Benefits of the No-Medical Exam Life Insurance

When you apply for an insurance policy, the life insurance company has to go through the process called underwriting. In this process, a trained professional will review your personal, family and medical history. This review will determine if you will qualify for their life insurance. This will also determine how low will be the insurance rate that you need to pay. They’ll run physical examination to determine your health status and see if you have any factors that may lead to health problems in the future.

What if you don’t pass the exam? Does it mean you cannot quality for the insurance? The good news is that there are life insurance companies that offer products without the physical underwriting steps. These products are also known as the no-exam life insurance, no physical exam life insurance and no medical life insurance. This type of life insurance has many benefits.

1.No Medical examination. Because there is no medical exam that applicants for traditional life insurance need to take, the policies are issued much quicker.

2.Instant approval for qualified applicants.In this type of life insurance, you can get the coverage in as quickly as 24 hours.

3.It’s much more convenient. This is the right option for you if you don’t want to go through the exam or if you are afraid of needles.

Get-Life-Insurance4.Shorter application. The policies are issued much quicker

Though some may think that this type of life insurance is for people who are unhealthy, that is simply not the case. There are some people who are taking advantage of this and lie in their application to hide their health problems but this is not advisable. Aside from the moral issues, there are also legal issues involved in committing such fraud that applicants should consider. Another important thing they should be aware of is that the life insurance company will still dig through the applicant’s medical history prior to the approval of the policy. They will verify the accuracy of the applicant’s answer on their application.

Life insurance companies in most countries have the right to investigate on the accuracy of the applications if the applicant die within two years after buying the policy, Keep in mind that the moment you sign the policy, you are giving the life insurance company the right to investigate on all your records whether medical records, employment records and even government records.

No medical life insurance is very popular nowadays as insurance companies are trying to look for ways to differentiate themselves inthe market. Though this may be the best option for people who don’t want to go through the exam, there are also cons in this type of life insurance. The premium that comes with this policy is typically much higher as compared to a standard insurance policy. The reason to this is mainly because the company is taking a bit of risk in their no-exam life insurance.

Life Changes That You Need to Update Your Life Insurance for

Whether you purchased life insurance in your youth or well after getting married and having children, there are certain life changes that can happen that will require you to make adjustments to your policy. It’s recommended that you make the needed changes to either provide more coverage for new assets and people in your life or to downgrade to save money. Depending on your life situation, you will need to do either or. Read on to see what life changes require you to make updates to your life insurance.

Life_insuranceYou Take On New Responsibilities

You’ve likely heard advice given to young people that it’s best to purchase life insurance now. Waiting until you develop an illness or age will only hike up your rates. A lot of young folks listen to this advice and purchase a policy that will cover their funeral expenses only. However, as time goes on, you may take on new responsibilities like co-signing a business or personal loan or caring for an elderly or sick parent. With these types of obligations weighing on your shoulders, it’s a good idea to adjust your life insurance so that it will cover them.

You Get Married or Divorced

When you get married and have children, this doesn’t constitute a need for life insurance, especially if both spouses are working and equally contributing to expenses. In this case, the death of one wouldn’t be too catastrophic for the other. However, the situation changes when the two of you purchase your first home together. You’ll need to purchase or upgrade your life insurance policy to cover the newfound expenses. This is especially so if one works and the other doesn’t. In the event of a divorce, life insurance can be changed to reflect the obligations you now have.

Having Children

Even if one spouse stays home and the other works, it’s recommended that both parents get a life insurance policy. If the breadwinner were to pass away, the stay-at-home parent would have to endure the expenses. Then, if the stay-at-home parent were to pass away, the breadwinning parent would have to endure childcare costs. It’s important to factor these in when purchasing or making changes to your life insurance policy.

There are many different changes that can happen in your life that can require you to upgrade or downgrade your life insurance policy. It’s important that you don’t “set it and forget it” once you buy a policy. Continuously make changes as needed, so that if you were to pass away, your loved ones won’t be financially devastated.

Calling All Landlords: Is Now the Time to Buy Landlord Insurance?


Whether you’re a landlord operating in one of the property market hotspots, or you’re a little bit of a novice landlord who’s just getting their feet wet in the waters of property rental, it’s now more important than ever to take out landlord insurance. This is because the number of people becoming landlords is increasing because everybody wants a slice of the tenancy money pie.

For you, though, what this means is that you’ll need to do more to ensure that the quality and benefits of your property outstrip those of your competition, and one of the best ways to do this is through a good insurance policy such as the ones offered by Simple Landlords. If you’re not convinced, read on to discover why it’s become a crucial expenditure.

images (6)No Legal Obligation, But Good Old Fashioned Common Sense

If you were wondering whether landlord insurance is a legal prerequisite to being a landlord, it isn’t. However, it makes logical and common sense that it is compulsory if you want to be a good landlord. Ultimately, landlord insurance will save you a lot of financial hardship in the future if a serious problem with your property does occur, and for this reason, it wouldn’t make much sense to be a landlord without it.

Ensuring the Safety of Your Tenants

Following on from the last point, the safety of your tenants should be one of your top priorities – even for the sake of human compassion, if not for the fact that they’re the ones paying you an income each month. Therefore, there’s a number of different reasons why you might want to take out landlord insurance. Obviously, you can use it as a selling point to attract potential tenants because it shows you care about their safety.

Ticking all the Boxes

Finally, it’s important that you take all the relevant steps to tick all the necessary boxes before you put your property on the rental market and advertise for tenants. Although it’s not compulsory for you to take out landlord insurance, it would look like a great additional benefit to tenants alongside your (compulsory) energy performance certificate and your annual gas safety check.

As you can see, there are plenty of reasons why purchasing landlord insurance should be high up on your list of things to do if you’re looking to attract tenants to your property. So now that you know the relevant information, is now the right time for you to be investing in landlord insurance?

Advice for University Tuition Fees

As many of us are aware, the cost of attaining a higher education has dramatically risen in recent years. As a result, there are countless students who are finding it increasingly difficult to make ends meet. Short of a full academic scholarship, tuition fees need to be paid in a timely fashion. There are several options which can help to mitigate the economic strain that such costs can incur. So, it is prudent if we take a look at how families can remain somewhat liquid while also being able to address the fees which will inevitably arise.

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Planning Ahead

It is common for parents to cover a significant amount of any enrolment fees. One of the best ways to accomplish this is through the use of a life insurance policy that will accrue wealth over time. As many of these plans will offer a broad spectrum of investments, this type of managed wealth can then be tapped into when a child reaches a certain age. Also, let us not forget that many programmes are tax deferred. So, there is an even greater possibility to earn a substantial amount of money over time. As each policy will differ, it is wise to shop around to encounter the most amenable options.

Government Aid

The second main avenue of support is through the government. Financial aid plans can come in quite handy and the interest rates can be more agreeable than a long-term institutional loan. Of course, it is always important to repay these loans within a timely fashion to avoid penalties and damage to one’s credit.

Another option is to apply for government grants. These are some of the most useful vehicles, for they will not need to be repaid once the money is disbursed. So, there is literally no financial risk involved with grants. The best way to determine which one is relevant is to perform an online search.

Family and Friends

While this option may appear to be unappealing to some, let us never forget that many students will have at least part of their tuition covered by a family member. The primary benefit here is that no money will be owed to the state or to an institution. However, it is always wise to carefully consider this alternative; relationship issues can be an unfortunate result.

Work-Study Programmes

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We should also recognize that the student can apply for employment once he or she is attending a university. Although this money may not directly go towards the repayment of fees, a certain amount can be set aside for future use. This is also a wise choice due to the fact that there is no complete guarantee that a job will automatically await the student upon graduation. In simpler terms, planning ahead can avoid future hardship.

These are some of the best ways to successfully negotiate challenging tuition fees. By looking ahead and through careful planning, a potentially frustrating situation can be avoided.

Seeking A Car Insurance Cover? Its Better To Work With A Local Agent

Insurance can be one of the most confusing subjects for car owners and drivers to deal with. There’s so many options and types of insurance policies because there’s so many unique situations for each type of coverage.

That’s why a local agent can help you best. Finding one will make it easier for someone to help you choose the right policy that covers some of the more common dangers that people in your area face when it comes to your car.

3333533137_b94b6f10d7Doing so can net you a large amount of savings while ensuring that your car is protected from any accidents that might occur. This makes working with a local agent in Dallas a win-win situation for both your car and your wallet.

To better understand why you should work with a local agent, let’s examine some of the benefits of going this route.

The chief advantage is that a local insurance agent better understands the risk associated with your car than a corporate agent might. For example, there may be a higher risk for having accidents with an uninsured driver in your area. This means an agent can recommend you uninsured motorist protection, which in turn helps to save you money in the event of an accident.

