Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 4PM Eastern.
Risk Criteria- Vocation and Avocation
When underwriting your life insurance application and determining if you are an acceptable risk for the company, an underwriter will take both your vocation and avocations into consideration.
Your vocation is your job, and if you are in a dangerous vocation like construction or police work, you may be declined or charged an additional premium.
Your avocations are your hobbies. Scrapbooking and golf will not be considered dangerous by the underwriter, but scuba diving and hang gliding may and could also result in higher premiums or a declined policy.
Save Tip
Comments
Tip Rating
LifeInsure.com Tip: Tips On No Medical Exam Insurance
When buying life insurance online, you won't need to visit your doctor's office. Depending on the type and amount of life insurance you are seeking everything can take place in the comfort of your own home.
Tip 1. No Medical Exam Policies Are Available: The medical exam or medical underwriting component of applying for coverage can generally be avoided by those 40 and under seeking low value (say $100,000 or less) policies. As you age, the amount of coverage you qualify for without a medical exam decreases.
Tip 2. If You Do Require an Exam it can be performed in Your Home: The most basic medical underwriting requires only samples of your saliva blood and urine. Using portable equipment, medical personnel contracted by the insurance carrier can perform these tests in your home or office. Why take saliva, blood and urine samples? Carriers are looking for evidence of risky health habits or conditions. Specifically nicotine or illegal drug use, elevated cholesterol levels, HIV infection and so forth.
Tip 3. High Value Policies Generally Require More Extensive Exams: In addition to the more basic exam older policy applicants or those seeking high value policies must submit to additional testing. These tests can include things like an EKG or a heart stress test using a treadmill or similar equipment.
Save Tip
Comments
Tip Rating
How Much Life Insurance Do You Need?
When looking for a life insurance quote, it is important to know how much life insurance you will need. Ask yourself a series of questions, including: - What expenses will need to be paid immediately and up front if something happens to you? - How much income your will your family need to replace your current income or what expenses they need to pay regularly? - How long will your family need this income> - Are there any large purchases, such as a mortgage, that could be paid off to make things financially easier for your family? These questions will help you determine what kind of a life insurance quote you will need to look for.
Save Tip
Comments
Tip Rating
LifeInsure.com Tip: Life Insurance Online
Did you know that you can receive instant life insurance quotes for many types of coverage? Depending upon the amount of coverage you are seeking you may even qualify for coverage with no medical exam. Buying life insurance online is convenient and easy.
Tip 1. Instant Life Insurance Quotes are Available on Term and Universal Policies
• Getting life insurance quotes on line is safe. Shoppers need not submit any personal information. You can anonymously answer a few brief questions to get information about a variety of carriers that provide the coverage you want. • Along with basic information about applicable policies offered by each carrier shoppers learn about their financial strength rating also. • Why is financial strength rating important? Life insurance is an important investment decision. Strong financial ratings can give the policy holder confidence that the carrier will be able to pay the benefit in the event of a claim.
Tip 2. Talk With an Agent about Whole Life Insurance Quotes: There are many more factors to consider with whole life insurance than with term or universal. For this reason, shoppers work with agents to arrive at custom quotes. Your rate reflects your own individualized circumstances, and cannot be determined instantly.
Save Tip
Comments
Tip Rating
Life Insurance Quotes Online
Free life insurance quotes can be found online. By searching the Internet, you can compare prices from different life insurance companies and even apply online if you find one that interests you.
Online quotes can save a lot of cold calling phone calls to life insurance companies seeking quotes. Many life insurance companies that offer this service claim to search high and low to ensure that you are receiving the lowest rates possible.
Save Tip
Comments
Tip Rating
LifeInsure.com Tip: Life Insurance Quotes
When you shop for life insurance online you can often get preliminary life insurance rates that help you compare while you shop. How can instant life insurance quotes be possible without a meeting? Insurance companies consider a variety of factors to arrive at fair life insurance rates for their consumers. Following is a tip on one of the biggest factors.
Your Health Rating Directly Impacts Life Insurance Quotes
• Insurance companies are interested in the health of their consumers. Depending upon how much insurance you are seeking, you will need to have a medical exam and answer questions about your health history. These two steps help the provider determine your health rating.
• Health rating categories are placed into classes such as super preferred, preferred, regular and standard. Individual categories are further divided based on the age and gender of the policy holder.
