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Life Insurance Answer Man at LifeWealthWin.com
7 minutes | Mar 30, 2018
Depression Life Insurance
If you have been diagnosed with depression, you may be wondering about depression life insurance eligibility. Getting approved for life insurance with a history of depression is possible if you have the right insurance agent and insurance company! In this article, we will offer some background on life insurance underwriting and eligibility with depression. We are experts in getting people with a history of depression get approved for affordable life insurance rates. What is depression? Depression is a common illness that negatively affects how someone thinks, feels, and acts; the symptoms of depression are different for many people. Depression can cause a wide range of feelings, ranging from sadness and loss of interest in activities you once enjoyed to suicidal thoughts. Depression (major depressive disorder) can be a severe medical illness if not treated properly. Depression symptoms vary by person and in severity. Symptoms can range from mild to severe and can include: Feeling sad Depressed mood Loss of pleasure or interest in activities once enjoyed Changes in appetite Weight gain or loss (unrelated to dieting) Loss of energy Increased fatigue Feelings of worthlessness or guilt Difficulty concentrating, thinking, or making decisions Thoughts of suicide or death How is depression diagnosed? For depression diagnosis to occur, a patient must have symptoms lasting for at least two weeks. Other medical conditions may have side effects that mimic those of depression. Thyroid disorders, brain tumors, vitamin deficiencies, etc. may mimic symptoms of depression. Your physician is best-suited to diagnose your feelings of depression and physical causes. How common is depression? One in 15 adults (6.7%) will be affected by depression in any year. One in six adults (16.6%) will be affected by depression at some time in their life. Depression can occur at any time, but the first symptoms of depression are likely to occur in the late teens to mid-20 years of age. Women are more likely to be diagnosed with depression than men. Some studies indicate nearly 1/3 of all women will experience depression in their lifetime. What depression is not. Depression isn’t sadness, grief, or bereavement over the loss of a loved one. The death of a loved one or the end of a relationship is a difficult part of life. Losing a job or opportunity you are excited for is also a difficult part of life. Sometimes, people in these situations will describe themselves as being “depressed.” Being sad differs from being depressed. The grieving process after losing a loved one is natural, and everyone will experience different feelings. Some feelings are the same as those experienced by people diagnosed with depression. Both grief and depression may also cause people to suffer intense sadness and withdraw from usual activities they enjoyed. Despite grief and depression having overlapping symptoms, they are different. Correctly diagnosing grief and depression is a major step forward in helping people get the help, support, and treatment they need to recover. Depression risk factors Depression can occur in anyone…even people in ideal financial and relationship circumstances. Physiological and environmental factors play a role in depression: Biochemistry – different people produce different chemicals in the brain that may cause feelings of depression. Genetics – depression can be hereditary and run in families. If one identical twin has depression, the other identical twin has a 70% chance of being diagnosed with depression in their lifetime. Personality – someone with low self-esteem, who are easily overwhelmed by stress or is overly pessimistic, is more likely to be diagnosed with depression at some point in their life. Environmental factors – repeated exposure to neglect, abuse, violence, or poverty results in some people being more susceptible to depression than others. Is depression treatable? Yes. Depression is one of the most treatable mental disorders. Between 80 and 90% of people respond well to treatments for depression. Medications and psychotherapy are two of the most common treatments for depression. If you have severe depression, your doctor may recommend other treatments. So, can I qualify for depression life insurance? Yes, but let’s clarify something – there is no specific policy for depression life insurance. Depression is just one of the many factors that a life insurance company will consider before issuing a life insurance policy.Most people who suffer from depression controlled with medication or other therapy will qualify for great rates through the different life insurance companies. For people with severe forms of depression, who are on multiple medications and have had thoughts of suicide, obtaining a depression life insurance policy may still be possible. As a consumer, this is difficult to do. That’s why people use Life Wealth Win to do the shopping for them. It is important to approach only life insurance companies that view your depression and other health conditions most favorably. We work with 40+ life insurance companies, and not all of them will view your depression favorably. Some, however, view depression and depression treatment regimens more favorably, leading to lower life insurance premiums. I’ve had depression, but I am no longer on medications or under treatment…do I still qualify? The life insurance companies will still want to know more about your history of depression. Depression and other health issues are “pre-existing conditions” that the insurance company will want to understand better. This does not mean you will not qualify for life insurance, or that you must pay more for life insurance. It is simply part of the process that we will help you with to get qualified for life insurance. What will the insurance company want to know about my depression? Insurance companies will want to know the following about your depression history: Diagnosis date Do you have mild, moderate, or severe depression? Medications prescribed – List & webpage links Frequency of doctor visits Are you seeing, or have you ever seen a psychiatrist Thoughts of suicide Hospitalizations due to depression or mood disorders These questions will help determine your eligibility for life insurance with depression. When should I buy life insurance for depression? The best time to purchase life insurance is right now. As you grow older, the cost of life insurance will increase as you age. The best time to purchase life insurance is before you need it. The best time to purchase life insurance is before you become diagnosed with an illness. The best time to purchase life insurance is when you are younger, rather than older. What type of life insurance should I purchase? If you want life insurance with depression to cover you only during their working years, a term policy would be an ideal choice. If you want the life insurance coverage to protect you for your entire life, a permanent insurance policy such as whole life or universal life insurance policy would be appropriate. Term life insurance is like auto insurance. You pay a monthly premium, and when you die the life insurance company will pay your family a death benefit. If you stop paying your life insurance premium, life insurance coverage ends. At the end of the term for your life insurance (often 15, 20, or 30 years) you will not get your money back (unless you select a “return of premium” plan). The permanent life insurance such as whole life or universal life insurance builds up a cash value which you can access while you are still living. Term insurance costs less than whole life or universal life insurance. There are “hybrid” life insurance policies that include a base level of whole life or universal life insurance, and an additional “rider” of term life insurance. These policies are great options for those wanting a higher amount of coverage in their working years, and permanent life insurance protection with access to cash value later in life. Which life insurance is right for me? It depends on your financial needs, your tolerance for risk, and your budget. We can help you understand your life insurance options as a roofer in order to help you determine the correct short and long-term life insurance plan for you and your family. How do I get started? Your first step will be to determine how much life insurance coverage you need. We are experts in this area and can help you to assess your life insurance needs over the phone. Your second step will be to determine what will fit into your budget. Once we understand the coverage amount you’re comfortable with, we can approach our 40+ life insurance companies for quotes. What are my life insurance payment options? You can pay monthly, quarterly, or yearly with term life insurance policies. With whole life and universal life policies, you have other payment options (lump sum, etc.) Conclusion If you have been diagnosed with depression, call us to help you understand your depression life insurance approval options. At Life Wealth Win, we specialize in healthy to high-risk life insurance cases. We work with clients across the nation and will help you understand your depression life insurance options. If you are diagnosed with depression, we can help you get the best life insurance rates. The post Depression Life Insurance appeared first on Life-Wealth-Win.
