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4/28/2019 0 Comments

Life Insurance & The At-Home DNA Test Kit | Why You Shouldn't 'GIVE A SPIT'

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DNA TEST GENETIC PRIVACY DANGER
Shopping for Life Insurance? That cute colorful harmless-looking little "at-home DNA test kit" can put your privacy —and your family— at risk. 

If you absolutely must know whether or not you should trade in your lederhosen for a kilt— take the time to understand how your data could be used. Know what you are signing. And discuss this with your family, first: by agreeing to share your DNA, you are agreeing to share theirs as well!

Protect yourself. Protect your loved ones. Read the fine print. Think before you spit!
“That tiny sample can disclose the biological building blocks of what makes you you... The data can be very enlightening personally, but a major concern for consumers should be who else could have access to information about your heritage and your health.”

~Lesley Fair, Federal Trade Commission (FTC)

The hidden dangers of DNA tests: Do the benefits outweigh the risks?

March 1, 2019
 
Millions of Americans have taken at-home DNA tests like Ancestry, 23andMe, and MyHeritage. With news of the recent data breach affecting genetic testing company MyHeritage — and law enforcement using GEDMatch and FamilyTreeDNA to tie suspects to crimes — how concerned should you be about your privacy? THINK Again talks with experts who believe the risks may outweigh the benefits.

“If you apply for life insurance they do have a right to get all your medical records. And if you've had a genetic test taken, they do have a right to request it... You should only submit to a DNA test if they agree to destroy the sample.”

~Jamie Court, Consumer Watchdog

The at-home DNA test craze is putting us all at risk

April 16, 2019
 
​Investigators have begun solving violent crimes through a new kind of DNA search — one that relies on DNA data from popular at-home DNA tests like 23andMe and AncestryDNA. But, as consumer DNA databases grow, a disturbing reality emerges: you could be identified via your DNA even if you’ve never taken a DNA test yourself. In this video, we explore how that’s possible.

“Consumers need to think carefully about whether they want to take these tests... It will not impact their health insurance under current law, but it could impact their life insurance.”

~Dave Jones, California Insurance Commissioner

Protect Yourself. Protect Your Loved Ones.

State laws protecting genetic information vary. Under current Federal law, your genetic information cannot be 'considered' (i.e. used against you) as a means of job discrimination or when it comes to determining the cost of your health insurance, but —although the laws are changing— at this time, these same privacy protections DO NOT apply to long-term care insurance OR disability insurance OR life insurance. 

WE URGE YOU TO PUT YOUR FAMILY BEFORE YOUR CURIOSITY— BUY LIFE INSURANCE BEFORE USING ANY AT-HOME DNA TEST OR MAIL-IN GENETIC SCREENING KIT!

COMPARE RATES NOW

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“The world of easily accessible genetic testing is still very new. While your DNA doesn't change, the science behind it is evolving at a rapid pace. Today, using genetic testing in the life insurance application process isn't the norm, but that doesn't mean it won't be used 5, 10, 15 or 20 years from now.”

~Chelsea Brennan, Smart Money Mamas

RELATED READING

What is genetic discrimination?
ghr.nlm.nih.gov
4 Risks consumers need to know about DNA testing kit results and buying life insurance
www.cnbc.com
While Insightful Into Ancestry, Genetic Testing Could Have Serious Life Insurance Consequences
consumerwatchdog.org

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2/15/2019 0 Comments

Applying For Life Insurance as a Marijuana User— Common Mistakes | Essential Tips | Insider Facts

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YES! YOU ABSOLUTELY CAN GET LIFE INSURANCE IF YOU USE MARIJUANA —WHETHER IT’S MEDICAL OR RECREATIONAL— BUT BE SURE TO GET ALL THE FACTS, BEFORE YOU APPLY!

The Way Life Insurance Companies View, Assess, and Rate Marijuana Usage Is Changing...
Contrary to popular belief, marijuana use does NOT automatically disqualify you from getting life insurance. While marijuana use DOES have an impact on the cost of your policy, that does not mean you should forego coverage.
 
Not all insurers are the same. Each life insurance company has their own guidelines and —as more and more life insurers 'take a fresh look' at how they underwrite marijuana usage— those guidelines are constantly changing.

