Insurance Blog

There is always some confusion among term, whole and universal life insurance. All these insurance types are normally offered by insurance companies and insurance brokers, but how do they differ from each other? We will clarify the differences in this article. First of all, one needs to understand the overall classification of these insurance types. As per the chart below, there are two basis insurance types, term and permanent, and they are based on coverage length: if coverage is available for a period of time, ...
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The topic of cancer and life insurance is not an easy one. Cancer is a disease that falls into the category of critical illness, so all insurers treat it as a higher risk. If you were diagnosed with cancer or you are a cancer survivor, getting a life insurance quote and buying a life insurance policy is not as straight-forward as it would be for people with manageable diabetes. In this article we will highlight the options that are available to you, and also provide ...
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Getting life insurance is not always easy for people whose health is affected by illness and pre-conditions. Insurance is all about risk management, therefore many medical issues are seen by insurers as increased risk – and they price that risk accordingly. If your prognosis is not good then it may be even more challenging to find life insurance. However, other safeguarding strategies like writing a will could be completed with the assistance of an estate planning attorney. Before starting, however, it is important to note ...
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There are many situations when people start thinking about life insurance, such as at birth of a child, protection of newly purchased assets (e.g. house), etc. However, the search for life insurance (market research, getting a quote, buying a policy) for some people is more complicated. There are situations when life insurance companies prefer not to take the risk and opt to reject your life insurance application. Are you at risk of being declined and if so, what can you do about it? Fortunately, there ...
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Despite many people's best intentions, they put off getting life insurance. Sometimes it's the thought of their own death or disability that disturbs them, other times it's just a convenient thing to push to the back burner. After all, what are the chances of something happening to you...right? Unfortunately, accidents, death and illness happen and sometimes with very little warning. When something does inevitably happen, the need for life insurance becomes much more urgent. So, why life insurance for Parkinson's patients? For example, did you ...
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Insurance websites offer numerous articles about ways to reduce your life insurance costs, but there is a particular category of people who cannot use many of these tips since the only policies they qualify for are life insurance no medical or guaranteed issue. These type of insurance have both positive and negative aspects. On the positive side, they come without medical tests and, in some cases, without any medical questions. On the negative side, you pay more for the coverage and the amount of coverage ...
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With age comes wisdom and an acceptance that life is finite. As seniors enter their golden years, many reflect on their life and the legacy they wish to leave behind. Many also realize end-of-life costs, especially funerals, can cause a burden for their loved ones. With the best interest of their family and for their own peace of mind, they turn to funeral insurance for seniors. There are five important things seniors interested in funeral insurance should ask in order to get the best quote: ...
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While there are many reasons someone could suffer a heart attack – inherited heart disease, smoking, unhealthy eating or lifestyle, high levels of stress – one thing is common: a heart attack is a terrifying experience not only for the individual who suffers it, but also for that person’s loved ones and family members. After this experience, the question becomes, “how do I get life insurance after heart attack at a fair rate?” Many people who have suffered heart attacks have a very difficult time ...
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Hearing that you have diabetes is stressful. The thought of injecting insulin and radically altering your diet can be overwhelming. On top of that, diabetes can be an expensive condition to live with as insulin prices are extremely high! This is why some diabetics often look for companies who offer cash for diabetic test strips so they can make treatment more affordable. Thankfully, the good news is that you can still have an excellent quality of life. Small changes add up to good health over ...
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Here's an infographic breaking down the differences between Term and Permanent Life Insurance.  Which one suits your needs? ...
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