Even if you don’t work in the insurance industry, it’s likely that you’re fully aware that you can take a life insurance policy on someone in your immediate family. That would include, at a minimum, your spouse, your children, or anyone who is a member of your household by blood or by adoption. But that’s …
As if having a criminal record doesn’t have enough problems associated with it, such a history can also cause complications when it comes to applying for life insurance. Depending on the nature of the conviction, and the time that has elapsed since, getting life insurance with a criminal record can be a difficult undertaking. Why …
It’s unusual to find anyone who thinks that life insurance is your most important coverage. Most people are more inclined to think that health insurance is most important, and without much hesitation. Does it really matter? After all, shouldn’t you have both types of coverage? In a perfect world, having both life insurance and health insurance …
An echocardiogram is a test of the heart that can speak volumes about the health of your heart. For that reason, an abnormal echocardiogram can have an effect on an application for life insurance. What Is an Echocardiogram? An echocardiogram is test that measures the performance and functionality of the human heart. The test is …
If you’ve ever taken a loan of any sort in the past – including a credit card – then you’re probably familiar with the concept of credit life insurance. Many, perhaps most, lenders encourage adding credit life insurance to loan arrangements. But is credit life insurance really something that you should buy? Credit Life Insurance …
There’s sometimes a tendency to minimize the importance of a life insurance medical exam. But the best advice I can give is – don’t. While you may not be able to do much about any chronic health conditions that you have, there are ways that you can prepare for your life insurance medical exam that …
We’ve already covered the prospect of getting life insurance with diabetes as a general topic. But today we’re going to discuss the more specific topic of getting life insurance when you have Type 1 diabetes. From a life insurance perspective, type 1 diabetes is considered to carry a higher risk than type II diabetes. This is …
In a previous post, we already discussed the effects of smoking on life insurance premiums. But in this article, we’re going to discuss the more basic question of how much smoking makes you a smoker to life insurance companies. This isn’t a small issue either. When people apply for life insurance, they typically minimize how …
Buying life insurance for the first time can be confusing at best – and intimidating at worst. Though it seems like a simple concept – you determine how much coverage you want, then search for the best rate possible – there are complications. There are different types of life insurance, many containing fuzzy provisions, plus all kinds of riders that can …
Marijuana has been much in the news recently, as an increasing number of states are voting to make it legal, whether for medical use alone, or for recreational purposes. But how does marijuana use affect life insurance? As the legalization of marijuana becomes more common throughout the country, its usage will become a more important factor …
Is there a nook somewhere in the global economy where you couldn’t save money by buying direct from the provider of the product or service? As the saying goes, never say never, and it richly applies when it comes to buying life insurance. You can buy life insurance direct, but it won’t save you any …
It’s often thought that migraines have no real effect on life insurance, or that they shouldn’t. Sometimes that’s true, but in severe cases they can have a major effect. But don’t let that discourage you – there’s a life insurance policy out there for nearly everyone! What Are Migraines? Migraines are severe headaches that are accompanied by …
Several years into the expanding economy some people are still struggling to pay their bills and to even survive. Money saving gurus and blogs are all over the place, recommending that you save money on everything from laundry detergent to car repairs. Everything it seems is on the table when it comes to saving money – and that can include life insurance. …
Just to avoid suspense, let’s answer that question quickly – yes, you can get life insurance with anemia. Feel better? That’s the good part of the explanation. The deeper part is that it won’t be as easy – or as inexpensive – to get life insurance in all cases if you do have it. But …
There is a provision available with many term life insurance policies that many people are not aware of. And because it costs a little bit extra, they will likely pass on it even if they are made aware of it. It’s the term life conversion option, and it could be the single best method available …
Getting life insurance when you have asthma is not the easiest venture into the life insurance universe. While you can usually get some type of coverage, it’s very easy to pay more than you should. Some life insurance companies welcome applications from people with asthma, while others prefer to not take on the risk – and …
A medical condition – any medical condition it seems – is often seen as making it impossible to get life insurance. Even if you can, it often results in your paying higher premiums for the policy you do get. If you have a condition like herpes, you may think that you fall into this category. It’s not …
Is it possible to be so well off that you are virtually self-insured when it comes to life insurance? It probably is, if you’re worth several million dollars or more. There are a lot more people who are worth somewhere between $250,000 and $1 million – which is rich by the objective standards – but …
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 …
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 …