There are life insurance companies known to be 
‘marijuana friendly’— more progressive or, at least, more lenient. In fact, some are even willing to offer their best prices to marijuana users. But there are some very important things you need to know, first— common mistakes to avoid. 
Be sure to consult with an independent broker, before you apply. We're here to help: ​(888) 681-4952
marijuana and life insurance
“Unfortunately, life insurance underwriters don’t take a low-key view concerning marijuana use. Also, the differences in how they’ll calculate your rate are astonishingly varied— so you must do your due diligence to find the best policy for your needs. That said, the heart of the matter is locating an insurer that won’t designate you as a smoker because you use marijuana. Since the rates for smokers [are] quite often triple —compared to standard non-smoker rates— this is a critical issue.”

Chris Ward, Cannabis Law PA
SOURCE:  cannabislawpa.com

Factors That Will Impact The Cost Of Your Life Insurance As A Marijuana User:

  • Frequency of Use (daily, weekly, monthly)
  • Means of Use (smoke, liquid, edibles, pills, etc.)
  • Recreational vs. Medical
  • (if Medical) the Underlying Condition it is Prescribed to Treat
  • High-Risk Habits and Lifestyle Choices

The Best Top-Rated Life Insurance Companies For Marijuana Users (to date):

  • ​AIG
  • Lincoln Financial
  • Mutual of Omaha (United of Omaha)
  • North American
  • Prudential
  • SBLI (Savings Bank)
  • Securian (Minnesota Life)

Look For Rates from 'Marijuana Friendly' Life Insurance Companies —AIG | Lincoln Financial | Mutual of Omaha | North American | Prudential | SBLI | Securian— in the Results of Your Free Personalized Quote:


Frequency of Use is a Major Factor in Determining The Cost Of Your Life Insurance as a Marijuana User:

SAMPLE RATES ASSOCIATED WITH DAILY, WEEKLY, & MONTHLY MARIJUANA USAGE
​AIG | Lincoln Financial | Mutual of Omaha | North American | Prudential | SBLI (Savings Bank) | Securian (Minnesota Life)
LATEST SAMPLE RATES
​MARIJUANA & LIFE INSURANCE
DO NOT APPLY TO THESE LIFE INSURANCE COMPANIES IF YOU USE MARIJUANA
Banner Life | Protective Life | John Hancock

Essential Tips & Common Mistakes To Avoid When Applying For Life Insurance As A Marijuana User:

1
Some life insurance companies (John Hancock, for example) are still very conservative. They will automatically decline an application if you use cannabis— regardless of your reason, situation OR prescription. Because a decline for life insurance will follow you, it is essential that you speak with an independent broker —openly and honestly, before you apply. We'll make sure you don't apply to THE WRONG COMPANY for your unique circumstances.​​
2
Under NO circumstances should you ever lie about using marijuana (or about anything else, for that matter) when applying for life insurance. You are almost certain to be declined —BY EVERY INSURER— if you lie. Even 'marijuana friendly' life insurance companies will decline your application, if they 'catch you in a lie' —and THEY WILL catch you!— so always be completely upfront about your marijuana use.
​
3
Don’t get rated as a “smoker”, if you don’t smoke it!!! Rates for smokers are significantly higher, so the means of ingestion definitely matters. That said, regardless of how you consume your marijuana, we urge you —if and when at all possible— to "PEE CLEAN". This advice may sound somewhat contrary to our strong "NEVER LIE" warnings (above), but it isn't. Full disclosure is imperative, but that does not mean your sample has to... 'glow green', so to speak. Testing negative for THC at the time of application can go a long way to improving your insurability. It is ALWAYS BEST to strive for the cleanest possible screening, no matter what your circumstances.
4
​If you have been prescribed marijuana (i.e. you have a Medical Marijuana Card), your prescription will need to be verified. It is essential to keep in mind that the actual condition the marijuana has been prescribed to treat FAR OUTWEIGHS the impact of your usage —when it comes to life insurance— as a factor in determining the cost of your policy and the likelihood of your approval. Unfortunately certain serious medical conditions can be virtually uninsurable.
5
Let's face it, whether it is FAIR OR NOT, there is still a stigma attached. As a marijuana user, it is quite likely that your lifestyle will get a 'closer look' (additional scrutiny) during the application process, so it is EXTRA important to keep any/all other risk factors (alcohol consumption, obesity, high-risk travel or hobbies, extreme sports, and —of course— tobacco use) in check.
​

Why Does It Matter If I Apply To 'The Wrong Company' and Receive An Automatic Decline For Using Marijuana?

