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Eating a healthy diet dramatically reduces the risk of many illnesses and makes many more other ailments easier to treat but a healthy diet alone will do little to reduce the premium rates of an insurance policy. Individual insurance premium rates are based on mathematical formulas that determine how likely a policyholder will be to [...]
There are as many opinions about life insurance as there are life insurance agents and brokers hat sell it. If you ask 100 insurance professionals their opinions about which type of policy is best for you, you will get that many varying viewpoints on the subject. Share on Facebook
I have been seeing more applicants lately who have been diagnosed with sleep apnea. What is sleep apnea it and how does it affect life insurance underwriting? Share on Facebook
I sometimes have clients who are looking to pay all the premiums of a cash-value type policy (whole life, universal life, etc.) up front in a single lump-sum premium. While I don’t always agree with this strategy, in some cases, I don’t believe it’s a bad idea. Share on Facebook
Consumption of alcohol is common in American society. For the majority of drinkers of alcoholic beverages, there is little risk to health or longevity. It is only when alcohol consumption becomes excessive does it have any effect on life insurance underwriting. Share on Facebook
This is a question we are asked quite often, typically when we are doing annual policy reviews with our clients. Unfortunately, the answer is always “no, the term is set when the policy is issued, after which time it cannot be extended.”
We have made some progress. Right now almost all US retirees and 90% of children have coverage. But amazingly, 1 in 5 US workers, the people who pay taxes to support health programs, do not have a health insurance policy. These uncovered people do not have a group medical plan at work, and they cannot [...]
Even though people on all sides of the political spectrum admit that the US health care system cannot serve the needs of many citizens, reform keeps getting stalled. One of the big problems has been getting all of the different players to compromise. Health insurance companies, business management, medical providers, legislators, and of course, consumers, [...]
According to a new joint project conducted by LIMRA (life insurance Marketing and Research Association) and LIDMA (life insurance Direct Marketing Association), sales through direct channels represented more than 20% of the life insurance policies sold and about 5% of the premium sold in 2008. “For the first time, we have been able to quantify the amount of individual life insurance sold through direct channels, like the Internet, direct mail and telephone,” said Ron Neyer, senior analyst, LIMRA Distribution Research.