Heart Disease and the High Cost of Life Insurance

As with any insurance, it is very important to keep paperwork and/or company name available to your beneficiaries when the time arises. It is as simple as registering on a life insurance database to guarantee this information will never get lost and become a lost life insurance policy.

Everyone should take their health seriously. When it comes time to shop around for your insurance, and you have health factors like high cholesterol or high blood pressure, you’ll probably be a little concerned about getting adequate coverage or even getting affordable coverage. Worrying about your expense isn’t going to do those hearth-health risk factors any good so don’t! Insurance companies look at the whole picture of your health, not just if you’re at risk for heart disease. They look at your weight, lifestyle, age and other significant factors like alcohol and tobacco use. Just know that the more risk factors you have the more likely it is you’ll have to pay significantly higher insurance premiums.

Two or more risk factors might effect your insurance rates. Only having high blood pressure, for example, probably isn’t going to eliminate you from getting a policy or keep you paying higher premiums. Even if you have two or more risk factors you may still be okay since you’ll have to prove you’re taking the necessary precautions by following your doctor’s orders, taking the prescribed medicines as you should, and making an effort to get your health right where it needs to be to be healthy. They may even cut your rates more. Blood pressure and cholesterol levels are important, to be sure, but age and gender also play big factors in those risk factors. The insurance underwriters have all the charts to compare the facts when it comes to deciding how much of a risk you are and how much to insure you for.

Stay current with your medications, taking them as your doctor has prescribed them. Following what the doctor says and trying to stay healthy are important if you don’t want your insurance to go up. By not following orders and trying to maintain a healthy lifestyle you could run the risk of higher premiums or denied coverage. Ignoring the problem or risk factors isn’t going to change the outcome of the life insurance exam and you’ll still pay a higher rate. If your risk factors are under control without using medications you most likely won’t be charged the higher premiums.

When applying for life insurance you’ll be required to take some kind of medical exam and you’ll have to supply medical records and a medical history for the underwriters. Sometimes even someone who doesn’t think they have any underlying risk factors for heart disease gets a rude shock: the exams has uncovered they have one or more risk factors for heart disease. It’s part of the reason the life insurance exams are so important; often people don’t even know something is wrong. Even if they do find something unfavorable you’ll probably still be offered their standard premium, meaning it will most likely be higher than a preferred classification (and probably not was originally quoted) but you won’t be denied insurance coverage. You’ll receive a letter detailing the findings of the exam and you’ll probably want to contact your doctor to go over the results together. It may be possible, with the right course of treatment and exhibiting a willingness to limit and control your risk factors, your rates will be readjusted.

Until next time, Michael Hartmann http://www.findyourpolicy.com/

Always remember our Mission Statement

“TO BE THE BEST IN SERVING OUR MEMBERS BY PROVIDING PEACE OF MIND THAT THEIR BENEFICIARIES RECEIVE THEIR INHERITANCE”

What Not To Do When Buying Life Insurance

So you’re taking the big step and purchasing a life insurance policy. Good for you! If you’re young you’re already ahead of the game since premiums get more expensive the older you are. Before you think it’s smooth sailing from here on in, just know there are a few things you should avoid when you’re buying.

As with any insurance, it is very important to keep paperwork and/or company name available to your beneficiaries when the time arises. It is as simple as registering on a life insurance database to guarantee this information will never get lost and become a lost life insurance policy.

First things first: don’t lie on your policy application. Maybe you want to cook the books a little and adjust your answers to possibly get a better rate. Even an honest little white lie about the cigarette you shared at the club party two days ago counts. Some people choose to lie about tobacco use, some lie about traffic violations. Just know that any lie will probably be found out since the life insurance company will ask for documentation. And then you could be denied coverage.

You may also be tempted to wait to buy life insurance until when you’re ready. But the older you get the closer you are to dying and every year that goes by without insurance is a year your premiums get more expensive. It’s easy to think that since you’re healthy now you will be next year or the year after that. But no one’s health is a sure thing and if something happens before you purchase that policy you may be paying more than you ought to or even be ineligible.

Don’t be tempted by any life insurance policy that doesn’t require some form of medical exam. Those policies might not have the coverage you need at an affordable price point. Shop around. See what’s out there. It may also be in your best interest to avoid going to the doctor’s office right before your insurance exam anyway. What if something shows up at the appointment? Something that could cause problems with your policy or premiums? By all means don’t skip your regular exams. But know they’ll want to review your medical history as well.

Probably the number one way to ruin your coverage is to purchase too little of a policy. If you don’t have enough coverage you’re only setting your loved ones up for failure after you’re gone. Go over your expenses and take a close look at your individual situation. Will your coverage pay off all your debt and provide an income for your family? Could it pay for those work-related benefits they’ll lose once you’re gone – health insurance, retirement funds, child care etc? Take a hard look at the expenses your family will have over the next couple of decades and then buy enough life insurance to get them through to the other side.

Some insurance companies will want to know your travel plans, too. Traveling to South America to do a little rafting down the Amazon? Going on another African safari? Hold out on making any of those trips until long after you have a policy working for you. The less risky your behavior the more likely you are to be accepted for coverage.

Think of your life insurance policy as an investment in the future of your family and loved ones. Educate yourself about what’s available and take a good look at what you (and your family) are going to need. Then don’t hesitate any longer. The sooner you act the better.

Until next time, Michael Hartmann http://www.findyourpolicy.com/

Always remember our Mission Statement

“TO BE THE BEST IN SERVING OUR MEMBERS BY PROVIDING PEACE OF MIND THAT THEIR BENEFICIARIES RECEIVE THEIR INHERITANCE”

Accidental Death and Dismemberment Policies

Sometimes there are subjects or topics we’d rather not think too much about; they’re too unpleasant or distasteful to think upon for very long. Losing a limb or suffering some other form of accident that causes a disabling, or deadly, condition is probably one of those shared by many of us. It is also natural to not want to deal with any possible solution or occurrence of that type of scenario so usually we don’t. Continue reading

Lost Life Insurance Database, Leave a Lasting Legacy with Life Insurance

Unclaimed Life Insurance, missing life insurance are two sentences that no one wants to hear. Let life insurance protect your loved ones if something happens to you and register on a lost life insurance database to guarantee they will find it.

Life insurance offers a benefit that many people don’t even realize which is the benefit of enjoying your retirement savings. Continue reading