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Life Insurance – a protection against life’s uncertainties

March 24, 2011 By

           Nothing in life is more scary than facing the only non-negotiable thing of our life & that is death. To date, death is a certainty. Along with this mortality comes an unpredictable existence and a fear of the unknown. It is unnerving for people to think about the thought of their own death or the death of someone they love. Thus you must be prepared at all times. In today’s life, which is filled with unpredictable & uncertain events, where we are having so many responsibilities to be fulfilled in one life and there are people who are dependent on us for their happiness and comfort, protection of one’s life becomes inevitable because there is nothing more important than your family’s security. We cannot ensure that we will be with them in their time of need, but what we can ensure is that we put together a means for them in times of worry and need.

          It is a natural human tendency that beginning with the dawn of time, we use to protect our belongings. This natural instinct gave rise to the need for protection against most losses, which is how life insurance came about. Life insurance is the only answer to all such erratic & unpredictable events in humans life. Remember, it is not just your life you are insuring, but the lives of your loved ones as well. When we can ensure our homes, cars etc. then why don’t we feel the need to ensure the most important thing and that is Life. In this fast paced, fragile life style with less life span which we have today, insuring life itself has become a necessity especially if you are the sole breadwinner of your family. It is not mandatory; but you cannot afford not to have it ! Insurance helps us in getting protection against the unseen. Thus it may be wise to purchase life insurance so that if something happens, your life insurance policy could serve as a protective shield to those you leave behind. An old adage, “The grace of GOD is like insurance. It will help you in your time of need without any limit” is not just a cliché and is rightly said.

What is Life Insurance?

Life insurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a designated beneficiary a sum of money upon the occurrence of the insured individual’s death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount at regular intervals or in lump sums. Simply putting, it is a way to replace the loss of income that occurs when someone dies. It ensures that your family will receive financial support in your absence. It can be a great way to get protection for now and to plan for the future. After all, we want to make sure that our loved ones are taken care of if we die.

Insurance has turned out to be a very common term in the recent times. You can come across this word wherever you go and which ever magazine or newspaper you read. In fact whenever you hear about insurance, some means of protection & security comes into your mind. It is essentially the means to financially compensate for losses that life throws at people.

Why you need Life Insurance?

Life insurance is one thing that everybody needs to believe about. Parents think about it for their kids, and once you are a grownup, it is some thing that you simply get taught about. Life Insurance is no longer for the privileged or only the elderly. It isn’t just for any one type of person. It is a universal protection for everyone. What life insurance does is provides protection for your loved ones in case of your death. If you have a life insurance policy in location and you pass away, that coverage may grant the cash to the beneficiary with the policy.

Life insurance isn’t for the benefit of the person who is insured, but it is for the insured’s loved ones because your family needs the guarantee of a comfortable financial future in the event that something should happen to you.

The primary purpose of life insurance is to enable your family to continue their current lifestyle when and if you’re no longer around. It is also designed to help meet specific needs that your family will have in the future.

 If you have a life insurance policy in place, it could:-

1. Provide a financial security to your family

You would want the surviving members of your family to live in a safe and financially stable environment. Life insurance could allow them to do that so that your family continues to live a comfortable lifestyle as before. It will replace your lost income in the event that it goes away in the future. In other words, it creates a safety net of relief for the family that would be left behind without any other means of income.

2. Help in paying your debts

Life insurance could pay for remaining medical bills, funeral expenses, and credit card debts, and enable the surviving spouse to have some time to find a job or to retire comfortably. Just imagine if you are suddenly out of the picture, you wouldn’t want to leave your family to drown in a sea of debt. There comes the life insurance coverage that will help your loved ones to maintain their standard of living.

3. Provide finances to your loved ones to achieve life’s goals in your absence

 An adequate life insurance policy will fund your unfulfilled goals like a quality education for your children, daughter’s wedding, for buying a piece of land, or just for a rainy day.

Thus it is not an insurance for you but its for your family’s peace of mind. Their future standard of living may well depend on the life insurance decisions that you make today.

Types of Life Insurance policies:-

Life insurance comes in many shapes and sizes, but the different types of life insurance policies can be broadly classified into two categories:

Term life insurance and

Permanent life insurance

Term life insurance is the insurance policy under which the death benefit is payable only if the insured dies during a specified period & this policy does not have any investment component. It is the most affordable type of life insurance available.It is designed to meet temporary life insurance needs; providing protection for a specified period of time, the term. This type of life insurance makes sense if you have financial needs that will diminish over time, such as a home mortgage or a child’s tuition.