• Generally, a higher rating yields lower rates. In some cases, potential policy holders posing very high risk may be excluded from coverage or provided coverage at an additional premium.
• Policy holders with major health concerns should shop and compare widely. Additionally, they should work closely with an agent that has experience insuring individuals with their particular health concerns and knowledge about who offers the best rates under those conditions.
• If your health significantly improves, it is a good idea to work with your agent who may advocate with the carrier for reduced life insurance rates.
Save Tip
Comments
Tip Rating
Younger People May Need Larger Life Insurance Policies
Your family will probably in need of a large amount of money if something happens to you early on in life. Young couples and families who have not yet had a chance to pay off a large part of their mortgage, invest in stocks and bonds, or advance very far in their young careers should consider a larger policy.
It is more likely that someone in between 20 and 30-years-old with a new family will need a large life insurance policy, since their spouse will have fewer assets to draw from and possibly further debt to face. Luckily, larger life insurance policies will be cheaper for someone in this age group than for those who are older.
Save Tip
Comments
Tip Rating
More Dependents, More Premium
When it comes to life insurance quotes, you can expect to pay a higher monthly premium if you need a large life insurance amount. This means that those who are single can get a very small policy, to pay their final expenses only, and pay a very small monthly premium in return. On the other hand, those who have a family to care for will need a larger life insurance policy, not only to pay for their final expenses but, to help keep their family afloat financially while they figure out how to cut expenses or bring in additional income. The more people you have who currently depend on you, the higher your life insurance premium will likely be.
Save Tip
Comments
Tip Rating
Reliable Quotes Online
If you're sesarching for quotes online, do a check on the Web site that is quoting your rates before making a purchase. Some online sites are set up to provide you all the available quotes in your area, and others promote quotes from companies who will pay an affiliate fee for making a sale. Purchasing a good life insurance policy takes serious time and investigation to make sure you get what you need and want for your policy in the event of your death.
Save Tip
Comments
Tip Rating
A Life Change Means a Life Insurance Change
If your life circumstances have recently changed, then it may be time for you to re-evaluate your current life insurance policy. For instance, if you recently got married and had a child, then you will probably need to obtain a larger life insurance policy. A recent medical condition will result in a larger policy, as will adding dependents to your policy. On the other hand, if your children have all recently left “the nest”, then you may be able to lower your life insurance policy amount and pay a lower monthly premium.
Save Tip
Comments
Tip Rating
The Recommended Life Insurance Amount
When looking for life insurance quotes, experts recommend you take out a life insurance policy equal or greater to 7 times your annual gross income. For instance, if you make $65,000 a year (before taxes), then you should consider taking out a life insurance policy of at least $455,000 for your family. This should give them enough money to pay off any outstanding debts and have enough left over to make up for your lost income for awhile.
Save Tip
Comments
Tip Rating
Quick Life Insurance Payout
When comparing life insurance quotes, ask about hidden costs and also about timeliness of the payout. In the event of a medical emergency that prohibts you from helping out financially, your family will need the life insurance funds to help pay your final expenses quickly. A delayed wait in delivery of the funds could result in unnecessary financial stress or debt. It may be worth a few extra dollars per month to get your family a quicker payment from the life insurance company.
Save Tip
Comments
Tip Rating
Honesty, Health & Habits
When looking at life insurance quotes, it is best to come clean on any circumstances which may raise your rates (such as smoking or a health condition), even if the life insurance company guarantees that you will not have to take a medical exam to be approved.
In the event of your death, if the life insurance company determines that you withheld important information they could deny your survivors any payment. You will only be cheating yourself, and worse, your family.
Save Tip
Comments
Tip Rating
Bargain Hunting On Your Life
We all like a good bargain, but when it comes to life insurance, cheaper doesn't necessarily mean better. When researching life insurance quotes online, don't jump on the lowest offer you find.
Like any good shopper, investigate the details and specifics of the life insurance policy before buying. You should call the life insurance company representative to confirm the rate, the policy specifics and clarify concerns that are not outlined on the Web site. Then, you can compare the price and policy with competing policies. This will help to ensure that you don't get involved with a life insurance company that offers low payment in exchange for severe stipulations.
LifeTips is part of ideaLaunch, the hub for a group of websites offering
solutions that help clients improve mind share, market share and profit online.
