Sentences with phrase «because life insurance underwriting»

Not exact matches

If you're looking for final expense insurance with limited underwriting, perhaps because you have a health issue, Globe Life offers a variety of products suited to this particular need.

This can save you time and money because we already know which life insurance companies have easier underwriting standards for seniors.

Because this type of life insurance is so easy to be approved on, the premiums are much more expensive when compared to fully underwritten life insurance.

If you do not qualify for term life insurance, then accidental death insurance may make more sense because it's guarantee issue and means you will not be subject to medical exams or underwriting.

Because there are many possible permutations and complications that can come about as a result of blood clots or emboli, life insurance companies will decide whether to underwrite a term life insurance policy or not based on the individual details of each case.

This interest is actually a dividend from the life insurance company's yearly profits, and the growth rate is generally low compared to other investments because life insurance companies have additional expenses (like policy administration expenses and underwriting costs) that a pure asset manager does not.

Because there is no medical exam, the premium that is charged on these types of life insurance policies is typically higher than those that are medically underwritten.

It's also why we will typically recommend folks avoid applying for a simplified issue life insurance policy simply because these «types» of life insurance policies are often times more difficult to qualify for than a fully underwritten term or whole life insurance policy.

With guaranteed issue life insurance policies, because there is no medical exam or underwriting, insurance companies have no information other than the applicant's age and gender on which to base the premiums.

Also, because there are no medical tests for the insurance underwriters to review, a final expense life insurance policy can also often be approved much more quickly than a regular, medically underwritten policy would be.

the reason is life insurance rates are actually fixed by the law so you get the same rate anywhere you go, remember each company will look at your underwriting differently so although one company might give you a standard rating because of your build another one would give you a preferred rating because they all have different guidelines.

This is because these life insurance policy types are issued to people who would not qualify for a fully underwritten term life insurance policy or a permanent life insurance policy.

In many instances, guaranteed issue life insurance will only have just a few questions to answer on the application for coverage — and, because there are no medical underwriting requirements to contend with on the policy, these plans can typically be issued within just a few days.

Because some forms of life insurance use medical underwriting and exams to determine rates, someone in poor health or old age may find that guaranteed issue or simplified issue life insurance offers more affordability.

However, because acceptance is guaranteed, the premiums may be more expensive than traditionally underwritten life insurance policies.

For instance, many burial insurance policies do not require an applicant to take a medical examination as a part of the approval process — and because of this, those who may have an adverse health condition may still be able to qualify (even if they have been turned down for medically underwritten life insurance in the past).

I don't want this to sound like we're picking on State Farm because of their overpriced life insurance with below average underwriting.

The reason all life insurance companies work out to be different for different people is because the process of underwriting a life insurance policy is a complicated one (to say the least!).

No medical exam life insurance helps speed up the process by a few weeks because it skips the medical exam portion of the underwriting process.

For example, because many people who purchase no medical exam life insurance are over age 50, it is likely that these applicants are riskier to a life insurance company — and because of that, the premium that is charged for no medical exam coverage is typically more than that of a comparable medically underwritten plan.

The ease of approval and lack of underwriting makes guaranteed issue life insurance ideal for seniors who may be charged higher rates for other types of policies because of their age or health.

Because life insurance companies rate each individual factor differently, it's a sum of all factors that determines what kind of policy they will underwrite and at what price.

I think the no lapse guaranteed universal life may be the better option than a fully underwritten term life insurance policy, because it does provide guaranteed lifetime coverage.

Because of this, it is not required for the applicant of a guaranteed acceptance life insurance policy to undergo a medical examination as a part of the underwriting process.

Because each life insurance company has its own underwriting criteria, it is very possible for one company to approve you at preferred non smoker rates when there are other companies that may offer only standard rates.

Any agent worth their weight will know how to field underwrite (technically, a life insurance agent is called a field underwriter, because it's our true job) with the best of them.

For the most part, people looking at guaranteed life insurance might not have any other options because fully underwritten life insurance would be too expensive for them.

However, because life insurance companies factor into their underwriting decisions and pricing any pre-existing conditions that you may have, you may run into some challenges in finding affordable life insurance coverage.

