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Getting Life Insurance After Stent or Bypass Surgery

 
Almost everyone who’s had coronary artery disease (CAD) and who has had a stent, stents or bypass surgery is insurable for life insurance, but the cost can vary greatly depending on your exact CAD diagnosis, how well you’re doing since treatment and your overall health otherwise.  
 
You could possibly qualify for “Regular” or Standard rates if you’ve had no heart attack and if your health is good otherwise, you were diagnosed over the age of 50 (the older, the better), you only have 1 or 2 coronary arteries other than the left main (LM) or left anterior descending (LAD) arteries that were involved, all of your cardiac check ups since onset have been good, including a good recent stress test (completed within past 18 months).  
 
If you were diagnosed with CAD before the age of 50 and/or if you have had a heart attack with no significant heart damage and ejection fraction of 50% or higher, with only 1 or 2 coronary arteries involved, you could qualify for a policy with a slight table 2 or 3 rating or additional charge.
 
If you’ve had a heart attack or were diagnosed with coronary artery disease prior to the age of 40, if your CAD involves 3 or more of your coronary arteries or if you’ve had multiple incidents of CAD, then many insurance companies will decline you or you’ll be more highly “rated” or charged a table 4, 6 or even 8 rating than you would for less severe disease.
 
If you have had a heart attack with more significant heart damage and your ejection fraction is less than 50%, if you have recurrent chest pain after treatment, had an abnormal stress test after treatment or if you have multiple issues like CAD and diabetes or CAD and a stroke, many (but not all) insurance companies with decent rates will decline you, regardless of how many coronary arteries were involved. 
 
“High risk” or guaranteed issue companies will still offer you coverage, but it can get expensive and the insurance could have a limited death benefit payout if death occurs in the first 2 or 3 policy years and is caused by heart disease or another disease/illness.
 
 

If I’ve Been Treated, Why Can’t I Get a Better Offer

Coronary artery disease is a progressive type of disease, so you’re never really “cured” even if you had stents or bypass surgery. 
 
Whether you’ve had a heart attack or not, the extent of your disease (i.e. the more coronary arteries involved and the % of blockage in each artery prior to treatment) and how well you’ve done since treatment will be a big determining factor regarding the rate for which you’ll qualify.  
 
Having no heart attack prior to the discovery of your CAD is better than having a heart attack.  1 stent being placed is better than 2 stents, 2 stents is better than 3 stents, etc.  A double bypass is better than a triple bypass, a triple is better than a quadruple, etc.  
 
If the cardiac catheterization report from your CAD incident showed that you had other blockages that were not large enough to require treatment at that time, this could be another issue which could result in a higher than expected rate being offered. 
 
Even if the blood is flowing smoothly through your coronary arteries now, this does not mean it will continue to do so in the future.  
 
After I had a cardiac catheterization prior to my aortic valve replacement, my cardiologist told me it can take about 10 years for completely clean coronary arteries to build up enough plaque to cause a potential problem.  
 
If you had a heart attack, stents, bypass surgery or any coronary artery disease diagnosis and don’t change your diet, don’t start exercising, don’t lose weight or don’t stop smoking, there’s a high likelihood that you’ll have another cardiac issue which could kill you.   
 
Even if you do everything your cardiologist tells you to, you could still have another incident. This is why life insurance companies usually charge more to people with coronary artery disease. 
 
 

So How Do I Get Best Offer After a Heart Attack, Bypass or Stents

As you can see by now, insurance companies will take a lot of criteria into consideration regarding your specific cardiac and other medical history and what rate they may offer you.  
 
Some insurance companies are great for coronary artery disease and some are definitely not.  
 
If you need life insurance but have had a heart problem, a good strategy for you could be to obtain all of your cardiac medical records including the results of your cardiac catheterization report from your initial incident and any later catheterization reports you may have had.  You could provide these medical records to an agent you trust will work in your best interest.  
 
We’ve spoken to many extremely frustrated people who have applied for life insurance more than one time and were always declined.  Some of these people have been given completely wrong information by other agents and told that no insurance company will offer them life insurance.   
 
Most life insurance companies will not insure me, but I’ve shopped my own cardiac medical records to so many insurance companies and I was able to get life insurance at the best rate possible.
 
We do this all of the time and I’d be happy to do this for you and it won’t cost you anything.  
 
With your cardiac medical records, I (or any good agent who has a lot of experience with heart cases) can shop your records to the best insurance companies for heart disease to get offers from numerous insurance companies before having you sign any applications. 
 
This will save you a lot of time and frustration as opposed to just applying to a random company through Joe Agent who represents only one or a few companies or who has little or no experience on heart issues. 
 
 

Case Studies- Getting Life Insurance with Coronary Artery Disease

Shopping CAD cases is not easy, especially when only relying only the answers to questions that you provide. 

Most people don’t know the specifics about their cardiac history that the insurance companies will need to provide an accurate quote.  I don’t know every detail that shows up on my echocardiograms, so I understand most people are not going to know a lot of detail.   

Things like which vessels were bypassed or stented, what was the percentage of blockage in your vessels prior to intervention, what’s your current ejection fraction, etc. 

Here are some examples of a few cases we recently shopped and the outcomes.

Male age 49 with 1 Stent placed at age 48

This first one for a 49 year old male with no heart attack and 1 stent placed at age 48, was definitely an exception to the norm.

We got this gentleman a Standard or Regular rate with no additional rating with one insurance company, whereas a different company offered him a table 5 rating.

Table 5 is five higher rating classifications than the other “Standard” offer!  

We quoted this gentleman table 2 and 3 rates prior to having him apply as these are normal best case ratings for anyone with 1 stent placed prior to age 50. 

After selling 10,000+ insurance policies we’ve learned never to rely on any one insurance company to make best offer, since anything can turn up during underwriting.

We we had  this 49 year old apply for Standard rates with the two most probable best insurance companies for him. 

The first company offered him the standard rate of $3,184 per year and the second company offered him the table 5 rate of $5,724 per year due to “moderate to severe CAD at a young age”. 

This is a savings of $2,540 per year and these offers are from companies that are both relatively aggressive for coronary artery disease cases and both companies have offered Standard rates in past for 1 stent CAD cases. 

CLICK HERE TO GET ACCURATE STENT(S) OR BYPASS QUOTE

Male age 49 with 1 stent placed at age 48, also with left bundle branch block and sleep apnea

This case is similar to the above, but the outcome was much different.

This gentleman also had 1 stent placed a year ago, indicated he’s had good cardiac follow ups since and good stress test results within past 12 months, he also has left bundle branch block and sleep apnea for which he uses mouthpiece.  He also quit smoking about 18 months ago. 

I also quoted him table 2 to 3 rates as a range of the cost but had him apply for Standard rates with the two most probable best companies for him. 

One company offered him a table 4 rate and the other offered him a table 5 rate.

The reason for the higher than expected ratings was that even though he only had 1 stent placed in his circumflex artery, his medical records showed that he had coronary artery disease in other vessels including moderate disease in the left anterior descending artery. There was also mention in his records of fact that “he needs to be considered for intervention to two other lesions”. 

As as we always do when we get a higher than expected offer, we shopped his case to other carriers.

We were given one Table 3 offer from another carrier, but this carrier’s table 3 rate was actually $637 more per year than the Table 4 offer that was made by the first company. 

IMPORTANT: Pay less attention to the rate class for which you qualify (i.e. Standard, Table 2, Table 4, etc.), and only focus on the actual cost of the policy. 

