Short-Term Health Insurance in Florida

Short-Term health insurance in Florida

Health insurance and healthcare is a genuine concern for almost every adult in the U.S., especially with the continual fight between Democrats and Republicans in Congress.

Whether you’re a fan of the Affordable Care Act (Obama Care) or prefer purchasing insurance in the private marketplace, your choices may become more limited in 2019. Since the government was able to strike down the “mandatory coverage provision” of the ACA, the bottom could easily fall out and when that happens, America will likely see health insurers running for the hills while their profits have a race to the bottom.

If you’ve been watching the news at all lately you’ve probably heard a little about short-term health insurance and how it could be a solution for consumers who are not as concerned about coverage with pre-existing conditions. Here, we’ll dig into Short-Term Health Insurance in Florida and discuss why it could possibly be as good as or better than ACA insurance (Obama Care) depending on your individual circumstances.

 

What is Short-Term Health Insurance?

 

Originally, short-term health insurance was designed for healthy people who found themselves in a health insurance coverage gap or who were looking to get health insurance while in between jobs. These short-term policies were perfect for providing coverage while Americans were dealing with various life events like:

  • You’ve lost your job and can’t afford the COBRA premiums
  • You have graduated from college recently and need coverage until you become employed
  • You’ve recently been through a divorce and you cannot stay on your spouse’s health plan
  • You’ve retired early and cannot enroll in Medicare for a year or two

Although most short-term health plans were designed to offer coverage for only three months, in many cases you were allowed to renew your coverage at least one or two times. More importantly, short-term health insurance does not cover pre-existing conditions, preventive care or issues like maternity or mental health care. The difference in the ACA coverage and short-term health coverage is huge but so are the premiums.

Before, when the ACA was mandatory and all health insurance policies had to contain the mandated “essential coverages,” a short-term health plan would not meet the essential coverage provision so as far as the ACA was concerned, a policyholder was covered enough to escape the mandatory coverage penalty; now, all that has changed.

 

 

The Difference between Short-Term Health Insurance and ACA Insurance

 

Certainly, it’s only fair to point out the coverage differences between short-term health insurance and the Affordable Care Act insurance plans. The chart listed below makes the distinctions very apparent:

Short-Term Health Insurance ACA Health Insurance
Length of Coverage 30 days up to 12 months Annual policy period
ACA Compliant? No. Short-term health insurance plans are not required to comply with ACA requirements Yes. The ACA requires all insurance plans to offer the 10 Essential Health benefits and cover at least 60% of medical expenses.
Cost of Insurance Varies depending on the coverage you select along with the deductibles and coinsurance, but typically much less than regular health insurance. Varies depending on the plan you select and any subsidies you qualify for. Available plans will offer 60, 70, and 80% coverage and are priced higher than short-term health plans.
Eligibility Applicants with certain pre-existing health conditions may not qualify for coverage. The ACA accepts all applicants for health insurance coverage.
Is coverage renewable? Under the new rules, policy periods can be up to a year with renewals for 36 months Renewable each year.
Preventative Care Available? Optional depending on the carrier Yes. One of the 10 Essential Benefits
Pre-Existing conditions allowed? Usually excluded or denied Yes
Maternity Coverage? Not covered Covered
Mental Health Coverage Not covered Covered

This chart lists the differences between most short-term health insurance plans and the ACA plan. Although the federal government has a lot of oversight, each state will also have some oversight. Because of this, some short-term health plans may be more comprehensive depending on the company you select and the state you live in.

 

 

The Pros and Cons of ACA Health Insurance

 

With any insurance product we purchase, it’s likely that the pros and cons will differ among policyholders based on their individual circumstances. Here are the most prominent pros and cons

Pros of Obamacare (ACA)

  • Comprehensive health coverage. ACA plans must provide the 10 Essential Benefits that were established by the government and must cover at least 60% of medical costs.
  • Provides Coverage for Pre-Existing Conditions. Probably one of the most popular advantages and a major reason for its creations, the ACA health plans cannot deny coverage or charge higher rates for applicants with pre-existing conditions.
  • No coverage limits. Before the ACA, most insurance carriers placed a lifetime coverage limit on policies for individuals. Those limits have been eliminated.
  • Allowed children on a parents’ plan up to age 26. This must have been another important coverage for families because after the rule was enacted, over three million young adults were added to their parents’ health insurance policy.
  • It created funding for premium subsidies to low-income applicants. Millions of Americans receive subsidies to help with their cost of insurance as long as they do not qualify for employer-sponsored or union-sponsored health insurance.
  • Coverage for preventive health care. In an effort to reduce the number of policyholders using their health insurance for illnesses that result from preventable issues, the ACA mandated health insurers to pay 100% for preventive health care like annual checkups and various diagnostic testing.

 

Cons of Obamacare (ACA)

 

  • High Cost for Coverage. For many individuals and families, if they did not qualify for subsidies, they simply could not afford the cost of Obamacare and continued to remain uninsured even though they were subject to financial penalties.
  • Tax Penalty for non-participation. If an individual or family elected not to participate and failed to purchase an insurance plan and didn’t qualify for an exemption, they were required to pay a tax penalty of 2.5% of their annual income. (This rule has been recently rescinded by the new administration)
  • Mandated coverage for unneeded services. The ACA mandated essential benefits that were unneeded by policyholders such as maternity coverage for men. Even women who were unable to conceive or go through childbirth were still required to have this coverage.
  • Because of the ACA, excise taxes were levied on medical device manufacturers and importers. Additionally, another tax of 10% was levied on businesses that provided tanning services.
  • Required Pharmaceutical Companies to pay fees. Although these fees were designed to help with federal governments cost of the ACA, the pharmaceutical companies simply passed the additional fees on to consumers.
  • Required businesses to provide insurance coverage to employees working 30 or more hours per week. This additional cost to employers was mitigated by employers reducing the number of employees and reducing the hours of many employees to fewer than 30 hours per week.

 

The Pros and Cons of Short-Term Health Insurance in Florida

 

Although the pros and cons of short-term health insurance depend on the company you select and the plans that are available, most short-term health plans share various pros and cons.

Short-Term Health Insurance Pros

  • Instant Issue – Most insurance companies that offer short-term health insurance provide policies with simple underwriting and instant issue.
  • Affordable Plan Premiums – Short-Term insurance policies generally cost much less than ACA policies because the insurers are not required to accept all applicants. This means that healthy policyholders do not have to share in the cost of unhealthy policyholders.
  • Fill in coverage gaps – Short-term insurance policies can easily fill in the coverage gap that typically results when an individual is between jobs.
  • Large Provider Networks – Most insurance companies that offer short-term insurance coverage have a very large network of healthcare providers so finding a physician or specialist is much easier that ACA carriers who use a smaller network of physicians and hospitals. For example, UnitedHealthCare’s Short-Term Health plans have a national network that policyholders can access with over 1.2 million physicians and about 6,500 hospitals and other outpatient facilities.
  • Renewable up to 36 months – Because of the recent Rule Change, Short-Term health plans are now available with annual terms that can be renewed for up to 36 months.
  • Referrals Not Required – Since most short-term health plans do not require a primary physician selection by the policyholder, a referral is not required to see a specialist.

 

Cons of Short-Term Health Insurance

  • Policies are medically underwritten. Since short-term health plans are medically underwritten, applicants could be subject to coverage exclusions or declined due to pre-existing conditions.
  • Fewer Coverages Available – Since short-term health insurance is not subject to ACA mandatory coverages, medical services like maternity benefits, preventive care, and mental illness and substance abuse treatment may not be covered.
  • Coverage Limits – Short-Term health plans typically have a policy limit on payments from the insurer and do not have a limit on out-of-pocket expenses paid by the policyholder.
  • Removes eligibility for COBRA – Consumers who enroll in a short-term health insurance policy cannot elect to participate in COBRA once their short-term coverage is exhausted.
  • Age Eligibility – Most short-term health plans will not accept applicants age 65 or older.
  • Limitations on Renewals – With the recent Rule Change implemented by the Whitehouse, the maximum amount of plan renewal is 36 months.
  • No Premium Subsidies – Because short-term health insurance is not part of the ACA, there are no subsidies available for low-income individuals and families.

 

 

Why Should You Consider Short-Term Insurance Plans in Florida?

 

Short-Term health insurance plans are not the best solution for everybody but they can be the best solution if you are:

  • Looking for an alternative to expensive ACA or COBRA coverage
  • Aging out of your parents’ health insurance
  • Leaving one job for another and expect a lapse in health insurance coverage
  • Without health insurance, have missed your Open Enrollment Period and you don’t have a qualifying event for Special Enrollment
  • waiting for an ACA or another insurance plan to begin and are currently without coverage
  • A college student or will be graduating soon and losing your health insurance
  • Recently employed and your employer has a waiting period for their group health benefits to begin
  • Retiring early and need temporary coverage until you are eligible for Medicare
  • Getting divorced and no longer eligible for your spouse’s coverage

 

What’s the Price Difference between ACA Health Plans and Short-term Health Insurance in Florida?

 

We have provided a comparison for your review to help you determine your savings on a Short-Term Health Insurance Policy in Florida from UnitedHealthcare versus other ACA compliant health insurance plans available for 2019.

We have previously presented the differences between Short-Term Health Insurance and the ACA approved policies. To compare these plans, please pay special attention to the deductibles, the coinsurance, and the monthly premiums. These policies were rated using a 40-year old married couple with two children, living in Broward County, Florida with a household income of $125,000. This family does not qualify for a subsidy.

 

 

 

Other Considerations

 

Do you remember when you were told: “If you like your doctor, you can keep your doctor?” Millions found out differently because their doctor was not a member of the ACA’s provider networks.

Do you remember when you were told: “If you like your plan, you can keep your plan?” Not long after that millions began receiving cancellation notices because the plan they had did not contain the 10 Essential benefits.

Short-Term Health plans in Florida are certainly not for everybody. But if you are tired of paying unrealistic premiums while you rarely use your insurance, a short-term health plan may make better financial sense for you and your family.

If you are young and healthy and only see a physician once or twice a year, does it make sense to pay $25,000+ a year for insurance coverage that you’ll likely never use? If your answer is no, click the button below to get your instant quote for Short-Term Health Insurance in Florida from UnitedHealthcare.

 

$17,000 Final Expense Quotes

 

$17000 final expense quotesAs the name suggests, Final Expense Insurance is an insurance policy designed to pay for expenses related to a funeral, either traditional or cremation, and other expenses that might be left for surviving loved ones to pay for. The insurance policy is the funding vehicle that provides money for the beneficiary (surviving loved one) to pay all expenses associated with a memorial, funeral, burial and other expenses.

 

What Type of Insurance Should I Purchase?

Although term insurance is cheaper to purchase, it’s typically not the best type of insurance to use for final expenses because it has an expiration date, no cash value, no living benefits, and the insured can outlive the coverage.

A better type of insurance to use for final expenses is whole life insurance. In fact, whole life insurance is the typical product used to fund most final expense policies because of the many benefits offered by the policy.

  • Whole life is permanent insurance as long as the periodic premium is paid. It is guaranteed, cannot be canceled by the insurer (other than for non-payment), and the premium remains the same throughout the life of the policy.
  • A whole life policy contains a cash value account that earns interest on a tax-deferred basis. The cash account can be accessed by the policyholder in the event of a financial emergency or any other reason the policyholder chooses.
  • The policyholder is allowed to withdraw the accumulated cash via tax-free loans that do not have to be repaid (will be deducted from the death benefit), or by policy withdrawals or a partial or total surrender of the policy.
  • A whole life policy that is used as funeral or final expense insurance, can be issued to applicants up to 85 years old.
  • Many insurers offer “guaranteed issue” policies that do not require a medical exam or have medical questions on the application. These policies generally contain a two or three year waiting period before the full death benefit will be paid.
  • Most insurers also offer a product known as “Simplified Whole Life.” This policy is similar to traditional Whole Life, but only includes medical questions about the applicant and no medical exam is required. It can be especially attractive for applicants who do not wish to undergo a medical exam.

 

How much Final Expense Insurance do I Need?

$17,000 final expense quotes

Your final expense insurance needs depend on the unpaid expenses you expect to leave when you die. The National Funeral Directors Association reports that a moderately priced traditional funeral will cost about $10,000 and cremation will cost about half as much.

Other expenses that should be considered are debts resulting from nursing home care, outstanding medical bills and other debts that you may want a surviving loved one to pay on your behalf.

Since your situation is likely to differ from others, contact an experienced and reputable insurance broker to discuss the various final expenses that you may want to deal with. Whether your needs are to cover just a funeral or other final expenses, your solution is more than likely to be found in a Final Expense Insurance policy.

 

How Much does Final Expense Insurance Cost?

Just like other life or health insurance products, the rates for a final expense insurance policy are based on the age and health of the applicant. Typically, when as applicant qualifies for level benefits with first-day coverage, the rates will be substantially lower than a graded benefit or guaranteed issue policy where there is a waiting period before the company will pay the full death benefit for death due to natural causes.

 

Here are the rates for $17,000 Final Expense Quotes with a Level Benefit:

$17,000 final expense quotes

 

This rate chart represents actual $17,000 Final Expense Quotes for Level Benefit and First-Day coverage policy. Please use our quote form on the right side of the page to get an accurate quote based on your actual age.

 

$17,000 final expense quotes

 

There are Alternatives if you don’t Qualify

If you’re shopping your Final Expense quotes with an independent insurance broker like Docktors Insurance, you can automatically apply for a guaranteed issue life insurance policy. A guaranteed issue insurance policy benefits those applicants who are unable to purchase traditional final expense insurance because of serious or multiple health issues.

The difference between level benefit (traditional) final expense coverage and guaranteed issue insurance coverage is as follows:

  • Death Benefit – Insurance carriers usually limit the amount of coverage that can be purchased with a guaranteed issue policy. Face amounts are typically limited to $20,000.
  • Waiting Period – A guaranteed issue policy will have a waiting period of two or three years when the full death benefit is reduced to the total premiums paid plus an additional 5 or 10% if the insured’s death is the result of natural causes. Once the waiting period has expired, the full death benefit will be paid for a death resulting from natural or accidental causes.
  • Minimal Medical Underwriting – Since there literally no medical underwriting used when purchasing a guaranteed issue insurance policy, virtually any living person who qualifies by age will be issued a policy.
  • Higher Rates – Since the insurance company is accepting an unknown medical risk, the insurance company is entitled to charge higher rates.

 

Here are the rates for $17,000 Final Expense Quotes that are Guaranteed Issue:

 

AIG American General Life Insurance

This chart represents $17,000 Final Expense Quotes with guaranteed issue coverage. For an accurate quote based on your actual age, please use our quote form to the right of this article.

 

Contact Us Today!
For more information about Final Expense Insurance, call the professionals at Docktors Insurance at 888-773-1181 during normal business hours, or contact us through our website at your convenience.

 

$16,000 Final Expense Quotes

In today’s economy, advertisers will typically target different groups of consumers based on the age group they intend to sell a product or service to. Baby boomers are especially targeted for different products or services that related to their age group and their buying power. One of the most popular products or services is life insurance and in particular, final expense life insurance. In this article, we’ll discuss final expense life insurance, what it’s used for, and it’s features and benefits. We’ll also take a look at $16,000 final expense quotes.

 

What’s It Used For?

 

We know from research from various companies that survey funeral directors across America that a moderately priced funeral and burial is going to cost in the neighborhood of $8,000 to $12,000 depending on the state and area you live in. For those who choose cremation over a traditional burial, cremation costs are commonly about half.

There are also other final expenses that may need to be dealt with so that they will not pass on to surviving loved ones or transferred to the estate of the deceased:


Nursing Home

A lot of seniors are likely to spend time in a nursing home before passing and there are likely to be lingering expenses that result from deductibles and copays that should be dealt with.


Medical Expenses

Unless the deceased had Medicare Supplement insurance, there will typically be outstanding health care expenses that have not been paid as well.


Unforeseen Funeral Expenses

Just like with any other major project, funeral expenses are rarely etched in stone. In a lot of cases, family members who are living out of state and must travel at short notice might need some financial help with travel and hotel accommodations.


Other Outstanding Debts

Although individual personal debt is rarely passed on to surviving loved ones, in cases where a spouse or other family member may have acted as a guarantor, that debt will need to be paid so the guarantor party does not become responsible.


 

Features and Benefits of Final Expense Insurance

Since a final expense policy is typically written as whole life insurance, there are certain guarantees and benefits provided that are important to understand.

Feature and Benefit

A whole life insurance policy will remain in force for the lifetime of the policyholder as long as the premiums are paid which benefits the policyholder by providing peace of mind knowing that the policy will be there when it’s most needed.

Feature and Benefit

With whole life insurance, once your policy has been issued, the premium can never be increased by the insurer, even if you become seriously ill or have to spend the rest of your life in a nursing home. With whole life final expense insurance, policyholders know their premium will never change.

Feature and Benefit

Since your final expense insurance is whole life, the policy contains a cash value component that will grow over time and earn a guaranteed interest rate that is tax-deferred for the policyholder. This cash value account provides the benefit of being able to access that cash if you have a financial need through policy loans or withdrawals.

Feature and Benefit

Shortly after you pass away, your beneficiary will receive the death benefit in a lump sum payment that will be tax-free and since these proceeds are tax-free, the policyholder will have peace of mind knowing that they are not passing along a tax liability related to the death benefit.

 

How Much Does Final Expense Insurance Cost?

 

Here are our actual $16,000 Final Expense Quotes for a Level Benefit Policy:

$16,000 final expense quotes

$16,000 final expense quotes from Mutual of Omaha

To get an accurate quote for your actual age, please use our instant quoter on the right side of the page.

 

What if I don’t Qualify?

 

Even if you don’t qualify for a level benefit policy that provides first-day coverage, you can qualify for a “guaranteed issue” policy. With a guaranteed issue final expense policy, the insurance company does not consider your medical condition in order to issue a policy. Virtually anyone can buy guaranteed issue life insurance as long as they are within the age limits set by the insurance company.

With guaranteed issue life insurance, there is typically a two or three-year waiting period before the insurer will pay the full death benefit if you die from natural causes, but if your death the result of an accident, the company pays the full death benefit from the first day.

 

 Here are our actual $16,000 Final Expense Quotes for a Guaranteed Issue Policy

AIG American General Life Insurance

$16,000 final expense quotes from AIG

As you’ve likely noticed, guaranteed issue life insurance costs substantially more than level benefit life insurance because since there are no health considerations, the insurer is accepting an unknown risk.

 

For more information about final expense life insurance and to receive free and confidential $16,000 final expense quotes, call the insurance professionals at Docktor’s Insurance at 888-773-1181 during normal business hours, or contact us through our website at your convenience.

 

$15,000 Final Expense Quotes

Royal Neighbors of America

Final Expense Insurance or Burial Insurance is typically obtained by individuals who want to make sure their final expenses are covered in case of their death. instead of leaving these expenses to surviving loved ones. These policies, also known as funeral insurance, are a great solution for leaving the funds required for various final expenses such as funeral costs, unpaid nursing home expenses, and unpaid medical bills.

Whole Life insurance is the preferred type of insurance policy because it can be purchased with lower death benefits, it will remain in force for the life of the insured, the premium will never change, and the underwriting required is less rigorous. In fact, some life insurance companies offer policies that are “guaranteed issue” and there is little to no medical details necessary.

The vast majority of these final expense policies are purchased by individuals who are between 50 and 85-years old and who either have no life insurance or want to have life insurance exclusively for their final expenses (funeral and medical expenses) when they pass away.

Getting a Final Expense Insurance policy is considered an act of love given that the policyholder is making arrangements in advance of their death instead of leaving funeral arrangements and other expenses to their surviving loved ones who are mourning their loss.

 

Does My Beneficiary Have to Use the Death Benefit for Final Expenses?

Unless you as the policy owner have assigned part or all of the death benefit to a funeral home or other organization, your beneficiary can spend the death benefit on anything they want to spend it on. The insurance carrier’s only responsibility is to pay out the death benefit to the person, persons, or entity designated as beneficiaries on the insurance policy. If the beneficiary does not survive the policyholder and there are no contingent beneficiaries, the death benefit will be paid to the estate of the insured and becomes subject to probate.

The recommended strategy to make sure that your wishes are carried out upon your death is by talking about your final wishes with loved ones ahead of time to let them know that you want them to take care of your funeral arrangements and that you have prepared a “last wishes directive” to relieve them of the vital decisions that will have to be considered about your funeral and other final expenses.

 

What if My Beneficiary Dies Before I Die?

 

Unfortunately, it is not uncommon for a beneficiary to die before a policyholder. It’s even more unfortunate that quite often the deceased beneficiary is not replaced on the policy or that a contingent beneficiary was not named in the contract.

An experienced and reputable insurance broker should make certain that every policyholder names a contingent beneficiary when the policy is issued and make contact with their insurance clients at least once a year to determine if there are any changes needed regarding the beneficiary or contingent beneficiary listed on the policy. In any case, policyholders should be aware that it is their responsibility to notify the agent or the insurance company when there are important changes that need to be made on their insurance policy.

 

How much does Final Expense Insurance Cost?

 

All life insurance policies are rated primarily based on the age and health of the applicant. Even when a medical exam is not required, there will be health questions on the application that will affect your health class which affects the rate you’ll pay for insurance.

It’s also important to note that insurance companies set their rates and underwriting guidelines differently so it is important to get rates from as many carriers as possible. Where one carrier may have high rates for a particular medical condition, another carrier can offers lower rates for that very same condition.

Fortunately, with today’s technology, life insurance shoppers can typically get instant quotes on an independent agent’s website and get a pretty clear picture of how much they can expect to pay for coverage. It is, however, very important that you understand that life insurance rates are never final until the underwriting is completed.

 

Actual $15,000 Final Expense Quotes

Below, you will find $15,000 final expense quotes for a male and female non-smoker:

$15,000 final expense quotes

$15,000 final expense quotes

A $15,000 death benefit is fairly typical for Final Expense Insurance because the benefit is generally sufficient to cover a moderately priced funeral ($8,000 to $12,000) and the balance can be used for lingering medical or nursing home expenses. It’s also important to note that although the insurance company will likely not require a medical exam, some medical conditions can result in the carrier declining to offer coverage.

I was Declined, Now What?

 

If your application was declined because of health issues, your independent agent can offer a guaranteed issue insurance policy. A guaranteed issue policy, although more expensive than traditional insurance, does not take health issues into consideration during the underwriting process. This means that you will be able to purchase life insurance as long as you are in the eligible age groups.

Below, please find $15,000 Final Expense Quotes for Guaranteed Issue Life Insurance:

 

$15,000 final expense quotes from AIG

$15,000 final expense quotes from AIG

The Bottom Line

After reviewing the rate charts shown above, it is certainly glaringly apparent that your life insurance costs will never be lower than they are today. The earlier that you buy your final expense insurance policy, the less you will have to pay for it.

 

For more information about final expense life insurance and to receive free and confidential $15,000 final expense quotes, call the insurance professionals at Docktor’s Insurance at
888-773-1181 during normal business hours, or contact us through our website at your convenience.

$14,000 Final Expense Quotes

$14,000 final expense quotes

Final expense insurance not only helps surviving loved ones to pay for final expenses like funeral and burial costs, it also will provide peace of mind to the policyholder knowing they’ve taken care of expenses that will be passed on to family members. Here, we’ll discuss $14,000 final expense quotes.

No one likes to think about their eventual death much less make preparations for the associated costs in advance. But certainly, no one wants to leave their final expenses for family members to deal with while they are mourning their loss.

Unfortunately, funerals have become very expensive and recent reports are indicating that prices will continue to rise in the years ahead. Currently, an average priced funeral and burial costs about $8,000 to $12,000 which is a significant amount of money for surviving family members to come up with. This alone is a solid reason that final expense insurance should be considered right now and not later.

By planning ahead, we can easily fund the final expenses that are associated with our passing like funeral expenses, nursing home costs, and unpaid medical bills.

 

What is Final Expense Insurance Exactly?

 

Final expense insurance, also referred to as burial or funeral insurance, is a whole life insurance policy designated to pay for all final expenses a policyholder leaves when they pass away.

By using whole life insurance, the policyholder receives all the guarantees and benefits that whole life insurance provides:

  • Guaranteed insurance coverage for a lifetime as long as the premium is paid.
  • Guaranteed monthly premiums that will not change, even when you get older, become ill, or have to live in a nursing home.
  • Your policy will build cash value over time that can be accessed using policy loans or withdrawals.

 

Is a Medical Exam Required?

 

In almost every case, no medical exam is required to purchase final expense insurance. There are, however, many health questions on the application that you must answer truthfully. In situations when an applicant is denied coverage because of their answers to the health questions, a guaranteed issue insurance policy will be offered. This means that any applicant can purchase final expense insurance as long as their age falls within the eligible age groups which are generally 50 to 85-years old.

 

Does it Cost More Than Traditional Life Insurance?

 

Since final expense policies are not fully-underwritten like traditional life insurance policies, they do cost more because the insurer is taking on a higher risk. You can, however, by smaller policies that you feel with be enough to cover only certain expenses for your loved ones.

One of the better benefits you’ll find when purchasing final expense insurance is that most insurance brokers offer a free quote engine on their website that will offer rates from all of the highly-rated insurance companies. It’s surprisingly simple to fill out one very short form and then be offered insurance rates from more than a dozen insurance companies.

Here is an example of $14,000 Final Expense Quotes for a Male and Female non-smoker:

 

$14,000 final expense quotes

If you noticed that insurance rates for a male are higher than those for a female, this is because women typically outlive men and that gives the insurer more time to collect premiums. For an accurate for your actual age, please use our quote engine on the right side of this page.

 

What Happens if I Don’t Qualify?

 

If you are unfortunate enough not to qualify for our level insurance benefit plans, don’t despair. As an independent insurance agency that represents multiple insurance companies, we are able to offer “guaranteed issue” life insurance. The guaranteed issue policies do not take any health issues into consideration and virtually anyone between 50 and 85 will qualify for coverage.

Here is an example of $14,000 final expense quotes for guaranteed issue life insurance:

 

AIG American General Life Insurance

Since this type of insurance policy is issued without consideration for your health, the insurer will apply a two-year waiting period during which the company will not pay the full death benefit if the insured dies as a result of natural causes. The company will, however, return all of the premiums paid plus an additional percentage to the beneficiary.

If the insured’s death is the result of an accident, the beneficiary will receive the full death benefit beginning the first day of coverage.

 

For more information about final expense life insurance and to receive free and confidential $14,000 final expense quotes, call the insurance professionals at Docktor’s Insurance at 888-773-1181 during normal business hours, or contact us through our website at your convenience.

$13,000 Final Expense Quotes

$13,000 final expense quotes

Final Expense Insurance which is often referred to as burial insurance or funeral insurance is a whole life policy that is designed to cover the expenses you leave your surviving loved ones. These expenses usually include the cost of your funeral and burial, unpaid medical bills, and unpaid nursing home costs. Of these expenses listed, your funeral is likely to be the most expensive and you certainly don’t want to pass this burden on to grieving loved ones. In this article, we will discuss $13,000 Final Expense Quotes.

How Much Final Expense Insurance Do I Need?

The amount of coverage you need will depend on your final wishes for your funeral and burial plus some additional coverage to take care of other lingering expenses that you do not want to pass on to your family. In today’s economy, the average cost of a funeral is between $10,000 and $12,000 but that amount can certainly get higher if your loved ones decide to send you off with all the bells and whistles that a funeral home has to offer.

You can certainly reduce your final expense needs by asking to be cremated and just having a memorial service at your church or at home. To determine how much you can expect to pay for a funeral in your area, we recommend a funeral planning website like Parting.com. This online service will assist you with planning a funeral and will list the appropriate costs involved based on where you live.

I have Life Insurance, why do I Need Final Expense Insurance?

If you are still working and you are 50 or older, you should not rely on the life insurance you have at work because unless you pass away while you are still employed, it’s unlikely you will have any coverage. The majority of employer-sponsored life insurance policies are not portable which means when you leave your policy will not follow you to a new job or into retirement.

If you have an individual insurance policy like term life insurance, you could easily outlive that coverage or if you renew it when you get much older the policy premium will likely become unaffordable. If you have an individual insurance policy that is permanent insurance, like whole life or universal life, make sure that there will be enough coverage to pay for your final expenses plus any other financial arrangements you want to be taken care of like paying off your debts and the mortgage.

Can’t I Just Pre-Pay my Funeral Expenses?

Yes, you can pre-pay and pre-arrange your funeral to relieve the stress that it might put on your surviving loved ones. Making funeral arrangements in advance is a wonderful act of love because you are taking the necessary steps to remove the stress that funeral arrangements can put on your surviving family members.

There are, however, some downsides to prepaying your funeral. If your plans change or you move out of the area, you may find that the funeral home in your new area will not honor the deal of the previous funeral home which could lead to a significant increase in prices. And even worse than that, what if the funeral home you selected goes out of business? You could possibly lose your money altogether.

Having final expense insurance gives you the flexibility and peace of mind knowing that there will be sufficient funds for your loved ones to take care of your funeral.

What kind of Insurance Policy is Used for Final Expense Insurance?

Although there are companies that use term insurance for final expense insurance, we recommend that you always use whole life insurance because it is permanent and you will not outlive your coverage. Whole Life insurance has the guarantees that you can depend on when the worst thing happens.

  • The insurance company cannot cancel your policy unless you stop making payments.
  • The insurance company cannot increase your monthly premium because you become seriously ill or have to live in a nursing home. Once your policy is issued, your premium will never change.
  • Your policy will build cash value over time that you can access through policy loans if you should ever need fast cash because of an emergency.

How Much Does Final Expense Insurance Cost?

Your insurance cost will depend on your age and the amount of insurance you’d like to purchase. There will also be some health questions on the application but you won’t have to worry about a medical exam or blood tests. For the purposes of this article, we recommend that you buy $13,000 in coverage so that your beneficiary will have more than enough to pay your funeral expenses.

Here are Our $13,000 Final Expense Quotes

8,000 final expense quotes

For an accurate quote for your actual age, please use our instant quote form on the right side of the page.

 

But what if I don’t Qualify?

Regretfully not every applicant will qualify for the level benefit coverage used in the chart above. We do however have an alternative if you have health issues that are preventing you from buying traditional final expense insurance. Docktor’s Insurance represents multiple highly-rated insurance companies that offer “guaranteed issue” life insurance. These policies do not take any health issues into consideration and are typically always issued as long as you are within the age limit the company requires.

Here are actual $13,000 Final Expense Quotes for Guaranteed Issue Life Insurance.

AIG 12,000 final expense quotes

It’s important to note that guaranteed issue life insurance policies have a two or three-year waiting period before they will pay the full benefit for a death from natural causes. If death is the result of an accident, the company will pay the full death benefit from the first day of coverage.

 

For more information about final expense life insurance and to receive free and confidential $13,000 final expense quotes, call the insurance professionals at Docktor’s Insurance at 888-773-1181 during normal business hours, or contact us through our website at your convenience.

 

 

$12,000 Final Expense Quotes

$12,000 final expense quotes

Although Final Expense insurance is not a technical name for a life insurance product, it is the purpose for what a life insurance policy is intended. With final expense insurance, we are talking about a whole life insurance policy whose death benefit is designated by the policyholder to pay for their “final expenses when the pass away.

The insurance policy you receive is not going to be stamped on the declarations page with the words “Final Expense Insurance,” so you will need to attach a note so that your beneficiary will note what the death benefit is for, especially if you have multiple life insurance policies.

What is Final Expense Insurance?

Final expense insurance is a life insurance policy that is purchased and then designated to pay the final expenses of the policyholder when they pass away. In most cases, the insured has already spoken to the named beneficiary about the existence of the policy and what to do with the death benefit. It’s important to understand, however, that unless the death benefit has been assigned to a particular funeral home or cremation service, the beneficiary can spend the money in any way they please.

Knowing this, it’s critical that the policyholder choose a beneficiary they can trust with carrying out their final wishes. The insurance company has no duty to make certain that the death benefit is spent in any particular manner, only to pay the benefit to the named beneficiary listed on the policy. For this reason, a policyholder should be diligent about changing beneficiaries when the need arises.

Generally, all final expense insurance policies are written using Whole Life Insurance because it is a permanent product and cannot be canceled by the insurer as long as the premiums are paid. This whole life policy will contain all of the guarantees and benefits of any other type of whole life policy and is a perfect way for funding the payment of final expenses.

What is Considered a Final Expense?

Most policyholders, who have purchased final expense insurance, have done so as an act of love for their surviving loved ones. Most will agree that the last thing you need to stress about when a loved one passes away is the cost of a funeral and memorial service.

There are other final expenses that can be included in your life insurance coverage. Lingering balances for medical services that weren’t paid by an insurance company or an outstanding balance owed to a nursing home. Most policyholders are not too concerned about debts unless they are transferable to a family member. All in all, your funeral and memorial service costs are going to be the bulk of your final expenses.

How Much Coverage Should I Buy?

Since funeral and burial costs represent the bulk of your final expenses, you should make certain that your death benefit is sufficient to cover the type of funeral you’d like your family to have for you.

Funeral expenses continue to rise as the cost of labor and products increase, and where you live geographically has an impact on the funeral cost as well. Fortunately there on services available online that can help you not only plan your funeral, but will also calculate how much you can expect to pay.

Parting.com is one of the more popular funeral arrangement websites, and they will provide you with the information you need to make an informed decision about your final wishes. In a recent article posted on their website, Parting.com indicated that funeral services are currently $8,000 to $10,000 depending on your location.

Knowing the costs of the funeral and burial service should help you determine at least the minimum death benefit to purchase. However, if you prefer cremation, your costs are typically cut in half. So then, if we figure the cost of an average funeral is between $8,000 and $10,000 and then add a couple thousand more for other final expenses, we can assume that a $12,000 Final Expense Insurance policy should suffice.

$12,000 Final Expense Quotes

To help you determine your actual cost for a $12,000 Final Expense policy, we have listed actual quotes for a $12,000 Whole Life Final Expense insurance policy:

liberty bankers life 12,000 final expense quotes

Liberty Bankers Life 12,000 final expense quotes

These rates are for level benefit coverage that provides first-day coverage and no medical exam is required. To get a quote for your actual age, please use our quote form on the right side of the page.

What If I don’t Qualify for Level Benefit Coverage?

The insurance companies who market life insurance products to seniors understand that health issues could disqualify a large amount of the marketplace from getting final expense insurance. For that reason, most companies will offer a “guaranteed issue” policy for applicants who do not qualify for traditional level benefit coverage. Although the rates are higher for guaranteed issue insurance, it is certainly better than having no life insurance to cover your final expenses.