Each year, a premium is paid to cover the risk of death during that year. Term life insurance has no cash value. The only way to collect anything is to die before the term life insurance expires. If death occurs, the life insurance beneficiary generally collects the death benefit of the life insurance policy, free of income tax.

Permanent life insurance is the insurance policy that provides coverage throughout the insured’s lifetime and may include an element that builds cash value. This type of policy provides lifelong protection. It also provides a savings element that accumulates a cash value over a long period of time. In other words, this type of policy, combine life coverage with an investment fund. Here, you’re buying a policy that pays a stated, fixed amount on your death, and part of your premium goes toward building cash value from investments made by the insurance company.

No one type of life insurance is better than another because the type of life insurance that suits your situation best depends on your personal and financial circumstances.

Final takeaway:-

You might have heard of the saying, “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?”. If we go by the saying, if you haven’t yet met an insurance salesman, then speak with him today to get your & your family’s life financially stable & secured. Do not leave your family to drown in a sea of financial difficulties because we know that risks and uncertainties are part of everyone’s life & they are all waiting to happen.

 

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Reasons to Convert Term Life Insurance to Permanent Life Insurance

March 19, 2011 By

Term life insurance may make sense now, when funds are low and insurance needs are high. But this may not be the case a few years down the road. That’s why when you purchase term life insurance you should make sure there is a convertibility option within your contract. A convertibility option allows you to convert your term life policy into a whole life policy within a stipulated time frame, without having to prove insurability. When your financial position becomes more stable, you may want to opt for whole life insurance that adds a savings component to your policy. Your premiums accrue interest while providing your family with life insurance coverage.

Advantage of Whole Life Insurance

The first question that comes to mind when considering conversion from a term life insurance policy to whole life is: Why would I trade in my inexpensive term life insurance policy for a more expensive whole life policy? You’re not! Whole life has several advantages over term life insurance and there are good reasons why you should consider converting your term life insurance policy to whole or permanent life insurance:

Whole life has a savings component. A portion of the premiums you pay accrues interest which adds to the face value of your coverage.
As you age, life insurance companies consider you to be at higher risk of death. Therefore, premiums go up. If you suffer from any health issues, your premium rates will go up even further. If your term life insurance ends when you are say, 50 years of age, and you still feel the need for life insurance (most people do, at least to cover funeral expenses, etc), life insurance at this age may become an expensive proposition.
With whole life insurance, premiums remain steady throughout life. Since you do not have to worry about your policy terminating after a certain term period, you need not worry about worsening health conditions or increasing age affecting your premium rates.
If you’re hard up on cash, you can borrow money from your whole life policy up to a certain amount, without any questions asked.
Whole life insurance offers lifetime coverage. You must pay premiums up to the age of 100, but when your whole life policy reaches a certain maturity level you can use the interest accrued to pay premiums. If you are still alive after the age of 100, you need not pay premiums but your coverage is still in effect.
The interest accrued along with the face value of the insurance policy is tax-deferred.

Term Life Insurance – Advantages of a Convertibility Option

By using your convertibility option you will be able to convert your term life insurance policy to whole life without have to prove insurability. This means you do not need to go through a medical examination. However, your premiums may go up based on your age at the time of conversion or, in some cases, premiums may be calculated on the age you were when you originally purchased the policy.

You have the option to convert all or a portion of your coverage to a whole life policy. For instance if you purchased a 0,000 term life insurance policy, you could convert 0,00 to a whole life insurance policy and keep your term life insurance coverage at 0,000.

Most term life insurance policies with a convertibility option stipulate a time period within which a term life insurance policy can be converted to whole life. It may be a specified time period after the policy has been issued, or before the policy owner turns a certain age. Before you decide to convert your term life insurance to whole life, you should take financial stock of your life and assess your probable financial position in years to come. Ask yourself questions such as: Do you expect your insurance needs to diminish as time elapses? Do you expect to pay off all your debts before you reach retirement age? Based on your family health history, do you expect any changes in your health as you age? Will you be able to leave enough money behind to pay off your funeral expenses and estate taxes, if any? Many people like to use a life insurance policy to leave wealth behind to their children or grandchildren. Consider your needs and how converting from term life insurance to whole life would benefit you and your family.

What if your term life insurance does not have a convertibility option?

