Life Insurance Medical Exam – Take a few simple steps before the examiner arrives.

No one likes taking a medical exam for life insurance. However, taking a few simple steps before the examiner arrives could make a real difference in your ultimate rate classification and what you’ll pay for your new coverage.

When you schedule your exam, arrange to have the examiner arrive as early as possible in the morning. You’ll get your very best lab results after fasting at least 8 hours, and if possible 12 hours before your exam.

ReliaStar Life Of NY To Offer Return of Premium Life Insurance In New York

ING has introduced return of premium term life insurance in New York state. The policies, to be issued by ReliaStar Life Insurance Company of New York, will be known as ING ROP Term NY, with fixed term periods of 15, 20 and 30 years.

Return of Premium term life insurance policies are designed to return the sum all premiums paid to the term life insurance policy owner at the end of the original term period. Over the past several years, return of premium life insurance policies have grown in popularity. “This type of term insurance appeals to people who are concerned about buying a product they think they may never need,” said Dan Mulheran, president of ING’s life distribution.

ING ROP Term NY is now available to New York residents and you can review the rates through the 1stQuote.com term life insurance quote system.

How Long Does It Take to Get A New Life Insurance Policy?

Once you have gotten life insurance quotes, selected a new life insurance policy, completed your application, taken your medical exam and they have been submitted to your chosen life insurance company you need to allow from 4 to 8 weeks for your new life insurance policy to be approved and issued.

If you have an unexceptional medical history and are not currently under a doctor’s care, approval and issue is most often quite prompt. However, if there have been recent medical visits, treatments or ongoing health issues, the life insurance company underwriters will need additional information from your physician(s) and health care providers.

If additional medical information or test results are needed from your doctor(s), a request is sent and a fee is paid in advance by the life insurance company. Unfortunately, the longest delays most often occur in waiting for this information to be provided to the life insurance company.

In some cases, a personal call to the health provider helps. However, even with regular follow-ups, getting these “attending physicians statements” is often a slow process and the insurer must simply wait until the required records have been received.

Life Insurance – First, Make Sure You Have Enough!

As you might imagine, we get a wide variety of questions about types of life insurance and when to buy life insurance. Recently some of the hot topics have been:

• Should I buy return of premium life insurance?
• Should I consider whole life?
• Should I buy universal life to 100 for a lifetime premium guarantee?
• Is variable universal life a good investment?
• Should I buy a 20 or 30 year term life insurance policy?
• I’ve just quit smoking. Should I wait until a year has passed and I can get non-smoker rates before applying for life insurance?

Life Insurance With No Medical Exam – Deal or No Deal?

You see the ad’s online — “Get Up To $300,000 of life insurance with no medical exam”, “…..Quick and Easy”, “…..Automatically Issued”, and so on. It’s an appealing idea. No one likes medical exams and long delays while waiting for an insurance company decision on their eligibility for life insurance.

The idea of answering a few questions, getting approved, paying your initial premium and printing your policy online in only minutes has lots of appeal. So what are the drawbacks?

Life Insurance and Cholesterol – LDL, HDL and Ratios Matter

It seems as though nearly everyone is being treated for elevated cholesterol these days, and it not just the age 50+ citizens anymore. We see numerous 30 and 40 year olds and a growing number of 20 something applicants who are attempting to deal with elevated cholesterol.

And now the good news! From a life insurance perspective, controlled cholesterol alone (whether you are being treated with medication(s) or not) will not exclude applicants from super preferred and preferred rate pricing classifications. That being said, what are the limits? That is to say, what are common cholesterol underwriting guidelines?

American Attitudes – Life Insurance & Life Risks

A study released in December of 2007 by AXA Equitable (AXA Equitable Protection Report) deals with American Attitudes About Life Insurance.

The study found that many Americans have been “lulled into a false sense of security,” and are relying on employer sponsored group life insurance to meet their personal life insurance needs.

“Human Life Value” – What’s Your Economic Worth?

“Human Life Value” is a phrase used to represent an individuals economic value. More specifically, it represents how much money you’d need today (with interest earnings) to replace your projected income and employer sponsored employee benefits until retirement.

While it is occasionally used as a life insurance needs device, “Human Life Value” analysis is more commonly used is in computing damages (loss) that arise from an individuals premature death.

Wal-Mart, Target, CVS and Walgreens Opening Nationiwide Medical Clinics

Wal-Mart will open in-store medical clinics under its own brand name and plans 400 walk-in, in-store clinics with Wal-Mart brand name by 2010.

Wal-Mart joins CVS, Target and Walgreens in offering quick service for routine conditions ranging from colds and bladder infections to sunburn care.

Term Life Insurance Rates Continue To Decline In 2008

The trend towards ever lower term life insurance rates is alive and well. While it’s only February, several major life insurance companies have already reduced rates. Among the changes, the following major life insurance companies have reduced premium rates: