What is the cheapest term life insurance and what do you have to go thru in order to get it? ?
What is the cheapest term life insurance and what do you have to go thru in order to get it? Any help on that would be appreciated thanks; i am 33 years old; i am in ok health i tried to get life insurance before and was turned down; i have this pain in my groin that noone can figure out its not lethal; i take lortab for the pain and xanax for the stress; what would cause them to turn you down for insurance; thanks in advance -Karey
Tags: Health Insurance, Insurance, Lortab, Term Insurance, Thanks In Advance
November 1st, 2008 at 1:52 am
The cheapest one, is the shortest term, for the smallest amount of coverage.
What would cause them to turn you down, is an undiagnosed condition.
You need to go to a local agent, who can shop this out for you. And you probably need to get back to your doctor, to get that condition diagnosed. If no one knows what it is, no one can say it’s not lethal.
November 1st, 2008 at 10:41 am
Mental health issues are a big reason for declinations of both life, health, and disability insurance.
You’ll want to do business with an insurance broker because getting quotes online (even from our site) aren’t going to do you any good. You need to be able to give all the information to a broker (amount of meds, etc..) and then have that person shop it for you. And by shop it I mean go to the underwriters and get at least an initial reaction. Starting at the ‘cheapest’ rate online could end up being the most expensive. You won’t get the ‘best’ rates taking medication…espeically not a narcotic. It can be done, but it won’t be cheap.
November 3rd, 2008 at 5:56 am
Your best bet is to contact an insruance broker. Given your history of declined applications and medications you use, it is important to find a company that might not look at those things in their applications. Every company is different and has different requirements. A Broker can find a company that will suit your exact needs to make sure you put in a strong application.
Anytime you have any kind of undiagnosed condition or are on the waiting list for treatments you will almost always been declined for insurance. There are too many things that could go wrong, even if the condition isn’t life threatening, there is a slim chance the treatments might be. I’ve seen applications get declined for something as simple as waiting to see a knee surgeon. Knee surgery is not a major thing, however, if there are complications it can get ugly fast as an example.
Secondly, cheaper is not always better…expecially given the details of your situation. You want to make sure you are dealing with a good company and a good product. Think about toys that were made in China….wicked cheap and look the same on the outside as if they were made in North America, but once you get them you uncover this little thing known as lead poisoning from the paint they used (nothing against China, just a good example of why cheapest isn’t always better). Never surrender quality for price when dealing with financial products…this insurance could mean the difference between your family getting thousands of dollars or absolutely nothing but bills and debt.