Perhaps it is because life insurance is not an immediate benefit plan – in fact it’s one that we hope we’ll never need – that leads to a number of misconceptions. When it comes to life insurance, people often fall back on vague clichés in dealing with critical needs for coverage. Here are some of […]
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.
Many people might wonder what sports and hobbies have anything at all to do with life insurance. In the eyes of life insurance companies – plenty! What we may think of as enjoyable extracurricular activities, life insurance companies can often view as risk factors. What’s a risk factor? Anything that might increase the likelihood of […]
High blood pressure is a common affliction, so common in fact that it affects tens of millions of people. Life insurance companies however consider it to be an additional risk factor when providing policies. In most cases, even if you have high blood pressure, you will be able to get life insurance, but the premiums […]
We often tend to think of a term life insurance policy as being “pure life insurance” – which basically is what it is. As such we might see it as kind of the no-frills policy where there are no extras that can be added to it. That can even be a primary reason why we […]
If you have been going without life insurance because you have a history of health problems that has resulted either in declined applications or policies with premiums that you cannot afford, you may have to expand your search. There are life insurance options available for people with a history of health problems. These may not […]
It’s a common assumption that if you are diabetic you cannot get life insurance. Fortunately, that is the mistaken assumption – at least in many cases. There are policies available for diabetics, typically term life insurance, that may enable you to get at least some level of coverage. How common is diabetes? According to the […]
People are sometimes tempted to lie on life insurance applications as a way of either a) increasing the likelihood of the policy being approved, or b) getting a lower premium. Most application lies fall under the category of “the sin of omission” – failing to disclose information that may lead to a negative outcome. We’ve […]
If you have had a heart attack in the past, getting affordable life insurance may not be something that you’ve seriously considered. But despite the magnitude of a heart attack, there are insurance companies that will offer term life insurance policies, and often with lower premiums than you might expect. How common are heart attacks […]
You may think that it is impossible to get term life insurance if you’re a cancer survivor, but that assumption may not be correct. There are life insurance policies available for cancer survivors, even if they’re not as common as policies for the general population. The requirements for term life insurance for cancer survivors will […]
Are you a procrastinator? I think most of us have a little bit of that in us anyway, but it can be a real issue when it comes to applying for life insurance. The time to apply for life insurance is now, while you are healthy. Though there is always a tendency to put off […]
