Health Insurance Advices

Christmas is a time for sharing magical moments with your nearest and dearest. For most people, that means the family – even if they don’t like to admit it! Maybe you’re having an extended family Christmas and travelling to relatives in other parts of the country. Or perhaps you’re doing your own thing and celebrating Christmas by visiting a new part of the UK. Wherever you’re going, there’s an easy way you can make sure you’re not left out of pocket by the unexpected this Christmas – and we don’t mean all the sprouts getting eaten.

Whatever your travel plans for the festive season, UK travel insurance is highly recommended. Especially if you

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In general, men do end up paying more for term and whole life insurance.  There are many reasons for this, but the bottom line is that life insurance companies see men as a higher risk and believe they will be more likely to pay a death benefit to men.

Not only to men die at a younger age than women, but they tend to live riskier lives.  They can partake in riskier activities such as racing, sky diving, and other adventure sports.  This isnt to say that women do not participate in these activities, but it is more often men.

Men are also more likely to have heart disease, diabetes, stroke and cancer.  Part of this is due to the fact that they are less likely to see the doctor on a regular basis.  Me

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Have you ever dreamt of being a travel writer? We’re launching a brand new monthly travel writing competition and we’re extremely excited to tell you about it. It’s called My World First and it gives you the chance to show off your flair for the written word and entrance us with your travel tales. You can win some great prizes too. Like a Kindle. More on that in a second.

The theme for the competition is world firsts. We want to know about your first-time travel experiences. It could be anything from the first time you flew on a plane to the first time you drove a hire car abroad. Let your creative juices flow. Each month, the entries we receive will be rated by our panel of judges. Their

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The old saying, act in haste and repent at leisure, may be very applicable to the area of caravans and their insurance.

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Okay, so it was suggested to you that you were in the best health class (Preferred Best) when you were shopping around for term life insurance quotes.  You submitted an application and your policy was issued at Standard Plus (the third best class) and, accordingly, at a higher premium.  How did this happen?

There are several reasons your premium was higher than your term life quotes:

• Maybe the lab results came back with a few items in ranges that would lead to a lesser health class.  As an example, lets say your cholesterol reading was 240.  If you had known that when you received your life insurance quote (and relayed that information to the agent), you would have been quoted in the proper health class.

• You underestimated (guessed?) your weight when getting your quote, so your actual weight (as measured in your medical exam) was higher, bumping you into the next health class.

• Your initial quotes did not take into consideration certain health factors, such as blood pressure, cholesterol, family history of heart disease or cancer, driving record, involvement in risky profession or activities.  All were taken into account during underwriting.  This is sometimes used as a bait-and-switch technique.

• Your agent did not make sure that you answered all the questions on the application thoroughly.  If an agent is doing his job properly, he/she will make note of any trouble areas on your application and discuss with you the possibility of a different health class (and higher premium).

The moral of this story is, make sure your initial life insurance quotes are based on specific health factors; if you arent sure of some health questions, let that be known; be forthcoming on your application and; be aware that your quotes are only initial quotes and may differ from the insurance companys final offer, especially if any of the points above are evident.

If you would like life insurance quotes that take into account your health profile, feel free to get quotes for term life insurance, universal life insurance and return of premium term life insurance.

You wouldnt think of life insurance companies as an option for mortgage lending, but times are changing.  According to the New York Times article Insurers See An Opening in Commercial Mortgages by Julie Satow, the commercial mortgage market has been volatile and this is allowing life insurers to take advantage of this market and become stronger lenders.

The mortgage industry has been plagued with weak investor interest, wary lenders and continuous warnings from rating agencies about the high risks associated with mortgage lending.  This gave life insurers a unique opportunity to participate more than usual in mortgage lending.  

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