Sentences with phrase «if life insurance companies»

So, that being the case, it would seem possible, and legal, if life insurance companies who offer simplified life insurance policies are already doing it, in a way.

If life insurance companies can underwrite a life insurance policy for a young adult that has an annual premium of $ 200 and a death benefit of $ 250,000, they can afford a simplified underwriting program for impaired risk children when the death benefit at risk is only $ 10,000.

If life insurance companies are leaving a bit of their rear behind because their products are under priced, those that own those policies before the rates go up will own the best deal in the history of permanent life insurance.

So what if life insurance companies borrowed a little technology from Life Settlement companies, the mortality assumption software.

If all life insurance companies and all life insurance agents were the same then no one would experience unfair treatment when applying for life insurance.

If life insurance companies find out that the information you gave on the application was false, you could loose your life insurance coverage.

If life insurance companies didn't assign risk classes, then healthy individuals would pay the same price as their less healthy counterparts.

For instance, if a life insurance company receives 1000 death claims and settles 950, the claim settlement ratio of that company would be 95 %.

If any life insurance company considers you for a policy, you may pay your premium through your nose.

If your life insurance company requires you to take a medical exam as part of the application process, the following will likely be examined:

One of the best ways to determine if a life insurance company is right for you is to look at how their underwriters view applicants.

So how do you know if a life insurance company is financially sounds?

If you truly want to know if a life insurance company is great for you, then you need to get personalized information.

For example, if a life insurance company has not filed its product or rates with your State Insurance Department, that company won't be available in your state.

To know if a life insurance company is the best for you, you need to know what all the others are willing to offer you.

Even if a life insurance company is perfect for one person, it may not be for another — and that's what we need to find out before we can tell you if Aflac is best for you.

They can not see if another life insurance company can approve you and offer you a better deal.

If a life insurance company is too lax in its underwriting and charges too little, it could go bankrupt.

If the life insurance company sees nicotine in the exam findings, the applicant will be classified as a tobacco user.

If a life insurance company that held your policy (or the policy of a deceased loved one) has changed and you no longer know who the life insurance policy is, you can contact your state commissioners office by finding the office in your state, and they will be able to provide you with information and records of the life insurance company's current name, if there have been any mergers of insurance companies, and who to contact to get the information you need about the new life insurance policy, claims or payments.

The National Association of Insurance Commissioners (NAIC) suggests you consider the following information if a life insurance company offers you a Retained Asset Account as an option to a single payment.

If a life insurance company rates marijuana users as tobacco users, you're looking at a hefty rate increase.

Employee happiness is great, but what else should you account for when deciding if a life insurance company is right for you?

But if the life insurance company detects a misrepresentation in your application during the contestability period while you're still alive, it may still cancel the policy and return any premiums you've paid (minus any fees) or ask you to pay higher premiums.

So now you know that if your life insurance company goes bankrupt, you have surprisingly little to worry about.

Luckily there are several safeguards in place to make sure consumers aren't left holding the bag if a life insurance company goes bankrupt.

Organizations like the National Organization of Life and Health Insurance Guaranty Associations are an important final step in making sure that if a life insurance company goes bankrupt, everyone else doesn't go down with the ship.

If a life insurance company files for bankruptcy, their reserves should help in making sure that outstanding claims don't go unpaid.

That means if a life insurance company wants to grow, they essentially have to have reinsurance.

That's not to say that if a life insurance company uncovers anything you're uninsurable.

If a life insurance company receives 1000 death claims and settles 950, the claim settlement ratio of that company would be 95 %.

If your life insurance company becomes insolvent and is forced into bankruptcy, you do have some protection, as state funds will pay for the claims.

You have a participating policy if your life insurance company pays dividends to policyholders when it has a good financial year.

If the life insurance company detects fraud during the contestability period, your beneficiaries run the risk of not getting paid.

It makes sense — if a life insurance company is willing to check your motor vehicle record for your driving behavior, then they would... Continue reading Life Insurance with a Felony Conviction

If a life insurance company is insuring too many people with your particular risk they may rate you higher than a company that doesn't currently insure as many people with that risk.

In Iowa, interest begins to be applied to a death benefit as soon a claim is filed and if your life insurance company fails to pay the claim within 30 days, the interest rate increases on the 31st day.

Of course, very high CSR (more than 90 %) is welcome if the life insurance company is also offering you a great value product.

If a life insurance company sees a prescription like Vivitrol on a prescription drug report, you can completely forget about them getting covered.

If the life insurance company needs your complete medical history and records, again, you do not need to pay for this.

It will also determine if the life insurance company will even provide you an offer for life insurance.

If the life insurance company can not pay your beneficiaries, they will by default pay your estate.

What if the life insurance company that you applied with rates you at a higher rate class?

If your life insurance company requires you to take a medical exam as part of the application process, the following will likely be examined:

If the life insurance company denied you coverage because of your health, call the insurer and ask them to mail you the results.

It's not easy to figure out if a life insurance company is the best one for you.

The guaranty association is in place to protect you if your life insurance company should fall out of business.

This is if the life insurance company could prove they were mislead in any way.

All participating whole life insurance policies earn dividends if the life insurance company performs well.

While you do not necessarily need a medical exam, only a thorough underwriting will truly be able to pin down which substandard rating you will be given, and if a life insurance company is willing to accept you as a risk.