If you have a family that depends on you, then life insurance is an important way to protect their future. Although it can be difficult to think about the possibility of you not being there to help them through life, you can safeguard their future with an affordable life insurance policy. Ladder Life Insurance makes it easy to secure a worthwhile life insurance policy without many of the traditional obstacles. We will take a closer look at what this company has to offer you today. What is Ladder Life Insurance? When you start to shop for life insurance, you’ll quickly realize that there is a difference between whole and term life insurance. In most cases, term life insurance is a better...
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No Medical Exam Life Insurance When shopping for life insurance, the insurer typically wants to gather a lot of information about you and your lifestyle habits. This usually includes a medical examination and your medical history. For many people, this can be frustrating, as they find that a past or current medical situation makes them difficult to insure. At Lifetime Insurance, we believe that no one should be denied life insurance, no matter his or her state of health. It’s important to all insurance shoppers that their loved ones be supported financially in the event of their death, and we work directly with clients who may be difficult to insure to find the best life insurance solution...
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No Medical Life Insurance – 15 Myths You Need to Know Most of the articles about insurance myths talk about typical car insurance legends, such as higher insurance for red cars. Barely anybody focuses on the misinformation about no medical life insurance! Before we start, here’s a quick recap. No medical life insurance is a type of insurance that does not require a medical test. There are two types of no medical policies: Simplified Issue No Medical Life insurance has no medical exam, but still has a medical questionnaire that you need to complete. You will answer a series of questions based on your medical history, current medical status and the state of any preconditions. Guaranteed Issue...
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As the COVID-19 crisis continues to rattle households across America, it has led many people to consider their own mortality -- and plan for it accordingly. Life insurance can be a vital tool for taking care of the important people in your life. But how do you know if you need it and which type should you get? Here's a primer. What is life insurance? A life insurance policy provides a payment to your beneficiaries after you die. Like other insurance policies, you pay a premium -- monthly or annually -- for different thresholds of coverage. There are three main types of life insurance. Term life insurance This type of policy covers you for a set number of years -- 10- and 20-year policies...
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When it comes to taking a medical exam for your life insurance policy, it’s very similar to times when a police officer pulls you over on the side of the road. You know you haven’t done anything wrong; both your car and driver’s licence is up-to-date, and your car is roadworthy. Yet, you still have the tendency to panic. Applying for life insurance can be pretty painless – including the medical exam – if you know what to expect. And yes, needles will be involved for a blood test and you will have to pee in a cup for your urine test. But, if all goes well, you can be out of there in no time. Sometimes, however, there are certain daily practices that will set off...
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Can I Get More Affordable Insurance if I Agree to a Medical Exam? Interested in obtaining more affordable insurance coverage? If you find yourself in this position, you’re probably trying to figure out whether agreeing to a medical exam would make your life insurance any cheaper. What is a Medical Exam? Typically, a medical exam is required with most traditional life insurance policies. It’s a physical exam usually completed by nurses from an exam company, not the proposed insured’s doctor. With it, you might be required to provide urine and blood samples. Additionally, you may be requested to release records from your doctor and past medical treatments. Attaining Cheaper Coverage So,...
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Smart ways to prepare for your Life Insurance Medical Exam Smart Ways to Prepare For Your Life Insurance Medical Exam Presented by Tyler Roop, Operations Manager 1. Drink Plenty of Water! Water cleans out your system and hydrates your body. And not only will it help to clean out your digestive system and urinary tracts, but it also increases blood flow and will make it easier for you to produce a urine specimen. All of that has the collective effect of giving you a higher energy level, which will also make you feel more positive going into the exam. 2. Watch Your Diet A few days before your exam (though a full week is even better) modify your diet. Cut back or eliminate your sodium intake,...
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Impending death of the life insurance medical exam Peeing in a cup, giving blood samples, getting blood pressure checked and stepping on the scale were once unavoidable (and often dreaded) parts of applying for life insurance. But data services and technology are gradually replacing the life insurance medical exam. Today insurers can learn about you from loads of instantly available information — from the medicine you take to your motor vehicle record — and use algorithms to quickly predict life expectancy. As more data becomes available and the systems get smarter, insurers will be able to issue more policies without requiring medical exams. “In the next 10 years we are going to see that...
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If 62% of Americans don’t want a medical exam to get life insurance, then why do 99% of insurance companies require it? The insurance industry is not just old, it’s centuries old. In fact, the first life insurance policies in the U.S. were written in the 18th century. Obviously, we didn’t have the technology then (or even just a few years ago) that we do now, so medical exams have been a necessary step in the underwriting process. But times have changed, and technology along with it. Is it still necessary to undergo a medical exam to buy life insurance? For many of us, the answer is no. What is No-Medical-Exam Life Insurance? It’s exactly what it sounds like: no medical exam required to buy...
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How to Pass a Life Insurance Medical Exam To purchase a life insurance policy, you often have to pass a life insurance medical exam. The exam helps your insurer determine your estimate and plan. Passing a health exam with flying colors can have a substantial impact on the price you will pay. Because you could pay a higher price if you have an illness or are older, we encourage you to purchase life insurance while you are still young, healthy, or both! Check out our tips below to make sure your exam goes smoothly: Tips to Pass a Life Insurance Medical Exam Start a diet that includes more leafy vegetables, fruits, lean proteins and healthy fats. The saturated fats and carbohydrates in...
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