Life insurance can be difficult. Life insurance can be challenging. Often times it is tough to know what is the right kind and time to buy. Despite these challenges, it’s important to constantly have life insurance reviews.
It’s hard to really know if you really bought enough and sometimes it’s hard to even know if you should have any at all.
The insurance industry has made it much more difficult to understand what kind of life insurance is right for you by creating several confusing names; guaranteed whole life, universal life, term life, index universal life.
Find Life Insurance as A Type 1 Diabetic
If you have Type 1 Diabetes and are looking for life insurance, it’s important that you follow a few important guidelines to get the best premiums and most coverage. By following a few basic steps you can make sure that you are not only as healthy as possible, but you will also have many more options when it comes to life insurance providers.
In recent years there have been a number of companies that specialize in providing life insurance for people with diabetes and other chronic conditions. But even then, having a good handle on your healthcare, carefully following your doctors orders are an important part of getting affordable premiums that fit into your budget.
Potential insurers will look at your medical history, and will usually have a diabetes specialist on hand to analyse you health and risk factors. Because of this staying within your healthy weight range, following protocols put in place by your doctor and tracking your blood sugar levels regularly are essential to the process.
The reason many providers are cautious about insuring diabetics is due to the many health complications that can arise due to ignoring and mismanaging your health. These include heart problems, seizures, liver failure, kidney failure and coma. So, for obvious reasons, if you don’t manage your health care properly, you can expect to have a hard time finding life insurance.
Once you have your diabetes and weight under control, finding coverage is only a matter of shopping around. Expect to pay a bit more than a healthy individual, but, with the proper precautions you will be able to find the right life insurance company that covers individuals with type 1 diabetes. Staying fit and managing your condition carefully are the best steps you can take to save on life insurance.
Should You Get Guaranteed Issue Life Insurance?
For people who have been refused by regular life insurance companies, there’s always the option of getting a guaranteed issue life insurance. Should you get this type of life insurance policy? Only if you’re really desperate.
Just because it is a free-for-all type of insurance where you can get insurance no matter what the state of your health is, it doesn’t mean it’s necessarily better.
A guaranteed issue life insurance policy has more expensive premiums and the benefits aren’t necessarily that great. Policies usually just amount to $50,000 at the most, unlike regular life insurance.
If you’re still healthy and insurable, you should get a regular life insurance, even if it means you getting a health examination. The premiums would be cheaper and the benefits would be greater than $50,000. But even if you’ve been refused by the different insurance companies for regular insurance, you should still persist and ask for a regular insurance quote. You’ll never know when you might find an insurance company that offers regular life insurance.
Insurance premiums are calculated by an actuary, or an accountant. If you persist, you will get something in terms of an insurance company that will give you regular life insurance.
In conclusion, guaranteed issue life insurance is an option but it’s not a terribly good choice for anyone. But if you really have no choice, then go ahead and get a plan.
Having that kind of insurance policy is certainly better than having no life insurance policy at all. At least you will have some form of security if anything happens to you.
Just like any other type of insurance, you shouldn’t just get insurance from the first company you encounter. You should ask for a quote from at least three companies that offer that kind of insurance.
Can You Get Life Insurance With Diabetes?
Diabetes is one of the most common health conditions globally that affects millions of people and is responsible for equally numerous deaths annually. However, knowing how to manage diabetes is what counts most and will define whether an individual survives it or not. Living healthy with diabetes is not as hard contrary to common perception and all that is needed is to consume the right diet as per advised, taking the required medication as per prescribed and some routine exercises regularly.
Unlike the past where getting an insurance policy with diabetes was almost next to impossible, insurance companies have come to terms with the fact that diabetes is not synonymous with death at all. Insurers are now more than willing and ready to offer customized life insurance covers for individuals living with the condition.
It may be a fact that the rates of policies for diabetics may be a little more higher than the average healthy being but so is the smoker’s or alcoholic and even in most cases the obese’s rates. This goes to show that diabetes is a risk factor just like any other lifestyle associated risk in the modern world and insurance companies understand this. In most cases these companies go to the extent of offering subsidized rates to insured diabetic individuals then work closely with medical practitioners to manage the condition for the good of both parties.
