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Elevated Liver Function Tests May now get Super Preferred Rates!
Make no mistake...2010 is the year to wheel and deal if you have had elevated liver function test results!
This morning I received an email from one of the better known life insurance companies in the industry. They released some new and improved underwriting guidelines for elevated liver function tests.
Many times, the first time that the insured hears about elevated liver function tests is when their paramed exam results come back and their life insurance company postpones or declines them. Liver function tests are extremely sensitive and many things will elevate them temporarily even if there is no real problem.
The approach that this particular company has taken is definitely aimed at capturing this market and I think it will be great for consumers in 2010.
Take a look at our Elevated Liver Function Underwriting Guidelines for more details.
150,000 Seniors in Revolt - January 2010
There was an article today about AARP losing close to 150,000 members recently.
A number of former AARP members commented that AARP has in effect become an insurance broker, reportedly earning more money by promoting insurance products than they earn from AARP memberships.
Even more amazing was the amount of revenue from aarp insurance sponsorship - $650,000,000!
That's $650 Million dollars in revenue....Wow!
I started thinking about the aarp life insurance program that is available and wondered how much of the $650 Million comes from life insurance sales to seniors? We are very familiar with the aarp life insurance program and have provided many life insurance quotes for seniors, comparing independent life insurance companies to the aarp life insurance program....and guess what?
Most of the time, the seniors life insurance policies we have available compare very favorably to their progam, and may even be less expensive or may offer more coverage for the same amount.
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Heart Bypass Surgery - The Thanksgiving Special - November 2009
Have you had Heart Bypass surgery and need life insurance? Now may be a good time to start looking for that life insurance....Or if you have a life insurance policy already, you may be able to improve the coverage, decrease the price, etc... It pays to shop.
This has been a brutal year for life insurance companies. Many have lost a fortune, stock prices declined, and underwriting standards tightened up in the beginning of 2009. As we move into the last month of the year, life insurance companies are finally waking up, especially the impaired risk life insurance companies that underwrite issues such as heart bypass.
A recent trend that we have noticed with health impairments such as prostate cancer, diabetes, and especially heart bypass life insurance cases is that life insurance underwriters are more willing to negotiate a better underwriting offer than they were even three months ago.
We shop out to multiple impaired risk life insurance companies. When we receive underwriting feedback, we take the underwriting feedback and go to the next life insurance company looking for better deals. We work for you, not the insurance companies.
The benefit to you is that you may be able to get a better rate for your life insurance if you have had heart bypass surgery. Table ratings are very common for heart bypass cases...each table rating typically represents a 25% increase in your price. If we can knock off one table with our methods, we will save you a lot of money.
Click here for a Heart Bypass Life Insurance Quote
Social Support Networks Positively Impact Life Insurance Rates for Bipolar Disorder 1 and Bipolar Disorder 2 - November 2009
I read an article today written by the chief underwriter of one of the most recognized life insurance companies in the industry. In the article, he discussed Bipolar Disorder 1 and Bipolar Disorder 2 as well as the difficulties life insurance underwriters face when underwriting individuals with Bipolar Disorder 1 or Bipolar Disorder 2.
The chief underwriter indicated that one of the major challenges in underwriting bipolar disorder life insurance is the lack of compliance with the medication treatment plans prescribed by physicians....which leads me to my first point. If you have bipolar disorder and need life insurance, we are able to help many individuals. If your doctor has notes in your medical file indicating that you are not following your medication plan, it makes it more difficult and more expensive for you to get life insurance. You need to be compliant with your medication plan, and if that plan changes, make sure that your physician has updated the notes in your medical records to ensure that the records are accurate.
Secondly, the chief underwriter indicated that a "good social support system is paramount in the recovery process". I absolutely agree with this, but you may be wondering "how is the underwriter going to know what my social support system is like???" This is where we can help you.
We take the time to learn about you, your personal support system, work support system and put together a cover letter about you. In this letter, our job is to make the life insurance underwriter aware of the positive steps you have taken, whether it is a supportive family, spouse, company, etc.. We bring a pile of paper to life by describing who you, why you need coverage, the steps you have taken to put yourself in the best possible position, etc.
When a life insurance underwriter sees this cover letter, it answers the questions before the underwriter has to ask. Let us help you get the life insurance you need. Click here for our bipolar disorder underwriting section.
Breast Cancer Life Insurance Underwriting - (Takes you to our breast cancer section regarding life insurance if you have had breast cancer.)
You may have read the announcement by Hartford Life Insurance that they were improving their underwriting guidelines for breast cancer survivors. You can find the full article on The Hartfords website, below is the jist of it. My initial thought is that this will be a good thing as most stage 1 cancers are charged the standard rate plus an additional 50-100%, plus an additional $7.50 -$10.00 per every thousand dollars of coverage.
