Oklahoma Life Insurance
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Test Your Insurance IQ – Yahoo! News
Now that the health insurance reform bill has become law, it's a good time for a quick check-up: Do you have enough coverage? Your own health care isn't the only area that deserves a second look. Many Americans fail to take out enough life insurance but end up taking out too much insurance for their pets, for Read the rest of this entry »
Can I possibly get a term life insurance without taking a physical examination?
Jonah
Oklahoma City OK
These days, it is very much possible for people like you to get covered for a specified period of time without being required to take a physical exam. This policy is called term life insurance no physical exam and is being offered by a number of insurance companies.
The major catch of this form of life insurance, aside from the no physical exam aspect, is that it is very convenient to apply. All you have to do is to go online and search for life insurance company websites and fill out their short online application form. Since you would no longer be taking the medical exam, you will be asked to answer health questions for the insurers to have an idea of your health condition. Once you’re done answering those forms, and if qualified, you get instant approval and receive coverage right on the spot.
However, there are few trade offs for this policy. A term life insurance no physical exam policy can be a bit more expensive as compared to those that require a medical exam. Another thing to keep in mind is this is not a guaranteed issue product. A guaranteed issue, when used in connection with health insurance means that a plan will be offered regardless of medical condition. Although there is a no medical exam requirement in this policy, you are still to go through answering those very detailed questions about your health history and it is extremely significant to answer it as accurately as possible.
Most life insurance companies, as a condition of issuance, also reserve the right conduct an investigation before disbursing any death benefits. As a matter of fact, most of them have become very skillful over the years in determining any fraudulent applications resulting to a canceled policy or not receiving benefit altogether. So if you think you have a condition that would not qualify you for a term life insurance no physical exam, be sure to open this up with your insurer for some arrangements. Each life insurance company looks at risk differently so it makes sense to visit several of them.
How can I compare life insurance quotes effectively here in Oklahoma?
Ella
Oklahoma City OK
There are actually several ways for you to compare life insurance quotes but the quickest and the most effective way to do it is to go online. Many online life insurance companies provide quotes for your life insurance needs for free. To compare life insurance quotes, all you have to do is to visit as many life insurance websites as you can and request a quote from each company. Compare their terms, premiums, death benefits and clauses contained in each quote.
There are also many comparison websites where you can compare several life insurance quotes from different companies all at once. A comparison websites helps you save time of having to wait for each quote to appear and print each one of it to compare rates.
Comparing quotes allows you get the best possible death benefits at the lowest possible premiums. You don’t have to worry over entering personal information on online websites. These life insurance company websites are secured sites and any personal data entered will not be viewed by anyone publicly.
You also need to check each company’s profile to help you get the best rates. Choose life insurance companies with proven track record. In this way, you would not worry over a company that would be going out of business. You may conduct a research of each company’s background or visit an online service rating agency such as A.M. Best Company to see who is on top of their list.
The best rates are those that you can afford. Compare life insurance quotes whose rates come close to the amount that you can afford to pay monthly. Figure out if you can revise the amount and the length of the term of the life insurance policy that to arrive at a rate that still fits your budget as well as your needs. You always have the freedom to upgrade to a longer term or a higher premium when you already can afford it.
How can I lower my smokers life insurance rate? If I stopped smoking last month, can I ask my life insurance agent to re-evaluate my life insurance rate?
Jeff
Oklahoma City, OK
Cigarette smoking lowers the life expectancy of the user. Because of this risk to the life insurance company, you, as the smoker, will be placed in the smoker risk category and will receive a smoker life insurance rate. This will apply even though you are in good health condition. Smoking can lead to health problems like cancers of the oral cavity, lung, esophagus and larynx. Smoking is also associated to the cancer of the pancreas. If you are an “occasional” smoker, some life insurance companies may qualify you for the non-smoking rates. “Occasional” smoking is generally defined as smoking 12 cigarettes a year. If this is the case, the result of your medical exam in your urine sample must be nicotine-free.
In your case, you have already received a smoker’s life insurance policy. If you have quit for years, you may ask your life insurance agent to reclassify your smokers life insurance rate. Life insurance companies have different rules on how long must an insured be smoke-free. You can contact your life insurance agent to check this.
Note that severe consequence awaits you if your insurer catches you to regular smoking, which you lied about. You may pass a urinalysis test but if you die due to smoke-related problem, the life insurance company can deny the claim.
Can I find a life insurance policy online?
Angie
Ardmore, OK.
Angie,
There are hundreds of insurance companies across the nation, so searching for
the right term life insurance is often a daunting task. The most convenient and
reliable way is doing comparison shopping online for the optimal term life
insurance company with a contract matching your needs. In summary, term life
insurance is your best bet if you want to operate on a limited budget, have
short term goals and are looking for basic insurance protection.
Summary – if you are in need of cheap term life insurance, your best bet is
to grab several free quotes, compare the coverage available, review the policy,
while checking for hidden exclusions (things that the policy will not cover)
that you may not be aware of and after you’ve found one that you’re comfortable
with, buy it! Finding and buying a cheap term life insurance policy isn’t rocket science so just get your quotes, compare your options and do it.
Great Question.