Can You Buy Life Insurance With a Pre-Existing Condition?

Having a pre-existing health condition such as heart disease, hypertension, diabetes, cancer, kidney or liver disease does not necessarily mean that you’ll be denied life insurance. However, it can create challenges including delaying the application process.

You can reduce the delays as well as ensure the best price possible if you have candid conversations with your life insurance agent and if you make sure you are working with an independent insurance agency.

These additional seven suggestions will help you streamline the process, especially if you have any medical problems in your history.

1. Plan Ahead

The process of getting life insurance is never fun so it’s understandable that you’d want to get this process done with as quickly as possible. However, if you have a pre-existing condition, it’s important to take the time to explain your needs. If you end up needing high-risk life insurance, you’re going to have to do more work to obtain this option.

You’ll likely need to submit documents including current prescriptions, letters clarifying your health, and even more comprehensive details from your doctor depending on your specific medical condition.

It’s wise to collect as much health information as possible before you speak with your independent life insurance agent so they can be as informed as possible as they work to help you find life insurance options for your specific situation.

Having this information handy will minimize any complications for your agent so that he or she can connect you with the most appropriate provider.

2. Work with a Trusted, Independent Agent

Having an independent representative is handy as these brokers can give you prices from more than one life insurance carrier. If you work with an independent agency, you’ll be able to see all of the plans you qualify for while saving you time by not having to research other insurance options on your own. Independent agents can do the work for you. (Captive agents work with only one insurance company.)

Your independent agent will guide you to the insurance carrier with the best options and most affordable premiums based on your past and current health history. The agency and agent you choose should be experienced on how to best handle your situation.

(Thankfully you can count on us to help get you moving in the right direction. If you have questions about life insurance, be sure to ask us.)

3. Be Candid About Your Health

Be as open as possible when you talk to your agent. These professionals are on your side and their actions are based on the information they obtain from you. Also remember, the best agent in the world can only act on what you’ve told them.

Detail every concern that you have. Having the proper diagnosis, treatments, and other medical details can help you a great deal. Understanding your medications in addition to your lab values is important as well. Provide the agent with anything that may be important regarding your condition.

This is crucial in getting accurate quotes and in determining if there’s in fact a life insurance option available to you based on your health situation.

4. Obtain Multiple Quotes

Take advantage of your agent’s ability to shop around for the best policy. The goal is to make sure that you have quotes from multiple companies. This comparison is incredibly important for high-risk situations because health may be evaluated differently from carrier to carrier.

After you receive quotes, ask your agent about each insurance carrier in case you’re not familiar with the company. You want to choose the company that you are comfortable with.

5. Pick the Appropriate Policy

Be mindful that with health conditions, you may be restricted in the type of insurance policy you can purchase.

For example, “guaranteed approval” life insurance policies may limit the coverage and may have higher premiums.

Have a candid conversation with your agent to fully understand your options before selecting a policy.

6. Take the Medical Exam

The best policy prices are saved for those who complete a medical examination. This is because the less that the life insurance carrier knows about your health, the more that it has to charge in order to cover the risk.

Many people who already have pre-existing conditions should still take the test because it may still flow in their favor, allowing them to secure better pricing than in a “no-exam” policy.

7. Talk to Your Doctor

Be sure your doctor knows you are working on obtaining a life insurance policy. If you have a pre-existing medical condition, an insurance carrier will likely request a doctor’s statement or APS to determine your health from the clinical documents.

Make sure that your records are accurate and current. Also, make sure your medical providers are watching for the document request(s) and that they will respond in a timely manner. This way they’ll be sure to send requested documents to the insurance company promptly.

Having any type of health problem in your medical history can result in greater scrutiny when you shop for life insurance. However, a small investment of time can expand your life insurance options while reducing the time you have to invest in the process.


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Leave a Legacy With Life Insurance

Many people are of the opinion that it is important to leave a legacy when they pass from this life. What many are unable to answer is exactly how to leave the most appropriate legacy. Many individuals do not have an idea on how to go about this. What people fail to realize is that a life insurance policy can help them leave a legacy. In fact, a life insurance plan can be used to leave a legacy for one’s children, spouse, and even specific people in the society.

Indeed, there are certain key steps that you, as a thoughtful & caring person, should take to safeguard what or who you love. If you want to leave a positive lasting impact well after you are gone, life insurance should be at the top of your list. Here is a look at how you can rely on the life insurance policy to achieve this:

1. Cater for the Needs of Your Family.

The family unit is revered in most societies as the most important unit of human existence. We are constantly trying our best to feed, clothe and provide shelter and comfort to members of our close-knit family. We want to provide for our family members in every conceivable way even after we’re gone. The key consideration here is that the quality of life of one’s dependents should not be diluted upon one’s death. And you likely want to shield your spouse and children from the uncertainties that arise from changes in the economy as well.