We also got several other Table 4 offers, one Table 5, a couple Table 6 offers, one table 8 and several companies indicated they’d actually decline this gentleman. 

No other companies were able to beat the table 4 rate for which this gentleman already qualified and this offer was accepted.

Even if we’ve quoted higher rates, we always have our clients apply for a better rate class as we don’t want the underwriters to assume we are okay with anything but the absolute best case offer.

CLICK HERE TO GET ACCURATE STENT(S) OR BYPASS QUOTE

Male age 58, 4 stents placed 3 years ago

This gentleman had a total of 4 stents placed in two separate procedures a month apart, never had heart attack and indicated he had a good stress test 6 months ago.  He also had 2 cardiac catheterizations since the stents were placed due to chest pain but he indicated that these tests ruled out CAD as the issue for his pain.

I quoted him table 4 and 5 rates based on above and had him apply to the 3 most probable best insurance companies for him as he wanted to apply for both whole life insurance and term insurance. 

The whole life company and one of the term companies declined him after we submitted his full medical records and the one underwriter summarized her reason for the decline as follows:

“progressive Coronary Artery Disease with need for multiple interventions in past, unstable Angina, Atrial Fibrillation, and excess Alcohol use.  Insured has had 4 stents. He has had to have 4 cardiac caths due to either abnormal cardiac testing or ongoing cardiac symptoms. The last dr visit indicates he still had uncorrected CAD and if medical management does not work he will need bypass. So basically we have a guy only age 58 w/ multivessel disease and not all lesions have been corrected.”

While I can always go back to underwriter about having 2 to 3 Miller Lights a day to request reconsideration, the other issues were significant and valid reasons for almost every company to decline.  

The other term insurance case was still alive, but there was mention of possible sleep apnea in medical records and his doctor recommended sleep study for which this gentleman just had and provided me with copy that showed moderate sleep apnea for which he was prescribed CPAP and started using.

There is usually a 6 month waiting period after a CPAP is prescribed to make sure the patient is compliant with its use. I was expecting another decline or postponement, but I provided the underwriter with all of the sleep apnea info and asked for approval…..and the underwriter approved at a table 5 rating which even shocked me as I was fully expecting a higher rate to be offered.

The case was placed at table 5 and this gentleman was happy to get such a great offer.

CLICK HERE TO GET ACCURATE STENT(S) OR BYPASS QUOTE

Male 52, Quadruple Bypass Age 45 

This gentleman contacted us after he hard time qualifying for life insurance.

He had no heart attack, but had some tightness in chest and some light headedness at age 45 and it was determined he had significant coronary artery disease and he had quadruple bypass. 

We had him apply to the 2 most probable best insurance companies for him and we quoted him table 4 to 6 rates as a range of the cost prior to him applying.

The first insurance company declined him due to fact that his cardiac medical records showed he had diffuse CAD throughout his coronary arteries including vessels that were not bypassed but may require intervention in future.

The second company approved him at a table 5 rate due to his extensive CAD and atrial fibrillation mentioned in his medical records.  We reviewed his medical records and saw almost no evidence that he had atrial fibrillation except for possibly a few incidence of irregular heart beats right after his open heart bypass surgery.

It is our experience that many people may have some irregular heart beats after open heart surgery. 

We pushed back to underwriter and emphasized how there were no mentions of a-fib in past several years in medical records and that his cholesterol, BP, blood sugar and everything else was pretty good and asked her to improve on the offer…….

The underwriter changed offer to a Table 4 and case was placed!

CLICK HERE TO GET ACCURATE STENT(S) OR BYPASS QUOTE

Conclusion- Getting Life Insurance After Stent/Bypass Surgery

As you can see from above, the offers you’ll get after having a stent or stents placed or after bypass surgery can vary greatly based on your exact cardiac history. 

Apply to the wrong company and you could end up being declined or charged much more than you should be charged.

Use your better judgement when determining if any agent or agency you decide to apply through seems to be familiar with stent or bypass cases and ask them what happens if you don’t end up qualifying for the rate you’ve been quoted. 

We’ve shopped thousands of coronary artery disease cases, but even we don’t pick the best company on our first try, every time.  

But we do have the perfect system to “re-shop” any case and we obtain all medical records so we can easily “flip you” to any other insurance company later.  

We’d recommend avoiding those smooth talking call center insurance agents as their only goal is to get you to apply and then move onto next case.   

If you’d like to get a quote with no obligation on your part to do or pay anything, or if you don’t want to be called 15 times by the call center insurance agents trying to get you to apply through them (we’ve heard the horror stories), simply click on the link above, answer the health questions and we’ll email you quotes and information. 

We’re too busy shopping tough cardiac cases to hassle you to apply through us, but we will do our absolute best to get you the best offer possible if you’d like to give us the opportunity? 

Check Out Related Articles

 
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Problems In Life Insurance Underwriting for Heart Conditions

Click Here for Accurate Heart Condition Quote

Heart ConditionIf given the opportunity, we do everything we can to get anyone with a heart condition the best life insurance rate and value. 

While the majority of the heart patients we do business with do qualify for the rates we quote up front, there are times when higher rates are offered. 

The problem in quoting up front is that we usually need to rely only on the information that you give us to quote accurate rates and to choose the best insurance companies for you.  

Your cardiologist probably tells you you’re doing great, and you probably are, but you may not know what abnormalities are showing up on your echocardiogram, EKG, cardiac catheterization results, holter monitor results, etc. 

All of these cardiac test results will have key information that can better enable us to shop your case and find you best offer. 

On cases that are more complicated, we will usually ask you to send us a copy of your most recent cardiac test results if you can easily obtain them.   

If you’re hesitant to send medical records or medical test results, we understand, which is why we always tell everyone to white out their name and any identifying information prior to faxing or emailing to us.  

Having shopped my own cardiac case, which was no easy task, and shopping thousands of other tough heart cases….we’ve learned a thing or two and have gotten very good at finding the best offers possible for anyone with any heart condition.

Case Studies- Tough Cardiac Cases 

Male age 60 with long standing but stable atrial fibrillation which causes him no symptoms and for which he takes aspirin daily, sleep apnea for which he uses a mouthpiece to control and overall excellent health otherwise.  He’s a personal trainer, exercises regularly and eats very well. 

Based on above and on past A-fib cases we’ve shopped, we quoted him a $500,000- 15 year term with a most probable best case range of cost of $277- $369 per month.   

The higher of the 2 rates above is usually the best case rate class based on his medical history, but we were hoping we could get credits for excellent health otherwise and because his Afib has been stable for some time.    

Since anything can turn up in underwriting, we had him apply to the 2 most probable best insurance companies for him. 

Upon receiving his medical records, there were some abnormalities in his echocardiogram including mild to moderate pulmonary hypertension, the mitral and pulmonic valves show mild regurgitation and the tricuspid valve showed mild to moderate regurgitation.  

There were also some minor issues in his lab results from insurance exam including his GGT liver function being slightly elevated and both his fructosamine and hemoglobin A1C were borderline, which could increase his likelihood of developing type 2 diabetes someday.  

Both company A and company B offered him higher $500,000- 15 year term rates as follows: 

Company A: $491 per month
Company B: $620 per month 

Never Accept a Higher Offer…Without a Fight

Whenever we get an offer that is higher than expected, we always try to negotiate for a lower offer. 

If that doesn’t work, or when there may possibly be a better option, we shop the case to other insurance companies to get other offers. 

This “continued shopping for better offer” is what sets us apart from our competition as no other companies (that we know of) are doing this.