A decline for life insurance will always follow you.  It will be permanently logged on the MIB (Medical Information Bureau) database and you will always have to answer “YES” to the question “Have you ever been declined for life insurance?” on every life insurance application you fill out for the rest of your life.
​
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How You Ingest Marijuana Matters— Don't Get Rated As A Smoker, IF You Don't Smoke it!
don't get rated as a smoker
​CALL AN INDEPENDENT BROKER
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12/18/2018 0 Comments

NALOXONE Rescue Kit Carriers Risk Rejection— Important! Read Before You Apply For Life Insurance

attention

Medical Professionals. First Responders. Good Samaritans. Friends and Family Members of Opioid Addiction Sufferers.

***IMPORTANT FACTS***
YOU NEED TO KNOW 
BEFORE YOU BUY NARCAN®

​In light of the national opioid crisis --declared a public health emergency, by the HHS, last Fall— the U.S. Surgeon General urges us all:
YOU MAY BE DECLINED FOR LIFE INSURANCE ​IF YOU CARRY NALOXONE
YOU MAY BE DECLINED FOR LIFE INSURANCE ​IF YOU CARRY NALOXONE. CALL BEFORE YOU CARRY.

BE PREPARED. GET NALOXONE. SAVE A LIFE.

For those who can and will, thank you! We commend your kindness and applaud your compliance.
Because the timing of administering Naloxone is crucial, the drug has been made more readily available. In fact, Naloxone —lifesaving medicine that can reverse the effects of an opioid overdose, better known by the brand-name Narcan®— is now available over-the-counter in 46 States.  

​If you purchase a Naloxone rescue kit at your pharmacy, it will show up on your list of medications because of Prescription Drug Monitoring Programs (PDMPs). PDMPs collect, monitor, and analyze electronically transmitted prescribing and dispensing data submitted by pharmacies and dispensing practitioners.

YOU MAY BE DECLINED FOR LIFE INSURANCE ​IF YOU CARRY NALOXONE

CLICK TO FIND OUT WHY​
CALL BEFORE YOU CARRY

WHY YOUR LIFE INSURANCE APPLICATION MAY BE DECLINED, IF YOU BUY A NALOXONE (NARCAN®) RESCUE KIT AT YOUR PHARMACY:

There was a recent story about a nurse in Boston who paid an unexpected price for her good intentions. She acquired a naloxone rescue kit at a pharmacy and was declined when she tried to buy life insurance. Naloxone was on her list of prescribed medications because of Prescription Drug Monitoring Programs.  Life insurance companies check these programs as part of the underwriting process.  Reportedly, the nurse —even though she does not take the drug herself and only carries it as a means to save lives— was declined by two different life insurance companies.  ​

STEPS YOU CAN TAKE TO PROTECT YOURSELF, IF YOU WANT/NEED TO CARRY A LIFE-SAVING NALOXONE (NARCAN®) RESCUE KIT:

Make sure you inform your agent or broker that you carry a Naloxone rescue kit, BEFORE you submit an application for life insurance.  Put it in writing and explain why you the carry a Naloxone rescue kit and state that it is NOT for your personal use.  A written explanation ahead of time will give the underwriter a chance to say “yes” or “no”, without having to do a formal application.  Being pre-emptive is not a guarantee you will be approved for life insurance, but you will avoid getting formally declined (having that decline reported to the Medical Information Bureau).

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we're here to help you make an informed decision

We will give you the special attention you deserve and work with the underwriters to avoid a costly decline

888-681-4952

WHAT IT MEANS TO HAVE YOUR DECLINE REPORTED TO THE MEDICAL INFORMATION BUREAU (MIB), WHY IT MATTERS, AND WHY IT IS IMPORTANT TO CONSULT WITH A KNOWLEDGABLE INDEPENDENT LIFE INSURANCE BROKER:

If you are formally declined by ‘Life Insurance Company A’, they will report that decline --and the reason for that decline— to the MIB (a coded database that all insurance companies use to report their underwriting results).  If you then try to apply to ‘Insurance Company B’, ‘Company B’ will see the decline on the MIB and they will most likely also decline you (especially if you neglected to mention that you were declined by ‘Company A’).
A decline for life insurance will always follow you.  It will always be on the MIB and you will always have to answer “yes” to the question “Have you ever been declined for life insurance?” on every life insurance application you fill out for the rest of your life.