To help you determine your actual cost for a $12,000 Guaranteed Issue Final Expense policy, we have listed actual quotes for your review:

AIG 12,000 final expense quotes

AIG $12,000 final expense quotes

As you can see, the rates for guaranteed issue life insurance are substantially higher than those of a level benefit plan. Since the insurance company is accepting an unknown health risk, they must increase their rates to accommodate that individuals they are insuring are unhealthy and likely not to live as long as others without health issues.

The insurers will also have a waiting period (2 or 3 years) when they will not pay the full death benefit unless the policyholder’s death is the result of an accident.

 

For more information about final expense life insurance and to receive free and confidential $12,000 final expense quotes, call the insurance professionals at Docktor’s Insurance at 888-773-1181 during normal business hours, or contact us through our website at your convenience.

$11,000 Final Expense Quotes

$11,000 final expense quotes

Most men and women look at life insurance as a means of replacing their income stream when they die to support their surviving loved ones financially. Then again, it is not always about loss of an income stream. Since burials and funerals typically cost a lot more than most folks assume they do, it is essential to comprehend solutions like Final Expense insurance.

After all, the actual purpose of life insurance is making certain your loved ones are financially taken care of after you pass away and don’t have to alter their lifestyle dramatically. To be confronted with unexpected expenses after your death could undoubtedly get in the way.

There are certainly many options for obtaining life insurance coverage; each has distinct advantages and disadvantages. Not every single individual requires the substantial coverage that many life insurance policies offer. For some of those individuals, final expense insurance could very well be the ideal option, but there are generally multiple different aspects that you ought to think about when you’re searching for life insurance.

What are Final Expenses Anyway?

Simply put, your final expenses are the costs that are associated with services you required just before and immediately after you passed away. These expenses generally include the costs of your funeral and burial (or cremation), unpaid nursing home bills, unpaid medical bills (copayments and coinsurance), and any of your debts that could be transferred to your spouse or other surviving loved ones.

In most cases, the cost of the funeral, cemetery plot, and burial will be the most expensive. Most people simply don’t understand the current costs of burying a loved one. Just take a few minutes and visit some online funeral estimate services provided by Parting.com, Everplans.com, and BurialPlanning.com.

Spending just a little time and doing some online footwork will typically open the eyes of any consumer about how the cost of dying has increased over the last twenty years. There is a silver lining however, consumers can actually shop for their funeral service and negotiate the prices down. This funeral shopping was very rare in the past because shopping a half-dozen funeral homes before you buried a loved one seemed rather tasteless.

It’s a little more difficult to predict non-funeral expenses like unpaid nursing home expenses or outstanding debt unless you have a pretty good idea when your passing will take place. Most people do admit, however, the funeral expenses were much higher than they anticipated and pretty much consumed the majority of the policy’s death benefit.

The important thing here is that you don’t want to leave the cost of your funeral to your family and friends. You want to take care of these costs in advance, and final expense insurance is the most affordable method to do that.

Should I use Term or Whole Life for My Final Expense Insurance Policy?

The short answer is “it depends.” There are pros and cons to each type of insurance product when you consider why you are using it. Term life insurance is certainly less expensive than whole life insurance (that’s a pro), but there are some drawbacks:

  • Term insurance is temporary, and you can easily outlive your insurance policy
  • The most affordable term insurance generally requires a lot of medical questions, a medical exam, and a blood and urine analysis.
  • Term life insurance can be more difficult to qualify for, especially if you are over fifty and have some medical issues.

Whole life insurance is the foundation that most final expense insurance policies are built on, and there are several reasons why:

  • Whole life is permanent insurance and will stay in force for life as long as the premiums are paid. It is guaranteed.
  • The periodic premiums for a whole life policy cannot be changed by the insurer once the policy is issued. The premiums will not go up as you get older or if you become ill.
  • Whole life insurance builds cash value over the life of the policy which is available to the policyholder through policy loans. If you have an emergency and need some quick cash, your cash value is like a bank, and you have the keys.
  • Whole life final expense insurance generally never requires a medical exam and can be issued very quickly with little to no underwriting aggravation.

How much is My Final Expense Insurance Going to Cost?

We can’t certainly help with that. As an independent insurance broker, Docktor’s Insurance represents the top-rated insurance companies that offer Final Expense Insurance. In fact, we have listed below the best rates for $11,000 Final Expense Insurance.

Please review the following assumptions before you review our rate chart:

 Rates are based on $11,000 final expense insurance coverage

  • Rates are based on non-smokers. Those who smoke will pay a lot more insurance premiums.
  • The monthly rates are determined by your age group. For a quote based on your exact age, simply fill out our instant quote form.
  • We represent many highly-rated life insurance companies but feel this selection will provide an accurate picture of the premium you can expect to pay.

liberty bankers life

 liberty bankers final expense insurance quotes

 

As you may have noticed, we listed rates from Mutual of Omaha in the 80 and 85-year-old age group because the rates are more competitive. This is one of the many perks of shopping with an independent agent who represents multiple insurance companies. These rates are for insurance with a level benefit that provides first-day coverage.

Can I be Declined?

Although final expense insurance policies do not require a medical exam or blood and urine tests, you can be declined based on the answers you provide to the health questions on the application. In this case, Docktor’s Insurance will recommend guaranteed issue life insurance and we have provided the rates below.

gerber life insurance final expense insurance quotes

Gerber final expense insurance quotes

As you will notice, the rates for guaranteed issue life insurance are considerably higher than the level benefit final expense insurance. Since a guaranteed issue policy does not take any health information into consideration, the insurer is accepting an unknown health risk and will charge more for the riskier applicant.

There are other caveats that you should be aware of with guaranteed issue insurance, so be sure and speak with one of our insurance professionals so you can make an informed decision.

For more information about final expense life insurance and to receive a free and confidential final expense insurance quote, call the insurance professionals at Docktor’s Insurance at 888-773-1181 during normal business hours, or contact us through our website at your convenience.

$10,000 Final Expense Quotes

$10,000 final expense quotes
About 10,000 baby-boomers are leaving the workforce and retiring every day. Unfortunately, many of these retirees will lose their life insurance benefits when they leave the workforce. With death being an eventual certainty, it makes perfect sense to make certain that your final expenses are paid by burial or final expense policy rather than leaving these costs to surviving loved ones. Many people have heard of final expense insurance, but most do not understand exactly how it works and why it’s important. The following questions and answers are provided to help you understand and know what you don’t know about final expense insurance.

 

What is Final Expense Insurance?

Final expense insurance also referred to as burial insurance, is a life insurance policy with the death benefit designated to pay for your final expenses. In today’s economy, a moderately priced funeral and burial cost about $10,000. Rather than leave this enormous bill to surviving loved ones, you can purchase final expense insurance to make certain that the money will be available in the event of your death.

Which Type of Life Insurance Works Best For Final Expense Insurance?

Although there are several life insurance products to choose from, Whole Life Insurance is the better choice for a burial insurance plan because it remains in force for your lifetime as long as you pay your periodic premium. Other types of lower-priced policies such as Term Insurance, have an expiration date which means you could outlive your policy.

 How Much Final Expense Insurance Should I Buy?

This depends on whether you prefer a traditional burial or cremation and how much you’d like your beneficiary to spend. Most companies offer final expense insurance with benefits between $1,000 and $30,000. Since the costs of funerals and burials vary across the country, you should contact a reputable and licensed broker for advice regarding the costs of funerals in your area. Nationally, a moderately priced standard funeral costs about $10,000, and cremation costs about $5,000. Many policyholders elect to purchase additional insurance to take care of other final expenses such as nursing home costs and other debts. Below, we have provided actual $10,000 final expense quotes.

Does the Death Benefit Have to be Used for Funeral Expenses?

No. Your beneficiary can use the death benefit in any way they choose. Your insurer’s responsibility is to pay the death benefit to the named beneficiary. This is a great example of why you should choose someone you trust to take care of your final wishes and discuss your wishes with them.

What is the Maximum Age I Can Purchase Final Expense Insurance?

Most insurers that offer burial or final expense insurance are willing to issue a policy for applicants up to 85 years-old. This is certainly not a good reason to wait to buy your final expense insurance since the rate you pay is based on your age at the time of the purchase. Each year you put off purchasing final expense insurance, your monthly premium increases.

Will My Monthly Payment Increase When I Get Sick or Older?

No. Once your final expense insurance policy is issued, it can never go up as you get older or become ill. Your periodic premium is guaranteed to remain the same for the life of the policy.

Can The Insurance Company Cancel My Policy?

The insurance company can only cancel your policy if you do not make your periodic premium. There are no other reasons the insurer can cancel your policy.

What Happens If I’m Ill and Need To Purchase a Policy?

If you have health issues that prevent you from purchasing a standard policy, many insurance companies offer “guaranteed issue” policies that do not have medical questions or require a medical exam. This type of policy has a waiting period of 2 or 3 years before the insurance company will pay the death benefit for death from natural causes. They will, however, pay the death benefit if the death results from an accident from the first day of coverage. Since the insurer does not collect underwriting information about the applicant, they will typically charge more for a guaranteed issue policy.

Can I Have More Than One Type Of Insurance Policy?

Yes. Many people carrier multiple insurance policies that are designated for different things. For example, you may want to have a large term policy to pay off your debts and replace your income, a mortgage protection policy to pay off your home, and a final expense insurance policy to pay for funeral and burial expenses.

Where Can I Get The Best Price Final Expense Insurance?

Although you can purchase burial insurance directly from an insurer, it makes better sense to go through a reputable licensed broker since you are not charged for taking advantage of their experience. Most independent insurance brokers represent many of the best companies that offer burial insurance and will shop them for you, and then walk you through the purchasing process.

$10,000 Final Expense Quotes

We have listed below $10,000 Final Expense quotes so you can understand how affordable final expense insurance can be.

When you review the information, you will find actual rates from a highly-rated life insurer that offers Final Expense Insurance. We have also provided several assumptions:

  • Rates are based on non-smokers. Those who smoke will pay a lot more insurance premiums.
  • The monthly rates are determined by your age group. For a quote based on your exact age, simply fill out our instant quote form.
  • We represent many highly-rated life insurance companies but feel this selection will provide an accurate picture of the premium you can expect to pay.

The following quotes are for level benefit $10,000 Final Expense quotes from Foresters Life Insurance

Foresters Life Insurance 10000 final expense quotes

fORESTERSS 10000 FINAL EXPENSE QUOTES

For a firm quote based on your current age, please use our quote engine on the right side of this page.

What if I’m Declined?

In some cases, our applicant’s health history may be such that they will not qualify for a level benefit insurance policy. In these cases, we can recommend a “guaranteed issue” final expense policy that does not take your health into consideration.

gerberlife final expense life insurance

Gerber 10000 final expense quotes

You will notice from these two rate charts that women generally pay less for life insurance. This is because since women on average live longer than men, the insurance company expects a longer time period to collect premiums.

For more information about $10,000 final expense quotes and to get an accurate quote based on your particular age, you can use the quote engine on the right of this page, or call our insurance professionals at (888) 773-1181.

Awesome $9,000 Final Expense Quotes

$9,000 final expense quotes

Certainly, we can agree that one of the most challenging experiences that an individual must deal with is the passing away of family member or friend. Additionally, many surviving friends and loved ones are left behind to manage and sometimes pay for the end-of-life medical expenses and the sometimes staggering costs of the funeral and burial. All of this is added to the burden of stress and mourning that accompanies the loved one’s passing. We know that life insurance is commonly available to take care of the expenses but final wishes may not always be provided by the deceased. Here we will discuss final expense insurance and how it can resolve the financial issues associated with dying.

For those men and women who may have put-off or even overlooked purchasing a life insurance policy when they were young and healthy, Final Expense insurance is available for those who may be declined when applying for inexpensive fully-underwritten life insurance. Final expense insurance provides a less challenging way for older and less-healthy men and women to purchase life insurance without the need for a medical exam of blood and urine test.

In fact, if your answers to the health questions on the application prevent you from being approved for coverage, most companies will offer a “guaranteed issue” policy where health conditions and questions are disregarded.

Addressing the Increased Cost of Dying

Reports and data are readily available from various funeral home associations that the cost of dying has increased about 1300 percent over the previous three to four decades, and the cost of traditional funerals and gravesites are expected to rise even more. Currently, the cost of a traditional and moderately priced funeral is about $10,000 without including the cost of the g

A Logical and Necessary Insurance Solution

The most inexpensive traditional life insurance products like Term insurance and Universal Life are typically purchased to replace the lost income when a family breadwinner passes away. These policies generally have a substantial death benefit to accommodate a family’s accumulated debt, a significant mortgage balance, and monthly expenses into the future. They are larger and affordable policies because the insureds are younger and healthier.

But when we have gotten older, however, the need for a large amount of insurance is reduced because through the years, debts have been paid and we own the home we live in. This is a good thing since because of our age and health, traditional life insurance is likely to be unattainable, and certainly, temporary insurance like Term may likely be a waste of money since we can easily outlive the policy period.

In this time of our life purchasing a final expense insurance policy is the most practical solution for seniors looking to shield their surviving family and friends from continually increasing funeral costs. Final expense insurance is generally easy to qualify for since the policy is considered according to your answers to health questions, and in most cases, there is no medical exam.

How Much is this Final Expense Insurance Going to Cost?

In most cases, you can cover the majority cost of a funeral with a $9,000 death benefit if your beneficiary takes a very frugal approach to planning the funeral.

When you contact an independent agent like Docktor’s Insurance, you will have the ability to shop all of the leading final expense insurance companies at once. You can do this on our website or by calling the office during normal business hours.

Our Best Rates for $9,000 Final Expense Quotes

When you review the information below, you will find actual rates from a highly-rated life insurer that offers Final Expense Insurance. We have also provided several common assumptions. For a quote on a particular age, you can use the instant quote form on the right of this page.

  • Rates are based on non-smokers. Those who smoke will pay a lot more insurance premiums.
  • The monthly rates are determined by your age group. For a quote based on your exact age, simply fill out our instant quote form.
  • We represent many highly-rated life insurance companies but feel this selection will provide an accurate picture of the premium you can expect to pay.

9,000 Final Expense quotes

Are there Options if I’m Declined?

Yes, there are. If you are declined as a result of your answers to the medical or lifestyle questions, Docktor’s Insurance will recommend a “guaranteed issue” policy that contains no health questions and doesn’t require a medical exam. Below are our best rates.

$9,000 Final Expense Quotes

Gerber life insurance 9000 final expense quotes

Gerber $9,000 final expense quotes

For more information about $9,000 Final Expense Insurance, please call the insurance professionals at Docktor’s Insurance at  (888) 773-1181 during normal business hours, or contact us through our website at your convenience.

 

$8,000 Final Expense Quotes

$8,000 final expense quotes
Final Expense Insurance or Burial Insurance is generally bought by the policyholder to make sure that their final expenses are paid for in case of their death. Even though these policies are known as Final Expense Insurance or Burial insurance, the policy used to fund the plan is a straightforward Whole Life Insurance contract. Here we will discuss final expense insurance and offer $8,000 final expense insurance quotes.

Whole Life insurance is the recommended policy type because it is offered with smaller death benefits, it will stay in force for the life of the policyholder, the premium never changes, and the underwriting required with the purchase is less rigorous. In fact, some insurance companies offer policies that are referred to as “guaranteed issue” and there is little to no medical details necessary.

Most of these insurance policies are generally purchased by individuals who are between age 50 and age 85 who either currently have no life insurance or desire to have a policy specifically for their final expenses (funeral and medical expenses) when they pass away. Buying a Final Expense Insurance policy is regarded as being an act of love because the insured is making preparations in advance of their death rather than leaving funeral arrangements and other expenses to their surviving loved ones.

Instructing Surviving Loved Ones

Many life insurance companies that provide final expense or burial insurance will usually provide a guide for the policyholder to use to present their last wishes for funeral preparations and how the death benefit ought to be utilized.

There may possibly be additional final expenses that will need to be paid as well. Lots of seniors that pass away may have spent some time in a nursing home or assisted living facility, so there may be a balance due to these types of facilities. As for other financial obligations, unless there is an adequate death benefit to deal with them, the debts will be satisfied by liquidating the insured’s assets in the estate.

Leaving behind instructions for your last wishes is the most appropriate means to take care of decisions regarding debts and funeral plans for your surviving loved ones. By planning in advance and buying final expense insurance or burial insurance, you help reduce the weight of decision making from the shoulders of your surviving loved ones who are usually grieving for you.

Is it Mandatory for a Beneficiary to use the Death Benefit for the Funeral?

Except in cases where the insured has assigned all or a portion of the death benefit to a funeral home or other organization, the beneficiary can spend the death benefit in any manner they choose. The insurer’s sole responsibility is to pay out the death benefit to the person or persons noted as beneficiaries on the insurance policy. If the beneficiary does not outlive the insured, the death benefit will be paid out to the contingent beneficiary or to the estate if there is no contingent listed.

The preferred way to make certain that your last wishes are carried out is by discussing your plans with the loved ones beforehand and make them aware that you would like them to take care of your funeral arrangements and that you have created a “last wishes directive” to help relieve them of the important decisions that will need to be made with regards to the funeral.

How much should I expect $8,000 Final Expense Quotes?

Unless the insured has made some preparations in advance, the beneficiary can expect to pay between $8,000 and $9,000 for a reasonably priced funeral. There are, however, other final expenses that can be related to the funeral service like a headstone instead of a marker and assisting relatives with transportation and accommodation expenses, but for now we are discussing $8,000 final expense quotes.

Regrettably, funeral expenses are climbing and unless they are organized in advance, your loved ones might possibly get taken advantage of due to the fact that most people are reluctant to negotiate while mourning the loss of their loved one.

Actual $8,000 Final Expense Quotes

Below, we have listed actual $8,000 final expense insurance quotes by age groups between 50 and 85 years-old. For a quote for your current age, please use the form on the right of this page. We have listed the assumptions for these quotes below:

  • Rates are based on non-smokers. Those who smoke will pay a lot more insurance premiums.
  • The monthly rates are determined by your age group. For a quote based on your exact age, simply fill out our instant quote form.
  • We represent many highly-rated life insurance companies but feel this selection will provide an accurate picture of the premium you can expect to pay.

8,000 final expense quotes mutual of omaha 8000 final expense quotes

These $8,000 final expense quotes are based on level benefits and first-day coverage as long as the applicant’s answers to the health questions do not disqualify them from coverage.

What if I’m Declined?

If you are declined as a result of your answers to the medical or lifestyle questions, Docktor’s Insurance will recommend a “guaranteed issue” policy that contains no health questions and doesn’t require a medical exam. Listed below are our best rates for guaranteed issue life insurance:

Gerber life insurance 8000 final expense quotes

Gerber 8000 final expense quotes

It’s important to note that guaranteed issue coverage has a waiting period of two or three years when the insurer will not pay the full death benefit for death from natural causes. The insurer will, however, pay the full benefit from day one if death is the result of an accident.

For more information about traditional Final Expense Insurance, whether Level Benefit or Guaranteed Issue, call the professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or contact us through our website at your convenience.

$7,000 Final Expense Quotes

$7,000 final expense quotes
If you are thinking about buying either Final Expense Insurance or Burial Insurance, choosing the best insurance company may appear to be a challenge. In most cases, the same questions come up from virtually everyone who is contemplating a purchase.

  • Will I qualify for coverage?
  • Is the insurer reputable?
  • Does the company pay their claims quickly?
  • Am I Getting a Competitive Rate?

Each of these are relevant, popular, and practical questions, and would probably come to anyone’s mind because of the type of the partnership. Going into an insurance contract is very significant, and every question should be resolved prior to rather than after your policy is issued.

If you are like many people and discover insurance policies are challenging to read and understand, it makes really good sense to have a knowledgeable independent agent in your corner who is going to look out for your best interests throughout your insurance transaction. The following are frequently asked questions that you ought to know the answer to so you can be secure in your purchase.

Will I Qualify for Coverage?

Since none of our final expense insurance plans require a medical exam, your answers to the health questions on the application whether you are qualified for coverage. If you do not qualify for standard Final Expense Insurance coverage, we will get you qualified for a guaranteed issue policy since there are no health questions or medical exams required.

Is the Insurer Reputable?

You certainly want to be confident that your insurer is well prepared to pay the claim when the most unfortunate thing happens. It makes excellent sense to make sure that the insurer is financially stable and reputable before you agree to a purchase.

The good news is, potential customers have access to a well-known insurance company rating service called A. M. Best, and your internet search will offer the financial information about any life insurance company you are considering. The A. M. Best web portal may ask you to register, but there is no charge to obtain their data. In fact, there are many other consumer resource tools available on their web pages. To access this beneficial tool, click here. Additionally, most reputable independent agents can email you a list of the carriers they represent with each company’s A.M. Best rating listed next to the company’s name.

Does the Company Pay their Claims Quickly?

When it finally comes time for the insurer to pay a death benefit on your Final Expense Insurance or Burial Insurance, you definitely want to be guaranteed that the death benefit is paid promptly and appropriately. Funeral and burial expenses need to be taken care of in a matter of days, not weeks, and you have every right to be concerned that your beneficiary receives a prompt payout from the carrier.

The more effective agents take the required steps to monitor claim payments for their clientele. If they represent a carrier that is not getting claim payments out in an acceptable amount of time, they are usually the first to know about it. It is reasonable that a reputable independent agent would cease representing an insurance company whose claims service is causing telephone calls from disappointed beneficiaries, surviving loved ones, and funeral directors.

Am I Getting a Competitive Rate?

The answer to this question is much more about your independent agent’s capability to search all leading insurance companies on your behalf. When you are thinking about Final Expense Insurance or Burial Insurance, you are much better served by using a trustworthy and knowledgeable independent agent. The majority of independent agents represent all of the important players in the insurance market, and you can confirm this when you make the first contact. Using an independent agent works well in your favor because the agents will continually put your needs first throughout the shopping, underwriting, and purchasing process.

Presently, there are about 750 life insurance companies in the U.S., but only about 10 percent of these offer Final Expense Insurance and Burial Insurance. Your independent agent should represent the majority of these carriers or at least the top twenty as far as rates and available products are concerned.

Here are Our $7,000 Final Expense Quotes

Below are actual quotes for $7,000 Final Expense Insurance quotes.

When you review the information below, you will find actual rates from a highly-rated life insurer that offers Final Expense Insurance. We have also provided several assumptions:

  • Rates are based on non-smokers. Those who smoke will pay a lot more insurance premiums.
  • The monthly rates are determined by your age group. For a quote based on your exact age, simply fill out our instant quote form.
  • We represent many highly-rated life insurance companies but feel this selection will provide an accurate picture of the premium you can expect to pay.

7,000 final expense quotes

Mutual of Omaha $7000 final expense quotes

As you can see by the rate chart above for $7,000 Final Expense quotes, women cost less to insure than men. This is simply because women tend to live longer than men which will allow the insurance company to spread the cost of insurance over a longer time period.

Gerber life insurance 7000 final expense quotesGerber 7000 Final expense quotes

For more information about $7,000 Final Expense Insurance quotes or any other amount of final expense insurance, call the professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or you can contact us through our website at your convenience.

$6,000 Final Expense Quotes


A Final Expense policy 
$6,000 final expense quotescan provide an invaluable peace of mind for your loved ones. The recollections and impressions that you leave behind when you pass are how you will be memorialized when your moment has arrived. Leave behind a legacy of jubilation and joy instead of final expense costs and burdens. In this article, we discover how affordable $6,000 final expense insurance quotes really are.

End-of-life preparation can really feel like a challenging decision, but it is definitely one that should certainly not be left as a burden for your surviving loved ones. The multitude of funeral costs accumulates rapidly and without a final expense insurance plan, most families have a hard time to provide the money needed to cover the costs. This can lead to foregoing tuition coverage, mortgage payments, and many other unexpected cuts.

There is already enough emotional baggage in a time of loss. Economic stress can overpower those that are left to address the funeral, burial and other end-of-life costs. By thinking ahead about final expenses, you will be equipped to display your support for your surviving loved ones when they need it the most.

What is Final Expense Life Insurance?

Final Expense Life Insurance is a whole life insurance policy developed to deal with all the expenses associated with your death. This can include final medical expenses but is often targeted at all of the expenses that go into funeral costs such as embalming or cremation, caskets, and vaults, facilities charges, memorial services, and transportation.

With your attention often directed at existing health care insurance costs, it is really easy to neglect the necessary arranging for end-of-life expenses. These expenses are not something that can be postponed until the last minute. Tie up all your loose ends in advance so that your loved ones are not left to start selling their individual assets or start using money in savings accounts in order to cover your final expense costs.

Is Final Expense Insurance Expensive?

On the contrary, Final Expense Insurance plans are reasonably priced and do not call for a medical exam or blood and urine tests, unlike other traditional life insurance plans. Because every plan can be created individually, you decide how much you would like to contribute.

You can compare Final Expense Quotes with our Insurance Calculator, and find the most beneficial final expense plan. Individuals with preexisting health conditions will not be turned away from a Final Expense plan either, and many companies will offer coverage for applicants up to 85 years-old.

$6,000 Final Expense Quotes

For many people, the idea of a cremation service is attractive because the cost is more than half that of a traditional funeral. And for others who may already have some life insurance, they might simply want to add some coverage to their existing policy. For this reason, we are offering the rates for a $6,000 Final Expense Insurance policy. These rates are divided by age groups and give an accurate indication of your cost of insurance. For a detailed quote for your current age, please use our instant quote engine on the side of this page.

$6,000 Final Expense Quotes – Level Benefit

When you review the information below, you will find actual rates from a highly-rated life insurer that offers Final Expense Insurance. We have also provided several assumptions:

  • Rates are based on non-smokers. Those who smoke will pay a lot more insurance premiums.
  • The monthly rates are determined by your age group. For a quote based on your exact age, simply fill out our instant quote form.
  • We represent many highly-rated life insurance companies but feel this selection will provide an accurate picture of the premium you can expect to pay.

6,000 final expense quotes

What if I’m Declined?

One of the great benefits of Final Expense Insurance is that virtually anyone can find coverage. Although there is no medical exam required for a traditional Final Expense Policy, there are some medical questions that if answered “yes” could disqualify an applicant from coverage.

There is, however, Guaranteed Acceptance insurance policies available where the only requirement is that you fall within the minimum and maximum age range. There are no health questions and there are no medical exams or blood and urine tests required. Hence the “guaranteed acceptance” description is certainly appropriate.

Using the same assumptions that are listed above, here are our best rates for guaranteed acceptance $6,0000 Final Expense Quotes:

AIG guaranteed issue whole life insurance

AIG guaranteed issue 6000

Final Expense Insurance Level Benefit versus Guaranteed Acceptance

When considering $6,000 final expense quotes, it’s important that you understand the difference between the level benefit and guaranteed acceptance policies.

  • Level Benefit: Although no medical exam or blood and urine tests are required, the level benefit policy does contain health questions that could possibly exclude the applicant from coverage. Like traditional life insurance policies, the level benefit final expense policy provides coverage for death from natural and accidental causes from the first day.
  • Guaranteed Acceptance: This type of policy contains a “graded benefit” which means that there is typically a two or three-year waiting period when the insurer will not pay the full death benefit for death from natural causes.

Select a Specialist for Final Expense Insurance

The best method for purchasing final expense insurance at the most affordable rates is to select an agency that specializes in Final Expense Insurance. At Docktor’s Insurance, our insurance professionals have a great deal of experience with developing affordable final expense insurance programs and have access to multiple high-rated insurers who will deliver a solution for your particular circumstances.

For more information about  final expense insurance quotees or for a free and confidential $6,000 final expense insurance quote, use our instant quoted engine on the right side of this page or contact Docktors Insurance through our website at your convenience.

$5,000 Final Expense Quotes

$5,000 final expense quotes

In many cases, across the United States, there are many individuals who have not purchased life insurance to cover final expenses or burial expenses. In most cases, these individuals have waited until late in life to take care of insuring for final expenses and either their age or health conditions are now preventing them from qualifying for traditional fully-underwritten life insurance. Here we will examine $5,000 Final Expense Insurance quotes from various highly-rated companies

The good news is, there are many highly-rated insurers who offer Final Expense and Burial Insurance policies that are designed to meet the needs of this large group of uninsured individuals. Here you can get an accurate picture of your cost for Final Expense and Burial Insurance.

Here’s How we can Help

An actual quote for a $5,000 Final Expense Insurance policy using No Medical Exam Life Insurance

When you review the information below, you will find actual rates from three highly-rated life insurers that offer Final Expense Insurance. We have also provided several assumptions:

  • Rates are based on non-smokers. Those who smoke will pay a lot more insurance premiums.
  • The monthly rates are determined by your age group. For a quote based on your exact age, simply fill out our instant quote form.
  • We represent many highly-rated life insurance companies but feel this selection will provide an accurate picture of the premium you can expect to pay.

Assurity Life Insurance

Assurity Life Insurance

 

mutual of omaha

mutual of omaha rates for $5000

foresters life insurance

foresters life insurance 5000 rates

Fortunately, these rate charts indicate that purchasing Final Expense or Burial Insurance later in life will not break the bank.

No Medical Exam Policy versus Guaranteed Acceptance Policy

Although Final Expense and Burial Insurance policies are available using a No Medical Exam Policy or Guaranteed Acceptance Policy, each type of policy are substantially different.

  • No Medical Exam: Although this type of policy has many health questions which are used to qualify an applicant for coverage, the insurance company does not require a medical exam. The underwriting guidelines for this type of policy is also much more liberal than a traditional fully underwritten insurance policy.
  • Guaranteed Acceptance (guaranteed issue): This type of policy is also designed to accommodate those individuals who are seeking insurance to cover Final Expenses. The difference is that there are no health questions asked or any medical exam requirement. If the applicant is within the age group, they will normally be approved. The applicant must, however, agree to several caveats that will be discussed below.

An actual $5,000 Final Expense quote using Guaranteed Acceptance Life Insurance

We will use the same assumptions that were listed for the Non-Medical Life Insurance:

  • Final expense quotes are based on non-smokers. Those who smoke will pay a lot more insurance premiums.
  • The monthly rates are determined by your age group. For a quote based on your exact age, simply fill out our instant quote form.
  • We represent many highly-rated life insurance companies but feel this selection will provide an accurate picture of the premium you can expect to pay.

AIG American General Life Insurance

American General insurance rates

gerberlife final expense life insurance

gerber life insurance rates

You are likely to notice that the best final expense insurance quotes from each insurance carrier is dependent upon the age group you would fit in. For an exact final expense insurance quote, use our instant quote form on the right of this page.

For more information about Final Expense or Burial Insurance, call the professionals at Docktors Insurance at (888) 773-1181 during normal business hours, or contact us for more information and a free and confidential quote through our website at your convenience.

 

 

Gerber Insurance – Final Expense Insurance

gerber insurance
Gerber Life Insurance Company, a subsidiary of the Gerber Products Company, was founded 1967 with a mission to provide quality life insurance products for individuals and families. Although the company is more recognized by its life insurance products for babies and toddlers, Gerber Insurance also offers affordable life insurance for consumers at any age.

Gerber Insurance is currently licensed to offer their life insurance products throughout the United States, Puerto Rico, and Canada. They currently have more than $45 billion of life insurance in force which translates to 3.3 million policies.

Gerber Life’s Ratings

Gerber Insurance enjoys very high rating levels with multiple rating services. A.M. Best, probably the most well-known insurance rating service has awarded Gerber Life Insurance an “A Excellent” rating which means the company will have no difficulty paying its insurance claims or meeting other obligations in the future. Gerber also received an “A+” rating from the Better Business Bureau.

Guaranteed Issue Gerber Insurance

Gerber’s Guaranteed Issue Life Insurance policy has become one of the most popular final expense products with independent agents across the country. Since this is guaranteed issue life insurance, health issues do not interfere with the policy being issued and individuals can purchase coverage very late in life. This product from Gerber Life Insurance is a particularly good solution for seniors who have health issues and need enough insurance to pay for final expenses. There are four key features with Gerber Guaranteed Issue Life Insurance:

Whole Life Insurance

  • Lifetime Coverage: When you purchase whole life insurance, you are getting an insurance policy that will remain in force your entire life as long as the periodic premium is paid.
  • Cash Value: Your Gerber Guaranteed Issue whole life policy will build cash value over time because a portion of your premium payment will be diverted to a cash account that earns interest. Policyholders have the ability to access the cash in their policy by taking policy loans, or they can use the money to pay their periodic premiums as long as there are sufficient funds available.
  • Non-Cancelable: Policyholders can have peace of mind that their coverage will remain in force during their lifetime because the company cannot cancel the policy unless the premiums are not paid. This means that if you become very ill or must live in a nursing home, the company cannot cancel your policy.

Guaranteed Issue

  • Non-Medical Underwriting: Since this final expense policy is guaranteed issue, applicants do not have to undergo a medical exam or blood and urine tests that are required for traditional life insurance. As long as an applicant falls within the established age range, a policy will be issued.
  • Health Questions: Even though there is no medical exam requirement, no questions about your health will be asked by the insurer.
  • Eligible Ages: Any individual that is age 50 to 80 will qualify for
    Gerber’s Guaranteed Issue Life Insurance.

Available Face Amounts (Death Benefit)

  • The face amounts available for policyholders range from a minimum of $5,000 up to $25,000 which should be sufficient to cover the cost of a funeral, burial, and other final expenses.

Guaranteed Level Premiums

  • Once your policy is issued, your periodic premiums will remain the same throughout the life of the policy. Premiums are never affected by getting older or becoming seriously ill. Once your periodic premium is established, it cannot change.

Sample Rates for Gerber Insurance – Guaranteed Issue

Even with all of the previously mentioned features and benefits, Gerber Guaranteed Issue Life insurance provides very competitive rates among the top ten life insurance companies.

Here, we have listed Gerber’s insurance rates for a male of various ages.

AGE $5,000 $8,000 $10,000 $15,000 $20,000
50 $19.66 $30.91 $38.41 $57.15 $75.90
55 $23.51 $37.07 $46.11 $68.70 $91.30
60 $28.78 $45.50 $56.65 $84.52 $112.38
65 $34.60 $54.82 $68.29 $101.98 $135.67
70 $44.41 $70.51 $87.91 $131.41 $174.91
75 $62.79 $99.99 $124.67 $186.54 $248.42
80 $110.92 $176.92 $220.90 $330.92 $440.92

In every one of these age and coverage categories, Gerber will come up in the top five most competitive insurance premiums.