Shopping the case after we get approvals is more work for us and it’s not easy, but we are committed to getting every heart patient the best offer possible!

So, how do we “re-shop the case”? 

On the Afib case above, we sent the following summary out to 8 more “aggressive” insurance companies for their opinion: 

Male – NS – */**/1957 
Exam – fam hx – Father 64 MI –heart dis diag’d age 60; Mother died age 70 IPF –Build 5’9 226lbs BP 116/74 114/78 and 118/80 Pulse 64
4/16 – constant cough of the chest. Acute sinusitis; cough
2/16 – cardio – OSA; Afib chronic; pulm HTN;  chol
1/16 echo – LA mildly enlarged; RV mildly enlarged, RV 3.5cm; RA mildly enlarged. Nl AR. AV – tricuspid, mildly calcified and sclerotic w/o visibly impaired cusp excursion. MV mild leaflet thickening w/ MR. Mild to moderate regurg. PAP 38mmHg; RA pressure 15mmhg. Venous – dilated IVC w/ poor inspiratory collapse c/w elevated mean RA pressure (RAH) a/p mildly thickened and myxomatous mitral and tricuspid leaflets w/ mild MR/ Mild –moderate TR. Mild PI. Mild Aortic sclerosis. Mild RA/RV enlargement w/ RAH. Mild LAE. Borderline LVH w/ preserved systolic function. Mild –moderate pulmonary HTN. PASP decreased slightly from 43 to 38mmHg compared to 2013 – Measurements – RVDd 3.5; IVSd 1; LVIDd 5.9; LVIDs 3.7; LVPWd 1.1; AR 3.5; A ascend diam 3.4;
LA 4.2; EF 55%
8/15 – check up – meds – Xanax – BP 119/80 Pulse 80 – 70 inches 221lbs – PE nl – a/p nl PE
12/13 cath  – nl LVSF. Mildly elevated LVED pressures consistent w/ diastolic relaxation abnl. No sign stenosis to LM. LAD w/ no angio sign stenosis. No sign stenosis of Circumflex. No sign stenosis of RCA
12/13 myocardial perfusion – moderate amt of anterior wall ischemia. No infarction
11/13 echo   – conclusion – thickened and myxomatous mitral and tricuspid leaflets w/ mild – moderate MR/TR. Bilateral enlargement w/ RAH. Mild RV enlargement. Borderline LVH w/ preserved systolic function. Mild – moderate pulm HTN
11/13 – Sleep study AHI 5 

Based on above, we received 2 declines, two possible table 2’s, one possible table 3, two table 4’s and one table 6 offer.   

All of the offers from the other companies were higher than the lower rate for which this gentleman already qualified of $491 per month. 

We recommended he accept a policy from the best company and we also showed him rates at $250,000, $375,000 and $500,000 of 10 and 15 year term in case the $500k 15 year term rate was more than he wanted to spend.  

Click Here for Accurate Heart Condition Quote

Mitral Valve Repair then Replacement at Young Age

34 year old male, had a heart valve repair at age 21 and then a heart valve replacement at age 30.   

He indicated the main issue was that he had a bicuspid aortic valve with aortic stenosis, but all follow up checkups since valve replacement were “perfect” and “great”. 

We shopped his case based on information he provided and got some table 4 to 6 offers and he decided to apply. 

After he applied, we obtained all of his medical records which were not as perfect as we were expecting.   

In addition to his valve repair and valve replacement, he had postpericardiotomy syndrome, his aortic root was enlarged at 4.4 cm and his ejection fraction (EF) had gotten progressively worse since his valve replacement as follows: 

2013 Echocardiogram- EF 61%
2014 Echocardiogram- EF 56%
2015 Echocardiogram- EF 52%

While his cardiologist told him he’s doing great, from a life insurance underwriting standpoint he does have some ongoing issues which may require another intervention someday.   

Insurance underwriters like to see stability in cardiac test results.  These issues were enough to cause the insurance companies to decline him.   

We continued to look for other companies to make him an offer and we were able to find him coverage, but at a cost that was almost 3 times higher than the original rates he had applied for, and this was for graded benefit coverage only.   

Coronary Artery Disease with 1 Stent

Male 44, 1 stent placed 1 year prior, but with no heart attack and no heart damage.  He was not sure what vessel was stented, but did tell us that “all follow ups have been good since”. 

We quoted him a $500,000- 15 year term rate of $81- $107 per month, and told him the higher rate would be the more likely best case rate based on his age when diagnosed and/or if the stent was placed in his left main or left anterior descending vessels. 

We had him apply to the two most probable best insurance companies since there is never any guarantee of the rate that will actually be offered.   

Upon receipt of his medical records, we learned that the stent was placed in his circumflex artery, but that he also had a 75% to 80% stenosis or narrowing in his left anterior descending (LAD) artery and a 50% to 70% stenosis in his right coronary artery (RCA).  The LAD and RCA were not stented. 

He also had some abnormalities in the urine specimen from his insurance exam which we assumed were caused by a kidney stone, but this added some concern to the underwriters. 

The stenosis in LAD and RCA that were not stented also added some concern to this case due to the progressive nature of coronary artery disease and considering these vessels may need to be stented or bypassed in future.  

One of the insurance companies postponed him based on the above and fact that he had an abnormal urine specimen which is believed to have been caused by kidney stones.  This insurance company wanted a second urine specimen that was normal before offering.  Best case offer with clean urine was going to be $146 per month for $500,000- 15 year term. 

The second company offered him a $500,000- 15 year term rate of $132 per month, which is a good offer based on all of the cardiac details in his medical records and based on the insurance exam lab results.  We recommended that he take the offer, which he did.   

Click Here for Accurate Heart Condition Quote

Bottom Line- Obtaining Life Insurance With Heart Condition 

Anything can turn up during the underwriting process, whether in your medical records or on your insurance exam results. 

There will likely be things in your medical records that your doctor has not discussed with you and that could possibly be a concern for life insurance underwriters. 

Life insurance companies will also test for things in your blood and urine that most doctors won’t test for, like NTproBNP, all liver functions, etc. 

Any life insurance quotes you are given prior to going through the underwriting process are rough estimates only.

If the person quoting you has little or no experience with underwriting your specific heart condition, then the original quote or estimate you’re given could be way off.

Or you could apply and then be declined for insurance……then what do you do?

If the agent, broker or website you’re dealing with is like most and has no interest in putting in the work to shop your case effectively and/or if they have no system to shop your case, then you may feel like you’re “up a creek without a paddle”. 

This is not the case anymore, as we re-shop cases that other agents could not place or were not willing to shop all of the time!!

If you have a heart condition and need help getting the best life insurance rate, please call us at 1-800-380-3533, click here to email us or simply complete the form in “accurate quote” link above and we’ll do everything we can to get you the best offer!

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Need Life Insurance for an SBA Loan

life-insurance-sba-loan.png

So you need life insurance for an SBA loan.  That’s no problem, but how do you get the best rate and coverage to fit your specific need?

Then how you do know you’re getting the best rate and coverage available?

There’s close to 1,000 life insurance companies that offer insurance in the United States, but only about 121 of these will offer the best rates and products for the general population.

The number of insurance companies gets smaller if you’re only looking for a term insurance policy to cover an SBA loan.

If you don’t care about getting the best rate and/or value, than you could call a local broker in your town or you can just buy from the first website that shows up when you google “need life insurance for an SBA loan”.

The Problem With Buying Any Policy To Cover SBA Loan

If you deal with the wrong agent, broker or insurance company, it could take months for you to receive your policy.

