De-Risking the Life Insurance Underwriting Experience
Life insurers order paramedical exams, labs, and EKGs to uncover new, previously undiagnosed medical concerns. Common findings include:
Life Insurance
Life Insurance and Annuities Optimize Retirement Income
The business consultants at EY have analyzed the effectiveness of several retirement funding strategies. Their study concludes that a well-diversified mix of investments, life insurance, and annuities optimize retirement income. Let’s take a look at what they found. Retirement Income Shortfall EY estimates that by 2030 there will be a $200+ trillion retirement income shortfall. […]
Life Insurance Underwriting Strategies for Prostate Cancer
Incidence rates for prostate cancer approximately equal age: approximately 50% of men in their 50s are likely to have some form of prostate cancer, and 80% of men who reach their 80s have the disease. Therefore, it is important for financial advisors to be familiar with life insurance underwriting strategies for prostate cancer. Prostate Cancer […]
Life Insurance Underwriting Strategies for Elevated Liver Functions
Life insurance applicants are sometimes surprised they are required to pay an extra premium due to findings of elevated liver functions in their insurance company labs. They feel terrific and have never even thought about their liver before! None of them are pleased about having to pay higher premiums. Fortunately, not all life insurers underwrite […]
Life Insurance Underwriting Strategies for Elevated PSA
Life insurers often screen male applicants for prostate specific antigen (PSA) levels. Their goal is to catch previously undiagnosed prostate cancers. But many PSA elevations are caused conditions other than cancer. Selecting a carrier that is comfortable with elevated PSA findings is key to getting competitive insurance offers.
40-Year Level Term Life Insurance
Financial Advisors recommend clients protect their lifetime income with life & disability insurance. Great news: 40-year level term life insurance now enables young individuals to insure their entire anticipated lifetime income with an ultra-low cost term policy. Let’s take a look at a recent request. Meet Karen Karen, a healthy 25-year young woman, would like […]
Non-Tobacco Premiums for E-Cigarette Users & Vapers
Only ONE highly rated brand name insurer offers a lab test that makes it easy for e-cigarette users (vapers) to qualify for non-tobacco rates, cutting premiums in about half. Let’s look at a recent request: Kayla, F, 26, attorney, vapes daily, needs $3M 20-year level term for income replacement purposes Tobacco premium = $3,024.70 Non-tobacco […]
