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Archive for June, 2009

Buy Life Insurance Tobacco

Jun 22

Posted by author in cheap life insurance in Louisiana, smokers life insurance, Uncategorized | Comments off

What is a life insurance tobacco test?

Mike

Lafayette, LA

Most insurance companies have been evaluating their applicants’ health more accurately by employing several medical tests or evaluation. To be specific, insurers test their applicants for nicotine presence via life insurance tobacco tests.

A life insurance tobacco test is typically performed by drawing a blood or urine sample for any presence of nicotine. Should an individual be found positive of nicotine, they will be required to pay a higher premium rate. Simply explained, smoking puts your health at risk which increases your chances of dying soon. Most insurance companies take that as a risk to their business thereby requiring you to take the life insurance tobacco test and pay higher insurance cost.

Some insurance companies have caught smokers who claimed to be non-smokers during the underwriting process. If this happens, some insurers will just usually change your premium classification to a smoker rate. However, most life insurance policies carry a two year “incontestable clause” that allows the insurance company to challenge a death claim. This means that in the event that you die unexpectedly within the first two years, your insurer may have the right not to pay your beneficiaries of the death benefit claim.

Whether you pass the life insurance tobacco test or not, the most significant part of applying for life insurance coverage is not to lie on your insurance application. Remember that your policy is a legal contract between you and the insurance company. The application you sign automatically becomes part of your policy and any fraudulent information written to it by you will result to a cancellation of coverage. Moreover, insurers may also refuse to pay costs acquired by a smoking-related death if you are found out that you quit smoking long enough just to pass the medical exam but later resume smoking.

If you have sincerely quit smoking, do not forget to check with your insurer if they can offer you lower rates. Each company has their own regulations. You may be able to get lower rates if you have stopped smoking for some time or even qualify for a non-smoker life insurance package with any company later on.

Cheap Life Insurance Policy In Louisiana

Jun 18

Posted by author in cheap life insurance in Louisiana | Comments off

I am thinking of getting life insurance policy for myself. Is life insurance expensive? Which policy is the cheapest?

Bart

Lafayette, LA

 

Life insurance doesn’t have to be expensive. In fact, there are plenty of steps that you can take to obtain cheap life insurance policy in Louisiana. With some careful planning, you can find cheap life insurance policy that will keep your loved ones protected when you are no longer around.

There are several types of life insurance to choose from. There are some policies that are basic while others are complicated. But if you’re primary goal is to provide protection for your family at a reasonable cost, consider a term insurance. Term life insurance is generally cheaper than those forms of whole life insurance. It stays in effect only for a limited period of time. It can expire with no benefit being paid out if the insured lives beyond the term which is the reason why term life is generally cheaper.

Consider buying your life insurance policy when young. The younger you are when you buy your policy the lesser it will cost you. A clean driving record may also help you lower down your insurance premium rates. With a large number of fatalities due to road mishaps happening every year, insurance companies usually consider your driving record a risk factor.

Quit smoking and you will save a huge amount of money. The longer it has been since you smoked, the lower your insurance premiums you may expect to have. Stop smoking and eventually qualify for cheap life insurance policy rates. Visit your doctor regularly for a health check up. Insurers greatly appreciate those who are pro-active when it comes to personal health.

Compare plans to make sure that you are not paying too much for your life insurance policy. The quickest way of doing it is to compare policies online. You only have to fill out application form and answer a few health questions. In just minutes, you will receive many quotes for free. It’s fast easy and you won’t have any obligations at all.

Buying Cheaper Life Insurance

Jun 18

Posted by author in cheap life insurance in Louisiana, compare life insurance rates, term life insurance in Louisiana | Comments off

Can you give me some tips on buying cheaper life insurance?

John

Baton Rouge, LA

 

In buying a life insurance, make sure that you are comfortable with the policy you are considering. Most states require insurers to provide a manual that would explain to their policy holders about life insurance terms, benefits and costs. Other than the manual, here are some tips for you to consider when buying life insurance.

Make sure to verify with your insurance department if the company and the agent are licensed in your state. Find an insurer that has earned a good reputation and is financially strong. You can get such information from your agent, business libraries or through the Internet. You may also refer to several rating agencies like A.M. Best Company, Fitch Ratings, Standard and Poor’s Insurance Rating etc., for the financial strength of these insurance companies.

Always answer your life insurance application accurately and truthfully. It may result to a cancellation of your death benefits claim if your insurer finds any false statements or information on your application. Notify your insurer immediately of any errors or missing information regarding your profile.

Most insured are usually given a trial period for their newly bought policies. In this “free- look” period, spend it on reading and reviewing your policy thoroughly. You may also take this as an opportunity for you to compare around for cheaper life insurance rates. If you change your mind and decide not to keep it, your company may cancel your policy and give you a full refund to any payments made.

If you find your existing policy expensive and wants to replace it, always inform your original insurer to cancel it before buying a new, cheaper life insurance policy. However, if your health has declined, you may no longer be insurable for cheaper life insurance rates.

Lastly, don’t fail to review your policy when a major event occurs in your life such as childbirth, marriage or divorce. This will ensure that you are still receiving adequate protection and that you have updated your named beneficiaries in your policy.

Life Insurance Benefits

Jun 16

Posted by author in term life insurance in Louisiana, Uncategorized | Comments off

Why do I need to buy a life insurance?

Dan

Baton Rouge, LA

 

There are several types of insurance policies available that offer protection to almost everything- from your automobile, home, travel, pet, to name a few of them. While an auto insurance is a mandatory requirement by law, there are some forms of insurance that are non-compulsory. Among these optional ones, and perhaps the most significant insurance today is life insurance.

Most people feel uncomfortable thinking of death. In fact, it is probably one of the least favorite things to plan for. As a result, sufficient planning for their future needs is put off until it becomes too late for them. Life insurance is commonly used to provide financial protection to the loved ones left behind due to the untimely death of the income provider. If someone is depending on you financially, the probability is that you need to avail of a life insurance.

If you consider buying a life insurance, evaluate first your ongoing and future financial needs. There are several life insurance benefits that are helpful to you. The most common of which is family protection. There are many ways to protect your family with a life insurance. Experiencing a death loss is never easy and the life to face after the loss could be financially draining. A life insurance can help cover any income loss due to the death of the policy holder. The death benefits claim is the cash given by the insurer to your beneficiaries and they won’t have to pay federal income taxes for the cash received.

Death benefits can be an important financial resource by your family. It can help them pay the funeral expenses, pay outstanding loans, fund college expenses for the children. Above all, it also helps your family maintain their standard of living by covering their daily living expenses.

Life insurance benefits are not only for family protection. It is also for those who don’t support a family like if you have just purchased a new home or have made career changes. Other key life insurance benefits include retirement and estate planning.

There are various life insurances available each offering more distinct benefits. Choosing a policy is a crucial decision. Becoming familiar with how these various policies works helps you to be in a better position when choosing for the right policy that suits the future needs of your family.