Archive for the ‘life insurance’ Category

The Role Medical Exams Play in Life Insurance Policies

Saturday, June 15th, 2013

Medical exams are common requirements for someone seeking a life insurance policy. Common, however, does not mean universal or across the board. In other words, not every life insurance company will require those interested in purchasing a policy to actually undergo a medical exam.

It might seem morbid to note these exams are designed to help gain a determination as to the life expectancy of the person seeking insurance. A person that might not live long can cost an insurance company too much money. Once again, this is a morbid way of looking at life insurance but it is also an accurate assessment of how the life insurance companies look at their applicants.

Again, not each and every life insurance companies will have a medical exam requirements. Reviewing the listings on The State Insurance Guide will quickly reveal there are companies capable of offering a policy without any requirements for medical exams. This will draw in more clients which, of course, is what the life insurance company requires to stay in business. The more customers that pay into the budget of the company, then the more funds will be able to cover the costs of the higher risk members. For those wishing to avoid having to undergo a medical exam, this creates and opportunity.

Do Not Make Common Errors with Naming Your Life Insurance Beneficiary

Sunday, June 9th, 2013

Anyone interested in purchasing life insurance is doing so because they wish the funds to be directed towards someone that will be named as a beneficiary. While this is certainly obvious, there are other aspects to naming a beneficiary that might not be so obvious. Namely, it might be best to name at least two backup beneficiaries. Why is this? Your primary beneficiary may die before you or even the same time as you. As morbid as this may sound, you and two named beneficiaries could be killed in an accident together leaving other family members without a claim to the life insurance policy. Again, this is a rather brutal situation to describe but it does happen and anyone serious about the proper management of a life insurance policy does have to take time out to address such issues.

The ability to do so is not very difficult. You would simply discuss the matter with the broker of the insurance company. (The State Insurance Guide is a great resource for brokers) Instead of naming one beneficiary, it would be wise to have two more listed as this would not be a problem at all as far as underwriting the insurance policy is concerned. To do so can prove to be aid in avoiding an otherwise disastrous situation.

Arriving at the Decision to Buy Life Insurance

Saturday, June 8th, 2013

How do people come about purchasing a life insurance policy? Do most buyers simply possess a fiscal insight that leads them to being proactive about purchasing a life insurance policy because they have an innate understanding that a life insurance policy would be very helpful to their family? In truth, there are people such as this. Their mindset may work in such a way because they are involved in fiscal matters as part of their professional life. Not everyone that buys a policy will do so because they come to a natural realization such a policy is wise based on their current fiscal situation.

So, how do some people realize they would be best served procuring a decent life insurance policy for their family?

As bizarre as it sounds, a brush with the afterlife can lead them to taking time out to buy a life insurance policy.

As morose as it sounds, there will be people that receive a wakeup call about their own mortality that comes quite unexpectedly. A person might be in a terrible car crash, be a victim of a violent crime or suffer a medical emergency. Mercifully, the person ends up walking away from such a situation safely unharmed. The end result of the near disastrous situation is the realization life on earth is precious and, savoy, fleeting.

Through coming out of such a situation, once the person stops stressing over the situation itself, the person might end up asking serious questions about who will take care of the family in the event of a passing. This can lead the person to taking a more critical examination of the listings on http://www.lifeinsurancecompaniesbystate.com/ .

There might end up being more mundane reasons why someone will be so willing to take out a life insurance policy. The person might simply have been advised to do so.

The advice might come seemingly out of the blue, but not from an outright unlikely source. For example, a family member me offer friendly advice about purchasing life insurance. Others might go see a financial planner and be a little surprised the planner may veer away from a discussion about stock and money market accounts and make a mention of acquiring a life insurance policy. Those that see this as being removed from the subject of financial planning might not be looking at the broader picture. Life insurance is all about planning for future financial issues.

The entire reason why a life insurance policy is purchased is to help care for the financial well being of family members in the case the primary head of household passes away unexpectedly. Again, this would be a form of financial planning so it would not be out of the ordinary for a consultant to suggest acquiring such a policy.

Are Your Eligible for a Life Insurance Policy?

Wednesday, June 5th, 2013

There are a few concerns many may have about being approved for a life insurance policy. Most commonly, concerns will center on age and medical issues. Some assume they may be too old to be approved for a policy. Whether or not this will be the case will likely be based on the particular insurance provider in question. Looking over The State Insurance Guide may reveal a large list of different companies to approach about a policy. There will be companies that might be quite difficult in which to procure a policy from.

This is not the case with each and every insurance provider though.

There are insurance companies that might allow a person up to the age of 84 to be eligible for life insurance. Life insurance companies might also have a no medical examination policy. In some cases, both the high age limit and the lack of a requirement for a medical exam would be combined. To say that would make the life insurance company an inclusive one would be a major understatement.

To assume that you are automatically ineligible for life insurance would be a false assumption. Access to a life insurance policy might end up being a lot greater than you think.

Seeking and Finding the Best Life Insurance in Your State

Monday, May 27th, 2013

When you want to acquire life insurance, you must access the best of the best. This means you want the perfect policy that offers the full amount of coverage you require for your family. To do this, you must take the steps to examine all the states within the locality. The State Insurance Guide can greatly help you with finding out all the top services in your area. Once you access a complete list of all the services, you can then take time out to perform the necessary research to discover the best life insurance company to work with.

The research component is a critical part of the process. Calling the life insurance companies directly might not be the best strategy to employ. The reason is you are going to get a sales pitch of sorts from any agent or representative you speak with. Taking time out to research the different life insurance companies prior to contacting them can make any venture worth the effort. A common error many make is they sign on with a life insurance company before really examining it closely. A little research can prevent this from occurring. The excellent guide can help ensure you make the right decision.