You may also only qualify for a significantly higher rate than you’re expecting, since you have to remember that ANY agent can quote you ANY rate whether it’s accurate or not. 

If you have health issues like heart problems, diabetes or if you may be overweight, this can make qualifying even tougher. 

Thousands of people are misquoted on their life insurance each month, so you want to make sure you don’t get stuck paying much more than you have to for life insurance.

There is an easy fix if you qualify for a higher rate than you’re expecting and your agent is not willing to shop to get you a better offer, or if he/she lies to you and tells you that all insurance companies would make you a similar offer.

Find out before you apply to any company if your agent will make sure that your policy is assigned to the lender in a decent time frame after you’re approved or if it is strictly up to you to make sure your policy is assigned to lender. 

Dealing directly with any life insurance company can be a major hassle, going into voicemail system, getting re-routed from department to department, getting incompetent or “first day on the job” employees.  There are very few insurance companies with excellent or even good customer service nowadays.  A good agent or broker will handle these issues for you, so you don’t have to deal directly with the insurance company.  

How To Get Best Insurance Policy To Cover SBA Loan

The best way to describe this is to use an example of case we did for a 58 year old gentleman who needed $500,000 of 20 year term for his SBA loan.

During first 5 minute contact with this gentleman, he answered health/avocation questions.  We had a laugh that his overall health was excellent according to him, even though he eats donuts and drinks soda every day.

I sent him an email with the top insurance companies available to him for $500,000 of 20 year term based on my database search of rates from 121 different insurance companies.  In my opinion, the lowest rate is not always the best value.  So I showed him products from several different insurance companies with monthly cost as follows:

$181- $211- Cincinnati Life (Lowest Cost)
$198- $223- Columbus Life (Lowest Cost with best Critical & Chronic Illness Living Benefits)
$212- $251- Principal Life (Lowest Cost No Exam)

(Due to ongoing price-war between term life companies, rates right now are lower than above)

I usually show the 2 most probable best rate classifications for each company since there is no way to know the exact rate class for which anyone will qualify until they go through underwriting.  Plus, the fact that this guy told me he eats donuts and drinks soda every day made me nervous about only quoting best rates.

This gentleman opted to apply for lowest rate from Cincinnati Life and we got his approval at best rate class of $181 per month within 14 days of submitting his application.

This was a quicker approval than most fully underwritten (i.e. that require insurance exam) products take, which is why I gave him the option of the “no exam” product up front.  Getting the best rate was the most important factor for this client, so he was okay with having exam.

This gentleman was happy with the outcome and fact that he got the lowest rate in the country for his life insurance.  I told him to keeping eating those donuts and drinking that soda, as it seems to be working for him:)

After he paid for his policy, I provided him with the assignment form per his request.  The lender wanted to deal directly with the insurance company regarding the assignment, even though we offered to handle it.  So I provided contact information to his lender and the lender did the rest.

What If I Have Health Problems and Need Life Insurance for SBA Loan

If you need life insurance to cover an SBA loan and have health problems, the process is basically the same as for people with no health problems.

There will be more work for the agent/broker you deal with in trying to narrow down best rates and insurance companies for you if you have health or other underwriting issues (i.e. private piloting, scuba diving, etc), so you’ll really need to ask more questions of the agent/broker you’re going to deal with up front, before you commit to applying.

Ask the agent things like:

  • “How many (fill in your health or other issue) cases do you do each year?”
  • “Do you think I’ll have a shot at qualifying for a Standard rate or what is the likely best case table rating I can expect to get?”
  • “How many different insurance companies can you offer me?”
  • “What happens if I’m declined or I only qualify for a higher rate than you quote me, do you have a system to find me better offers?”

What you don’t want to have happen is that you get suckered into applying from that smooth talking agent that has no clue how to quote people with your particular issue and/or applying to the agent who has no system or way of placing you with a different insurance company if the first insurance company you try doesn’t work out.

A Solution for Even the Toughest Life Insurance Cases

A perfect example of a tough SBA loan case I shopped recently was for a 67 year old male with Granulomatosis with polyangitis also known as GPA Wegener’s disease, an autoimmune disorder.

This gentleman just started taking prednisone and rituximab infusion a month before contacting me so I knew most companies would decline him as the norm is you must be off medication and symptom free from the GPA Wegener’s before most insurance companies may consider making offer.  

This gentleman was told he had to have $250,000 of 10 year term for his loan.  We shopped with every life insurance company to find him offer and the best case offer was going to be $798 per month. 

$798 per month is a lot of money to pay for 10 year term, so I also quoted him a no exam product for which he could easily qualify and $150,000 would cost $603 per month or $100,000 would cost $404 per month. 

He inquired with lender to see if any lower amount of insurance would suffice and they ultimately allowed him to use another form of collateral for his loan.

IMPORTANT: If you have more serious health issues and are told that you must have life insurance to secure your SBA loan, first try to get the lender to accept any other form of collateral for loan repayment in the event of your death.  Don’t pay for life insurance if you don’t have to.

If you are still required to have life insurance for your loan, make sure you find an agent or broker that is highly experienced in shopping tough life insurance cases.  

Bottom Life On Getting Life Insurance for Any Loan

After you verify that the life insurance is absolutely required, remember that applying to the wrong company or through wrong agent/broker could cost you thousands and thousands of dollars over the life of your policy or you may end up not qualifying at all.

Having to to start the process all over again with new agent or broker would be an extreme waste of time!!!

If you need information on obtaining an SBA Loan or you have loan related questions, you can visit the SBA loan program website.

If you’d like to check out best rates available to you, complete the information in the “Instant Life Insurance Quotes” module to the right.

If you’d like help in finding the best life insurance rate, please feel free to call us at 1-800-380-3533 or just click here to email us.

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Best No Exam Life Insurance for Very Overweight People

If you need life insurance and you’re very overweight or obese and don’t want to have an insurance exam with your height and weight measurements taken, then we have a solution for you.

You probably already know that being overweight will have an impact on the cost of your policy or it could result in you being declined altogether.

Fortunately, we can offer you insurance from a couple carriers that currently have no height/weight requirement.

The best one of these companies will currently offer you a maximum of $150,000 and the rates are surprisingly competitive.

For example, below are rates for $10,000, $75,000 and $150,000 of guaranteed level premium term insurance to age 100 at various ages. These are unisex rates, so males and females pay the same price and so do smokers and non-smokers. These are monthly rates:

 $10,000$75,000$150,000
Age 30:$8$29$53
Age 40:$10$50$96
Age 50:$16$94$183
Age 60:$29$190$376
Age 70:$56$392$779

 

If this doesn’t already sound too good to be true, you don’t even need to have an insurance exam or blood or urine test to qualify.

CLICK HERE TO SEE IF YOU CAN QUALIFY

You must be able to answer “NO” to several questions to qualify and one of the most important questions you must be able to answer “NO” to is if you have ever applied for and been rejected for life insurance.

This does NOT mean that you may have been told verbally or in an email by any agent, broker or insurance website that you could not qualify for life insurance.

This DOES mean that you formally applied for life insurance with ANY life insurance company and you received a letter or other communication directly from the insurance company that indicated that they declined you or rejected you for life insurance due to health or other reasons.

Once you’re declined, you’ll no longer be eligible to qualify for this no exam coverage, so you may want to consider purchasing this no exam life insurance before applying to any other insurance company.