*** whether you are a medical professional, a first responder, a good samaritan, a friend or family member of an opioid addiction sufferer ***

if you want/need TO CARRY A NALOXONE (Narcan®) RESCUE KIT —AS A MEANS TO SAVE A LIFE— we urge you, please, to call us BEFORE you apply for life insurance anywhere else

888-681-4952

—RELATED READING--
LIFE-SAVING NALOXONE IN THE NEWS

Opioid Crisis: Status of Public Health Emergency Authorities 
https://www.gao.gov/assets/700/694842.pdf
  

Surgeon General’s Advisory on Naloxone and Opioid Overdose
https://www.surgeongeneral.gov/priorities/opioid-overdose-prevention/naloxone-advisory.html
 

Narcan Is Now Available Over the Counter in 46 States
https://vitals.lifehacker.com/narcan-is-now-available-over-the-counter-in-45-states-1819896107
 

Nurse Denied Life Insurance Because She Carries Naloxone
https://www.npr.org/sections/health-shots/2018/12/13/674586548/nurse-denied-life-insurance-because-she-carries-naloxone
 

Opioid Overdose Reversal with Naloxone (Narcan, Evzio)
​https://www.drugabuse.gov/related-topics/opioid-overdose-reversal-naloxone-narcan-evzio


Available without a written prescription in most states, naloxone, also known as NARCAN®, is a safe and effective antidote to opioid overdoses.
https://www.cvs.com/content/prescription-drug-abuse/save-a-life
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10/3/2018 0 Comments

REVIEW & COMPARE bestow life insurance | PROs & CONs | FAQs

Bestow is new to the life insurance marketplace.  It is a simple online platform that gets people quality non-medical life insurance coverage faster than ever before.  The policies are underwritten by North American Company for Life and Health Insurance.  North American has an A+ (Superior) rating for financial strength from A.M. Best. 
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***Bestow only represents one company***

​REVIEW & COMPARE LIFE INSURANCE QUOTES FROM NORTH AMERICAN —AND ALL OTHER TOP COMPANIES— HERE

WHAT DOES BESTOW OFFER

  • Competitive level 2, 10, & 20 year term life insurance policies from $50,000 to $500,000.
  • Coverage in minutes
  • No medical exam
  • A great monthly rate with no cancellation fees

PROs & CONS — BESTOW LIFE INSURANCE

pros

  • High-value term life insurance policies backed by North American A+(Superior) by A.M. Best
  • Easy to use online life insurance application platform boasting  fast underwriting decisions with no medical exam
  • The Bestow application takes a few minutes to complete. If approved, you choose the monthly payment and enter your credit card information.

cons

  • Only represents one company (North American).  You cannot compare other company’s costs on Bestow's website.
  • Issue age restrictions.  Must be age 45 or younger to be eligible to purchase a 20 year term.  Must be age 55 or younger to purchase a 2 or 10 year term.
  • Only term life insurance policies.  No permanent life insurance (policies that last a lifetime).
  • All policies sold by Bestow will expire by the time you are age 65 (average life expectancy for Americans is 78.7 years)
  • No riders or supplementary coverage

FREQUENTLY ASKED QUESTIONS ABOUT BESTOW

  1. Are Bestow’s rates competitive?
    YES.  Bestow term life insurance rates aren’t the lowest available, but they are consistently better than average when compared to those of the top insurers.  In addition, Bestow applicants may qualify for more coverage -up to $500,000- without a medical exam and pay significantly lower premiums verses a typical no exam policy.

  2. Does Bestow have good customer service?
    YES.  Their website portal is very efficient in handling the life insurance application / underwriting process.  They also provide a toll free number if you need to talk to a customer care representative.

  3. Will applying to Bestow hurt my credit score?
    No. Insurers look at the data behind your credit score (like timeliness of payments or if you’ve filed for bankruptcy), but not your credit score itself.  The request for this data is only a soft credit inquiry and doesn’t impact your credit.

  4. Are there any customer complaints about Bestow?
    YES & NO.  If you fit their profile and get approved for the coverage,  it will be an easy buying experience.  You will be happy and have no complaints.  If you are rejected, you will not be happy which might generate complaints.

  5. Is Bestow's website good, safe and reliable to use when buying life insurance?
    The Bestow platform appears to be safe and secure. This is an assumption based on reputable backing. 