Throwing in the «almost always» because there are a few no - medical exam life insurance policies out there, but they typically tout lower coverage amounts and higher prices than comparable policies subjected to the full underwriting process.

That's because accelerated underwriting life insurance is collecting the same information as the traditional application process, just in a different way, so it can offer the same coverage at the same rates you'd be paying anyway.

Another piece of bad news is that even if you decide not to combine your policies, if your partner is a high risk driver it still could negatively impact your premiums simply because most insurance companies consider the driving history of each family member that lives within a household when they underwrite policies.

In an e-mail exchange, a State Farm media representative told me that she was «not able to share with you specific underwriting policies because they are proprietary, however I can tell you that many factors, including the use of medical marijuana, are considered when underwriting a life insurance policy.»

Because of these regulations and the fact that each life insurance company underwrites a bit differently, applying for life insurance through Quotacy is beneficial to you.

The reason it's important to identify yourself with an impaired risk life insurance policy from the beginning is because there is greater detail which is required to underwrite your case, and finding the best high risk life insurance company for your specific medical issue is a must!

While every life insurance company treats tobacco slightly different, a few stand out from the crowd because of their extremely liberal underwriting.

Avoiding Tax Trap in the Exchange The very common reason why many policyholders would opt to change their old annuity policy and old life insurance policy in exchange to a new annuity policy and new annuity policy is mainly because a new policy is most likely will perform much better compared to the old policies since nowadays there are already improvements when it comes to mortality which will provide a lower insurance cost, a lesser administration expense on the policy which will provide lower cost, improvements in the said underwriting with lower cost, improvements in the health of the insured which will trigger lower cost, improvements in interest crediting which will perhaps provide higher rates of interest as well as the interest linked in an index and to some cases, a worsened health which may cause higher than the usual annuity payments.

If you're looking for final expense insurance with limited underwriting, perhaps because you have a health issue, Globe Life offers a variety of products suited to this particular need.

Life insurance companies take the underwriting process very seriously because they are taking on a lot of risk when they approval each and every application for coverage.

Some people don't qualify for term life insurance because of their medical history or current poor health, and they aren't eligible for a group policy that doesn't require medical underwriting (employer life insurance may not require a medical exam, for example).

Because there are no medical underwriting factors to deal with on these types of policies, no medical exam life insurance policies can usually be approved relatively quickly — often within 48 hours or less.

Also, because there may be no medical underwriting to contend with, a final expense life insurance policy can typically be approved and issued within a short period of time — in some cases, even on the very same day that the individual applies for the coverage.

Many life insurance agents in the US like working with Lincoln National because they know the underwriting department at Lincoln National will go out of their way to help their clients get the lowest rates they can qualify for.

Because the life insurance that is offered through Esurance is done so by various insurance carriers, the products, rates, and the time that is required to purchase a policy (such as underwriting procedures) can vary from one company to another.

Chronic Bronchitis can certainly be a stumbling block when you are attempting to purchase affordable life insurance, but by all means, do not go from traditional fully underwritten life insurance to guaranteed issue life insurance because of your condition.

Because no further underwriting is required, it helps protect you if you develop a serious medical condition in the future; this is because, even if you're in poor health, you can buy more life insurance as if you were still hBecause no further underwriting is required, it helps protect you if you develop a serious medical condition in the future; this is because, even if you're in poor health, you can buy more life insurance as if you were still hbecause, even if you're in poor health, you can buy more life insurance as if you were still healthy!

Abrams Insurance can help because we know of one particular life insurance company which does not underwrite childreInsurance can help because we know of one particular life insurance company which does not underwrite childreinsurance company which does not underwrite children riders.

All life insurance companies underwrite their applications differently because they all have their own criteria to follow.

Because of their strong focus on simplified underwriting, I will compare them to all the no exam life insurance carriers.

Because each life insurance company has its own underwriting criteria, it is very possible for one company to approve you at preferred non-smoker rates when there are other companies that may offer only standard rates.

You see, because each insurance company has its own underwriting guidelines, it quite possible that based on your unique situation, there may be only one or two different life insurance companies that will be the best one for you!