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Posts Under life insurance application Category

Over Age 60 Life Insurance Buyer Beware!

Over Age 60 Life Insurance Buyer Beware!

Life insurance myth or fact? Are those of us over age 60 really stuck with old people life insurance products like what is represented as appropriate for our age by AARP/New York Life? Is it that we had our chance at traditional life insurance and as soon as the AARP cards started coming in the mail, we weren’t really a good fit for companies like Prudential, Lincoln National or American Gen...
I Will Never Know Enough To Do This Job!

I Will Never Know Enough To Do This Job!

It occurred to me after I had finished getting information for quotes from a man who only had half a diaphragm that gave him less than perfect pulmonary function on that side, coming right on the heels of getting life insurance approval on an HIV+ case, which was preceded by binding coverage for a company CEO to have $1 million in coverage to do counter terrorism work in Iraq and helping another c...
How Do Life Insurance Companies Feel About Your DUI? Both Of Them?

How Do Life Insurance Companies Feel About Your DUI? Both Of Them?

It wasn’t that long ago that if you wrote DUI on a life insurance application it would automatically burst into flames. Why allow it to make it to an underwriter when it was an automatic decline, almost no matter how long ago it was. There used to be a company called Federal Kemper that felt so strongly that the life insurance liver function GGT was an indicator of a life time of drinking th...
A Funny Thing Happened On The Way To The Doctor

A Funny Thing Happened On The Way To The Doctor

A funny thing also happened while I was losing that extra weight…and getting my cholesterol under control…and changing my diet and exercise routine to get my A1c back down to normal so I could get a better price on life insurance. What happened? NOTHING! Nada! People put off applying for life insurance all the time citing just one thing that they need to get past or get done or get ove...
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...
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...
The Life Insurance Risk Hidden In Your History!

The Life Insurance Risk Hidden In Your History!

First we (meaning you) need to come to grips with the fact that your medical history isn’t just in your mind, but more importantly for life insurance underwriting, in your medical records. We never work with a client without doing a thorough review of their medical history in the form of questions by us and answers by you. Let’s lay some groundwork for this. We recognize that your miss...
Life Insurance For HIV Positive A Reality!

Life Insurance For HIV Positive A Reality!

We laid out a rumor about HIV Positive life insurance with all of the appropriate disclaimers yesterday. “This is a rumor and should be treated as a rumor with no guarantees or warranties as to where it came from, if it contains any truth or is nothing more than a belated April Fool’s joke”. Today we are ready to drop the disclaimer and declare the fact that the HIV life insuranc...
The Life Insurance Medical Record Quagmire!

The Life Insurance Medical Record Quagmire!

If everyone would just go to one doctor, or if they can’t accommodate that if they could at least make sure that copies of any other records end up in their primary care doctors records. There, we’ve satisfied our need for a little whine, but for anyone with a health history of any consequence it takes an extra effort on the part of the agent and client to make sure that the life insur...
How Medication Can Affect Life Insurance Risk Analysis!

How Medication Can Affect Life Insurance Risk Analysis!

What medication you take for any particular impairment, whether physical or mental can have an impact on how an underwriter weighs the life insurance risk in your application. We recently shared how a simple change from Lipitor to Plavix rightly raised a life insurance underwriter’s eyebrows. Both are used to prevent plaque build up in arteries, but Lipitor is primarily used to manage lipid...
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