37 minutes | Mar 22, 2018
CARMEN DAVID AORTIC DISSECTION STORY
Carmen David aortic dissection story says people always mention the birth of a child is: “The happiest day of my life!” Some births are like that, and some are different. The birth of Carmen’s first child was one of the happiest days of her life. The birth of Carmen’s second daughter was also filled with joy, but little did Carmen know the next day would be the most traumatic day of her life. 22 hours after giving birth to her second baby girl, Carmen experienced a life-threatening aortic dissection and was fighting for her life. Carmen’s aorta had a tear occur in the main blood vessel that carries blood from her heart to her entire body. It was labeled Type B-Complicated, meaning the organs and extremities of her body were affected and not getting a flow of life-sustaining blood. Carmen needed emergency surgery…NOW! But in the medical confusion that followed, it took a third hospital transfer to save Carmen’s life. Carmen considers herself lucky that this ordeal happened after giving birth, so her daughter’s health wasn’t affected. Carmen was in the Labor & Delivery ward, nursing her newborn child, when she felt a severe onset of ripping pain down her spine, from her neck to her tailbone; it was migratory pain before turning to waves of pain across her entire abdomen and before hitting her in the chest area and radiating straight through to her back. Carmen gasped…it took her breath away as she laid her newborn baby between her legs to call the nurse. “I need someone in here now, something is very wrong”, Carmen frantically told the nurse Carmen was young, healthy and active, no pre-eclampsia, and had no risk factors. The delivery was vaginal with an epidural; everything went smoothly. She felt fine until “it” happened. Carmen remembers the nurse saying she was going to monitor her for an hour and Carmen said, “You can’t monitor me for an hour…get, my doctor, now; something is very wrong!” Her anesthesiologist came in and was asking Carmen about her symptoms, to which Carmen replied, “I feel like I’m having a heart attack or something”; her anesthesiologist’s response was, “You’re a little young for that.” The anesthesiologist’s response still haunts Carmen to this day. Carmen felt there wasn’t enough urgency to find the source of her pain given the final diagnosis of an Aortic Dissection; this could have had led to tragic results. As Carmen’s breathing became weak, her speech also became slow and quiet. A chest x-ray and EKG were normal, so they thought maybe something happened with the epidural, so 3 hours later, she was sent for a CT scan. The radiologist found the aortic dissection…something the radiologist was not even looking for…this suddenly became a life-threatening medical event. After the diagnosis, Carmen remembers asking her OBGYN, “Is this like life and death?” and having the scary thought of it being the last time she would see her loved ones. Asking her OBGYN, “Is this the last time I will see my husband and my children?” was chilling, as her OBGYN couldn’t even speak as she seemed shocked by the diagnosis. The chaos in the hospital staff’s search to find a doctor who could “fix” her will forever be engraved in Carmen’s mind. Carmen’s family surrounded her before a Care-flight took her from Texas Harris Methodist HEB to Texas Harris Methodist in Fort Worth. A doctor at Texas Harris Methodist tried to manage her trauma with medications, but she continued to deteriorate. If it weren’t for Carmen’s husband insisting she was not getting better and demanding a second medical opinion, Carmen might have died that day. Carmen was finally transferred to a third hospital, UT Southwestern Medical Center in Dallas, where her family was told: “If she doesn’t have this surgery, she will die, but she may not make it through surgery”. Carmen finally underwent surgery 36 hours after the onset of pain. The doctors placed three stents: one thoracic and two in her left iliac artery. Afterward, Carmen still complained of abdominal pain, so the doctors went in again and placed the 4th stent in the thoracic area. In the end, the doctors explained Carmen had multiple tears and the dissection extended the length of her aorta. Carmen still has an abdominal tear that her doctors medically monitor; they also keep a close eye on her renal arteries for any complications or change. They couldn’t place a stent in this area as it would be risky and block blood flow to her kidneys (because the true path of the aorta fed one kidney, and the false pockets now fed the other kidney). Carmen stayed in the Surgical Intensive Care Unit (SICU) for 11 days, 8 of which she did not get up/walk, eat or get to see her newborn baby or her older daughter (other than via a television screen). Carmen was in much pain, was physically uncomfortable, highly emotional, and traumatized. Her physical recovery took about six months; the emotional healing is getting better but will be ongoing. This is now a chronic illness so emotional management is part of Carmen’s medical treatment plan. Carmen will be on medications and monitored for life. She will have imaging and checkups every six months to be sure her condition is stable, or if complications/issues arise, they can preemptively treat. Carmen has good days and bad days. Fortunately, she only has one physically bothersome side effect/complication with her legs/right foot (pain in tailbone to thighs randomly causes her to be weak resulting in her knees buckling and right foot numbness; these are residual effects from lack of blood flow caused by the aortic dissection). The side effects of the treatment and medications have improved and given the severity of Carmen’s medical emergency…things could be tremendously worse. Carmen was told numerous times she was lucky to be alive, not to have had complete kidney failure (because she somehow rebounded from stage IV malignant kidney failure), and she was fortunate to have her right leg (due to lack of blood flow), since her right common iliac collapsed from the start of this ordeal. Aortic dissection can happen to young or old, predisposed, or even out of left field, like what happened to Carmen. Carmen found the John Ritter Foundation and teamed up with them because she knows how crucial it is to get funds for physicians and scientists to do research to prevent premature death due to aortic dissection. Carmen David aortic dissection gave her the passion to raise awareness and getting the word out about pregnancy being its own risk factor. She understands the diligence and perseverance needed to educate the doctors and clinicians of the world on this rare life-threatening medical phenomenon. Carmen wants to educate people on what to look for in symptoms. She wants people to be insistent on how they are treated and learn to advocate for themselves. She wants to spread the importance of genetic testing and imaging to help prevent premature deaths from this silent killer. Carmen David aortic dissection gave her the motto: “if one life is saved by her efforts to educate and empower others, it will all have been worth it.” In this podcast, we share Carmen’s story of pain, strength, family, and recovery…and even a little about life insurance. Here is a link to the VGLI life insurance article we mentioned in the podcast. The post CARMEN DAVID AORTIC DISSECTION STORY appeared first on Life-Wealth-Win.
