We’ve already discussed DUI and DWI and the effect they have on life insurance. But what about the broader question of getting life insurance with a history of alcoholism? You can get life insurance even if you have alcoholism in your past. But there are some conditions that complicate the process. Why Alcoholism Matters to Life […]
The following are posts by staff writer, Kevin Mercadante, who is a professional personal finance blogger, and the owner of his own personal finance blog, OutOfYourRut.com. He has backgrounds in both accounting and the mortgage industry.
There are certain things that we know to do on a regular basis. It’s likely that you will go to the dentist about every six months. There’s also the annual physical. And then of course you know that you need to change the oil in your car about every 3,000 miles. But did you know […]
I realize that this may sound like a ridiculous question at fist glance, but it’s one that brings up a potentially disastrous situation. Having life insurance does no one any good if your beneficiaries don’t know where your life insurance policies are. Speed of access to life insurance proceeds will be a critical factor, especially […]
We’ve written a number of articles here at MCMHA.org dealing with the prospect of getting life insurance when you have certain specific health related conditions. If you’ve read some of the articles, you’re aware that there are certain consistencies in how life insurance companies deal with pre-existing conditions. So here is a summary of how […]
We hear so much these days about how credit, and credit scores in particular, can affect just about anything you want to do in life. But is this also true when it comes to applying for life insurance? Will a life insurance company charge higher premiums if you have bad credit? The answer is: it […]
We’ve already covered Why You May Want Life Insurance Even if You’re Retired, but there is a growing reason that stands out above all the rest: more people are working in retirement years than ever before. If you’re one of them – or think you may be – it may require more life insurance than […]
It’s virtually an article of faith that whole life insurance is more expensive than term life insurance. But have you ever wondered exactly why that is? The most conventional answer is that whole life insurance policies include an investment provision. But while that is certainly a contributing factor, it’s hardly the only reason. In fact […]
Pacemakers are becoming increasingly common, especially as the population is becoming progressively older. The life insurance industry recognizes this trend, and has made adjustments to accommodate the growing number of people who have pacemakers. Don’t assume you can’t get life insurance simply because you have a pacemaker. The technology has improved, and people are now […]
It’s virtually a forgone conclusion that smoking has an affect on life insurance premiums. Less well understood however is that virtually any use of tobacco products can affect life insurance coverage. That can include chewing tobacco, sometimes referred to as smokeless tobacco, even though it isn’t burned and inhaled. But there are a whole list […]
There’s a lot of debate in the life insurance universe between whole and term, and which is the best type of policy to have. Whole life offers permanent life insurance coverage, plus an investment provision, but it’s way more expensive than term. Term offers the most coverage for the least amount of money, but there […]