How Do I Know If I Could Be Declined for Weight

If you’re considering purchasing life insurance and you weigh even close to the weights shown in chart below and/or if you are overweight and have any other health issues (i.e. diabetes, sleep apnea, uncontrolled cholesterol, uncontrolled high blood pressure, etc), you could possibly be declined with some insurance companies.

5’ 0” – 233 pounds
5’ 1” – 241 pounds
5’ 2” – 248 pounds
5’ 3” – 256 pounds
5’ 4” – 265 pounds
5’ 5” – 273 pounds
5’ 6” – 281 pounds
5’ 7” – 290 pounds
5’ 8” – 299 pounds
5’ 9” – 308 pounds
5’ 10”-  317 pounds
5’ 11”-  326 pounds
6’ 0” – 335 pounds
6’ 1”  – 344 pounds
6’ 2”  – 354 pounds
6’ 3”  – 364 pounds
6’ 4”  – 373 pounds
6’ 5”  – 383 pounds
6’ 6”  – 393 pounds

CLICK HERE TO SEE IF YOU CAN QUALIFY

If you are overweight and have not had a medical check up within past year or so, it is possible that your blood sugar, blood pressure or your cholesterol levels could be abnormal and any of these issues could cause you to be declined for the life insurance if your weight is even close to weight shown in chart above.

If you happen to apply to the wrong company, like Allstate, State Farm, Farmers or any other insurance company that is not liberal for weight issues, then you could be declined!

What Are The Pros and Cons of This No Exam Coverage

This no exam coverage provides full death benefit amount that you purchase on first day that policy is placed in force. So whether you die by any disease, sickness, illness or by accidental means, your beneficiary would get the full amount of life insurance as soon as the policy is placed in force.

This is NOT graded benefit coverage for which there is a 2 or 3 year waiting period before full benefit amount would be paid for death by disease, sickness or illness.

This is a term life insurance policy with a guaranteed level premium to age 100. Your premium will never increase and you can cancel at any time.

The coverage amount is projected to remain level to age 100 as well, however it can be decreased after 10 years for the entire group if there’s unexpected mortality of the group. For example, if there is a significant number of death claims at one time due to a catastrophic event, the insurance company can decrease the coverage amount for the entire group after the policy has been in force for 10 years.

Important to note, the insurance company has NEVER decreased the coverage amount on this product and it is priced so they should never have to.

The bottom line is that this is a great option for you if you are significantly overweight and you need life insurance but don’t want to have an insurance exam.

CLICK HERE TO SEE IF YOU CAN QUALIFY

Other Reasons This Coverage Is Great!

If you’re a type 1 or type 2 diabetic, you can currently qualify.

If you have arrhythmia or irregular heart beats you can currently qualify.

If you’ve had a Heart valve repair or replacement you can currently qualify.

If you have any autoimmune disorder you can currently qualify.

If you’re involved in motorized racing, skydiving, mountain climbing, private piloting, scuba diving or other potentially hazardous activities, you can currently qualify.

You’ll be under no obligation to keep this policy for any period of time.

So if you happen to drop weight some day and/or if a better rate or policy becomes available to you in future, you can simply cancel this insurance and start up with a new policy.

If you apply today, you could have the policy delivered to your home in about 2 weeks.

If you don’t want to go through the regular application process which can take 4 to 6 weeks or longer, this no exam life insurance is a great option for you.

We understand that you may not be comfortable being weighed by someone you don’t know and it’s great that more insurance companies are offering no exam life insurance.

So How Can I Get More Information and Possibly Apply?

Call us at 1-800-380-3533, click here to email us or simply click on link below to get a quote and details.

CLICK HERE TO SEE IF YOU CAN QUALIFY

This should be the easiest solution for you to get life insurance that does not require an exam or a blood/urine test!!

 

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Heart Attack and 2 Stents Gets Standard Rate!

I received a call from a 74 year old gentleman who had recently purchased life insurance and he had a heart attack 5 years ago with 2 stents placed.

He was approved for a Table 4 rate with Protective Life for $250,000 of 10 year term through one of the big online life insurance websites.

The big online life insurance websites are not capable of shopping cases like this one effectively, plus they offer too few insurance companies to get you best offer.

Like many people do when they are “rated” for life insurance or charged a higher rate than they were expecting, he decided to look for a better offer and he found our site and gave us a call.

He answered all of my usual heart attack questions including fact that he had an excellent stress test 8 months ago and I was fairly confident we could get him a better offer and for possibly longer duration coverage than the 10 year term plan he accepted through Protective Life.

So I inquired with all of the “players” that offered 10 year term and longer duration coverage at his age, American General Life, Banner Life, Cincinnati Life, Columbus Life, Genworth Life, John Hancock, Lincoln National, Mass Mutual, Met Life, North American Company for Life & Health, Ohio National, Pacific Life, Penn Mutual, Principal Life, Prudential, Symetra Life, Transamerica and United of Omaha.

I received a couple “standard” to table 2 or 3 verbal offers and I relayed this info to this gentleman.

He was surprised when I told him he could possibly qualify for a $250,000 policy with a guaranteed level rate and coverage for the rest of his life that could have a lower cost than his 10 year term plan.

IS GETTING A STANDARD RATE AFTER A HEART ATTACK REALLY POSSIBLE?

I get it, if something sounds too good to be true, it probably is……but this is not always the case.

I told this gentleman he has nothing to lose.  We’ll obtain his medical records and get a more definitive offer.

If a better offer is not ultimately made, this process won’t cost him a dime.

He really had NOTHING to lose!

He gave me the okay to try for a better offer and I had him sign forms for the most probable best 10 year term company and the most probable best permanent company.

We ordered his medical records and upon receipt we verified that the info he provided up front was fairly accurate and I was expecting great offers to be made.

Important to note: We order medical records on almost every case, this way we can easily provide medical information to any other insurance companies later and can get other offers very quickly if we need to. 

It took a little negotiating, but we were able to get him a new $250,000- 10 year term plan that was $4,056 per year less than what Protective offered.

Even better, we were able to get him a $250,000 policy with a guaranteed level rate and coverage for the rest of his life and that was still $984 per year less than what Protective offered him for 10 year term. 

He accepted the permanent policy and was extremely happy with the outcome. 

HOW DO YOU GET A STANDARD RATE AFTER A HEART ATTACK

It’s not easy and most people who’ve had a heart attack will be “rated” for life insurance.

But even if you can get a table 2 rate instead of a table 3 rate, or a table 3 instead of a table 4, a table 4 instead of a table 5….. and each higher table rating equates to about a 10% to 15% increase in your cost, you could save thousand’s of dollars over the life of your policy!

Some things that will likely be required of you before you have any shot of getting best offer possible after a heart attack are:

  • All cardiac check ups since MI must be good with no chest pain or other issues.
  • You will have to have had a good stress test within past 12 months.
  • Cholesterol levels, blood pressure and blood sugar will all need to be very good.
  • Good height/weight
  • Your ejection fraction will need to be 50% or higher and/or you cannot have had significant heart damage caused by the MI.
  • The less vessels that had blockages, the better. 
  • The lesser the % of blockage in each vessel, the better
  • The older you are when you had the heart attack, the better. 

I HAD HEART ATTACK AND WANT BEST LIFE INSURANCE RATE, WHAT DO I DO?

Most importantly, make sure that whatever agent you deal with has access to all of the quality insurance companies, not just 10 or 20. 

Also make sure that the agent you apply through has some sort of system to leverage or to negotiate for a better offer and that they have the ability to “re-shop” your medical history later, in case you don’t qualify for the rate you’re expecting.

