The Underwriting Process in Long Term Care Insurance Underwriting in long term care insurance is important for the companies to assess whether or not the applicant deserves to receive coverage. This is a two-way relationship between the policyholder and the company; the former pays the premiums and accept the risks while the latter will pay out claims.Why underwriting crucialState insurance laws require that all individual policies be...more
The thread separating life and death is very thin! The thread separating life and death is very thin! We think we are immune to death. We forget it all the time yet it is very near, knocking at the door of everyone: It is time please.Once born, We think we shall live for ever (this is true for believers in the hereafter, but these also have to suffer death, at least the first death). Once we are alive and kicking we imagine we are strong...more
Mortgage Life Insurance or Life Insurance, What Is best? We have heard it many times. You were just approved for a mortgage, and the lender or your fiends tell you that you should get mortgage insurance. So you call an agent or do a search online. You ask the agent about mortgage insurance and the response often is, yes we do have it! And we offer great rates on mortgage insurance. And mortgage insurance is probably best for you. And....The question is, is there such a thing as mortgage life insurance? The answer is simply no! Mortgage life insurance and life insurance are really the same. Look at it this way, if you buy a "mortgage Life Insurance" policy and you die, what happens? A death benefit is paid out. If you buy life insurance and you die, what happens? Same! The bottom line really comes down to your needs and the final price of the policy (notice that I did not say the quote for the plan). In other words, if someone quotes you $25/month for a "mortgage life insurance plan", and you can get a comparable life insurance plan for less, then take the life insurance.Some people feel that mortgage insurance is better because it gets paid to the lender. First of all,...more
I Live Alone Do I Need Life Insurance? Copyright (c) 2010 Steve WentworthI'm a single home owner on a mortgage, is it necessary to have life insurance. Couldn't they just sell the house to repay the mortgage lender?AnswerAlthough this seems quite logical there are a number of points to consider.-The loan to value of your mortgage-Critical...more
Would you be able to sleep easier at night knowing that you can save your loved ones additional grief when you die by simply paying a reasonable premium that will take care of all of your final expenses? If you are nodding your head in agreement then you will want to read this short article in order to discover how easy it is to get burial...more
First thing first, is there such a thing as police officer life insurance? Not really, but there is such thing as the right company and underwriter for life insurance for police officers. Life insurance is life insurance no matter what other term precedes or follows the word life insurance. In other words, you want to make sure that whatever the policy is called, it pays a death benefit in case of natural or accidental death to your beneficiaries. You also want to make sure that the policy does not have exclusions specific to your job duties.Before anything though, you need to make sure you get approved and get approved at affordable rates. That is when selecting the right company is important. If you were to call three different life insurance companies about your life insurance needs, as a police officer, you would likely get three different answers. One may not like the fact that you work in a large city or one may not like the fact that you are part of a swat team. An easy way to weed out the wrong companies is to fill out a special police officer questionnaire forward it to a trusted advisor. In turn, he/she should be able to send it to select companies and narrow down the...more
When no exam life insurance started to be offered, it seems that all that was available was fast online response companies. You got approved or declined on the spot. Insurance companies used simple cross reference methods to weed out individuals....more
As a popular plan, whole life insurance is usually the most requested type of cash value life insurance. The question is, is it the best plan to use if someone needs to borrow from the policy? In most cases no! As you may know, whole life insurance...more
What are the risks covered by a life insurance? Life insurance quotes Toronto come with a wide range of products and a fair analysis of insurance risks. The life insurance Toronto agents are known as professionals who are always working in the...more
Scarves are attractive gadgets twenty four hours each day. Once you look at pictures of this rich and famous, these people have a diverse scarf to match every possible clothing. The following is a terrific suggestion, make sure you keep your scarf...more
Life insurance can be a fantastic safety net at any age, helping you ensure financial security for your family and the resources they need to achieve their goals. However, our reason for having life insurance, as well as the overall necessity of a...more
There has been many life insurance applicants that have almost hit the floor once their offer of insurance comes back with a yearly premium ... some are surprised at just how cheap life insurance is, while others wonder how anybody ever affords it!...more