No Medical Life Insurance Rates
A life insurance policy is one of the most important things a person can take out against themselves, particularly family members who have children or spouses reliant upon them. A good L.I. policy will mean should you die a big lump sum will be given to the benefactors stated in your policy, which may be a spouse, children, or multiple people named.
It is shocking in this day and age how many people never consider taking out a LI policy, preferring instead to use the money they would be paying into the policy for enjoyment and living, but a L.I. policy isn’t about living. Sure, life is there to be enjoyed and shared as much as possible with your loved ones, but think for a second what will happen to them when you have gone, which could be absolutely any time, as we all know. Will they be able to cope financially, or will they struggle?
This isn’t scare tactics; this is simply the truth of the matter. No person would want to see their family suffer financially whilst they are still alive, and surely you would want the best for them once you have gone. It is only logical.
With L.I. policies the money isn’t dead money which will never be recouped, it is money which is definitely going to be recouped by you’re loved ones when you are no longer around. It is money which they may be reliant upon to help them survive, and is one of the most important things any person can do for their family.
L.I. policies come in many forms; some are from now until you die which are known as ‘whole life insurance policies’, whilst some are taken out for a specific term, known as ‘term life insurance policies’, therefore should you die within the term, there is a payout. Many companies offer vastly different terms, options and benefits, and there is much to be researched before taking out a L.I. policy. One of the most important factors is the life insurance rate. Don’t be misguided into thinking the lower the life insurance rate the better, because this more often than not means the life insurance policy isn’t a good one.
A person’s age and current illnesses or ailments which may in turn lead to death are taken into consideration by the life insurance companies in determining you’re rate and the type of life insurance policy you require. Do some research on the internet and try and find some established reputable companies you can meet with to discuss life insurance policies.
Watch the video related to life insurance rates
www.equote.com No Medical Life Insurance Rates are a convenient way to select a term life insurance policy in the comfort of your home. Call (800) 354-1666 or visit the Equote.com life insurance office at 2731 Shelter Island Dr. San Diego, CA 92106 to learn more about no medical life insurance quotes.
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Posted by American Car Insurance on October 15th, 2009 filed in life insurance | 9 Comments »
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9 Responses to “No Medical Life Insurance Rates”
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October 15th, 2009 at 3:59 am
Check with some of you local l veterans organizations. They all have some type of life insurance policies that they offer their membership.
All offer a $1000 accidental death policy as part of the annual membership dues,. Normally this policy is not worth the paper its written on as it only covers accidental death.
Some organizations will offer a term policy that pays a percentage of the death benefit. for example if you purchase a 10,.000 policy, it would only pay 1000 if you died within the lst year or two. Normally this type of policy does not require a medical examination.
If you are still employed, youir employee may offer some type of life insurance benefits.
Good Luck.
October 15th, 2009 at 4:13 am
~~No, if you have not received treatment for at least 5 years ago, they will not count it against you.~~
October 15th, 2009 at 11:17 am
There are no group policies available to individuals. There are companies that offer "group" policies, especially for the self-employed, but that is nothing more than a marketing gimmick. Those plans are still individual policies, usually not very comprehensive, and are underwritten as such.
Rates for both group and individual policies can be changed. Some policies will change the rate on your birthday while others use an age bracket. Either way in the long run your increases are about the same. The companies also usually have an annual increase.
Visit a local agent that works with all the major companies in your area. The agent can explain how all the plans work and can find the best plan for your situation and budget. There is no extra charge using an agent.
Many health companies also have life insurance or the agent may contract with life companies and will be able to help you.
October 15th, 2009 at 4:53 pm
I got news for you, the older you get the more likely your rate is to go up, because you are that much closer to the old guy with the sythe, and are more likely to die. I would take out the 30 year plan, that is what I have. You might want to consider checking out SBLI if that is in your area. They are pretty low premium insurance.
October 16th, 2009 at 1:23 am
$200 a month for health. Disability is going to depend on how much coverage there is.
October 16th, 2009 at 1:56 am
yes
October 16th, 2009 at 6:46 am
The $900 is to continue your group plan through COBRA? I would stick with that – you're unlikely to find any new individual policy that will cover existing conditions without a waiting period.
October 17th, 2009 at 2:58 pm
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.
October 17th, 2009 at 7:27 pm
Arggg… what a pain. Sorry to hear that.
File a complaint with your state insurance department. They will get it resolved quickly. They will have to prove that he accepted the new rate or will refund your money. Where I am an insurance company has 7 days to respond to a complaint field with the insurance department.
Good luck.