Return of Premium LIfe Insurance Return of Premium for Term Life Insurance? One of the biggest complaints about life insurance is that you must die to collect. For that reason, many are reluctant, because most of us do not plan on dying. We imagine everything we could be doing with our premium payments, especially if …
Can Cigar Smokers get non-smoking rates? The answer is yes, if you smoke a cigar, you can get non-smoking rates, some companies will even offer you Preferred Best rates. But not all companies, some companies consider cigar-smoking the same as cigarette smoking. depends on what companies you choose and how often you smoke cigars. Those …
What is non-medical life insurance? To exam or not to exam is the question, a policy with no exam does not mean they will not look into your medical history it means you will not have to take a medical exam to get life insurance. A medical exam is also known as “Paramed”. Its when …
What is a “Paramed”? The best rates when applying for life insurance are medically underwritten rates that involve testing, the insurance company has you evaluated by a Paramed company. A paramedic, usually a nurse, comes to your location as a third party, representing the insurance company. A paramedic will do the following. Take a sample …
5 Ways to improve your Life Insurance underwriting classification Read More »
When you apply for a life insurance policy, you are asking an insurance company to issue you a contract that pays a death benefit to your beneficiaries. Once the policy is issued the insurance company has an obligation to pay the death benefit if premium is paid. The premium paid is based on your underwritten …
How do life insurance underwrighting classifications work Read More »
What is Chronic Care? Before understanding how much Chronic Care costs, let’s review what we mean by Chronic Care or Long-Term Care. Chronic care is long term care, when someone needs help with their ADL’s or Activities of Daily Living, (bathing, eating, transferring, continence, toileting, dressing and or cognitive impairment, dementia) they are in …
What is Life Insurance and how does it work? For many people Life Insurance is a mysterious thing that they hope they will never need. In this article the goal is to help you understand what life insurance is and how it works, so you can make an informed decision to better protect your lifetime …