If your term life insurance policy does not have a convertibility option, switch to one which does. You’ll find the best rates for term life insurance online. Ask for free quotes on reliable site certified by the Better Business Bureau. This will give you opportunity to evaluate prices, look for free riders, and compare company ratings. Since such sites have a huge database of reputed life insurance carriers offering competitive rates, chances are you’ll find a term life insurance with a convertibility option that is cheaper than your existing policy!

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The lowdown on high blood pressure and life insurance

March 6, 2011 By

High blood pressure is called the silent killer for a reason. One in three adults in the U.S. has it, many with no symptoms, no red flags, and unless they’ve seen a doctor lately, no idea their numbers are so high they are at risk for heart attack or stroke, according to Centers for Disease Prevention and Control.

“High blood pressure is a precursor or indicator of other health issues going on,” says Ryan Pinney, brokerage director with Pinney Insurance Center in Roseville, Calif. He says that is why underwriters and insurance companies take into consideration an applicant’s systolic (top) and diastolic (bottom) readings much like they do their height and weight when determining how they will be rated for life insurance.

He says a blood pressure of 130/85 is normal and would usually result in a preferred or preferred plus rating, the best and least expensive, while 150/90 would bring you down to standard, or even substandard rating, depending on whether it is being effectively treated with medications.

How high is too high? An applicant whose blood pressure soars to 180/110 and/or is left untreated, could be declined depending on their age and if they have heart disease, diabetes or other related medical conditions, says Anna Hart, MS, SRN, principal and consulting underwriter with ARH Consulting in Eastland, Texas.

“The higher the reading at a younger age, the worse the rating,” Hart says, noting a 25-year-old male is not expected to have high blood pressure.

Ratings get even worse if you add in obesity, smoking and drinking alcohol, she adds.

The good news is you can come back to the same insurer in six months to a year and get a better rating, even preferred plus is possible — if you show a pattern of control through proper medication, Hart says.

Pinney says it is normal for a person’s blood pressure to vary 20 to 30 points during the day, depending on the time and circumstances. To keep your blood pressure low for an exam, he recommends having it done in the morning when you tend to weigh less and have lower blood pressure with no stress of sitting in traffic. “Don’t have any caffeine, alcohol or any stimulants or depressants including aspirin and ibuprofen as they can mess up your results, too.”

High blood pressure: fact or fiction?

1. Only nervous people get high blood pressure. False. A particularly stressful situation will cause a momentary peak in high blood pressure, but there is no proof that stress leads to ongoing high blood pressure, according to Mayo Clinic.

2. Like mom or dad, like their kids. There is not one particular gene that causes high blood pressure, but family history does play one of several parts in determining if you are at risk, says Dr. Jacki Goldstein, vice president and chief medical officer with MetLife’s insurance products.

3. Eating lima beans lowers your blood pressure. Goldstein says while a good diet can help, increased potassium intake does not have that great an effect. What works better, she says, is to keep sodium intake down.

4. All factors that cause high blood pressure can be controlled. False. Goldstein says while diet and medications can control high blood pressure, family history and aging are two factors that are out of anyone’s control.

 5. Eating frozen diet foods will help lower your blood pressure. Not necessarily. Goldstein says while being overweight is a contributing factor, so is salt, and some frozen prepared foods are high in salt. Be sure to read the label to make sure the product is not high in sodium, she says.

This article originally published on www.lifequotes.com.

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Missing sleep can increase life insurance rates

March 2, 2011 By

We’re not accusing you of snoring, but let’s get technical for a moment. When you fall asleep, the soft tissues in your body relax, and sometimes block your airways. Snoring is your body’s way of moving soft tissue out of the way. If you have a sleep disorder, the best way to get insurance at an afforable rate is to get treated. “Without proper sleep, the body is under stress and releases hormones to combat that, this increases blood pressure— and the body literally goes into ‘fight or flight’ mode,” says Tom Hinerman, partner for the Hinerman Group in Salida, Colo. For people with chronic-sleep disorders, snoring can sound like a chain-saw symphony. And often, snoring is an indication of a serious sleeping disorder such as sleep apnea.

Sleep apnea causes a person to stop breathing for short periods during sleep. Depending on severity, as the airways close, a person can stop breathing five to 50 times during the night. More often than not, people with sleep apnea are literally gasping for air during the night while their bodies fight to get enough oxygen.