Under The Hartford's new life insurance underwriting guidelines, individual life insurance policies are available at standard rates to women who have been treated for the first time for small (1 centimeter or less), well differentiated, localized Stage 1 breast cancer and have a strong prognosis for survival based on the results of common tests.
The Hartford's innovative life insurance underwriting guidelines for breast cancer are in effect for variable universal life, universal life, whole life and term life insurance policies issued by Hartford Life Insurance Co. and Hartford Life and Annuity Insurance Co., subsidiaries of The Hartford.
"Because the outlook for those with breast cancer is so much better today than in the past, The Hartford became convinced that we could also do better in underwriting people with breast cancer," said Dr. Ann Hoven, chief medical officer for The Hartford's Individual Life Division.
"The Hartford based its new underwriting criteria for breast cancer on past experience as well as expectations of continued improvements. We wanted to take a forward-looking approach and make a difference with our actions, call attention to the importance of early detection and enhanced treatment."
Up to 15 percent of those treated for Stage 1 breast cancer in the past five years - more than 100,000 women - would be eligible for life insurance policies at standard rates, Hoven said. Other applicants may continue to buy life insurance but at higher rates.
Prostate Cancer Survivors Life Insurance Updates - 2009
Prostate Cancer Survivors Life Insurance Underwriting (Takes you to our prostate cancer section regarding life insurance if you have had prostate cancer.)
In the past, if you had a history of prostate cancer, life insurance companies would decline you for coverage or make it so expensive that it was not worth purchasing. The good news is that life insurance companies are now available that will offer you life insurance at competitive rates! The bad news is that if you don't get to the right life insurance company, you will pay too much for your life insurance!!! Let us help you get the life insurance you need at the best possible rate.
Prostate Cancer Survivors Life Insurance Update: - November 2009
Prostate Cancer Survivors Life Insurance Quotes
We receive life insurance underwriting updates all the time. Today, one came in from one of the most recognized life insurance companies in the world.
We've noticed that this life insurance company has come out with some more aggressive updates to their underwriting over the past 18 months, specifically for cancer history life insurance cases.
This update happened to be about prostate cancer survivors life insurance which is one of our top specialties.
This life insurance company has revised their underwriting guidelines 3 times in the past 18 months in order to become more aggressive with prostate cancer life insurance offers...Thats' good, they are getting there.
This life insurance company may consider you for preferred life insurance rates if your Gleason Score was 7 or less and it has been at least 5 years since you had a radical prostatectomy.
We have another company that will consider you for preferred life insurance rates 1 year after a radical prostatectomy...if your Gleason Score was 6 or less.
So, what does this mean for you???
It is always a good thing when another company enters the impaired risk life insurance business, especially when it is for prostate cancer survivors life insurance. It gives us more companies to go to, creates competition amongst life insurance companies, and ultimately you the consumer can expect to receive more aggressive life insurance underwriting offers.
The bottom line....Every prostate cancer history is different. We work with both life insurance companies and will go to these companies as well as others in order to obtain the most competitive life insurance rates for you. Let us help you.
Prostate Cancer Survivors Life Insurance Quotes.
Life Insurance Articles & Resources
Use the following articles and resources to learn more about protecting your assets and income with the right life insurance plan for your unique needs
Articles
LifeInuranceAdvisors.com president Michael Horbal is featured in an article about successful referral networking in the insurance industry.more>
In the News:
Looking for Answers?
LifeInsuranceAdvisors.com can help. We frequently provide answers on http://answers.yahoo.com/ to consumers needing questions answered about their life insurance. We are chosen as the best answer in many cases. See for yourself:
- Is Life Insurance Underrated?
- What do I need to do to get the death benefits?
- What is variable life insurance?
- How do I buy life insurance in the U.S if I am a citizen of another country?
- What are most insurance company's body weight measurement requirements?
- What are your thoughts on selling insurance to friends & family?
- What is a fair way to pay my insurance staff?
- How can I find out if my deceased parent had life insurance?
- Is there a maximum amount of coverage allowed by law?
- How do I find out the truth about a life insurance policy after the insured dies?
- Is it hard to setup a trust for my life insurance policy?
- Are life insurance proceeds taxable?
- What is an equity indexed life insurance policy?
- Can I get life insurance with a pre-existing medical condition?
How Life Insurance Underwriting Works:
Life Insurance companies want to know the following information in order to determine your life insurance rate:
- How old were you when diagnosed with prostate cancer?
- What date was prostate cancer diagnosed?
- What was the stage of the cancer?
- What was the Gleason score?
- What was the pre-treatment PSA level?
