This is Chad McMahan from ‘Protect with Insurance,’ here in the beautiful city of Cottonwood, Arizona. I wanted to help everyone out by discussing how to get the best price possible, based on your health, when it comes to life insurance. Today, we will focus on the health insurance options you have if you’re incredibly healthy or have major health problems.
If you’re incredibly healthy and don’t rely on prescription medicines, then you’re going to get a reduced rate term. Although, nowadays, diabetes is considered a common health problem. Even if you are taking metformin or something similar, you are still eligible for a reduced rate term. Reduced rate term comes from increasing your health rating as high as possible. If you are not taking any prescription medicines and don’t have any medical diagnosis, then you should be able to get what’s called a preferred plus or a super preferred health rating. This can drop your term pricing down to the third or fourth, what anyone else is going to pay. This is something that you must discuss with your agent. Make sure that they have access to some really well-priced fully-underwritten products.
If you have health issues such as congestive heart failure, kidney failure, liver failure or you are dependent on a wheelchair or use breathing oxygen, then these are a few red flags. However, if you don’t, then you can get insured, especially if you’re between the ages of 50 and 80, and that too at a great rate. All you need is a guaranteed life insurance program.
It is a great form of life insurance. It is not a term policy but a whole life policy. Typically, they offer a smaller coverage, about five to twenty-five thousand. They are very reasonable and guaranteed programs. The only downside of the whole program is that you may have to wait two years to get full coverage. This is because if they don’t have a waiting program, people with serious life-threatening conditions will line up to get this insurance. So they make you wait for two years. If something happens in those first two years, you are paid the entire amount you’ve ever paid, plus the company matches ten percent. Once you hit the two-year mark, it opens up into a full coverage policy. Hence, if you have a twenty thousand dollar whole life policy with one of these companies, once you hit that two-year marker, it’s going to be twenty thousand dollars in coverage for the rest of your life.
This is Chad McMahon from ‘Protect with Insurance’ signing out. Take care!
If you are located in the Cottonwood, Sedona, Flagstaff or Prescott area and are looking for more information on affordable Life Insurance please don’t hesitate to contact us. Use the links below or call us directly at: (928) 323-0933.