Disrupted sleep is deadly—even that precious hour lost during daylight savings time can have hazardous consequences. An article published in the September 2009 issue of the Journal of Applied Psychology showed that losing an hour of sleep increases the threat of on-the-job injuries for those in hazardous work environments.

“One hour of lost sleep may not seem like a lot. But our findings suggest it could have an impact on people’s ability to stay alert on the job,” says the article’s lead author, Christopher Barnes, Ph.D. and researcher from Michigan State University.

Although sleep disorders like apnea and interrupted sleep are very treatable, unless you show proof of following doctor-recommended treatments, it will lead to increased life insurance rates.

To qualify for standard life insurance rates, Hinerman says, you need to have a sleep study done, and then follow your doctor-recommended treatment schedule closely.

“Depending on the severity some people can use machines like the CPAP [continuous positive airway pressure] machine to correct breathing overnight can help to eliminate symptoms of sleep apnea,” said Hinerman.

“If an individual applies for life insurance within the first year after starting CPAP, we would generally offer a policy with a small extra premium,” says Robert Pokorski, a medical director for The Hartford. “If he or she has been using CPAP for more than a year, and if all is going well from a medical perspective, in most cases there would be no additional premium required for sleep apnea.”

Pokorski also recommends following the general guidelines for the best insurance rates, like maintaining a healthy weight and blood pressure, avoiding smoking, sedatives, and excessive alcohol consumption.

“You may also want to sleep on two or more pillows to make it easier to breath at night,” adds Pokorski.

“The final offer to the applicant would represent the combined risk of sleep apnea and other medical conditions that might be present,” says Pokorski. “If there are no other medical conditions that affect the overall risk, we would generally offer life insurance at standard, and sometimes, preferred rates.”

No matter how mild your symptoms, lying about your condition will not help your rates.

  “If a person does not disclose a sleep disorder during the [initial] interview, we will eventually find out, because the interview is followed by a medical evaluation… and information about a sleep disorder would show up in their medical history,” says Hinerman.

 If you lie about a sleeping disorder, you could be rejected for life insurance, or worse, be denied a payout if the condition causes an accident or injury. And that’s just not worth losing sleep over.

Sleep disorders affect more than 70 million people in the U.S., according to the American Academy of Sleep Medicine. While The International Classification of Sleep Disorders, Second Edition documents 81 official sleep disorders, here are seven of the most common.

1. Restless Leg Syndrome or Wittmaack-Ekbom’s Syndrome is characterized by a patients inability to stop their legs from moving while sitting or lying down, according to The Restless Legs Syndrome Foundation, an organization concerned with awareness and treatment of the condition. RLS usually disrupts normal sleeping patterns and women are more likely than men to develop the disorder.

2. Narcolepsy- Mayo Clinic defines narcolepsy as a sudden and uncontrollable need to sleep that occurs at times that are outside of a regular sleeping schedule. Unlike those without the disorder who usually enter REM sleep within 30 minutes, a narcoleptic can fall deep into REM sleep within five to 10 minutes. Although it has been known to develop later in life, the disorder usually manifests in people between the ages of 35 and 45. Similar to other sleeping disorders, the primary complaint of those who are not aware they have the disorder is excessive daytime sleepiness or ESD.

 3. Sleep Enuresis (Bedwetting)- While bedwetting is fairly common in children, if the condition does not resolve itself, it could indicate the parasomniac condition “sleep enuresis.” People suffering this condition have no control over their bowel movements while sleeping. “Abnormal Sleep Architecture and Refractory Nocturnal Enuresis,” an article published in the October 2009 edition of The Journal of Urology, found a possible link between limb movement during the night that could possibly lead to cortical arousablity—meaning, the body might be faking itself into being awake, but the brain is not.

4. REM Sleep Behavior Disorder (RBD)- The Journal of Clinical Sleep Medicine defines RBD as a condition where people act out dramatic or violent dreams during what should be the deepest phase of sleep. While most people are in a state of paralysis during this part of sleep, people suffering RBD can move their limbs. Usually, RBD occurs in men aged 50 and older, but the disorder can also occur in women and in younger people. In a February 2009 study published in the Journal of Clinical Sleep Medicine, researchers found RBD can be managed effectively with drug therapy.

5. Sleepwalking- Like sexsomnia, sleepwalking is a condition where a person can be physically moving about, appear awake and alert, but have no memory of their actions. This disorder is most commonly seen in children, but it can occur in the elderly, and adults. Sleepwalking appears to run in families, and it can be dangerous because the sleepwalker is unaware of his or her surroundings. The National Institutes of Health do not currently recommend any specific treatment for sleepwalking, but recommend making sure to try and keep a sleepwalker safe by removing any hazards, waking them up, or guiding them back to bed, to prevent injury.

