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Posts Under Approved life insurance Category

Term Life Versus Guaranteed Universal Life! What’s The Difference?

Term Life Versus Guaranteed Universal Life! What’s The Difference?

The quick answer is really nothing other than the length of the guaranteed coverage period. Term life insurance can be guaranteed for as little as 1 year and as many as 30 making it an excellent planning tool for probably 95% or more of all life insurance needs. With younger clients we almost always suggest a 30 year term for the simple reason that, well, when we’re young we really aren̵...
The Risk Of Untrue Life Insurance Information!

The Risk Of Untrue Life Insurance Information!

We know that from our end of the impaired risk life insurance business there isn’t much that is more frustrating than working hard on an application only to have it declined because of information the client withheld. It’s an understandable thing that we don’t all remember 100% of our medical history, but there are plenty of clients who kind of skirt around answers or just don...
HIV Life Insurance For High Net Worth Clients!

HIV Life Insurance For High Net Worth Clients!

Now that there is traditional life insurance available for those who are HIV positive and meet reasonable requirements, it’s time to talk more in depth about who this turn of events will most impact. When we were first told about this breakout underwriting change we were told that there were going to be two companies and that one would be offering only permanent life insurance and the othe...
What Is Too Much Life Insurance Risk?

What Is Too Much Life Insurance Risk?

We had a call today from a man who has been trying and failing to get traditional life insurance (not graded or guaranteed issue) and has stable stage 3 kidney disease. He has been told by all companies he has approached that he cannot get life insurance due to the kidney disease, and to the best of our knowledge that is accurate. The guy was very thoughtful and intelligent and posed great quest...
Over Age 60 Life Insurance Risk!

Over Age 60 Life Insurance Risk!

For any number of reasons those of us over 60 are finding our life insurance needs have changed some from what our parents experienced and really from what our own expectations might have been 20 years ago. Changes in the economic world like the great recession of 2007 are causing some of us to look at sticking with our careers a little longer. Some of us are grandparents and have found ourselves...
Importance Of Life Insurance Good Health Statement!

Importance Of Life Insurance Good Health Statement!

When life insurance policies are delivered to be put in force, part of the delivery receipt is a statement of good health or good health statement. Essentially it is the company politely asking one more time if there is anything that has come up since the application and exam that is worthy of them taking a look at before finalizing the transaction. We got a call from a client this morning who had...
What Would Life Insurance Cost Without Risk?

What Would Life Insurance Cost Without Risk?

Another way to approach that question would be to ask just who it is that presents the least risk and how do life insurance companies determine when extra risk is present. The average life expectancy in the US varies from state to state with Mississippi and West Virginia bring up the lower end at around 75, while Hawaii is a full year better than everyone at 82.7. We’ve heard it put other wa...
The Risk Of Dying Today!

The Risk Of Dying Today!

We occasionally run into some writer’s block having written about life insurance and how to get approved in the face of seemingly insurmountable odds from, it seems, every conceivable angle. It is just so important to us to get the word out to all of those who haven’t received a fair shake in life insurance or who think they can’t be approved or it will be too expensive, that tho...
How Major Is The Life Insurance Risk Of Your Minor Depression?

How Major Is The Life Insurance Risk Of Your Minor Depression?

The question posed and so many other questions like it are the base on which Risk Life and other true impaired risk life insurance agencies are built. The life insurance industry was built on the “bucket underwriting format” where all people with depression or even a past history of depression are put in a bucket that already has a pre-determined underwriting outcome. Essentially the...
Type 1 Diabetes Life Insurance Risk Update!

Type 1 Diabetes Life Insurance Risk Update!

Life insurance underwriters have thrown another curve ball at the guidelines for approving those with juvenile onset type 1 or insulin dependent diabetes. Fortunately they threw it right in the strike zone and it’s proving to be a home run for those buying life insurance right now. The curve ball is definitely a user friendly guideline lowering the age of onset that will be considered from...