To qualify for the standard or subsidized rates, there is a criterion that one must follow and they include;
• Striving to stay healthy by steering off a poor lifestyle such as weight gain or smoking.
• Working closely with health practitioners to control the sugar levels.
• And finally if you do not have any other major illnesses or conditions.
In conclusion, life insurance is indeed an important step to take regardless of whether you have diabetes or not. So if you are one, start shopping around for the best insurance company with reasonable rates.
Life Insurance Is An Inexpensive Family Necessity
Day to day living is expensive! We all have mortgages, utilities bills, car payments, health insurance, and a number of other monthly bills to pay. No one wants to take on still another monthly payment. However, when it comes to life insurance you may want to give it careful consideration.
Life insurance doesn’t have to be expensive — but it can pay your family huge dividends at a very difficult time. No one wants to think about funeral expenses — but they are a part of life. Most families are unable put away thousands of dollars in anticipation of funeral expenses. Sadly, whenever there are funeral bills they are normally preceded by medical bills. Life insurance is an inexpensive alternative. Imagine if you or your spouse died. Not only would your family lose a large portion of their income, they would also be saddled with these extra expenses.
Life insurance can be purchased in amounts sufficient to not only pay funeral expenses but also to replace lost income for many years. Families that do not have life insurance face crushing financial burdens. Life insurance may be what determines if a family gets to stay in their home.
Life insurance does not have to be expensive. An agent can provide you with very reasonable rates for term insurance. You can find a number of life insurance quote tools at InsureNow365.com to help you find a great plan. Payments can often be made monthly without causing a strain on the family budget. Rates are generally based on your age, your health and the amount of coverage you desire.
Taking out a term life insurance policy is an inexpensive way to gain peace of mind. If something should happen to you, can you imagine how difficult it will be for your family? You certainly don’t want to add the additional burden of a financial crisis. Why not look into a term insurance policy for both you and your spouse? Life insurance is an inexpensive necessity!
Saving Money On Life Insurance
Make no mistake; purchasing life insurance is a big deal! It is an important way of ensuring that your family’s financial future is secure in the event you die. However, because you are seeking coverage that replaces your income does not mean you need to pay exorbitant premiums. Here are a few tips to get better rates when applying for life insurance:
There are hundreds of companies offering life insurance policies. This is not a suggestion to skimp on premiums but companies weigh risks differently. Ultimately, lower premiums are offered to those who live a safer lifestyle. For those who have risky occupations, risky hobbies and frequently travel, it is recommended that in your search for the perfect life insurance package you obtain quotes from different companies.
Buy when you’re younger and healthier
The elderly and people with major health problems pay higher premiums. Though you may not need to buy life insurance in your twenties because you have no dependents, you may want to consider it as soon as you do. This is because the younger you are, and healthier you are, the more time the insurer has before your policy is likely to require a pay-out.
Your health is an important consideration to insurance companies. By eating healthier you lower your risk of hypertension, diabetes, cholesterol and other illnesses. Medically underwritten life insurance will take your eating habits into consideration when fixing a premium.
This is another lifestyle factor that insurers will regard as favourable when fixing premiums. Insurers often ask for weight and height as this ratio is an indicator of health. Exercising helps regulate this ratio and is likely to help you obtain a more favourable rate.
Smoking or using other tobacco or nicotine products can drastically affect your health and by extension, the cost of your insurance. Quit using these products at least a year before you buy life insurance.
Avoid Traffic Tickets
Insurance companies will consider your driving records to assess how frequently you are in life threatening situations for example speeding tickets and DWIs. By avoiding traffic infringements and keeping your driving record squeaky clean you lower the amount you are likely to pay for life insurance.
Prep for your Medical Exam
Medical exams taken in the early morning tend to record lower blood pressure and better cholesterol levels. Also fasting for 24 hours prior to the exam also slightly lowers cholesterol levels. Ensure that coming up to the date of the physical examination you take all your medication as prescribed and avoid salty foods, caffeine and alcohol. For the day before the exam, avoid strenuous physical activity and get a good night’s rest.