Think of term life insurance as financial protection which includes two types of benefits: Death Benefit – the amount of money your beneficiaries receive, should you pass away (what we typically think of when we consider life insurance). Riders – additional benefits which provide protective features to be used primarily while you are living (often overlooked). Riders.. Read More
The Benefits Of No-Medical Life
First, you should be young and healthy if you plan to have the best possible rates. But even those rates could be a tiny bit higher than a fully underwritten policy, which requires the blood test.
For those of you who are okay with the slightly higher premiums for the added convenience, you can now get up to $1 million in coverage with an exam, and even more if you buy from multiple companies, which is allowed. There are nearly 20 companies who offer no exam life, but just one who offers this much.
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Data is the way of the future. And, it’s transforming everything, including no exam life insurance underwriting. In the past, most life insurance applications involved a paramedical exam. In other words, your application would often sign you up for a little poking, prodding, and liquid samples. That’s not the case anymore! Now, you have options.. Read More
A common order in many divorce settlements is a decree which states you must provide life insurance for children or an ex-spouse. The reasoning behind this is the life insurance enables you to provide income to these dependents in the scenario you or your ex-spouse die. The problem in this situation is divorce decrees are.. Read More
Ever heard of no exam life insurance? With life moving as fast as ever, there’s a new type of life insurance aiming to solve the problem of time. You know life insurance is important for your family, but if you’re trying to find the work/life balance everyday and can’t seem to make it work, how on earth.. Read More
Diabetes is a common, treatable condition which affects up to 30 million Americans. By maintaining a healthy lifestyle and following their doctor’s orders, diabetics can live full, active lives. Unfortunately, many diabetics often have problems finding life insurance. Many insurance providers either offer high rates or just outright deny policies to diabetics. If you’re diabetic,.. Read More
Smokers are aware their habit is dangerous to their health. Quitting smoking is difficult and often takes many tries over a long period of time, if the person chooses to stop. If you smoke cigarettes, even if you’re trying to stop, your ability to purchase life insurance can be limited (or just more expensive). No.. Read More