It shouldn’t come as a surprise that people with a history of illness like heart disease would have a more difficult time getting approved for life insurance than others who are healthy. But the key word here is difficult, not impossible.
If you’ve had a heart attack, knowing what to expect when you apply for term life insurance will greatly increase your chances of getting good coverage.
What do insurance providers need to know?
Once you hit 65 and retire, you don’t need life insurance, right? Not so fast! The traditional thinking about life insurance is that you only need life insurance when you have an income to protect, when you have a mortgage or when you have kids to support.
And while it’s true that having life insurance after 65 isn’t right for everyone, there are some good reasons you might want to consider it.
None of us likes to think about death. But it happens, even to young people. What happens to your loved ones after your death (whenever that may be) depends on what you do today with your money: spend a few hundred dollars on an upgrade to a perfectly fine smartphone, or put a portion of that into life insurance to protect your family.
If you were to die, would your family remember that phone? Or that they didn’t have to move from your home, your neighborhood or school? You have a choice. How do you want to be remembered?
My wife and I had our first child in May. The moment they let us take our beautiful daughter home from the hospital without a nurse to guide us was when we realized the newfound responsibility that a child brings!
For the past nine years working as an advisor, I have been helping others plan for many of the important events in their lives, including marriage, children, retirement and leaving a legacy for their family. As I enter a new stage myself, I thought I would share some of the financial steps I took to help secure the financial future of my family.
One of the many reasons Americans do not have life insurance is they believe that they won’t qualify, or that if they do qualify, the price will be too expensive. This is not always the case. Many people are able to find affordable coverage despite having common health conditions. Life insurance companies will determine rates […]