Category: Eligibility and Underwriting
Looking under the microscope of insurability factors.
ALS, also known as Lou Gehrig’s disease, is very serious. It is virtually a diagnosis of terminal illness. As such, life insurance underwriters typically do not make offers. A few guaranteed-issue products that are good for burial money could be…
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Throughout my career in the life insurance industry, I have come across an amazing number of people with a criminal record. Some examples include: a male teacher having sex with a (willing but technically underage) girl (and not his student);…
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Epidemic and pandemics are of great concern to life insurance companies. Diseases that can significantly increase the probability of early death or disability are watched like oncoming cyclones. Emerging cultural attitudes and changes in public medical policy are noted for their…
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The world of medical technology never ceases to amaze. New and improved diagnostic studies, procedures, and lab tests are constantly being invented. As you can imagine, life insurance companies eagerly avail themselves of these tools. They want to make as…
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Michael Reagan, the eldest son of Ronald Reagan, recently disclosed to the world that he is a survivor of sexual abuse as a child. If there’s one thing I’ve learned while helping survivors of abuse to get life insurance, it’s that…
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A recent court case in Colorado illuminates one potential problem when a life insurance application contains erroneous information. Here are the facts: A life insurance agent miswrote the age of the insured/applicant on the application. He made her six years…
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People are going crazy with selfies. President Obama raised quite a stir with his selfie at Nelson Mandella’s memorial service. Then, baseball star David Ortiz raised a ruckus with his selfie at the White House. All harmless fun, however inappropriate.…
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This morning I was informed that a gentleman who has applied for life insurance through my firm has prostate cancer. He had no knowledge of any prostate problems when he had applied. He took his insurance exam, and the PSA…
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A recent article in USA today states that older workers may still need life insurance. This is true. Here is what you need to know: 1. If your spouse is still dependent on your income, you will need life insurance for income…
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Every life insurance policy that I’ve looked at required an answer to the “risky activities” question; even if they didn’t ask in the initial forms, they asked it later on. I chose not to lie and was denied coverage when…
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