Life insurance may seem impossible for those with a criminal record, particularly a felony. But is it that difficult? Let’s learn. After all, most people with felonies do not like to talk about their criminal past, especially when applying for loans, jobs applications, and life insurance. So, it is not surprising that many with a criminal past believe their felony record prevents them from getting life insurance. The truth is otherwise, as while having a…
I can aver that getting life insurance after a stroke can be very challenging but this does not mean that it is not possible or that it can’t be achieved at a rate that is affordable. All it takes is an understanding of how the underwriting process from a specific insurer works and putting in the extra time and effort to preparing a well-motivated application. What Is Underwriting? An underwriter at an insurance company is…
I won’t be wrong if I say that people entering their 40s often scoff at life insurance. It might seem “unnecessary” in their eyes; however, that’s the wrong mindset to have. Life insurance remains an important investment for several reasons, as this is a critical point in one’s life. Imagine a 40-year-old professional with a mortgage, young children, and a mostly dependent family. This professional will require some type of safety net in case they…
Everyone should have life insurance. The challenge for some people is that some companies will be reluctant to accept you if you have a pre-existing medical condition or have certain jobs or hobbies. Guaranteed acceptance life policies exist and are a good option for people who want to get a policy but are worried about their chances of being accepted for a standard policy. You need to take into account that, Guaranteed-issued life insurance is…
Do you need life insurance, how much do you need and when should take out a policy? These are all important questions. Unfortunately, there is no simple calculation or answer to this question as everyone is different and therefore has unique requirements. However, there are some important factors that can help you answer these questions realistically. Do You Need Life Insurance If you have any person (such as a spouse, parents or minor children) who…
Those looking for financial protection and life insurance are concerned about the cost. It pays to find the least expensive life insurance available. This will mean doing some research and obtaining free quotes from different companies. However, determining the least expensive form of life insurance is relatively simple. This is because there are two basic types of life insurance, whole, and term. Comparing the two will help you determine the least expensive. You feel relaxed…
There are many reasons why you may be declined for life insurance. Every insurer has different criteria to assess the risk of providing individual life insurance. Factors such as serious health conditions, severe mental health conditions, or a disability are considered high risk and are often reasons for being declined. High risk basically means that you are more likely to claim from the insurance provider sooner rather than later. The insurer is, therefore, less likely…
Life insurance for seniors is sensitive since most people are heading into the final stages of their lives and require these policies to ensure that their loved ones are well-catered for even after they pass on. Several insurance service providers offer plans, and the piece below reviews some of the ones provided by the AARP program. Guaranteed Acceptance of Life Insurance from AARP This plan is designed for members aged between 50 and 80 and…
Over 70% of Americans state life insurance is important but remain unsure about how it works. This confusion can become one of the main reasons for not signing up or finding a legitimate plan. For anyone that’s in a similar position and wants to sign up with a world-class agency, it’s time to focus on the core details. Here are some of the most important questions regarding life insurance. 1) What is Term Life Insurance?…
Signing up for life insurance isn’t as simple as walking through the front door and putting a pen on paper. It can require additional steps, including blood-related tests, to determine whether or not a person is eligible. These details are mentioned in the contract and will be highlighted to the applicant as soon as he/she speaks to a representative. Life insurance is an essential investment and a great way to protect your loved ones, but…