9 minutes | Jan 4, 2018
Short Term Disability Insurance
Your chances of becoming disabled at some time in your life are high. Short term disability insurance protects you and your loved ones from financial struggles should you not be able to work if you become disabled. Fortunately, we work with some of the highest rated short term disability insurance policy providers in the United States. We can get you the best pricing and coverage for your hard-earned dollars. Short term disability insurance is an affordable option to protect your income, home, and family should you become disabled in the future. What is disability insurance? Disability insurance replaces part of your income if you cannot work because of an injury or illness. Why do I need disability insurance? 25% of all twenty-year-olds living today will become disabled before retirement age. The average long-term disability and inability to work will last 34.6 months (counsel for disability awareness statistics). Almost 3 years is a long time to survive and provide for your family without a steady income. What causes disabilities to occur? Back and neck pain, joint disorders, muscle injuries and damage, and foot and ankle injuries or disorders are the leading causes of disability claims. Cancer and complications from other diseases are also the primary reasons for disability insurance claims to be filed. What are the different kinds of disability insurance? There are two types of disability insurance policies – short term and long-term. Short term disability insurance (STD) is designed to pay a percentage of a worker’s salary for a specified period. If a person is injured or becomes ill and cannot perform their regular duties at work, a short term disability policy will pay between 40 and 60% of an employee’s gross weekly income. Although 40 to 60% income replacement may seem low, remember that, if you’re paying for the policy with after-tax dollars, the payment of short term disability benefits is tax-free. Long-term disability (LTD) is much like short term disability, but it is designed to last longer than short-term disability. Some long-term disability policies pay out as long as you are disabled until age 65. To qualify for most disability benefits, you will have to be under the regular care of a physician. Usually, the insurance companies need documentation from a medical professional to support your disability claims. Elimination period Most disability policies include an elimination period. An elimination period is a number of days that must pass after your accident, injury or illness diagnosis for your benefits to begin. Most plans allow you the option of selecting 30, 60, 90, or even 180-day elimination periods for short term disability as a result of an accident, injury, or illness. A shorter elimination period is more favorable for the policyholder but is more expensive. If you are supplementing a work disability policy, you can save money by selecting a longer elimination period for your privately-owned disability policy. Are disability benefits taxed? If your disability insurance is provided through your employer with pre-tax dollars, your disability payments will be taxable. If your disability insurance is privately owned or you pay for it with after-tax dollars through your employer, your disability payments will be tax-free. Disability insurance for self-employed individuals is also available and advisable since you work for yourself and probably cannot produce income if you are not working. If I’m disabled, do I get all my disability benefits? If you are totally disabled, you will be eligible for all of your disability benefits. If you can return to work with restrictions, you may be eligible for a portion of your disability benefits. If you are not totally disabled but cannot perform at least 50% of the “material and substantial duties,” you may be eligible for partial disability benefits. How much do disability policies cost? Disability policy pricing depends on several factors: Age Gender Tobacco use Pre-existing conditions Occupation (roofer, accountant, etc.) The amount of income to be replaced The length of time your benefits are available (one year, two years, until age 65, etc.) The length of time before you qualify for benefits (30, 60,90 days, 180 days, etc.) Can I get paid a disability if I have a pre-existing condition? Pre-existing conditions like high blood pressure, high cholesterol or diabetes may be excluded from coverage for most disability insurance policies. Once approved for a disability policy, your policy is guaranteed renewable up to a specified age (as defined in your policy). Your policy pricing may change in the future…but it’s not likely. The insurance company cannot raise your monthly premium or others with the same policy. If the insurance company wanted to raise your rates, they would have to raise everybody’s rates for people in the same rate class. Rate “class” includes people of the same age and gender, policy type, elimination period, benefit period, occupational class, tobacco status, and even the same state or geographic area. Can my disability policy be canceled? You can cancel your disability policy at any time. The insurance company, however, cannot cancel your disability policy unless you stop making payments on your plan. Most disability policies are sold on a “guaranteed renewal” or “non-cancelable.” Should I purchase disability insurance? You are likely to experience a short-term disability at some time in your life. If you don’t have sufficient money in the bank to replace your income for at least one year because of an injury or disability, disability insurance is a wise decision. Check with your employer to see if disability insurance is available for your benefits plan. This is an affordable way to obtain disability insurance. The only drawback is that, when you leave your employer, your disability coverage will terminate (leaving you at great financial risk). Many employees have short-term disability policies at work that replace only 40 to 50% of their gross income. If you cannot afford to take that significant of a pay cut, you can purchase a private disability policy through Life Wealth Win to supplement your work provided short-term disability coverage. Should I purchase short-term or long-term disability insurance? Purchasing short term disability insurance or long-term disability insurance will depend on your budget and financial needs. Because most injuries or illnesses are resolved within 24 months, a short term disability policy may be more appropriate and affordable. Conclusion If you need a short term disability insurance, call us to help you understand your options. At Life Wealth Win, we specialize in healthy to high-risk life insurance and disability cases. If you are in need of a short term disability policy, we can help you get the best rates. Call us, and we can help analyze your needs and budget restrictions to identify which policy is most appropriate. The post Short Term Disability Insurance appeared first on Life-Wealth-Win.
10 minutes | Jan 2, 2018
Return Of Premium Life Insurance – Pros & Cons
