Term Life Insurance Exam Tips

term life insurance exam tips

When it comes to life insurance quotes, it’s all based on how you were rated. Super-preferred? Preferred? Standard, non-standard, smoking? Declined? Term Life Exam Tips.

When applying for life insurance you want to be truthful. Then, at exam time, you want to put your best foot forward.

Following these term LIFE EXAM tips can help obtain THE BEST RATES

• Fast for four to eight hours prior to the exam and try to schedule
the exam for first thing in the morning, prior to eating
• Limit salt and high-cholesterol foods 24 hours prior to the exam
• Limit caffeine and nicotine 24 hours prior to the exam (can
increase blood pressure, cholesterol)
• Drink a glass of water one hour prior to the exam
• Get a good night of sleep prior to the exam
• Refrain from drinking alcoholic beverages for at least 24 hours
prior to the exam (can increase fat in blood and liver functions)
• Smokers should not smoke 30 minutes prior to exam (tends to
constrict artery walls and elevate blood pressure)
• Avoid the use of nasal decongestants if possible for 24 hours
prior to the exam (can increase blood pressure readings)

Helpful reminders

• Be prepared with a photo ID at the time of the exam
• Provide names and dosages of current medications
• Provide any history of problems associated with providing a
blood sample
• Women should mention to the examiner if menstruating at the
time of exam (can cause blood in the urine specimen)
• Have available names, addresses and phone numbers of any
doctors or clinics visited in the last five years
• Tell the examiner if exercise is a regular activity
• Tell the examiner if vitamins or aspirin are taken on a daily basis
If you have experienced one of the following health conditions, follow these additional guidelines:

Hypertension
• Avoid stimulants (caffeine, alcohol, cigarettes)
• Schedule a morning exam
• Have the examiner take blood pressure after you have had a chance to relax –
three attempts at 10 minute intervals
• Take usual medications

Diabetes
• Schedule the exam for 2½ hours after a meal (no sweets or sugars after the
meal), but if blood is being drawn, fast for eight hours prior to the exam
• Empty bladder right after meal
• Drink one to two glasses of water before the exam

Urinary Specimen Problems (albumin, red blood cells, sugar, etc.)
• Empty bladder right after meal
• Drink two to three glasses of water before the exam
• Avoid sweets or foods with sugar content before the exam
• Avoid strenuous exercise, such as running, for 24 hours prior to the exam
Coronary, EKG Problems
• Avoid stimulants (caffeine, alcohol, cigarettes)

Term Life Insurance Rating Factors

Term Life Insurance Rating Factors

 

 

Term Life Insurance Rating Factors. Rates are all over the place. Low rates, high rates, it all depends on different term life insurance factors:

Age – Let’s face it. It’s not easy getting old. The younger you are, the longer you’re going to live AND the less expensive life insurance is.
Health History – Do you have a history of disease or chronic illness?
Current Health – Are you in good current health? Are you taking medications?
Physical Condition – Are you heavy or lean? Do you excercise?
Smoker – Smokers can still get life insurance policies but the cost is significantly higher.
Drinking –Refrain from drinking alcoholic beverages for at least 24 hours
prior to the exam (can increase fat in blood and liver functions). Drink a glass of water one hour prior to the exam.
(For Additional Life Insurance Exam Tips checkout our: Tips by clicking here.)
Occupation – Are you a professional stuntman?Are you a race car driver?
Hobbies – Do you skydive or bungee jump? Are you a member of Fight-Club?
Family History – Are your parents and sibling still alive? Is there a history of family illness or disease?
Gender – Life isn’t always fair. Women live longer than men AND pay less for life insurance.
So, there we have it folks, our Term Life Insurance Rating Factors.
It’s good to be young, healthy, work in an office, and play board games with your great grandparents!
If you’re looking for rates, try our site: MassQuotes.com where you can compare term life insurance rates at no cost from top-rated companies in seconds.

Life Insurance and Covid-19

Life Insurance and Covid-19

 

 

 

There’s no doubt that the coronavirus pandemic has taught us a number of valuable lessons, one of which is how financially vulnerable we are.