6.“The Sleeping Beauty Syndrome” or Kleine-Levin Syndrome (KLS) is a rare sleep disorder that involves falling asleep for long periods of time. Unlike narcolepsy, sufferers from KLS will sleep for days, weeks, months and sometimes years without waking up. Symptoms of KLS generally manifest in adolescents. A study conducted by the KLS Foundation found that out of the 186 people who had the disorder, 68 percent were male. There have also been reports of hypersexuality (unusually high or excessive interest in sexual activity), and hyperphagia (over-eating) when someone with KLS awakes. Currently, no cure exists for KLS, but experimental drugs like Provigil are showing increasingly positive results.

 7. Sleepsex- You read it correctly. Sleepsex, or, Sexsomnia is a type of parasomnia first recorded in a 2002 and more recently the topic of study in the December 2009 edition of The Journal of Sexual Medicine. People suffering from sexsomnia can make sexual movements, noises, gestures and advances during sleep, without knowing what they are doing. Those suffering from sleepsex have no recollection of their behavior upon waking. Researchers are looking into treatment options for this condition through medication.

Another hazard of losing sleep is the possibility of developing breast cancer.Research by scientists at Japan’s Tohoku University Graduate School of Medicine in 2008, found that women who regularly slept less than six hours a night increased their risk of developing breast cancer by 62 percent when compared to women who slept seven hours or more each night. The eight-year study followed the lifestyle of 24,000 women who were between the ages of 40 and 79. Of the 24,000 women studied, 143 were diagnosed with breast cancer.

This article originally published on www.lifequotes.com.

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Living Dangerously? There’s Life Insurance for That

February 19, 2011 By

By Susheela Bhat, Life Quotes, Inc.

Suppose you’re a generally healthy person with a weekend habit of jumping out of helicopters to ski down mountains in the middle of the French Alps? What if you like to ascend ice formations in a sport called ice climbing, or barrel down a twisting paved road while lying on wheeled board? How about if you work a dangerous job? If you find that your adrenaline rush or risky occupation is getting in the way of obtaining life insurance coverage, here’s two ways to prevent being denied coverage or finding reasonable rates: don’t lie, and get trained.

Although hazardous avocations typically come with increased premiums, high-risk insurance specialists can advise you on how to keep your personal premiums from soaring.

Dangerous avocations, as defined by the United States Occupational Safety and Health Administration’s (OSHA), are categorized as “impaired risk,” meaning most underwriters will rule out the most favorable rates, but according to Carol Casey-Odekirk, spokesperson for State Farm Insurance, people who work dangerous jobs are generally compensated for job risk by their companies, which can offset any increase in premiums.

“Insurers are obviously involved in aggressive underwriting for people with impaired risk, but to do the best job we need to know all the facts pertaining to the risk,” says Gary Dworkin, Immediate Past Chair for the National Association of Independent Life Brokerage Agencies.

While premiums vary based on specific circumstances, taking safety courses and showing expertise in your hobby or occupation can help reduce your rates. The life insurance market is very competitive and rates are often reasonable, so chances are fairly good a risk specialist can find you the best coverage for the right price. Lying or omitting information, however, will not help you.

“Insurers are pretty good about their research, so it’s not a matter of if you lie—it’s a matter of when they catch you. Within the first two years the life insurance policy is issued, insurers have the right to reject claims, refund premiums or nullify the contract if it’s found that they misrepresented information. There’s also a chance of having a claim rejected for fraud,” said Dworkin.

If you are caught lying before a life insurance policy is issued, it goes on your record, which can keep you from finding reasonable rates or being insured altogether, so simply don’t do it.

When it comes to living dangerously, some people don’t just do it for kicks—it’s their day job. Preliminary data from the United States Department of Labor’s 2008 “Census of Fatal Occupational Injuries” listed the following five jobs as the most hazardous, by fatality rate (otherwise known as the chances of surviving, if you are injured on the job). We included an additional five jobs with surprising mortality rates.

1. Fishermen- Sure, they get plenty of fresh air and exercise, but they also have the highest relative risk of death by drowning. Although the DOL listed 38 fatalities in 2008, fishermen have the highest fatality rates of any profession- 111.8 (per 100,000).