Return of premium life insurance policies are available from many life insurance companies, but is a life insurance policy with the return of premium option a good idea? It depends on your attitudes on investing, your budget, your long-term goals, and your desire for liquidity (or not). There is no “one-size-fits-all” return of premium life insurance plan. Return of premium life insurance plans cost more than standard life insurance plans. Many life insurance agents push these policies for that reason…because they make more money and commission on selling more expensive life insurance plans. If a return of premium life insurance policy fits into your attitudes on investing, your budget, your long-term goals, then it may be a good fit for you and your family. If you are worried about liquidity (having your money tied up), getting locked into a more expensive life insurance plan, sacrificing part or all your premiums if you change life insurance plans early, or the negative effects of inflation on your money within a return of premium policy, then it may not be a good fit for you and your family. What is return of premium life insurance? Return of premium (ROP) is a type of life insurance that returns the premiums paid for the life insurance coverage if the policyholder survives to the end of the policy term or a period stated in the life insurance policy. How does return of premium life insurance work? ROP guarantees your beneficiary will receive a death benefit should you die during the term life insurance policy. ROP also guarantees you will receive all or part of your premiums back should you still be alive at the end of the policy. Many people feel they have “wasted” their life insurance premium dollars at the end of a life insurance policy. ROP policies are geared towards people who dislike paying premiums and never getting their money back. What are the advantages of return of premium life insurance? You get all (or part) of your money back at the end of the life insurance term. What are the disadvantages of return of premium life insurance? Return of premium life insurance is more expensive than other forms of term life insurance and can be over triple the cost of a standard term life insurance policy. If you switch to another life insurance policy in the early part of your term policy (typically the first 5 years), you’ll get no returned premiums. If you switch to another life insurance policy later in your term policy, you will only get a percentage of your premiums returned (as low as 1%). If you get to the end of your life insurance contract, you may not get 100% of your premium payments back. Some insurance companies only offer 75% to 90% of premiums to be returned. With a return of premium life insurance policy, you are locked into a more expensive life insurance policy for the next 20 to 30 years. You lose money every year due to inflation. For $100,000 invested in a life insurance policy, at a 3% inflation rate, with a 20-year return of premium policy, your plan would be worth only about $55,000 (when adjusted for inflation 20 years from now). Liquidity is sacrificed as you have locked yourself into a higher premium life insurance contract. You cannot use this money to make other investments or pay down your mortgage debt during this time. How is return of premium life insurance most often “sold”? Return of premium policies are often sold as mortgage protection policies. The homeowner is told, if they invest in a 20-year return of premium policy, they will get all their money back at 20 years, and this will be enough to pay off the remaining balance of their home mortgage loan. 20 YEAR RETURN OF PREMIUM EXAMPLE The rate for a 40-year-old male with a $150,000 mortgage and a standard 20-year policy would be $51.53 a month with this company. The 20-year return of premium option on this policy would cost $193.96 per month for the same 40-year-old male with a $150,000 mortgage. This is a difference of $142.43 per month. The $51.53 monthly premium after 20 years totals $12,367.20 in paid premiums. The $193.96 monthly premium after 20 years would total $46,550.40 in paid premiums. The return of premium policy cost $142.43 more a month than the non-return of premium policy. The difference between the $51.53 in the $193.96 over the 20-year term is $34,183.20. If you had taken out a return of premium policy in 1997 and it paid out in 2017, you would receive up to $34,183.20. But since your premium payment only returns premium, and has no provision to adjust for inflation, your $34,183.20 invested would now only be worth $22,733.53…you lost money due to inflation (as determined by the consumer price index (CPI). Here’s something else to be cautious of – some companies only return 75% of your premiums paid into your policy. So, instead of receiving $34,183.20, you would only receive $25,637.40 after 20 years. After factoring in the consumer price index (CPI), your purchasing dollar will have been reduced to $17,050.14 in current year dollars. You invested $34,183.20 to get back $22,733.53 or $17,050.14, respectively. If you had invested $142.43 and received 6% interest over 20 years, your investment fund would be valued at $65,808.48. If you are in a 25% tax bracket, your $142.43 after taxes would be worth at least $49,356.36. If you had invested your $142.43 into a different life insurance product, you would have access to your money without paying taxes, still have a death benefit, and this death benefit would not end at 20 years (it could last your entire life). Return of premium policies for mortgage protection Let’s look at what that life insurance salesman told you about paying off your home with the return of premium life insurance proceeds after 20 years. With a $150,000 mortgage for 30 years at a 5% interest rate, your mortgage balance at 20 years would be $75,919.63. You will still have a balance of $74,080.37 remaining on your 30-year mortgage at the 20-year mark. With your ROP life insurance plan, you invested $34,183.20 to get back $22,733.53 or $17,050.14, respectively, in return of premium life insurance. Although this will help pay down your mortgage, it will not come close to paying off your mortgage. If you had invested $142.43 and received 6% interest over 20 years, your after-tax gain would be $49,356.36. This would leave you with a $26,563.27 mortgage balance after 20 years. More importantly, you would have maintained liquidity the entire time you held your life insurance and mortgage if you had invested money on your own, rather than letting the life insurance company control the use of your money. But wait, the numbers can get worse! If you are healthy and went to a different insurance company, your life insurance rates would be even better. If you are in great health, a 40-year old male could qualify for a $150,000 20-year term life insurance policy for $28.04 a month. Are you seeing why that mortgage protection life insurance agent wanted to sell you a return of premium life insurance policy? At $28.04 a month, he would get a commission on a $336.48 annual life insurance premium. At a $193.96 ROP monthly premium, your life insurance agent got the commission on $2,327.16. You lose money to inflation or reduced paybacks by the insurance company. You also lost liquidity because you do not have access to this money should any changes in life occur (unemployment, illness, etc.). If you want to invest extra money in a life insurance policy, there are better life insurance plans for doing this that allow you to build cash value within the policy, access your money, guarantee you will never lose money, and provide tax-free access to your money within your plan for retirement or other financial obligations. So, should I purchase return of premium life insurance? It depends on your financial risk tolerance and budget. Some people like the guarantees that life insurance provides and are not worried about inflation and don’t want to worry about investing. Many people view the return of premium policies as “forced savings accounts”, regardless of the future financial impact to their home and family. If you are younger and want a 30-year return of premium policy, these policies are more affordable and the numbers to work out more in your favor. This is strictly, however, on a case-by-case basis. Call us so we can run the numbers for you to see if this makes sense for you. Should I exchange or replace a return of premium life insurance policy? We recommend caution when replacing any life insurance policy. Do not, under any circumstances, cancel a return of premium life insurance policy without having another life insurance policy in place. Also, only deal with a life insurance agent you trust to be 100% honest with you. Many life insurance agents selling return of premium policies withhold facts that would otherwise negatively affect a life insurance shopper’s decision to purchase; stay away from these people. At Life Wealth Win, we routinely replace policies sold to unsuspecting policyholders by other agents/agencies. These policies were not in their best interest, they weren’t explained, and they locked the life insurance shopper into a long-term contract they did not understand. At Life Wealth Win, we will help you understand all your options, explain the financial impacts of your decisions, and help get you the best policy at the best price that best fits your unique situation. The post Return Of Premium Life Insurance – Pros & Cons appeared first on Life-Wealth-Win.