Graded Death Benefit

Just like other guaranteed issue life insurance policy, the Gerber Life Insurance Guaranteed Issue policy has a graded death benefit. The graded death benefit contains caveats in the policy that allows the insurer to make a profit while offering coverage to an unknown risk. Gerber’s caveats are as follows:

  1. If the insured should die within the first two years of the policy, the death benefit will be equal to 110% of all premiums paid into the policy. If death is the result of an accident, the full death benefit will be paid. After the policy’s second anniversary, the full death benefit will be paid for death from natural causes or accidental death.
  2. When you compare the guaranteed issue life insurance policy to a traditional life insurance policy, the premiums are significantly higher since the company is agreeing to insure an unknown risk.

When to Consider Gerber Guaranteed Issue Life Insurance

Consumers should keep in mind that guaranteed issue life insurance is typically the most expensive and therefore should be the policy of last resort. If because of your age or health issues you find you cannot qualify for fully underwritten or simplified issue life insurance, Gerber Guaranteed Issue Life Insurance is going to be your most affordable choice.

For more information about Gerber Insurance and their  final expense insurance and guaranteed issue insurance policies, contact the insurance experts at Docktor’s Insurance at (888) 773-1181 ext 1 during normal business hours, or contact us through our website at your convenience.

 

 

AIG Insurance – Guaranteed Issue Whole Life

AIG Insurance

AIG (American International Group), one of the world’s largest insurers, is currently serving more than 90 million policyholders in over 100 countries. Recently noted for receiving a government bailout during the crash in 2008, AIG management restructured the company and managed to pay off the bailout amount plus interest which allowed the U.S. government to sell off the last shares in the company in 2012. In this article, we will discuss AIG Insurance – Guaranteed Issue Whole Life.

 

AIG Insurance enjoys an “A Excellent” rating from A.M. Best Rating Services. Financial strength is extremely important since it indicates if an insurer will be able to pay its claims and meet its ongoing operating obligations.

AIG Overview

AIG Insurance currently markets its life insurance products under the American General Life Insurance Company brand name. The company is very popular with agents because of their liberal underwriting guidelines and a complete selection of life insurance products.

The company’s use of lab scoring along with standard underwriting practices allows them to in many cases offer a preferred underwriting classification while other top-rated companies are unable to do so. This unique underwriting process allows applicants with favorable lab scoring results, in addition to their established preferred criteria, to receive AIG’s most favorable insurance rates.

High-Risk Cases

AIG Insurance stands out among the top high- risk insurers and is considered an excellent resource for applicants who may be dealing with medical issues that will normally result in unfavorable insurance rates. They are considered most competitive for applicants dealing with diabetes, heart disease, and sleep apnea. The company also takes a very liberal stance when rating for medical and recreational marijuana use.

Final Expense Insurance

AIG’s Guaranteed Issue Whole Life product has become a very popular final expense product for independent agents across the country. Guaranteed Issue Whole Life (GIWL) is designed to offer senior clients the comfort and peace of mind of covering the costs of final expenses for just two or three dollars a day.  With available face amounts of up to $25,000 and issue ages up to 85 years-old, this product fits especially well in the final expense marketplace.

Guaranteed Issue Whole Life from AIG Insurance

Guaranteed Issue

  • Face amounts from $5,000 to $25,000
  • Issue ages from 50 to 85 years-old (age last birthday)
  • No medical exams, lab tests or health questions on the application
  • Applicants will not be declined for health reasons

Fixed Premiums

  •  All premium payments remain level for the life of the policy

Fast Application Processing

  •  Most applications are processed in 15 minutes or less
  • The company will accept payments via ACH, SS Debit Card, or Credit Card
  • Applicant can set delayed billing to preferable date

Chronic Illness Benefit Included

  •  Upon diagnosis of a qualified illness, the company will return premiums of up to 50% of the face amount to the insured
  • No waiting period for the benefit
  • No additional premium charged

Terminal Illness Benefit

  •  The company will pay 50% of the death benefit for terminal illnesses expected to result in death of the insured within 24 months
  • No additional premium charged

Graded Death Benefit

  • Death from natural causes during year 1 and 2 – 110% of all premiums paid
  • Death from natural causes in year 3 or later – Full face amount of the policy
  • Death resulting from accidental causes – Full face amount from the first day
  • Death resulting from suicide – All premiums returned to the beneficiary

Policy Specifications

  • Social Security number required for all applicants
  • Free look period of 30 days for 100% refund
  • Insured must also be the policy owner
  • Payor can be different from the named insured
  • Insured can purchase only one policy in any 12 month period
  • Insured can purchase no more than $25,000 in death benefit
  • No replacement or term conversion allowed into the policy

Sample Rates for AIG Guaranteed Issue Whole Life Insurance

Here are some sample rates for a male non-smoker:

 

AGE DEATH BENEFIT MONTHLY PAYMENT
50 YEARS-OLD $10,000 $51.92
60 YEARS-OLD $10,000 $63.17
70 YEARS-OLD $10,000 $93.14
80 YEARS-OLD $10,000 $175.15

 

AIG’s Guaranteed Issue Whole Life is one of our agency’s go-to insurance products for Final Expense policies for prospective clients that may have health issues that prevent from going through the traditional underwriting process. The company is one of our favorite choices when we have a prospective client with severe medical issues and who want their insurance policy issued without worrying about a medical exam or blood test, and they want the policy issued quickly.


For more information about final expense life insurance or a free and confidential quote, call the insurance professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or you can contact us through our website at your convenience.

 

Guaranteed Acceptance Whole Life Insurance from Colonial Penn

whole life

On an annual basis, most life insurance companies publicize how many in-force policies they have for that fiscal year. On average, when this count is completed and compared to the American household average, we find that only 43 percent of American citizens have any form of life insurance at all even though there is continuous advertising about guaranteed acceptance whole life insurance.

Everyone is fully aware of the fact that they will eventually die. And everyone is aware of the fact that it will cost some loved one, family member, or other entity funds to bury them or cremate them. Despite these facts, 43 out of 100 people are still not insured. There are many extemporaneous factors that contribute to, those who fully understand that they need life insurance, not taking the necessary steps to acquire any life insurance at all.

  • The average household has many items that take up resources on a regular basis. Concerns such as monthly bills, mortgage payments or rent, household goods, and providing necessities for children such as school supplies, clothing, and extracurricular activity costs. All these things lead to life insurance being one of the last thoughts and expenses that go through the mind of most Americans in today’s society.
  • Unmarried individuals are usually less concerned with the cost of a burial and the financial burden left behind for those remaining when they pass away.
  • Most impoverished households and even those without disposable income do not place a priority on life insurance over their routine expenses.
  • Most gainfully employed individuals receive life insurance through the employer for whom they work. What most do not understand is that these policies are only in force while the insured is actively employed at the place of employment.
  • Seniors may have experienced financial hardships or encountered an emergency over the course of their lives may have already cashed in life insurance they obtained in younger years to cover emergency expenses and may not have applied for current coverage.
  • Many Americans have a preconceived notion that health issues that they currently have would disqualify them from being eligible for life insurance in any form.

These are only some of the many reasons why most adults do not carry adequate life insurance to fulfill their final obligations. Many other factors also play a role in leading to the American populace being grossly under-insured as a whole; however, we will focus on individuals that believe if they were to apply for life insurance, they would be denied.

These individuals may have applied for life insurance in the past and been given an excessively high premium due to rating or may have been declined by the life insurance company outright. This may have occurred for a multitude of reasons ranging from a hazardous occupation to health complications such as high blood pressure or diabetes among many others.

Guaranteed Acceptance Whole Life Insurance

As a result of the high number of Americans that are unable to obtain traditional life insurance, many life insurance carriers have begun offering “guaranteed issue” life insurance plans to insureds.

Guaranteed issue life insurance policies are whole life insurance policies that do not require a medical exam or medical testing of any kind. The only policy requirements are that the insured is alive and that the premium is paid on time. As simple as this sounds, the one caveat is that there is a two or three year waiting period prior to death due to natural causes in order for the beneficiary to be paid the full face amount on the policy.

If the insured were to pass away of natural causes prior to that term, the insurance company would simply go through a process known as “Return Of Premium” in which the funds that have been paid for the policy would simply be given to the beneficiary of the policy. If the insured were to pass away due to an accident, regardless of timeframe, the insuring entity would pay the full face amount of the policy.

Guaranteed issue life insurance policies are designed for insureds to take advantage of later in life. Most of these policies have an age range of 50 to 85 and a face amount of $1,000 to $30,000. This type of whole life policy has a face amount that will never change and can be kept by the insured as long as the premiums are paid, and are considered an ideal solution to cover final expenses. Because these are whole life policies, they build cash value over the life of the policy and that cash value can be used as the insured so chooses.

Many life insurance carriers have gone to a model in which they offer plans of this type for the older market demographic. One of the market leaders in this segment is Colonial Penn’s Guaranteed Acceptance Whole Life Insurance.

Colonial Penn Guaranteed Acceptance Whole Life Insurance

Colonial Penn Insurance Company is located in the state of Pennsylvania and has been providing quality life insurance products to the American people for over 50 years. The quality of the products they offer has afforded them with an A- rating by the insurance rating company known as  A.M. Best rating services.

Colonial Penn has made access to their products overwhelmingly easy by being available to consumers via telephone, the internet, and through direct mail contact. Using this business strategy, they have aggressively grown and continued to be a market leader by getting seniors to reach out to the company.

About Guaranteed Acceptance Whole Life Insurance

  • Insuring AgesInsurance policies are available for all ages. Ages 50 to 85 are the primary market. Renewable term insurance can be purchased for any person above age 18.
  • Guaranteed Benefit Upon policy issue, your life insurance policy is guaranteed for life so long as your premium is paid.
  • Guaranteed PremiumAfter issuing your policy, your premium will never increase for any reason, including your health or age.
  • Non-CancelableOnce issued, as long as your premium is paid on time, your policy can never be canceled unless you decide to do so.
  • Payment OptionsColonial Penn accepts payment on an annual, semi-annual, quarterly, and monthly basis.
  • Available CoverageColonial Penn insures each policy by units that are used to determine the face amount of the policy. The units allocated represent a dollar amount based on your age, and your age dictates the amount of coverage you may have.

Pros and Cons of Colonial Penn Guaranteed Acceptance Whole Life

Pros

  • Policies are guaranteed to be issued
  • No medical exams or medical tests required
  • Coverage can be had up to 85 years old
  • Can be purchased online, through the mail, or over the phone
  • Rated A- by A.M. Best
  • Guaranteed payout at time of death
  • Guaranteed premium rate
  • Policy can not be canceled
  • Versatile payment options
  • Policy builds cash value

Cons

  • Rates are higher than comparable policies that require medical screening
  • Must be outside of 2 year period for natural causes death payout
  • Older consumers are insured at lower face amounts
  • Must be age 50 to 85 for coverage
  • No purchase option through independent insurance agents
  • Must be serviced only by Colonial Penn
  • Independent insurance agents cannot deliver the death benefit

Conclusion

Guaranteed acceptance whole life insurance plays a huge key role in the insurance marketplace landscape, however being forced to purchase directly from the insurance carrier takes the ability away from the insured to have the support and expertise that comes along with having an agent to guide you during your insurance experience. Although a benefit to cutting out the agent network normally navigated by an insured to obtain insurance coverage saves the insurance carrier money, in the end, this is not reflected in Colonial Penn’s rating scale, and those saving are not felt in any way by the insured.

An insured utilizing an insurance agent for their knowledge base, years of experience, and advice in their field does not cost the insured any more than purchasing insurance directly from the insurance carrier. An insured having many options instead of one is always better, thus shopping with an independent insurance agent that has multiple options for an insured to obtain coverage is more advantageous than attempting to shop with each carrier individually.

For more information about final expense insurance or guaranteed acceptance whole life insurance, contact the insurance professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or visit us on the web for a free and confidential insurance quote.

Assurity Life Insurance Company Review

Assurity Life Insurance

Assurity Life Insurance Company is currently headquartered in Lincoln, Nebraska, but also has nearly 400 satellite offices across the nation. The insurer offers life insurance policies in all states, but in New York, they operate as Assurity Life Insurance Company of New York.

Assurity Life Insurance is the result of a 2007 merger of three other Nebraska based insurance companies, Woodmen Accident and Life, Security Financial Life, and Lincoln Direct Life.

Although Assurity focuses on various life insurance products, they also offer disability income insurance, critical illness insurance, and annuities. The company offers their insurance and financial products to individuals and businesses using independent insurance agents. The sales force that offers Assurity insurance products to businesses does so through a separate sales division called Assurity at Work.

Assurity Life Insurance Products

Assurity offers Term Life, Whole Life, and Universal Life Insurance products:

  • Term Life Insurance

NonMed Term 350: This term insurance product is designed to offer insurance to applicants between 18 and 65 years- old. There is no medical exam requirement, and face amounts are available up to $350,000.

Term 350 Plus: This term product is available to individuals up to 75 years-old, but medical exams are required. Since it is fully underwritten, the policies can be purchased with a much higher face amount.

  • Whole Life Insurance

 Assurity’s Whole Life product is available as simplified issue, fully underwritten, or single premium purchase.

 

Simplified Issue Whole Life: The death benefit in the simplified issue policy is based on the applicant’s medical history which is provided on the application and does not require a medical exam.

Assurity’s Simplified Issue Whole Life has become one of the most popular life insurance products for agents that offer final expense insurance. The underwriting guidelines are very liberal and the pricing is ultra-competitive. The company offers this easy to issue product in three types to accommodate anyone looking for Final Expense Insurance.

  • Level Benefit Whole Life

Issue Ages: The issue ages are 6 months to 80 years-old as of the applicants last birthday.

Issue Limits: 

Face Amounts $10,000 – $50,000
Ages 0 through 14: Male/Female – Select Non-Tobacco
Ages 15 through 19: Male/Female – Select Non-Tobacco, Tobacco

Face Amounts $5,000 – $50,000
Ages 20 through 65: Male/Female – Select Non-Tobacco, Tobacco

Face Amounts $5,000 – $25,000
Ages 66 through 80: Male/Female – Select Non-Tobacco – Tobacco

To qualify for the Select Non-Tobacco class, the proposed insured must not have used any form
of tobacco or nicotine-based products within the last 12 months.

  • Graded Benefit Whole Life

The Graded Death Benefit plan has a reduced death benefit for the
first two years the policy is in force. If death due to natural causes occurs during the first year of
coverage, the benefit is limited to 40 percent of the face amount. If death due to natural causes
occurs during the second year of coverage, the benefit is limited to 75 percent of the face amount.
After the second year, the full face amount of the policy is payable.

Issue Ages: This issue ages for graded benefit are age 40 through 80

Issue Limits:

Face Amounts $5,000 – $35,000
Age 40 through 65: Male/Female – Select Non-Tobacco – Tobacco
Age 66 through 80: Male/Female – Select Non-Tobacco – Tobacco

  • Modified Benefit Whole Life

The Modified Death Benefit plan has a reduced death
benefit for the first two years of coverage. For death due to natural causes, the benefit is limited to
110 percent of the annual premium amount in year one of coverage and 220 percent return of the
annual premium amount in year two of coverage. After the second year, the full face amount of the policy is payable.

Issue Ages: The issue ages for Modified Benefit Whole Life are 40 through 80 years-old

Issue Limits:

Face Amounts $5,000 – $25,000
Ages 40 through 80: Male/Female – Select Non-Tobacco – Tobacco

Fully Underwritten Whole Life: The fully underwritten whole life policy offers guaranteed level premiums for the lifetime of the insured, and includes investments that can be used for estate and retirement planning.

Single Premium Whole Life: Assurity’s single premium whole life product has a guaranteed death benefit with a single premium payment. There are no recurring costs for this product after the upfront single premium payment.

Universal Life Insurance: The flexibility of Universal Life insurance is what makes it so attractive to consumers. The policy is designed to provide lifetime coverage, cash value accumulation, and the ability to alter coverage and premiums as the insured’s life changes.

Additional Products from Assurity

Although death is certain, other health issues can also affect the financial stability of individuals and families.

  • Critical Illness – This product is designed to work alongside the insured’s health insurance policy to cover the costs associated with a serious or terminal illness. The costs covered are typically not covered by conventional health insurance, like lost wages, transportation expenses, and home services provided by a third-party.
  • Disability Income – This policy protects the insured’s ability to earn. When the insured is rendered disabled by an accident or illness, the disability income policy can help prevent financial devastation that can result from being unable to draw a paycheck.
  • Accidental Death InsuranceThis product is designed to supplement traditional life insurance as a very inexpensive way to increase the life insurance benefit when the death is the result of an accident.

Example Insurance Rates

 

Rates are for a 30-year-old male non-smoker in Good Health

 

Policy Term Face Amount Monthly Payment
20 years $100,000 $11.48
20 years $200,000 $16.88
20 years $300,000 $22.27
20 years $400,000 $27.68
20 years $500,000 $33.06

 

Assurity Life Insurance is very competitive with all other Term Insurance companies and typically places in the top five during rate comparisons. Prospective insureds can easily purchase $500,000 in coverage for what it costs to feed a family of four at a fast-food restaurant.

Assurity Life Insurance Review, Ratings and Complaints

Assurity Life Insurance Company enjoys an A- rating with an outlook of Stable from A.M. Best Rating Services. They are accredited with the Better Business Bureau and are currently enjoying a rating of A+. There are only four complaints listed; one regarding billing/collections, and three regarding products/services. All four complaints have been resolved by the insurer.


At Docktor’s Insurance, we invite all prospective clients to visit with us over the phone or through our website to get the solutions you need for your individual situation. Please call our insurance professionals during normal business hours at (888) 773-1181, or you can contact us through our website at your convenience.

 

AARP Final Expense Life Insurance Rates for Seniors

life insurance rates for seniors
Most people who are aware of AARP believe it as an organization that advocates for seniors and retired people, however, the truth is, individuals can apply for regular membership at age 50, a long way from being a senior or retired. The AARP (American Association of Retired Persons) is an organization that advocates for its members and markets assorted products and services. How they pick which products or services is up for discussion, but it is reasonable to believe they will not put their name on the line if a product or service isn’t deserving of their seal of approval, especially for AARP Final Expense Insurance.

For AARP’s endorsement for No Exam Life Insurance, they have selected to go with New York Life, a highly-rated and extremely trustworthy life insurance company that offers affordable life insurance rates for seniors.

New York Life Insurance

New York Life Insurance Company has been servicing its clients since 1845 and during the course of their 170 years of service has never failed in paying a covered claim or fulfilling the company’s obligations. In fact, the organization has an industry -leading cash reserve of more than $23 billion.

New York Life is organized as a mutual insurance company which means that their policyholders own the company instead of stockholders. As a mutual company, the insurer has paid out dividends to its policyholders every single year since they were launched in 1854. In fact, clients who own participating products such as whole life are allowed to vote in the board of director’s elections and share in the yearly dividend payout.

As a result of New York Life’s standards of operation and the insurer’s ability to maintain considerable reserves, A.M. Best, Fitch, Moody’s, and Standard and Poor have each given their best rating available to the insurance company, and all four maintained their stable outlook on the organization’s ratings. Out of 800 life insurance companies that do business in the U.S., only two of them have the highest ratings available, and New York Life continues to be extremely pleased with the company’s designation.

Based in New York City, New York Life continues to be a Fortune 100 company, is the largest mutual life insurance company in the United States, and is one of the premier life insurers in the world. The organization offers life insurance solutions, retirement income solutions, long-term care insurance, and various securities products, and mutual funds.

New York Life’s Life Insurance Rates for Seniors

Undoubtedly, while being a supporter of seniors and retirees, AARP is going to make certain they provide no exam life insurance, and New York Life is the insurance product they advocate to their members.

While conventional fully underwritten insurance coverage will be the most budget-friendly insurance for those members looking to cover their final expenses, debt, and loss of income, final expense policies continue to be very popular because of the effortlessness in buying. Not having to deal with insurance medical exams and blood testing is a priority for many seniors along with obtaining a policy that is issued quickly and inexpensively. AARP (New York Life) provides several insurance policy types to pick from.

  • AARP Level Benefit Term Insurance

The Level Benefit Term policy is considered temporary life insurance that provides coverage for individuals up to age 80. It is provided with a low-cost premium that goes up every five years until you become age 80. Individuals eligible for coverage are age 45 and older, and available death benefits are $10,000 to $100,000.

Since this insurance is marketed principally to seniors, there is no medical exam needed and only a handful of medical questions on the application. While being supported by one of the biggest insurers in the world is a very good thing, just a little bit of browsing shows the rates are a little pricey.

  • AARP Permanent Life Insurance

The permanent life insurance promoted by AARP is whole life insurance that remains in force for a lifetime, offers a guaranteed premium, and accumulates cash value that the policyholder can have access to through policy loans that are not required to be repaid. Any outstanding loan balance will be subtracted from the death benefit that will be paid to your designated beneficiary.

Face amounts for the Permanent Life Insurance are from $5,000 to $50,000 and make it a. Just like with their term policy mentioned above, there is absolutely no medical exam required, and the insurance application contains only a handful of health questions.

  • Guaranteed Acceptance Life Insurance

This is the AARP Final Expense product. It is available in benefits levels of $2,500 up to $15,000. Because this is guaranteed issue life insurance, there is a two-year waiting period before the insurance company will pay out the whole death benefit for death from natural causes. In many cases, if the policyholder dies from natural causes during the waiting period, the insurer will pay a death benefit equivalent to the sum of premiums paid into the policy. If the death is the result of an accident, however, the insurer will pay the full death benefit from the first day of coverage. There is no medical exam necessary, and there aren’t any medical questions on the application.

Docktor’s Insurance Review of AARP Insurance Rates for Seniors

Pros: Since the AARP (New York Life) Final Expense life insurance offering has several types of life insurance that are written through one of the largest mutual life insurance companies in the world, policyholders can be confident that the company pay their claims and provide exceptional customer service.

Cons: Although there are no obvious negative issues with AARP Final Expense (New York Life), it is always best to compare life insurance rates for seniors with all the insurers that Docktor’s Insurance represents to make certain that you can take advantage of the best value according to your circumstances.

For more information about AARP Final Expense Life Insurance Rates for seniors written through New York Life Insurance Company, contact the Docktor’s Insurance licensed professionals at (888) 773-1181 during normal business hours, or you can contact us for a free and confidential quote through our website at your convenience.

 

Foresters Life Insurance Company

 

foresters life insurance

Foresters Life Insurance Company is different from any other organization you can purchase your life insurance from, at least in the United States. Founded way back in 1834, they have a historical starting point dating back perhaps further than any other life insurer.

The company was initially the Ancient Order of Foresters prior to it being named the Independent Order of Foresters in the United States in 1874, and now just goes by Foresters. As a fraternal benefit society, Foresters initially existed as a group of mutual participants who exclusively brought themselves together for security, aid, and development. The organization now does business in the United States, Canada, and the United Kingdom as Foresters Life Insurance Company.

At present, Foresters continues it’s non-profit format, providing for members, their families, and friends. They have a variety of financial services programs for help and support, among them they provide life insurance to their active members and their community. From person to person participation to scholarships, Foresters endeavors to continually have its hand in supporting people.

Financial Status

Foresters has developed to a remarkable $8.45 billion in overall assets. Moreover, the company has better than $1 billion in premium surplus which helps the company to manage their business matters and remain solvent.

Almost 1.2 million members and policyholders are currently a part of Foresters, with more than 3 million active policies or financial contracts. The company has experienced double digit percentages in growth over the last handful years, and will likely soon surpass $34 million in assets under management

These kinds of numbers have been consistent for more than ten years, and Foresters Life Insurance Company recently obtained their “A” rating by A.M. Best Rating Services for the 15th straight year. This not only provides testament to a reliable and secure financial status but demonstrates the organization continues to have successes every year, something a lot of other insurance companies cannot emulate.

Foresters and its subsidiaries have solutions in the fields of insurance, mutual funds, annuities, and more.

Insurance Products Available from Foresters Life Insurance

Foresters provides a number of life insurance products for its members and prospective members that are designed to meet critical financial needs:

PlanRight Whole Life Insurance

 Most likely one of the most preferred life insurance products provided by Foresters Life Insurance is the company’s final expense insurance policy: PlanRight Whole Life Insurance. This insurance is a whole life policy that lasts a lifetime and has a fully guaranteed level premium. It has a cheaper premium than many other final expense policies. This product is one of the best final expense insurance policies on the market.

Having said that, there are some health questions and medical requirements that must be satisfied. For this reason, this insurance product is not for everybody. The insurance comes in three types: Fixed, graded, and modified.

  • Fixed Benefit: the death benefit is 100% of the face amount from the beginning.
  • Graded Benefit: there is a limited death benefit the first two policy years. You will receive the greater of the sum of the total premium paid accumulated with 4.5% interest or 30% of the face amount in effect for the first year and 70% in the second year. After the first two years, the death benefit is 100%.
  • Modified: the policy pays the beneficiary a limited death benefit the first two years based on a return of premium plus 10%. After the first two years, the death benefit is 100%. This type of modified death benefit is normally associated with burial insurance policies.

 

Your Term Non-Medical

 Introduced in April of 2017, Your Term is a non-medical level term policy with some attractive features that include:

  • A term selection of 10, 15, 20, 25, and 30-year policy terms
  • Issue ages of 18 to 80 years of age
  • Face amounts (death benefit) up to $400,000
  • Term conversion privilege
  • Accelerated death benefit rider included
  • Additional death benefit for death resulting from a common carrier accident
 Foresters also offers a Charity Benefit Provision that allows for 1% of the face amount of the member’s policy to be paid to a designated charity at no additional cost. 

SMART Universal Life Insurance

This non-medical permanent life insurance product is available for applicants up to age 55 with a death benefit up to $250,000. For applicants age 56 to 70, the company offers coverage up to $150,000.

Variable Products

 Foresters rounds out there product selection with Variable Universal Life and Variable Life that are designed to accommodate applicants that require a guaranteed death benefit but prefer to accumulate significant cash value over time. These policies use subaccounts to invest in market-based products that can deliver enhanced cash value for investment purposes and can be accessed by the policyholder using non-taxable policy loans.

Conclusion

The Independent Order of Foresters has engineered itself from the ground up and additionally added in other companies to operate under the Foresters name and solid reputation. Foresters’ thriving reputation is only preceded by the company’s outstanding products. Almost no member complaints are found about the organization, which is remarkable for any organization covering multiple countries and continents.

Our agency contends that for the purpose of final expense insurance, Foresters can be an outstanding option that provides solid and affordable insurance solutions.

For more information about Foresters Life Insurance final expense products or to get a free and confidential insurance quote, call the insurance professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or contact us through our website at your convenience.

 

Phoenix Life Insurance Company

Phoenix Life Insurance

Anytime consumers shop for life insurance coverage; there are several variables that must be kept in mind. An important variable that we will discuss here is the information about the insurance company you are considering and whether they are worthy of your business which could be for a lifetime. Let’s look into Phoenix Life Insurance Company.

About Phoenix Life Insurance Company

Phoenix Life Insurance Company has been in the business of offering insurance coverage to its clients since the mid-1850s. The organization was founded in 1851, as the Phoenix Companies, Inc. and was originally established to offer life insurance to consumers who abstained from drinking alcohol in any form.

With their primary headquarters located in Hartford, Connecticut, this company’s principal focus is to assist individuals who are in the middle-income market, and individuals who are considered affluent, in obtaining the ideal insurance protection for their needs.

At present, the principal products that are provided by Phoenix Life are life insurance products and annuities. Their products are offered through trained financial advisors and insurance professionals throughout the United States, as well as through the company’s distribution subsidiary, Saybrus Partners.

Company Review

While Phoenix Life Insurance Company has their principal headquarters in Hartford, Connecticut, the organization also has a customer service hub in East Greenbush, New York. The insurance company takes pride in its outstanding customer service – and makes it painless for its customers to contact its service representatives.

Additionally, there is considerable information which is readily available on the Phoenix Life Company website, such as insurance policy forms, claim forms, service documents, and even prospectuses, which can be viewed and downloaded by policyholders and prospective clients.

Phoenix Life has approximately 600 home office staff members – which makes it a fairly small company as compared to most of the other life insurance companies in the industry.

Company Ratings and BBB Grade

Although Phoenix Life has been in the insurance business for numerous years, the ratings continue to remain stable with A.M. Best Rating Services. The company continues to financial obligations to its clients on a timely basis and the company continues to meet its statutory surplus requirements.

The company has been awarded a grade of A+ (on an overall grade scale of A+ to F). And, during the past three years, the insurer has closed one complaint through the Better Business Bureau. This particular complaint centered on issues with the company’s product/service.

Products Offered by Phoenix Life

Phoenix currently offers a variety of affordable insurance products that can meet the needs of their prospective clients because of their simplified underwriting and issuance. They are especially used for covering final expenses of the applicant.

Safe Harbor Term and Safe Harbor Term Express

 These two term products are simplified-issued term policies that have living benefits that were to designed to protect the future of loved ones and plan for the unexpected. No medical exams are required.

Coverage

  • Lump sum death benefit paid to policy beneficiary(ies)
  • Term periods and issue ages (last birthday):

  10 year:  Ages 18-80

   15 year:   Ages 18-70

   20 year: Ages 18-65

   30 year: Ages 18-55 (non-tobacco) -Ages 18-50 (tobacco)

Face Amounts

  

Issue Ages Express Face Amounts Non-Express Face Amounts
18-50 $25k – $400k $50k – $500k
51-60 $25k – $300k $50k – $400k
61-70 $25k – $200k $50k – $300k
71-80 $25k – $100k $50k – $150k

 

Underwriting

 Phoenix Safe Harbor Term Life Express

  • Simplified issue underwriting: no para medical exam or Attending Physician Statement (APS);
  • Non-Tobacco and Tobacco risk classes (standard through table 4)

Phoenix Safe Harbor Term Life (non-Express)

  • Non-medical underwriting: no paramedical exam; APS in certain cases
  • Standard Non-Tobacco and Tobacco risk classes
  • Substandard ratings are available

ConversionsConversions are available depending on the term of the policy purchased.

Free LookAll policies include a free look period so that policy documents can be reviewed by the insured and returned for a full refund for any reason during the free look period.

Whole Life Insurance

For consumers who prefer lifetime and guaranteed life insurance coverage, Phoenix Life offers its simplified-issue whole life policy that has living benefits and several rider options that allow for policy customization.

Life Insurance Coverage

  • Lump-sum Death Benefit
  • Coverage extends for the insured’s lifetime, beyond age 121

Riders Included

  • Accelerated Benefit Riders – option to accelerate a portion of the death benefit in the event of a serious illness:
  •  Critical Illness  –  Terminal Illness
  • Accidental Death Benefit Rider

Simplified Underwriting

  • Non-Tobacco (Preferred) / Tobacco (Standard) risk classes

Issue Ages and Coverage Amounts

 

Insured’s Age Rider Beneficiary’s Age Total Coverage Amount
30-59 30-80 $10,000-$100,000
60-69 30-80 $10,000-$75,000
70-80 30-80 $10,000-$50,000

 

As a simplified issue Whole Life Insurance Policy, Phoenix’s Remembrance life coverage offers several option coverages that can be used to broaden the coverage, 100% policy loans of the policy cash value, and a thirty day free look guarantee.

For more information about Phoenix Life Insurance Company or any other insurers we represent, call the insurance professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or contact us for a free and confidential quote through our website at your convenience.

American Continental Insurance Company

american continental insurance customers

American Continental Insurance Company is a component of Continental Life Insurance Company. While Continental Life Insurance was established over 30 years ago, American Continental is a much younger life insurance company. Being established in 2005, American Continental Insurance employs the same guiding standards of Continental Life Insurance: a responsibility for an excellent product as well as maintaining the best interest of their insurance clients at the center of what they do.

American Continental Insurance Company might be difficult to find in a quick internet search; similar to Continental Life; they are part of Aetna Health and Life Insurance Company, which is the parent company for several life and health insurance companies.

American Continental’s parent company, Aetna, is one of the country’s most popular diversified health care benefits companies, servicing approximately 36.5 million individuals with critical information and resources to assist them in making better-informed choices about their health care and life insurance planning. Aetna provides a comprehensive range of traditional, voluntary and consumer-directed health insurance services and products, including medical, pharmacy, dental, behavior health, group life and disability, and care management services for Medicaid.

American Continental Insurance Company enjoys an A Excellent” rating from A.M. Best Rating Services which was assigned in June of 2016. The company’s outlook is considered “Stable” which indicates the company will have no issues meeting future financial and operational obligations.

Products Available from American Continental Insurance Company

The company currently offers three types of whole life insurance for prospective clients. They offer a Level Benefit Plan for applicants that have minor health conditions, a Graded Benefit Plan for applicants with more severe health conditions and a Modified Benefit Plan for those applicants who do not medically qualify for the Level and Graded plans.

Level Benefit Plan

 

  • Eligible issue ages are 45 – 89 based on last birthday
  • Minimum death benefit: $3,000
  • Maximum death benefit: $35,000
  • Death benefit is available from the first day covered

Graded Benefit Plan

 

  • Eligible issue ages are 45 – 80 based on age last birthday
  • Minimum death benefit: $3,000
  • Maximum death benefit: $35,000
  • Death Benefit is effective first day if death results from an accident
  • Non-accidental death

1st Policy year: 40% of the death benefit

2nd Policy year: 75% of the death benefit

3rd Policy year and later: 100% of the death benefit

Modified Benefit Plan

  • Eligible issue ages are 45 – 75 based on age last birthday
  • Minimum death benefit: $3,000
  • Maximum death benefit: $35,000
  • Death Benefit is effective first day if death results from an accident
  • Non-accidental death

1st and 2nd Policy year: 110% of premiums paid

3rd Policy year and later: 100% of the death benefit

The maximum benefit for each plan will vary according to the age of the applicant.

Whole Life Means Cash Value Flexibility

Accumulated cash value can be applied to non-forfeiture options. The non-forfeiture options will decrease the risk of the policy lapsing by mistake which can leave the policyholder with no coverage.

Cash Value can be designated to purchase a reduced paid-up insurance policy, purchase extended term insurance, or funding automatic premium loans. The available non-forfeiture option may be selected at the time of application or at any time the policy is in force and must be requested in writing.

The cash value that is accumulating in your policy can also be used for policy loans for any reason. Annual interest and fees will apply.

Solid Insurance Coverage when You need it Most

The death of a breadwinner can put a significant financial strain on surviving family members. By establishing a no medical exam final expense plan, the policyholder can provide a level of financial protection so that surviving loved ones can deal with final expenses like funeral and burial costs and unpaid expenses from being in a nursing home.

