Reader’s Question:

I have been into drinking heavily. What should I do to get lower life insurance premiums in Texas?

Pam

Dallas TX

There is couple of things that an underwriter considers when reviewing your insurance application. They check your liver enzyme thru a blood test if it is positive for an alcohol-related
problems of other medical problems. They also check your record for any drunk-driving convictions and an APS from your doctor. If there are “red flags” in one or more of these, your insurance premium may be affected if not denied.

If you want to get a lower life insurance premium in Texas, the first thing that you can do is apply for an extra premium to be tacked on your regular insurance premium. This additional fee will normally disappear between two to five years after your last citation.

Reducing your alcohol intake can help you lower the rates. You can have your liver enzyme level checked by your doctor to monitor the progress. You can approach your insurance company at least after six months or two years to show them that you are giving effort to improve our health condition. If your insurance company in Texas is not willing to lower your premium, look for other life insurance provider.

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Reader’s Question:

I live in Texas and I was wondering how much I would pay for a permanent life insurance policy?

Bertha

Corpus Christi, TX

Good question, Bertha! A permanent life insurance policy is the perfect way to ensure that your family is well-protected in case you die unexpectedly. The policy is meant to last for as long as you live provided that you continually pay the premiums. With a permanent life insurance, a cash value also builds up and you will be able to use this savings in time for emergency needs. And you won’t have to worry about the prices of premiums going up.

Death can unexpectedly happen to anyone at any time so a life insurance is very critical to make sure your loved ones won’t have to be burdened by financial problems. With a permanent life insurance, you will have a better financial security and a peace of mind.

To determine the amount of your life insurance, your insurer in Texas will need to assess your age, your net income after deduction of state and local taxes, your other investments, loans and mortgages and other benefits provided by your employer (like healthcare, automotive fees, etc.).

You can also try surfing the web for free online insurance quotes to help you decide on a permanent life insurance that suits your needs. Good luck!

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Reader’s Question:

Why are the reason why life insurance policies gets cancelled?

Maddie

San Antonio, Texas

You would think that life insurance policies wouldn’t be cancelled because, after all, death is inevitable, right? However, it does happen.

Any falsification of information in the application could cause the life insurance policy’s cancellation. The insurance company is given two years’ time to discover any pertinent falsehood. After such, the insurance company can no longer cancel the contract, however pertinent the falsification turns out to be.

Age, even if it is considered as a material misstatement, will not bring about a cancellation. The face value of the policy, however, will be adjusted to the amount that the insurance payment would’ve procured had the right age been listed.

Essentially, the only time when an a life insurance company denies a claim or cancels a contract is when if the insured perpetrates a fraud, like cheating on the physical exam by having someone else take it, if the beneficiary of the life insurance murders the insured, or if the insurance applicant has no insurable interest in the person to be insured. There is also a provision for suicide victims. If the insured commits suicide within a year or two years (depending on the policy) after taking out the life insurance policy, the insurance company will reimburse the premiums.

I hope I’ve been of help to you there in San Antonio, TX, Maddie.

Tags: life insurance

Reader’s Question:

My daughter works at a construction site as an engineer. I’m mighty proud of her but am always worried about her when she’s at work. Can I get her temporary insurance while she’s working here in El Paso Texas?

Jason

El Paso TX

I understand your concern, Jason. Construction sites can be dangerous since accidents can happen anytime. That’s why the law requires safety gear to always be worn by everyone who works or visits the site.

Well, Jason, term life insurance coverage in El Paso Texas TX can provide life insurance coverage for a limited period which you specify at the onset. However, I suggest you check with your daughter first whether her employer already provides life insurance coverage. Most construction companies in El Paso Texas TX recognize the risks that their workers face daily, a risk which the company will also be answerable for; hence, it is usually standard procedure to engage life insurance coverage for each of their workers from the beginning of their contract. Should you feel that the extent of coverage provided by your daughter’s company is insufficient, you are technically not prevented from taking out a separate temporary life insurance for your daughter. Assure your daughter that it’s not going to be much of a hassle for her since some term life insurance companies in El Paso Texas TX are willing to provide instant life insurance coverage and even no exam life insurance coverage.

Jason, I suggest that you compare first on the type of temporary life insurance coverage that is available in El Paso Texas TX. This site will certainly be of help in that aspect. Just enter your zip code on the form on this site and you will be able to access free quotes, as well.

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