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Getting a health exam when buying a policy

The first thing you should know that even though no exam life insurance seems more convenient, most of these policies cost AT LEAST 2 – 3 TIMES MORE than policies which do require an exam. If you are young and healthy, or even older and healthy, we would not recommend that you apply for a no exam policy if you want to save money. We would generally say you should never buy a no exam policy unless unless you are afraid of needles and the paramedical exam process, and want to get coverage prior to seeing a doctor about it.

Understand Renewal Policies

You can renew most term insurance policies for one or more terms even if your health has changed. Each time you renew the policy for a new term, premiums may be higher. Ask what the premiums will be if you continue to renew the policy. Also ask if you will lose the right to renew the policy at a certain age.

What Is the Difference Between Term Life Policies

What Is the Difference Between Term Life Policies Is it just Price? A common question we hear when talking to people about life insurance is “what’s the difference between term life insurance policies?” The answer is: living benefits & convertibility options. Our term life insurance quoting system at pacificinsurancegroup.com will generate a free instant life insurance quote without requiring personal information but typically when people request an application it is always for the cheapest life insurance quote. Then when we call the person interested in life insurance and we ask them “why did you select XYZ company?” The answer is…

Buying Life Insurance? Buy when you are younger…

Term life insurance generally is less expensive when you are younger and in relatively good health. That’s not generally the time in life when most of us think about buying term life insurance, but actually, that’s the best time to save money. Waiting until later in life when you’re a bit older and maybe dealing with some medical issues can drive up your premiums and may even prevent you from buying term life insurance at any price.

Diabetes and Life Insurance

If someone has diabetes and looking to take out life insurance it is prudent to speak with a knowledgeable independent insurance agent because some insurance companies are way more favorable when it comes to underwriting someone with diabetes.  Life insurance company underwriters specifically analyze the proposed insured’s lab results from the paramedical exam when determining what rate class they will offer the person taking out the life insurance policy.  An A1C level below 5.7 is considered normal and an A1C level between 5.8 and 6.4 is considered pre-diabetic.  Typically, physicians will diagnose someone with type 2 diabetes if the A1C…

Never too late to get a Life Insurance Policy.

While turning 40 might make you feel old on the inside, you’re still young enough to buy a policy that can protect your family in the event of your death. Actually, most insurance companies that write term life insurance policies will insure people up until their 60s! Still, time is of the essence. Because life insurance rates tend to rise as you age, the cheapest time to buy a policy is now. Come talk with us at Pacific Insurance Group, we work with several carriers and provide multiple products that will suit your specific needs.

Life Insurance and High Blood Pressure

If someone has high blood pressure being controlled by medication the good news is they can still qualify for preferred life insurance rates.  Someone who is diagnosed with having high blood pressure and taking medication for it can still get the best rates available as long as their readings fall within the preferred plus underwriting guidelines.  With most life insurance companies someone’s blood pressure has to be better than 135/85 in order to qualify for preferred plus rates. It is important to work with a knowledgeable independent life insurance agent who is appointed with multiple insurance companies because life insurance…

Determine your goals for Life Insurance

Generally, an insurance agent will help you determine an appropriate coverage amount for the policy by examining some of the key costs your family will have in years to come, such as the cost of child care, education and the mortgage. Another approach is to figure out how much income you’re expected to earn over your lifetime, while it might be tempting to think of life insurance in terms of a dollar amount, it makes more financial sense to tie that amount to a goal, like paying off a mortgage or college tuition. Come talk to us at Pacific Insurance…

Choose the right company to insure your life in Bellevue

If there’s one thing that’s important in an insurance company, it’s that the company outlives you. Look at the financial stability of the insurer as well as customer service ratings. There are plenty of helpful online insurance ratings and reviews to help you decide. Do plenty of research, talk to your agent and make sure you look at the their history as well as their outlook. Come talk to us at Pacific Insurance Group, we will help you pick the right policy with the right provider, we work with several companies and have access to several products and are focused…

How to Supplement Retirement Income using Cash Value Life Insurance

Under the current tax code life insurance cash values compound tax deferred which can be an appealing alternative to standard brokerage accounts because of the tax savings. Moreover, properly structured withdrawals and loans from a cash value insurance policy are tax free as long as the policy remains in force until the insured’s death. Maximum funded cash value life insurance policies can be a great solution for people looking to save money and supplement retirement income. High Income Earners The definition of a “high income earner” can vary but for the sake of this argument lets classify them as someone…