Final Expense whole life insurance can help add the certainty  you’ll need when you pre-plan for your final wishes and expense:

  • You’ll have peace of mind knowing your loved ones can be better prepared.
  • You can qualify for one of the three plans that are available.
  • There is no medical exam requirement, and your policy type will be offered based on the health questions in the insurance application.

American Continental Life Insurance Guarantee

Since all three of the benefit plans offered by American Continental are supported by whole life insurance, your policy will contain multiple guarantees:

  1. Insurance protection up to $35,000 depending on your age when issued.
  2. Renewable coverage for your lifetime regardless of changes in your health or age.
  3. Periodic premiums that will never go up.
  4. Coverage and benefits that can never go down.
  5. The company cannot cancel your policy as long as the premiums are paid.
  6. All applicants have a 30-day free look period during which you may cancel for a full refund.

 

For more information about America Continental Life Insurance or any of the many other insurance carriers we represent, call the insurance professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or contact us for a free and confidential quote through our website at your convenience.

American Amicable Life Insurance Company

 

american amicable life insurance

In 2010, Industrial Alliance purchased American-Amicable Insurance Company of Texas for about $145 million. Although that seems fairly recent, American Amicable has a substantially longer history than that. The organization was established in Texas way back in 1910 and has been providing innovative life insurance strategies since they were founded.

Traditionally anchored on a cornerstone of financial stability, trustworthy management, and an intense commitment to every insured, American-Amicable Life Insurance Company of Texas looks to the future with terrific excitement.

Industry Ratings

A.M. Best Company is one of the most trustworthy third-party reporting and evaluation companies in the industry. They have awarded American-Amicable an “A” or “excellent” rating. A.M. Best maintains 15 rating classifications, of which “A” is the third strongest. This ranking was awarded in February 2015. Any time you study the ratings of any insurance company, it is important to understand when the rating was awarded, so you will know how up-to-date it is.

With over 100 years of insurance industry experience, American-Amicable operates as a group of companies that consists of:

  • American-Amicable Life Insurance Company of Texas
  • IA American Life Insurance Company
  • Occidental Life Insurance Company of North Carolina
  • Pioneer American Insurance Company
  • Pioneer Security Life Insurance Company

The “A Excellent” rating awarded by A.M. Best (third highest out of 15 categories) is assigned to all five insurance companies in the group.

Final Expense Products from American Amicable

In an attempt to provide solid life insurance solutions for a vast group of applicants, American Amicable offers four types of insurance products for prospective customers to consider:

Ordinary Whole Life Insurance

The ordinary whole life product is considered the perfect solution for prospective customers needing final expense insurance.

Since the policy is built on the whole life insurance foundation, it is a guaranteed insurance solution that provides coverage for a lifetime as long as the periodic premium is paid.

The policy can only be canceled for non-payment, the periodic premiums cannot be increased by the insurance company, and the policy builds cash value that can be accessed through policy loans or surrender.

  • Issue ages are 0 to 85 but can vary in some states.
  • The maximum death benefit is based on the health and age of the applicant.
  • An accelerated death benefit rider is available at no additional charge.
  • There is no requirement for a medical exam or blood work.

Simplified Issue Term

The simplified issue term product is a great choice for covering every life insurance need. The applicant can choose from several different term periods, and the available death benefit ranges from $25,000 to $250,000. Other highlights of Simplified Issue Term include:

  • Return of Premium option available.
  • Convertible to permanent insurance like whole life or universal life without proof of insurability.

Universal Life Insurance

American Amicable provides universal life insurance on a non-medical and fully underwritten basis. It is an affordable solution for getting flexible insurance coverage with limits sufficient to protect your family.

The non-medical selection allows the insured to purchase coverage for up to $250,000 without having to undergo a medical exam or blood and urine testing. When minimum premiums are paid, the policy is guaranteed not to lapse for 15 years.

The fully underwritten selection typically requires a medical exam along with a blood test but can provide a death benefit with no maximum amount. Like all universal life policies, this selection accumulates substantial cash value over time which can be accessed through policy loans or partial surrenders. There is a no-lapse guarantee as long as the minimum premium amount is paid.

Modified Life Insurance

 The modified life insurance solution is available for applicants who because of health conditions, will not qualify for any other life insurance coverage. Options available include:

  • Premiums to age 100
  • Guaranteed cash value
  • Guaranteed death benefit
  • Accelerated death benefit rider
  • Policy loans
  • Other optional riders available

American Amicable Life Insurance Company provides solid solutions for a variety of insurance needs and backs up their products with outstanding customer service to agents and policyholders.

Agency Review

Without question, American Amicable is a fantastic life insurance company. They are highly regarded and trustworthy and have been operating in the insurance industry for over 100 years. They also have an excellent rating from A.M. Best, considered one of the best rating agencies in the country. It is quite certain that American-Amicable is a fantastic life insurance company, but the proper question is whether or not it is a fantastic company for you, the prospective policyholder.

The only real way to find out if any life insurance organization is an ideal solution for you is to be familiar with what everyone else is offering. If you don’t, how will you find out if what American Amicable offers is the very best solution or not? The best life insurance company for your family, friends, or coworkers, may not necessarily be the best life insurance company for you. That’s precisely why you will need to turn to somebody who will be able to provide you with answers not only regarding American Amicable but also concerning many other life insurance companies in the marketplace.

For more information about America Amicable Life Insurance Company or any of the many other insurance carriers we represent, call the insurance professionals at Docktor’s Insurance at (888) 773-1181 during normal business hours, or contact us for a free and confidential quote through our website at your convenience.

Mutual of Omaha Life Insurance Company

mutual of omaha

Mutual of Omaha is one of the most favorable and most popular life insurers. Since the company was founded in 1909, they are very well-established and are recognized for exceptional customer service and very competitive rates. The organization operates all over the U.S. using four distinct life insurance companies:

  • United World Life Insurance
  • Companion Life Insurance
  • United of Omaha Life Insurance
  • Mutual of Omaha Life Insurance

Each of these four Mutual of Omaha companies boasts excellent ratings and financial stability, meaning there will be no difficulties in paying claims and operating expenses.

  • Standard & Poor’s Rating Services AA- (represents the 4th highest out of 21)
  • Moody’s Investors Service A1 Good (represents 5th highest out of 21)
  • M. Best Rating Services A+ Superior (ranked second highest out of 16)

Available Insurance Products

Term Life Insurance

While regarded as temporary life insurance, term insurance is the most budget-friendly type of insurance policy available and is commonly used to acquire a significant death benefit to cover debts, replace lost income, finance college expenses for remaining children, and offer the funds needed for month-to-month expenses for remaining loved ones.

Term Life Answers

This particular term insurance is available in 10, 15, 20, and 30-year terms. The suitable ages are 18 to 80-years-old. There is a term conversion privilege in the policy that permits the policyholder to convert the coverage to permanent insurance like universal life or whole life insurance. The lowest death benefit that is available is $100,000, and there are a variety of riders (options) that can be added to your Mutual of Omaha term insurance policy.

Term Life Direct

Term Life Direct – This term policy was developed to offer insurance coverage up to age 80. This insurance policy is available for individuals age 30 to 74. The death benefit can be selected from $25,000 to $100,000, and there is no medical exam required. There are a variety of riders that can be included to personalize the insurance coverage to satisfy your individual requirements.

Term Life Express

Mutual of Omaha’s Term Life Express policy works perfectly for individuals and families who wish to purchase sufficient death benefits to take care of debts, the mortgage, college tuition, and living expenses if a breadwinner should pass away. The policies are available in face amounts of $25,000 to $300,000 for 18 to 50 year-olds and $25,000 to $250,000 for 51 to 65 year-olds.

Simplified underwriting includes build chart, MIB check, Rx check, motor vehicle report, and telephone interview.

Mutual of Omaha Whole Life

Whole Life insurance is considered to be permanent insurance due to the fact that insurance the policy will remain in force for the entire lifetime of the policyholder.Mutual of Omaha’s  Whole life insurance has a fully guaranteed death benefit, fully guaranteed level premium, and can’t be terminated for any cause other than non-payment. Whole life insurance policies develop cash value that earns a guaranteed interest rate stated in the policy. The cash value account can be withdrawn by using policy loans or surrendering the policy.

Whole Life Guaranteed

Whole Life Guaranteed was developed for individuals requiring final expense insurance coverage. The death benefit available to applicants is $5,000 – $20,000 with eligibility ages of 45 to 85-years-old. Guaranteed issue signifies that the applicant’s health history is irrelevant to getting a policy issued.

Whole Life Express®

Whole Life Express®  is a traditional whole life policy that has death benefit options of $20,000 to $50,000. Individuals age 18 – 85 are eligible, and there is simple underwriting which implies an insurance medical exam is not necessary. This is also an effective policy for final expense coverage.

Living Promise

The Mutual of Omaha Living Promise plan is designed to accommodate applicants looking for final expense insurance that is guaranteed for a lifetime. The Living Promise is available in two plans:

Level Benefit Plan – this plan is provided for applicants ages 45 to 85. The available face amounts range from $2,000 to $40,000 and the policy comes with the Accelerated Death Benefit Rider.

Graded Benefit Plan – this plan is available for applicants who do not qualify for the Level Benefit Plan due to health reasons. Eligible ages for coverage is 45 to 85 and the available death benefit is $2,000 to $20,000.

The Graded Benefit Plan contains a graded benefit which means that if the insured dies from natural causes during the first 2 years of coverage, the beneficiary would receive all premiums paid plus an additional 10%. After two years, the full death benefit will be paid if the insured dies for any reason.  The full death benefit will be paid in the first two years, however, if the insured dies as a result of a covered accident.

 

Mutual of Omaha Universal Life Insurance

Universal life is also permanent insurance coverage (if properly funded) with a cash account included. The cash account is credited an interest rate that is guaranteed by the insurer but can be enhanced if the insurer’s portfolio surpasses the company’s expectations. The Mutual of Omaha universal life insurance is flexible mainly because the policyholder can change their periodic payment and also add riders to personalize the policy coverage

Guaranteed Universal Life

Guaranteed Universal life is referred to as permanent insurance because the insurance policy can be structured to provide life insurance coverage for a lifetime. The death benefits available are $100,000 to $1million and higher. A number of riders are readily available to assist the insured in customizing the policy. The minimum amount interest paid on the policy is set by the company.

Income Advantage Universal Life

This indexed Universal Life product is developed to accrue cash dependent on the overall performance of a market index. The eligible issue ages are 0 – 85-years-old and the death benefits are $100,000 and up. The policyholder has the versatility to modify the premium amount, and a variety of riders can be integrated to customize the insurance coverage.

AccumUL Plus

Mutual of Omaha’s AccumUL Plus policy is developed to enable the policyholder to build up funds for future use (retirement income, education fund) while also delivering a death benefit for remaining loved ones. A variety of riders is provided to personalize the policy to meet the needs of the policyholder.

Guaranteed Universal Life Express

This a universal life policy structured to continue in force for a lifetime. The age group that is eligible for coverage is age 18 to 65. Available death benefits are $25,000 to $300,000 for ages 18 – 50 and $25,000 to $250,000 for ages 51 – 65. The underwriting is considered simplified and normally does not require an insurance medical exam. A variety of riders are provided to customize the policy.

Agency Review

We consider Mutual of Omaha Life Insurance Company to be a well-respected company throughout the marketplace and we are proud to represent them. Like any life insurers, there are both positive and negative aspects to consider.

 

  • Application Process- We rate the ease of application 4 out of 5 stars. The pros are the company offers electronic applications, they require the average number of forms, and have a faster than average approval period. The only negative we considered is that the policy is only deliverable by mail.
  • Customer Service – We found the customer service 4 out of 5 stars also. Although many customer service issues can be handled through the company’s web portal, some issues such as change of address, payment information changes, and updating beneficiary information cannot.
  • As for competitive rates, we’ve found Mutual of Omaha to be a very competitive insurer in almost every state if the insured in a non-smoker and in very good health.
For more information about Mutual of Omaha or any other insurance carrier we represent, please call our office at (888) 773-1181 for a free and confidential quote, or you can contact us through our website at your convenience.

Royal Neighbors of America Life Insurance

Royal Neighbors of America

Royal Neighbors of America Life Insurance Company uses a very distinctive view on offering life insurance solutions to its clients. The company is one of the handfuls of insurers out there that concentrate on sustaining the needs of their client, with regards to family and community, not only the choices that life insurance solutions offer.

Since before 120 years ago, women or children could never buy life insurance coverage, Royal Neighbors was one of the first insurance companies to correct that. In fact, their goal is centered on the preferences of women and their families, and the organization is operated principally by women.

Royal Neighbors of America is a fraternal association which signifies they are in business to accommodate the needs of their customers and not Wall Street. This not-for-profit company does not offer products and solutions to produce income to stockholders. Instead, they offer products to customers in order to furnish financial security and take part in the enhancement of the members’ communities.

Financial Overview of Royal Neighbors

Royal Neighbors of America benefits from operating on a solid platform with a surplus of $203 million. They further enjoy a premium to surplus rate of 21% that is more than twice the standard surplus of for-profit publicly owned life insurance companies.

Their latest solvency ratio is 1.26 that is also more than the industry standard and signifies that the organization can completely meet its debts and other obligations. The company is currently rated “A-“ Excellent by A.M. Best rating service for financial strength and capability to meet obligations to their certificate holders. You can review the company’s full annual report here.

Products Available from Royal Neighbors

  • Whole Life – Whole Life Insurance is for individuals who would like their insurance coverage to last a lifetime. The death benefit is fully guaranteed as long as the periodic payments are made by the policy holder. The month-to-month premium will never go up as you get older or develop health problems.

The insurance policy accumulates cash value that earns a fully guaranteed interest rate and can be withdrawn through policy loans from the insurance company. The Royal Neighbors Whole Life policy is offered with seven separate riders that can be utilized to expand the policy’s insurance coverage.

  • Youth Whole Life – The youth whole life solution was developed for parents and grandparents to be able to cover their children in the regrettable event they die unexpectedly. But this insurance product provides a benefit for the children as well. This is known as no exam life insurance since the company almost never requires a medical exam.

 

Since the insurance policy accumulates cash value and earns a guaranteed interest rate over time, the child will have a significant savings account that can be utilized for such things like college expenses, a car, or that treasured first home. By furnishing life insurance when a child is young, they can take over ownership at the least expensive rate when they come to be adults.

 

  • Universal Life – Universal Life Insurance, which is considered to be permanent life insurance, is comparable to term insurance but has a cash account linked to it that earns fully guaranteed interest from the insurance company. What tends to make this policy so popular is its flexibility.

We understand that life events can influence our insurance needs, so flexibility is particularly important. With universal life, the periodic payment and death benefit in the policy can be modified according to your needs. And, if the insurance company’s investment portfolio does better than expected, the insurance company will pay even more than the guaranteed interest for that period of exceptional performance.

 

  • Single Premium Whole Life – This insurance product was developed for individuals who want to make a lump-sum one-time investment to pay off their whole life policy. Since you are purchasing the life insurance policy at a lower price, the amount of your death benefit will be considerably more than the premium you have paid in.
  • Term Life Insurance – Term insurance coverage is the most inexpensive way to deal with debts, loss of income, college tuition, and monthly living expenses for all of your surviving loved ones. Even though term insurance is temporary (10, 15, 20, or 30 years) it can typically be converted throughout the policy period to a permanent policy like whole life insurance or universal life.

Term’s affordable price makes it the most appropriate way to insure the debt you will likely leave to your family and will enable them to maintain the household long after you are gone. Royal Neighbors’ term insurance policy is a no exam policy and in the majority of cases can be issued more quickly than whole life or universal life. The policy is available with six different riders to choose from, enabling you to design a life insurance solution that will satisfy your family’s needs.

The policy is especially popular with seniors because it can be bought up to age 85 in amounts of $5,000 to $25,000. It is a no exam life insurance product, so the policy is commonly issued within a few days.

Since it’s a whole life policy, it is fully guaranteed for the life of the insured person and cannot be canceled by the insurer as long as the periodic payment is paid. It accumulates cash value over time that earns guaranteed interest, and the cash can be conveniently accessed by using policy loans or a partial surrender.

Our Review

Pros:

  • The organization is headed by women with a vision to offer assorted financial products to its members and provide support to the members’ communities.
  • The organization functions on a really strong financial footing and delivers outstanding products and services. They continue to experience an “A-“Excellent rating and feature a solvency ratio that is a great deal higher than the industry standard.
  • The company provides added services for its members. When you invest in a policy, you will also be provided additional benefits such as health and wellness discounts, a scholarship plan, catastrophe aid, and professional and legal services.
  • The company has generously set up the Royal Neighbors Foundation whose mission is to empower women by offering free financial instruction that teaches best practices for helping you manage finances, decreasing debt, and planning for retirement.

Cons:

  • Although the company focuses on insurance for women and their families, they may not be the best insurance value for men.
  • The company takes a very conservative position in regards to underwriting and product selection.

 

You will always have a greater selection of insurance companies and products when you deal with an independent agent like Docktor’s Insurance rather than a company agent. We will always put your needs first, rather than the needs of the company. We encourage you to contact us through our website or call us during normal business hours at 888-773-1181.

Liberty Bankers Life Insurance

Liberty Bankers Life Insurance

The company that is now known as Liberty Bankers Life Insurance (LBL) started out as Royal Oak Life Insurance Company and was founded in 1958. It was sold several times throughout the years before becoming a part of Heritage Guarantee Holdings in 2004. At this point, the organization was then relocated to Oklahoma where the company found its product line growing in size significantly due to the performance of the management team. Liberty Bankers Life, as we know it today, split from the parent company in 2011 and is currently a part of Liberty Life Group Trust, a holding company based in Texas. The process of restructuring that also involved the issuance of $500 million in the annuity business, has led to the upgrade of the rating for the company to a B+ from AM Best. The outlook for this rating in the future is considered stable.

Services Offered

LBL boasts the presence of dual sales departments, being one of a small number of insurance companies to employ two divisions in this area. The first is an ordinary division that advises on and provides typical insurance products while gathering premiums through electronic and paper based means. LBL’s second division works as a home service, whereby products are sold directly by agents on a B2C level with the premiums collected individually from either the workplace or residence of the insured. The primary focus of LBL is that of insurance policies that cover final expenses for end of life debts and services such as funeral costs.

Ordinary Life Division Products

 Some of the products available from the Ordinary Life Division:

 

  • SIMPL (Simplifies Issue Market PermaLife) – A whole life insurance product that doesn’t require an exam, and with face amounts that reach as far as $30,000. The underwriting is completed by way of the application, as well as a MIB and an RX check. There are occasions in which a telephone interview may also be necessary, and the policy is open to 18-80-year-olds.

 

  • MWL (Modified Whole Life) – Applicants who are eligible for this product are ages 40-80. Underwriting requirements beyond the application itself are standard MIB and RX checks. There is a three year wait time on the policy and if the insured dies from natural causes a death benefit consisting of the total amount of premiums paid with an additional 10% extra. If death proves to be accidental, a full payout of the entire benefit will be made.

 

  • Group Flexible Life – Irrespective of health or age, this Universal Policy covers the entirety of a tribe or nation for life insurance.

 

  • Flex4Life – Available to 18-80-year-olds, this nonparticipatory whole life insurance policy guarantees a death benefit as well as a periodic premium and a cash value. There is also a juvenile version for ages 0-15. The highest death benefit without a medical examination totals $250,000, though higher limits are available after a urine/blood analysis

Home Service Division Products

 The Home Service Division sells life insurance products that include:

 

  • Simplified Issue Whole Life – A no exam required whole life policy, the rate of which is classified by the applicant’s lifestyle and any possible health issues. The face amount has a maximum of $15,000, and the policy is available to ages 66-80. It is also available in life pay to 65 (LP65) and a paid in 20 years (20PL) format.

 

  • Modified Whole Life – Aimed at the 40-80 market, this policy holds a three-year wait period upon which time the death benefit equals the premiums that have been paid to that point as well as an extra 10%. Once the policy reaches year four, the full benefit is paid in the event of death and over years five and six it increases by 105% and 110% respectively. This policy is aimed at those with significant health issues and is largely seen as a final expense product.

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Why Does No Exam Life Insurance Cost More

Someone who can, and does, prove that they are in good health is far less a risk to the provider of the insurance policy. It is reasonable; therefore, that those who do not wish to undertake a medical examination for whatever reason may well be expected to pay higher premiums in order to receive insurance payouts in the advent of their death. No exam life insurance is not for everyone, but for those who feel they’ll benefit from it, they’ll pay a little extra in premium because the insurer is accepting an unverified risk.

 

Should I Try a Fully Underwritten Policy First?

It’s certainly common that most people would have questions concerning which type of policy they should apply for. This is where your independent insurance agent can offer the best advice about which insurer to choose and which product offered will offer the best solution for your individual circumstance. Your agent is paid by the insurance company, so there is no cost to you, and since he or she is an independent that represents multiple insurance companies, your needs are always at the forefront, not the needs of the insurer.

 

Positives and Negatives of Liberty Bankers Life

Pros:

While the majority of companies don’t carry multiple No Exam Insurance products, Liberty Bankers Life offers several different types to its prospective client base. LBL also has a wide range of fully underwritten, competitively priced products available.

As an option for possible clients seeking whole life policies with guaranteed premiums that are unwilling to commit to blood tests or a medical examination, Liberty Bankers Life offers a SIMPL option.

Between the company generating assets of over a billion in the course of the last five years, as well as the strong B+ credit rating, there is no doubt that and premiums a customer is entitled too are sure to be paid.

Cons:

Liberty Bankers Life rates, while good, cannot always be considered the cheapest. As with many insurance companies, each case can be different and therefore hold different costs. The utilization of an agent, working independently of the various possible providers, is therefore advisable so you can compare multiple rates that are best fitted to your personal needs.

Life Insurance with Asthma

Life Insurance with Asthma

What You Need to Know About Life Insurance with Asthma

Consider all of the things you do in a day without thinking. The number of times you blink, swallow and breathe, seemingly effortlessly.

Now think about that last one, which is probably the one you take the most for granted. Every second of our lives, your lungs are playing a crucial part to your survival. Alveoli – or small sacks in the lining of your lungs – allow carbon dioxide and oxygen to move into your bloodstream and your lungs.

The intake of oxygen is essential to helping your organs and cells function properly. And all of this is happening without you even realizing it.

Your Lungs and Asthma

If you take an incredibly deep breath, then release the air in your lungs – yoga-style – you can almost feel the air circulating throughout your system. Now, if you take another deep breath and hold it for as long as you can, you’ll probably begin to experience a feeling akin to panic, along with tightness in your chest and throat.

The latter feeling is something that individuals with asthma struggle with regularly.

During an attack, the airways of the lung constrict, narrowing and swelling. In some instances, these airways can become clogged with mucus. The muscles around the obstructed airway also squeeze, which further increases breathing difficulties.

Asthma can be triggered by pollutants, emotional trauma, smoke, exercise or bronchial infections. Irritants, such as allergies, can also trigger asthmatic attacks.

Asthma is grouped into three categories:

–    Exercise-induced, which is caused by strenuous physical activity

–    Intrinsic asthma in which no allergen can be identified as a trigger

–    Extrinsic asthma, which is typically caused by an allergic reaction to a pollutant

Extrinsic asthma attacks can be incredibly severe, and those who suffer from these attacks are at risk for developing Chronic Obstructive Pulmonary Disease (COPD), or emphysema. The likelihood for developing COPD increases if the inflicted individual is a smoker or has had a history of tobacco use.

Although triggered by different external irritants, the symptoms of an asthma attack are relatively similar. An individual with asthma will begin to experience shortness of breath, followed by gasping, wheezing and coughing. The lack of airflow to the lungs causes panic, which further constricts the airways and reduces access to oxygen.

asthma life insuranceIf the attack is severe, the victim’s fingers or lips could begin to turn blue with oxygen reduction. If someone you know is experiencing this type of attack, call 911 immediately. An EpiPen can help reduce the swelling caused by allergens; however, most asthmatics use a bronchodilator as treatment.

A bronchodilator is an inhalant designed to widen the bronchioles and bronchi. The widening of these passageways increases oxygen flow to the airways. Oxygen therapy, as well as steroids and the cessation of smoking, are also effective treatment methods.

Before seeking treatment for your asthma, be sure to contact a medical professional.

Asthma Life Insurance

Living with asthma can be incredibly frightening, particularly not known how easily your next breath will come.

One problem that asthmatics face that others might not is the risk of having their life insurance premiums increase. It may also be difficult to find term life insurance with asthma.

Because the lungs are incredibly important to the way the body functions, any form of lung disease isn’t favorably looked upon by life insurance underwriters. Reasonably, you can expect your premium pricing to begin at “standard” risk rates if you are looking for asthma life insurance..

Even though your asthma may increase your risk and premiums, it is possible to find affordable life insurance coverage.

One option is guaranteed issue life insurance, which promises coverage for those whose risk is too great to be taken on by traditional life insurance companies. This type of coverage is typically recommended by those with only the most severe cases of asthma, so before purchasing this product give us a call today so that we can help you compare quotes.

If your asthma and your associated symptoms are mild to moderate, you may have to undergo a medically underwritten exam before being considered for life insurance coverage. No medical exam life insurance policies are also available.

If you are shopping for life insurance with asthma it is important to know that an underwriter will consider the following:

–    The frequency of your attacks.

–    The severity of your attacks and their symptoms.

–    How you are treating or managing your asthma attacks.

Frequency is ranked on a scale, from occasional attacks – which occur seasonally or less than six times annually – to frequent attacks, which occur more than six times annually.

An individual with frequent asthma attacks still has a shot at being rated favorably, if these attacks are mild, and a specific trigger has been identified. Some carriers are willing to take on the risks of an asthmatic applicant, and we know which companies have the best rates! This is because we know that underwriters use tables to rate these asthma attacks on a scale of mild, moderate or severe.

It is important to note that almost any asthmatic can be eligible for coverage, regardless of the frequency or severity of their symptoms. Typically, the premiums for these individuals will include a “flat extra,” which is an additional dollar amount tacked on to the premium.

The fact that we know your risk and how carriers will view your risk means that we will be able to help you find the right company for you, saving you money and time.

Companies like AIG, Banner Life, Mutual of Omaha and Transamerica all competitively underwrite asthma life insurance and might be good places to start your search for the best rates. If you are a non-tobacco user, your asthma is well controlled, and you occasionally use an inhaler, you may be eligible for an approval in the “Preferred” rate category.

No Medical Exam Life Insurance with Asthma

Sometimes the most affordable rates for those with asthma are difficult to find and there is one caveat to shopping for life insurance with asthma: remember when we said “almost” any applicant with asthma could find coverage? This is where asthma life insurance gets a little tricky.  The “almost” refers to any individual not considered a smoker.  If you smoke cigarettes or use tobacco products and are experiencing asthmatic symptoms – especially if these symptoms are classified as “frequent” and “severe” – you will be classified as uninsurable and will be declined for coverage. This is because life insurance and asthma underwriting look at smoking already as a high risk and, when combined with lung disease, the risk is too great for most insurers to take on.

If you are looking for life insurance with asthma, and are a smoker you might want to consider guaranteed acceptance life insurance. This type of insurance will guarantee coverage, no matter your high risk situation. These rates will be a little bit more expensive than other asthma life insurance premiums; however, if you are a smoker or your asthma is severe, guaranteed acceptance life insurance is the best route for you to choose.

The best companies offering guaranteed acceptance whole life insurance are AIG and Gerber Life Insurance with $25,000 being the maximum coverage amounts offered per company. Assurity Life and Mutual of Omaha also offer guaranteed acceptance Accidental Death Benefit Insurance with benefits up to $500,000.

On the other hand.. If you have a mild or moderate case of asthma and you do not smoke, your options are far greater. You can get up to $500,000 of life insurance with no medical exam required. The best companies are American National, Fidelity Life, Mutual of Omaha and Phoenix Life. Remember: not all carriers are created equal – especially no exam life insurance companies – so give us a call today so that we can help you choose the right carrier for you.

We Can Help

If you have asthma and are looking for affordable life insurance, you’ve come to the right place.

It is important to be as honest and truthful as you can on your application and with your agent. If you smoke and have asthma, you can still find coverage. By communicating your situation as candidly as you can, your agent will be able to paint an accurate picture of your risk to the insurer.

The more accurately and favorably your risk is presented, the easier it is to find affordable and adequate coverage.

Fill out an instant quote form or reach out today to see how we can help.

No Medical Exam Life Insurance for Type 2 Diabetics

life insurance for type 2 diabetics

Can You Help Me Find Affordable Life Insurance for Diabetics?

When you are hunting for type 2 diabetics life insurance online for yourself, or for a loved one, what questions need to be answered, fast? At Docktor’s Insurance, we give clear and direct answers about how to find affordable life insurance for diabetics  with ample coverage.

For someone like yourself, working alone can take time and a lot of extra effort to find affordable type 2 diabetics life insurance.  Why only use Google searches or make dozens of phone calls to insurance companies when Docktor’s Insurance does all the work for you.  We can save you many frustrating hours from repeating your answers over and over.

We know how to make the life insurance search painless, and get approval faster.  Our agency is independent, so we represent many life insurance companies in your state.

4 Tips for Preparing for Your Life Insurance Application

These four tips will help to get you approved at the best rating class possible.  By gathering this information in one place you can put yourself in the best position to win:

  1. Create a list with name, address, and phone number for each of your doctors: starting with the primary care physician, and other medical specialists such as the cardiologist, pulmonary, etc.
  2. Plan ahead and always request copies of each medical visit, all tests and follow-up reports for your personal files.
  3. Is your list of all medications and their dosages up-to-date?  Review the list and have a copy ready to discuss with Docktor’s Insurance
  4. Schedule for all regularly scheduled follow-up visits with your doctor to show you are taking charge of controlling your type 2 diabetes.

In a hurry, call us at 1-888-773-1181 x1

Otherwise just fill in your home zip code in the box to tell us where you live; then we get started.  We gather all the information about your state’s licensed life insurance for diabetics plans.  A pop-up instant quote form asks for your personal details; fill it out so we can contact you with real answers.  Zip code box is on the right.

The three most frequently asked questions about life insurance for type 2 diabetics are:

  1. Do I have to take a medical exam?
  2. Aren’t all underwriter requirements the same?
  3. Why do my medications to control the type 2 diabetes make a difference?

We know you need to have those answers now.  We are just a phone call away:  1-888-773-1181 x1

Type 2 Diabetics and No Medical Exam Life Insurance:  What Are My Choices?

Yes!  We offer term insurance with type 2 diabetics that will fit your budget.

For over ten years we’ve been the experts in helping our happy clients to find suitable type 2 diabetics life  insurance.  You may be feeling adrift right now; just remember that Docktor’s Insurance helps many others who are type 2 diabetics also feeling overwhelmed — facing unexpected medical expenses and the financial pressures on their loved ones.

Here’s the good news: If your diabetes is well-managed with physician monitored prescriptions, you don’t have to take a medical exam to qualify. These four companies offer the best term life insurance for type 2 diabetics:  Phoenix Life, 5 Star Life,  and American National. American National also provides the best guaranteed universal life product for diabetics.

term life insurance with type 2 diabetics

Phoenix Life Insurance Company

Phoenix Life is the most competitive for no exam policies, both term, and whole life insurance. We know their underwriting requirements to get approved promptly.  However, anyone diagnosed with type 2 diabetes under age 30, will be declined coverage.

Phoenix Life offers both term insurance and whole life insurance for diabetics:

Four term insurance lengths are available: 10, 15, 20 and 30 year

A full range of coverage is available based on your age:

Ages 18-50: $25,000 to $500,000

Ages 51-60: $25,000 to $400,000

Ages 61-70: $25,000 to $300,000

Ages 71-80: $25,000 to $150,000

Whole life insurance coverage amount is based on age:

Ages 30-59: $10,000 to $100,000

Ages 60-69: $10,000 to $75,000

Ages 70-80: $10,000 to $50,000

type 2 diabetic life insurance

5 Star Life Insurance

This company does not require a medical exam and does not ask any questions about diabetes. If you are between the ages 18 to 64, have not been declined life insurance coverage in the past, and you are not receiving disability income, 5 Star can approve you.

Coverage amounts available: $10,000 to $150,000

Term rates guaranteed to age 100.

American National Insurance Company – ANICO type 2 diabetics and no medical exam life insurance

American National offers the best guaranteed universal life with no exam for type 2 diabetics under age 65.

Term life insurance for diabetics is also available with the best rates based on two questions: how many years ago you were diagnosed with type 2 diabetes and your current level of control.

Well-managed type 2 diabetics from ages 50+ may receive Standard Plus rates on their permanent life insurance policies.

ANICO Term Insurance designs for individuals ages 0-65

Five options for term insurance: Annual Renewable Term, 10, 15, 20, & 30 year

Coverage amounts available: $50,000 to $250,000

Guaranteed Universal Life with coverage up to ages 95, 100, 105, and 121

Coverage amounts available: $25,000 to $250,000

The best life insurance for type 2 diabetics depends on your personal needs and a variety of final expense insurance options from these four companies. Each offers the best whole life policies with no medical exam required.

Assurity Life Insurancelifeinsurance

Assurity offers one of the least expensive options for final expense coverage. We recommend it for diabetics that were diagnosed more than 12 months ago, with no medical complications. The best is a level benefit policy; coverage starts immediately upon approval and premium payment. There is no waiting period.

For ages 0 – 65, coverage from $5,000 to $50,000 available.

For ages 66 to 80, Assurity offers a whole life insurance policy with a maximum coverage of $25,000.

mutual-of-omaha2

United of Omaha

Similar to Assurity Life, United of Omaha offers one of the least expensive final expense policies available. This policy is good life insurance for type 2 diabetics diagnosed after age 50, with no other medical complications. It is a level benefit policy with benefits beginning immediately after approval and premium payment. Coverage is available for individuals ages 45 to 85. The coverage amount is $5,000 to $40,000 with a whole life insurance policy.

Gerber Life Insurancelife insurance for diabetics

Gerber Life Insurance offers guaranteed issue whole life insurance to meet your needs for type 2 diabetics life insurance.  It accrues some cash value over time.

Gerber never asks medical questions.

Approval is automatic.

Docktor’s Insurance often recommends this company’s life insurance for type 2 diabetics, ages 50 to 80.  It offers a maximum coverage of $25,000.

Since Gerber Life Insurance Company is willing to take on greater health risks, the premiums may be higher than other policies.  There is a two- year waiting period before the policy fully covers death by illness.

Gerber does provide coverage for New York State residents.