My guess is that if you ask ANY agent if they can re-shop your case later to other companies, they’ll say “yes”, but the reality is that they probably won’t.   

Click on this link if you’d like to get an accurate heart attack life insurance quote emailed to you and we will search our database of rates from over 121 insurance companies to find you best offer.

Don’t worry, we will never call you unless you ask us to and we won’t hassle you to buy from us.

We’ve heard the horror stories of what online insurance agents do, calling over and over which is what we call “sales harassment”.

We don’t know which industry is worse, life insurance or mortgages, when it comes to sales harassment.

I made the mistake of providing my contact info on bankrate recently when looking for mortgage refinance rates.  I had to tell all 8 or so people that contacted me that I was only looking and not interested.

We are here to help you, not harass you!

Don’t hesitate to call 1-800-380-3533 or click here to email if you have any questions or if we can help you.

 

 

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Applied For Life Insurance But Didn’t Get Rate I Was Expecting

Typical scenario: you were quoted a rate before applying and you were satisfied that it was a decent rate so you decided to apply.  

You waited the 4 to 6 weeks for medical records to be received and underwriter to make approval and the rate you’re offered is higher than you were quoted initially.  

Your agent will likely tell you it’s a really good offer based on the results of the underwriting process.  He/she may even tell you that all other insurance companies would charge you a similar rate.

Hmmmm, to believe or not to believe your agent?  That is the question on everyone’s mind when this happens. 

We can tell you that there will almost ALWAYS be a better rate available to you.

The problem is that most independent agents don’t want to put the work in to getting you a better offer and/or they don’t want to make less money by finding you a better rate. 

If you applied through your State Farm, Farmers, Allstate or other “captive” agent, he or she cannot offer you any other company’s rates.  So you’re stuck.

CLICK HERE IF YOU’D LIKE US TO RE-SHOP YOUR CASE

WHY WAS I MISQUOTED ON LIFE INSURANCE

There’s a few reasons you may have not qualified for the rate you were originally quoted.

1. Most life insurance companies have about 11 to 19 different rate classifications for which you could qualify.  This varies from insurance company to insurance company, but most companies are offering Preferred Plus, Preferred, Regular Plus or Standard Plus, Regular or Standard, Table 2 or B, Table 3 or C, Table 4 or D and some companies offer all the way up to a Table 16 or P rating.  With so many different rate classifications, you can see how it’s not always easy to quote an accurate rate.

2. Based on thousands of inquiries we received from others like you, we do believe that there are still agents that have no clue how to quote accurately especially on tougher cases.  There are also thousand’s of agents who have no clue how to go about trying to get you a better rate.

3. Any agent can quote you ANY rate whether it’s accurate or not.  There are still agents that are intentionally quoting low rates to get you to apply through them, it’s called the “bait and switch” mentality.  They quote you a lowball rate initially to get you to apply with the intent of trying to convince you to accept a higher rate after approval is made.  If your agent cannot give you specific reasons why you qualified for a higher rate than you were quoted originally, it’s time to cut ties with that agent.  

EXAMPLES OF LEGITIMATE REASON FOR HIGHER OFFER

If your A1C on insurance exam was a lot higher than you indicated originally, or if you had heart attack that did cause more significant heart damage than you were aware of, or if you did have stents placed and your cholesterol levels are still abnormal, etc.  These are the kinds of things that can result in you qualifying for higher rates than you were expecting.

Ask a lot of questions to your agent about why you qualified for a higher rate and ask them for tips on how you can get your rate reduced. Don’t accept vague answers and you really need to turn your BS meter on in these situations to determine if you’re getting truthful or accurate information.

WE HAVE SOLUTION TO FINDING YOU A BETTER RATE

So what do you do when you’re offered a higher rate than you were expecting and your agent is not willing or able to get you a better offer. 

Easy solution, click here to email us, call us at 1-800-380-3533 or simply click the link below and complete this form and we will email you with better offers from the 121+ quality insurance companies we can offer you.

CLICK HERE IF YOU’D LIKE US TO RE-SHOP YOUR CASE 

Since 1969, we’ve saved consumers hundred’s of thousand’s of dollars on their life insurance by re-shopping their case after receiving a higher than expected offer. 

We also do a LOT of cases every month for people whose original agent, not us, was not willing or able to shop their case. 

We are always happy to shop your case for a better offer and the process can be as easy as you only having to sign a new form!!

IT’S NOT COMPLICATED TO RE-APPLY FOR BETTER RATE

Here is what you should do if you qualified for a higher rate than you were expecting:

  • If you got any approval, have the policy issued regardless of whether you decide to accept it or not.
  • Most life insurance companies attach the Part 2 medical exam questionnaire to your policy; remove this questionnaire as this can be used for ANY life insurance company
  • Make sure that you get a copy of the lab results from your free insurance exam (you are entitled to receive copy)
  • Send us a copy of your insurance exam questionnaire and a copy of your lab results and we will inquire with every life insurance company to get you a better offer.

You can fax to us at 215-836-0828 or click here to email it to us or mail it to:

6001 W. Valley Green Road
Flourtown, PA 19031

CLICK HERE IF YOU’D LIKE US TO RE-SHOP YOUR CASE

RECENT CASES WE SHOPPED

36 year old male, good health, answered NO to tobacco/nicotine and marijuana question on app.  Was originally approved for $500,000- 20 year term smoker rate of $152 per month with United of Omaha.  After he admitted to occasional marijuana use and regular use of nicotine gum, we shopped his case and got him offer of $54 per month.  This saved our client $1,176 per year!

34 year old male diagnosed with type 2 diabetes in 2012 and his diabetes has been very well controlled and his health was good otherwise.  His financial adviser got him a $1,000,000- 30 year term rate of $250 per month with Protective Life.  This 34 year old called me and explained the situation.  As soon as he told me what insurance company his adviser had placed him with I knew I could get him a significantly better offer and we ultimately got him a $1,000,000- 30 year term rate of $171.94 per month.  This saved our new client $937 per year!

37 year old male approved for a $3,000,000- 30 year term rate of $522 per month with USAA due to having a slightly elevated NTproBNP on his insurance exam results.   We shopped his case to all carriers and we were able to get him a total of $3,000,000 of 30 year term with 2 different A+ rated insurance companies with one of the policies that had critical and chronic illness living benefits built in and with a combined cost of $331 per month.   This saved our client $2,292 per year and provided him with a much better value!

63 year old male called us after he was told by several agents that they couldn’t help him because he had an aortic valve replacement and a stroke one year ago.  We shopped his case to numerous companies and most declined, but we were ultimately able to get him a Table 5 non-smoker rate with A+ rated Penn Mutual Life. 

65 year old male with currently well controlled type 2 diabetes and stage 2 chronic kidney disease for which his kidney functions have been stable for a good period of time.   He was paying $7,400 per year for life insurance and this rate was going to increase each year going forward.  We were able to get him a rate of $5,484 per year that was guaranteed to remain level for 25 years or up until his age 90 with Lincoln National Life.   We saved him $1,916 this year alone and got him a much better policy with a long duration guaranteed level rate!   

41 year old male was declined by Northwestern Mutual due to having coronary artery disease with 3 stents placed at age 37.  His NWM agent told him he shopped his case to other carriers, but that they all declined.  After we obtained his medical records and shopped it to every competitive insurance company stressing that his lipids were currently excellent and we emphasized that he had a recent stress test with excellent results, we were able to get him a table 6 rate with Principal Life. 

