Life Insurance Leads Cape Coral, Florida FL
Reader’s Question:
I am a diabetic and I recently acquired a job-based health insurance from my employer in Cape Coral, Florida FL. I would like to know more about pre-existing condition exclusion period is. I am most concerned because of my pre existing diabetes.
Bart
Cape Coral, Florida FL
Most life insurance companies in Cape Coral, Florida FL have imposed a pre-existing condition exclusion period with the objective of trying to discourage people from waiting until they get sick in order to purchase health insurance. It is apparent that you might be able to apply creditable coverage to you insurance in order to offset your pre-existing condition exclusion period. Just like if you were on an individual policy before enrolling in your job-based coverage in Cape Coral, you may be able to subtract the amount of time you were covered on your individual policy from the pre-existing condition exclusion period.
The rules and regulations that govern pre-existing condition exclusion periods in individual policies may widely vary from one state to another, which means that governing rules in Illinois shall apply to Cape Coral. As a general rule, this will be very different from the rules that regulate pre-existing condition exclusion periods in job-based coverage in all 50 states. Try to verify these consumer guides which contain Florida-specific information about pre-existing condition exclusion periods in individual policies.
Tags: life insurance leads, pre-existing medical condition, insurance exclusion period
Cape Coral Florida FL Life Insurance Lead
Reader’s Question:
How can I say that term life insurance is right for me?
Rob
Cape Coral, FL
Term life insurance can be considered if you want to have life insurance on a specific term. You can then match the length of the term to the time that you’ll need it. For instance, your children may still be depending on you from infancy to the age of 21. You would need to compute how many years you need life insurance from this period. The 20 year term will be paid just within 20 years and if you die within that period, at least it would help your dependents. It may be that after 20 years, your children will leave their nest and have their income on their own.
The second consideration for buying term life insurance in Cape Coral, FL is of course, the budget. You can get term life insurance at high face value with still affordable premium compared to the permanent life insurance which costs considerably because of the investment side.
Actually, you can buy term life insurance in Cape Coral with convertible feature. This feature will enable you to change from term life insurance to permanent life insurance should your needs in the future change. Perhaps at the tenth year, you think it best to have investment side of the life insurance so you can convert the term life insurance to whole life insurance easily without going through the process of medical examination and reapplications. Among many life insurance companies in Cape Coral, you can surely find convertible term life insurance.
Tags: life insurance, life insurance plan, term life insurance
Life Insurance Cape Coral Florida FL
Reader’s Question:
When can I say that the permanent life insurance is suitable for me?
Charisse
Cape Coral, FL
One of the most important factors in permanent life insurance is the cost. So if you can afford paying for the permanent life insurance in Cape Coral, FL, then indeed it is for you. But of course there are still other benefits that may be suitable for you.
For one, if you want a permanent premium payment all throughout your life time, then you can get the whole life insurance. If you even want to be flexible at times in the future, you can buy the universal life insurance (where premium is based on market interest rate). The idea of the permanent life insurance policy is that you have fixed premium payment unlike term life insurance that changes every time you renew. The change of premium is based on your age which means that it is increasing as your age increases.
Aside from locked premiums, the permanent life insurance accumulates cash. This cash value can be borrowed for emergency expenses in the future or can be used as a payment of your premium. Permanent life insurance is good if you intend to pay life insurance at the same as an investment. If term life insurance is purely life coverage, permanent life insurance can be an investment that can help supplant your income in the future.
Tags: life insurance, life insurance benefits, whole life insurance
Smoker Life Insurance Cape Coral Florida FL
Reader’s Question:
Is it ok not to disclose that I am smoking so I can get lower premium for life insurance in Cape Coral, Florida FL?
Laura
Cape Coral, FL
Hello Laura
Well, you’re as if saying “Is it ok to lie”? which leads to an answer of big NO. Why? Its not just because lying is a bad thing as you know it since your childhood. It’s also the consequence that you’ll have with your life insurance company in Cape Coral, FL. Of course, they won’t be able to tell at first but they would eventually. And when they do, you would be at risk of being denied of life insurance claims. You see, not disclosing the real condition is equivalent to a fraudulent act and life insurance companies won’t be happy to give you what’s due you if you’re life insurance application is fraudulent.
Besides, you can’t do away with it anyway. You’re just increasing your risk of not being trustworthy. For one, once you apply, you are required to undergo medical examination. In this case, you might be known to be a smoker. Even if you succeeded to hide as smoker, you might die and when the life insurance company investigates and finds out that you were smoking, your beneficiaries may not be able to get the life insurance benefits. You then paid low premiums in vain. Remember life insurance companies are very keen on claims. Even if your death is caused by any diseases not related to smoking, they can still have the right to deny or at least lower the release of benefit because they would stand as victim of fraud.
Tags: life insurance, no exam life insurance, smoker life insurance