Comments on: No Medical Life Insurance Rates

By: tia r

tia r — Sun, 18 Oct 2009 01:27:48 +0000

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.

By: marsh511

marsh511 — Sat, 17 Oct 2009 20:58:12 +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: The New "Dolemite"

The New "Dolemite" — Fri, 16 Oct 2009 12:46:23 +0000

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.

By: Ellie

Ellie — Fri, 16 Oct 2009 07:56:33 +0000

yes

By: Mandy

Mandy — Fri, 16 Oct 2009 07:23:44 +0000

$200 a month for health. Disability is going to depend on how much coverage there is.

By: DrewS

DrewS — Thu, 15 Oct 2009 22:53:29 +0000

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.

By: Cyndee

Cyndee — Thu, 15 Oct 2009 17:17:34 +0000

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.

By: Sparkle21

Sparkle21 — Thu, 15 Oct 2009 10:13:49 +0000

~~No, if you have not received treatment for at least 5 years ago, they will not count it against you.~~

By: mindracer

mindracer — Thu, 15 Oct 2009 09:59:41 +0000

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.