- How was your cancer treated? By surgery, radiation, seed implants, etc?
- What is post treatment PSA level?
- Has there been any recurrence?
- Do you have any other medical conditions?
Based on the answers to the above, life insurance companies will make offers of insurance to you or decline to cover you.
Complete our Prostate Cancer Survivors Life Insurance questionnaire today for an accurate life insurance quote.
Life Insurance Underwriting Varies by Company:
Each life insurance company has its own underwriting guidelines and philosophy. There are some life insurance companies out there that will have no interest in underwriting you, OR they will underwrite you with a very expensive rate. The good news is that there are life insurance companies that specialize in underwriting prostate cancer history. They have an excellent understanding of prostate cancer and will make more aggressive offers to you depending on the above answers. We know which impaired risk life insurance companies to go to in order to get you the best rates based on your individual health.
A Sample Case:
Male age 65: Looking for $500,000 of 10 year term insurance
Diagnosed at age 62 with prostate cancer: Stage 2 prostate cancer, Gleason grade 5, pretreatment PSA level was 18, no current detectable psa level. Prostate cancer was treated with radical prostatectomy.
On a case like this, we send the information out to a number of insurance companies for offers:
Company A = Table 2 offer = $5810 per year.
Company B = Standard + = $5890 per year.
Company C = Preferred = $4075 per year. This company specializes in underwriting prostate cancer history.
Getting to the right company can make the difference! At LifeInsuranceAdvisors.com we understand underwriting and know which companies to go to based on your medical history.
Take a moment to complete our prostate cancer survivors life insurance request or Give us a call today at toll free (800) 909-2040 for a free no pressure, no obligation comparison. We'll give you the information you need to make an informed decision about your life insurance.
Underwriting Life Insurance for people with Diabetes
Diabetes is one of the most common health issues we encounter for life insurance.
Did you know that rates can vary by life insurance carrier by as much as 50% or more!
It's true! There are life insurance companies available that have a thorough understanding of diabetes. These life insurance companies know the true risk and underwrite accordingly. Some of these life insurance companies use a clinical underwriting approach. Other companies will simply double your rate.
What do diabetes life insurance companies look for?
Control - Do you have good control of your diabetes?
Compliance - Are you following doctors orders? Eating the right foods, maintaing a healthy weight, eating the right foods?
Complete Medical Information - Do you have thorough medical records? Have you been going to the doctor for checkups or do you skip appointments and only have sporadic records?
Most life insurance companies will take the "standard" rate they offer consumers and charge a Table Rating, a table 2 rate, which means 50% more than the standard rate. Table ratings for life insurance can be expensive and unnecessary.
If you have good control, you end up paying 50% more in order to subsidize rates for individuals with poor control!!
Does that seem fair to you?
It is possible to get "standard" rates with some of the life insurance companies if you know who to go to. We know which life insurance companies will offer you the most competitive life insurance rates based on your diabetes information. Let us help you get the life insurance you need.
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Seven Myths Surrounding Life Insurance
When it comes to life insurance, even smart shoppers can get tripped up by myths and misperceptions.
Unfortunately, any mistake you make when buying a life insurance
policy can have long-lasting consequences. And if your family is not
provided for the way you intended, you won't be around to fix it. more>
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New alternative to term life insurance
If you like the idea of low cost life insurance, but dislike not having anything to show for it at the end of the term, there's an alternative now available. It's called a "Return of Premium" term policy. It's a little more expensive but far less expensive than a whole life policy.
Here's how it works: You choose a term length of 15, 20 or 30 years. At the end of the term, the insurance company will refund you 100 percent of all premiums paid into the policy.
As an example, if your policy was a 20-year term at $1,500 per year, at the end of year 20, you would receive a refund equal to $30,000. more>
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Fund College With Life Insurance?
By Trevor Thomas
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Press Releases
PARK RIDGE, IL (PRWEB) April 17, 2004 -- Outstanding product knowledge and client service have enabled Michael J. Horbal, of LifeInsuranceAdvisors.com, LLC in Newtown, Pennsylvania, to earn membership in the prestigious Million Dollar Round Table (MDRT). Horbal, is a 1-year MDRT member. more>
Member - Genworth Financial Producer Panel
Michael J Horbal has been a member of the Genworth Life Insurance Company's Producer Panel, providing direct feedback to Genworth Financial regarding Genworth Financial's product features,marketing, and more.
Achieving membership in MDRT is a distinguishing career milestone,
attained only by those who have demonstrated exceptional professional
knowledge, expertise and client service. more>
Life Insurance Advisors Press Room
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If You have health issues, it is important that we know about those health issues in order to provide you with the most accurate term life insurance quotes possible. You will find more information here about health issues such as:
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