The second benefit of using a local agent is that they’ll know when you can save money by opting for certain types of insurance or by opting out for certain options. Your agent may be able to save you money, for example, by recommending a policy that insures you based on how many miles you travel in your car each year or how you use it.

The last major advantage that a local insurance agent has is that they can offer face-to-face meetings with you. Speaking with someone over the phone who works at a call center can be frustrating due to heightened wait times and the fact that reconnecting with the same agent can be nearly impossible at times.

With a local agent, you can schedule an appointment to meet in person. This allows you to pick a time that’s convenient for you without having to be put on hold or worrying about random disconnects forcing you to restart the entire process anew.

Are you interested in taking advantage of these benefits? Find your local insurance agent today.

Home Insurance: What You Need To Know

Many of you out there might keep on wondering whether at all you need a homeowner’s insurance in order have a home of yours or not. The truth is you do not necessarily require a homeowner’s insurance policy in order to have a home of your own. If you are building the home with your own money without the help of lenders (i.e. without having to borrow money from lenders) then you can jolly well choose not to invest in a home insurance cover.

However, if you are approaching the entire home buying process through a mortgage then your mortgage lenders will insist on home insurance cover since their investment is involved here. Now, this type of policy generally consists of two parts- a) the building insurance b) the insurance on the contents inside it. If you are looking at buying a homeowner’s insurance policy that you can do that from the same insurer rather than buying two different parts from two different insurers- as the former option would be much cheaper than the latter one.

Mortgage and Home Insurance

Please remember that if you are taking out a mortgage, you would be required to provide substantial proof of the fact that your home is insured. The final mortgage papers cannot go through without the insurance papers. A copy of the cover has to be placed in your file. The insurance papers should also coPayment Protection Insurancentain the name of the lender. In case, your house is destroyed by the dangers listed on the insurance (or everything that is covered by insurance), the payment check from the insurance company will be made out jointly for the lender and you. You will not be able to encash the check without the lender’s sign. Even the lender cannot do the same without your signature owing to the fact that the whole payment contains what you owe to the lender as well.

You can even secure a policy if you are just a tenant. In this case you can just insure the contents of the home. In the event of a mishap, you will be paid accordingly. It is not mandatory on your part to get the building insurance through the mortgage provider, unless and until it’s a specific requirement of the mortgage contract.

How much coverage would you need?

In a bid to determine the total coverage you would be required to calculate how much money you would need to replace your abode in its present condition. It is very important to understand that you cannot calculate your insurance needs based on the earlier price of the home. Rather, you should consider the present cost of the home.

Pet Insurance

A standalone pet insurance policy needs to be obtained if you are willing to insure your home items for damages caused by pets. General home insurance covers might not include these costs. Make sure that you are considering these few important factors before availing a cover. Consult a few home insurance providers online to settle for the best choice.

Travel Insurance: Does it Cover Stroke?

Bad travel stories are not always only about stolen cameras, shattered expectations, bad reception from locals or tedious flights. Things can get more serious. You might have one of your co-travelers (e.g. mother, father, friend or for that matter any family member) or you yourself falling prey to a serious illness. Imagine how it painful it might be to be to see your travel partner suffering thus, when all you’re supposed to do is to soak in the spirit of a well-earned vacation. Besides the emotional impact, you also need to consider the monetary aspects under such circumstances. One can only reduce the chances of such happenings by taking proper medicines or other timely precautions. But you cannot really expect to guarantee full-proof resistance to such incidents. Additionally, it won’t always be possible for you to fund the necessary medical care while you’re on the move. So it’s prudent to be financially prepared for such circumstances by securing travel insurance.

travel-insurance_2002428bToday, in this post, we’ll put one of the most common but serious diseases suffered by travelers—- stroke— under the scanner. People often fail to realize the importance of securing travel insurance unless they are struck by some sort of disease.

There are some insurance carriers that do not cover people who have suffered from stroke in the past. But stroke is as serious a medical condition as other diseases and it should be imperative for insurance providers to offer similar benefits to stroke patients.

Some facts about travel insurance covering stroke

Some of the insurance providers probably shy away from covering stroke owing to the fact that it’s critical and may lead to other related diseases such as heart attack, diabetes, depression as well as pneumonia. But with the help of better research you might as well be able to find a carrier which meets all your needs.

Getting a travel insurance policy after stroke might be difficult, but not impossible, altogether. If you have had an attack within the last three months (while applying for the insurance) or for that matter, many years ago, you might qualify for the policy, tailored suitably for meeting your needs. However, there are chances of you being rejected for the same if you’re awaiting a surgery or further investigations.