42 year old male was declined by Protective Life due to cardiovascular disease with heart attack in late 30’s and some incidents of chest pain after 6 months since angioplasty.  This 42 year old had some other underwriting issues, including his brother and father both having died from heart attacks at relatively young ages.  This was not an easy case, and both Banner Life and American General Life told me they may make offers, so we submitted apps to both and American General ultimately made the better offer.   This insured had a young child and was all too familiar with the problems a sudden death could cause due to his family history, so we are happy we were able to get him covered!!

36 year old female was declined through other agent and was told no company will offer her coverage due to her height/weight of 5’ 4”- 296 pounds.  This woman told us her cholesterol, blood pressure, blood sugar and overall health were really good otherwise.  We have a friend who is a head underwriter at one of the most well known life insurance companies in our country who has made us underwriting exceptions on these type of cases and she was able to approve this case for us when no other quality companies would.   

We have shopped thousands and thousands of cases like these above over the past 46 years.  What we’ve learned will save you money!!!

CLICK HERE IF YOU’D LIKE US TO RE-SHOP YOUR CASE

IT DOES NOT MATTER WHAT YOUR ISSUE IS

It does not matter whether your underwriting issue is diabetes, heart problems, cancer or other health issue or if you’re a scuba diver, private pilot, motorcycle racer, etc. 

Our process is the same regardless of your issue, we shop with every quality insurance company and we will get you the best rate and value possible!

While we’re pretty good at narrowing down best insurance companies to use on our first try, even we don’t get it right the first time, every time. 

This is why we order medical records on every case, so that we can easily “flip you” to any other life insurance company later to get another quick offer.

Our goal is to make the “re-shopping” process as hassle free as possible for you!!

 

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Life Insurance For The Severely Overweight

CLICK HERE FOR ACCURATE OVERWEIGHT INSURANCE QUOTE

The most aggressive insurance companies for people who are very overweight today, will change in the future.  

Whether it’s Prudential, Protective Life, Met Life, Minnesota Life, John Hancock or any other companies that may have the most aggressive height/weight guidelines for the seriously obese right now, they may not next month. 

Not to long ago, some of the companies above used to allow about 40 pounds more than they do now, before they’d decline anyone. 

These companies must have been insuring too many overweight people and wanted to reduce that particular risk.

So obtaining life insurance for the severely overweight is possible, following are the current maximum weights that can still qualify for term coverage from all of the quality term insurance companies.   

5’ 0” tall-       292 pounds                          
5’ 1” tall-       296 pounds                          
5’ 2” tall-       300 pounds                               
5’ 3” tall-       308 pounds                          
5’ 4” tall-       316 pounds                          
5’ 5” tall-       323 pounds                          
5’ 6” tall-       330 pounds                          
5’ 7” tall-       338 pounds                         
5’ 8” tall-       346 pounds                         
5’ 9” tall-       355 pounds                         
5’ 10” tall-     364 pounds                        
5’ 11” tall-     372 pounds                         
6’ 0” tall-       380 pounds                         
6’ 1” tall-       389 pounds                         
6’ 2” tall-       398 pounds                          
6’ 3” tall-       408 pounds                          
6’ 4” tall-       416 pounds                         
6’ 5” tall-       425 pounds                         
6’ 6” tall-       434 pounds                         

So if you weigh more than the above, even only a pound or two more, the best term carriers for overweight people will decline you. 

Important to note:  Any insurance company can change their height and weight guidelines at anytime.  So we shop each case thoroughly to make sure we don’t miss any updates as we can offer you coverage from hundred’s of different insurance companies.  

If you do happen to weigh more than the above, you’re still insurable as there are a few insurance companies that currently have no height/weight requirement.  While most of these companies only offer Whole Life insurance, there is currently one company that offers term life and that has no height/weight requirement.

As an absolute last resort for people that are severely overweight and have other serious health issues, there are graded benefit term and guaranteed issue Whole Life rates available.  This type of coverage is expensive, won’t pay out full death benefit amount for death by disease/illness in first 2 or sometimes 3 years and it’s usually only offered at low amounts like $150,000 or less.    

It is a good thing to know that life insurance for the severely overweight is possible. 

CLICK HERE FOR ACCURATE OVERWEIGHT INSURANCE QUOTE

Click the link above to get the most accurate overweight life insurance quote possible or you can check out some of the insurance companies we can offer you by using the Instant Life Insurance Quotes tool to the right. 

Please also feel free to call us at 1-800-380-3533 or simply click here to email us with any questions or if you need more information.  

 

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Best Life Insurance Rate for Pilots With No Instrument Flight Rating

Small Plane Taking OffCLICK HERE TO GET ACCURATE PILOT INSURANCE QUOTE

Even as little as a few months ago, the best life insurance rate for a private pilot without an instrument flight rating would usually be the 2nd best “Preferred” rate on best case basis and this was only with the really aggressive companies for pilots. Many insurance companies may also only offer a Standard or Regular rate and others may even charge an extra premium to all private pilots.

I’ve learned time and time again that I can never assume anything in this business and if I don’t shop with EVERY quality life insurance company to get every pilot the best offer, I may miss an opportunity to get my client’s the absolute best offer possible!!

I just shopped a life insurance case for a private pilot with no instrument flight rating and two different A+ rated insurance companies offered their absolute lowest “Preferred Plus” rate class.

This is great news for any private pilot who needs life insurance or who already has life insurance, but may not have been offered the best rate.

This case mentioned above is the perfect example of why we offer you life insurance from hundred’s of different companies and why we always shop with all of these companies to get best offers. After 45 years of being in business, we still sometimes get surprised when a really awesome offer is made.

CLICK HERE TO GET ACCURATE PILOT INSURANCE QUOTE

Getting Best Insurance Offers for Pilots Takes Work

I even inquired with an underwriting consultant I know on this case mentioned above. This consultant has worked as a head underwriter at some major insurance companies over past 40+ years and is what I consider an expert in underwriting. Even this consultant told me that a Preferred Plus rate was probably not going to happen for this pilot with no IFR.

Another thing I’ve learned time and time again is that even the “experts” don’t know everything.

Maybe on the day I inquired directly with this insurance underwriter that ultimately made a “Preferred Plus” offer, his company just changed their guideline for some private pilots or maybe he figured he’d do me a favor since I’ve placed business with his company for many years. I don’t know the answer as to why I got this offer, but all that matters is I did.

The other thing that was interesting about this case mentioned above, was this pilot wanted to buy a portion of 20 year term and a portion of 30 year term to avoid having “all of his eggs in one basket”.

The funny thing is, that while the company that offered their lowest “Preferred Plus” rate did have the best 20 year term price, this company did not have the best 30 year term price.

The best 30 year term rate was from a different A+ rated company altogether. This other company’s 2nd best “Preferred” 30 year term rate was actually less expensive than the 30 year rate from the company that offered the absolute best 20 year term rate.

CLICK HERE TO GET ACCURATE PILOT INSURANCE QUOTE

Pay Attention to Price and Value

So don’t be concerned with the name of the rate class for which you qualify (i.e. Preferred Plus, Preferred Best, Preferred Elite, Preferred, Select, Standard Plus, etc), but instead pay attention to the cost of the policy when comparing it to other similar policies.

Quick side note: There was an insurance company several years ago (U.S. Financial Life) that would offer “Preferred” rates when no other insurance companies would offer any rate close to Preferred on the same cases. The scam was that U.S. Financials “Preferred” rates were equivalent in cost to most other companies Regular or Table 2 rates (i.e. Regular plus 50%), but getting a “Preferred” rate appealed to some people so much that they neglected to verify that the actual cost of the policy was decent. Good marketing ploy, but it didn’t last long as U.S. Financial stopped offering new policies years ago.

