Life Insurance for Tobacco Users Basics Depending on the type of tobacco or nicotine you use, life insurance underwriting can vary drastically from carrier to carrier. I’m talking about cigars, chewing and dipping tobacco, pipe, nicotine replacements (gums, patches, lozenges), and the newer E-cigarettes and vapor cigarettes. There are a few carriers that are more relaxed […]
Someone with breast cancer may be able to get life insurance.
Lupus and life insurance Getting the most favorable rate on life insurance for someone with Lupus may take some ‘shopping’ around. Life insurance companies can make diverse offers on the same case. Types of Lupus: Discoid lupus is a limited disease with superficial skin involvement only. It has no systemic features, although a small number […]
Life Insurance for Marijuana Users According to new research from the NIH, over 22 million people smoke marijuana regularly. Now, more than ever, marijuana is becoming acceptable in everyday life and in government policy. For this reason, life insurance for marijuana users is becoming more prevalent. Marijuana users who refrained from seeking insurance in the […]
Life Insurance as an Asset Life insurance companies have presented some permanent life insurance products as a “tax-advantaged asset class”. Do the ‘tax advantages’ of accumulating cash values outweigh the fees, expenses, and risks? First let’s take a look at the most promoted advantages: tax-deferred growth. tax deferred growth While it may be truthful to […]
What is a stroke or cerebrovascular accident? A stroke occurs when brain cells die due to lack of oxygen caused by poor blood flow in the brain. The poor blood flow could be a result of blocked or damaged blood vessels. Strokes are one of the leading causes of death in America. The CDC reports […]
Can Someone with depression get life insurance? The short answer is probably. Most insurers will issue a policy unless the depression is very severe, there have been multiple hospitalizations, or there has been suicide attempts. Most life insurers have concluded that the extra mortality risk is due to suicide, cardiovascular disease , and substance abuse. […]
Rheumatoid Arthritis and life insurance Someone with Rheumatoid Arthritis can usually get life insurance, but they may have to pay increased premiums. This is because statistics show the people with Rheumatoid Arthritis have a shortened life expectancy. The increased mortality is not from the rheumatoid arthritis itself, but rather the complications that develop. Rheumatoid Arthritis […]
Skin cancer and life insurance Many people with skin cancer think that it might be difficult getting affordable life insurance. Some people may have difficulty if their cancer has spread. Fortunately most people that have had skin cancer can get standard rates on their life insurance. The extra rating, if any, will depend on the […]
Is Indexed Universal Life Too Good to be True? HOW IS INDEXED UNIVERSAL LIFE PROMOTED? Tax-efficient investment Indexed Universal Life is being promoted by insurance companies, Insurance Marketing Organizations, and agents more as an investment than as insurance. The marketing material leads one to believe that this is an investment, even though the illustrations […]