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Keep That Deal From Collapsing With Instant Business Life Insurance!

Keep That Deal From Collapsing With Instant Business Life Insurance!

At least once a week we get a call from a business that is about to lose a loan opportunity, sometimes even a chance to sell or merge the company, but they’ve been declined for life insurance that would be collateral. They are out of time and can’t afford to go through a whole new underwriting process. The bank or the buyer are ready to close and the life insurance needs to be in place...
Is Your Anxiety Really A Life Insurance Mortality Risk?

Is Your Anxiety Really A Life Insurance Mortality Risk?

Mood disorders have varying degrees of control just like any physical disorder. If you are type 2 diabetic and have an A1c that stays in the mid 6’s because you tend to the business of monitoring and treating the disease, it’s considered well controlled by life insurance underwriters and is rewarded with better approved rates than if your A1c averaged 8.5. If you used to weigh 250 poun...
Let’s Meet In The Middle On Business Life Insurance!

Let’s Meet In The Middle On Business Life Insurance!

It happens all too often so we might as well divulge the antidote to one of the most common problems with business life insurance. What happens when the bank mandates, your partnership, or the board of directors of your company tell you that you need life insurance to protect the liquidity of your company, and your personal health or maybe your lifestyle or hobbies make that task much easier said...
Life Insurance Over 50 Urban Myth Busted!

Life Insurance Over 50 Urban Myth Busted!

As long as we’ve been involved with life insurance, which puts us in the over 50 and at least one over 60 age categories, turning age 50 has been blamed for everything from being declined for life insurance to prices and assumed risk quintupling if that’s a word. While we would be the last to tell you that life insurance just gets cheaper as you age, the idea that age, any age is cause...
Conversion With American General Hits All Time Low!

Conversion With American General Hits All Time Low!

We are currently working with a CEO of a world wide company who came to the end of his 10 year guarantee term on both his $10 million key man business life insurance policy and his personal $5 million dollar policy. It shouldn’t have been an issue for the American General agent to provide a new term policy, but this executive had developed a few life insurance wrinkles in that 10 years, most...
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...
Bipolar Life Insurance Risk Discussed!

Bipolar Life Insurance Risk Discussed!

We work with a lot of life insurance clients who have mood disorders and their assumption about mood disorder underwriting and why so many companies don’t give a fair look, is that the companies are worried about potential suicide. It’s our opinion that if you take a survey of the population of average folks and those with well controlled mood disorders, including bipolar disorder, the...
Choose Your Life Insurance Company With Some Caution!

Choose Your Life Insurance Company With Some Caution!

We know that the Protective Life group of companies, which includes acquisitions such as Chase Life Insurance and wholly owned subsidiaries like West Coast Life and Empire General, have been decidedly customer unfriendly for years. It was four of five years ago that they very quietly removed their GUL, guaranteed universal life, products from their customer options for term conversion. It was done...
Managing Your Own Medical Risks!

Managing Your Own Medical Risks!

In this day of over testing, over medication and over reaction on the part of many doctors, who among us doesn’t occasionally provide our own second opinion and decide that we no longer need some treatment, test or medication? Sometimes it’s a budget decision and other times we just don’t how a medication makes us feel or can’t see the need for further on ongoing testing. W...
The Risk Of The Bird In The Hand Flying Away!

The Risk Of The Bird In The Hand Flying Away!

There is probably nothing a life insurance client hates worse to hear and a life insurance agent hates worse to deliver than the news that an application has been rated at a higher premium than expected. While not the end of the world and certainly, for us, not the end of the search for insurance at the best possible price, it brings up an interesting quandary. If you already have a policy in forc...
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