Applying for Life Insurance – Do Medical Exams Scare You?

Posted by Lola Benny at September 26, 2011
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I wish I had a dollar for every prospective life insurance client I spoke with who was nervous about getting their blood drawn.  I have even had a few people decide against purchasing life insurance because they couldnt confront the needle.  Medical exams, including blood tests, are part and parcel of the life insurance application.  It provides valuable data to the underwriter as to what type of risk you present to the life insurance company.  Along with a review of your application and medical records, the underwriter will determine your health class and premiums you pay for the policy.

For those of you who are a bit more than squeamish about getting poked in the arm with a needle, here are some tips for relaxing during your blood draw I found at labtestsonline.org:

  • Breathe:  Take three slow breaths, counting to three for each one and breath through your nose.  Brea

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Post Tags: Insurance Life Insurance

Life Insurance Check-Up

Posted by Lola Benny at September 26, 2011
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In honor of life insurance awareness month, LifeHappens.org has listed a check-up checklist for those who are rethinking their need for coverage.  If you have previously gone without life insurance coverage, its time to sit down and take a closer look at what would happen if you were to pass away.  How would your loved ones manage?  How would your bills be paid?  The checklist helps you ask all of the important questions.

Step 1 discusses education on life insurance in general.  Review reputable information that can give you insight into the buying process and what to look for when shopping for term or whole life insurance quotes.  Be aware of key terms and concepts so that you make the best possible decision.  Step

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Post Tags: Insurance Life Insurance

Disability Insurance Risk Factors

Posted by Ethan Kinnear at September 23, 2011
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When you apply for a disability insurance policy, the insurance company, through their underwriting process, will evaluate the risk of becoming disabled that you present to the company.  In this post, I will address the main factors the underwriter looks at when determining your risk to the company.

I often write about how disability insurance companies group occupations into risk classes, or better known in the industry as occupations classes.  There isnt an industry-wide occupation classification system, but they all use a numerical system, with the highest numerical value (usually 6) representing the lowest risk class and, therefore, the lowest premium.  

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Post Tags: Disability Insurance Risk

The Importance Of Getting Travel Insurance

Posted by Admin at September 21, 2011
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Going on vacation should be a fun and relaxing experience. However, things don’t always go as planned. Just like in your everyday life, things can break, items can get lost, and people can get sick. Fortunately, there is something that can be done to minimize the negative aspects that unexpected events can sometimes cause. Travel insurance coverage is a resource that is used specifically to handle those minor and major crises that can pop up while you are on vacation. Although most people aren’t fully aware of what travel insurance can cover, anyone wanting to take precautions for the truly unplanned should definitely look into the benefits that a travel insurance policy can provide.

How Can Getting Travel Insurance Be Beneficial:

1. Full Article…

Post Tags: Travel Insurance

Seniors Getting Improved Medicare Benefits Due to Affordable Care Act

Posted by Sara Steel at September 20, 2011
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In 2009, the federal government predicted that health care reform would strengthen the care that US seniors would receive. The prediction appears to have come true, as the Centers for Medicare and Medicaid Services (CMS) announced last week that more seniors are seeing reduced costs through expanded access to free preventive care and discounts on brand-name drugs.

The United States spends more on health care than any other developed country. Medicare is the single largest payer, with expenditures in 2008 of $386 billion. With the Baby Boomer generation beginning to reach Medicare age, this is expected to jump to $797 billion by 2018.

The Affordable Care Act has provided some financial relief to Medicare-eligible seniors who would otherwise pay for certain costs out-of-pocket.

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Post Tags: Care Care Act

Types of Life Insurance

Posted by Admin at September 20, 2011
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Although it’s never something that’s very nice to think about, eventually we will all pass away. It pays to have everything in order, to ensure the peace of mind that comes with knowing your loved ones will be provided for after you are gone. However, many people don’t actually take out any kind of life insurance, with around 28 million adults in the UK estimated to be without a life insurance policy.

There are many reasons for this, but one is that people just find the whole process too complicated, and with so many different types of life insurance to choose from, it’s not hard to see why. Full Article…

Post Tags: Life Insurance

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