Age is the biggest factor that affects your life insurance premium.Read More
Something can be said for following the crowd, at least when it comes to group life insurance. But if you’re young and healthy, you may find that the cost of an individual life insurance plan can be far less than a group plan.Read More
Age is the single biggest factor that affects your life insurance premiums.Read More
When it comes to age and life insurance premiums, the relationship is directly proportional: The older you are, the more expensive your policy will likely be. But just because your premium increases with age doesn’t mean the likelihood that you’ll be denied coverage increases as well. As with most insurance policies, rates depend on individual factors like health, family history, policy type, your age and occupation. Ultimately, a person’s health – not their age –…Read More
A history of heart disease won’t necessarily flatline your chances of obtaining life insurance at reasonable rates, insurance experts say, provided you have the condition under control and you’re following doctor’s orders.Read More
In order to successfully provide coverage for an applicant, life insurance companies will examine an applicant’s personal history to determine insurability.Read More
When underwriting your life insurance policy, insurance companies will factor in your place of residence to determine your premium.Read More
The concept of non-medical underwriting or no-exam life insurance is not a recent innovation by the insurance industry, but has actually been around since the 1920s.Read More
Almost all term life policies are “annually renewable” after the end of the gauranteed period.Read More
As with everything in life, there are two sides to every story.
Edward E. Graves, author of “McGill’s Life Insurance” says that while some argue that term life insurance is great for those who need temporary coverage or have a lack of funds to buy permanent insurance, others are quick to point out its faults.
One of its great strengths in being temporary can also be its weakness.Read More