What Is a Rated Life Insurance Premium?

What Is a Rated Life Insurance Premium?

During the underwriting process, an insurance company will determine whether or not you qualify for life insurance and, if so, at what rate classification. At this point, the company may determine that the applied for coverage cannot be issued due to an applicant’s health or lifestyle risks. If that’s the case, the company is likely to offer the applicant insurance on a modified (i.e., rated) basis.

Read More

How Does Tobacco Affect a Life Insurance Premium?

How Does Tobacco Affect a Life Insurance Premium?

In any event or situation, the usage of tobacco will increase your premium; the only question is by how much. Every life insurance company treats the different forms of tobacco – cigarettes, cigars, and chewing tobacco – in their own fashion, which is why companies will ask you very specific questions during the application process.

Read More

What are Life Insurance Dividends?

What are Life Insurance Dividends?

A “dividend” on a life insurance policy is unlike the dividend you receive on a share of stock or a stock mutual fund. For tax purposes, dividends are considered a return of a portion of the premiums paid for the policy. They are recommended for only permanent policies rather than term policies.

Read More

How Does Obesity Affect Our Nation’s Military?

How Does Obesity Affect Our Nation’s Military?

Reports show that many Americans are too unhealthy or overweight to qualify for the military, ultimately causing a concern for national security. One report showed that between 2006 and 2011, around 62,000 recruits, who showed up to enlist, failed their entrance physicals due to weight issues. The report also showed that one-quarter of all Americans between the ages of 17 and 24 were too overweight to enlist.

Read More

How dangerous are light cigarettes?

How dangerous are light cigarettes?

According to a survey sponsored by GlaxoSmithKline Consumer HealthCare, smokers believe that “light” and “mild” cigarettes aren’t as detrimental to their health as regular cigarettes and make it easier to quit smoking.

Read More