This well-respected company certainly has earned itself a valuable place in estate planning for thousands of Americans.  Our clients who selected Gerber guaranteed issue life insurance found that some coverage was better to cover final expenses than no funds.

For a confidential telephone conversation with us gathering more details about final expense life insurance options to meet your personal life insurance for diabetics needs:

Call us now at  (888) 773-1181 x1

AIG, American Generalaffordable life insurance for diabetics

If you are considering Gerber Life Insurance, compare what AIG offers, a similar whole life insurance policy with more affordable rates for people ages 70+. Approval is guaranteed with no medical exam or other health questions. This policy includes individuals ages 80-85 on a guaranteed issue basis, where most companies stop at age 80.

Ages 50 to 85 are covered; AIG offers $5,000 to $25,000 in coverage.

If you cannot get approved for

life insurance from any other company

Gerber & AIG may be your last resort.

Comparing life insurance for type 2 diabetics is made easy with our help.

To get the best policy, please fill out your zip code box (on the right) to identify your state, and then complete the instant quote request form.

This list compiled by Docktor’s Insurance is not a ranking gathered from any professional association – each of these life insurance companies are well-known with reliable business histories, each has unique underwriting requirements and strengths.  Docktor’s Insurance happily recommends them to you as best life insurance for type 2 diabetics because they provide the lowest rates, including final expense life insurance coverage, to meet your current requirements.

At Docktor’s Insurance, we monitor the underwriting trends for the growing population of diabetics over the age of 60 and how life insurance evolves to serve them.  No medical examination policies are available for many different types of life insurance for type 2 diabetics.

Details are only a phone call away.  When Docktor’s Insurance provides you with a variety of options, you can immediately relax and enjoy your life knowing that you protected your loved ones.

Top Final Expense Life Insurance Companies

final expense life insurance

Quick Tips from Docktor’s Insurance

All of our quotes are customized for your needs. Fill out your zip code on the right, and then the instant quote form that pops-up. You will receive only life insurance quotes for final expense life insurance coverage. This page also has details for people who may not want to schedule a medical examination.

You only need less than 5 minutes to review this article — and you will then know everything a consumer should know about buying final expense life insurance.   Here’s what we’ll explain for you:

  • The Top 5 Final Expense Life Insurance Companies in America
  • How to qualify for term or whole life insurance
  • Where life insurance companies check with applicants like you
  • More tips about final expense life insurance

Why You Should Consider a Final Expense Life Insurance Policy

When you’re looking for life insurance coverage fast — without the hassle from waiting to be scheduled for a medical exam or the delays in accessing your medical records, then final expense life insurance quotes may be right for you.  Just remember that you’ll be paying a little more for this convenience. Reasonably good health can make a big difference – and Docktor’s Insurance knows how to handle every unique situation – and find the BEST RATES for the MAXIMUM COVERAGE.

We understand why you need a final expense policy as quickly issued as possible:

  • You’re concerned about your loved ones because some very near & dear to you died recently.
  • You want to protect a co-signer on a loan, or
  • You’re aging but are still planning to travel, maybe overseas, very soon.
  • You consider yourself to be reasonably healthy, but you haven’t seen your doctor in almost two years.

We frequently suggest final expense life insurance companies that do NOT require a medical exam in those situations.  Known as burial policies, we are fully informed where there’s a lot of leniency in underwriting.

And you may never know what your next annual check-up will uncover.  Even the most common symptoms like an elevated cholesterol A1C level or a difference in blood pressure can increase your premiums beyond the underwriting norms for a no medical exam policy.

At Docktor’s Insurance, our licensed agents know that your individual situation must be very carefully evaluated. There are different underwriting guidelines for final expense life insurance companies, and we keep track of those differences.

Let’s start with a list of The TOP 5 among all of the best life insurance companies who require No Medical Exams.  Our agents know about several companies who provide life insurance for diabetics with no medical exam, if that’s something we will need to consider.  Know that all conversations are confidential; feel relaxed to discuss any of your medical conditions openly.

Please note that Docktor’s Insurance uses an Instant Quote method that can’t quote all 856 of the American companies; some life insurance companies don’t allow it.  But those who will allow us to provide you with an instant quote are numerous, more than enough to provide you with good coverage and valid financial cost comparisons.

To have a Docktor’s Insurance agent compare final expenses insurance for your requirements, please take two minutes NOW to fill out our zip-code form on the right (so we select the correct state-approved life insurance companies) and then complete the quote request form, or you can call us for free quotes over the phone:

CALL US AT (888) 773-1181 x1

BEST FINAL EXPENSE LIFE INSURANCE

COVERAGE FOR ALL THOSE LEFT-BEHIND BILLS

The Top 5 Final Expense Life Insurance Companies

#1: American Continental Insurance Company – AetnaAmerican Continental Insurance

American Continental Insurance Company enjoys an “A Excellent” rating from A.M. Best Rating Services which was assigned in June of 2016. The company’s outlook is considered “Stable” which indicates the company will have no issues meeting future financial and operational obligations.

Their life insurance policies have been carefully crafted to meet specific needs like yours, Final Expense Life Insurance:

 

Aetna will APPROVE individuals that most other companies decline.

Most applications to Aetna are approved within minutes after we submit them.  If you have been declined by other final expense life insurance companies, Docktor’s Insurance can evaluate your personal situation and we may suggest that you give Aetna a try for your coverage.

Available Products

The company currently offers three types of whole life insurance for prospective clients. They offer a Level Benefit Plan for applicants that have minor health conditions, a Graded Benefit Plan for applicants with more severe health conditions and a Modified Benefit Plan for those applicants who do not medically qualify for the Level and Graded plans.

Level Benefit Plan

  • Eligible issue ages are 45 – 89 based on last birthday
  • Minimum death benefit: $3,000
  • Maximum death benefit: $35,000
  • Death benefit is available from the first day covered

Graded Benefit Plan

  • Eligible issue ages are 45 – 80 based on age last birthday
  • Minimum death benefit: $3,000
  • Maximum death benefit: $35,000
  • Death Benefit is effective first day if death results from an accident
  • Non-accidental death

1st Policy year: 40% of the death benefit

2nd Policy year: 75% of the death benefit

3rd Policy year and later: 100% of the death benefit

Modified Benefit Plan

  • Eligible issue ages are 45 – 75 based on age last birthday
  • Minimum death benefit: $3,000
  • Maximum death benefit: $35,000
  • Death Benefit is effective first day if death results from an accident
  • Non-accidental death

1st and 2nd Policy year: 110% of premiums paid

3rd Policy year and later: 100% of the death benefit

For more information about America Continental Life Insurance or any of the many other insurance carriers we represent, call the insurance professionals at Docktor’s Insurance at  (888) 773-1181

mutual of omaha final expense life insurance

#2:  Mutual of Omaha

Available for people between 45 and 85 years of age, there is life insurance with no medical exam where you can call us NOW to apply over the phone and then sign via email, electronically.

Individuals under age 85 can purchase United of Omaha final expense whole life insurance up to a maximum of $40,000.  These policies usually take 2 weeks for approval by underwriting. Once approved, the rates and coverage amount are guaranteed to be fixed during your lifetime.

The policy benefits begin immediately for both illness and accident coverage.  Mutual of Omaha, the parent company for United of Omaha, is usually our selection for the best priced Final Expense policy for healthy individuals.

Living Promise Level Benefit Plan is issued for ages 45 up to 85, with $2,000-$40,000 coverage available.

To be approved, applicants must answer “No” to all the health questions asked.  Applicants must be within the standard Medical Build chart; for example, someone 5′-6” must weigh less than 268 pounds.

There is also the requirement to pass the MIB and Pharmaceutical verifications, and random phone interview by a company underwriter.

final expense whole life insurance

#3: Gerber Life Insurance

Gerber Life Insurance offers Guaranteed Issue Life Insurance.

No medical questions are asked and you can not be denied APPROVAL

This policy is often recommended by Docktor’s Insurance for individuals, age 50 up to age 80, with severe medical conditions.  If you – or a loved one or friend – is coping with pain and worried about covering their expenses, call us – we can help.

This Gerber policy is final expense whole life insurance where cash value is accrued over time, and no medical exam is EVER required.  It offers a maximum of $25,000 of coverage.

Since Gerber as a final expense life insurance company is willing to take on greater health risks, the premiums are higher and you will have a two- year waiting period before the policy will completely cover death by illness.

Gerber does provide coverage for New York state residents, which most guaranteed issue life insurance carriers back away from offering.

Gerber may be your last resort if you are unable to get life insurance from any other company.

However, this well-respected company certainly has proven itself to provide a valuable place in estate planning for thousands of Americans.

You may be feeling adrift right now; others that Docktor’s Insurance have helped also felt overwhelmed — facing large medical expenses and the financial pressures on their loved ones.  When they were covered by Gerber Guaranteed Issue Life Insurance, they found that some coverage for those debts was better than leaving behind nothing at all to cover final expenses.

For a confidential telephone application with MORE details about final expense insurance to meet your personal needs,

CALL US AT (888) 773-1181 x1

final expense life insurance

#4: Assurity Life Insurance

Assurity Life Insurance final expense – “Simplified Issue”

For ages 66 to 80, Assurity offers a Simplified Issue Whole Life Insurance Policy offers a maximum coverage of $25,000.

Simplified Level Benefit Whole Life is issued from Ages 0 (new-born infant) up to age 80.  Coverage varies by age:

  • $10,000-$50,000 coverage available for ages 0-19
  • $5,000-$50,000 coverage available for ages 20-65
  • $5,000-$25,000 coverage available for ages 66-80

To be approved by Assurity, applicants must honestly answer “No” to all the health questions asked by your Docktor’s Insurance agent.  Applicants must be within the medical build chart range; namely, someone 5′-6” tall must weigh between 101 and 278 pounds.

There are also three additional requirements:  pass the MIB, the Pharmaceutical Records report and a random phone interview with an Assurity representative.

These are popular for final expenses insurance used to pay off credit cards, any co-signed student loan debts or automobile purchases, medical bills plus other emergency expenses.

Most people buy final expense life insurance to cover burial expenses, currently as much as $12,000 – or Cremation & Internment costs, up to $2,000

You can complete an Assurity phone application with Docktor’s Insurance or get a paper application through the mail.  A decision will be made within 14 days or less after being submitted to the Assurity Underwriters.

For Assurity No Medical Exam Life Insurance quotes, please fill out our zip-code request form (on the right) or call Docktor’s Insurance for more details at (888) 773-1181.

Senior Term Life Insurance

#5:  Fidelity Life Insurance

Fidelity Life Insurance offers one of the best final expense insurance policies with a decision within 48 hours!  You are required to complete the application over the phone with a licensed agent who will explain all of your options. Fidelity Life offers the most lenient underwriting available for individuals age 50 to age 85.

Medical conditions that are normally declined by other final expense insurance companies are approved by Fidelity Life.

Senior Term Life Insurance Issue Limits:

10 Year Term
Issue Age / Face Amounts
50-55 / $10,000 – $150,000
56-65 / $10,000 – $100,000
66-70 / $10,000 – $50,000

20 Year Term
Issue Age / Face Amounts
50-55 / $10,000 – $150,000
56-65 / $10,000 – $100,000

30 Year Term
Issue Age / Face Amounts
50-55 / $10,000 – $150,000
56-60 / $10,000 – $100,000

Senior Whole Life Insurance Issue Limits:

Issue Age / Face Amounts
50-55 / $10,000 – $150,000
56-65 / $10,000 – $100,000
66-75 / $10,000 – $50,000
76-85 / $10,000 – $25,000

Only accidental death coverage is provided during the first 3 years; with year 4 you will have full coverage.  Your insurance agent can explain these in detail.  You will quickly know if you meet the Fidelity Life underwriting requirements for final expense insurance coverage: If you can have some health issues, you may still qualify with Fidelity Life.

#6: Royal Neighbors of AmericaRoyal Neighbors of America

Royal Neighbors of America offers Simplified Issue Whole Life (SIWL)

Typically used for final expenses like funeral and burial costs and other end-of-life costs that the individual does not want to leave for surviving loved ones, the SIWL insurance product is designed especially for women,

SIWL is popular with seniors because it can be purchased up to age 85 in face amounts from $5,000 to $25,000.

Simplified Issue Whole Life is a no exam life product that is commonly underwritten and issued in a matter of days rather than weeks.

The policy is fully guaranteed for the lifetime of the named insured and cannot be canceled by the company as long as the periodic premium is paid. The policy will accumulate cash value over time what will earn a guaranteed interest rate that is stated in the policy. This accumulated cash value can be accessed through policy loans or by surrendering the policy.

Royal Neighbors of America is a fraternal organization that was organized to benefit the members of the communities where members (policyholders) reside.

For a confidential telephone application with MORE details about final expense insurance to meet your personal needs,

CALL US AT (888) 773-1181 x1

#7: Liberty Bankers Life Insurance (LBL)

Liberty Bankers Life final expense insurance – “Simplified Issue Market PermaLife” SIMPL

The LBL final expense insurance policy was designed to enable policyholders to designate a death benefit that would cover various final expenses left by the policyholder to surviving loved ones and friends.

It is a Whole Life Insurance policy that does not require the applicant to undergo a medical exam and can be issued in a simple fashion and very quickly.

Underwriting is made up of the application, Medical Information Bureau Report, and an RX report provided from a third party, however, a telephone interview with an underwriter may be required and is considered on a case-by-case basis.

Eligible issue ages range from 18 to 80 years-old and available death benefits range from $5,000 to $30,000.

Liberty Bankers Life also offers a Modified Whole Life (MWL) policy for applicants with health conditions that prevent them from qualifying for SIMPL product. The MWL is also a whole life insurance policy but contains a three-year waiting period before the full death benefit is paid out due to death from natural causes.

Interested applicants can complete an LBL application over the phone with Docktor’s Insurance or get a paper application through the mail.

For Liberty Bankers Life No Medical Exam Life Insurance quotes, please fill out our zip-code request form (on the right) or call Docktor’s Insurance for more details at (888) 773-1181.

#8: American-Amicable Life Insurance CompanyAmerican Amicable Life Insurance

In an attempt to provide solid life insurance solutions for a vast group of applicants, American-Amicable offers four types of insurance products for prospective customers to consider:

Ordinary Whole Life Insurance

 The ordinary whole life product is considered the perfect solution for prospective customers needing final expense insurance.

Since the policy is built on the whole life insurance foundation, it is a guaranteed insurance solution that provides coverage for a lifetime as long as the periodic premium is paid.

The policy can only be canceled for non-payment, the periodic premiums cannot be increased by the insurance company, and the policy builds cash value that can be accessed through policy loans or surrender.

  • Issue ages are 0 to 85 but can vary in some states.
  • The maximum death benefit is based on the health and age of the applicant.
  • An accelerated death benefit rider is available at no additional charge.
  • There is no requirement for a medical exam or blood work.

Simplified Issue Term

The simplified issue term product is a great choice for covering every life insurance need. The applicant can choose from several different term periods, and the available death benefit ranges from $25,000 to $250,000. Other highlights of Simplified Issue Term include:

  • Return of Premium option available.
  • Convertible to permanent insurance like whole life or universal life without proof of insurability.

Universal Life Insurance

 American-Amicable provides universal life insurance on a non-medical and fully underwritten basis. It is an affordable solution for getting flexible insurance coverage with limits sufficient to protect your family.

The non-medical selection allows the insured to purchase coverage for up to $250,000 without having to undergo a medical exam or blood and urine testing. When minimum premiums are paid, the policy is guaranteed not to lapse for 15 years.

The fully underwritten selection typically requires a medical exam along with a blood test but can provide a death benefit with no maximum amount. Like all universal life policies, this selection accumulates substantial cash value over time which can be accessed through policy loans or partial surrenders. There is a no-lapse guarantee as long as the minimum premium amount is paid.

Modified Life Insurance

The modified life insurance solution is available for applicants who because of health conditions, will not qualify for any other life insurance coverage. Options available include:

  • Premiums to age 100
  • Guaranteed cash value
  • Guaranteed death benefit
  • Accelerated death benefit rider
  • Policy loans
  • Other optional riders available

American-Amicable Life Insurance Company provides solid solutions for a variety of insurance needs and backs up their products with outstanding customer service to agents and policyholders.

CALL US AT (888) 773-1181 x1

#9: Phoenix Life Insurance Company

Phoenix Life Insurance Company has been in the business of offering insurance coverage to its clients since the mid-1850s. The organization was founded in 1851, as the Phoenix Companies, Inc. and was originally established to offer life insurance to consumers who abstained from drinking alcohol in any form.

At present, the principal products that are provided by Phoenix Life are life insurance products and annuities. Their products are offered through trained financial advisors and insurance professionals throughout the United States, as well as through the company’s distribution subsidiary, Saybrus Partners.

Safe Harbor Term and Safe Harbor Term Express

Coverage

  • Lump sum death benefit paid to policy beneficiary(ies)
  • Term periods and issue ages (last birthday):

– 10 year:  Ages 18-80

–   15 year:   Ages 18-70

–   20 year: Ages 18-65

–   30 year: Ages 18-55 (non-tobacco) -Ages 18-50 (tobacco)

Underwriting

Phoenix Safe Harbor Term Life Express

  • Simplified issue underwriting: no paramedical exam or Attending Physician Statement (APS);
  • Non-Tobacco and Tobacco risk classes (standard through table 4)

Phoenix Safe Harbor Term Life (non-Express)

  • Non-medical underwriting: no paramedical exam; APS in certain cases
  • Standard Non-Tobacco and Tobacco risk classes

•  Substandard ratings are available

Whole Life Insurance

For consumers who prefer lifetime and guaranteed life insurance coverage, Phoenix Life offers it’s simplified-issue whole life policy that have living benefits and several rider options that allow for policy customization.

Life Insurance Coverage

  • Lump-sum Death Benefit
  • Coverage extends for the insured’s lifetime, beyond age 121

Riders Included

  • Accelerated Benefit Riders – option to accelerate a portion of the death benefit in the event of a serious illness:
  • Critical Illness  –  Terminal Illness
  • Accidental Death Benefit Rider

Simplified Underwriting

  • Non-Tobacco (Preferred) / Tobacco (Standard) risk classes

For more information about Phoenix Life Insurance Company or any other insurers we represent, call the insurance professionals at Docktor’s Insurance at (888) 773-1181

#10: Foresters Life Insuranceforesters life insurance

Foresters is different from any other organization you can purchase your life insurance from, at least in the United States. Founded way back in 1834, they have a historical starting point dating back perhaps further than any other life insurer.

The company was initially the Ancient Order of Foresters prior to it being named the Independent Order of Foresters in the United States in 1874, and now just goes by Foresters. As a fraternal benefit society, Foresters initially existed as a group of mutual participants who exclusively brought themselves together for security, aid, and development. The organization now does business in the United States, Canada, and the United Kingdom.

Final Expense Products

PlanRight Whole Life Insurance

Most likely one of the most preferred life insurance products provided by Foresters Life Insurance is the company’s final expense insurance policy: PlanRight Whole Life Insurance. This insurance is a whole life policy that lasts a lifetime and has a fully guaranteed level premium. It has a cheaper premium than many other final expense policies. This product is one of the best final expense insurance policies on the market.

The insurance comes in three types: Fixed, graded, and modified.

  • Fixed Benefit: the death benefit is 100% of the face amount from the beginning.
  • Graded Benefit: there is a limited death benefit the first two policy years. You will receive the greater of the sum of the total premium paid accumulated with 4.5% interest or 30% of the face amount in effect for the first year and 70% in the second year. After the first two years, the death benefit is 100%.
  • Modified: the policy pays the beneficiary a limited death benefit the first two years based on a return of premium plus 10%. After the first two years, the death benefit is 100%. This type of modified death benefit is normally associated with burial insurance policies.

Your Term Non-Medical

 Introduced in April of 2017, Your Term is a non-medical level term policy with some attractive features that include:

  • A term selection of 10, 15, 20, 25, and 30-year policy terms
  • Issue ages of 18 to 80 years of age
  • Face amounts (death benefit) up to $400,000
  • Term conversion privilege
  • Accelerated death benefit rider included
  • Additional death benefit for death resulting from a common carrier accident

Foresters also offers a Charity Benefit Provision that allows for 1% of the face amount of the member’s policy to be paid to a designated charity at no additional cost.

CALL US AT (888) 773-1181 x1

#11: AARP Final Expense Life InsuranceNew York Life

Undoubtedly, while being a supporter of seniors and retirees, AARP is going to make certain they provide no exam life insurance, and New York Life is the insurance product they advocate to their members.

While conventional fully underwritten insurance coverage will be the most budget friendly insurance for those members looking to cover their final expenses, debt, and loss of income, final expense policies continue to be very popular because of the effortlessness in buying. Not having to deal with insurance medical exams and blood testing is a priority for many seniors along with obtaining a policy that is issued quickly and inexpensively. AARP (New York Life) provides several insurance policy types to pick from.

AARP Level Benefit Term Insurance

The Level Benefit Term policy is considered temporary life insurance that provides coverage for individuals up to age 80. It is provided with a low-cost premium that goes up every five years until you become age 80. Individuals eligible for coverage are age 45 and older, and available death benefits are $10,000 to $100,000.

Since this insurance is marketed principally to seniors, there is no medical exam needed and only a handful of medical questions on the application. While being supported by one of the biggest insurers in the world is a very good thing, just a little bit of browsing shows the rates are a little pricey.

AARP Permanent Life Insurance

The permanent life insurance promoted by AARP is whole life insurance that remains in force for a lifetime, offers a guaranteed premium, and accumulates cash value that the policyholder can have access to through policy loans that are not required to be repaid. Any outstanding loan balance will be subtracted from the death benefit that will be paid to your designated beneficiary.

Face amounts for the Permanent Life Insurance are from $5,000 to $50,000. Just like with their term policy mentioned above, there is absolutely no medical exam required, and the insurance application contains only a handful of health questions.

Guaranteed Acceptance Life Insurance

This is AARP’s (New York Life) style of final expense insurance. It is available in benefits levels of $2,500 up to $15,000. Because this is guaranteed issue life insurance, there is a two-year waiting period before the insurance company will pay out the whole death benefit for death from natural causes. In many cases, if the policyholder dies from natural causes during the waiting period, the insurer will pay a death benefit equivalent to the sum of premiums paid into the policy. If the death is the result of an accident, however, the insurer will pay the full death benefit from the first day of coverage.

CALL US AT (888) 773-1181 x1 for more information

#12: Colonial Penn Guaranteed Acceptance Whole Life Insuranceguaranteed acceptance whole life

Colonial Penn Insurance Company is located in the state of Pennsylvania and has been providing quality life insurance products to the American people for over 50 years. The quality of the products they offer has afforded them with an A- rating by the insurance rating company known as  A.M. Best rating services.

About Guaranteed Acceptance Whole Life Insurance

  • Insuring Ages – Insurance policies are available for all ages. Ages 50 to 85 are the primary market. Renewable term insurance can be purchased for any person above age 18.
  • Guaranteed Benefit – Upon policy issue, your life insurance policy is guaranteed for life so long as your premium is paid.
  • Guaranteed Premium – After issuing your policy, your premium will never increase for any reason, including your health or age.
  • Non-Cancelable – Once issued, as long as your premium is paid on time, your policy can never be canceled unless you decide to do so.
  • Payment Options – Colonial Penn accepts payment on an annual, semi-annual, quarterly, and monthly basis.
  • Available Coverage – Colonial Penn insures each policy by units that are used to determine the face amount of the policy. The units allocated represent a dollar amount based on your age, and your age dictates the amount of coverage you may have.

For more information about final expense insurance and whether guaranteed issue life is a suitable solution for you, CALL US AT (888) 773-1181 x1 for more information.

#13: AIG Guaranteed Issue Whole Life  AIG guaranteed issue whole life insurance

AIG stands out among the top high-risk insurers and is considered an excellent resource for applicants who may be dealing with medical issues that will normally result in unfavorable insurance rates. They are considered most competitive for applicants dealing with diabetes, heart disease, and sleep apnea. The company also takes a very liberal stance when rating for medical and recreational marijuana use.

AIG’s Guaranteed Issue Whole Life product has become a very popular final expense product for independent agents across the country. Guaranteed Issue Whole Life (GIWL) is designed to offer senior clients the comfort and peace of mind of covering the costs of final expenses for just two or three dollars a day.  With available face amounts of up to $25,000 and issue ages up to 85 years-old, this product fits especially well in the final expense marketplace.

Guaranteed Issue Whole Life Product Highlights

Guaranteed Issue

  •  Face amounts from $5,000 to $25,000
  • Issue ages from 50 to 85 years-old (age last birthday)
  • No medical exams, lab tests or health questions on the application
  • Applicants will not be declined for health reasons

Fast Application Processing

  •  Most applications are processed in 15 minutes or less
  • The company will accept payments via ACH, SS Debit Card, or Credit Card
  • Applicant can set delayed billing to preferable date

Chronic Illness Benefit Included

  •  Upon diagnosis of a qualified illness, the company will return premiums of up to 50% of the face amount to the insured
  • No waiting period for the benefit
  • No additional premium charged

Terminal Illness Benefit

  • The company will pay 50% of the death benefit for terminal illnesses expected to result in death of the insured within 24 months
  • No additional premium charged

Graded Death Benefit

  •  Death from natural causes during year 1 and 2 – 110% of all premiums paid
  • Death from natural causes in year 3 or later – Full face amount of the policy
  • Death resulting from accidental causes – Full face amount from the first day
  • Death resulting from suicide – All premiums returned to the beneficiary

Compare Final Expenses Life Insurance for your requirements

Compare one or more of these final expense life insurance companies with your insurance agent.  Just fill out the zip code box (on the right) to identify your state, and then complete your contact details in the quote request form.

This list of the Top 5 Final Expense Life Insurance companies is not a ranking gathered from any professional association – each of these five life insurance companies are well-known and have solid business histories, each with their own strengths.  Docktor’s Insurance is happy to recommend them to you as life insurance companies that will provide the lowest rates, especially for Final Expense Life Insurance coverage, designed to meet your current requirements.

Other life insurance companies that we represent offer a variety of No-Medical-Exam Term and Whole / Universal Life Insurance coverage include:

  • ANICO – American National Insurance Company
  • Phoenix Life Insurance Company
  • Sagicor Life Insurance Company
  • SBLI – The Savings Bank Life Insurance Company of Massachusetts

In some instances, we might recommend one of these popular American companies because we know how each company may look at your risks differently.  Each of them has their underwriting strengths and weaknesses.

All choices provided by Docktor’s Insurance will depend on your situation, your budget and starting with the state where you live.

To have a Docktor’s Insurance agent compare final expenses insurance for your requirements, please take two minutes NOW to fill out our zip-code form on the right (so we select the correct state-approved life insurance companies) and then complete the quote request form, or you can call us for free quotes over the phone:

CALL US AT (888) 773-1181 x1

Guaranteed Issue Life Insurance

Guaranteed Issue Life Insurance quotes

What You Need to Know About Guaranteed Issue Life Insurance

Life insurance has many benefits that most people may want to take advantage of. For example, life insurance benefits may be used to pay off a mortgage, credit card debt, medical expenses and supplement lost wages from the deceased.

However, before new coverage from a life insurance policy may go into effect, the applicant may need to pass a physical exam or underwriting. Many who have an existing health condition may not qualify for the coverage they need. However, the unfortunate reality is that these individuals who do not qualify for coverage may be the ones who have a stronger need for it.

guaranteed issue life insurance policy

Coverage Without a Medical Exam

Some who have already been denied coverage may feel frustrated and stressed out, but there may be hope available through a guaranteed issue policy. Unlike other types of life insurance, a guaranteed issue life insurance policy is one that does not have a medical exam requirement. In fact, most of these insurance plans also do not require the applicant to fill out a lengthy medical or health history questionnaire. Because of this, many who have an underlying or pre-existing medical condition may qualify for coverage.

The Benefits of Guaranteed Life Coverage

The most obvious benefit associated with guaranteed life insurance plans is that many who do not qualify for other types of life insurance coverage may be able to obtain the coverage they need.

However, there are also other reasons why some people may not qualify for other types of life insurance plans. This may include their age or participating in dangerous hobbies or work activities. With a guaranteed issue life insurance plan, these individuals may be able to obtain the life coverage they need.

In addition, some may feel overwhelmed by the process of completing a medical exam and answering dozens or more questions about their health history, and a guaranteed policy may be ideal for them as well. Some may have a fear of needles or doctors in general, and avoiding a physical exam may be highly preferred.

When Applying for Guaranteed Life Coverage

When you apply for other types of life insurance, you may be asked numerous medical questions that will help an underwriter to determine your risk and estimate your longevity.

When you apply for Guaranteed Issue Life Insurance, you may be asked a few questions, but there are no medical or health-related questions asked with this type of coverage. This makes the qualification process easier, and it can also save you time and hassle when applying for coverage.

What You Need to Know About Guaranteed Life Coverage

While the main difference between guaranteed coverage and other types of life insurance relate to the absence of a medical exam and greater leniency with regards to health status and pre-existing conditions, there are other differences. For example, because guaranteed insurance does not have a medical exam requirement and related underwriting, these policies will generally have a higher premium than other options. In addition, the amount of coverage that you could purchase may be limited. Commonly, the coverage available may range from $10,000 to $25,000.

In addition, many insurance companies will have a graded benefits clause in these policies. The graded benefits period may commonly last for approximately 24 months, and this means that if you pass away during the first 24 months of the policy, your beneficiaries may only receive the premium that has been paid in plus 10% interest. This is true unless the death is accidental, in which case 100% of the coverage amount is available on the first day.

guaranteed insurance policy

What This Means for You

With the increased premium associated with a guaranteed life policy as well as the various other limitations and requirements, many people will find that it is more advantageous to purchase a medically-underwritten policy if possible. Some may even find that it is best to first apply for a medically-underwritten policy even if they believe that they may not qualify. Some may be surprised to learn that they will qualify for the coverage.

If you are denied coverage on a medically-underwritten policy, you can always then apply for guaranteed coverage. In addition, keep in mind that insurance companies have different requirements and guidelines. While one insurance company may deny you coverage with a medically-underwritten policy, another one may not. Therefore, it is a good idea to apply for coverage through several different companies before considering a guaranteed insurance policy.

When You Are Ready to Explore Your Options

If you are thinking about purchasing a new life insurance policy, you may be wondering what steps you need to take to obtain the coverage you need.

You may not want to subject yourself to the time and effort of enduring multiple medical exams if this is not necessary or beneficial. A smart idea is to be candid with different insurance agents about your health status. Many are well-aware of the different underlying medical conditions that their underwriters are comfortable with as well as those underlying medical conditions that may yield an automatic decline.

Some issues may arise in the medical exam that may also result in a denial, but if you discuss an underlying health condition with the insurance agent up-front, you may be able to avoid having an exam unnecessarily. Exploring the options and being honest about your health status up-front may be truly beneficial to you.

The decision to purchase life insurance is an important one to make, but this is only the first step in the process of obtaining the coverage you need. Please complete our online form to begin the quote process, and a licensed agent will contact you to help determine your eligibility and provide quotes from several companies. You can get your questions answered and learn more about your likelihood for getting approved for a medically-underwritten life insurance policy.

You can take the first step today by requesting a quote on our online form. We look forward to helping you! 1-888-773-1181

The Truth About No Medical Exam Life Insurance

No Medical Exam Life Insurance

no medical exam life insuranceLife insurance companies base your rates on several factors including length of term, coverage level and your health. No medical exam life insurance is offered as a convenience for those people who don’t have the time or inclination to sit through an exam, also for certain individuals with medical conditions that may be uninsurable through traditional policies. However, there are many misconceptions regarding these policies. Before you decide if these plans are right for you, it’s important to understand some basic facts about them.

Key Differences

There are a few key differences between no medical exam life insurance and traditional policies (exam required and cover all causes of death). If you choose a policy that does not require an exam, there are coverage limits of $1,000,000 for term and universal life insurance and $100,000 for a whole life policy. However, you can get up to 30-times your income level if you choose a traditional policy. In addition, traditional policies offer many types like guaranteed universal life, indexed universal life, universal life with long-term care riders, whole life insurance with high face amounts, and many other options.

no medical exam life insuranceThe Benefits of No Medical Exam Life Insurance Policies

Many consumers are surprised to learn that no medical exam life insurance coverage is available. A benefit of getting a no medical exam policy is that you will pay rates close to a traditional policy with minimal effort required. Life Insurance companies make their decisions based on your medical records and a telephone interview. If you meet the requirements of the no medical exam policy, you can be approved for term life insurance in as little as 48 hours.

There are other no medical exam policies that are called Graded Death Benefit. Graded Death Benefit policies have both term and whole life versions. Each Graded Death Benefit policy does not require a medical exam, and is perfect for individuals that may have certain medical conditions or have been declined life insurance in the past.

Answer Honestly

Technology is a marvelous thing, and technology is what makes it easy for insurance companies to offer no medical exam life insurance policies. You will provide basic information on the application, and you will also give the insurer permission to review your medical history. They will take the time to verify your medical information to confirm that the information you provided is accurate and thorough.

No medical exam life insurance policies are convenient for consumers, and they also help the companies save money. With technology available to check medical records, there is no reason for insurers to pay for a private nurse to come to perform a health exam on certain policies. As with all policies, the rates do increase with age, so it’s important to make the investment as soon as possible.

It’s also important to remember that you will have to submit to a medical exam if you want life insurance with a face amount of $1,000,001 or higher, or would like enhanced features that guaranteed universal life, indexed universal life,  whole life insurance and other policy types provide.

If you are interested in quotes for a no medical exam life insurance policy, please contact Josh Docktor, an Independent Insurance Agent with Docktor’s Insurance at 1-888-773-1181

How to Qualify for Term or Whole Life Insurance Without a Medical Exam

Think of “No-Medical-Exam” Life Insurance like an umbrella.  Under that umbrella, you have four types of Life Insurance:  Guaranteed Issue Life Insurance, Graded Death Benefit Life Insurance, Simplified Issue life insurance and Final Expense Life Insurance (which we’ve already explained above).

Here are the details about each of the other three “No Medical Exam” policy types:

Guaranteed Issue Life Insurance never asks you health questions.  If you fit within the age guidelines, everyone qualifies.. but there can be a waiting period for full coverage of benefits.

Graded Death Benefit Life Insurance has the same characteristics as “Guaranteed Issue” life insurance, except it does ask some medical questions.  It is typically less expensive than Guaranteed Issue.

Simplified Issue Term Life Insurance is coverage for a specific number of years, without requiring any medical examination.  However they typically always check the three legal reporting services about your history:  Medical Insurance Bureau (MIB), Pharmacy and Motor Vehicle.  Coverage is immediate if you qualify, and the maximum amount available is $1,000,000.