Your physician has to approve of your journey in order for you to qualify for the travel insurance policy.

While disclosing your medical condition to your insurer you need to furnish proper medical certificates to back your claim (that you really had stroke in the past). The company might as well confirm the same from your hospital. You will only qualify once the insurance company is amply sure that you’re speaking the truth.

The insurance will cover all the medical expenses in the event of the policy holder suffering a stroke while on the trip. They will also compensate the money in case you have to cancel the trip owing to the stroke related issues and also offer coverage of your traveling companion’s expenses. This covers the flight and accommodation expenses of the person who’s accompanying you while you’re undergoing treatment in your trip.


In short, the terms of travel insurance for stroke might differ from company to company. You should seek the ones that suit your needs the most.


Beware Of Fake Insurance Plans

A 70 year old man from Morristown was held guilty on charges of fraud in federal court on Wednesday. He was charged with stealing approximately 1 million U.S. Dollars from people by duping them and selling them bogus health insurance plans.

The convicted man (David Clark) pleaded guilty on charges of fraud and conspiracy to commit wire fraud. The proceedings of the court were controlled by U.S. District Judge Michael Shipp.

U.S. Attorney, Paul J. Fishman revealed that David Clark and his co-conspirators stole more than 1 million U.S. Dollars by selling bogus health insurance plans to more than 25000 individuals in many states including New Jersey.

Clark and his co-conspirators, managed their activities through a firm called Real Benefits Associations. Clark founded the company and registered it as a labor organization that aimed at selling health insurances through RBA Welfare Plan. But later it was revealed that the company had no license to sell insurance policies to anyone in any of the states.

The Welfare Plans of RBA were initially legitimate as they were supported by Perfect Health which was a licensed insurance company. But in 2008 another company known as Health Insurance Plans purchased Perfect Health and then discontinued all of its policies. The concerned department took appropriate action and sent multiple notices to Clark informing about the merger and asking him to stop all his activities. But even after repeated warnings, clark and his co-conspirators didn’t ceased their operations.

It is alleged that Clark ignored all the notices from the federal government and continued to sell the insurance plans to unsuspecting customers. He allegedly continued this for another 4 years and raked in more than a million U.S. Dollars.

The money collected from customers was used by Clark and his co-conspirators for their personal benefits. It was reported that some people started to complain about the illegal activities of RBA to their state authorities when their medical expenses were not covered and were denied for no just reasons. Such complaints filed by multiple people forced the federal government to issue a cease and desist order for RBA.

During the court proceedings it was also found that Clark is not a first time offender. He has already faced a class action lawsuit for violating the Racketeer Influenced and Corrupt Organizations Act. However this lawsuit was dismissed in a New York state court as the evidence didn’t proved the fraud beyond the shadow of doubt.

Clark and his co-conspirators will soon be awarded their sentences, probably in the first week of august. Found guilty on all charges, Clark and his co-conspirators face a maximum penalty of 20 years in prison. The sentence can also be accompanied by a fine of up to 250,000 U.S. Dollars.

Considering the fact that over 25,000 people might have fallen victim to Clark’s illegal activities, the court advised that anyone who feels he/she has been duped by Clark can contact 866-444-3272 in order to speak to an adviser.

Since the news broke, more and more people are coming out with their stories involving insurance fraud. The case of David Clark can thus very well lead to some other leads involving similar frauds.

Featured images:
  •  License: Royalty Free or iStock source:

This article is written by Nick Samuels. Nick works at Healthcare Solutions Team.

Why You Should Not Put Off Life Insurance

life_insuranceWhen is the best time to get life insurance? The answer: yesterday. Seriously, you shouldn’t wait until you’re pushing 40 to apply for insurance, because when it comes to getting insured, younger is better. Why? The older you are, the higher the rate that will be assigned to you, which means you will end up paying more. Compare life insurance deals using Compare the Market to check your options.

The peak of your youth is the best time to compare life insurance providers, because insurance companies look favourably upon those who are young and at the best of health. It may sound brutal, but that’s reality: the older you are, the closer you are to the end of your lifespan.