Many have witnessed first-hand how quickly life can change and perhaps been reminded of the importance of having financial protection in place.

If you’ve been motivated to take out life insurance since COVID-19, here’s what you need to know.

What is life insurance?

Life insurance pays out a lump sum to your family or other dependants if you pass away during the term (length) of the policy. It offers peace of mind that your loved ones would be financially protected if you were no longer around to provide for them.

Effect of COVID-19 on life insurance

While coronavirus has had a huge impact on the insurance industry as a whole, the life insurance sector has been left relatively unscathed. There has been no evidence of life insurers pulling out of the market, premiums have remained steady and COVID-related claims are being paid.

Life insurance is still readily available to buy and – whether new or existing – policies will cover coronavirus.

And, while the process of applying for life insurance is taking longer as insurers have been updating their underwriting processes, these issues have been largely resolved and application times have improved.

One undeniable change however, is the introduction of COVID-19-specific questions on life insurance application forms.  Insurers are asking a few more questions and underwriting has tightened in some areas, especially for those with diabetes, asthma or who might be overweight.

This means that when you run a life insurance quote, you’ll need to answer questions such as:

Within the last 30 days have you:

  • tested positive for coronavirus?
  • been advised to self-isolate?
  • had any symptoms of coronavirus?
  • been in direct contact with anyone who has been diagnosed with or who is suspected of having coronavirus?’

If you answer yes one or more of these questions, your life insurance application is likely to be postponed – how long for will depend on the insurer but it’s often around a month (after the point of recovery if you actually contracted the virus).

And if you have suffered particularly serious symptoms, for example if you were hospitalised, your application could be postponed for longer.

It’s crucial you answer these and all other questions honestly however, and don’t fail to disclose pre-existing conditions. If you ever make a claim and your insurer discovers you were dishonest, it may well be rejected.

Can I still get cover with a pre-existing condition?

The short answer is yes, but it will depend on the type and severity of the condition, and many insurers have become more selective about who they accept.

If your condition puts you at greater risk from COVID-19, such as asthma and diabetes, or you’re over 50 years of age, you may find it harder to get life insurance coverage, while those insurers that do offer cover are likely to charge higher premiums.

It is typical for the insurer to review your medical records from your General Practitioner before making an offer. You will also likely need to have a medical examination, called a paramedical exam. These usually only last around 20 to 30 minutes and involve answering some questions about your health and lifestyle, as well as having your height, weight and blood pressure checked, and having a blood or urine sample taken.

If you’re concerned you won’t be able to find coverage, it’s worth speaking to an independent agent, like Johnson & Rohan, whose experts will discuss your options and help find you the most appropriate coverage.  Our agency works with over 70 life carriers- we’ll find you the best available coverage and premium.

 

Life Insurance in the Time of Covid

Life insurance and covid

 

 

 

 

Life Insurance and Covid-19

There’s no doubt that the coronavirus pandemic has taught us a number of valuable lessons, one of which is how financially vulnerable we are.

Many have witnessed first-hand how quickly life can change and perhaps been reminded of the importance of having financial protection in place.

If you’ve been motivated to take out life insurance since COVID-19, here’s what you need to know.

What is life insurance?

Life insurance pays out a lump sum to your family or other dependants if you pass away during the term (length) of the policy. It offers peace of mind that your loved ones would be financially protected if you were no longer around to provide for them.

Effect of COVID-19 on life insurance

While coronavirus has had a huge impact on the insurance industry as a whole, the life insurance sector has been left relatively unscathed. There has been no evidence of life insurers pulling out of the market, premiums have remained steady and COVID-related claims are being paid.

Life insurance is still readily available to buy and – whether new or existing – policies will cover coronavirus.

And, while the process of applying for life insurance is taking longer as insurers have been updating their underwriting processes, these issues have been largely resolved and application times have improved.

One undeniable change however, is the introduction of COVID-19-specific questions on life insurance application forms.  Insurers are asking a few more questions and underwriting has tightened in some areas, especially for those with diabetes, asthma or who might be overweight.

