How a life insurance examination can save your life
February 20th, 2012 5:05 AMAlthough life insurance deals with everyone’s final destination, there are cases where buying a policy has extended someone’s life by alerting them to an unknown medical problem. The most obvious example is basketball star Magic Johnson, who learned he was HIV positive after undergoing an extensive physical for a new life insurance policy. Another NBA player, Fred Hoiburg, had a life insurance exam that uncovered a heart deformity. It required open-heart surgery that ended his basketball career but probably saved his life.Full Story »
Top Headlines
- The insured’s Bill of Rights
- January 13th, 2012 4:04 PM
- You bought a life insurance policy to ease the financial burden of loved ones upon your death. But that policy also contains a number of rights and options, some of which can help you get through your own financial hiccups through life. When young and single, you might start off with less expensive term insurance. As your needs and income grow, you have the right to convert to a permanent form of insurance—universal, variable or whole life—without proof of insurability.Full Story »
- Category: Life Insurance
- Who is a good candidate for term life insurance?
- January 12th, 2012 12:12 PM
- Financial security is a top concern for anyone these days, especially for young families or those just starting out in life. Saving up for a down payment on a house, car or college tuition means the topic of life insurance can take a back seat to seemingly more pressing issues. Yet this is precisely the kind of financial instrument that can provide parents with the financial security they and their offspring would need in case of an untimely death—through a tax-free payout from the insurance company.Full Story »
- Category: Life Insurance
- What is a life insurance contestability clause?
- January 12th, 2012 10:10 AM
- When you purchase a term life insurance policy or a whole life insurance policy, the policy remains contestable for several years following the issue date. In simple terms, if the insurance company receives a claim shortly after the policy was issued, the company has the right to rescind the policy or deny a claim if fraud is suspected. Full Story »
- Category: Featured Story, Life Insurance, Videos
- If you have stomach cancer can you get life insurance?
- January 2nd, 2012 4:04 PM
- Stomach (gastric) cancer is no longer a leading cause of cancer-related deaths in the U.S. as it was before the 1930s and still is around the world. Full Story »
- Category: Featured Story, Life Insurance
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