ACCELERATED UNDERWRITING LIFE INSURANCE Many companies are adopting a streamlined process of approving applications for life insurance known as “accelerated underwriting.” This new process is the future of life insurance underwriting as it continues to evolve and improve. Accelerated underwriting life insurance or quick issue term can reduce the approval of a life insurance policy.. More

How Much Life Insurance Can You Purchase Proving Financial Justification When determining how much life insurance you can purchase, the upper limits are determined by terms and conditions set by each life insurance company. These terms and conditions vary by company. Life insurance is often purchased to replace lost income. There are other considerations a.. More

Naming a Minor Child as Beneficiary There is a potential problem in naming a minor child as a primary or contingent beneficiary on their life insurance policies. If death occurs while your children are still minors, the life insurance company can’t pay benefits until the court appoints a guardian. That takes time and money for.. More

Calculating Your Life Insurance Age You might be older than you think! Sometimes there is confusion when applying for life insurance regarding how life insurance companies determine your age.  Calculating your life insurance age is different than the way most people look at the natural age. Let’s say your age 55; you know you are.. More

Life Insurance for Non-U.S. Residents Purchasing life insurance for non-U.S. residents & foreign nationals can be a challenge. However, If you are a non-U.S. citizen, you can still buy affordable life insurance. Who is a non-resident, and what determines whether you are eligible to purchase life insurance for your family? Determining Factors: Do you visit.. More

Life Insurance for Physician Residents Purchasing life insurance as a physician resident or while in a fellowship program is a very important decision. It is a perfect time, especially if you are married and have children. At this point in a career, there is small net worth or a net worth of zero or even.. More

Annual Renewable Term Life Insurance  Annual renewable term life insurance is a short-term life insurance policy solution. Unlike regular term insurance that ranges from 10 years to 30 years, this term is purchased in one-year increments and renews annually.  After the first year, premiums are recalculated each year. You pay more for the same death.. More

Sleep Apnea and Life Insurance If you have sleep apnea, you can still qualify for affordable life insurance. Underwriting possibilities vary for sleep apnea resulting in various rates.  However, this condition also has significant implications for a person’s health and life expectancy. Sleep apnea is defined as the temporary cessation of breathing during sleep and.. More

The Bermuda Triangle of Life Insurance Benefits, The Goodman Triangle Life insurance and the Goodman Triangle is an important topic when considering your life insurance designations. One significant benefit of life insurance is that the death benefit is usually tax-free. The beneficiaries receive the death benefit, and no one worries about paying any taxes on the.. More