Life Insurance No Exam Coverage - Pros and Cons
Reader’s Question:
A life insurance agent here in Fort Lauderdale, Florida is selling me life insurance coverage without the need to get a medical exam. Is this recommended?
Elkin
Fort Lauderdale, FL
It’s good that you asked. Life insurance no exam coverage is one of those things that will either work for you or against you. Not everyone will benefit from buying this type of life insurance so it pays to review and understand very well whatever kind of life insurance is being offered to you.
Life Insurance No Exam: Advantages
No Exam life insurance is good for people who get repeatedly rejected coverage due to a poor state of health. This is also beneficial to people who may participate in hazardous/dangerous lifestyles or activities. No exam life insurance policies are also processed much quicker to process and can therefore reduce the time needed to get the policy enforced.
Disadvantage of No Exam Life Insurance
Compared to the average life insurance rates, no exam coverage are more expensive. This is because by skipping the medical test, you are automatically placed on a higher risk-category. The insurer has no idea about your state of health and other factors that can help them approximate your lifespan.
The Verdict
If there really is no reason for you to skip the medical exam, it is highly-recommended that you take it. There’s no reason to pay more rates unnecessarily if you can prove that you qualify for better rates by passing the medical test. However, if you have a medical condition preventing you from getting life insurance, a life insurance no exam policy is your best option.
Tags: life insurance no exam
Tips For Finding Affordable Life Insurance Companies In Fort Lauderdale Florida
Reader’s Question:
How can I find the life insurance companies that provide the most affordable rates?
Alexander
Fort Lauderdale, FL
Good question. In order to find the life insurance companies that have the most affordable rates, you must have an effective way to search for them. Life insurance brokers or agents can certainly help you find one eventually, but they cost too much time and sometimes asks for a fee. The best way to go about this is to use one of the many life insurance portals, dedicated websites for life insurance offers and rates, found on the Web.
Like this website you’re on right now, many of these portals have a free, no-obligation quote search tool that you can use to get the most up-to-date rate quotes and offers, coming from a wider range of insurers available. This maximizes your chances and ability to easily spot the providers with the most affordable rates there in Fort Lauderdale.
Shopping online for the cheapest life insurance rates may not be enough, here are a few other tips to help you get the mot bang for your buck:
• Group life insurance coverage are not the most recommended kind of life insurance, most high-risk members makes rates bigger for everyone else. So unless you’re getting group life coverage from your provider, stick with individual life insurance policies instead.
• Smoking not only poisons your body, it also makes you pay for life insurance rates that are three to four times more expensive. Smoking obviously poses serious health hazards and the sooner you quit the better.
• No-Exam Life Insurance policies are very expensive. So if you are in good health there is no reason for you not to take that physical exam. The money you can save can be worth hundreds of dollars a year.
• Start early. While you are young and healthy, life insurance companies are virtually throwing cheap rates at you so take advantage of this.
Tags: life insurance companies
Switching Life Insurance Coverage Fort Lauderdale Florida FL
Reader’s Question:
I have had a life insurance policy I’ve been paying for quite some time now here in Fort Lauderdale, Florida, but I’m seeing much more affordable life insurance quotes from other companies lately, should I switch carriers?
Heathe
Fort Lauderdale, FL
As a customer, you have every right to enjoy the most competitive rates and offers available. In fact, with the kind of economy the whole world is going through right now, you might say it is quite necessary to re-assess your expenses and find out how to cut corners effectively. however, you may want to evaluate all of your options first before jumping to another company, especially when it comes to your life insurance coverage there in Fort Lauderdale, Florida.
Here are a few things to consider before switching life insurance carriers, remember that just because something is cheap doesn’t mean it is the best:
• Your age has a direct impact on how competitive of a coverage you can expect to get. The older you are the more expensive premiums are likely to get, even with the most competitive insurance carriers. You might end up paying more by switching to a new company as compared to if you stayed with your old one, because of your are older now.
• Would the new insurance policy have the same or better coverage than what you already have? You don’t want to end up with less than what you started with.
• How long is the policy’s “Contestable Period”? This basically refers to the holding period of your policy where an insurance company might opt not to pay the death benefits should you die within this time frame. (This is to protect insurance companies from fraud or those who decides to get insurance before committing suicide).
Tags: Affordable life insurance, life insurance offers, life insurance advise, life insurance companies, life insurance quotes
Life Insurance For Overweight Individuals Fort Lauderdale Florida FL
Reader’s Question:
I don’t understand why a life insurance provider here in Fort Lauderdale, Florida would charge more on premiums just because someone is overweight, can you explain?
Sarah
Fort Lauderdale, FL
The reason why life insurance premiums are higher for obese and overweight people would be due to the long-term implications caused by excessive weight towards an individuals health and lifespan. Life Insurance is all about the business of risk. Any medical or health conditions that you have, the type of jobs you take and the type of activities you participate in would all be constantly evaluated by your life insurance provider there in Fort Lauderdale, Florida to determine if you will have a long life. The higher your risk of dying the higher life insurance premiums you will be charged by the provider to compensate for the said risk.