6 minutes | Dec 19, 2017
Zoloft Life Insurance Eligibility
If you have been prescribed Zoloft (sertraline), you may be wondering about Zoloft life insurance eligibility. Getting approved for life insurance with a Zoloft prescription history is possible… if you have the right insurance agent and insurance company! There are many medications used to treat depression. Celexa, Cymbalta, Lexapro, Paxil, Wellbutrin, and Zoloft are some of the more commonly prescribed depression medications. In this article, we will offer some background on life insurance underwriting and eligibility when taking Zoloft (or if you have Zoloft in the past). We are experts in getting people who have been prescribed Zoloft approved for affordable life insurance rates. What is Zoloft? Zoloft is a prescription medicine that is commonly used to treat patients with depression. Zoloft is an antidepressant medication used to treat the following conditions: Anxiety Depression Obsessive-compulsive disorder Panic attacks (panic disorder) Post-traumatic stress disorder Premenstrual dysphoria What are the side effects of Zoloft? Many medications can help treat depression, but also may have unwelcome side effects. Here are some side effects of Zoloft: Abnormal ejaculation Changes in appetite Constipation Decreased sex drive Diarrhea Difficulty having an orgasm Dizziness Drowsiness Dry mouth Dry mouth, and Headache Impotence Nausea Nervousness Skin rash Sleep problems (insomnia) Sleepiness Stomach pain Tired feeling Upset stomach Weight loss. How do life insurance companies view depression and depression medications? It’s estimated that 8 to 10 percent of the population in the United States uses some form of antidepressant medication. It is not surprising that we receive so many calls about Zoloft life insurance eligibility. Life insurance companies will want to know what medications you are taking, and what other medications you have taken in the past. While medications like Zoloft can dramatically improve the quality of life of a person with depression, life insurance companies will still want to know about the patient’s underlying depression diagnosis and long-term prognosis. Life insurance companies will want to know about any pre-existing conditions before issuing and approving any life insurance policy. When determining your Zoloft life insurance eligibility, the insurance company will want to know the following information: When were you diagnosed with depression or a related medical condition? Age at which you were prescribed Zoloft Amount of time you have been taking Zoloft Other medications besides Zoloft that have been prescribed What type of doctor prescribed Zoloft (general physician or psychiatrist) Are you taking multiple medications? Has your Zoloft prescription or dosage changed in the last year? Have you ever been hospitalized due to depression or a related medical condition? Do you have a history of alcohol or drug abuse? Do you have a poor driving record or serious driving infractions (suspended license, DUI, or multiple moving violations)? Are you currently employed? Have you received or applied for disability benefits in the last 12 months? In addition to depression or Zoloft-related medical condition questions, the life insurance companies will also want to know your: Age Gender Height and weight Other health and history, or family health history Occupation and income Dangerous hobbies Honestly answering these questions will help the life insurance companies to assess your unique physical, medical, and prescription background so that they can offer you the best life insurance policy available. In some cases, the life insurance companies will need to order medical records and doctors’ records in order to verify your health status, your physical diagnosis, your prescription history, your compliance with doctors’ orders, and your long-term prognosis. With all of these questions, it is common for life insurance shoppers to worry about their Zoloft life insurance eligibility. Many life insurance shoppers wonder if they should stop taking Zoloft before submitting your life insurance application. We do not recommend this. One thing the life insurance companies want to see in their potential life insurance applicants is compliance with their doctor’s medical and prescription plans. If you take your medications as prescribed by your doctor, you will become more insurable, rather than less insurable. Which insurance company is best for Zoloft life insurance eligibility? Not all companies look at your Zoloft usage and underlying depression (or other medical conditions) in the same manner. This is good news. What this means is that we can shop around for you for a life insurance company that views your unique medical history more favorably. We work with 40+ insurance companies to assure that we have the best availability of policy types to get our clients approved when taking Zoloft or any other prescription. Will my depression be viewed as a pre-existing condition? Yes, it will. As mentioned before, the most important thing the insurance companies will want to know is if you are seeing a doctor and are compliant with taking your medications. A positive medical history in these areas gives you the best opportunity to get approved at great rates. Why should I choose Life Wealth Win to help me with my Zoloft life insurance plan? We are an independent life insurance brokerage company that works with 40+ life insurance companies. Our only mission is to get you qualified for the best available life insurance policies, at the best possible rates. Life Wealth Win agents are specialists in healthy to high-risk life insurance underwriting and eligibility. If you are just “shopping around” for life insurance rates, but don’t want to talk with an agent right now, just click on our free life insurance quotes to view your life insurance options instantly. If you feel more comfortable talking with someone one-on-one, call us at (888) 435-4342, and we can answer all your questions. What happens if I get sick, injured, or physically disabled, but don’t die? An affordable short term disability policy is a fantastic addition to an affordable life insurance policy. Becoming disabled is the leading cause of financial stress and long-term financial disasters. If your financial future will be harmed by a period of unemployment due to a disability, visit our private short-term disability insurance page or call us at (888) 435-4342 and we can help get you protected. Conclusion If you have been diagnosed with depression or another medical condition for which you are prescribed Zoloft, call us to help you understand your Zoloft life insurance eligibility options. At Life Wealth Win, we specialize in healthy to high-risk life insurance cases. We can help you to understand your life insurance options with a Zoloft prescription history. We work with clients across the nation to get the best life insurance rates possible. If are taking Zoloft, we can help you get the best life insurance rates. The post Zoloft Life Insurance Eligibility appeared first on Life-Wealth-Win.
8 minutes | Dec 13, 2017
Chronic Back Pain Life Insurance
If you have been diagnosed with chronic back pain, you may be wondering about chronic back pain life insurance eligibility. Getting life insurance with chronic back pain is possible if you have the right insurance agent and insurance company. In this article, we will offer some background on chronic back pain, the underwriting process for life insurance for chronic back pain, and if you can get approved for life insurance with chronic back pain. WHAT IS CHRONIC BACK PAIN? When back pain lasts for less than 3 months, it is called acute pain. The bad news is back pain impacts your life in your daily activities of living. The good news is that you will heal, and the pain will go away. Chronic back pain is back pain that lasts longer than 3 to 6 months or beyond the time at which tissue healing has occurred. If you’ve had back surgery in the past due to chronic back pain, and you are still experiencing chronic back pain, the medical definition for this is “failed back surgery syndrome”. Failed back surgery syndrome means your chronic back pain continues after the surgery has healed. Chronic pain may show symptoms in many ways; chronic pain often falls into two major categories: Pain with an identifiable cause – if you’ve injured your spine, have had spinal discs injured, or have structural back disorders (stenosis, spondylitis, spondylolisthesis, or other back disorders), the pain caused by these disorders may not go away after surgical and nonsurgical treatment. Chronic pain without an identifiable cause – when pain is still present after the tissue has healed from injury or treatment and the cause of the pain cannot be identified – is often called “chronic benign pain”. CAN I GET LIFE INSURANCE WITH CHRONIC BACK PAIN? If you have chronic back pain, you can get favorable rates on life insurance. If you have chronic back pain and have been denied life insurance by an insurance company, it is most likely because you had an inexperienced life insurance agent who recommended the wrong life insurance company and policy. Most life insurance agents have not trained adequately in high-risk life insurance insurability. By working with a company like Life Wealth Win, who specializes in high-risk life insurance cases, you will improve your chances of getting approved for the chronic back pain life insurance coverage you need. Usually, the premiums will be very competitive and affordable. WHAT IS CHRONIC BACK PAIN LIFE INSURANCE ELIGIBILITY? Insurance companies will want to understand why you are experiencing chronic back pain. They will want to understand the risk you present to them if the claim is filed. The life insurance underwriters will want to know more about your chronic back pain diagnosis. Common questions will be: How was your back injured? What is the medical diagnosis or injury? Is your back pain constant or intermittent? When did you first experience chronic back pain? How long have you experienced chronic back pain? How long do episodes of back pain occur? Are you limited in any way due to your chronic back pain? Are you taking any medications for chronic back pain? Have you had any surgical procedures to alleviate chronic back pain? Does your back pain interfere with your daily activities of living or restrict your life in any way? The questions above help the life insurance company understand the nature of your chronic back pain, the severity of your chronic back pain, and the impact that your chronic back pain has on your activities of daily living. ARE THERE ANY OTHER QUESTIONS THE INSURANCE COMPANY WILL HAVE? Life Insurance companies will also want to know your: Age Gender Height and weight Other health history or family health history