Category Life Insurance

Your life insurance choices can effect you long term

I’d like to challenge anyone who reads this to consider your life insurance policy a little more closely.

Perhaps, instead of looking for the cheapest solution for the most benefit.

Perhaps consider looking at the benefits you are getting both tangible and intangible

Many policies will have built in riders that allow you to access benefits should your health go south. Those are called living benefits

Another thing to consider is what is called convertibility. See Term plans have an end date. And so a great solution is to look at converting all or part of your term policy to last into your later years.

This conversion also is potentially a fantastic solution as a financial vehicle.

Always consider your options. And sometimes less that 10$ a year in payment could benefit you many times over in the long run.

Stay safe and stay informed my friends

Taking an exam will be necessary

You will indeed need to take the exam if you apply for a standard policy. There are, however, a few businesses that provide life insurance coverage of up to $1 million without requiring an assessment. Furthermore, you are not need to take the exam to be certified for certain insurance, such as ultimate expense, which are issued on a simplified issue basis.

Would you purchase dog without first inspecting it? You would want to make sure it’s healthy and has all his shots and no major issues.  After all, you pass away soon after purchasing the coverage, insurers could be liable for millions of dollars. By performing an examination, they boost their chances and determine how dangerous you are to insure. Additionally, they take care to avoid covering unqualified people who might be suffering from a terminal disease or who are otherwise likely to pass away soon.

A third-party nurse will review the questions you answered on the application, take your height, weight, blood pressure, pulse, and other vital signs while also drawing a sample of your blood. Sometimes, depending on your age and the company, a urine sample and EKG will also be necessary. They will look at A1-C which determines your potential for Diabetes. There are many things they look at to determine if you are a good candidate for coverage. So making sure you get coverage while you are healthy and don’t have any pre-existing conditions