All Life Insurance Tips

What life insurance company is good?

Has anyone had any experience with a good life insurance company, with reasonable benefits? Oh, I'm 51 with a few medical problems.

Public Comments

1. Nationwide !! Unfortunately I don't know what companies are available in your area, but I have been a customer with Nationwide for many years. Being self-employed at the healthy age of 35, I have to cover my own health benefits and found Nationwide to be the most cost effective for my family. Our plan covers the entire family of 3 for a premium of $475 per month. What ever your decision, I always recommend you make sure the company has been in business for at least 10 to 15 years. This will insure that your always covered, without the fear that your premium can go up at any time. Not that it matters, but Nationwide just signed Nascar to an exclusive deal. This is huge, especially during these troubling times. You can also check your local Yellow pages for local insurance companies. John Komatsoulis - Business Development Coach
2. It depends on the medical condition you have and how much insurance you need. You hae three main options: Policy with no exam: They will do the underwriting based on the information you provide on the application and your records in the MIB (Medical Information Bureau). They may also ask for your medical records. The amount of insurance will be limited to $400K-$500K (depending on the company) Policy with an exam: You will complete a so called paramed exam and give blood and urine samples. The decision will be made based on the test results, your medical history and the information on the application. Guaranteed issue: No medical quetions, limited benefits in the first three years, amount of insurance limited. Every insurance company has its own underwriting guidelines. You would be better off by working with an independent agent who represents several companies and can shop for you. I hope this helps. Regards,
3. The question is pertaining to life insurance, not health insurance. I am a former financial advisor and current medical student, so I like to think I have some knowledge of the industry. First, ask yourself if you need permanent coverage, meaning indefinitely until you die... or if you just need temporary coverage, meaning you only need covered until children are grown up and able to fend for themselves. Permanent life insurance is more expensive and is typically not that great of a deal. Term life insurance is cheaper and is typically the way to go... it protects you for a certain period of time. If all this seems confusing, you should get an experienced professional to come sit down with you and explain it. My personal advice is to look for a Fee-only Financial Planner that is experienced. Make sure they are Fee-only, this means that you pay for their advice, and they do not get paid commissions to sell you products. They will also give you investing advice if you want. You may pay anywhere from 100-250 dollars per hour for their advice, but it is unbiased advice, unlike that of an insurance salesman. You may also learn things you can do to help your financial situation. Search the internet for Fee-only financial planners in your area. Remember, I do not recommend fee-based or any other type of salesmen... I strongly recommend FEE ONLY planners. I hope this helps.
4. lifeinsurance.awardspace.info - you can try this company. My parents have their life insurance.
5. Try this site http://linsurance.notlong.com here you can get quotes from different companies so you can compare them.