Occupation and income Dangerous hobbies like paragliding or handgliding WILL I HAVE TO TAKE THE MEDICAL EXAM TO PURCHASE CHRONIC BACK PAIN LIFE INSURANCE? Your chronic back pain life insurance eligibility will be determined by the factors listed above. There are medical and nonmedical options available for life insurance purchasers. Nonmedical life insurance policies are often issued within 24 hours to one week. Medical life insurance policies are often issued within 6 to 8 weeks. Depending on the severity of your back pain and the nature of your chronic back pain, life insurance companies may want more medical information to make a proper chronic back pain life insurance eligibility determination. To do this, they would request an attending physician statement (APS) to determine your chronic back pain history and medical treatment plan. All medications you’re taking are considered before a life insurance company issues a life insurance policy. Depending on your medications, your rates will not be affected, or your rates may increase. Because people with chronic back pain are sometimes prescribed narcotic medications for pain control, the life insurance companies will want to know what medications you are taking. Narcotic pain medications pose a higher risk of addiction, which can affect mortality rates. Some chronic back pain sufferers experience so much pain they may accidentally overdose on pain medications. Although rare, life insurance companies are aware of this possibility. Chronic back pain may lead to depression in some patients. This may cause the need for additional medications to ease depression severity. Some medications may also have negative side effects that can affect your health. The life insurance companies must know your current and past medical prescriptions to evaluate your life insurance eligibility and premiums. WHAT TYPE OF LIFE INSURANCE PLANS WILL I BE ELIGIBLE FOR? Depending on the severity of your injury and the level of chronic back pain, you may be eligible for all types of life insurance protection. Term life insurance, universal life insurance, and whole life insurance are options available for most chronic back pain life insurance candidates. If your life insurance needs are for a specified period, term life insurance is the most cost-effective and affordable choice. If you’re concerned about future life insurance eligibility and want permanent life insurance protection, universal life insurance or whole life insurance policies are available. While these two plans are more expensive than term life insurance, they allow for lifetime insurance coverage and additional living benefits. WHAT’S THE GOOD NEWS ABOUT CHRONIC BACK PAIN LIFE INSURANCE ELIGIBILITY? If you are experiencing back pain, you’re in good company. The life insurance companies are familiar with assessing life insurance eligibility for individuals with chronic back pain. Some life insurance companies look more favorably on chronic back pain and the medications prescribed for chronic back pain patients. If you apply to the wrong insurance company, your application may get denied. If you apply to the correct life insurance company, you increase your chances of getting approved and getting the best life insurance rates available. SHOULD I GET LIFE INSURANCE NOW OR LATER WITH CHRONIC BACK PAIN? Each chronic back pain patient’s situation is different. If you have just had back surgery, the life insurance company will want to wait and see if you are medically cleared by your physician. If your surgery succeeds, once you’re cleared by your doctor, it would be an ideal time to apply for life insurance. Because many patients experience chronic back pain in the years following the surgery, purchasing life insurance after your surgery is complete (and you have no chronic back pain) is a smart financial decision. If you are experiencing chronic back pain, our general recommendation would be to purchase life insurance right now. If your chronic back pain gets better over time due to further treatments (surgery, physical therapy, exercise, etc.), then we can always help you apply for life insurance later to secure lower life insurance premiums. CONCLUSION If you have been diagnosed with chronic back pain, call us to help you understand your chronic back pain life insurance eligibility options. At Life Wealth Win, we specialize in healthy to high-risk life insurance cases. We can help you understand your life insurance options with chronic back pain. We work with clients across the nation to get the best life insurance rates possible. If you have chronic back pain, we can help you get the best life insurance rates. The post Chronic Back Pain Life Insurance appeared first on Life-Wealth-Win.
6 minutes | Nov 18, 2017
Asthma Life Insurance
If you have been diagnosed with asthma, you may be wondering about asthma life insurance eligibility. Getting life insurance with asthma is possible if you have the right insurance agent and insurance company. In this article, we will offer some background on asthma, the underwriting process for life insurance for asthma, and if you can get approved for life insurance with asthma. What is asthma? Asthma is a breathing and lung disorder that causes the airways within your lungs to swell and narrow. This can cause breathing complications such as wheezing, shortness of breath, tightness in your chest, coughing, and labored breathing. What causes asthma? Asthma sufferers have trouble breathing when inflammation occurs within the airways in their respiratory system. When an asthma sufferer has an asthma attack, the muscles around the airways and the lining of the air passages begin to swell and restrict your ability to breathe normally. Your tightening airways during an asthma attack reduce the amount of air that can pass through your respiratory system’s airways. Asthma can be caused by a number of events (either allergens or triggers). Some people with asthma have exercise-induced asthma; some people with asthma are affected by pollen or particulates in the air; some people with asthma are allergic to animals, and some people with asthma are allergic to smells or fragrances. How often do asthma attacks occur? Some people living with asthma experience symptom-free periods of time followed by an occasional asthma attack. Some asthma sufferers may have long-term asthma symptoms resulting in labored breathing or shortness of breath. What are the main symptoms of asthma? Wheezing, coughing and difficulty in breathing are the main symptoms associated with asthma. Asthma attacks may become dangerous medical events if breathing is significantly restricted. Asthma attacks can last for minutes in some people and days in other people. How does asthma affect my life insurance eligibility? Because asthma restricts your body’s airways and limits your ability to breathe optimally, insurance companies will want to know your asthma-related medical history. For people with asthma who occasionally have asthma attacks or episodes that are controlled with rescue inhalers, your life insurance rates and eligibility will rarely be affected. People who have chronic asthma and are on daily asthma control medications will still be able to qualify for life insurance. Insurance companies will, however, want to know more about your asthma condition and your doctor’s medical treatment plan. For asthma sufferers with severe chronic asthma symptoms, your life insurance options may become more limited. Most asthma sufferers with severe chronic asthma symptoms are prescribed steroid-based inhaled or oral medicines. Steroid-based inhaler medicines are viewed more favorably than oral-based asthma medicines. Different life insurance companies will have different underwriting guidelines for people living with severe chronic asthma. We can help you understand your best options for life insurance eligibility and approval (and get you the best pricing). What do the insurance companies want to know about my asthma? The life insurance companies will look at: When you were diagnosed with asthma The severity of your asthma Your prescription history The effectiveness of your medical treatment plan Your compliance with your physician’s medical recommendations If you are a smoker or a tobacco user Your height and weight Any other physical or medical impairments Other considerations for asthma life insurance eligibility The life insurance companies will want to know about your medical history regarding your asthma. If you are on steroid medications for asthma, the life insurance companies will want to know more about your medical treatment plan that your doctors prescribed. One area the life insurance companies are significantly concerned about is the use of steroid medications. Steroid medications are used with moderate-to-advanced asthma patients. Their use won’t impact your life insurance eligibility and rates unless you have a severe asthma diagnosis (and are on oral steroid medications). One other thing life insurance companies are worried about when they see steroid use for asthma is a diagnosis of COPD (chronic obstructive pulmonary disease). If you are taking an inhaled or oral steroid, we will work with you to fully explain your medical history and prescription history to the insurance company so that you will get the best life insurance rates possible (and help them understand that you don’t have COPD). Can I get approved for life insurance with asthma? Absolutely! We are here to help you understand your life insurance eligibility and acceptance options. We work with life insurance companies that view your asthma condition more favorably. By working with these companies, we can get you the best asthma life insurance rates, with the highest acceptance rates in the industry. How do I shop for the best asthma life insurance companies? The best way is to let us do the shopping for you! All life insurance companies do not view your asthma and medication history in the same way. Some insurance companies look more favorably on people with asthma than other insurance companies. Some insurance companies also have more flexible underwriting guidelines for medications. It is important to shop with someone like Life Wealth Win who understands each insurance company’s underwriting guidelines and prescription medicine acceptability. Conclusion If you have been diagnosed with asthma, call us, and we will help you understand your asthma life insurance options. At Life Wealth Win, we specialize in healthy to high-risk life insurance cases. We can help you understand your life insurance options if you’re living with asthma. We work with clients across the nation to get the best life insurance rates possible. If you have asthma, we can help you to get the best life insurance rates. The post Asthma Life Insurance appeared first on Life-Wealth-Win.
