I recently had a client come to me who had 3 vessel bypass surgery 18 years ago when he was in his 40′s. Since then, his health has been excellent, but life insurance underwriters are not too kind to individuals with heart disease prior to age 50. He needed 20 year term, but every company [...]
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Actual Age vs. Nearest Age in Life Insurance Many consumers are unaware that most insurance companies use your “nearest age” rather than actual age to calculate your age and premium on a life insurance policy. Let’s take an example. Today is 7/15/2011. Let’s say you are 60 years old, and you turned 60 back in [...]
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We recently had a 50 year old, male client come to us looking for $1,000,000 of 10 year term life insurance. After completing our questionnaire, we determined he was in excellent health and quoted him a preferred rate with Ohio National at $109 per month. We applied to Ohio National because our client had a [...]
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1. Metropolitan Life – new rates June 20th – MetLife has introduced new rates for its 10, 15, 20 and 30 year term products. The old and new rates will remain available until the end of June. The old rates will be removed from the July edition of our quoting software. 2. North American Life [...]
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I spoke with a 72 year old gentleman this morning regarding his need for a 10 year term, $100,000 term life insurance policy. He is in superior health, doesn’t smoke, and would probably get the best health classification with just about any life insurance company except for one fact: He’s 5’6, 198 pounds. At 198 [...]
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Say you are retiring from a large corporation who has contributed to a deferred compensation plan for you for years. Now you have the option of taking your retirement income in the form of an annuity either as a single life annuity, which will pay you $5000 per month for as long as you live, [...]
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We have written in the past about our ability to provide affordable life insurance to individuals who have received heart valve repair or replacement surgery. Recently, one of our client’s wrote us a beautiful testimonial about her and her husband’s experience trying to find life insurance after his mitral valve had been replaced, which I’ll [...]
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The following updates are available for some of the products we sell through our various carriers, which have updated pricing or products available in April or May 2001. 1. American General Life – state approval May 3rd – American General’s new term rates are now approved in all states. 2. Cincinnati Life Insurance – state [...]
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In many cases, life insurance is purchased to replace lost income in the event of death. This life insurance calculator will help you determine how much life insurance coverage you need, by solving for the face amount needed to replace your income. Some considerations when determining how much life insurance you need are: Time Left [...]
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