  6. What happens when I turn 66 years old?
    Your coverage will expire.
    ​
  7. What happens if Bestow can not offer me coverage?
    ​If Bestow can not offer you coverage due to age, health, etc., they will provide a link to Policygenius as an alternative.​
Frequently Asked Questions
MORE FREQUENTLY ASKED QUESTIONS

***RELATED READING***
BESTOW LIFE INSURANCE IN THE NEWS

Bestow Raises $15 Million in Series A Financing
​New financing fuels national expansion of a leading insurtech platform

Bestow Launches API, Rapidly Expands Across US
Company rapidly scales with direct-to-consumer products now available in 32 states

0 Comments

9/4/2018 0 Comments

REVIEW & COMPARE Ladder LIFE INSURANCE | Pros & Cons | FAQs

​Ladderlife.com —an insurtech startup, founded in 2015— offers policies issued by Fidelity Security Life Insurance Company.  Fidelity Security Life Insurance Company has an Excellent (A-) rating for financial strength from A.M. Best.  
Ladder Life Insurtech

***Ladder only sells policies issued by one company***

REVIEW & COMPARE LIFE INSURANCE QUOTES
​​FROM ALL OF THE TOP COMPANIES HERE

WHAT DOES LadderLife.com OFFER?

  • Competitive level 10, 15, 20, 25, and 30 year term life insurance policies from $100,000 to $8,000,000 for people ages 20-60 years old.
  • Ladder offers significantly more life insurance coverage than you can buy without a medical exam compared to other companies.  Some applicants will receive an immediate decision.  Some applicants may need to take a medical exam before receiving an approval.
  • Ability to increase or decrease coverage online as your financial needs change .  "Ladder up" means the policy holder can increase their policy’s face value or extend the length of the term.   The added coverage is priced separately, so the policy holder will receive a different cost for the higher amount of coverage and/or longer term.  "Ladder down" means the policy holder can reduce their policy’s face value if they need less life insurance.  Premiums will decrease proportionately to the reduction in the policy’s face value.

PROs & CONs of LadderLife.com

PROS

  • High-value term life insurance policies
  • An easy to use online life insurance application and management system.
  • Fast underwriting decisions.  LadderLife’s application takes around 20 minutes to complete.  Once complete, the applicant will either receive an approval, a rejection, or a request for a medical exam.
  • Ability to increase or decrease coverage online as your financial needs change.

CONS

  • Only represents one life insurance company. The policies are issued by Fidelity Security Life, but Ladder controls the underwriting and risk analysis.
  • Not eligible if older than age 60.
  • Only term life insurance policies.  No permanent life insurance
  • No riders or supplementary coverage
  • Most communication with the company happens online.  They do have a live chat option (with actual people) as well as a phone number posted to call in. That said, the applicant could go through without having to communicate with anyone, but Ladders team is available to help or answer questions if anything comes up. They're salaried, not commissioned, so their role is help, not sell. 

Frequently Asked Questions about LadderLife.com

  1. Are Ladder’s rates competitive.
    YES.  Ladder’s term life insurance rates aren’t the lowest available, but they are consistently better than average when compared to those of the top insurers.  In addition, Ladder’s applicants may qualify for more coverage without a medical exam and pay significantly lower premiums verses a typical no exam policy. 

  2. Does Ladder have good customer service?
    IT APPEARS SO, YES.  Ladder's website portal appears to be very efficient in handling the life insurance application / underwriting process.  While an applicant could go through without having to communicate with anyone, there is a team available (a live chat option, as well as a phone number posted to call in) to help answer questions, if anything comes up.  They're salaried —not commissioned— so their role is help, not sell. 
    ​
  3. Are there any customer complaints about Ladder?
    YES & NO.  Check the reviews on Trustpilot.
    ​
  4. Is Ladder’s direct-to-consumer online platform a good, safe, and reliable place to buy life insurance?
    YES...  But, in fairness —as with all insurtech startups— it may be 'too soon to tell'.  Based on the "backing" (i.e. the reputation of Fidelity Security Life Insurance Company), we can only assume Ladder's platform is safe and that their offerings are reliable.
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get a quick quote from ladder
more Frequently Asked Questions

