Life Insurance Concepts
Using Life Insurance To Increase Your Family Net Worth
Family's are now using life insurance to increase their net worth and securing their childrens financial future. Find out how you can create your own Family Bank. ESTATE PLANNING - estate … [Read More...]
Life Insurance policy wrongly denied
VIRGINIA BEACH - Sandy Hanson's husband died, but in all her grief she found anger. A life insurance policy she had on her husband was denied. "I have to learn to live just with me and it hurts," said … [Read More...]
Long Term Care Insurance
Long term care insurance information – Best Buying Tips
Best long term care insurance information comes from the American Association for Long-Term care Insurance. Visit their website to find information, costs, get a free quote. www.aaltci.org … [Read More...]
Why Do People Reject Long Term Care Insurance?
I have been involved with long term care insurance for well over a decade, and over the last five years, I have considered myself a long term care insurance specialist. I have concluded that in order … [Read More...]
Life Insurance Articles
Life Insurance: It Comes Down to Those You Care About
When you have a family, you do everything you can to protect them from all the dangers they face, from interviewing nannies and preschools, to installing new door locks and home alarm systems, to working and saving money toward their future. Life insurance gives you the opportunity to continue to provide protection for your family even if you are no longer around to take the protective steps yourself. If you should pass away and leave your family in the prime of life, your surviving spouse will have an overwhelming number of financial decisions to make; decisions that can't be made without a source of incoming money behind them. The loss of your salary after your death mixed with the need to deal with the emotional ramifications of the loss can adversely affect their ability to … [Read More...]
High Risk Life Insurance- It Come Down To An Experience Agent
High Risk Life Insurance is generally purchased for two reasons: 1. You participate in hazardous activities or avocations (i.e. scuba diving, rock climbing, vehicle racing, flying as a pilot, etc.). 2. You have a health condition that is hard to insure (cancer, diabetes, heart disease, etc.). Both of these circumstances mean that you are a higher risk for an insurance company to insure. Because you are a higher risk, your insurance will cost more. Luckily, there are insurance agencies specialize in higher risk and impaired risk situations. Just because you have sleep apnea, diabetes, a coronary artery stent, or other serious illnesses, doesn't mean you should get turned down or be charged significantly higher premiums for whole, universal, or term life. An experienced life insurance agent … [Read More...]
High Risk Life Insurance For Final Expenses
The high risk life insurance market place has been an underserved market for many years. Most insurance carriers prefer to insure low risk clients for obvious reasons. There are several life insurance carriers that are very aggresive in the final expense market place. The primary objective in obtaining life insurance is to indemnify your loved one upon death. The severity of your condition matters only to most traditional insurance carriers that do not serve the high risk life insurance market place. If you have a terminal illness, or were recently diagnosed with a medical condition, you may also have news from your current life insurance carrier that you do not qualify to renew your current policy. If you need burial coverage, which almost everyone at a minimum needs, you need to speak … [Read More...]
Life Insurance For Seniors
is more expensive than life insurance for younger individuals because seniors are more of a risk to insure. That may sound unfair, but the biggest factor that determines life insurance rates is life expectancy. Life insurance companies go through a process they call underwriting. This process involves taking a good look at the applicant's life, including hobbies, health, health history, family health history, age, sex, height, weight, and even DMV records. This may seem like a lot (and even an intrusive look into your life), but the point behind it is that the life insurance company has to make sure you are not too much of a risk for them to insure. If they insure too many people that are too great of a risk, they put themselves in a bad situation where too many death benefits are being … [Read More...]
How To Buy Life Insurance
By Life Quotes, Inc. Staff Most people buy life insurance to ensure their loved ones are protected financially in the event of their death. But people don't often realize that although paying funeral expenses and replacing income are two very important reasons to purchase a life insurance policy — you can also use life insurance to pay for a home, plan for retirement or prevent tax penalties when you transfer an estate. Whatever your situation, it's important to know which policy fits your particular needs and those of the people you love. The Life and Health Insurance Foundation for Education, a non-profit consumer insurance education organization, offers these tips for buying life insurance. Consider those who rely on you financially, including your spouse; children, parents or other … [Read More...]
Can a history of substance abuse raise your life insurance rates?
By M.K. Guetersloh Life Quotes, Inc. The hard partying years after college may have been replaced by the calm of married life. But those past behaviors may haunt you like an unwanted call from a former sweetheart—especially when you try to buy life insurance. In order to receive standard rates, most insurance experts agree that drug and alcohol abuse problems need to be behind you for a minimum of five years. Excessive use of drugs and alcohol can cause a number of serious health conditions. Researchers from the University of North Carolina, Chapel Hill, Bowles Center for Alcohol Studies, estimates that alcohol and drug abuse can decrease your lifespan by nearly 10 years. Among the health risks, drug and alcohol abuse can cause high blood pressure, cancer (breast, esophageal, mouth, … [Read More...]
How personal bankruptcy impacts your life insurance policy
By Dawn Reiss, Life Quotes, Inc. Filing for bankruptcy is usually person's worst nightmare, but when it comes to protecting your assets (including the value of your life insurance policy), information is key. A life insurance policy is considered valuable property, which means creditors may attempt to "acquire an interest in the policy's values," but all states and the federal government have "enacted legislation providing protections for life insurance against the claims of creditors," says Glenn E. Stevick, Jr., a professor with The American College. Here's some basics you should know when it comes to bankruptcy and how it affects your life insurance policy. First, more people file for bankruptcy than you might imagine. With the latest economic downturn and mounting bills, the current … [Read More...]
Can you be denied life insurance if you have anxiety or depression?
We've all had times in our lives when we didn't feel at the top of our game. Maybe it was due to a job loss or the death of a family member; there are numerous reasons for feeling down. However, according to the National Institutes of Mental Health, for 26.2 percent of Americans age 18 and older this feeling of hopelessness is due to a diagnosable mental disorder. That is approximately 14.8 million adults suffering from a major depressive disorder and about 40 million adults suffering from anxiety. What's more, a study conducted by the University of Michigan states that in today's faltering economy, job loss and financial strain can lead to depression that lasts up to two years after an individual is employed in another position. If you apply for life insurance can a history of depression … [Read More...]
Recent Comments