What is Seasonal Affective Disorder? Seasonal Affective Disorder (SAD) is a type of depression that occurs at the same time each year. Symptoms typically begin in the fall and last through the winter months, often worsening until spring. Though less common, people with the opposite pattern will see their symptoms begin in the spring or [...]
Archive for the ‘Life Insurance Medical Questions’ Category.
Patient safety is not only the concern of hospitals, but also of the insurance companies that pay so much of the bill and are often responsible to consumers for the healthcare provided under their plans. In 1999 an Institute of Medicine report found that an average of 98,000 Americans die each year because of medical [...]
Life insurance protects the consumer from financial loss at the point of death. It might not be something you want to think about, but it is necessary if you don’t want to leave behind a legacy of debt to your loved ones. Anyone with a dependent should purchase life insurance; otherwise, their spouses, children, or [...]
There are a couple of ways to get this information, if you are truly worried (though your company, by law, is not allowed to release your information to anything but the MIB). The first way is to simply ask your insurance company agent. You can also go to the MIB website (www.mib.com). Or, finally, you [...]
The answer to this question is not simple. Medicaid is a state-administered program. This means that the eligibility requirements can vary depending on where you live, and it is possible that a life insurance policy might affect your ability to be eligible for Medicaid benefits. Under federal guidelines for Medicaid and eligibility for it, life [...]
Can I Convert to An Individual Life Insurance Policy After Retirement Without Needing A Medical Exam?
If you are facing retirement and you are seeking an individual life insurance policy instead of a group plan, as long as you convert before the cancellation date, or within 30 days of the termination of your old policy; you will not be required to submit yourself to a health examination. Many companies will cover [...]
If you become unable to pay your life insurance premiums due to disability or loss of work, there are a few options that may help. First, many insurance policies include a temporary waiver of premium payments in the event of temporary unemployment or disability. You should check your policy to see if you can invoke [...]
If My Disability Left Me Uninsurable For Medically Underwritten Life Insurance, What Are My Options?
Yes! There are options. You can try group insurance and guaranteed issue life insurance policies that may be good choices for you, if your disability leaves you in a position that you can’t acquire medically underwritten life insurance. Group insurance does not require individual underwriting, because it is spread out over a group of policyholders, [...]
For people who are disabled and need insurance, there is always the option of a group life insurance policy. No longer do disabled people have to worry about not being able to have insurance, or that they have to depend on others for their insurance. Many companies do not ask people who apply to state [...]
In general, it will be necessary to undergo a medical exam to obtain full life insurance coverage. In order to properly assess the risk that your policy represents to the company, some basic medical information will be required for actuarial purposes. The insurance company will set your premium rates based on the amount of risk [...]