So being overweight exposes you to higher risks of contracting illnesses such as diabetes, high-cholesterol levels, hypertension (high blood pressure), coronary heart disease, sleep apnea and a plethora of other illnesses that could cause you to die sooner. Another reason that life insurance premiums for overweight people are so high is due to the escalating number of people in the country that are overweight or obese (more than a hundred million Americans to date are overweight and about 62 million adults are considered to be obese) further increasing the risk life insurance providers take to provide coverage. The good news is that if you are able to show you live a healthy lifestyle and is taking steps to manage your weight, you could expect your insurance premiums to go down.
Tags: Obesity Life Insurance, Life Insurance, Advise, Life Insurance Information
Non-Smoker Life Insurance Coverage For Lauderdale Florida FL
Reader’s Question:
Would I benefit more from a Life insurance policy if I am a non-smoker? I would want to get one since I just had a daughter.
Laquisha
Fort Lauderdale, FL
Yes, you will definitely save a lot of money by being a non-smoker towards your life insurance costs there in Fort Lauderdale, Florida. On average, smokers pay three times more for life insurance as would a non-smoker with the same amount of death benefits or “Face Value” amount on the same life insurance policy. If you go through various life insurance portals on the web and run a life insurance quote check, you will notice the significant difference between those who are tagged as “smokers” and those who aren’t with most, if not all, life insurance providers. For example, one provider may quote you $27.00 monthly for a “Face Value” worth $500,000 while the same carrier will quote someone who smokes roughly $68.00 with the same Face Value.
Life Insurance Providers reward people who maintain a healthy lifestyle. Smokers, apparently get the shorter end of the stick. By staying away from cigarettes and too much alcohol as well as other unhealthy, even, hazardous substances, they lessen the chances of dying pre-maturely or getting long-suffering illnesses. The lower your risk of untimely death, the lower the risk of a life insurance provider having to pay lots of money in death benefit and the more their business grows, so discounts are passed onto you in the form of lower rates. As mentioned, shop around Online for the lowest rates you can get on a Non-smokers life insurance policy.
Tags: Smokers Life Insurance, life insurance, advise, life insurance information
Whole Life Insurance Florida FL
Reader’s Question:
Are there insurance companies here in Florida that offer whole life insurance?
Carol
Fort Lauderdale, FL
Yes, Carol, there are companies in Fort Lauderdale, FL that offer whole life insurance policies. If you are considering getting an insurance, take time to think about why you need it and what type of insurance is best for you!
Having a life insurance is a sure way of protecting your family should death unexpectedly occur. It’s an assurance that even though you’re not there anymore, you will still be able to provide for your family through death benefits from the whole life insurance.
According to recent surveys, vehicular accidents are the primary cause of accidental death throughout the United States for adults and children alike. Not to mention tumors, cancers and heart disease for older adults. With these statistics, you need to have a way to protect you and your loved ones should any of these tragedies happen. One sure way of doing so is by having a whole life insurance.
With whole life insurance, you are insured for the rest of your life. Aside from this, premium amounts will not increase yearly. And together with a cash value that increases over time, a whole life insurance is definitely a must for you.
If you need more information regarding premium amounts, then simply go online so you can compare quotes from different insurance companies.
Tags: life insurance, term life insurance, whole life insurance
Cheap Smoker Life Insurance Rates Fort Lauderdale Florida FL
Reader’s Question:
I’m afraid being asthmatic and smoker at the same time will cause my life insurance rates to go high. Is there anything I can do to get affordable rates if I buy life insurance in Fort Lauderdale, Florida?
Vincent
Fort Lauderdale, FL
Well, I shouldn’t lie to you. Smoking asthmatics definitely get one of the highest life insurance premium rates in the market nowadays. Smoker rates are up to 3 times more expensive than the regular non-smoker life insurance rate. On top of that, there will be a surcharge on that life insurance policy if you are also asthmatic.
However, you can give substantial proof to your life insurance provider that you take care of your health condition by paying regular visits to your doctor to monitor your asthma. If you have low to zero asthma attacks, that could indicate that you are responding well to treatments, which can possibly reduce your life insurance premium rates in Fort Lauderdale, Florida.
When it comes to your smoking, it always makes sense for you to quit slowly if you can. Asthma can be triggered by smoking and that can lessen your chances of being considered for more affordable life insurance policies. Quitting will not only help you treat asthma, but can also help your body regenerate properly, and eliminate other possible illness. Smoking still remains to be the top cause of chronic illness and health complications.
Try to shop for free quotes online for you to assess the price range of life insurance premiums in your area. You can simply use rates comparison form as shown in this web page which can route you to some free quotes from life insurance providers in Fort Lauderdale, FL that you can compare.
Tags: cheap smoker insurance, cheapest life insurance, smoker life insurance
Cheap Life Insurance Rates Fort Lauderdale Florida FL
Reader’s Question:
I am a single parent and I fear for my son’s future. I have two boys, 8 and 6, and I’d really want to secure their future and I know that I can do this by getting life insurance in Fort Lauderdale Florida FL. Trouble is, I don’t know how much I should apply for.
