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!

Tags: life insurance

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.

Tags: life insurance, life insurance online, life insurance quote, life insurance rate

Reader Question Can you help me understand life insurance structured settlements and how I can get my money from my insurance company? I have been waiting on a payment for almost 1 year and I am loosing patients with them. I also want to switch my life insurance policy to another company if you have a recommendation for one I would appreciate it.

Joyce,

Structured settlement is a term of art used to describe the settlement of a tort claim by way of a series of future installment payments. These payments are made at fixed dates in the future and are often monthly payments or lump sums although virtually any type of payment arrangement can be structured.

Structured settlement is also preferred by the paying party, which is usually an insurance company, as they have to pay less than what they would have to pay a claimant if the litigation had been successful for him. This is beneficial for the defendant too as he saves on court expenses and attorney fees.

Reader question:

How will documented drinking problems affect my Tomball TX life insurance quote?

Luther

Thanks for the question, Luther.

Having a history of drinking problems will make life insurance companies freeze up around you, and it’s very possible that you won’t be able to get a Tomball TX life insurance quote at all. If you have only one DUI, for example, you might start out with the highest prices, and after a year of clean living work your way up to the regular pricing. But if you have any more DUIs and an unpretty record, then you’ll have more trouble than that, and might not be able to be insured.

As for being an alcoholic, that affects your Tomball TX life insurance quote in much the same way, even if you have been into a treatment center and have stayed sober for awhile. Most former alcoholics will have to stay sober for five years before they can get a standard rating, and one to two decades more if they want to do better than that.

take care,

Fashun.

Reader question:

Will I be able to get good Woodland TX life insurance quotes even though I drink?

Mario

Hm, Mario…

You can still get pretty good Woodlands TX life insurance quotes as a drinker, but it can also affect your policy for the worse. It all really depends on what kind of drinker you are. The more alcohol you consume, the more likely you are to chop years off of your life expectancy and lose money as a result.

So, how much do you drink?

• Socially.

If you just drink occasionally with friends or at special occasions, then you’re probably in the clear. And when I say “drink occasionally with friends”, I don’t mean “bather in lager every weekend with the frat boys”. Drinking socially is better, but still in moderation.

• 1-2 drinks each day.

You’re getting on the unhealthy side here, and it’s likely that you won’t be able to pay the preferred Woodands TX life insurance quotes rate. Maybe you should cut back.

• 3+ drinks a day.

Okay, now you’re getting ridicoolus. Ridicullus. Radicalisscuous. Wait, what’s going on?

Causing mental impairment, increased lack of control, liver problems, and more, heavy drinking like this will pretty much guarantee that you have to pay extra for your life insurance.

take care,

Fashun

Reader question:

I thought I was fine, but when I went in for my medical exam so that my life insurance company could give me my Spring TX life insurance quotes, they told me I had high blood pressure, “hypertension”. What can I do about this?

Ashley

Good question, Ashley.

You’re part of a very large majority, Ashley. Roughly thirty three percent of all people who have high blood pressure have no idea they do, so a lot of people find a nasty surprise at their life insurance medical exam. With just this one little problem, though, you’re not likely to get such terrible Spring TX life insurance quotes. Usually, the life insurance company will just bounce you into the standard range. But the annoying part is that before you might have been a preferred customer.

The preferred Spring TX life insurance quotes aren’t out of range for you just yet. Consult with your doctor and get on medication for your high blood pressure. Once you have gotten it in hand, then you may be able to call up your life insurance company and ask them for information on how to file a petition to revise your policy to the preferred rating area.

take care,

Fashun.

Reader question:

I’m taking medication to control my blood pressure levels. Will this affect my Humble TX life insurance quote?

Aspen

Thanks for asking.

You know, I’ve met people who say that the lied about the medication that they took for blood pressure on their application because they were afraid they would be charged a high Humble TX life insurance quote. As far as I’ve seen, though, this fear is unfounded. Life insurance companies will raise your rates for a lot of reasons, but one of the reasons that they don’t raise them is because your blood pressure was at some distant time not the right level.

The truth is, that as long as you are doing something to keep these health problems in control, and you are succeeding, that’s usually all your life insurance company needs to hear. So don’t be afraid to disclose your medication on your form. In fact, it may even help you, especially if you are tested and found to have traces of the medication in your body, or even high blood pressure (or low blood pressure).

take care,

Fashun.

Reader question:

What level of blood pressure and cholesterol do I need to have to get low Katy TX life insurance quotes, then?

Li

Good question, Li.

For your cholesterol, it breaks into two groups. If you want cheap Katy TX life insurance quotes, then in general you should have an overall cholesterol of under 200; the other part of this equation is the low-density lipoprotein cholesterol, which should be even lower, at under a hundred.

As for your blood pressure, you’re more likely to get better Katy TX life insurance quotes if you keep it around 140 over 90, you’re probably safe. Life insurance companies aren’t as strict on this as medical professionals, or at least not in my experience, so even having blood pressure out of that range will still not cause you trouble in a lot of cases.

Now, granted, all of this depends on a whole lot of other factors, such as your age and how many pounds you are, what your age is, whether you’re male or female, and so on, and so on.

take care,

Fashun.

Reader question:

How will my cholestorol, blood pressure, and so on affect my Cypress TX life insurance rates?

Ana

Glad you asked, Ann.

Diseases having to do with the heart and that area are near the top of the scare list for life insurance companies, and because of that they have a pretty hefty impact on your Cypress TX life insurance rates. A third of the people in this country are going to have some kind of problem related to blood pressure and cholestorol, but even if you are one of them, you don’t have to panic. Sometimes, a little bit of trouble won’t get in the way of paying cheap Cypress TX life insurance rates.

There’s more to it, see, than just having to restrain your need for a double cheeseburger every now and then (which you should do anyway). When testing you for blood pressure and cholestorl, life insurance companies also check out:

• how old you are
• how much you weigh
• whether or not you smoke/chew tobacco
• have stress problems
• genetic history for heart disease

If you’re clear on these, then you could still get low Cypress TX life insurance rates.

take care,

Fashun.