8 minutes | Oct 17, 2017
Nurse Life Insurance
If you are a nurse and are interested in nurse life insurance eligibility, then we can help you out. There are many reasons why life insurance for nurses is a great idea to have in place for your loved ones should you die unexpectedly. Nursing is an essential occupation that significantly benefits citizens of the United States every day. Without highly skilled nurses, our life expectancy and quality of life would be diminished. We are grateful every day for the contributions that are nurses provide to our society. Why is life insurance for nurses important? Nurses have a stressful and dangerous job. Nurses work with ill and injured people who are often facing life-threatening medical complications. Nurses also are working with sick or injured people who have contagious or otherwise-transferable illnesses and diseases. These issues can lead to a diminished lifespan for some nurses. The importance of life insurance in these cases cannot be understated. I’m a nurse, and I already have life insurance through work? Life insurance for nurses through work is a welcome workplace job benefit. Your employer owns this life insurance (they pay the premium), and you get the benefit of life insurance coverage as long as you work for this employer. If you change jobs or transition to another line of work, your life insurance benefit goes away. Just as you will be unable to take your health and medical benefits with you to a new employer, you will be unable to take your employer-provided life insurance with you to a new job. I have life insurance with my current employer, and I will have it through my next employer, why do I need to purchase life insurance? Because your employer-provided life insurance benefit is owned and controlled by your employer, they can choose to increase, decrease, or eliminate your life insurance coverage in the future. You need life insurance will never go away. Your employer’s willingness to pay for your life insurance may go away under a myriad of circumstances. Many nurses are injured or unable to work due to an illness. When you leave your place of employment due to injury, illness, or disease, you may be unable to qualify for life insurance coverage in the future. Owning life insurance that you pay for and control is a crucial financial safety net for nurses and other medical professionals. My life insurance through work is cheap or free? This can be a good situation or a bad situation. It’s good that you have access to free or cheap life insurance for nurses at work. It helps save money for your family budget and provides you with life insurance protection while you work for your current employer. It’s bad because it provides a false sense of security that this life insurance will be a benefit for years to come. Most people switch employers every 5 to 7 years, and their benefits package will change dramatically each time they change employers. If you do decide that you want to purchase life insurance at a later time, you may do so, but it will be more expensive the older you get. It is wise to choose to purchase a “base level” of life insurance that you own while having the rest of your life insurance coverage provided by your employer. How much nurse life insurance am I eligible for at work? This depends on your employer’s benefits package. Most nurses are offered one year’s worth of income as a life insurance policy. Some nurses can purchase additional life insurance through work for 1 to 3 times their base salary. If you make $50,000 a year as a nurse and purchase an additional three times your annual income in employer-provided life insurance, you would have access to $150,000 in life insurance protection. While $150,000 sounds like a lot of money, it only provides your family with three years’ worth of income replacement when you die. When you die, there will be other expenses that will pop up that will make this $150,000 disappear faster than you had imagined. Additional costs such as medical expenses, burial expenses, children’s education, college loan repayment, mortgage payoff, etc. may make your $150,000 in life insurance coverage quickly disappear. If you only have 1 times your annual salary in employer-provided life insurance, you can see how quickly your $50,000 in employer-provided life insurance goes away thereby placing your family and loved ones at great financial risk. Providing for your family and making sure that they are taken care of after your death is one of the most loving things a nurse can do for their family. Nurses selflessly give themselves to the rest of society every day at work, and we’re grateful for that. Do, however, make sure that your family is taken care of when the worst happens. When should I buy life insurance if I’m a nurse? The best time to purchase life insurance is right now. As you grow older, the cost of life insurance will increase as you age. As a nurse, you fully understand that people who are healthy one day can become sick the next day. As a nurse you may see people die on a daily basis. Most of these people never imagined they would become ill, sick, or die at that time of their life; life does not always go as planned. The best time to purchase life insurance is before you need it. The best time to purchase life insurance is before you become diagnosed with an illness. The best time to purchase life insurance is when you are younger, rather than older. What type of life insurance should I purchase? If you want life insurance as a nurse to cover you only during their working years, a term policy would be an ideal choice. If you want life insurance coverage to protect you for your entire life, a permanent insurance policy such as a whole life or universal life insurance policy would be appropriate. Term life insurance is like auto insurance. You pay a monthly premium, and when you die the life insurance company will pay your family a death benefit. If you stop paying your life insurance premium, life insurance coverage ends. At the end of the term for your life insurance (often 15, 20, or 30 years) you will not get your money back. Permanent life insurance such as whole life or universal life insurance builds up cash value which you can access while you are still living. Term insurance costs less than whole life or universal life insurance. There are “hybrid” life insurance policies that include a base level of whole life or universal life insurance, and an additional “rider” of term life insurance. These policies are great options for those wanting a higher amount of coverage in their working years, and permanent life insurance protection with access to cash value later in life. Which life insurance is right for me? It depends on your financial needs, your tolerance for risk, and your budget. We can help you understand your life insurance options as a nurse in order to help you determine the correct short and long-term life insurance plan for you and your family. How do I get started? Your first step will be to determine how much life insurance coverage you need. We are experts in this area, and can help you to assess your needs over the phone. Your second step will be to determine what will fit into your budget. Once we understand the coverage amount you’re comfortable with, we can approach our 40+ life insurance companies for quotes. What are my life insurance payment options? You can pay monthly, quarterly, or yearly with term life insurance policies. With whole life and universal life policies, you have other payment options (lump sum, etc.) Conclusion If you are a nurse, call us to help you understand your nurse life insurance approval options. At Life Wealth Win, we specialize in healthy to high-risk life insurance cases. We can help you understand your nursing life insurance options. We work with clients across the nation to get the best life insurance rates possible. If you are a nurse, we can help you get the best life insurance rates. The post Nurse Life Insurance appeared first on Life-Wealth-Win.
