think that they will be declined for life insurance coverage or that they won’t be able to afford the higher rates. This thinking usually discourages them from even inquiring about coverage. In some cases they have trusted an agent who simply sent in an application to one company without a true understanding their case and were declined. If you have medical issues, wouldn’t it be nice to know what you are up against before you even fill out an application? Our process allows us to give our clients with health issues an understanding of their potential rating and premium cost before they even fill out an application. Here’s how we do it.
Life Insurance for Diabetics
You might think that life insurance is too expensive or even out of the question if you have diabetes. Not true! You can get affordable rates if you have diabetes, but it will depend on a number of different factors. Here are some of the most important factors that are taken into consideration when an insurance company looks at an applicant with diabetes.