Comments on: life insurance rates without exam

By: SeriousBusiness

SeriousBusiness — Sat, 24 Oct 2009 12:50:44 +0000

Life insurance rates does not vary by state. Here are the main factors to determine your rate:
1) Your age
2) Your height and weight
3) Do you smoke?
4) Any medical problems?
5) Family medical history.
6) Do you have any diseases like cancer or AIDs?
7) In some companies, they have different rates for men and women.

So mainly, its all health questions. But for car and health insurance, it does vary by location of where you live.

By: BaseballFan4Ever

BaseballFan4Ever — Fri, 23 Oct 2009 06:01:39 +0000

Price is a major factor in absence of value. I will not speak of online quote sites because they are only good for comparing similar policies on price alone, not features.

Insurance Pickle is right about one thing on Primerica policies, they do not have a Convertible clause. They instead of Exchange provisions. Primerica policies, although not the cheapest, is still pretty cheap comparably.

The Exchange provision is a good one, instead of converting to a cash value policy that is probably 2-10 times more than current policy premiums, it automatically exchanges to another level term product based on age alone. If you get seriously ill, it's not an issue.

Don't go with a company or agent that will openly criticize a competitor with out fully knowing the competition.

Point of note, Dave Ramsey recommends Zander Insurance because they pay a good portion of his radio show. He also used to be a Primerica agent. One of the most well respected names in the financial industry was a former Primerica agent. Go figure.

By: anon

anon — Thu, 22 Oct 2009 04:41:16 +0000

Normally, you should be able to get standard rates or slightly better. The problem with chronic psychiatric conditions, is that they have a tendency to lead to one another. Trich, itself, does not pose an additional risk, but trich tends to increase your chances of developing depression, anxiety, and so on later in life.

If you are not getting standard or better rates, ask your insurance broker to look around for you. If he or she is unwilling or unable to, ask another insurance broker to look "informally" for you without sacrificing any formal offer you already have.

Good luck

By: marsh511

marsh511 — Thu, 22 Oct 2009 03:47:56 +0000

The application gives the life insurance co. access to your medical records from a central databank.

Your best bet is to do what you can to fix whatever the problems are (quit smoking, lose weight, start excercising, get the diabetes under control, whatever), wait a few years, and try again.

By: i ♥ my Honda

i ♥ my Honda — Thu, 22 Oct 2009 01:18:05 +0000

Funny you should ask – the profession is called "actuaries". In other words "bead counters" These people set up graphs and charts and figure out exactly to the month and year when somebody will die, based on their sex, age, occupation, health & life styles, who their parents are, if they're still living, if not what they died from, how many children they have, where their ancestors come from, how many sisters and brothers they have and their ages and when they died. Its a business but after they factor all the facts in they decide you will live to a certain age, and everything – boom up comes your rate.

By: MRS.S

MRS.S — Wed, 21 Oct 2009 17:12:47 +0000

NO! It couldn't happen. The one (savings account) has no bearing on the other (life insurance).

If you have ANY doubts pick up the phone and ask the insurance agent.

Hope this helps,

Jim

By: bnnykllr

bnnykllr — Wed, 21 Oct 2009 10:48:04 +0000

You have a lot of variables in that question, most importantly your personal health situation. HMO's are typically cheaper than PPO's as they are more restrictive on the providers you can see. To really answer this question. you should talk to an agent.

I always recommend that people purchase insurance locally through an independent agent, as they will educate and help you on these type of questions. The best way to do this is to get a quote online using a company like http://www.2insure4less.com/?s=233450 or http://www.netquote.com.

You should get a number of calls from local agents who can not only help you save money, but can also answer these type of questions. Local service is a great thing when you have questions or need to call in a claim. Good luck calling an 800 number in who knows where..

Best of luck!

By: stlblw4d

stlblw4d — Wed, 21 Oct 2009 10:38:59 +0000

It depends.

As new actuarial tables are developed, new mortality and expense calculations are developed. If an insurance company creates a new insurance policy that incorporates these new (lower) mortality expenses, then the premiums of the new product will be lower.

But let’s say an insurance company wants to create such a policy on January 1, 2008 and that company is going to do business in all fifty states. The insurance company will have to get the product approved by fifty different state department of insurance. This process may take more than a year.

Here is the bottom line: if you need [term] insurance to protect your family, buy it today. Then keep your eye out for a policy to replace it at a later date. Don’t use the possibility of a lower rate, at some possible day in the future as an excuse to delay getting protection for your family.

By: budorbf

budorbf — Wed, 21 Oct 2009 10:26:04 +0000

Each company has different height/weight charts, so there is no single answer to this question. However, the height /weight charts of several companies are available on the internet, and if you do a search using insure.com and enter your height/weight, it will filter out policies you are unlikely to qualify for.