During the life insurance underwriting process, the insurer requires you to undergo a medical exam to assess the risk of insuring you. If you have an underlying condition such as hypertension, diabetes, or cancer, the insurance provider may deny you coverage due to the high risk, unless your policy is employer-based, according to the U.S. Read More
The 2010 Affordable Care Act (ACA) requires health insurance providers to cover preexisting conditions, per the U.S. Department of Health and Human Services (HHS). While this has enabled millions of Americans to access life insurance so far, insurance companies tend to charge higher premiums for those with preexisting conditions due to the high risk involved. Read More
If you are a full-time employee, you almost certainly have access to life insurance through your employer. Choosing life insurance through work does give you the opportunity to supplement your employee benefits package; however, it is important to ask yourself if you have enough coverage if you simply rely on the life insurance policy offered Read More
While 54% of Americans currently own life insurance coverage, this figure is 10% lower than 10 years ago, according to the Life Insurance Market and Research Association (LIMRA). Even worse, about 20% of the current policyholders are underinsured, mainly because they perceive life insurance to be expensive. While life insurance can be expensive, there are Read More
According to the 2020 Insurance Barometer study from LIMRA, 36% of Americans plan to purchase life insurance coverage in the next year, meaning the intent to buy a life insurance policy is high. With this in mind, here are a few essential tips to get started with life insurance. Evaluate Your Financial Situation You need Read More
When you have been busy for so long, it can be difficult to find a moment to think about the future. For most people, it’s an important part of financial planning. Considering your family’s future financial needs means assessing your need for life insurance. If you are without life insurance currently, that doesn’t mean you Read More
How much life insurance protection is enough? It’s a common question that has a number of answers. While a lost life can never be replaced, life insurance is a good way to protect the lifestyle you’ve built for you and your loved ones. Whether you are a corporate leader or a homemaker, you are a Read More
Having life insurance through work is a real perk to the job. It provides you with some coverage that helps to protect your family when you are no longer around to support them. Yet, you shouldn’t just rely on your work-provided life coverage to safeguard your family’s finances. Taking out your own third-party life insurance Read More
Consider whether you need term or whole life insurance. When you’re in the market for life insurance, you’ll soon find out that there is no one-size-fits-all policy. In fact, there are many different policies to choose from, all with varying coverage and premiums. Part of the search for finding the right coverage for your Read More
What you should know about no-exam life insurance policies. Many people purchase life insurance to help secure the financial stability of their loved ones after their death. In most cases, you must submit to a medical exam in order to purchase a life insurance policy because the insurer wants to assess your risks. From Read More