Dominique
Fort Lauderdale, FL
Hello, Dominique, and hello to your two boys as well. It must be a wild home you have, huh? I myself have a boy of my own and I just can’t keep up with him! He never seems to run out of energy or naughty ideas. But for me, Dominique, I wouldn’t have it any other way and I’m sure you wouldn’t either. But you must be a super woman to be raising two boys on your own, wow!
You have a looong way to go, Dominique dear. And getting life insurance is one of the best decisions you can ever do for them. When you calculate how much benefits you want to apply for, it might be a good idea to come up with at least two lists – a wish list and a can-do list. In your wish list, include every expense you have right now – school, day care, tutorials, sports activities, food, transportation, housing, clothing, vacations, utilities, and everything else you can think of (or would like to do, after all, it’s a wish list), and calculate this depending on how long you think your boys will be needing support. Add the future expenses that you expect and that would usually be college education.
There may also be immediate expenses that need to be settled right after you pass away including medical bills, funeral expenses, outstanding loans and mortgages. If you’d like to leave them with more then increase this by some percentages, or if you are able to do more complex calculations you can factor in inflation. The amount you get here is your wish list death benefit. You can go online and get free quotes, similar to what you have at the top of this page, or you can talk to a couple of insurance companies in Fort Lauderdale Florida.
You will see how much premiums you have to pay and for how long for this kind of package. If this is too much for you, that’s the time you go to your can-do list. What is the death benefit amount that your boys can do with, and you can comfortably pay now? You might want to remove some vacation, and other expenses that are not utterly necessary, and one your boys can do without.
Go online again and check if the premiums asked for this package is already within your reach. This may be an iterative process that needs patience, or of course the insurance professionals in Fort Lauderdale Florida can help you do this. Either way, Dominique, you have to start somewhere.
Tags: cheap life insurance, life insurance leads, life insurance online, life insurance options, life insurance rates
Life Insurance Quotes Online Fort Lauderdale Florida FL
Reader’s Question:
I just had divorce and as part of the settlement, I am required to provide life insurance here in Fort Lauderdale Florida FL. It was not specifically identified which one but I want to ask your suggestion regarding the matter.
Harold
Fort Lauderdale, FL
How come that divorce is always associated with life insurance? Anyway Harold, this is always been the scenario. Each time a divorce case arise life insurance is always part of the settlement. My recommendation is decide between term life insurance and whole life insurance. For now, get in touch with your life insurance agent in Fort Lauderdale Florida FL. Also make your financial status and medical records available for review. This way the insurance agent will not have a hard time laying outing your choices in compliance to the divorce settlement.
Your financial status will dictate the course of your choice between term life insurance and whole life insurance. To give you an overview of your life insurance options, whole life insurance you are actually not just building a mere insurance. You are also building cash value, which in return you will be the owner when the right time comes. While with term life insurance, is purely insurance only. You’re not building for any cash value, but what’s good with this is that the premium rate is lower. If ever you’ve decided to grab the term life insurance, it’s advisable that you get the renewable term life insurance. Both whole life insurance and term life insurance provides death benefits just in case any thing could happen. If there will be limits set on your life insurance policy as part of the settlement, immediately inform your life insurance agent in Fort Lauderdale Florida FL.
You can also try to shop for free life insurance quotes online using insurance sites like this one.
Tags: life insurance leads, life insurance online, life insurance options, life insurance quotes
Life Insurance Fort Lauderdale Florida FL
Reader’s Question:
My 5 year old child has physical disability which is inborn. I am worried about his future and I am hoping there is any government or private insurance product that will help me save for and fund his future care.
Jofy
Fort Lauderdale, FL
Although many disabled children and adults receive benefits from two government programs, Supplemental Security Income (SSI) for disabled individuals and Medicaid, no government or private insurance product has been created specifically to save for and fund the future care of disabled children. A very common insurance product called life insurance can play a critical role in securing your child’s financial future in Fort Lauderdale Florida FL.
Term or permanent life insurance can be used to fund a special needs trust which serves as a legal arrangement that allows you to provide for your disabled child throughout his life without risking his eligibility for SSI or Medicaid, even after you die. To receive these 2 government benefits, your child must have minimal income and assets. This means that you potentially jeopardize his eligibility for benefits every time you save a dime towards his future care.
Because of the fact that the funds in a special needs trust are actually managed by a trustee, it means that such does not legally belong to your child. Therefore, they are not considered “countable” for SSI and Medicaid eligibility purposes. Funds in the trust must supplement government benefits rather than replace it. They must be used for expenses which are not covered by government programs in Fort Lauderdale Florida FL such as clothing and transportation.
Once the trust is already created, you can always fund it using an asset that you choose such as stocks, cash, personal property, among others. Many people I know will always choose to fund a special needs trust with life insurance policy in FL. This trust can own life insurance policy or can be named beneficiary of your policy in the event that you prematurely die. Many special needs trusts are funded at least by “survivorship” or “second to die” insurance which is less expensive than other types of life insurance, an important consideration if you’re trying to find room in your budget to save for your child’s future care. However, talk to a professional advisor in Fort Lauderdale Florida FL. You never run out of options that may better suit your needs.
Tags: disability life insurance, child life insurance, disabled life insurance