When life insurance companies create commercials and advertisements, they like to promote rates for clients that are in excellent condition in their 30’s and 40’s. They’ll usually quote a 10 year term policy mainly because these rates are really good at getting people’s attention.
Ever heard the commercial?
“John, a 42 year old man in good health can get a $500,000 term policy from a highly rated insurance company for less than $25.00 a month”
Which is true, but what if you’re not in great shape? What if you have some preexisting conditions? What if you are currently taking some prescription medications? What do you do then? This is when getting life insurance goes from “processing an order” to “needing an expert”.
The good news is that the life insurance industry is just like every other industry out there. Competition is constantly driving insurance carriers to compete for your business. As a result, carriers take on “niches” in an effort to earn market share. These niches may shift but generally insurance carriers do become known within the industry to focus on certain market populations. For this reason, it’s key for you as a consumer to work with an agency that is not bound to any one carrier and will be able to shop your application to dozens of different carriers out there. Only by doing this can you insure that you are getting the best policy for you and your family.
For example, let’s look at folks that are currently shopping for life insurance while taking Zyrtec-D (cetirizine). Zyrtec-D is an antihistamine that reduces the effects of the natural chemical histamine found in the body. Histamine can produce symptoms of sneezing, itching, watery eyes, and runny nose, in addition to the symptoms commonly found in the common cold.
Now insurance companies are generally not going to penalize clients who are applying for life insurance while taking Zyrtec-D. In fact, it really shouldn’t play a role at all. For these clients it really comes down to whether or not they can secure a great premium from a top rated company without taking a medical exam.
We here at TermLife2Go will typically recommend going with a non-medical term life insurance policy first, because these clients will typically qualify for a Preferred or Preferred Plus rate without needing to take an medical exam. These clients will also be able to lock down a great premium within 24 hours of applying. Applicants who choose to go this route also avoid the risk of having a medical exam uncover little things that could negatively affect an insurance rate like elevated:
- blood pressure,
- blood sugar.
Totally confused?…. Don’t be, this is where TermLife2Go steps in, as an independent agency our agents are committed only to you and your family. Our sole purpose here is to help guide you through the process of:
- First, choosing the right type of policy, whether it be Term, Whole Life, and Universal Life etc..
- Second, determining the appropriate coverage amount.
- And lastly, determining which carrier will most likely give you the best rate available.
By working directly with TermLife2Go you will have an assigned agent dedicated to your application. This agent will be available to you throughout the entire application process; he or she will provide you with status updates as your application goes through underwriting and will also review your application at time of approval to ensure that you are still getting the best deal out there!
Additionally, all of our agents are trained to handle more delicate applications such as those used to fund buy sell agreements, SBA loan requirements, divorce decrees, estate management plans, key man life insurance policies and single pay premium policies.
So what are you waiting for? Just give us a call and see just what we can do for you!