2. Lumberjack- With a mortality rate of 86.4/100,000 and 76 fatalities with the reason listed as “contact with objects and equipment,” sometimes being a lumberjack is not OK.

3. Airplane pilots- People who work in the airline industry, particularly pilots, hold the dubious honor of third-most dangerous job in America. With 87 deaths in 2008, they face a grim 70.7/100,000 chance of death every day they go to work. The majority of their deaths are crash-related. Just remember to thank your pilot on your next flight (instead of complaining about the delay).

4. Structural metal workers- Someone has to make sure the buildings go up. Unfortunately, structural metal workers face a huge risk of falling down on the job from an average height of 500 feet or more. Unlike the top 3, metal workers had 40 fatalities listed for 2007, and a mortality rate of 45.5.

5. Farmers and ranchers- Sure, a job in the open country, working with the land may sound ideal, but it loses appeal when you consider how sharp farm implements are, and how a herd of stampeding animals won’t stop because the light went red. With 293 deaths in 2008, farmers and ranchers have a mortality rate of 39.5.

Five surprisingly Dangerous Jobs

 1. Driver/sales workers and truck drivers- It’s a life on the open road, which is both a problem and a solution for many people in the transportation industry. Although they have a relatively low fatality rate, 28.2, the DOL also listed a shocking 976 fatalities in 2007.

2. Construction workers- Like structural metal workers, construction workers are integral to maintaining the infrastructure of our society. Although their mortality rate is a relatively low 19.5, their job requires working in a variety of dangerous conditions. As a result construction workers average a staggering 345 deaths per year from falls and traffic accidents.

3. Grounds maintenance workers- It’s a dirty job, but somebody has to keep the grounds looking nice at golf courses, parks and resorts across the nation. Unfortunately, with 160 fatalities listed in 2007, it might not be the hottest job on the market. On a plus note, grounds workers enjoy the lowest mortality rates on this list, 12.0.

4. Policemen and Sheriffs- Despite upholding the law, policemen and sheriffs are subject to the same general rules as ordinary folks with hazardous jobs. Their fatality rates were listed as 21.8, and they only suffered 146 fatalities, with the most common cause listed as “transportation incidents.”

5. Taxicab Drivers- Ever wonder why your cabby is so surly? With an average of 50 deaths per year from violent assaults and a mortality rate about the same as police officers (21.3), they might have earned the right to be a little standoffish. Just remember to make eye contact and smile before your cabby whips out the mace.

This article originally published on www.lifequotes.com.

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Guaranteed Acceptance Life Insurance For Cancer Patients and Survivors

February 4, 2011 By

Life Insurance Guaranteed Issue

•NO medical questions
•NO medical examinations
•NO medical tests

Believe it or not, there are some guarantees in life. Guaranteed acceptance life insurance. That means that problems with your health history will now be a thing of the past with guaranteed whole life.

If you’ve had the unpleasant experience of not getting accepted for insurance because of your past medical or health history, then you know what a difficult task it is searching for a company that will accept your application. Well, search no more.A Graded Benefit whole life policy can provide your family with up to ,000 of tax-free death benefit just when they will need it most. What’s better, this is guaranteed whole life.

You Can’t Be Turned Down!
There are NO medical questions, NO medical examinations and NO medical tests. This is truly guaranteed issue insurance. Death benefits are limited during the first two or three years of the policy, but are 100% guaranteed after that. These policies have been created for an underserved segment. Many people think that having cancer or any type of critical illness will preclude them from obtaining insurance. This is entirely false. The only real restriction in guaranteed acceptance insurance is that you can not be declared “terminal” by your physician. The other caveat in guaranteed acceptance insurance is that you can not be residing in a long term care facility. If you have neglected to purchase insurance to protect your family before learning about your health condition,you can still protect your family

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Why Agents Should Purchase Life Insurance Leads

February 1, 2011 By

Agents should purchase life insurance leads for many reasons. But before you do you, you need to have a good system in place of exactly how you are going to work the leads. Buying the life insurance leads is one thing but turning them into real sales is something else entirely. You need to have your plan in place and make sure that it can work to your business’s advantage.

The best and most obvious reason why agents should buy life leads is to drum up new business. Purchasing leads means that you don’t have to spend valuable time trying to generate them on your own. But if you do consistently generate some leads on your own you can always add those leads to the ones you buy. Then you will always have a large pool of potential prospects to draw from. Then filling your pipeline will not be a laborious and painful process anymore.