The best way of ensuring that your loved ones are protected is by taking an appropriate life insurance policy. The survivor benefit from the life insurance policy will go a long way in enhancing your family’s economic stability in your absence. With a properly structured policy, children and other loved ones will be able to meet long-term needs beyond daily survival such as the costs for higher education, health care, etc.

You may also choose to nominate your nieces as nephews as beneficiaries to your life insurance policy. True, the needs of your nieces and nephews may have been catered for in the life insurance policies of their parents. Still, this makes a mark when they realize you’ve thought of them. The survivor benefits they receive will make their life easier and better, and on this count, they will respect you the more. There are many ways that your nieces and nephews could benefit from the funds that you leave them.

2. Leave a Legacy to a Charity

Mainstream and social media are filled with stories of charities looking for fresh sources of funding. Be it a charity for the homeless, abused children, rescued animals, feeding the refugees, or many others, there is always a charity that will be more than glad to receive funds from you.

One of the easiest ways of donating to charitable courses is through your life insurance policy. All you need to do is to ensure that you leave very clear instructions on how much needs to go to the charitable organization that you nominate, and it will be implemented once you pass on. That way, you will have contributed towards making life better for the less fortunate in the society.

One of the simplest means to give back to a charity using life insurance policy is to create a trust fund as the recipient of your life insurance policy. Be keen to specify the amount that should be given out from your estate upon your death.

3. Establish an Academic Scholarship

Making the decision to establish a college or university scholarship is one of the most respected ways of utilizing the life insurance policy. Many people who choose to do this name the scholarship after themselves. It is a great way of ensuring that your legacy lives on even after you are gone.

Different academic institutions have different guidelines on how to go about setting up a scholarship for needy or deserving students. It is important that you contact the academic institution of your choice so that all particulars on how to establish the scholarship can be discussed.

4. Create or Fund an Existing Park

There are a number of ways that you can decide to benevolently use your life insurance policy for the benefit of your community. For example, you may choose to create a park or help fund the care and upkeep of an existing playground. (Parents are constantly on the lookout for safe play grounds for their children.)

It needs to be noted that plans for such a project call for thorough consultations with the local authority. The town or city in the intended area is bound to have some useful input that would make your work very easy. They would also need to issue you with the necessary permits and licenses for the various aspects of the project.

The life insurance policy provides the perfect avenue for you to leave an indelible, lasting legacy. It is one of the most powerful ways through which you can enhance the continuity and economic stability of your family members and large community. It is also a great avenue for you to selflessly sponsor projects that will be meant for the common good in the society.

The effectiveness of your plans will largely depend on how they are executed after you pass. It is prudent that you seek professional help as you ponder and lay down the plans. An insurance advisor and estate lawyer are best qualified to help you navigate through the various options open to you. Additionally, the lawyer will help you to effortlessly set up a foundation or trust fund that will be the conduit of your benevolent deeds.Leave a Legacy With Life Insurance


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How to Keep Fit While Traveling

Summertime is a great time to move around and see the world. As a result, many people try keeping fit in readiness for summer. They exercise and “eat clean” for that perfect Summer body. And while many embark on their trip in tip-top shape, failure to remain vigilant while traveling can cause weight gain. So here are some tips to keep fit while on the road.

1. Regular Exercise

Exercise is one of the best ways to keep a check on your weight while traveling. The good news is that this exercise does not need to be overly ambitious or vigorous. All you need is about 20 to 30 minutes, at least 4 times a week. Use this time to work out in the gym or outdoors. You can do some light weights, cardio, yoga or just jog outdoors. The benefits of doing this are immense. Regular exercise will not only help you maintain a trim figure but also it will help release the ’feel good’’ hormones that will buoy you for the remainder of the day. Indeed early morning exercising can increase your enjoyment of your vacation. And if you can’t find a gym or go outside? Bodyweight exercises in your hotel room can still help.

2. Keep Hydrated

Keeping fit in hot weather can be tricky as dehydration takes place pretty fast. It is even harder if you are traveling through a country or area that does not have a good supply of clean drinking water. Dehydration is usually accompanied by the swelling and stiffening of fingers, and often a feeling of thirst. To combat dehydration, ensure that you carry small containers of water whenever you go outdoors. A bottle of clean water would come in handy as you take your stroll – regularly sip from it to hydrate your body and ensure that you remain fit.

