Read the Vistaplan Financial Group blog: Universal Life Insurance, Term Insurance, Disability Insurance, Critical Illness Insurance, Super Visa Insurance.
Posted: 1 Feb
Life insurance is a great thing to have. A policy will ensure that your family is not stuck with extra afterlife costs. You can even purchase a large policy to keep your family comfortable for a while after you are gone. A rated life insurance policy will give you the peace of mind that your family will be protected should you pass. Here are some things you should take into consideration when shopping for a rated life insurance policy. Contact us to learn more.
Insurers use a rating system to figure out premiums for customers. Customers are usually split into four groups. The first has a clean bill of health, never smoked, or had health problems. The rating system goes down to a fourth category where a customer may have diabetes or high blood pressure. The caveat is that a rated life insurance policy for someone with health issues will cost more than a policy issued to someone with no health issues.
Generally, each category of health standard will associate you with a specific rate for a policy. If you have a severe health issue, an insurer might charge you 200% of the premium rate for a policy compared to a customer with no health issues.
If you have health issues, there are two ways to go about this.
Not all policies and insurance companies are the same. We can help you to shop around for different rates and find the rated life insurance policy that best fits your needs and budget. Call a Vistaplan life insurance broker today!
David is a well-respected insurance advisor with over 30 years of experience helping healthcare professionals, business owners, and their families secure their financial futures. He takes the time to make certain his clients understand the life, disability, and health insurance products they are purchasing, so they can make the right choices for their budgets, plans, and futures. CONNECT WITH ME ON LINKEDIN