Final Expense Life Insurance, as discussed above, is usually smaller coverage using a Whole Life Insurance Policy (from $5,000 up to $25,000 are the most typical amounts).

You have to qualify by answering health questions to get immediate coverage.

For the lowest cost term life insurance policies with no medical exam required you  have to be healthy.

Docktor’s Insurance can obtain coverage for several medical conditions where you are closely monitored by your medical doctor, and are considered to have chronic diseases “Under Control” with medications.  There are several life insurance companies offering No Medical Exam policies that address these conditions:

  • Controlled diabetics,
  • Controlled high blood pressure,
  • Controlled cholesterol,
  • Mild asthma
  • And several other minor but chronic health issues.

However, those with moderate health issues may still qualify when reviewed by Docktor’s Insurance, on a case by case basis.  Your privacy is protected during all communications with us.

We have been able to secure coverage for those with : COPD, epilepsy, multiple sclerosis with No Medical Exam policies, but there are other factors at play such as how long ago you were diagnosed and how severe that condition is today.

All telephone discussions are CONFIDENTIAL.

If you need to provide term life insurance for your business employees, or for an SBA bank loan requirement, Docktor’s Insurance has special policies for you. Especially If You’ve been declared “Uninsurable” by others.

Most agencies don’t know about these products so if this is your situation,

Give Docktors’s Insurance a Call NOW:

CALL US AT (888) 773-1181 x1

For small Whole Life policies with no medical exam, it’s a little different.  You can have some moderate health issues and still qualify for these no medical exam whole life insurance policies.  We are happy to help you to compare these policies for your loved ones, family and friends as well.

What No Medical Exam Life Insurance Companies ALWAYS Check

Besides the questions listed on each company’s application, they will qualify you based on the reported results of contacting these three organizations about your history.  Docktors’s Insurance wants you to know that we’ve uncovered clerical errors within a few of these reports; they were promptly corrected leading our satisfied customers to get full and suitable life insurance coverage.

Just like working patiently to correct clerical errors within each of the three credit reporting agencies (who are not contacted by life insurance companies, by the way), it sometimes takes a business (like us and your bank) representing your personal interests to get errors corrected promptly.  Likewise, we’ve been informed by our clients of cases of identity theft – and thankfully, we were able to help them get that corrected swiftly.

These three reporting agencies are known as the 3 Validation Bureaus.

  1. MIB  —  (Medical Information Bureau) operates a secure, privacy protected, industry-wide database where USA based life and health insurance companies share information significant to each individual’s health or longevity taken from prior applications for insurance and those requisite underwriting investigations.
  2.  Motor Vehicle Report – You state’s DMV is checked for DUIs, reckless driving tickets, suspended licenses and excessive moving violations.
  3.  Pharmacy Report – This is the central database that lists all your prescription medication history.

We recently resolved a situation where our client was taking a diuretic to assist with weight loss, but because she has been using that Rx for over two years, it was falsely assumed by the Underwriter to be related to Chronic Heart Failure (CHF).  A letter from her current prescribing physician quickly clarified that misinformation, which got her approved for full coverage – at age 75.

All life insurance companies use outside professionally-managed resources to help them decide whether to approve your application.  Primarily they validate the honest answers you provided to Docktor’s Insurance during completion of your telephone or written application.

Life Insurance for Seniors

Life Insurance for Seniors

Important Things to Consider Before You Purchase Life Insurance for Seniors

Life insurance provides you and your loved ones with a number of benefits, and there are a wide range of policy options available to choose from. Some life insurance policies may be more beneficial for you than others, and because of this, there are a few important things to consider before you purchase life insurance coverage for seniors.

As a first step, you should estimate how much coverage you need. Keep in mind that you may need different types of coverage, so you may break down your coverage needs based on how the benefits will be used. For example, you may need a senior life insurance policy to pay off your mortgage so that your loved one can live in a home that is owned free and clear.

Perhaps you need burial insurance for seniors to pay for your final expenses so that your loved ones are not responsible for them. When you itemize what your insurance benefits will likely be used for, you will be able to purchase the right combination of policies for your needs.

While some seniors see the benefits associated with purchasing coverage, others believe that life insurance is no longer needed in their older years. For example, their mortgage may be paid off, and they may have sufficient assets to support a surviving spouse.

However, it is important to note that there are several reasons why you may want to get senior life insurance quotes and purchase a policy today.

Why You May Need a Senior Life Insurance Policy

Regardless of whether you have personal debts paid off or not, all seniors will have final expenses upon their death, and these are expenses that are passed on to surviving family members. The typical cost of a funeral is approximately $10,000 in the Unites. This is typically money that the family members will need to come up with very soon after the insured passes away. This financial burden can be considerable, and it comes at a time when they will be mourning your loss.

Final expense life insurance is designed to provide them with a quick source of funds that are sufficient to pay for most or all of these expenses. These are funds that do not have to go through probate, so they will be immediately available. A variation of this is burial insurance for seniors, which will provide funds for the burial costs without all of the final expenses.

Another reason why seniors may purchase a life insurance policy is to pay for estate taxes. If you have determined that your estate will be taxed, you may be interested in protecting your legacy and passing it on to your heirs without having it heavily taxes. Keep in mind that estate taxes may take up to half of the value of the estate in some cases. When you want to ensure that your estate remains in your family’s possession, you can purchase cheap life insurance seniors that will be used to pay estate taxes.

senior life insurance policy

Many seniors have income streams that will not be passed on to their survivors who may be dependent on them. If you are concerned about the welfare of your spouse or other dependents after you pass away, life insurance for seniors is a great idea. This can prevent your spouse from having to endure a significant and likely unpleasant lifestyle change when you pass away. For example, some pension plans will either not pay all of the proceeds to a surviving spouse or will not pay the full proceeds to him or her. Cheap life insurance for seniors can be used to replace the income stream that is lost.

Some seniors would like to make a donation to a charity or organization that supports a cause that is important to them, but they lack the financial means to do so. With a senior life insurance policy that has the charity named as the beneficiary, you can make a gift to the charity after your death. This is often a considerably larger gift than you would be able to donate through your own assets.

There are other common reasons for purchasing life insurance for seniors as well, such as paying off debts that may otherwise be passed on to loved ones. This may include a mortgage or other debts. With this strategy in place, the monthly expenses that the loved one is responsible for can decrease, and this means that the surviving spouse can maintain a quality of life with less monthly income required.

Common Types of Life Insurance Seniors Buy

There are several common types of life insurance policies that seniors purchase, and these include permanent policies as well as term policies that extend for up to 20 years or more. A whole life insurance policy, which may also include a variable life, an indexed universal life or a whole life policy, can accrue cash value. This cash value is a form of savings account for seniors, and it can be counted as a financial asset.

With many types of life insurance for seniors, the applicant will need to be approved for coverage. This means that a lengthy application regarding the applicant’s medical history, lifestyle and more will need to be completed, and the individual will need to complete a medical exam or physical. This exam typically includes a blood pressure reading, a heart rate check, a urine test and a blood test. The applicant may be denied coverage if it if determined that he or she has health conditions that could make him or her risky to insure. In other cases, the individual may be approved for coverage but may receive a higher rate.

There are many reasons why seniors of different ages get certain policies. We will help you understand the reasons why seniors of different age groups purchase different types of policies and face amounts.

The different age groups are:

The Option of Guaranteed Issue Life Insurance

Because most seniors will benefit from a life insurance policy but not all will qualify, many will be looking for an alternative. Guaranteed issue life insurance is a type of life insurance for seniors that is available to all seniors without the need for a health history or medical exam. While the premium will be higher that alternatives, it may be the only option available to some seniors who need coverage.

Life Insurance Quotes

Comparing Coverage Options

While there are many types of life insurance for seniors available to choose from, not all policies are suitable for all individuals’ needs. Some people do not even attempt to purchase coverage because they believe that their premium would be too high or that their health status would make them ineligible, but you can see that there are policy options that are suitable for most needs.

As a first step, you should consider if you believe you would qualify for a plan with a medical exam requirement. There is no harm associated with applying, and this could provide you with the best rate possible on the coverage you need. If you do get denied, however, you can consider applying for a guaranteed issue life insurance policy. You should also consider getting quotes from different companies that offer the same type of coverage. The rates, features and benefits associated with similar plans from different providers may mean that one policy is more advantageous for you than others.

One of the best ways for you to gather quotes is to contact a life insurance broker or agent for assistance. A life insurance broker can help you to define your coverage needs and preferred coverage amounts. In addition, you can easily get personalized information about the different types of coverage from your broker. Once your broker understands your life insurance needs, he or she can begin requesting quotes on your behalf. This is a fast and easy way to get quotes and to find the coverage that is right for you.

Keep in mind that you may benefit from using multiple types of policies for various needs. For example, life insurance for seniors may be used to pay estate taxes while final expense life insurance benefits can be used to pay for your funeral and other aspects of your burial. Once you determine what type of coverage you want and how much coverage you want to purchase, you can easily use online life insurance applications to request the precise coverage that would benefit you.

Where to Request Life Insurance Quotes for Seniors

If you have decided that you want to shop around for quotes for life insurance policies for seniors, now is a great time to get started. Death is an inevitable future for everyone, and the only question is when this event will occur. Because of this, it is important to purchase coverage that will protect your estate and that will meet other financial needs as soon as possible.

One of the best steps that you can take to learn more about your coverage options and to gather your quotes quickly and easily is to use the online application form on the website. This form is designed to take only a few minutes to complete, and by doing so, you may easily learn about the coverage options that you qualify for.

Shopping for Life Insurance Online

Shopping for Life Insurance

Questions to Ask When Shopping for Life Insurance

Shopping for life insurance online involves a lot of research and comparisons of policies and coverage. Most of this research can be done on your own over the Internet. Still, there does come a time when you will want to chat to an insurance agent.

When shopping for life insurance online everyone should be thinking about some basic questions.

– What do I expect out of my life insurance policy?

Only you can answer this personal question. It takes evaluation of you, your family and your lifestyle. It might also involve a little predicting of future events.

Do you want something that will just pay for funeral expenses, or a policy that will keep your family financially secure in the long-term in the event of your death?

Do you want a policy that gives you the option to use the cash value in case of future expenses? Examples of these expenses are your children’s education or buying a home.

– What types of insurance policies are available?

Once you have evaluated your circumstances and formed a better idea of what you expect, it is time to search out the type of life insurance that would fit your situation, now and in the future.

Many times, you can get good basic information on the Internet using insurance calculators, but you might also benefit from contacting an insurance agent. They are educated in the different types of life insurance available and can help navigate you closer to your goal.

– What are the premiums?

Every policy is different depending on what you want, what you need and what you actually get. All of these decisions will typically mean different premium costs. Your insurance agent can provide you with these costs. Make sure you can reasonably afford the premiums.

– Do premiums or benefits vary as the years go by?

Some policies guarantee fixed rates and death benefits, some do not. It is important before shopping for life insurance to understand what you are going to be paying each year your policy is in effect.

– What happens after the term is up on a life insurance policy?

As mentioned before, every policy is unique just as everyone’s circumstances are unique. The end of the term on a life insurance policy means different things depending in the policy. Make sure you are clear on what happens should you outlive the term of your policy.

– How reliable is the insurance company?

Make sure to do your research on the actual company you are considering shopping for life insurance policy from. Several sites exist online that can give you an idea of the “health” of an insurance company.

To compare life insurance quotes, fill out our quote request form on the right or call us at 1-888-773-1181

Final Expense Life Insurance Coverage

What You Need to Know About Final Expense Insurance

Final Expense Life Insurance

There are a few common reasons why people purchase a life insurance policy. Many want to financially provide for their family after they pass away, and the life insurance benefits may provide a means to do so.

For example, the death benefits from a life insurance policy may be used to supplement lost income from the deceased or to pay off debt and reduce the family’s overall monthly expenses. While these are common reasons why people purchase life insurance, many will also purchase additional coverage to pay for their final expenses.

The Basics of Final Expense Insurance

Final Expense Life Insurance

It’s never too late to invest in final expense insurance. You may not want to focus on the inevitable conclusion of your life, but it’s a fact that you cannot escape. While you may not need insurance to cover debts or provide for a family, it’s still smart to ensure that you won’t create extra bills with your passing. This insurance is designed to cover your funeral expenses and take that burden off your surviving family members.

The High Cost of Funerals

People choose final expenses insurance because funerals have become increasingly expensive over the years. In addition to buying the casket, there are also fees for the funeral director, flowers, the funeral home and other expenses. It can easily wind up costing more than $10,000, but you can spare your family this expense.

How Much Coverage Is Needed

While many people can calculate how much money they need to provide their loved ones to pay off debt, to supplement lost wages and more, many struggle to determine how much final expenses insurance is needed. Before you can start requesting final expenses life insurance quotes, it is necessary to determine what these expenses may actually be.

Final expense insurance generally may be used to pay for everything from the burial plot and the casket to the funeral service, limos, headstone and other related services. The average funeral in the U.S. may cost as much or even more than $10,000. This can be an incredible sum of money for your love ones to come up with when faced with a sudden and unexpected death, but final expense insurance is available to pay for it.

The Challenge of Paying for Final Expenses

Final expenses life insurance quotes

With most final expenses, the amount due must be paid at or before the service. This means that the family often only has a few days to come up with the money to pay for the expenses. Some families may rely on credit cards or pull money out of savings. Some may sell stocks or other assets before they are ready to do so. While these are some options available, a better idea is to purchase a policy from final expense life insurance companies.

Two Main Types of Coverage Available

Final expense insurance is most commonly purchased by senior citizens, and its main purpose is to help their loved ones pay for their final credit card, medical and funeral expenses. As with life insurance, there are two main types of coverage available.

These include term and permanent, which may also be called whole life final expense insurance. A term final expense policy will expire and will not accumulate cash value.

whole life final expense policyIf you purchase final expense whole life insurance, on the other hand, it may not expire, and cash value may build up in the policy on a tax-deferred basis.

In addition, the cash value in a whole life final expense policy may accumulate or grow over time, and the insured has the option to borrow against the funds or withdraw the funds as needed without question. This will, however, reduce the amount of the death benefits that are provided to the beneficiaries upon the insured’s death.

The Benefits From a Final Expenses Insurance Policy

The terms and benefits associated with a final expenses insurance policy can vary, and this is important to remember when you request different final expense life insurance quotes.

Generally, these policies range in value from between $10,000 and $50,000. These policies are intended solely to pay for final expenses, so additional life insurance may need to be purchased to pay for estate taxes and other similar things.

Keep in mind that most of these policies will remain in place for your lifetime, and there often are not strict underwriting requirements that need to be met as is the case with a typical life insurance policy.

However, some applicants may be asked basic medical or health questions even though a full health exam or physical is not required by most final expense companies.

Graded Benefits for Final Expenses Insurance

It is common for final expenses life policies to have graded benefits when the insured has severe medical conditions and needs a guaranteed issue policy.

When graded benefits are in effect, the beneficiaries may not receive the full amount of the death benefits within the first few years after the policy is purchased. The period of time that the policy is graded and partial benefits provided can vary by policy. Therefore, you should consider learning more about the graded benefits feature in the policy before you make a final decision about which policy to buy.

In the event that you pass away within the period of time when graded benefits are in effect, your beneficiaries may receive back the premium you have paid plus 10% interest. This varies by the policy purchased. As you get quotes from different final expense insurance companies, keep this important point in mind.

How to Plan For Final Expenses

Some will only seek out the best final expense insurance policy and consider that their efforts at paying for their final expenses are completed.

Others, however, may also work with a funeral home to make a pre-arranged plan. If this is the case, many will make the funeral home the beneficiary of the final expense policy. The funeral home will directly receive the funds and can provide the services that have been agreed upon in the plan. By doing so, the funeral expenses can be paid for without interfering with the estate assets, savings and inheritance funds.

Before You Make Your Purchase

final expense whole life insurance

You may be getting ready to contact final expense insurance companies to get quotes, but there are a few things to think about before you make a purchase.

First, think about whether you want to purchase term or whole life final expense coverage. This may relate to your need to have permanent coverage in place or to accrue cash value in your policy. After you have made this important decision, you will be able to select the death benefits that are right for your needs.

You can work with a funeral home about pre-planning your funeral service and selecting the burial plot and headstone. This will give you a better idea about how much insurance you need to purchase.

After you have figured out how much coverage you need to purchase, you will then need to learn more about the strength of the different insurance companies that you received quotes from. While finding a great rate is important, it is also important to find a reputable, established company to purchase your policy from.

A smart idea is to check the insurance company’s rating from A.M. Best or from Standard & Poor’s, and you can research these conveniently online.

Beyond the Funeral

The insurance policies can also be used to cover more than just the funeral. The proceeds can be used to pay off credit card debts and other final expenses. While most people will use the funds to pay for a nice funeral, the remaining balance can be used for anything your family sees fit.

Shopping for a Low Rate

When you are searching for a low rate on your final expenses insurance, you can follow a few important steps to ensure that you get a great deal from a reputable company.

First, contact us, we are licensed agents that represent numerous final expense insurance companies and can search for the lowest rate possible. Then, you will need to find the right plan for your budget.

Consider the payment options available, and remember that some plans will have a monthly payment while others have an annual payment. Many have multiple payment options for you to consider.

You may also consider reading reviews and researching ratings online. Then, consider planning your funeral service with a funeral home.

You can also consider your health when you are deciding which insurance to purchase. Remember that a plan that does not require you to get a physical exam may be more expensive, but it may be a better option if you do not think you will pass an exam.

Easy Applications and Acceptance

These insurance plans are relatively easy to get, and many don’t require a health exam. This allows customers to add the coverage to their portfolio without worrying about a high monthly premium or being denied coverage for a pre-existing condition.

This coverage is ideal for middle-aged adults who are getting their affairs in order. It’s your hope that your family won’t have to use the final expense whole life insurance anytime soon, but it will be ready for them when they need it. The policies are surprisingly affordable, and they’ll give you the peace of mind that you need.

Now is a great time to get started shopping for final expense insurance coverage.

You can learn more about the different options available and get your questions answered by contacting us at 1-888-773-1181, we are licensed agents in your state. You may request a quote through our web form, and we will call you to answer any questions and provide the quotes you are looking for.

Buying life insurance as well as final expense life coverage are important steps to take. Even though you may already have a life insurance policy, it may be advisable to get a final expense insurance policy to pay for all of your funeral expenses and related expenses.

Take time to learn more about the different benefits associated with getting this type of policy, and shop for your policy today. This is a great step to take that will help you to minimize the financial impact that your death may have on your loved ones.

Companies Offering Life Insurance Without a Medical Exam

Life Insurance with No Medical Exam

Best No Medical Exam Life Insurance Companies

If you have avoided getting life insurance because you don’t have time for the physical, then you will be interested in life insurance with no medical exam.

These policies are readily available, very affordable and extremely convenient. Made for people who don’t have time or the desire to sit through a health exam, they are available from several companies. Here are just a few plans worth considering when you are ready to invest in life insurance without medical exam.

Assurity no medical exam

Assurity Life Insurance

With coverage levels between $50,000 and $350,000, these are attractive term life insurance policies. Designed for people between 18 and 65.

Assurity Life also offers a Simplified Issue Whole Life policy with a max face amount of $50,000 for people ages 0-65. At ages 66 to 80, the max amount of coverage available is $25,000.

These applications are taken over the phone and then you sign electronically. Decisions normally take about two weeks.

Fidelity Life

Fidelity Life Insurance

They have three types of plans to choose from:

Rapid Decision: is for people age 18 to 65 and offers coverage levels between $25,000 and $250,000. Applications are completed over the phone with an agent, and you must be in good health to apply.

Hybrid policies: are also for people between 18 and 65. Choose between $50,000 and $1,000,000 in coverage when you complete the application over the phone. Some health issues are acceptable, but the plans start out as a combination of “all cause” life insurance and “accident only” coverage.

Senior term life policies: are only for people between the ages of 50 and 70. The coverage levels are between $10,000 and $50,000, and it’s okay if you have some medical conditions. Applications are taken over the phone. It’s important to note that full coverage will not kick in until year 4. During the first 3 years only accidental death is covered.

america national no medical exam

American National Life Insurance (ANICO)

This policy offers faster approvals with most people receiving an answer in just three days or less. However, you must be in good health to receive approval through their strict underwriting system. They do have some of the lowest rates available if you are in good health and do not have other risk factors.

Applications are taken over the phone and then you sign electronically, or you can send in a paper application. Coverage levels are between $50,000 and $250,000, and they are designed for people between 18 and 65 years of age. Term and Universal Life Insurance policies are offered.

mutual of omaha no medical exam

Mutual of Omaha

Available for people between 18 and 65 years of age, this life insurance with no medical exam can be applied for over the phone and then you sign electronically.

The maximum amount of coverage they offer without a medical exam is $250,000. It takes two weeks for approvals, but they accept health conditions and risks that other companies avoid.

Individuals under age 80 can purchase whole life insurance, also known as final expense insurance up to a maximum of $40,000. These policies usually take 2 weeks for approval. Once approved, the rates and coverage amount are guaranteed for lifetime. The policy benefits begin immediately for both illness and accident. Mutual of Omaha is usually the best priced final expense policy for health individuals.

Sagicor Life Insurance Sagicor Life Insurance Company

Sagicor Life Insurance Company offers term life insurance no medical exam up to a maximum of $400,000. The term lengths available are 10, 15 and 20 years. They also offer No Lapse Universal Life Insurance up to $400,000. Both policy types require individuals to be ages 65 or younger. They are more strict than others with underwriting, but they do approve healthy individuals within minutes of submitting the application.

Principal Financial GroupPrincipal Financial Group

Principal Financial Group has a new underwriting process called “Accelerated Underwriting”. This new underwriting process allows individuals ages 18-60 that are eligible for the two best rate classes, Super Preferred and Preferred to purchase up to $1,000,000 of life insurance coverage with no medical exam.

This is full coverage that covers both accident and illness. All term lengths and policy types are available. You can get term insurance and universal life insurance with no medical exam if you qualify.

American Continental InsuranceAetna / American Continental Insurance Company

American Continental Insurance Company is a company owned by Aetna, which is one of the the largest health & life insurance companies in the nation. This policy has been made specifically for seniors up to age 85. This is a whole life policy also known as final expense life insurance. The policy amounts available are from $5,000 up to a maximum of $25,000.

This product is unique because it will approve individuals that most companies will decline. Most applications are approved within minutes of submitting them. If you have been declined by other final expense life insurance carriers, you may want to give Aetna a try.

Gerber Life InsuranceGerber Life Insurance

Gerber Life Insurance offers Guaranteed Issue Life Insurance. No medical questions are asked and you can not be denied. This policy is for individuals ages 50-80 with severe medical conditions. This is a whole life insurance policy that offers a maximum of $25,000 of coverage.

Since this life insurance company is willing to take a greater risk on who they insure, the premiums are higher and you will have a 2 year waiting period before the policy will cover death by illness. This is the last resort if you are unable to get life insurance with any other company. However, it certain has it’s place because some life insurance is better than nothing at all!

Applying for Life Insurance without Medical Exam

When applying for Life Insurance with No Medical Exam coverage, it’s important to remember that you must answer questions honestly.

No medical exam life insurance companies will look at your medical history, and they reserve the right to refuse coverage if you have answered questions dishonestly. In addition to looking at your medical history, they will also pull a motor vehicle report to see if you have dangerous driving habits, and they will pull a pharmacy report to see what prescription medications you take.

While there are more affordable options for insurance, there are times when life insurance with no medical exam is the best choice.

  • If you need coverage immediately and don’t want to wait for a traditional policy, then it is the right choice.
  • If you haven’t been to the doctor in more than two years, then this could also be the best option since you aren’t sure what a health exam would show.
  • Finally, it’s the right insurance if you simply don’t like needles or don’t have time for the appointment.

If you’re shopping for term life insurance no medical exam, contact us to get cheap life insurance without medical exam free quotes by answering few simple health questions  1-888-773-1181

Senior Life Insurance Policy

Plan for Tomorrow with Senior Life Insurance Policy

senior life insurance policyWhen you purchase a life insurance policy, you are taking steps to provide the named beneficiaries in the policy with benefits when you pass away.

There are clear benefits associated with younger adults purchasing a policy. In your younger adult years, a surviving spouse may require the death benefits for financial security after your passing. The funds may be used to pay off a mortgage, pay for the kids’ college and supplement lost income.

While there are advantages associated with purchasing life coverage in your earlier adult years, seniors can also benefit from life insurance. Buying senior life insurance policy can help you to plan for tomorrow in a number of ways.

Burial Insurance for SeniorsFuneral and Burial Insurance for Seniors

At your passing, your loved ones may be responsible for the financial expenses associated with your burial. A traditional ceremony may cost approximately $10,000, but this cost can be considerably higher for larger or more extravagant gatherings.

A portion of your life insurance policy’s death benefits can be used to pay for these expenses, and this will prevent your loved ones from feeling financially strapped due to these expenses.

Financial Security

If you are like most seniors, your children may now be grown and financially independent. Your spouse may no longer be dependent on your income for financial security. Nonetheless, death benefits from your life insurance policy can be used to enhance the security of your surviving spouse to minimize the likelihood that he or she will experience hardship later in life. In addition, some individuals will use their death benefits from senior life insurance Policy with an inheritance. This can enhance your children’s security for years to come.

life insurance policyWe want to help you enjoy the peace of mind that comes with financially providing for your loved ones after your passing. By planning for tomorrow with the purchase of a burial insurance plan, you can enjoy your retired years without stress because you will know that your loved ones will be taken care of regardless of what the future has in store.

Take time to learn more about the affordable rate we offer for life insurance for seniors as a first step to plan for tomorrow.

Josh Docktor looks forward to speaking with you about your life insurance needs. 1-888-773-1181

Getting 2015 Coverage With a Open Enrollment Period

It is that time of year again, the beloved health insurance open enrollment period!

2015 Health Insurance Open Enrollment Period

Open Enrollment starts : Saturday, November 15th, 2014 and ends Sunday February 15th, 2015

This time of the year is very busy for me, and I urge all active policy holders that need to make changes to their policies, setup an appointment with me online for any date after 11/15/2014. Please, setup an appointment now to ensure we discuss your current needs, and enroll you in the best policy available. New quotes for all health insurance companies will not be made public until after November 15th, 2014. During our web-conference appointment, we can review your current needs and enroll you in the best policy available for 2015.

make-an-appointment

Here are different scenarios that may affect your current health insurance policy

 If you have a policy purchased with an effective date prior to 01/01/2014 from the following companies, your policies will be terminated on 12/31/2014. These carriers will automatically renew you on the lowest cost bronze plan, but this might not be the best option for you.

  • Aetna
  • Blue Cross & Blue Shield of Texas
  • CoventryOne
  • CoventryOne, formerly Vista
  • Humana

 If you have purchased a newer health insurance policy from any company with an effective date of 01/01/2014 or later, your policy will renew automatically on 12/31/2014. If your premium has gone up too much, and you want to shop around, or if the health insurance company you have stops offering your particular plan, please click here to setup an appointment with me to find the best policy available now.

 If you have enrolled in a policy with an effective date of 01/01/2014 or later and received a subsidy from The Marketplace and had an income change or family size change, please click here to setup an appointment with me to resubmit a new subsidy application. The subsidy amount you receive will now be different, so we might need to change your policy as well.

If you have one of the following companies, and purchased a policy with an effective date prior to 01/01/2014, you will be able to keep your policy until renewal or late 2015 and then you will be forced to change. If you have one of the following companies and experienced a rate increase, please be aware that all companies have increased rates, and what you have still may be better than anything else in the market.

  • Blue Cross & Blue Shield of Florida / Florida Blue
  • Cigna
  • UnitedHealthOne, formerly Goldenrule

There are lots of triggering events that can cause you to re-look at your current health insurance. I will do my best reach each and everyone that needs my assistance.

Josh docktorPlease contact me if you have any questions. I look forward to speaking with you during health insurance open enrollment.

Best Regards,
Josh Docktor

New Policy Life Insurance Underwriting Criteria

Life Insurance Underwriting

life insurance underwriting

Many people are under the impression that life insurance underwriting criteria are made in secret backroom discussions, and that underwriters use classified information when it comes to approving new life insurance policies.

While it is true that underwriters are a select group, they are hardly the shadowy figures they are made out to be and the life insurance underwriting criteria they use is pretty standard.

Life insurance underwriting is an invaluable service to a life insurance company that upholds a set of criteria by which a life insurance company is able to provide an individual with life insurance while protecting the company from risky insurance practices.

During the underwriting process, all the answers to the questions you provided on your life insurance policy application are taken into consideration. These along with the results of your medical examination help to determine what rate you will pay if you qualify for a life insurance policy with a particular company.

The underwriting process for a term life insurance policy can take anywhere from three to eight weeks in most cases.

The 10 basic criteria that life insurance underwriting companies use when underwriting new policies are:

  1. Family History
  2. Medications you take
  3. Cholesterol readings
  4. Blood pressure readings
  5. Your height and weight measurements
  6. Your driving record – DUI’s, traffic tickets for speeding could affect your rates
  7. Medical history and conditions
  8. Your travel habits
  9. Hobbies – high risk hobbies such as race car driving or cave exploring might put you in a higher risk category and result in higher rates
  10. Tobacco use – Most companies will not offer low rates to smokers.

Life insurance companies do not fall into strict guidelines for the criteria they use when writing life insurance policies. Although the above list is pretty standard, there is a wide variety in the charts; meaning that while one company may deny you, another company may work with you offering you a life insurance policy. So you can see the the benefits of shopping around for insurance companies.

Finding the best life insurance underwriting can begin online. Research as much as you can about several companies and they find a qualified life insurance agent to speak to get your life insurance application started.

Call us today for free advice 1-888-773-1181

No Medical Exam Life Insurance

Most life insurance policies require a medical exam. Approval and rates will be based largely on your weight, lab work and other medical information. If you are in poor health, then you may find it difficult to get the insurance coverage you need.

Fortunately, you can get no medical exam life insurance so you can still get the coverage you need. The types of policies available with no medical exam are: Simplified Issue, Final Expense, and Graded Death Benefit.

No Medical Exam Life Insurance : Diabetes, Cancer, Heart Disease

A history of cancer, even if you are a long-term survivor, can make you uninsurable with traditional policies. People with diabetes or heart disease also have a difficult time finding the coverage they need to protect their families. Regardless of your medical condition and age, there are policies out there that can help cover your final expenses.

Graded death benefit life insurance policies have relaxed underwriting requirements and will approve most people. Graded death benefit life insurance policies typically will cover Accidental death in the first 2 years, and all causes of death once you have the policy in force for 2 years.

The premiums are more expensive than traditional policies, but this type of No medical exam life insurance eliminates the need for an exam and can provide you with the insurance you want for your family.

Fast Approvallife insurance with no medical exam

No medical exam life insurance will not offer the same face amounts as traditional term life insurance or whole life policies. You can still get coverage to take care of final expenses, pay off a few bills, and have money left over for your family. Face amounts up to $350,000 dollars are available with this type of no exam life insurance.

The benefit of these policy types, is the convenience. You can get a life insurance policy purchased and issued within a few weeks. Comparing this to traditional term life insurance which takes up to 6 weeks for approval, many people opt for this faster method of getting new life insurance.

Age Based

Age is the primary determining factor for the premium levels of  life insurance with no medical exam. The younger you are when the insurance is purchased, the more affordable it will be.

While this insurance can be purchased even in your golden years, it’s a good idea to buy it earlier if you know that you have serious medical issues. Your family will be protected financially, and you will love the peace of mind that gives you.

Premiums

There is a higher cost associated with no medical exam life insurance, mainly because there is a greater risk for the insurance company. Expect to pay more for a policy that is obtained without a medical exam, and be aware that you still must answer all questions honestly. Failure to provide honest answers can result in the cancellation of your policy. If you are healthy, then choosing a policy with medical exam can result in higher benefit amounts and lower premiums.

no medical exam life insuranceThere is hope for getting life insurance, even if you are not in the best of health. No medical exam life insurance policies will not require you to submit to lab work or an exam by a registered nurse. The policies are a little more expensive, and the benefit levels are lower, but they can provide you with the funds you need to protect your family quickly.

Get instant life insurance with no medical exam from all the top carriers available nationwide. Contact us to get free  quotes by answering few simple health questions  1-888-773-1181

Tips for Finding the Lowest Term Life Insurance Rates

lowest term life insurance ratesTO FIND LOWER TERM LIFE INSURANCE RATES

Term life insurance is among the most affordable types of life insurance available today. These are relatively inexpensive policies that can provide you with peace of mind from knowing that your loved ones will be provided for after your death.

While these are affordable policies in general, there are a few steps that you can take to find the lowest term life insurance rates available.

1. Purchase Your Policy When You Are Young

One of the key factors that insurance companies review when providing you with term life insurance rates is your age. Generally, the most affordable rates available are for individuals who are younger. In fact, the rates you qualify for may increase each year you get older.

2. Buy the Right Amount of Coverage

While your coverage amount may not impact the actual rate, it will have a direct impact on your premium. Therefore, you should not purchase more coverage than you need. A general rule of thumb to follow is to purchase term life insurance in an amount that is approximately 6 to 10 times your current annual income.

3. Pay Attention to the Term Length

The longer the term of your coverage, the higher the cost of insurance. While it may be more affordable to purchase a 10-year term policy rather than a 30-year term policy, the fact is that it is often more expensive to purchase three consecutive 10-year term policies than a single 30-year policy. Because of this, you should lock in a rate for the term length that is most appropriate for you.

4. Inquire About Price Breaks

When you are comparing term life insurance policies, inquire about price breaks different insurance companies offer. These are generally not advertised, so you may need to speak with an agent. These price breaks may provide you with a lower rate when purchasing additional coverage.

For example, with some insurance companies, it may be almost as affordable to purchase a $100,000 policy as it is to purchase a $75,000 policy.

5. Compare Rates

A final tip to follow is to shop around for the lowest term life insurance rates. We can make this process easy and save you time because we represent over 50 life insurance companies. Once we uncover your needs, we can compare all of the leading companies, and provide you with the least expensive rates available.

If you’re shopping for lowest term life insurance rates, contact us to get free term life insurance quotes by answering few simple health questions  1-888-773-1181

Term Life Insurance Coverage When a Couple Gets Married

Term Life InsuranceWhy Newlyweds Should Purchase Term Life Insurance

When a couple gets married, their lives are joined together. As soon as the wedding day, all aspects of their lives intertwine, and this includes their finances. One of the best steps that you and your new spouse can take right now is to purchase an affordable term life insurance policy. This will help you to enjoy a greater level of financial security and to prepare for the unexpected.