3. Choose to Walk

Walk as much as you can in the course of your travels. Instead of taking a cab to move from point A to point B, choose to walk if the distance is manageable. It is healthier to sight-see around a city on foot than using motorized means. It provides you with the opportunity to absorb more of what the city has to offer – from discovering hidden alleyways, visiting places of worship, or to simply admire some captivating landmarks. If the distance is a bit long, you may choose to rent a bicycle. The bike will help you travel faster; while at the same time help you in keeping fit.

4. Go Slow on Alcohol Intake

Taking too much alcohol is detrimental to your keeping fit effort. Alcohol will only help you build up on calories – something that you would want to avoid. Teetotalers need not worry about this, but those who regularly take a glass or two of wine before or after meals may want to consider re-evaluating their priorities. Apart from building up on calories, alcohol is a diuretic. This means that it makes the body dehydrated very fast. This is counterproductive to remaining hydrated.

One way of avoiding alcohol is to allocate ’off’ days. These are the days that you decide to totally abstain from alcohol consumption. On these days you may decide to choose a healthier indulgence like getting a massage.

5. Visit the Spa

Visiting the spa for a massage therapy is one of the greatest ways to decompress while traveling at home or abroad. The effects of jet lag from the long trans-Atlantic flights can easily be reversed by a well-timed visit to a spa for well-deserved massage therapy. Indeed, a variety of spas targeting travelers exist across the globe.

6. Get Adequate Rest

There is nothing that will help you in your keeping fit effort like having adequate rest. Ensure that you get enough sleep every night in an environment that is comfortable and kind on your body. Avoid late night traveling whenever possible. Should it happen that you do not get enough sleep at night, make plans to compensate during the daytime. Schedule your travel itinerary in a manner that allows you to have time to relax and get some rest.

7. Go Slow on Treats

Treats like candy and cake should remain as treats. Avoid the attitude that “it’s OK because I’m on vacation.” Splitting deserts and limiting your intake of sweets will help you avoid unwanted calories that are counterproductive to your goal of keeping fit while traveling. Save the treats for special occasions when you are likely to appreciate them even more, as opposed to having them routinely with every meal.

8. Eat Healthy Breakfasts

Many believe breakfast is the most important meal of the day. As such, what comprises this meal should be chosen with a lot of care. Eat a well-balanced diet, which has the foods necessary to provide you with the energy necessary to fuel you for the better part of the morning. Resist the temptation to pile up on fatty or sugary foods as these will reverse any gains made in your keeping fit program.

9. Try Meditation

Meditation is one of the better-known stress busters. In addition, it works very well If you become agitated or irritated by the seemingly unnecessary delays that you are likely to experience in some airports. Meditation is also highly recommended if you are unable to sleep. To fully grasp the art of meditation, some measure of practice is required. The good news, however, is that there are apps in the market that can be downloaded to help a newbie with the practice of meditation. The apps offer 5-20 minutes of simple step by step instructions that anyone can follow to apply meditation for peace and tranquility.

10. Use Sunscreen

Protect your skin against the harmful effects of the sun’s ultra-violet rays. The tan from the sun may look good in the short time, but it creates a long term problem by making the skin prone to sagging and cancers. Get sun blocks that offer both UVB and UVA protection. Most of the European countries have provided a rating for these products in order to protect the consumer against marketing gimmicks. Most countries have set the SPF rating at 50+ and anything beyond this should not be taken seriously. Even though similar measures have not been taken in the US, it is advisable that you choose a rating of at least SPF 30+. It is even better if you can get a product that is multi-spectrum – one that has incorporated both UVA and UVB defense to help you in keeping fit.

11. Enjoy Yourself

Don’t let “keeping fit” prevent you from trying new foods. Don’t let workout obsessions keep you from spur of the moment activities that could build memories for a lifetime. Be flexible and enjoy each moment as it comes for what it is.


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Tracking Down Life Insurance of a Loved One

The Insurance policy Commissioner’s Office is trying to make it much easier for Georgians to track down as well as submit life insurance policy cases.

The Life Insurance Plan Locator Solution has actually helped greater than 100 Georgians receive regarding $750,000 in benefits up until now.

If you aren’t sure where a life insurance plan is, if your loved one had life insurance coverage or if you’re a recipient, you can submit a request to discover. It’ll then send out an alert to insurance provider to check if they hold a plan because name, and also the business will let you understand if they do if you’re a beneficiary.

Deputy Insurance coverage Commissioner Jay Florence stated you need to have a couple of things before you send a demand.

