There is usually one important factor that affects your ability to get approved for a life insurance policy: your medical history. During the COVID-19 pandemic, many people have grown concerned about whether a COVID-19 diagnosis can have an impact on their life COVID-19 pandemic has forced life insurance providers to consider medical history in different ways than ever before. If you have a current life insurance policy, your coverage will most likely cover a death caused by COVID-19. If you’ve been diagnosed with COVID-19 and are looking for life insurance, your best bet is to consider a life insurance provider that doesn’t require a medical exam. In this article, we discuss all things...
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No matter if you’re fresh out of high school, starting a career, a new parent, or years into enjoying retirement, life can be unpredictable. You can plan for your future, but you can’t really anticipate everything that might be thrown your way. That’s where life insurance can help. Our whole life and term life insurance policies offer peace of mind through all the expected and unexpected life events to come. Are you wondering, “Do I need life insurance?” Our experts say life insurance is important for everyone. Still not convinced? Read on to see the life events that could prompt you to get a policy, or the many times you could benefit from one. Going to college While you’re busy exploring...
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During these times, while you can still invest your hard-earned money in more tangible things like a condominium or car, you can also consider buying something that can help you protect your income, secure your future, and provide support to your dependents when something happens to you, like life insurance. If you want to start investing in yourself through life insurance but have no idea how, don’t fret— you’re in the right place. Here’s a guide on life insurance in the Philippines. What type of insurance is already available to you? Under the Universal Health Care Law (Republic Act No. 11223), all Filipinos are now automatically included into the National Health Insurance Program of...
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Warburg Pincus-backed life insurance company IndiaFirst Life starts work on IPO plan For the financial year ending 31 March, the insurance company saw its gross premiums jump 28% from FY21 and crossed Rs5,187 crore, as per a company statement. (Reuters) Bank of Baroda owns a 65% stake in the life insurer, while Union Bank of India holds a 9% and Carmel Point Investments India Private Ltd, a Warburg Pincus affiliated entity holds the remaining 26% stake. “Indiafirst has been engaged in discussions with investment banks over the past couple of months. Banks such as ICICI Securities, Axis Capital and JM Financial and a few more are in the running to pick up the IPO mandate," said the first...
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Home » Blog » Getting Life Insurance with Haemochromatosis What is haemochromatosis? Haemochromatosis is an iron overload disorder. It is a genetic condition that causes people to absorb excessive amounts of dietary iron. The iron becomes deposited in the various organs, mainly the liver, pancreas, heart and joints, as the body has no way of disposing of the excess iron. Symptoms can include chronic fatigue, abdominal pain, impotence and arthritis. Diagnosis is by a blood test. Treatment is by the removal of blood, known as venesection or phlebotomy therapy. Once the initial treatment has been completed, iron levels should return to normal, but regular monitoring will continue. How does...
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Top Internet First Life Insurers Startups Business models evolve with time, sometimes due to changes in the market and sometimes due to advent of technology, resulting in emergence of new exciting trends. We at Tracxn closely track the startup ecosystem from across the world and we have come across a whole lot of interesting new themes which are gaining popularity, one of them being Internet First Life Insurers. Globally there are 63 Internet First Life Insurers companies, and here is the list of the 10 most interesting ones: Singapore Life offers an app-based life...
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Smart Health is a non-contractual benefit, that is available to customers once they have taken out a life insurance policy with AIG. All AIG customers get unlimited access to Smart Health. The Smart Health app and website gives you and your immediate family easy access to a 24/7 virtual GP, as well as a range of other health and wellbeing experts. You’ll get full details of how to download the app and access the website when you take out life insurance with AIG. Guaranteed acceptance – if you’re aged 60 – 80 and live in the UK, you can take out insurance Guaranteed payouts – after two years, AIG will pay the full insurance amount when you die Guaranteed payments – the amount you pay will...
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You may already know that the cost of life insurance is primarily dependent on your age and your health. That, naturally, leads to the question: What is a good age to get life insurance? The short answer is that the younger you are, the cheaper your premiums are likely to be. That said, ultimately there is no good or bad age to purchase life insurance. Rather, there are times in your life when it will make the most sense to purchase or increase life insurance coverage because you need more financial protection. When you make the decision to get married, your financial picture changes significantly. You no longer need to worry only about your own personal wellbeing, but also the wellbeing of...
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Getting life insurance with cancer can be difficult. It can even be an issue for people who have a family history of cancer. But don’t be discouraged. Understanding the process The first thing an insurance company might look at are your medical records. They may also review your family health history. This will include a look at the National Cancer Institute’s Surveillance, Epidemiology and End Results database , which has test results for 3 million American cancer patients. While the database doesn’t show names, it does allow insurers to request personal details of those on the list. Your insurer can look at your situation and put you in one of five different classes: People in...
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Innovative start-up life insurance companies promise fast online policies, among other attractions. But are such “insurtechs” risky because the company may not be around in decades, when your family will need to collect on your policy? Insurer stability and reputation matter more to life insurance buyers than to shoppers for other types of insurance. The 2021 edition of the J.D. Power U.S. Life Insurance New Business Study, released in November, reported that car insurance buyers were ten times more likely to choose the company that offers the lowest price over any other. By contrast, those buying life insurance were only twice as likely to pick the lowest-priced policy -- a...
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