While I’ve said it before, I’ll say it again, price is definitely not the only thing you should focus on when purchasing any life insurance policy. Besides for the financial stability of the life insurance company you purchase from, pay attention to the company’s conversion option. Try to always buy a policy that will be convertible for your full level premium duration, like the entire 10 years, 20 years, 30 years, etc.

Having a policy that is still convertible up until the end of your term period would enable you to automatically extend the duration of your policy at the same rate classification that you originally applied for (i.e. Preferred Plus, Preferred, etc), regardless of your current health or piloting status at the end of your term.

An excellent conversion option has paid off for hundred’s, possibly thousands of our clients over the years that ultimately wanted to extend their coverage or even just a portion of their coverage, especially when a new health or other issue would make it tough for them to qualify for a new rate or a new “good” rate.

Being convertible at the end of your term would also enable you to potentially try to “sell” your policy via a life settlement.

In my opinion, a better and longer conversion option is worth paying a couple more dollars for, but I’ll always show you the absolute best rates also so you can decide for yourself which would be best.

CLICK HERE TO GET ACCURATE PILOT INSURANCE QUOTE

Bottom Line

No other insurance agents, brokers or websites can offer you life insurance from more insurance companies than we can offer you. Since 1969 we’ve made friends and built relationships with underwriters and reps at every major insurance company and these relationships will help us to secure the best offer for you.

Feel free to check out just some of the companies we can offer you by using the quoting tool to the right or simply click the link above to get an accurate pilot life insurance quote!

Whether you are a private or a commercial pilot, please feel free to call us at 1-800-380-3533 or simply click here to email us to get quotes for the absolute best rates available to you.

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Thank You To All Veterans and Current Military!!

An envelope opening to show a burst of stars and the words ThankWithout you, we could not do what we do.  You protect us and keep us safe in a world that’s getting scarier.  Thank you so much!!  

We are happy to help you in any way that we can, even if you are active military right now.   

Many life insurance companies may not insure active military personnel, depending on their occupation and duties, but there are companies like the Armed Forces Benefit Association and Five Star Life that may insure you at decent rates. 

If any veteran or current military man or woman needs help in obtaining life insurance or just needs to verify that they have the best rate possible, please don’t hesitate to call us at 1-800-380-3533 or simply click here to email us. 

We’d give you free life insurance if we could, but the next best thing we can do is to help you to obtain affordable life insurance or at least to provide you with the best advice. 

God bless you all!!!!!!

 

 

 

 

 

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Getting Life Insurance After Breast Cancer

breast cancerCLICK HERE FOR ACCURATE BREAST CANCER QUOTE

Breast cancer awareness month is the perfect time to talk about getting life insurance after breast cancer!

There are a few A+ rated insurance companies that will now offer Preferred rates on some breast cancer cases. To have a shot at getting a Preferred rate after breast cancer treatment, it will ideally have to be about 10 years since successful treatment or after 5 years for successful treatment of in situ cancer assuming you’ve had appropriate follow up with your doctor.

There is even one well known life insurance company that will offer you Standard or Regular rates immediately following successful treatment for specific localized breast cancer as long as your are age 40+.

Getting a preferred rate for any invasive cancer was unheard of even a few years ago as was getting any life insurance right after successful treatment as there was always a waiting period of about 1 to 10 years after successful treatment had ended in the recent past.

This is great news for anyone that has had breast cancer and needs life insurance.

CLICK HERE FOR ACCURATE BREAST CANCER QUOTE

It Is Not Easy To Get an Accurate Quote After Breast Cancer

Without reviewing the pathology report form your cancer, getting accurate quotes can be difficult as the exact staging information including the TNM staging can have a significant impact on the rate for which you’ll qualify and on the insurance companies that could make you best offer.

We have email addresses for underwriters and reps at hundreds of different Excellent and Superior AM Best rated insurance companies so we can quickly and easily inquire with EVERY life insurance company with competitive rates.

No agent, broker or online life insurance website can offer you more life insurance companies than we can offer you. We represent so many different companies because this has proven to result in the best offers.

If you’d like to get a life insurance quote and have had breast cancer, then I’d recommend calling your doctor or oncologist’s office and ask them to send you a copy of your complete pathology report from your cancer. Then “white out” your name and identifying information to protect your privacy and fax or email it to me. Our fax # is 215-836-0828 or you can email it directly to me by clicking here.

In addition to your pathology results, current age and over health otherwise, I will also need to know the following info to get you accurate quotes and to narrow down best insurance companies for you:

  • Date of your breast cancer diagnosis?
  • How were you treated (i.e. removal of tumor only, lumpectomy, mastectomy, radiation, chemo, hormonal therapy- tamoxifen)?
  • Date when ALL treatments were completed?
  • Has there been any evidence of recurrence?
  • Date and result of last mammogram?

CLICK HERE FOR ACCURATE BREAST CANCER QUOTE

Avoid Any Agent That Tries To Get You To Apply Right Away

I’ve recommended getting a copy of your path report above because I’ve done hundred’s of cancer cases and there is ABSOLUTELY no way that any agent, broker or insurance website can tell you right away that any one particular insurance company will be best for you.

There are some well known insurance websites whose #1 goal is to get you to apply right away. There’s at least one that even requires you to provide your payment information (i.e. credit card or bank routing and account #) before they’ll deal with you.

If you deal with an agent/website like this, I can 100% guarantee you that you will NOT get the best offer.

Hang up the phone if on your initial call you’re asked if you’d like to “apply now” or if you’re required to provide payment just to apply.

CLICK HERE FOR ACCURATE BREAST CANCER QUOTE

Don’t Apply Unless You’re Comfortable That You Got A Good Quote

We can offer you insurance from over 121 different insurance companies. It usually takes me a minimum of 2 to 3 days before I hear back from underwriters at every life insurance company after I make an inquiry for a tentative offer. Any offers are “tentative” until full medical records and life insurance exam results can be reviewed.

If any new issues turn up during the underwriting process and you don’t qualify for the rates I quoted initially, I will have access to your medical records and insurance exam results and I can easily re-shop your case to any other life insurance companies to get better offers and this won’t require you to do anything.

I have shopped over 10,000 life insurance cases over the past 22 years to hundred’s of different insurance companies, so I have a LOT of experience and know what I’m talking about here.

I don’t want your credit card # or banking information, I don’t want your social security # or anything else until I can find you the best insurance companies based on your exact breast cancer and other health history and you tell me you’d like to apply.

CLICK HERE FOR ACCURATE BREAST CANCER QUOTE

If You’ve Already Been Offered Coverage as Breast Cancer Survivor….

If you’ve recently been approved for ANY life insurance policy or you have an old policy that was placed in force after you had breast cancer, your case should be re-shopped to all carriers as there is a very high likelihood that we can get you a better offer!

Please feel free to contact me at 1-800-380-3533 or just email me here and I’ll research best case rates available to you from every quality life insurance company in America!!

NOTE: If you’ve had recent breast cancer and you are under the age of 40 or if you’ve had a stage 2 or higher breast cancer, you will usually be postponed in the early years after treatment has ended and/or charged an extra premium in the early years after your cancer treatment.  Let me know if I can help you

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Gordon E. Conwell Associates, Inc.
6001 W. Valley Green Road
Flourtown, PA19031
Phone: 1-800-380-3533