” The even more details you have, the better,” he said. “So if you have a life insurance policy number, undoubtedly that’s a great idea, and also if you recognize the business, that excels. However as a standard, you wish to make sure you have the individual that died, their date of birth and also day of fatality, along with your name if you’re asking for the insurance provider to examine to see whether you’re a recipient.”

If you have this details handy, Florence stated it must take about 15 mins to finish the demand, and if a company holds a plan in the name you’re looking for, it needs to inform you within a couple of weeks.

He added that in this process, time is important.

” Regarding 2 years after a life insurance policy company learns that somebody has passed away, they hold on to the cash,” Florence stated. “And also after that two-year period runs, they really transform it over, it’s not to us, yet to the Unclaimed Residential property Department of the state. Then the state holds on to it for, I think, 6 years, and also afterwards duration runs, the state then deposits it into the general fund, and you shed the possibility to claim it.”


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Quick Life Insurance Review

How Examining Your Current Insurance Policy Can Save You Money

The costs of things usually increase with inflation, but the rates of life insurance has experienced the opposite effect. Lately, some rates have actually decreased. If you haven’t shopped for life insurance within the past decade, it may be time to see if you can save some money. This is especially true is your health hasn’t changed since you got your old policy. Be sure to check with us as we may be able to find a comparable policy for a much better price.

The first step is to look over your existing policy. You may find that you initially didn’t get as much coverage as you needed. This could be true if you couldn’t afford to buy the insurance you needed. Of course, the opposite could be true as well. You may have originally secured a large insurance policy because your kids still lived at home. If the kids have now moved out and are independent, you may want to decrease the amount of your new policy.

Next, you want to see what options are available to you. There are many different types of life insurance such as term life, and whole life. Term insurance tends to be more affordable than the others. It allows you select a plan for a set number of years. The downside of term insurance is you may outlive your policy. If you are unsure which option is best, you want to spend some time going over the different options with your insurance professional.

Making a change to your life insurance policy may seem like a big deal. But we can help you through the process of getting the best deal based on your current circumstances. Of course there are many potential ramifications for making changes to your life insurance policy including potential tax issues. That’s why it is so important that you talk with your agent to get the best advice possible. And one last point… if you do make a change to your life insurance, be sure that you don’t cancel you old policy until your new one has gone into effect. You don’t want something happening in the gap between the two policies.


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Getting The Right Amount of Life Insurance

Life insurance is a valuable investment for your dependants or anyone you have chosen as a beneficiary. If you are a financial support to others, it is imperative you leave behind something when you are gone so that your they will be able to look after themselves in case your gone.

However, it can be a challenge to determine exactly how much life coverage you require to ensure that your loved ones are well taken care of.

A recent survey showed that, while 20% of Americans agree that life insurance should be included as a part of any sound financial planning, only 40% said they would know what to look for in buying a life insurance policy. The same survey indicated that 50% of Americans felt they were under-insured.

Experts recommend at least six times the annual gross income as a good place to start for determining how much life insurance you should obtain.

As you consider the varying options available, always keep in mind that buying life insurance is like buying any other consumer product – your goal is to get the best value for your money.

Before taking out life insurance, it’s smart to speak with an expert to ensure that you understand all the options that are available to you.

And, working with an independent insurance agency ensures you can receive several quotes without having to call several carriers directly. This will help you make an informed decision while getting insurance that is tailored to fit your situation.

Beyond the “six times annual gross income” rule, you need to understand your “life value”. This may sound like an absurd thing to consider, but it is important. After all, you want to be sure that the money you leave behind will take care of your family.

So, do you expect to be earning more in the future? If so, plan for that. Do you take care of things around the house that someone might have to otherwise pay for? Be sure to include that as well.

Likewise, if you have debts, be sure there’s enough insurance to cover those bills as well.

And if you have kids and need to ensure they can go to college, you have to plan for that too… college is expensive and its costs are accelerating.

By taking full stock of your current situation and the impact your death will have, you’ll develop a clear understanding of what your family will really need to survive.

With an effective financial planning process, you will approach purchasing life insurance with an unbiased perspective that will allow you to make a sound decision. (If your life circumstances change, be sure to talk with your live insurance professional right away. Things like buying a vacation home, having kids, or even getting a divorce can impact your life insurance needs.)

We understand that life insurance is a subject most folks try and avoid talking about, yet it is important. It is about protecting loved ones from uncertainty in difficult circumstances. Please reach out to us for resources on getting the most out of life insurance. We’ll be happy to help point you in the right direction and help you explore your options.


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