One of the biggest mistakes that many new homeowners make is taking a mortgage life insurance policy. It’s not that it’s a bad idea in theory, it’s just that there are better ways to provide insurance for your family, including an allowance for paying off your mortgage. In most cases, this can be better accomplished […]
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.
Just in case you thought that the state of your health is all that life insurance companies are concerned with, let’s spend some time talking about your driving record. They’re interested in that as well – in fact, they’re very interested in it. Your driving record is up there with your occupation and your hobbies […]
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 […]
