Life And Health Choices

You can watch MeTV for only a short period of time before you see the commercials for burial insurance, or final expense insurance. "Pennies a Day!", or some other ear-catching line that doesn't tell the complete story.  *No Exam Life Insurance $100k As Low As $4.75/month *Guaranteed Burial Insurance $9/month Buys $50K in Coverage ‎ *Guaranteed Acceptance Whole  Life Insurance  from  $9.95 / month Of course these are "teaser" rates. Do you realistically believe anyone can apply for coverage and get these premiums? The purpose of these ads is to get a person to call the number given or go the site to get a quote. Without having to watch MeTV, here are the sites: Colonial Penn TruStage AARP/New York Life I encourage everyone who is considering purchasing insurance to do their homework. Compare benefits and premiums. Make the best choice and save money.  Also make certain to read the fine print because you don't always get what is a

The only dumb question is the one you don't ask.  You've heard that before. Having taught at local universities for more than 20 years, I don't like that statement and it's not so. There are no dumb questions! Period! If you feel the need to ask a question, about anything, the answer is important to you. That's all that matters. You may have a reluctance to ask questions about life insurance coverage. You don't want to appear to be uninformed but having the answers, the right answers, makes you a smarter consumer and leads to a better choice about your coverage. Here are a few questions you might have: Don’t I have life insurance through my employer already? You may have. Check with the benefits administrator. Even if your company offers the best plan ever, you’ll lose it once you stop working there. You may have the option to continue the coverage on your dime but is it affordable? That doesn’t mean you should forego life insurance offered by your

Do you use self-checkout? After being hesitant at first, I only use the self-checkout lane at retailers. No waiting in line , easy to use scanner, you bag your items with care, and ability to pay and move on to the next task.  The "Do-It-Yourself" person enjoys being in control of the process and being able to complete a task themselves. It's an empowerment of the individual. It's a trend in retail and there's no turning back. It's also a trend in the life insurance industry.  Research and the gathering of information about life insurance products and obtaining quotes online has been increasing for some time. Not only are more people doing research online about life insurance products, it's how people apply for life insurance. There still is a human element. Just as retailers keep store personnel in the self-checkout area, shopping and applying for life insurance also retains the human element. Glitches happen with a machine. Questions may go un

You can trust in what experts say about a subject - as long as you understand your own personal situation is unique and that no single solution fits all. Let's take the subject of having term life insurance . Financial experts such as: Dave Ramsey, Suze Orman, and Clark Howard have weighed in on the matter of having term life vs. whole life and other life insurance products. Consider the purchase of term life by asking these questions: - What are the main reasons to buy any insurance? - How much insurance should I buy? - When should I buy insurance? The answers can address more than one question. That's good! It makes things simpler. Give me a reason to buy term life. 1. You got married. You have had an addition to the family. You bought a new house with a mortgage attached. They are really all the same reason: you've had a "life event" and now your life has changed. You need to protect those changes. 2. Term Life is more affordable and eas

Term Life Insurance including Living Benefits Ben and Barbara are a young couple, healthy and in their early thirties with two young children, ages 6 and 3. They both had jobs and between the two of them, they managed to provide a good home and a comfortable lifestyle for themselves and their kids. Like most families, they realized they needed a little more living space and a larger yard to enjoy. Ben and Barbara found that new home in a well established neighborhood which was close to everything. The lender offered them mortgage protection insurance which would pay the mortgage if something happened to either of them. It was pricey and didn't fit their budget. Besides, if they moved or paid off the mortgage, the coverage ended. Solicitations from agents hounded Ben and Barbara and the more they looked, the more confusing term life insurance became. They had many questions but they hated the pressure from salespeople. Then they found a website which allowed them to

A man goes to see a fortune teller. She begins with: "your name is Steve",  - "wrong". "Your favorite color is green",  - "wrong". "You have a dead uncle who passed away 2 years ago",  - "wrong". "Your wife's name is Carol", - "wrong". "You have 2 children named John and Christian", -  "wrong". Getting  flustered the fortune teller asks "What in hell do you do then?"  "I investigate fraud". It's no laughing matter that some people will try anything once and try it a second time if they can get by with the first time. Insurance companies have entire departments dedicated to finding fraudulent claims. Did you ever see "Double Indemnity"? Most people who try to run a scam on their insurance company get caught. After all, this is a multi-billion dollar industry whose entire business model depends on weeding out the truth from the lia

You Can Ace This! You've completed and submitted an application for life insurance coverage. And now you wait........ Ads for life insurance quote a very low premium for a hefty amount of coverage. The fine print tells the truth...those are "super-preferred" rates, the least risky health class for the insurance company. The reality is only a very small percentage of people qualify as super-preferred. Insurers also classify applicants as preferred, standard or regular, or substandard. The insurer may even "table rate" an applicant meaning even higher premiums for the same coverage. If you have applied for a larger amount of coverage, $500,000 or a $1,000,000 or more. If you have a medical issue or a medical history which you have disclosed in the application, you may be required to complete a medical exam. What is a paramedical exam? Applications can pass through an insurer's underwriting, the process of vetting an application to approve or decline

Congratulations! You've just completed and submitted your application for term life insurance . And now you wait to hear if you have been approved for coverage. Just as with anything in our lives, acceptance makes us feel we are part of something, having more value. Rejection hurts. While you are waiting, you begin to wonder if anything could go wrong: Did the agent get all the information and submit to the insurer in good order? Delays and more waiting will result from an application missing information. Did you forget something that might have an impact on the insurer's decision? Results of that medical exam you had to take could show something you weren't aware of. Waiting is the hardest part. Let's go back to before you've had to do this worrying... and waiting. You've just started your search for coverage and you are comparing term life quotes . The premium has to be within your budget. Ads online and commercials on television are pitching this th

Happy Presidents' Day......or is it Merry Presidents' Day? I really love these Monday holidays making for a three day weekend. It's a great break from the routine and it gives us yet another reason to celebrate, shop and buy things! 😁 February is the month of romance. Valentine's Day is about that someone special in your life. The month of championships and big games like the Super Bowl. The month of movie awards. The Academy Awards celebrate the best the entertainment industry has to offer, and of course… Presidents’ Day. George Washington. Abraham Lincoln. FDR. Donald Trump? Can’t forget that. Anyway, what better way to get in the February spirit than by buying some life insurance coverage?  Hear me out.  After all, a   term life insurance policy   is a great way to help financially protect the people you love at an affordable price.  Here are a few reasons to get that coverage right here, right now, in the glorious second month of the year. Be romantic.