—Related Reading--

LADDER LIFE INSURANCE IN THE NEWS

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Ladder Launches Ladder For Advisors To Further Streamline Consumer Access To Life Insurance
Financial Advisors Get Access to a Customized Toolkit and Detailed Dashboard Making It Easy to Further Engage Their Clients

https://www.prnewswire.com/news-releases/ladder-launches-ladder-for-advisors-to-further-streamline-consumer-access-to-life-insurance-300785795.html
Ladder To Unveil Latest Innovations At InsureTech Connect
CEO Jamie Hale Speaking at the World's Largest Gathering of Insurance Leaders and Innovators

https://www.prnewswire.com/news-releases/ladder-to-unveil-latest-innovations-at-insuretech-connect-300709454.html
Ladder And SoFi Partner To Power A New Approach To Life Insurance
The Financial Industry's New Guard Joining Forces To Drive True Innovation

https://www.prnewswire.com/news-releases/ladder-and-sofi-partner-to-power-a-new-approach-to-life-insurance-300681915.html
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Ladder is Partnering to Power a New Approach to Life Insurance
Ladder and SoFi are teaming up to fundamentally change how people access and manage life insurance over time

https://medium.com/ladderlife/ladder-is-partnering-to-power-a-new-approach-to-life-insurance-85195cca6a59

Shopping For Life Insurance in The Digital Age

DARE TO COMPARE? LET'S TAKE A LOOK!
$1 MILLION
$1MIL 30YR Term Life Insurance— Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$1MIL 20YR Term Life Insurance— Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$1MIL 15YR Term Life Insurance— Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$1MIL 10YR Term Life Insurance— Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow​


$500,000
$500K 30YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$500K 20YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$500K 15YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$500K 10YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$250,000
$250K 30YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$250K 20YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$250K 15YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$250K 10YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$100,000
$100K 30YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$100K 20YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$100K 15YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow

$100K 10YR Term Life Insurance- Haven vs Ladder vs Bestow vs Ethos vs Fabric vs SagicorNow
0 Comments

8/21/2018 0 Comments

havenLIFE.COM | PROS & CONS | FAQs | REVIEW & COMPARE

Haven Life Review
Haven Life was founded in 2015.  Their parent company is Mass Mutual which has a Superior A++ financial strength rating from A.M. Best Rating Services.

***Haven Life only sells 1 company***

REVIEW & COMPARE LIFE INSURANCE QUOTES FROM ALL OF THE TOP COMPANIES HERE

Who Is Eligible For Coverage Through Haven Life?

  • Applicants under age 60 – eligible up to $3 million in coverage.
  • Applicants over age 60 – limited to $1 million in coverage.
  • Applicants limited to $1 million* in coverage if the policy is purchased entirely online.
QUESTIONS? CALL: 1-888-681-4952
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Haven Life Buying Process | Step-By-Step

​we'll walk you through it


PROs and CONs of Applying For Life Insurance at HAVENLIFE.com

pros

  • Quick application and approval process.
  • No medical exam required for some customers.
  • Fast approval for healthy applicants under the age of 45.
  • Competitive rates for excellent, good, and average health profiles.
  • Policies for 10, 15, or 20 years are available for ages 18 to 64.  30 years is available for applicants under the age of 50.

cons

  • No permanent life insurance offered.
  • Those who need more than $2 million in coverage.
  • Those who need less that $100,000 in coverage.
  • Applicants with pre-existing conditions.
  • Not available over the age of 65.

What Makes Haven Life Different?

Haven Life’s online process uses an algorithm and artificial intelligence to instantly review your application.  You may have an approval with out a medical exam in less that 1 hour if you are under the age of 45 and need less than $1 million in coverage.

Haven Life will reach out to any physicians, hospitals, pharmacies, pharmacy benefit managers, consumer reporting agencies or any other entity that possesses prescription or medical and financial information for the purpose of evaluating the applicant’s eligibility for insurance.
​
Not all applicants will avoid the medical exam.  Some applicants may be required to be complete a company provided medical exam.  The applicant may or may not receive temporary coverage with a preliminary price in the meantime. The final price will come once the exam results are reviewed and the policy is approved.  A full refund is provided if the applicant is declined for coverage or does not want the policy.
Life Insurance FAQs
Frequently Asked Questions About Haven Life and more

RELATED READING

Haven Life In The News


Haven Life debuts Plus, a new suite of services that benefits life insurance customers while they're living

​Haven Life acquires online insurance broker Quilt

Insurance startup Quilt adds life insurance to its portfolio of products
​


0 Comments

7/10/2018 0 Comments

$500,000 life insurance with no medical exam

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​Sagicor offers up to $500,000 in coverage without a medical exam and quick approvals –in some cases, as little as 2 minutes– without ever having to see an agent or broker face-to-face. You need to be between the ages of 18-65 to qualify. 
under the age of 65 and healthy, but too busy for a medical exam? maybe sagicor is right for you. if not, we’ll work with you to find the best possible policy for your unique needs.