7 minutes | Oct 2, 2017
Back Surgery Life Insurance
If you’re looking for life insurance with a back surgery history, we can help you. We can help you understand your back surgery life insurance eligibility. Having back surgery is just one area that the life insurance company will want to know about before issuing your life insurance policy. The United States has the highest rates of spinal surgery in the world. If you have had a spinal surgery in the past, you are in good company with many other Americans. Over 80% of the population will experience lower back pain at some point in their lives. Why do people need back surgery? People undergo back surgery to repair damage to the spine or alleviate pain as a result of injury to the spine. There are a number of things that contribute to spinal injury: Accidents (auto, sports, recreation, employment, etc.) Repetitive injuries Being overweight (places stress on spine) Poor posture Hereditary spinal problems Ergonomic insufficiencies Disease or genetic factors How will having back surgery interfere with my life insurance qualification? Why you originally had or needed back surgery will be the first thing that the insurance company wants to know. If you have a hereditary or congenital back problem, the underlying medical issue may have more impact on your ability to purchase life insurance than the surgery itself. If you are involved in a workplace accident that resulted in back surgery, and you are completely healed from your surgery, then this would have less impact on your ability to purchase life insurance. If you are overweight and carry much of your weight in your belly area; it can cause stress to the lower spine. This may, over time, result in the need for back surgery. In this case, you’re being overweight will have more impact on your ability to purchase life insurance than the surgery itself. If you paraglide for recreation, and you took a hard landing that resulted in the need for back surgery, the insurance companies will want to know this. If you still skydive after your back surgery, your skydiving activities will have more of an impact on your ability to purchase life insurance than the back surgery itself. How has your injury or surgery healed? If you have had a successful back surgery and are then released by your doctor with no restrictions in the future; it will have less of an impact on your ability to purchase life insurance. Unless there are any underlying hereditary diseases or other medical spinal complications- you will be able to qualify for the best life insurance rates. Back surgery life insurance…what other things will the life insurance company’s look at? Life insurance companies will consider everything about you and your body when considering your life insurance eligibility. Here are just some of the things life insurance companies will consider before issuing your life insurance policy: Your height & weight Current illness & diseases Gender Foreign travel Habits/hobbies Marital status Medications prescribed Other life insurance in place Conclusion If you have had back surgery, call us to help you understand your back surgery life insurance options. At Life Wealth Win, we specialize in healthy to high-risk life insurance cases. We can help you understand your life insurance options with back surgery or other surgical medical conditions. We work with clients across the nation to get the best life insurance rates possible. If you have had back surgery or spinal problems, we can help you get the best back surgery life insurance rates. The post Back Surgery Life Insurance appeared first on Life-Wealth-Win.
6 minutes | Sep 20, 2017
Migraine Headache Life Insurance Approval
Getting life insurance if you have migraine headaches need not be a challenge for migraine sufferers. Migraine headache life insurance approval with the best rates is possible with the right insurance agent and insurance company. Migraines are not a life-threatening condition, so your migraine headaches will not restrict your ability to get the best rates for life insurance. The insurance companies, however, will want to understand what medications you are taking to control your migraine headaches. The good news is most people who get migraine headaches easily qualify for traditional life insurance coverage. For more severe migraine headaches, the medications used to treat migraines may affect your migraine headache life insurance eligibility and premiums. What are life insurance companies looking for with migraine headaches? Life insurance companies will always want to know your medical history before issuing your life insurance policy. They will want to know about your migraine headaches, medications, and other relevant medical information. They will also be interested in your: Age Sex Smoking status Height Weight Other medical conditions and prescribed medications Occupations Hobbies Family medical history (in some cases) Driving and criminal record (in some cases) How much will migraine headache life insurance cost? Your life insurance premiums will be based on these combined factors. Although you can’t change your height, age, or family history, you can improve other aspects of your body to get better life insurance rates. A proven way of getting better life insurance rates is to improve your health by having a healthy diet, exercising frequently, and quitting smoking. Doing so may help you save hundreds of dollars annually in life insurance premiums. The life insurance underwriters will also want to know: When were you diagnosed with migraine headaches? The insurance company underwriters will want time to pass to assure you are medically stable and complying with your doctor’s treatment plan. If you have been recently diagnosed with migraine headaches, it may be more difficult to qualify for standard life insurance rates for at least 12 months. The longer you have had migraine headaches, the better educated you become on what triggers a migraine attack. You and your doctor also become better educated on how to control and manage your migraine headaches. The frequency of migraine headaches Infrequent migraine headaches are better from a medical perspective. If you have frequent migraine headaches, it could be a sign of other health issues, such as phonophobia or photophobia. These factors will be evaluated before a life insurance company issues a standard or substandard life insurance policy rating. Migraine management or control treatments The life insurance company underwriters will want to know how you are controlling and reducing the triggers for your migraine headaches. Are you identifying and eliminating foods, exercises, or other trigger mechanisms? Are you using and benefiting from alternative treatment plans, such as chiropractic adjustments and massage? What medications are you taking? Some medications will cause unintended reactions within your body. Some medications used for migraine headaches also affect your heart rate. The underwriters will want to know if you are on NSAID medications or analgesics to control your migraines. Too many medications taken simultaneously will require extra time to evaluate for the insurance company underwriters to determine your proper rate class. Frequent migraine headaches not controlled well with medication may be a sign of other underlying health issues or diseases that will require further medical evaluation. Diagnostic tests The underwriters will want to know if you have had any diagnostic tests in the last 12 months. X-rays, MRIs, or other medical tests that will help the underwriters evaluate your condition and assure your headaches are not associated with other medical conditions, such as glaucoma or meningitis. Migraine triggers If you know what your triggers are for migraine headaches and can avoid them, it could help you qualify for a better life insurance rating and policy. Have you ever been hospitalized due to migraines? – Most insurance companies will inquire about past hospitalizations, whether it be from migraines, illness, or injuries. If your migraines are bad enough to require a hospital visit, the insurance companies will look closely at your medical condition. How much does migraine life insurance cost? Your migraine is only one area that insurance companies will look at when determining what to charge you for life insurance. If you are of average health, height, and weight, you will be approved for a standard policy rating. If you have other medical conditions like diabetes, epilepsy or stroke, it may increase your rates, as the insurance companies will rate you at a substandard policy rating. If your migraines, health, or weight improve, it is possible to get your life insurance policy re-rated later. The most important thing is to get your migraine headache life insurance now, and we can always shop around for better rates as your health improves. Conclusion If you have been diagnosed with migraine headaches, call us to help you understand your migraine headache life insurance options. At Life Wealth Win, we specialize in healthy to high-risk life insurance cases. We can help you understand your life insurance options with migraines or any other medical problems. We work with clients across the nation to get the best life insurance rates possible. If you have migraines, we can help you get the best migraine headache life insurance rates. The post Migraine Headache Life Insurance Approval appeared first on Life-Wealth-Win.
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