Life Annuities

Every time I gave advice on how to buy life insurance, I recommended choosing the right amount of coverage; not to small and not to big: just what you and your family needs. However there are ways in which a high amount of coverage can secure both your estate and family's future. Purchasing a million dollar policy can be difficult, as not many agencies are willing to take such a big risk without charging you the proper rates.How to get a 1 million dollar life insurance policy?As you probably know, life insurance rates are influenced by many things, but most importantly by your age and health. A million dollars is a lot of money, so you will need to win the trust of the agency. This means that you need to be relatively young and very healthy. Your job can also influence the rates: a constru...

Asthma is a growing problem not just in the United States but around the globe and as the incidence of asthma increases its beginning to become a growing concern for life insurance companies as well. The major concern becomes one related to asthma-related deaths, especially in adults under the age of 65. Don't be fooled: asthma is a very serious (and possibly deadly) problem for anyone who suffers from it. If you happen to suffer from asthma don't be discouraged from thinking you can't find affordable life insurance. You absolutely can.As with any insurance, it is very important to keep paperwork and/or company name available to your beneficiaries when the time arises. It is as simple as registering on a life insurance database to guarantee this information will never get lost and become a...

It is a real tragedy when someone commits suicide. We feel sorry for the victim and it is devastating for the whole family and friends. If that person had a life insurance policy, his or her beneficiaries will wonder if they are entitled to the benefit. I will do my best to answer that question as detailed as I can.Contestability clause. Life insurance policies have a contestability clause which, usually, is 2 years (for policies that do not need a medical examination, it can be longer). During the period, the agency is not entitled to pay the benefit if the insured dies in any other way except from an accident. If the insured commits suicide within this two year period, the insurance company won't have to pay out the benefit. In some cases, a policy will have a contestability clause that ...

Going for a life insurance service makes it possible for you to ensure protection for your family in terms of finances. This protection is given in the event that you pass away as this is based upon a portion of your income or its totality. But then again, you have to consider that this kind of insurance service is not applicable for everybody. When it comes to buying this kind of personal cover, there are certain factors that may dictate the need for this. The most important among these factors are your dependents.More and more people are buying this type of coverage to make sure that they are leaving their beneficiaries without any problem financially. Once the policyholder passes away, the coverage takes effect and it will benefit the dependents he had declared. The death benefit, or th...

It is difficult to find good life coverage if you have had cancer. Most insurance agencies are worried about the risk associated with cancer and with those who suffered from it. Some will sell overpriced insurance or while others will refuse to cover any ex cancer patients. Although it is not impossible, getting life insurance as a cancer survivor can prove difficult and time-consuming!An insurance company will calculate your mortality risk using medical reports and other information about your disease. They do this by accessing the National Cancer Institute's database which provides information on millions of cancer patients. They can also ask you to offer information about your medical history.It is important to show the company that your condition has improved and that the treatment is ...

In order to attract better employees, some companies offer a life insurance plan. Because it is a group plan, the premiums are cheaper as the rates are not calculated individually. Although this may seem like a good way to get some cheap coverage, it is mostly deceiving. Before buying life insurance from your employer, there are some questions you have to ask. Is it enough? Most employer sponsored life insurance plans have a limited amount. The benefit is usually equal to your annual salary. This can be enough for someone who is living alone and has no dependents, but for someone who has to take care of a family, the coverage will not be enough! What happens when if I leave my workplace? You lose the insurance benefits. This means that your insurance depends solely on whether you keep your...

Insurance companies that sell life insurance policies conduct medical exams to check for the applicants overall state of health. These tests include urine and blood tests to detect the presence of illegal drugs like THC or other prohibited chemicals. The underwriting team of the insurance company would then formulate the life insurance policy based on the readings obtained from the medical tests.Based on the results, they would first assess if the person was eligible to receive insurance. If he or she has been discovered to be suffering from some form of terminal illness, then the insurance company might in all probability deny life insurance to the individual. If the applicant is deemed to be healthy, then the rates of premiums would be set at a lower standard because the heal risks assoc...

Earlier it used to be difficult for seniors to find a life insurance policy that offers substantial coverage with low rates of premiums. Health risks multiply as we get older and insurance companies viewed this as a serious threat. Even elderly people who were healthy had a hard time finding inexpensive life insurance polices. This denied a lot of people the chance to buy themselves a comprehensive insurance package.Over time this attitude changed and the markets have realized the earning potential with this particular age group. Several companies now offer value for money life polices to the elderly who can maintain a decent bill of health. The insurance industry today is also more streamlined which makes polices for seniors more affordable.Benefits of buying life insurance: - Affordable:...

It looks like you are never too young for life insurance! You can buy life coverage for your newborn. This insurance product doesn't work in the traditional way as it is used more as a saving's vehicle for your child. How does it work? It works just like any other life insurance product. Your child receives permanent life coverage. If he or she loses your life, the beneficiary receives a death benefit. Since you buy whole life insurance coverage, the policy will build cash value and the child can withdraw money from the savings account to pay for coverage or in other way he or she wants.It is easy to spot some advantages. Many agencies advertise this type of policy as a savings vehicle. Furthermore, your child will be covered regardless of future diseases and medical conditions. Since the ...

Do you consider your job dangerous? Hazardous to your health? Possibly fatal? You might not think so but it could be. Some jobs are just plain more dangerous than others. Steel workers, roofers, police and first responders, even professional fishermen and farmers work jobs considered to be more dangerous than your ordinary tax accountant. (Although the tax accountant might be more hated.)As with any insurance, it is very important to keep paperwork and/or company name available to your beneficiaries when the time arises. It is as simple as registering on a life insurance database to guarantee this information will never get lost and become a lost life insurance policy.Your insurance is designed to be the protection your dependents and loved ones need after you die, financially if no other ...