The insured receives guaranteed death benefit, no matter how he died, whether by illness, old age or accident; the beneficiary will receive the proceeds after the death certificate of the insured is issued.
Archive for June, 2008
Whole Life Insurance
Jun 29
Term insurance plans are even able to be renewed, providing individuals with a more long term plan and solution to their life needs. These policies can be in effect for anywhere from one to thirty years.
Smoking Affecting Rates.
Jun 17
Typically an occasional celebratory cigar user 1-2 per month can still qualify for preferred rates. Tobacco usage has always been a risk factor in the underwriting of life insurance. However, based on current information, the true occasional cigar smoker has shown little if any true excess mortality.
Smokers Life Insurance
Jun 17
One interesting fact is that some Insurance carriers distinguish between cigarette smokers and those who use tobacco products such as pipes, cigars, chewing tobacco, nicorette gum and nicorette patches as many of these users can still qualify for non tobacco rates with a few select carriers if otherwise medically qualified.
No Exam Life Insurance
Jun 11
Companies focus on health for good reason. They want their customers living long, prosperous lives. This benefits both parties. For the insured, the longer that you stay insured, the longer you can be protected by your policy. For the insurer, the longer the insured pays for insurance, the more money the company accumulates.