1-888-681-4952
​Sagicor No Medical Exam ​Sample Rates
​​The sample rates shown are preferred class prices. Actual rates will vary based on your health class, desired coverage amount, and term lengths. Sagicor offers a variety of life insurance plans with no medical exam. Their term plans are available in 10, 15, and 20 years. 

30yr old male

COVERAGE AMOUNT
TERM LENGTH
MONTHLY PREMIUM
$250,000
20 YEAR
$24.37
$500,000
20 YEAR
$42.44

30YR OLD FEMALE

COVERAGE AMOUNT
TERM LENGTH
MONTHLY PREMIUM
$250,000
20 YEAR
$19.40
$500,000
20 YEAR
$35.51

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SAGICORNOW REVIEW
SagicorNow is the marketing name for the Sagicor Life Insurance Company’s direct-to-consumer online platform.  The simple online platform allows people to get quality 10 / 15 / 20 year term life Insurance & whole life insurance fast and easy.  Sagicor Life is rated “A-” (Excellent) by A.M. Best Company (4th best out of 16 possible ratings). This rating is based on Sagicor’s financial strength and ability to meet its ongoing obligations.

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CHRISTOPHER J. LALOR

​Christopher Lalor is an independent ​life insurance broker with over 25 years experience and licenses nationwide.
 
He is dedicated to helping you secure the proper protection for your loved ones– as quickly, as affordably, and as painlessly as possible.
 
HIS PROMISE
Straight Answers, Free Instant Quotes, Unbiased Reviews, and No Pressure, Ever.

​“The most straightforward and smooth experience ever.  Chris broke the process down for me in an easy to understand format, showed me which product was the best value for my money, and his support staff followed through in a professional and efficient manner until my policy was issued.  I couldn't be more satisfied and urge all my friends and family to call Chris for any life insurance questions.”​
~
C. Levin, Miami, FL
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6/30/2018 0 Comments

shopping for life insurance— The Only Three Variables That Matter

shopping for life insurance? we urge you to Make an informed decision before you buy... 

THE 3 VARIABLES THAT DETERMINE THE EXACT COST OF YOUR LIFE INSURANCE POLICY ARE:

  1. How much coverage you are looking to buy
  2. When the policy is scheduled to expire
  3. Which health class the insurer approves you for

1

COVERAGE (also known as FACE AMOUNT)

The amount of life insurance you are looking to buy. For example, a 50,000, 100,000, or 250,000 life insurance policy.

2

POLICY EXPIRATION DATE

The most important decision you will make is when does the policy expire.
​
  • Do you have  a short term need or goal?  If so, term life insurance is the way to go.  You can lock your rates so your policy does not expire for  10, 15, 20, 25, or 30 years depending upon how old you are when you purchase it.

  • Do you have a long term or permanent need or goal?  If so, a lifetime policy like guaranteed universal life or whole life  is the way to go.  These policies have an expiration date at age 95, 100, or 121.   Your short and long term goals will help you determine which is the best for you.

*** BE CAREFUL selecting your expiration date.  You do not want to have your policy expire in your late 70’s, 80’s or 90’s and still have a want or need for life insurance.  It is VERY EXPENSIVE to buy at that age even if you are healthy enough to qualify.***

3

HEALTH CLASS

Which HEALTH CLASS the life insurance company approves you at has significant impact on exact cost. Every life insurance company has about 12 health classes.
​
  • Health class 1 is the best health class and least expensive, BUT you have to be extremely healthy to get it.

  • Health class 12 is the worst health class and the most expensive because of poor health.

***An agent or a broker can tell you what the cost of each health class is before you apply.  No agent or broker can tell you which health class you will be approved at until the application and underwriting process is completed for the life insurance company (carrier)***
​
COMPARE RATES NOW
CALL:  1-888-681-4952

What Are Underwriting Guidelines and How Do They Impact The Actual Cost Of Your Life Insurance Policy?