Most recently married couples are relatively young and healthy, and this means that now is the ideal time to purchase a new life insurance policy. Life insurance coverage is often more affordable when you are younger and healthier, and you can lock in your rate for the entire term of your coverage. Because some term life insurance policies extend for 30 years or longer, this means that you can enjoy affordable coverage for most or all of your working years when you purchase it very soon after getting married.

Life Insurance CoverageHow Much Coverage Do You Need?

Your needs for term life insurance may fluctuate over the years. Everything from your income levels and debt level to your age and how many children or dependents you have will affect your coverage needs. When you are younger, you may have limited debt and no dependents. Therefore, your coverage needs now may be minimal, but coverage can protect your loved ones from financial turmoil in the event of death.

Furthermore, because it is more affordable to purchase coverage now, you may purchase enough term life insurance to protect you from loss throughout your working years. Many feel comfortable purchasing a policy that is approximately $250,000 to $500,000 per individual, but some couples find greater security in purchasing additional coverage.

How to Find Affordable Life Insurance Coverage

While rates for life insurance may be relatively low when you are younger and healthy, you do not want to pay more than necessary for coverage. You can easily compare term life insurance rates by requesting quotes through Docktor’s Insurance. This is the best way to find the right policy for your needs at a fair price.

Contact us to get free life insurance quotes by answering few simple health questions  1-888-773-1181

How to Determine How Much Term Life Insurance to Buy

Term Life Insurance Coverageterm life insurance policy

One of the most common questions people have when purchasing a new term life insurance policy relates to how much coverage to purchase.

Term life Insurance coverage is generally purchased to provide death benefits to named beneficiaries.

For example,  surviving family members may suffer financially due to lost wages that the deceased is no longer able to provide. In addition, the surviving family member may still be responsible for all of the normal bills like a home mortgage. Savings that would have been attributed toward major expenses, such as a child’s college education, may not grow over time.

How Much Term Life Insurance Do I Need?

Clearly, a family can experience considerable financial hardship when one member of the family passes away, and term life insurance can be purchased in an amount that may diminish or eliminate this hardship.

However, it can be challenging to determine how much coverage you need. For example, if your spouse passes away next year and you are 30 years away from retirement, you may think that you need to supplement 30 years of lost wages.

This is actually one way to calculate the amount of coverage that you need, but it is not the only option.

For example, you may also review your expenses to consider how much debt you would need to pay off for your own income to cover all of your financial needs, and you can purchase enough coverage to pay off those debt balances.

Keep in mind that your need for benefits may diminish when your children move out of your home, when your mortgage is paid off and when other financial milestones are achieved.

In some cases, two insurance policies may be purchased — For example, if your children will move out of the house in 10 years and if your mortgage will be paid off around this same time but you still will not be fully financial independent with your own income at this time, you may purchase a 10-year term life insurance policy and a second 15-year or 20-year term life insurance policy. This is a cost-effective way to purchase the coverage you need.

Please speak with an insurance agent about coverage that may be appropriate for you. We can help you determine the right amount of term life insurance needed to cover your family! Call us at 1-888-773-1181

Is Permanent Life Insurance Right For You?

permanent life insurance

Types of Permanent Life Insurance

When you are shopping for a new life insurance policy, you have the option to purchase permanent life insurance or term life insurance coverage. While term life insurance will expire at the end of the specified term length and coverage will cease, the benefits of a permanent policy can extend for a lifetime.

If you have made the decision that permanent or lifetime coverage is right for you, you should take time to learn more about the different policy options available.

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Whole Life Insurance Coverage

Whole life insurance is one type of permanent life coverage, and this is a unique policy because it will continue indefinitely for a lifetime provided the insured makes the premium payments.

The premium of these policies is generally higher than the premium of a term life insurance policy, so they may not be ideal for those who are buying coverage on a tight budget.  However, in exchange for the higher premium, the policy can accumulate cash value, and the death benefits may never diminish over time.whole life insurance

The insured can access the accumulated cash value by surrendering the policy or by taking out a loan. Many insurance companies offer competitive interests rates on loans against the accumulated cash value on a whole life insurance policy.

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Universal Life Insurance Coverage

Another type of permanent life insurance is universal life insurance, and this type of policy is similar to whole life insurance in many ways. It may also extend for a lifetime, but it offers more flexibility to the policy holder.

This is because the insurance company separates the policy expenses, the death benefits and the accumulated cash value to provide the policy owner with greater flexibility to make the policy more useful for his or her needs. These may have adjustable rates and increased ability to adjust how quickly cash value is accumulated.

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Other Types of Policies

In addition to these two options, there are variations of these policies that you can consider.

For example, a to age 100 level guaranteed policy is a type of universal life insurance that extends until the insured reaches the age of 100, and it may cease at that time. Some of these policies have an extension option available after the insured reaches age 100.

Another option is the survivorship policy. This is a combination policy for a husband and wife, and it pays benefits only to the surviving spouse when one passes away. It is a cost-effective option for couples.

If you have questions about the permanent life insurance options available to you, such as whole life insurance or universal life insurance, you can speak with an agent today. 1-888-773-1181

Universal Life Insurance

Why Universal Life Insurance May Be Right For You

When you are shopping for a new life insurance policy, you may be attracted to term life policies because of their affordable rates. It is true that term life insurance is more affordable than universal life insurance, but there are significant benefits that are available to you through a universal policy that are not provided in a term life policy.

In fact, with a closer look at the flexibility of universal coverage, you may determine that this is the right coverage for you.

universal life insuranceIncreased Control Over Your Coverage

When you purchase a term life insurance policy, you are locking yourself into a fixed premium and fixed benefits available during a specified period of time only. These affordable policies may be right for some people, but their rigidity makes them disadvantageous for those who need more flexibility in their coverage.

Universal life insurance provides you with enhanced control over your coverage because you can enjoy the security of death benefits throughout your life.

There is no concern about death benefits expiring at the end of a fixed term. Furthermore, you can adjust your premium and the accumulation of cash value in your policy with ease, and this makes it easier for you to manage budgetary fluctuations and to accommodate changing needs over time.

In addition, these policies also allow you to access your cash value as needed. You may need to borrow the funds or withdraw them entirely for retirement, to buy real estate or other investments or to pay for the kids’ college education.

The fact is that term life insurance coverage is an affordable way to provide death benefits to your loved ones. Universal life insurance offers enhanced flexibility that gives you greater control to plan for a better financial future.

We can provide you with competitive rates for universal life insurance coverage when you contact us today.1-888-773-1181

Types of No Medical Exam Life Insurance

Many people believe that they have to undergo a health exam in order to get life insurance, but this is inaccurate. Whether you just don’t have time to sit for an exam or you feel that it’s too intrusive, there are companies offering no medical exam life insurance.

no medical exam life insuranceHere’s what you should know about the valuable product and how you can benefit from it.

What is life insurance with no medical exam?

This is the type of life insurance that provides beneficiaries with a monetary benefit upon the death of the insured individual. It is available for people who are healthy and even those with some pre-existing medical conditions.

Benefits of no medical exam life insurance

These policies come with a faster approval period, and most people can get the coverage they need in as little as 24 hours.

Policies are available for people of all ages, and you can avoid the inconvenience of a health exam.

Price comparison of policies

Traditional life insurance policies that require a health exam take up to eight weeks to go into effect. While life insurance with no medical exam offers you faster coverage, it also comes with a higher premium. In general, this is one of the more expensive options for life insurance coverage.

Policy Types

  1. Term insurance is available for set periods of time, either 10, 15, 20 or 30 years. Benefit amounts go up to 1 million dollars, and the maximum issue age is 65.
  2. Final expense insurance is a policy that will last the rest of your lifetime. Funeral and other expenses can be covered up to a maximum benefit of $100,000. The maximum issue age is 85.

The Fine Print

There are a few different types final expense policies available.

  • You may be familiar with simplified issue coverage where protection begins immediately. This is a policy type for individuals with minor medical conditions. These policies are usually for a maximum benefit of $100,000 and individuals can purchase a policy up to age 85. After age 65, the maximum benefit amount available decreases to $40,000
  • Graded or modified plans have a maximum benefit level of $50,000 and age limit of 85. These policies are meant for individuals with more severe medical conditions. There is a two-year waiting period before benefits will be paid. Guarantee issue also has a two-year waiting period, but the maximum benefit level lowers to $25,000.
  • No medical exam life insurance does carry a higher premium, but it also offers certain benefits. You won’t have to schedule a health exam and wait for the results. Coverage is available in a shorter time period, and you may find it to be far more convenient. This makes life insurance with no medical exam a popular choice for many people.

Please speak with a licensed insurance agent to determine which type of no medical exam life insurance is best for your. 1-888-773-1181

What You Should Know About No Exam Life Insurance

no exam life insuranceYou May Want to Consider No Exam Life Insurance

It’s important to have life insurance to keep your family protected, but choosing the right policy can feel overwhelming.

There are many different types of insurance available, see you can easily find one that suits your personal needs and goals. One option you may want to consider is life insurance with no medical exam.

How the Program Works

Before issuing a no exam life insurance policy, most insurance providers will take steps to minimize their liability. They do this by asking applicants a series of questions about their health. Full disclosure and honesty is expected on these applications.

They may also request documentation and records from your family physician and pharmacy. This information is used to determine overall health without a medical exam.

Advantages and Disadvantages

No exam life insurance has its own unique set of pros and cons.

The application process is easier, and policies typically go into effect more quickly. You don’t have to deal with a health exam, and that makes everything more convenient. Insurance companies are willing to offer these because they save a significant amount of money by forgoing the medical exam.

However, this insurance also comes with a few disadvantages. If you like the idea of getting a free and thorough medical exam, then you might want to choose traditional insurance.

Another downfall is that these plans typically carry higher premiums because the insurance company is unable to determine exactly how healthy you are.

The Ideal Customer

Life insurance with no medical exam is the right program for anyone who needs life insurance quickly. Many people simply hate going through medical exam or don’t have the time available.

If you are under age 65 and want coverage up to $1,000,000, the no exam insurance providers will want to confirm that you’ve had a physical exam in the last 5 years and you are in good health.

If you are wanting final expense insurance with face amounts less than $50,000, a checkup in the last 5 years is not required and individuals with more medical conditions can be approved.

There are several different no exam life insurance types available. You can choose a policy that fits your financial needs and your budget. The ability to skip the medical exam makes getting coverage more convenient and faster.

Please speak with a licensed insurance agent to determine which type of no medical exam life insurance is best for your. 1-888-773-1181

Obtaining Cheap Life Insurance Without Medical Exam

The Protection You Need Without The Inconvenience!Cheap Life Insurance Without Medical Exam

People who want to protect their families with life insurance don’t always have the time or inclination to sit through a medical exam.

If you’ve been searching for policies that will give you the protection you need without the inconvenience, then you’ll be excited to learn that you can buy life insurance with no medical exam.

What to Expect

When carriers issue life insurance without a medical exam, they still want to know about your overall health. The applications of these policies typically include questions on actual age, lifestyle, gender and basic health information. The company may also request copies of your medical history and pharmaceutical records in order to better ascertain your overall health. Acceptance and policy levels are based on this information.

The Importance of Honesty

When you apply for life insurance with no medical exam, the company expects you to be honest. Your answers will be compared against the medical records they received.

If they determine that you were misleading in your answers, they can decline your application.

Available Plans : Term life Insurance No Medical Exam

There are several options to consider when you apply for life insurance without a medical exam.

  • Permanent life insurance provides you with protection for the full life of the individual.
  • Term life insurance will only be in force for a fixed number of years.
  • Guaranteed issue policies are typically geared for older individuals and are available for individuals 50-85 years old.

However, these carry the highest premiums and lowest coverage levels because medical history is not taken into account.

Is It Right For You

The decision to purchase life insurance with no medical exam is very personal. These policies provide you with coverage in a shorter period of time, but they also carry a higher premium. life insurance without a medical exam

They are the ideal solution for people who don’t want to go through health checkup or don’t have time to meet with the doctor.

Life insurance without a medical exam may be the right choice for people who do not qualify for conventional coverage or find health exams to be particularly inconvenient.

Fill out the application honestly to avoid problems later and prevent any loss of coverage. Finally, take the time to read the fine print to be sure that the insurance plan will provide you with the coverage you are looking for.

If you’re shopping for cheap life insurance without medical exam, contact us to get free quotes by answering few simple health questions.  1-888-773-1181

A Note on Special Enrollment Period

special enrollment periodSpecial Enrollment Period and Short Term Health Insurance

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The 2014 open enrollment period for the affordable care act has passed. However, you may be able to take advantage of a special enrollment period if you have a qualifying event between now and the end of the year.

Under the right circumstances, you can apply for health insurance at any time between now and November 15, 2014.

Another option is to sign up for short term health insurance to get the vital coverage you need. Here’s what you should know about getting insurance between now and the end of the calendar year.

Basic Qualifying Event

A change in family status or the involuntary loss of your minimum health coverage is considered a qualifying event.

Changes in family status include:

  • Getting married
  • Giving birth to a child
  • Adopting a child.

The involuntary loss of coverage may be through job loss or the cancellation of a policy that you previously had.

When to Consider the Special Enrollment Period

  • If you have expanded your family through marriage, birth or adoption, then you’ll want to start filling out an application immediately.
  • You may also qualify if you applied during open enrollment and there was an error on the government’s website.
  • Native Americans, as defined by section 4 of the Indian Health Care Improvement Act, can change from one qualified health care plan to another once per month.
  • People who have recently moved to the country or become citizens may also qualify for special enrollment period.
  • Finally, people who are recently released from incarceration may also qualify for healthcare coverage outside of the open enrollment period.

short term health insurancePlease keep in mind that you have up to 60 days to enroll once a qualifying event happens.

If you don’t qualify for coverage under any of these events, then you might want to consider short term health insurance. This protection will ensure that you are covered up to $2,000,000 in the event of a serious accident or major illness.

If your circumstances change later in the year, then you can still take advantage of the special enrollment period.

If you decide that short term health insurance is the right choice for you, then take the time to speak with an agent and review the policy details.

These plans offer bare-bones coverage, and pre-existing medical conditions are not covered.

Please speak with an agent today to get free short term health insurance quotes and determine your eligibility. 1-888-773-1181 x1

Short-Term Health Insurance is Available!

Short-Term Health Insurance

Missed the 2014 Obamacare deadline and still need health insurance?

The deadline to sign up for the Affordable Care Act has officially passed. If you missed this opportunity, then you may be worried about waiting until the 11/15/14 enrollment period for a new policy to begin 01/01/15. However, you don’t have to go without medical insurance because short-term health insurance is available.

Here’s what you should know about short-term health insurance before signing up for coverage.

Short-Term Health Insurance Minimal Coverage 

Some of the short-term health insurance policies currently available are not offered to people with pre-existing conditions. You also you may not be able to renew them after a serious illness. They aren’t always in full compliance with the Affordable Care Act, so there may be a penalty for them in the future. The penalty for 2014 is 1% of your income or $95, whichever is greater. Some of these bare-bones plans are the ideal solution for people who are between jobs or have just missed the deadline.

Policy Duration

Short-term health insurance provides you with coverage that lasts between 30 days and 11 months. This type of policy term will protect you through most of 2014. When the term runs out towards the end of the year, you may be able to renew the plan for extended coverage. You’ll then be able to get the insurance plan you want in 2015.

Coverage for Catastrophes

You will not have coverage for annual physicals or pre-existing health conditions, but you will have the protection you need in the event of a serious accident or new diagnosis. The policies provide you with peace of mind knowing that you’re covered in case of an emergency up to $2,000,000. It’s important to read the fine print on your policy so that you’ll know exactly what it covers and what you should still be prepared for.

If you missed the 2014 deadline for enrolling in a ACA compliant health insurance policy, you don’t have to resign yourself another year without insurance. Health insurance carriers are offering a range of short-term health insurance plans designed to suit your needs and your budget. Many of them are not compliant with the new law, and you will have to pay a penalty for not having ACA compliant policy.

However, the low premium makes this a viable option for healthy people that need coverage temporarily until the next enrollment period.

Watch for the 2015 deadline (02/15/15), so that you can be sure to get the right insurance for full compliance with the Affordable Care Act in 2015.

If you have questions about short-term health insurance or enrollment dates, please contact Josh Docktor, a licensed health insurance specialist by calling 1-888-773-1181 x1

Health Coverage Open Enrollment Dates

Important Health Insurance Marketplace Dates

The health insurance marketplace is up and running, and people can now shop for the insurance plans they need. It’s important to get insurance before fines start accruing, and there’s no reason to go without this coverage with the recent legal changes. Here are the dates that you should be aware of in 2014.

What key dates do I need to know?

Open Enrollment Dates

Signing up for Coverage | Health Coverage Open Enrollment

Please contact us during the health coverage open enrollment to review available plans, find out about credits, and apply for your insurance coverage.

health coverage open enrollmentOpen enrollment is currently going for 2014, but the opportunity to sign up for coverage will end on March 31, 2014. Moving into the 2015 calendar years, people who need insurance can apply for coverage between November 15, 2014 and January 15, 2015.

Insurance Coverage Dates

When you sign up for coverage through the Healthcare Exchange, you’ll need to know when your coverage actually starts.

arrow-rightIf you want coverage to start on the first day of the following month, then you have to sign up between the 1st and the 15th of the month.

arrow-rightIf you wait until the 16th or after, then your coverage won’t start until the first of the second month after you signed up. This means that early enrollees in November will have coverage as of December first. Those who wait until the middle of the month and later won’t have coverage in place until January first.

The Penalty

As part of the Affordable Healthcare Act, everyone is required to purchase insurance. If you’re uninsured in 2015, you could be facing a penalty. The penalty is the higher of one percent of your household income with a cap of the national average yearly premium for a bronze plan, or you will have to pay $95 per person with a family cap of $285.

Buying Outside of Open Enrollment

You can get insurance outside of the health coverage open enrollment dates if you have a qualifying life event. Examples would include getting married or divorced, adopting a child, giving birth to a baby or losing your job.

People can enroll in Medicaid or the Children’s Health Insurance Program at any time, and employers can start offering coverage to their staff at any time.

If you don’t have coverage through your employer, then you need to know when the open enrollment dates are. Take the time to visit the system during health coverage open enrollment to get your insurance and avoid being charged a fine in 2015.

One last option available for individuals who have missed health coverage open enrollment and are interested in major medical protection for up to 12 months is short term health insurance.

Short term health insurance is available to purchase year round, but pre-Obamacare medical underwriting rules and pre-existing conditions apply. These short term policies have deductibles that range from $500 to $7,500 and will cover medical expenses up to $2,000,000.

Most policies last 6 months and you will have an option to renew. These policies are meant to cover major medical expenses only for a short time period. They normally will have a co-payment if you visit an urgent care center, but you are required to pay for any other medical expense.

One last thing to consider is that since these plans are not ACA compliant, you will need to pay the penalty for not having coverage that meets the federal guidelines. The benefit of this policy, is that is is much less expensive than anything you will see in the market by 40-60%!

If you have questions about enrollment dates or short term health insurance, please call Josh Docktor, Independent Insurance Agent at Docktor’s Insurance for more information, 1-888-773-1181 x1

Are you eligible for subsidized health insurance in 2014?

Have you checked to see if you are eligible for a subsidized health insurance policy in 2014?

If you think your 2014 income will be in the ranges below based on your family size, please call me.

The income required to qualify is your modified adjusted gross income on your individual tax return. If you look on your 1040, it’s line 37 (adjusted gross income) plus tax free income you receive. Please ask your accountant if you are unsure.

Please call me if you have any questions about subsidized health insurance, my direct line is 954-628-3796

I can get you qualified and complete your enrollment into a new subsidized health insurance policy.

The enrollment deadline for 2014 is March 15, 2014.

Best Regards,
Josh Docktor

subsidized health insurance

The Advantages of Hiring a Life Insurance Agent

life-insurance-agent

Life Insurance Agent can be a Valuable Asset

When it’s time to purchase life insurance, a life insurance agent can prove to be a valuable asset to you. While some people may think they can find a better rate by just calling companies on their own, an agent an actually help you save time and money while finding the perfect policy. Before you spend time reviewing policies on your own, you may want to consider these benefits of working with a professional.

life-insurance-agentAdvice, Explanations and Guidance

Life insurance policies are available with several different options and features. They come in different amounts and may have fine print that you need to understand before signing the final contract.

A life insurance agent can explain the differences, provide you advice about the options and offer you guidance in choosing the right plan. The agent can also be there to help you or your family if you ever have to file a claim and aren’t sure about the process.

Time is Valuable

Your time is valuable, and you have better things to do than wading through policy information and trying to get quotes from companies. The agent can provide you with information in a more efficient manner. You’ll fill out fewer forms, spend less time on the phone and avoid the incessant phone calls.

Don’t underestimate the value of your time, and let an agent take care of the legwork for you.

Better Rateslife-insurance-agent

Finally, an agent will help you save money. They can provide you with tips that help you bring the premiums down, and they know which companies have the best rates for the type of plan you want. In addition to finding the best rates, they may also know about discounts you qualify for to bring the premiums a little lower.

If you’ve decided that it’s time to invest in life insurance, start by finding a great life insurance agent to work with. The agents will focus on what’s in your best interests rather than just trying to close a sale.

They’ll discuss the different options and answer any questions you have. In the end, you’ll save time and money while finding a life insurance plan that’s uniquely suited to your needs.

Speak with an experienced life insurance agent. Please, request a phone call above or call Josh Docktor today for free advice.

1-888-773-1181

Whole Life Insurance Policies and Seniors

Should Seniors Buy Whole Life Insurance?

whole life insuranceWhen it’s time to buy life insurance, the first decision you’ll make is whether to go with a simple plan or whole life insurance. One features a death benefit to cover final expenses, but the other works as a savings account that can help pay for retirement. Choosing the right one is a very personal decision, and it depends largely on your age, your needs, and your budget.

Permanent Coverage

Term plans expire after 10 or 20 years, but whole life insurance plans remain in force for the rest of your life.

This makes them an attractive options for people who are young, but they aren’t always the right choice for people who are already in their golden years.

It’s a more expensive plan that becomes profitable over time, but most seniors simply won’t invest the number of years required to make it a smart investment

Building Cash Value Over Time

These plans are attractive for younger generations because they build a cash value over time. The premiums are larger than term life plans. A portion covers the life insurance, and the balance of each payment is essentially invested into savings and investment accounts.

People who are in their 30s and 40s can use whole life insurance as a type of savings for retirement, but it’s not a cost-effective choice for people who are already enjoying their retirement.

Other Options for Seniors

Elderly customers who want life insurance without the hassle of a medical exam can invest in plans that provide a basic level of coverage without a medical exam. Applicants will have to answer a personal medical survey as part of the application process. These plans are typically affordable and provide people with a basic level of coverage for their final expenses.

When reviewing life insurance policies, there are several factors to consider. Whole life insurance policies can be an important part of your retirement planning, but only if they’re put into place early enough.

If you’ve already retired and want to add some more life insurance, you’re probably better off going with term plans that suit your needs. If you aren’t sure which kind is the right choice for you, work with a life insurance agent to review the options and make a more informed decision.

Compare Whole life insurance, fill out our quote request form on the right or call us at 1-888-773-1181

Do you need help qualifying for a subsidy?

Need a Help?

Do you need help selecting health insurance on healthcare.gov?

If you are completing an application, please add my credentials and I can be your agent of record. Or call me for help.

On the agent section, please add my full name, Joshua Stuart Docktor, Username: JSDOCKTOR, NPN: 3925194.

Please call me at 1-888-773-1181 x1

Thank you, Josh Docktor.
 
healthcare.gov

Who Needs Term Life Insurance?

Term Life Insurance Questionsterm life insurance

When you are planning for your future and saving for your child’s college, it’s also important to protect your family financially in the event of your death. Life insurance may not be high on your list of priorities, but it should be. Available in terms of 5, 10, 20 or 30 years, term life insurance is important protection that will ensure your family can survive if you are gone.

Your Income Levels aren’t Important

You may think that you don’t earn enough to invest in Term Life Insurance, but this isn’t the case. Even if you aren’t making six figures a year, your family still depends on your income to eat and survive. At-home parents who are focusing on child care also commonly believe that they don’t need insurance. However, they are not taking into account that someone else would have to be paid to do what they normally do out of love. Consider the cost of daycare for your children, a maid to keep the house clean and someone to tutor the kids. It becomes clear that all parents in the household are valuable and they should both be insured.

Choosing the Right Term Life Insurance

A general rule of thumb is that you should be protected until the kids have finished college and your home is paid in full. Plan accordingly to ensure that you have the right term. If you have another child after you thought your family was complete, then call your agent to see about changing the term to provide continuous coverage.

What Amount is Right?

This is one of the trickiest questions people face when investing in Term Life Insurance. Start by making a list of your debts to ensure that your family will be able to cover those expenses. Include the mortgage in this list. Make sure you allow for college expenses for the children. This can help you arrive at a coverage level, and you can adjust it from there based on your budget and personal goals.

Before deciding that you don’t need term life insurance, stop to ask yourself what your family will do if you are not there. How will they pay the bills? Will your children still be able to attend college? With term life insurance, you will have all of the answers along with peace of mind.

To compare term life insurance quotes, fill out our quote request form on the right or call us at 1-888-773-1181

Compare Term Life Insurance Quotes

compare term life insurance quotes

Smart Riders for Best Term Life Insurance

Term Life insurance is an important investment, yet many people don’t take the time to find right best term life insurance plan and purchase a policy. The benefits are clear, and the peace of mind it provides you cannot be measured.

While you may be familiar with basic term insurance that pays a benefit to your family in the event of your death, there are several riders available to compare term life insurance quotes that you may not be familiar with.

Benefits when you Need Them

The Accelerated Death Benefit rider allows you to receive a portion of your term life insurance death benefit while you are still alive.

There are limits to how much you can take out, and the balance will be paid to your family upon your death. There are also specific conditions that must be met before you can request a payout.

Most companies require that you have a terminal illness, and the early payout can be used for medical bills and to cover other expenses.

Before deciding to exercise this option, you may want to meet with a financial planner or your insurance agent to ensure that it is in the best interests of you and your family. That way you can easily Compare term life insurance quotes from top life insurance companies.

Coverage for the Children

As much as people hate thinking about their own mortality, they really get upset at the thought of burying a child. Unfortunately, it can happen, and it’s wise to be prepared. You can invest in a child rider to receive a small policy on your child.

It will cover funeral expenses during a very difficult time. If a child is diagnosed with a serious illness like diabetes, they will be considered uninsurable. Parents who have invested in these riders will already have the coverage they need.

Term to Permanent

Some policies offer a conversion option that allows you to take your term life insurance and make it a permanent plan.

These standard best term life insurance policies have a set deadline for making the change, but the rate is still based on your health and age when you first obtained the policy. People appreciate the ability to lock-in those lower rates now and take advantage of them later when they are ready to switch to a whole policy.

Compare Term Life Insurance Quotes to Protect Your Family

Making the right investment to protect your family financially and give yourself peace of mind. These riders make best term life insurance policies more flexible for your changing needs. Riders are generally very affordable, and they make your coverage even more versatile and useful.

Compare term life insurance quotes, fill out our quote request form on the right or call us at 1-888-773-1181

Buying No Exam Life Insurance

Advantages and Disadvantages of No Exam Life Insurance

If you want life insurance but don’t want to invest in a health exam, then no exam life insurance may be the right choice for you. Before deciding to invest in this type of policy, you should understand the advantages and disadvantages of buying life insurance without a health exam.

Advantages of No Exam Life Insurance

no exam life insurance

One great benefit of this insurance is that you don’t have to make time in your busy schedule for a health exam. There is no need to have blood and urine samples taken. If you are very busy or just want to avoid being examined by a stranger, this will appeal to you.

  • Easy Application

Another benefit of no exam life insurance is that the application is simple. There is very little information requested on the application, so it doesn’t take much time to fill out the application. It is important to answer all questions honestly. The insurer will confirm the information you provide by looking at your medical records and other information. Failure to answer questions honestly can result in your application being denied.

  • Fast Coverage

There is very little waiting involved with these policies. If you need coverage immediately and don’t want to wait a few weeks for the traditional process, then a no-exam policy is an excellent choice.

Disadvantages of No Exam Life Insurance

Disadvantages of No Exam Life Insurance

It may seem ironic, but the ability to skip the exam is also a disadvantage. While you appreciate saving time by avoiding the exam, the insurer will have much stricter requirements for people to qualify. While these policies are easier to apply for, they are actually harder to get because there is no health exam.

  • Higher Cost

The company views a no exam life insurance policy as a higher risk than other policies. They need to protect their investment, and they do this by charging higher rates for these plans. The prices are still affordable, and you may not see much of an increase if you get your no-exam policy when you are in your twenties. If you wait until you are in your fifties to apply for this coverage, you may see a substantial difference in the price of insurance.

When it comes to no exam life insurance policies, there are advantages and disadvantages. If your main goal is saving money with lower premiums, then you should consider a traditional policy. However, if you don’t have time for the exam or need immediate coverage, then no exam life insurance may be the best choice for you.

Enrollment for new Health Care Reform policies begin October 1, 2013 and lasts until March 31, 2014

New Health Care Reform

new health care reform

Updated 11/06/2013

Hello Clients and Prospective Health Insurance Buyers,

I am writing this article based on what I know of as today, 09/06/13 and will be updating it as I get more relevant information. The purpose of this article is to inform individual health insurance buyers of how the new health care reform law might affect your current health insurance policy. I would also like to introduce you to what options will be available for new policies starting January 1, 2014.

Many companies will allow you to keep your current policy and premium until the end of 2014 with an amendment to your policy and an effective date change to December 31, 2013. Others have said you can keep your current policy, the rates will increase as of January 1, 2014, but have not indicated by how much (I am estimating 30-40%).

If your company allows you to lock in your plan and premium until 2014, you should receive a letter within the next three months stating your options. If you have not received this letter, please call your health insurance company’s phone number on the back of your member ID card.

Based on calls to customer service and broker support, here is what each company has told me regards to member renewals and new policies that are being bought.

Aetna – For current members, they will offer an effective date of December 31, 2013 and you have the option to keep your current benefits for one year longer or enroll in a new Health Care Reform compliant plan starting January 1, 2014. As of January 1, 2014, rates will increase if you get a Health Care Reform policy or if you buy a new policy now.

CoventryOne FL – For current members they will offer an effective date of December 31, 2013. You can keep your current benefits and possibly maintain lower premiums for one year longer. If you buy health insurance now, your rates will be locked in for 12 months.

BCBS FL – Current clients, non-grandfathered policies will be converted to HealthCare Reform policies on anniversary dates. For new business, rates will change starting January 1, 2014. If you buy health insurance now, rates are not guaranteed.

UnitedHealthOne – For current members, they will offer an effective date of December 31, 2013 and you have the option to keep your current benefits for one year longer. As of January 1, 2014, rates will increase if you get a HealthCare Reform policy or if you buy a new policy now.

Cigna – For current members, they will offer an effective date of December 31, 2013 and you have the option to keep your current benefits for one year longer. As of January 1, 2014, rates will increase if you get a HealthCare Reform policy or if you buy a new policy now.

Humana – Two options.
Option A – Member will keep current policy for rest of 2013, then will automatically renew to a health care reform compliant plan as of Dec 31, 2014. The Health Care Reform rates will be guaranteed one year.
Option B – Member can keep same plan and benefit you have now for all of 2014. Premium change will be for January 1, 2014. Rates will be guaranteed one year.

As of January 1, 2014, you can no longer be denied health insurance. There will be no pre-existing health conditions. Health insurance policies will be more comprehensive than ever before, and will be required to include the Essential Health Benefits. (Maternity coverage, mental health, preventive and wellness services and more).

The cost of health insurance will be based on your Adjusted Gross Income. If your income is within the ranges listed, you may qualify for a subsidy through the Exchange. The income ranges below are an estimate.

Health Insurance Subsidy Calculator

If your income is higher, you will purchase health insurance outside of the exchange. The cost of health insurance might be higher than what you are currently paying.

The exact price for health insurance has not been announced. I am expecting to get pricing by 09/15/13 to 10/30/13.

The open enrollment period for the new Health Care Reform policies begin October 1, 2013 and lasts until March 31, 2014. The soonest your Health Care Reform policy can begin is January 1, 2014.

If you would like to know if you qualify for a subsidy through an exchange or need to buy health insurance in the marketplace, please contact me. I can help you enroll in either policy type.

I am expecting to be rather busy during this enrollment period. If you have purchased health insurance from me in the past, I plan on being in contact with you at some point during the enrollment period. If you would like to reach me, please send me an email or call to schedule a web-conference appointment. I can let you know what policy will be best for your situation.

I look forward to being able to help you secure the best health insurance, and answer any questions you may have with the new health care reform. Please contact me if you have any questions.

Sincerely,

Josh Docktor
Independent Insurance Agent

Catastrophic Health Insurance Plans

The Benefits of Catastrophic Health Insurance Plans

Catastrophic Health Insurance Plans

It is now a requirement of the federal government that you have health insurance. If you fail to cover yourself, then you could face a hefty fine when you file your taxes. The good news is that there are ways to stay legal and protect yourself without spending a lot of money. Catastrophic health insurance plans are the perfect choice for people who are basically healthy and just want to have that extra insurance in case something tragic happens.

Made for Serious Health Problems

Also knows as hospital-only or short-term health insurance plans, catastrophic health insurance plans are not for you if you visit the doctor several times a year with allergies or other illnesses. They are for healthy people who rarely visit the doctor. They don’t cover many services like prescription drug, checkups and immunizations, but they will cover you if you are in an accident or diagnosed with a serious illness like cancer.

Benefits of Specialized Plans

The primary benefit of these plans is that you will save money with lower premiums. However, many people feel like it would be cheaper to go without insurance and just pay the fine. It’s important to remember that the cost of medical care can easily run into the tens or even hundreds of thousands of dollars if you need emergency surgery or have cancer. These plans provide you with care in these extreme situations, and you cannot put a price on the peace of mind they provide.

Catastrophic health insurance plans are the right choice for you if you have no pre-existing conditions and do not take prescription drugs for any health conditions. They are designed for people who rarely visit the doctor and are trying to minimize their health care expenses as much as possible. They are also a good choice if you are temporarily without coverage and just need emergency protection for a few months.

