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November 2012

Post image for Applying for Life Insurance Under 50 vs. Over 50

Life Insurance Under 50 vs. Over 50-Do Premiums Substantially Insurance Once You Turn 50? Life insurance rates are based on life expectancy and not a specific birthday. Let me show you an example: A 49 Year old male applying for a $250k 10-year term life policy with Protective Life at the preferred rate class will pay $34.23 a month. That same policy with Protective will cost $37.24 at 50 years old. As you can see the rate goes up at age 50, but not by a lot. (It’s about the same % increase from age 50 to age 51.)  The […]

Post image for Top 25 Life Insurance Company Rankings 2016

The Top 25 Life Insurance Companies In America 2016 The Top 25 Life/Health Writers Ranked by Highest Value of Admitted Assets     These 25 life & health insurers led the pack in terms of 2011 admitted assets. ($ Thousands) Compare rates from the top companies Logo            Rank            Name                          Website          A.M Best Rating  Admitted Assets 1. Metropolitan Life & Affiliated Cos Group MetLife A+ (Superior) $612,890,473   2 Prudential of America Group Prudential A+ (Superior) $424,102,613   3 Manulife Financial Life Group John Hancock  A+ […]

Will Macular Degeneration Affect My Life Insurance Premiums? Macular degeneration or Age-Related Macular Degeneration is a disease that gradually destroys the macula and central vision.  There are some treatment options for wet AMD, which can delay the progression of the disease.  My grandmother unfortunately has AMD and has received some of the treatment options that are available.  It has helped delayed the progression of her vision loss, but it is by no means a cure. The good news as far as purchasing life insurance with this disease is that this macular degeneration will typically not affect your life insurance premiums.  […]

Post image for Life Insurance Eligibility & Rates with Right Bundle Branch Block (RBBB)

Life Insurance Eligibility & Rates with Right Bundle Branch Block (RBBB) Right bundle branch block (RBBB) is a cardiac irregularity seen on the electrocardiogram (ECG or EKG).  RBBB usually occurs in health conditions that affect the right side of the heart or lungs.  RBBB is more common than left bundle branch block (LBBB).  RBBB usually doesn’t require any treatment and don’t have any significant medical consequences. This is good news for those who were diagnosed with RBBB and are applying for life insurance.  The underwriter is going to look at the EKG or ECG, to see the severity of the […]

Can I Buy Life Insurance If I’m On Coumadin? Yes.  You still may be eligible for life insurance if you are currently taking Coumadin.  Coumadin (Warfarin) is used to stop blood clots from developing in your blood and blood vessels.  The underwriter is going to want to know the extent of your health condition in order to see if you are eligible and at which rate class.  The length of time that you are on the Coumadin will also affect your rate and eligibility for life insurance.  Health factors such as Pulmonary Embolism will also play a role in your […]

Post image for Life Insurance Rates & Eligibility with Tachycardia

Life Insurance Rates & Eligibility with Tachycardia Tachycardia is typically defined as a heart rate that is greater than the normal range, over 100 beats per minute.  The good news for those with Tachycardia, is that this condition may not negatively affect your premiums.  If your elevated heart rate is less than 110 then you still may be eligible for the best rating class. Other factors the underwriters may look at to determine your rate class with Tachycardia are: *Are you taking any medications for the Tachycardia? *Ever been hospitalized for Tachycardia? *When was your diagnosed with Tachycardia? *Any other health […]

Post image for Should You Buy The Additional Life Insurance From Your Employer?

Work Life Insurance Low Down   Today I wanted to go over a decision that most people have to make either during open enrollment and or when their individual life insurance expires, and that is; Should I purchase additional life insurance from my employer?   Extra Life Insurance Through Your Employer Most employers will give you a nominal amount of life insurance for free or at a very low cost.  It’s typically 1x your salary or more or a little less depending on your employer.  You should definitely take that.  It’s free or almost free, that’s a no-brainer.  You typically […]

AIG Direct Review

by Scott G on November 12, 2012

Post image for AIG Direct Review

AIG Life Insurance Review American International Group, Inc. (AIG) the multinational insurance company that was famously bailed out by the Federal Reserve in 2008, announced Sunday of further rebranding and use of the AIG name for its core insurance units. The ill-fated decision made by AIG to expand into the credit default swap market caused the company to collapse.  AIG then received a total of $182 billion in bailout funds, making it the largest federal bailout in U.S. history. However, the company is quickly shedding its stigma from the 2008 financial crisis and has returned to profitability.  Fast forward 5 […]

Post image for How Will Being on a Statin Medication (Like Lipitor) Affect My Life Insurance Premiums?

Applying for Life Insurance While on a Statin Medication   Stain medications are among the most prescribed drugs in America. Statins, such as Lipitor, work by inhibiting a substance your body needs to produce cholesterol.  Fortunately, there are many life insurance companies that will not penalize you for treatment of high cholesterol. Rather than looking at the treatment for elevated cholesterol, certain companies will use your actual cholesterol numbers in determining your rating class.  Since each life insurance company has different cholesterol underwriting guidelines, it’s best to tell the agent upfront of your last cholesterol numbers. The Final Word for […]

Post image for Top 5 Reasons Why Procrastinating May Cost You More Money In 2013

Here are the top 5 reasons why you need to stop procrastinating when it comes to purchasing life insurance 1.  You love your family members and want to protect them.  As the old adage goes, “there are only two things in life that are certain: death and taxes”.  Life insurance can offer protection you with respect to one or even both of these certainties.  Life insurance replaces income that you would have earned and protects your spouse and children’s financial future.  Also, it can protect your heirs from estate taxes, for those who are subject to them.  Life insurance protects […]

Post image for How Life Insurance Can Preserve Your Estate and Legacy

Estate Preservation with Life Insurance Contingent on your net worth, leaving a large inherence can be problematic to your heirs if you are subject to estate taxes (federal or state).  A good portion of your assets could be going toward taxes instead of to your beneficiaries.  In addition to estate taxes, your heirs may need time to liquidate your estate so they are not forced to do a “fire sale” of your assets if you were to suddenly pass.  An effective tool many wealthy individuals now use to combat this estate planning issue is life insurance.  By purchasing life insurance […]

Life Insurance 2012-2013---Which Compaines Are Offering The Best Rates

Every life insurance shopper is trying to find the best policy at the lowest price.  Unfortunately, too many life insurance consumers are currently paying much more for their life insurance policy than they need to.  A common theme I see when talking to people about life insurance is that they only contact one or two companies, and thus end up overpaying for a policy.  Countless Americans can either pay less money per month on their current policy or acquire much more coverage for the same price that they are paying now. Let’s look at an example using State Farm.  According […]