Keep in mind—  the ACTUAL COST of your policy will NOT BE KNOWN until you have been approved and assigned a health class.  Before you apply to any company, consult that company's underwriting guidelines to see if you would qualify. 
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5/12/2018 0 Comments

$1,000,000 20 YEAR TERM LIFE INSURANCE POLICY

ADVANTAGES

  • Low cost way to provide a $1,000,000 payout to beneficiaries in case of your untimely death in the next 20 years.
  • You are guaranteed a $1,000,000 death benefit at the same level premium rates for 20 years.
  • You do not have to worry about your cost increasing over 20 years due age or health issues.
  • Life Insurance payouts are income tax free to your beneficiary.
GET YOUR FREE PERSONALIZED QUOTE FOR A
​$1,000,000 20 YEAR TERM LIFE INSURANCE POLICY

WARNING

​If you buy a 20 year term life insurance policy, the policy EXPIRES in 20 years.  The big mistake people make is they do not pay attention to when the policy expires until it’s too late.  If a new policy is needed at that point, they are 20 years older and might not be as healthy.  New life insurance will be a lot more expensive.  This strains the budget.  Even worse, it might not be affordable and you have to go without.

SOLUTION

Take the time to GET A QUOTE for a longer duration. You can guarantee your life insurance rates for a 25 Year Term, 30 Year Term, To Age 95, To Age 100, To Age 121.  These longer durations will ensure you never outlive your policy.

top 3 rates — sample quote

$1,000,000 20 Year Term Life Insurance Policy Top 3 Rates – Sample Quote
HAVE QUESTIONS? DO NOT HESITATE TO CALL! (888) 681-4952
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2/20/2018 0 Comments

TOP Life Insurance CompanIES — Price & Underwriting Guideline Comparisons

There is much to consider when making comparisons between life insurance companies

The Most Important Factors
  • Price
  • Underwriting Guidelines
  • Company Strength & Reputation

the exact cost of your life insurance depends on 3 variables

  • How much life insurance coverage (the face amount)
  • When does the policy expire (the term)
  • The approved health class (preferred, standard, etc.)

detailed sample quotes and underwriting guidelines

10 Year Term Life Insurance
​
10 Year Term Life Review – AIG Direct or Protective Life?
10 Year Term Life Review – MetLife or Banner Life?
10 Year Term Life Review – Prudential or Lincoln National?
$250,000 10 Year Term Life Insurance Policy
$500,000 10 Year Term Life Insurance Policy
15 Year Term Life Insurance
$250,000 15 Year Term Life Insurance Policy
$500,000 15 Year Term Life Insurance Policy
20 Year Term Life Insurance
20 Year Term Life Insurance – Review – Prudential or MetLife?
20 Year Term Life Insurance – Sample Quote – Voya Financial or Principal National Life?
20 Year Term Life Insurance – Sample Quote Review – North American Company or Minnesota Life?
$100,000 20 Year Term Life Insurance Policy
$250,000 20 Year Term Life Insurance Policy
$500,000 20 Year Term Life Insurance Policy
​
$1,000,000 20 Year Term Life Insurance Policy
30 Year Term Life Insurance
30 Year Term Life Insurance – Review – Transamerica or Prudential?
$100,000 30 Year Term Life Insurance
$250,000 30 Year Term Life Insurance
$500,000 30 Year Term Life Insurance
$1,000,000 30 Year Term Life Insurance
Life Insurance Guaranteed To Age 95
Life Insurance Guaranteed To Age 95 – Sample Quotes – AIG Direct – Protective Life
$50,000 – Life Insurance To Age 95
$100,000 – Life Insurance To Age 95
$250,000 – Life Insurance To Age 95
$500,000 – Life Insurance To Age 95
$1,000,000 – Life Insurance To Age 95
Life Insurance Guaranteed To Age 100
$50,000 – Life Insurance To Age 100
$100,000 – Life Insurance To Age 100
$250,000 – Life Insurance To Age 100
$500,000 – Life Insurance To Age 100
$1,000,000 – Life Insurance To Age 100
Life Insurance Guaranteed To Age 121
$50,000 – Life Insurance To Age 121
$100,000 – Life Insurance To Age 121
$250,000 – Life Insurance To Age 121
$500,000 – Life Insurance To Age 121
$1,000,000 – Life Insurance To Age 121
Life Insurance With No Medical Exam
Guaranteed Life Insurance
$25,000 Life Insurance With No Medical Exam
$50,000 Life Insurance With No Medical Exam
$100,000 Life Insurance With No Medical Exam
$150,000 Life Insurance With No Medical Exam
$200,000 Life Insurance With No Medical Exam
$250,000 Life Insurance With No Medical Exam
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