This means that when you run a life insurance quote, you’ll need to answer questions such as:

Within the last 30 days have you:

  • tested positive for coronavirus?
  • been advised to self-isolate?
  • had any symptoms of coronavirus?
  • been in direct contact with anyone who has been diagnosed with or who is suspected of having coronavirus?’

If you answer yes one or more of these questions, your life insurance application is likely to be postponed – how long for will depend on the insurer but it’s often around a month (after the point of recovery if you actually contracted the virus).

And if you have suffered particularly serious symptoms, for example if you were hospitalised, your application could be postponed for longer.

It’s crucial you answer these and all other questions honestly however, and don’t fail to disclose pre-existing conditions. If you ever make a claim and your insurer discovers you were dishonest, it may well be rejected.

Can I still get cover with a pre-existing condition?

The short answer is yes, but it will depend on the type and severity of the condition, and many insurers have become more selective about who they accept.

If your condition puts you at greater risk from COVID-19, such as asthma and diabetes, or you’re over 50 years of age, you may find it harder to get life insurance coverage, while those insurers that do offer cover are likely to charge higher premiums.

It is typical for the insurer to review your medical records from your General Practitioner before making an offer. You will also likely need to have a medical examination, called a paramedical exam. These usually only last around 20 to 30 minutes and involve answering some questions about your health and lifestyle, as well as having your height, weight and blood pressure checked, and having a blood or urine sample taken.

If you’re concerned you won’t be able to find coverage, it’s worth speaking to an independent agent, like Johnson & Rohan, whose experts will discuss your options and help find you the most appropriate coverage.  Our agency works with over 70 life carriers- we’ll find you the best available coverage and premium.

 

Term Life Insurance: Best Gift Money Can Buy

Term Life Insurance is the Best Gift Money Can Buy

MassQuotes suggests, if you have dependents, Term Life Insurance: Best Gift Money Can Buy.

How much term life insurance? As much as you can afford.

“Term Life Insurance might be the most generous, least selfish gift a person can leave their surviving loved ones. In other words: it’s the best gift money can buy.

Life Insurance can be a great solution for financial responsibilities such as: family protection, consumer debt, dependent care, education, funeral costs and mortgages.”

For a young, healthy couple starting a family, rates are surprisingly low.

27 year old man, non-smoker, with good family medical history can secure a $500,000 face value, 10 year term policy for as little as $17.37 per month ($208.44 annual).

27 year old female, non-smoker, with good family medical history can secure a $500,000 face value, 10 year term policy for as little as $13.33 per month ($159.96 annual).

Term Life Insurance offers the biggest bang (face value) for the buck. For loved ones left behind, Term Life Insurance: Best Gift Money Can Buy.

 

 

Life Insurance Reminder

Life Insurance might be the most generous, least selfish gift a person can leave their surviving loved ones …

life insurance reminder

Life Insurance might be the most generous, least selfish gift a person can leave their surviving loved ones.

Term life insurance rates are extremely low right now.

If you have a term life insurance policy already in effect, you may want to re-apply.

If you can get in a more preferred category, extend your policy term, and pay less money, then it may be worth the effort (application & medical exam etc.) to re-apply.

Please call or click us to discuss.

Life Insurance Reminder

If you have a term life insurance policy already in effect, you may want to re-apply …

If you have a term life insurance policy already in effect, you may want to re-apply.

Term life insurance rates are extremely low right now.

If you can get in a more preferred category, extend your policy term, and pay less money, then it may be worth the effort (application & medical exam etc.) to re-apply.

Please call us to discuss.

Term Life Insurance

It makes sense to protect what you value. You insure your car, your home, and your valuables. What about you and your family? Without life insurance, you leave your family open to risk.

It makes sense to protect what you value. You insure your car, your home, and your valuables. What about you and your family? Without life insurance, you leave your family open to risk. If you have a policy in place perhaps you should think about replacing or adding another. You should review your life insurance every time a major change happens in your life – a marriage, birth of a child, purchase of a house, or starting a business. Fortunately, life insurance can be surprisingly easy and affordable. It’s cliché but “life insurance isn’t for the people who die. It’s for the people who live.” We have the most competitive markets for life insurance in the state including rates from SBLI and Banner Life along with many other companies. Please give us a call if you would like to get rates or discuss.