Get short-term health insurance or catastrophic health insurance quotes, apply online or call us today! 1-888-773-1181

Catastrophic Health Insurance Florida   by Josh Docktor January 9, 2013

 

The Coming Changes in Healthcare Reform

healthcare reform

Healthcare reform is having a profound impact on small businesses and their employees. Unable to benefit from group discounts in the past, many small businesses chose not to provide health insurance because it was too expensive. However, they can now pool their resources to purchase the health coverage their team members need.

The Congressional Budget Office estimates that small businesses will be able to lower their health insurance plans by up to five percent now that they can pool their resources. Even companies with fewer than 10 employees will be able to offer small business health insurance thanks to the recent healthcare reform. They will also be able to reduce costs further bay taking advantage of a tax credit for up 35 percent of their insurance costs. As the companies grow and have more employees, the credits are gradually reduced.

Healthcare Reform 2014

After 2014, as the SHOP Exchanges become available, the tax credits will increase to a maximum of 50 percent for the first two years that employers provide small business health insurance. As with the existing credits, the tax benefits are phased out as the company size and employee pay levels increase. The CBO believes that individuals investing in these group plans will then save up to 12 percent compared to what is currently available.

There are other changes included in the healthcare reform laws that will benefit all citizens. Pre-existing conditions will no longer cause rates to rise or result in someone being denied coverage. Also, companies with more than 50 employees will be forced to either provide healthcare or face steep fines. More preventive services will also be available at no cost to consumers, including routine childhood vaccinations, prenatal care, cancer screenings and counseling for quitting smoking, losing weight and making other healthy changes in your life.

Many people are still unclear about the details of the healthcare reform and how it will impact them. Small business owners and people who work for small companies may reap the greatest benefit as they pool their resources and make healthcare more affordable. The plans provide insurance to the more than 40 million Americans who were previously uninsured, and they make insurance coverage more affordable for small businesses and their workers.
It took a long time to get health care reform passed, and there are still many questions about how these changes will affect employers and consumers alike. However, it is clear that small businesses stand to benefit from the exchanges and other improvements in health insurance.

Important Information About Accelerated Death Benefit

Accelerated Death Benefit

Life Insurance Policies Offer Different Features

Most only pay out a benefit upon the insured’s death, but policies with an accelerated death benefit rider are becoming more popular. While it is wise to invest in a policy that gives you the option of receiving part of the death benefit while you are still alive, it’s important to know exactly how these plans work so you can make an informed decision.

Accelerated Death Benefit :: Designed for Illness

With these policies, the death benefits can be divided. Part of the insured amount will be paid to the insured as an accelerated death benefit, and the balance would remain for the beneficiaries after the insured’s demise. It is designed for people with chronic or terminal illnesses.Receiving the Payment
Early death benefits can be received only when certain criteria are met. Typically, there must be a chronic or terminal illness, and the insured should have a life expectancy of less than 24 months. Acute illnesses that drastically shorten life spans, like AIDS and acute heart disease, can also qualify you for the early benefit. You can also request payment if you are permanently confined to a nursing home, or if you have need long-term care and are moving into a nursing home or skilled care facility.

Dollar for Dollar Deduction

The accelerated death benefit reduces the amount of your beneficiaries payment after your death. Some policies only allow you to take a portion of the total insurance amount as an accelerated benefit. The balance that remains is what your family will receive. Most plans allow you to claim between 25 and 95 percent of the death benefits early.

Consider the Consequences

When you claim early benefits, there are financial ramifications. Your family will have a reduced benefit upon your death, and it’s important to make sure that they will still receive enough to take care of their financial needs. It counts as income, so it can also affect your Medicaid eligibility.

Paying for Benefits

This feature does not come with all policies. Most companies offer it as a rider that is added to a policy. You may have to pay a little extra for the option, although some companies only charge you if you actually take advantage of the feature.

When you invest in a life insurance policy, consider one with accelerated death benefit. Having the option to receive part of the benefit while you are still alive is valuable. It can help pay for medical bills and ease the financial burden in the final years of your life if you have a terminal illness. However, it is also important to be sure that your family will still have the benefits they need to handle their financial needs after your death.

To compare no exam accelerated death benefit quotes, fill out our quote request form on the right or call us at 1-888-773-1181.

Declined Life Insurance

What to do After Being Declined Life Insurance?

declined life insurance

Life insurance is an important investment that protects your family and provides you with peace of mind. The benefit payment that arrives after your death will help your family when they need it the most.

However, not everyone will be approved for life insurance. The good news is that there are steps you can take if you are declined life insurance.

Work with a Different Company

Different companies will have different underwriting requirements, so you can be denied coverage with one company and approved with another. Being turned down with one company should not deter you from applying with another. Agents can help you find a company that will insure you despite medical conditions, advanced age or other concerns.

Choose a Graded Policy

With a graded death benefit policy, the policy has a waiting period of two to three years. If you pass away during this time due to a non-accident, the company will refund your premiums plus interest. If your death is a result of an accident, the full face amount of coverage will be paid. After the waiting period expires, you will enjoy full coverage starting year 3 or 4 depending on the policy. These policies are more expensive, so they aren’t for everyone. However, they are the right choice for people with medical conditions who are having difficulty being approved for a traditional policy.

Guaranteed Issue Insurance

When you are declined for life insurance, try a different plan. Guaranteed issue policies only require that you are a US citizen and currently have an address within the country. They are guaranteed, so you cannot be turned down. However, they also come with some of the highest premiums in the industry. However, if you are declined life insurance for other policies, this is a viable option.

Improve Health Problems

Insurance companies don’t like seeing people with health problems. They want to know that you are healthy and have any health issues under control. If you previously applied and your high blood pressure resulted in a denial, then you should reapply after getting your blood pressure under control. You will need to schedule a health appointment so the insurance company can confirm that your blood pressure is controlled through medication and diet. Even if you were declined for life insurance previously, you can still obtain coverage by getting these medical problems under control

When you are declined life insurance, don’t assume that you are uninsurable.

A different company may be happy to insure you. You can also invest in policies that are specifically designed for people with health conditions or senior citizens. These plans are more expensive, but they can provide you with the coverage you need. Finally, take the time to meet with your doctor and improve your health conditions. When you reapply, you may get a different answer. With so many options for obtaining life insurance, there is no reason to give up if you have been declined.

 

Choosing the Best Life Insurance for Your Needs

Buying life insurance may be at the bottom of your to-do list, but it’s time to move it up a few notches. Even if you recognize the need for life insurance, you may dread the idea of filling out forms, sitting down for a health exam and waiting for answers. Fortunately, there are easier ways to find the best life insurance for your needs.

life insurance policy

Stability Matters

The last thing you want is to spend years paying in on a life insurance policy only to have the company go bankrupt.

Choose stable companies with high ratings from credit agencies and solid reputations. If you don’t have time to research the companies yourself, then visit a solid comparison site or speak to a licensed agent that can recommend “A” rated companies, and the best life insurance rates for your needs.

Shop Around

You can submit your information on our website and get connected with a licensed agent that represents multiple insurance companies. Let the licensed agent do the legwork for you and compare quotes from over 50 companies. Based on your information, they will let you know which companies and products are the best choice.

Take Care of Yourself

Finding the best life insurance means getting reasonable rates. You can find more attractive premiums by taking care of yourself: Stop smoking; start working out and be health conscience.

When you go for a health exam, your lower rates will reflect your improved health condition. Avoid dangerous hobbies that will also increase rates like sky diving or rock climbing.

The Little Extras

Learn about the extras you can purchase with life insurance and decide if any of them are right for you. An accelerated death benefit allows you to receive a payout before your death, and you can invest in return-of-premium plans what will refund all of your premiums if you never file a claim. Ask your agent what riders are available on the policy you select.

best life insurance

Consider the Options

There is no one-size-fits-all policy, and that’s why the best life insurance companies have different options. You may want whole life for the investment, universal life for the flexibility or term life for the low prices. Learn about the different options and choose the policy that meets your needs today and in the future.

Look for Customer Service

You are bound to have questions along the way. Work with an agent who will answer your questions, help you choose the right policy and even assist you in determine your coverage and term levels. These are very personal questions, but an experienced professional who is dedicated to customer service will help you find the answers.

When you are ready to invest in the best life insurance policy, start by doing your homework. Whether you research potential companies yourself or trust a licensed agent to do it for you, it’s important to know that companies are solvent and stable.

Choose the right coverage for your needs, and take care of your health to enjoy lower premiums.

Finding the Best Life Insurance Policy for Your Needs and Budget

best life insurance policyLife insurance is an important investment. Protecting your family from financial hardships and providing you with peace of mind, you want to choose the best life insurance policy for your particular needs. When you start comparing policies and premiums, keep this important information in mind.

Term Policies and Permanent Insurance 

Purchased for a set period, the term life policies will eventually expire. However, they are typically more affordable and you can find a plan that will fit nicely in your budget. Permanent, or whole life insurance policies will never expire. They include life insurance, but they also build cash value and can become an important part of your investment portfolio. How do I find the best life insurance policy?

Understanding Whole Life Policies

Some insurance agents focus on Whole Life Insurance because these policies are more profitable for the insurance companies. They are more expensive, and people who only look at quotes on Whole Life Insurance plans often feel that they cannot afford permanent insurance.

Whole life policies do have minimum guarantees and are also built on attractive positive assumptions that show them earning a high rate of return.

When people think whole life, they usually want a policy that will last the rest of there life. There are several options when considering a whole life or permanent life insurance policy.

Guaranteed Universal Life for example, is a policy that will last the rest of your life, at half the cost of a whole life policy. If you are considering a permanent life insurance policy, you should get quotes on both Guaranteed Universal Life and Whole Life insurance policies.

Compare the total cost throughout your lifetime by requesting a policy illustration. Speak with your insurance agent and discuss your budget and true need for your permanent policy.

Other Investment Options

While the insurance companies will push whole life insurance policies by claiming that they are a good investment, most financial advisers agree that there are better investment options available. In addition to providing you with more attractive rates on returns, these other investment vehicles have lower commission fees.

Save Money on Term Life – Best Life Insurance

  • The best life insurance policy for most people is term life. You can save on these plans by following these tips to find the best rates available
  • Match the term to your need – Buy a policy that will cover you until the kids are of age and move out or your retirement income will become active
  • Buy a policy when you’re young and healthy – Buy a plan when you are young and healthy to enjoy the most attractive rates available.
  • Be honest on your applications – Many term plans will either ask for a physical or check your medical records. You will not be able to hide the fact that you are a smoker or have a diagnosed medical condition. When the underwriters discover this information, they will change your approved premiums or refuse to issue the policy.
  • Shop around –The best way to save on your best life insurance policy plan is to shop around for the lowest rates.

Finding the best life insurance policy is extremely easy with the power of the Internet and comparison sites. With the right insurance plan, you can protect your family, enjoy the peace of mind and enjoy a low rate that fits nicely in your household budget.

Choosing the best life insurance policy may take a little time, but the peace of mind it gives you will be worth it. To compare life insurance quotes, fill out our quote request form on the right or call us at 1-888-773-1181

Understanding Accelerated Death Benefit

What Is Accelerated Death Benefit?

Accelerated Death Benefit

Life insurance plans will provide your beneficiaries with a financial payment upon your death, but there are times when you really need the funds before you actually pass away.

With accelerated death benefit, you can enjoy those benefits while you are still alive.

Necessary Provision

Accelerated death benefits are not available with every life insurance plan. If you have these benefits, your plan will have a specific death benefits rider or provision in the contract. How they work vary from one policy to the next, but they will be specified in your contract if you have these benefits.

A Set Percentage

One thing your policy will clarify is what percentage of your term benefits can be withdrawn before your death. It generally ranges between 25 and 95 percent of your death benefits, and the balance will be paid out upon your death. If you have a policy for $300,000 and take 50 percent of that through accelerated benefits, then your heirs will only receive $150,000 upon your death.

Certain Conditions

You cannot claim benefits early because you want to pay off bills or go on a vacation. You must meet certain criteria for the company to approve your request. In general, customers must have a terminal illness with a life expectancy of two years or less, an acute illness that will drastically shorten your life without treatment, or an illness that requires extraordinary treatment like an organ transplant. If you are put in a nursing home, then you may be able to use these benefits to cover your long-term care expenses.

Accelerated death benefit are a nice feature to have in a life insurance contract, but you should take care before claiming the benefits. They are not always the right choice. Upon further review of your situation, you may decide that the benefits won’t help you that much right now and you would rather save them for your beneficiaries.

Consider how they affect your survivors, and ask yourself if there is a better way to cover the costs. Finally, look at how collecting the benefits may affect your Medicaid eligibility. Weigh all options and the consequences before making this very important decision.

To compare accelerated death benefit rates, fill out our quote request form on the right or call us at 1-888-773-1181

We can help you to find the right choice for you and your loved ones.

ROP Term Life Insurance Policy

Is an ROP Term Life Insurance Policy Right for You?

Term Life Insurance Policy

The appeal of ROP term life insurance policies is steadily growing. As people learn more about these programs and how they work, they are warming to the idea of having this kind of security.

Providing you with life insurance in the event of your death, you also receive a lump sum payment and full refund of your premiums if you never use the policy.

An ROP term life insurance policy is not the only option available, and you can still choose traditional term policies. Here are three important tips to keep in mind before you make a decision.

Your Most Important Decision

The most important decision to make isn’t the type of policy you will get but how much coverage you will invest in. It’s vital that you choose a large enough policy to pay off the mortgage, cover bills, pay for your child’s education and help your family survive in the event of your death.

Even primary caregivers who stay home with the children should have insurance so the remaining partner will have the funds to pay for daycare. The premiums for return of premium policies are generally higher, so it’s important to choose your coverage level before you make any other decisions.

Does ROP Fit Your Budget

Everything is relative, and an ROP term life insurance policy is not nearly as expensive as whole life policies. However, they are usually about twice the cost of regular term life insurance policies. It’s important to remember that traditional policies do not give you a refund of your money if you don’t need the policy.

You need to decide if you would rather save money now or spend a little more money now and have a massive refund coming to you when the term ends.

The Benefits of ROP Term Life Insurance

There are now more options than ever before for term life insurance. In the past, insurance was purchased for a set term and it expired at the end of that term. If you outlived the insurance, then the policy premiums became profit for the insurance company.

However, there is a better option. One of the best term life insurance choices is the Return of Premium, or ROP term life insurance.

Before deciding on the best cheap term life insurance for you, it’s important to understand the difference between ROP term life insurance and Whole life insurance policies.

Permanent and Temporary Life Insurance

Whole life insurance policies are made to be permanent, but there comes a point when you don’t need a large insurance policy.

Once the mortgage is paid off, the kids are out of school and your debts are eliminated, you don’t need a huge insurance policy. This is why the best term life insurance is still temporary. ROP term life insurance plans are still temporary, and that makes them more affordable than whole life insurance.

How do the Companies Manage This?

You may be wondering how a company can refund all the premiums for even a cheap term life insurance policy. They still have employees to pay and overhead to cover, so how are they making any profit if everyone who outlives their term life insurance policy gets a refund.

The fact is that they charge higher premiums through the course of the term. They then invest the money they are collecting and will earn a healthy return on those funds.

The return is theirs to keep, and you still get your premiums returned. This is why it’s one of the best term life insurance plans available.

Best Term Life Insurance

This represents a win for everybody involved. Some will say that you are essentially giving your insurance an interest-free loan with your cheap term life insurance payments, but you still benefit.

If you die during the term, then your family will receive the insurance benefit. If you outlive the term, then you will receive a lump-sum payment that can be used to pad your retirement accounts.

The refund is tax-free, and you can use it in whatever way you see fit.

When you are in the market for best term life insurance, consider going for a return of premium plan to enjoy the best term life insurance available. The cost is higher than traditional policies, but you are guaranteed to get your premiums back at the end of the term. It’s still more affordable than whole life insurance , so it’s something to consider if you are in the market for cheap term life insurance.

Get the Right Coverage

Whether you choose ROP or regular term life insurance policies, make sure you have the coverage you need. It should be large enough to protect your family financially, and the term should be long enough to protect you until the children graduate from college.

You need to find a plan that fits your budget, so it’s also important to shop around.

An ROP term life insurance policy gives you the best of both worlds. It is an affordable life insurance policy that provides for your family financially in the event of your death, but it’s also a form of savings. If you never use the policy, you will have a tax-free lump-sum refund to enjoy.

When you are preparing to invest in life insurance, these policies are definitely worth looking at.

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The Importance of Long-Term Care Insurance

long-term care insurance

Long-Term Care Insurance  

Your estate and family are protected from the incredible cost associated with senior care.

Nursing Homes are Pricey

Nursing homes are extremely expensive, and it may shock you to learn how expensive the care is. MetLife reports that the average monthly rate for assisted living in 2012 is more than $3,000 a month. The average cost of a month in a nursing home is more than $7,000 a month, and average hourly rate for home nursing care is $21 an hour. How long would it take to deplete your estate at those high rates?

Medicaid has a Five-Year Look Back Period

Medicaid is a means-based assistance program, and you must be essentially destitute before they will pay for your care. In the past, people simply dispersed their estates early by giving everything to their heirs. However, Medicaid has caught on to this and has taken steps to avoid this kind of activity. They now have a five-year look back period for gifts, bequeaths and property transfers. Any property given away or gifts made during the five years prior to applying for Medicaid will have to be repaid by your heirs in full.

The beauty of long-term care insurance is that it ensures that you will have the funds you need to pay for your own care. When you first realize that you need more medical care, you can disperse your estate however you see fit without worrying about penalties from Medicaid.

Long-Term Care Insurance: More Options for Level of Care

If you run out of money and cannot get Medicaid yet because of the look back period, your family will have to make some hard choices regarding your care. With only your limited income from Social Security or retirement programs, your family may be forced to try caring for you themselves. When you have long-term care insurance, there are more options available for care. If a family member is caring for you, they can be paid for their time. You can have home health aides provide you with the assistance you need, or you can choose a private room rather than a semi-private one.

Long-term care insurance is starting to expand and more plans are appearing. Shared care products let married couples take out connected plans that allow for a transfer of benefits. Hybrid plans feature riders for long-term care that converts into an additional life insurance benefit if not used. Don’t put the burden of your care on your children, and don’t let your estate that you have worked so hard for be reduced to ashes by the high cost of senior care.

Long Term Care Rider01

Protect your family and your estate with long-term care insurance. To learn about the options, speak with a licensed agent today!

Your Best Choice For Term Life Insurance

term life insurance

It’s often said that there are only two certain things in life, and those are death and taxes. You are forced to deal with the taxes every year when you file a federal return, but you also need to consider the possibility of your death.

Even if you are young and healthy, there is always the chance that you could perish in an accident.

What would your family do without you? Would they have enough money to keep the house? Would your children still be able to go to college? If you are an at-home parent, would your spouse have enough money coming in to cover the high cost of daycare? With a term life insurance policy, you can trust that the answer to all of these questions would be a definite yes.

Affordable and More than Adequate

Term life insurance policy is issued for a period of 10, 15, 20, 25 or 30 years.

The rates remain stable during that time, and you can get large coverage levels(up to 30 times your income) to ensure that your family is protected financially. The premiums are affordable because the policy will expire, so you can find a policy to fit every budget. However, you will need to shop around to find the best rates.

What Your Term Life Insurance Policy Should Cover

Basic term life insurance will protect your family today and down the road. The policy should feature mortgage protection, the financial security and plan for retirement savings. It encompasses estate planning and wealth management to ensure that your family has the coverage they need.

Review Different Plans

Each company has unique plans with different terms and conditions. It’s important to read the fine print of any plan and make sure you understand how it works.

Look at the exclusions to make sure your policy covers you in the event of any cause of death and not just certain types of accidents.

Check to see if there are lengthy waiting periods before a policy will actually pay benefits. Having all of this information in hand will help you choose the right plan.

Term life insurance is all about having peace of mind. When you stop for a moment to ask yourself what your family would do, you will know that they are covered. Be sure to invest in a policy that covers both their immediate concerns after your death and their financial needs as time goes on. However, it’s also important to shop around to find the best plans and premiums for your unique needs.

Compare term life insurance deals from top providers near you, call us today at 1-888-773-1181.

The Convenience of No Exam Life Insurance

no exam life insurance policy

No Exam Life Insurance Policies

Americans are busier than ever before, and you may be struggling with the items you already have on your schedule. You have deadlines to meet, extra-curricular activities and important meetings to attend. You really don’t have time to meet with a medical professional to go through a medical exam for life insurance. Fortunately, you can choose a no exam life insurance policy to get the coverage you need without sitting through a medical exam.

No Exam Life Insurance – No Waiting Period

If you want life insurance coverage without a long wait, then no-exam policies are the best choice. There is no long waiting period, so you won’t have to wait a month or longer to get the coverage you need. The application process is fast, so you can enjoy coverage in as little as 24 hours.

Change in Premiums

The life insurance company will review the questionnaire and confirm the information provided by looking at your medical records. If they discover that you misrepresented information about your medical history, they will have the option of declining the policy or raising your premiums. Avoid this problem by answering all medical and lifestyle questions honestly on the questionnaire.

It’s also important to note that the premiums for no exam life insurance are generally higher than the premiums for traditional policies. This is because the insurer carries a slightly higher risk when they fore-go the medical exam.

When you are ready to purchase life insurance and don’t have time for a health exam, consider investing in a no exam life insurance Offered by major insurance carriers, plans are affordable and will allow you to avoid a long waiting period for coverage.no exam life insurance

Talk to your insurance agent to see how much coverage you can qualify for with these affordable and convenient plans.

Save Time! No Medical Exam Life Insurance Policy

No Medical Exam Life Insurance Policy

If you are ready to buy a life insurance policy, you will have questions about how the process works. Here is what you can expect when it is time to make this important investment in your future. Understanding how the process works can help you choose the right policy for your needs.

Where to?

Should you apply for no medical exam life insurance or exam required life insurance?

The biggest determining factor is how much coverage do you need and what type of policy do you want? If you need life insurance in excess of $350,000 and want a permanent policy, you will need to complete an exam.

If you want $350,000 / 30 year term or less, or are comfortable with a permanent policy of $100,000 or less, you can opt for the no medical exam life insurance policy.

What happens for life insurance that requires an exam

A medical professional will come out to your home or office to conduct the exam. You may be asked to fast before the exam for accurate blood test results. The professional will generally confirm your height, weight and blood pressure. The nurse may also take blood for analysis and a urine sample. The insurance provider may also as for an EKG, stress test and chest X-rays based on your medical history and the coverage you are seeking.

How to Avoid the Life Insurance Medical Exam

no medical exam life insurance policy

no medical exam life insurance policy allows you to skip the exam and still enjoy life insurance coverage. You will complete a questionnaire regarding your medical history. Complete honesty is necessary with this application because the insurance provider will review your medical history.If you are interested in life insurance but don’t want to sit through the health exam, a no medical exam life insurance policy is the right choice. Readily available from top insurance companies, these policies will also go into effect more quickly to provide you with the coverage you need. However, your policy will be revoked or the premium levels increased if the company discovers that you misrepresented your medical history on the application.

If you have any questions or would like quotes for a no medical exam life insurance policy, please call Josh Docktor, an Independent Insurance Agent with Docktor’s Insurance at 1-888-773-1181.

Types of Annuities

Choosing the Right Types of Annuities for Your Retirement

types of annuities

Annuities are an effective way to ensure you will receive a steady cash flow during your retirement. An important part of your portfolio, annuities are available in fixed or variable options. Regardless of the type of annuity you choose, it’s important to shop around for the best rates when you make the initial investment. While all types of annuities are a safe investment that can supplement your retirement income, they do offer different features.

The Common Threads Between Annuities

All types of Annuities are an investment. You make a lump-sum payment to purchase the annuity, and you will receive regular payments later in life when you need your retirement income supplemented. Most annuities are deferred, but you can choose to invest in immediate annuities that will begin sending you payments within 30 days of purchase. All types of annuities feature some nice tax advantages.

The initial investment is not taxed, and the investment enjoys a tax-deferred status. When it’s time to start withdrawing funds, you will not be taxed on your initial investment, but you will pay taxes at your regular income tax rate on the earnings. The investment terms dictate the rates. Rates take into account if the annuity will support only a single person or a couple. Some types of annuities end with the death of the recipient while other continue for the heirs or a spouse, and that will impact the rates.

Look at the different options before choosing one of types of annuities that’s right for your particular situation. Investors appreciate annuities because they carry minimal risk to the investor. If the annuities gain money, you will benefit from the gains. However, if the annuity investment options lose money, the investment company will absorb the loss to protect you.

While all types of annuities are a safe investment, some have more attractive features than others. When doing your research, make sure you only consider options from insurance companies with a strong financial rating, or “A” rating.

Fixed annuities

When markets are volatile, fixed annuities provide you with valuable peace of mind. Fixed annuities protect your investments against future losses, and you will accumulate savings that are tax deferred to help you save money now and in the future. Interest rates are guaranteed so you can be confident that your investment will grow, and you have easy access to the funds. Unlike other retirement vehicles, fixed annuities provide you with penalty-free options for withdrawing funds in the event that you need access to your money.

Variable annuities

Another deferred investment vehicle, variable annuities provide you with investment options that are professionally managed to ensure high returns. A guaranteed death benefit for beneficiaries ensures that your loved ones are provided for in the event of your death. Providing you with an opportunity to invest in a tax-deferred vehicle, you can pay an additional fee to have optional living benefits that will protect your retirement income.

Equity-indexed Annuities

Offering some tangible benefits, equity-indexed annuities are a fantastic choice for boosting your retirement income. They have the important protection against principal loss, so you won’t lose money even if the index goes through a drop. More importantly, this type of annuity comes with an annual reset option. With this tool, you have the opportunity to lock in gains each year when the index is earning revenue. There are minimal management fees, and the income is guaranteed for life if you invest in a guarantee income rider.

Retirees are often concerned that they will outlive their savings and wind up destitute and struggling to buy groceries. There was a time when you could comfortably live on Social Security income if it was invested, but you need more than Social Security can provide you with. With equity-indexed annuities, you won’t have to worry about running out of funds or losing money through investments.

Immediate annuities

Also referred to as DIY pensions, this is one of the most popular types of annuities for retirees who are losing their pensions. When you invest in these programs, you are essentially buying a monthly pension check. After making a lump sum payment to the investment company, they will provide you with monthly payments. The first payment usually starts within 30 days of the payment. This simple plan features a steady payment that continues for the rest of your life. A financially secure program with very low risks, they are also tax efficient because you can fund them with tax-deferred vehicles. You will then only pay taxes on the checks you receive throughout the year.

Annuities can become one of the most attractive components of your retirement portfolio. Choose the right annuity program for your needs by talking with an experienced insurance agent. All types of annuities are safe investment vehicles that will protect your retirement savings and provide you with important tax benefits.

Speak with a knowledgeable agent to learn about types of annuities, immediate annuities, fixed annuities and variable annuities. We can help you choose the right annuity for your needs.

Contact Josh Docktor, an Independent Insurance Agent with Docktor’s Insurance at 1-888-773-1181

Indexed Universal Life Insurance

Reasons to supplement your retirement with Indexed Universal Life Insurance

Indexed Universal Life

The beauty of life insurance is that it gives you peace of mind to know that your family is protected financially in the event of your untimely death. Indexed universal life insurance policies take it one step further by also providing you with an attractive supplement to your retirement income.

The sales of this product are growing steadily as people discover how attractive the returns are. If you have been looking for a way to supplement your retirement income when the time comes, here are eight reasons to consider indexed universal plans.

01Positive Returns are Always Attractive

Most investments come with risks, and people who were heavily vested in equity, bond and real estate markets over the last decade have realized exactly what those risks entail. With declining portfolio values, people are excited at the prospect of a product that will not decline in value.

You are protected from declining values, so you can rest assured that the product will never become a frustrating loss. This makes indexed universal life insurance more attractive than most other investment options.

02Carriers Cover the Investment Risk

Unlike other investments where you carry the risk, the carriers of indexed universal life insurance plans absorb the risk for you. Bonds and index options are chosen for their stability and proven performance.

If something unexpected happens and a bond defaults, the carrier will bear the loss to protect the customers. Investors who are looking for a safe investment with attractive returns will appreciate this feature.

03The Excitement of High Returns Remains

With normal investments, the party that carries the risk also benefits from any rewards.

Consumers have long dreamed of a program where they can avoid the risk while still reaping the gains. Indexed universal life insurance provides them with that program. An index that performs well over a set period will pay the consumer with interest credits.

Unlike a regular savings account that has zero risk but is matched with low returns, this is one program that allows you to enjoy higher returns while also eliminating your personal risk.

04Life Insurance Included

You need life insurance, but you want to invest in a plan that best suits your financial needs. With indexed universal life insurance plans, you will enjoy all the benefits of life insurance with a plan that also supplements your retirement income.

A solid investment, it can become a vital part of your portfolio.

05Tax-Free Income in Retirement

With IRAs and 401(k) plans, your tax bill is minimized by taxing the income when you are at a lower bracket. However, you don’t have to pay income at all with indexed universal life insurance coverage.

A tax-free cash flow when you retire, it is exempt from the alternative minimum tax, federal, state and even local income taxes. This makes it a very attractive option for anyone who is in a higher tax bracket and hoping to minimize or even eliminate those expenses.

06Insurance for the Rest of Your Life

An unexpected benefit of indexed universal life insurance plans is the ability to stop making insurance payments while still enjoying insurance coverage.

You can maintain valuable life insurance coverage even after you have started receiving cash payments. Talk to your agent about receiving insurance for the rest of life without paying extra money on the contract.

07Guaranteed Return of Premium

While you hope that your family will never have to file a claim on your term insurance policy, you will appreciate knowing the policy is there.

The money is never wasted because it provides your family with an important safety net, but wouldn’t it be better if you could get those premiums back? With indexed universal life, you actually get your premium returned to you.

Talk to your agent about creating a scenario where your guaranteed cash value is equal to the premiums you would pay after a set period of time to assure yourself that the program is completely safe.

08 Make the Product Work for You – Indexed Universal Life Insurance Policies

The interest crediting on index universal life insurance products is typically higher than on other index annuity options.

The insurance companies can do this because their secondary profit source comes from the spread between actual mortality charges and expected mortality levels. This mortality spread generates a fair amount of profit, and you can put that to work for you.

Ideally, you should minimize your insurance levels relative to your monthly premium to get the best deal and effectively have your insurance coverage subsidized by other customers who are maximizing their insurance coverage levels.

There are many benefits to investing in indexed universal life policies, and it can be the answer you have searched for. Once you decide that this is the right choice for you, it’s important to find the right plan and coverage levels for your needs and budget.

Work with an experienced agent who is dedicated to your satisfaction and finding the right program for you.

Interested in Indexed Universal Life Insurance policies? Contact Josh Docktor, and Independent Insurance Agent with Docktor’s Insurance today, 1-888-773-1181

No Medical Exam Life Insurance Policies

How Premiums are Determined for No Medical Exam Life Insurance Policies

no medical exam life insuranceThere are many reasons to look for no medical exam life insurance. You may be too busy to schedule an exam, or it may be that you just don’t want to sit through an exam. The good news is that you can get the insurance you need without going through a lengthy exam. Here is the information you should know about how the insurance company will determine your rates without an exam.

Life Insurance without Physical Exam

Age, Gender, Height, Weight, Tobacco Use

Women typically live longer than men, so they usually get slightly lower rates. Age also plays an important role as the cost of insurance rises as you age. With a direct correlation between obesity and morbidity rates, insurance companies will naturally want to know your height and weight. They will also ask if you are a smoker and how many cigarettes you smoke a day. It’s important that you answer these questions honestly because the insurance company can and will verify information with your doctor.

  • Coverage Levels

The more coverage you purchase with no medical exam life insurance, the higher your premiums will be. Life insurance usually comes in blocks of $5,000 to $50,000 (depending on the company and your age), and you will be quoted higher premiums in accordance with the coverage level you choose.

  • Terminal Illnesses

It’s important to remember that insurance companies will look at your medical records even if you choose a life insurance with no medical exam. If you have been diagnosed with cancer, HIV, diabetes or another serious medical condition, you will not be able to hide this information from the insurance company.

  • Length of Term

Premiums remain stable throughout the term of your policy. Longer terms typically come with lower rates so they are a very attractive option if you are working with a tight budget. The longer terms also provide you with more coverage to give you the peace of mind you need.

If you want the convenience of a no medical exam life insurance policy, then you may be concerned about the cost of the policies. They are actually more affordable than you think. The company will still review your medical records, so it’s in your best interests to tell the truth when filling out your application.

no medical exam life insurance policiesWhether you just want enough insurance coverage to pay for your final burial expenses, or you want a larger policy to take care of your family financially, a no medical exam life insurance policy could be the right choice for you.

Please request a phone call above or call Josh Docktor today for free advice | Life Insurance without Physical Exam is Possible! 1-888-773.1181

How the Price of Family Health Insurance is Changing

Family Health Insurance family health insurance

The annual Cost and Benefits of Individual and Family Health Insurance report for the year ending 2012 has been released, and it has some fascinating information. While cost increases in premiums are leveling, the average amount paid for family plans are actually decreasing. Uncover the important information in this report so you can know what to expect from family health insurance and individual health insurance in the coming year.

Variances between Family Health Insurance Plans and Individual Plans 

In 2012, the cost of family health insurance plans dropped 0.5-percent to $412 per month. Individual plans, however, saw a 3.8-percent increase to $190 per month. This disparity between family health insurance and individual health insurance is interesting because it marks the first time in seven years that there has been a decrease in any health care coverage. This is particularly exciting news for people who are investing in family insurance policies.

Other Interesting Facts 

According to this report, the cost of deductibles for family health insurance and individual health insurance has risen since 2011. There was a 4.9-percent increase for individual policies and a 5.1-percent increase for family plans. More than 17.8-percent of the insurance plans were HSA eligible, and almost all plans selected included lab and emergency room coverage.

People investing in family health insurance and individual health insurance also overwhelmingly chose plans that included extra features. The features most important to members were OB/GYN benefits, selected by 90.5-percent of customers, prescription drug benefits were selected by 88.1-percent, periodic exams selected by 88-percent of customers and 87.1-percent want plans with well-baby coverage.

The slight drop in the cost of family health care plans and the low rise for individual plans is encouraging news for people who are investing in private health care insurance. You no longer have to go through an employer. With private coverage, you can take it with you if you change jobs, and it’s also the best choice for small business owners and independent contractors.

Visit DocktorsInsurance.com to review the details and prices for plans in your area. DocktorsInsurance.com is an online insurance broker operated by Josh Docktor , an independent insurance agent with more than seven years of experience.

individual health insuranceSpeak with an expert about family health insurance or individual health insurance and get free quotes today! 1-888-773-1181

 

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