Health problems and life insurance...
I was talking to a friend of mine that other day.. We were talking about finances , debts and all the usual guy financial talk.
My friend , aged 42, mentioned that he had gone to renew his 10 year term life insurance policy that he got when he was 32 years old. At the time , when he was 32 years old, he was in great health, played sports, wasn't married and had no children. He was also 50 pounds lighter than he is today.
When he met with his life insurance agent, the agent said that he had 3 new problems that were going to increase his insurance rates.
1) Being overweight
2) High blood pressure
3) Being a smoker
The good thing was that all of these problems merely made him higher risk, but still insurable. They did however increase his rates by a considerable amount.
At this stage of his life he needs life insurance more than ever because he's got a big mortgage, a wife and three children. His need has increased for life insurance from over ten years ago when he was renting an apartment and looking after himself financially.
HEALTH ISSUES MAY MEAN HIGHER INSURANCE PREMIUMS
I bring this example up because health issues and smoking are a pretty common occurance.. Especially when you got from your 30's to your 40's. You put on a few extra pounds, your job status changes, you take on more and more stress and your health can take a bit of a beating.
HEALTH ISSUES MAY MEAN HIGHER INSURANCE PREMIUMS
It's important to know about these things BEFORE you renew your old life insurance policy, or apply for a new one.
SOME COMPANIES HANDLE HEALTH PROBLEMS DIFFERENTLY
Example... the life insurance company you used 10 years ago gave you great premiums because you were in top health and didn't smoke. It may be the case that your original life insurance company isn't very competitive rate wise, with your current health situation.
The point is... it's a good idea to shop insurance even though the life insurance agent and company you dealt with for the last 10-20 years has treated you well. They may not be the most competitive rate wise.
If you're renewing your life insurance policy or getting a new one, please take a moment to sign up on our site.
We'll have a friendly agent contact you and help you shop for the best life insurance rates possible.
READ MORE
My friend , aged 42, mentioned that he had gone to renew his 10 year term life insurance policy that he got when he was 32 years old. At the time , when he was 32 years old, he was in great health, played sports, wasn't married and had no children. He was also 50 pounds lighter than he is today.
When he met with his life insurance agent, the agent said that he had 3 new problems that were going to increase his insurance rates.
1) Being overweight
2) High blood pressure
3) Being a smoker
The good thing was that all of these problems merely made him higher risk, but still insurable. They did however increase his rates by a considerable amount.
At this stage of his life he needs life insurance more than ever because he's got a big mortgage, a wife and three children. His need has increased for life insurance from over ten years ago when he was renting an apartment and looking after himself financially.
HEALTH ISSUES MAY MEAN HIGHER INSURANCE PREMIUMS
I bring this example up because health issues and smoking are a pretty common occurance.. Especially when you got from your 30's to your 40's. You put on a few extra pounds, your job status changes, you take on more and more stress and your health can take a bit of a beating.
HEALTH ISSUES MAY MEAN HIGHER INSURANCE PREMIUMS
It's important to know about these things BEFORE you renew your old life insurance policy, or apply for a new one.
SOME COMPANIES HANDLE HEALTH PROBLEMS DIFFERENTLY
Example... the life insurance company you used 10 years ago gave you great premiums because you were in top health and didn't smoke. It may be the case that your original life insurance company isn't very competitive rate wise, with your current health situation.
The point is... it's a good idea to shop insurance even though the life insurance agent and company you dealt with for the last 10-20 years has treated you well. They may not be the most competitive rate wise.
If you're renewing your life insurance policy or getting a new one, please take a moment to sign up on our site.
We'll have a friendly agent contact you and help you shop for the best life insurance rates possible.
READ MORE
posted by Monty Loree at 5:05 PM
3 Comments:
Super color scheme, I like it! Good job. Go on.
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insurance field is very vast. many companies provide many insurance coverage in many field like as a health, vehicle, auto, car, property and many more field insurance coverage are available.
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Life insurance provide a great help when you or your family members are in any serious health problems. health insurance and life insurance are better security provider investment.
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