One more great reason to purchase life insurance leads is that the process is fairly straight forward and easy to do. The key is finding a consistent and reliable lead generation company. Once you have found a quality provider then all you do is set your up your lead filters, the quantity you want per day and then deposit some money into your lead account.

Buying life insurance leads also keeps you in competition with the other agents who you have to contend with for business. It keeps you “in the game” per say. More and more agents are beginning to use online insurance leads in their business on a regular basis. They already know that paying for qualified, verified leads is much easier then trying to generate them from other, more conventional sources.

In all purchasing life insurance sales leads presents agents with many benefits and options. If you are a insurance agent that is looking to write more life insurance policies, then purchasing leads from an online provider might be a good idea.

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Tips on How to Find Quality Online Life Insurance Leads

February 1, 2011 By

Selling life insurance can be rewarding and lucrative way to make a living. However, it isn’t always easy, and if you’ve been at it for a little while, then you already know that customers aren’t necessarily lining up outside your office to buy insurance. The first step to selling life insurance, is to find people to sell to. Indeed, this is the most demanding part of the job. You need to actively find new clients if you expect your business to thrive. So how do you find insurance leads? Some agents rely on the age old technique of cold calling. Others take advantage of the life insurance leads available for purchase. Below are three potential sources for insurance leads that have been effectively used by successful agents. If you are having trouble paying the bills, then give these methods a try. The first step is to take advantage of your own social network. You know a lot of people: friends, relatives, and other acquaintances. These are potential life insurance leads and they are potentially good leads too. Since your already know these individuals it will be much easier to talk to them about policies. Most people dread the sales pitch, but when you are talking to a friend you can let them know why they might consider a policy, and that you can help them out. Once you have exhausted your own circle of friends and family, you will have to look for leads elsewhere. This can be as simple as picking up the phone. Insurance agents have long used cold calling as a lead generation technique. The truth is, it isn’t the most effective way to get leads. Most people don’t like sales calls, and it might take many calls before you make a sale. However, you can get business this way. Especially if you tone down your sales pitch enough to connect with a person first. Once you have them interested it will be easier to help them with a policy. Although cold calling can work, a more effective means for finding leads is to purchase them. Today there are many companies that collect potential life insurance leads from the internet. These companies specialize in collecting leads so they can sell them to insurance agents. Not all services are created equal, so you will have to shop around for a company that provides what you are after. However, once you find a quality lead provider, your job will be much easier. Since the leads these companies sell have already expressed an interest in purchasing a life insurance policy, your closing rate will be much higher. These leads are expecting a call from an insurance agent; indeed, they want you to call them. Quality insurance leads are an agent’s dream come true. Of course, you will have to pay for these leads. But competitively priced quality insurance leads are well worth the investment.

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3 Tips to Help You Find Quality Life Insurance Leads

January 26, 2011 By

If you are a life insurance agent, then you no doubt already know that the hardest part of an agent’s job is getting business. Some agents rely on the tried and true method of cold calling. Others take advantage of newer approaches like online lead generation. The truth is, there are any number of ways to increase business and get new life insurance leads. You need only take the time to find yourself some new life insurance leads. Here are three ways many insurance agents get new leads and make more sales. Many agents rely on one or more of these methods. Some agents prefer one method over all others, while others use them all equally. Regardless of what you currently do, if you need to increase the number of leads you have, trying one of these approaches is sure to help. The first method you should try is to exhaust your personal network. Networking is essential in the sales industry, and life insurance sales is no different. Talk to your family and friends and see if they can refer anyone to you. Next, talk to your current clients and past clients to see if they could make any referrals. Not only does this increase your number of leads, but it could lead to more sales with your current clients. You can also consider sending out mailers to clients, although a personal phone call offers many advantages. Another method that is becoming quite popular, is to let someone else find the leads for you. Indeed, there are several companies that specialize in collecting life insurance leads. They collect these leads specifically to sell them to agents like you. They can provide you with as many leads as you like, and generally the cost is very reasonable. If you need a boost of leads, this is perhaps the fastest way to get them. Some of these online lead providers even offer free life insurance leads for you to try out before you purchase from them. One of the oldest methods of insurance lead generation is cold calling. This is an essential skill that any agent should have. It is true that cold calling isn’t the most efficient means for finding leads, but it can be effective, especially if you are out of other ideas. The key to effective cold calling is to know what you are going to say ahead of time. Take the time to write out a script to help you when you make a call. You only have a few seconds to make a first impression and get a person’s attention, so make it count. With these three methods you are sure to boost your number of life insurance leads in no time. You might find you like one approach more than the others. If this is the case, then stick with it! You’ll have all the business you can handle in no time.

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How to obtain life insurance when you have heart disease

January 24, 2011 By

A history of heart disease won’t necessarily flatline your chances of obtaining life insurance at reasonable rates, insurance experts say, provided you have the condition under control and you’re following doctor’s orders.

Take “Jeff” for instance. Obese and a smoker, he needed a bypass and a couple stents to keep his arteries open. His doctor told him to lose 100 pounds and kick the habit if he wanted to live, relates his insurer, Ryan Pinney, a brokerage director with Pinney Insurance Center Inc. in Roseville, Calif. Jeff lost 140 pounds, stopped smoking and takes his cholesterol medicine faithfully.

“I was able to get him life insurance at a preferred rate,” Pinney says. “He’s healthier now than he was back then.” A preferred rate would cost around for the same policy that would cost 0 at a standard rate, he says.

Dr. Robert Pokorski, chief medical strategist for The Hartford’s Individual Life Division, says in general, life insurance can be offered six months after bypass, angioplasty, or use of stents, usually at a small to moderate additional premium.

Whether one is insurable depends on the type and severity of the heart disease, their age, their lifestyle habits and if they’re healthy now, Pokorski says.

“For someone with congestive heart failure, it is nearly impossible to get insurance,” Pinney concedes. “The doctor is saying this person is going to die soon.”

Pokorski says children born with an atrial septal defect (hole between the upper chambers of the heart) could get insurance at the same premium as a healthy child because it is corrected via surgery. In the event the defect cannot be corrected, the child can still get life insurance, but the insurer would charge a higher premium.

He says higher premiums are usually required for adults with coronary heart disease as well. The premium would go up even more if the person is overweight, smokes or is a diabetic. Pinney says a standard 0 policy could now cost as much as 0 to 0 a month.

If you were turned down for life insurance in the past because of heart problems, Pokorski encourages you to try again as insurance companies are responding to medical advances. “The premium charged at the time you were accepted would be based on your risk going forward, not on your risk in the past,” he says.

Heart disease by the numbers

Although the death rate has dropped 29.2 percent from 1996 to 2006, heart disease continues to claim millions of American lives every year, according to the American Heart Association and Centers for Disease Control and Prevention. Here are some of the latest statistics.

 Heart disease is the No. 1 cause of death in the U.S.

26 percent of all 2.4 million deaths in the U.S. in 2006 were caused by cardiovascular disease. This comes to 1 in every 2.9 deaths.

Women make up 50 percent of the total number of deaths caused by a heart attack.

2,300 Americans die of cardiovascular disease every day.

470,000 Americans had a recurring heart attack in 2010.

631,636 of Americans died of heart disease in 2006.

785,000 of Americans had a new coronary heart attack in 2010.

7,235,000 inpatient cardiovascular disease operations and procedures were conducted in 2006.

In 2010, the estimated direct and indirect cots of cardiovascular disease and strokes in the U.S. was 6.4 billion.

Yet we still don’t take care of ourselves, according to the latest estimates.

18.3: Percent of U.S. women 18 and older who smoke.

23.1: Percent of men 18 and older who smoke.

33.6: Percent of U.S. adults ages 20 or older with hypertension from 2003 to 2006.

51: Percent of U.S. adults responding to a survey who said they do no vigorous activity or have an exercise routine.

66.3: Percent of U.S. adults 20 or older who are overweight or obese.

This article originally published on www.lifequotes.com.

Max New York Life Insurance -Today, India sits as the cusp of greatness both in its potential and in its achievements. Some argue that it has already crossed that threshold and is destined for greatness no matter what. MNYL believes that there are examples of this greatness all around and is proud to chronicle it for our collective inspiration. MNYL’s philosophy of ‘Karo Zyaada ka Iraada’ is a salute to all those who happily challenge status quo and push the boundaries in the search and in the creation of a bigger, brighter tomorrow. The dream of a larger good is no longer confined to a limited few. MNYL intends to awaken today’s India to re-look at itself, its realities and the possibilities and new ways to progress through its new business philosophy. ‘Karo Zyaada ka Iraada’ appears at a time when we as a people have realized that we’d be happier if we could articulate and then live our ambitions.
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