Apart from lower insurance rates, here are the benefits of getting life insurance ASAP:

  • Income protection – you can rely on your life insurance to have your back in case you lose your job unexpectedly and are having a difficult time getting a new one. For couples, life insurance can be used to augment the family income should one of the spouses die, so that the family will be able to maintain the same standard of living as before.
  • Mortgage protection – life insurance can be used as mortgage protection; with this, your family or those living under the same roof will be able to continue living in the same house even after your death. If you have an outstanding mortgage balance, a term life insurance can be used to pay it off.
  • College education – you may think that your children are still too young (or not even conceived yet) for you to be worrying about their life in university, but with the high cost of higher education today (and definitely in the future), you’ll do well to start investing now.
  • Easing the burden of final expenses – death is a burden, and more so if there are expenses to pay, such as medical bills, funeral expenses, and burial costs. It may sound morbid, but planning for these things can alleviate the grief and financial burden of your loved ones when your time comes.
  • Long-term investment – life insurance can also be considered as an investment; if you put in more cash, the extra amount will grow as a tax-deferred account. The money earned from the compound effect can be withdrawn, borrowed out, or used for other insurance purposes, such as paying premiums.

There are different kinds of life insurance policies – covered off in this article by CNN Money – for different needs; what may be enough for you may not be the same for others. There’s an insurance policy for everyone; policies are formed depending on an individual’s situation. Even those who have just started getting a regular wage will be able to afford a simple term insurance.

Think about this: the earlier you take out a life insurance policy, the sooner you’ll be able to secure your family’s finances. Let’s add a little dark humour to this and say that getting life insurance can be your way of telling your family you love them from the grave.

Take your time to research, shop around, and talk to financial planners for advice, but definitely don’t put off getting life insurance any more than you have to. Remember, the earlier you apply for insurance, the easier it will be for you and your loved ones in the long run. It pays to be prepared for life’s emergencies, as detailed in this guidance piece by the Australian Securities & Investments Commission.

Things To Keep In Mind When Buying Commercial Insurance

Just as important as starting your business is protecting your business. There are many strong small businesses that struggle to survive where the reason had nothing to do with the product or service offered. Not being protected by a commercial insurance policy unique to your enterprise is a critical mistake any business can ill afford to make. There are a lot of different products offered and not all of them will make sense for your company.

However, regardless of how you earn your living, there are several products that can help ensure you don’t join the ranks of the under-insured business owner .We will look at the three most common insurance products which are property, liability, and workers compensation. In addition to those, there are other valuable policies to fill in the gaps left by the big three.

Closing Steps, How Closing Costs Affect YouBusiness Property Insurance

Property insurance is fairly straightforward in that it covers damages to your business property or its contents. There are many subsets of property damage relating to the cause such as fire, theft, vandalism, smoke, or water. It is important to know what your policy does and does not cover when selecting a policy that is right for your business. An important rider coverage that may interest you is Business Interruption or Loss of Earning Insurance. This product will reimburse you for taxes, salaries, rents, and lost earnings when damages to your property make operating your business impossible.

For those who utilize a home office for their small business, don’t make the mistake the of assuming your homeowner’s insurance will cover losses related to your business. Just like there are exceptions to your homeowner’s insurance policy such as damage by flood or hurricane, there may be exceptions related to property owned by the business and not by you as the individual. When in doubt, always ask your trusted insurance professional. This will save you from that horrible feeling of finding out afterwards that you aren’t covered.

Liability Protections

Just as important as property insurance for your business is liability insurance. Similar to the liability portion of your personal  automobile insurance, business liability insurance provides defense and damages if you, your employees, or your products or services cause harm to a third party. Commonly, liability insurance will cover you if a customer were to sustain an injury while on your premises. It also covers the cost of defending and resolving a lawsuit against you though you may find it necessary to bring in additional legal representation for more serious claims.

If your business also requires the use of company owned automobiles, you will also need commercial automobile insurance to reimburse you in the event of theft or damages to your fleet or if one of your driver causes injury or damages to a third party. An important rider under liability insurance is Errors and Omissions Insurance (E&O insurance). This product provides defense and damages due to failure or improperly rendering professional services such as legal, notary, accounting, consulting, insurance, real estate, and even beauty services. Of course if you are in the medical field, Malpractice Insurance is of most importance. This product  is not limited to doctors or dentists, real estate agents, architects, and other professions may find malpractice insurance useful.

shutterstock_94651684Workers Compensation Insurance

Most people have a basic understanding of workers compensation which provides insurance to employees who are injured on the job. It covers costs associated with the injury such as wage replacement and medical expenses when an accident occurs. Most businesses are required to carry some level of workers compensation insurance, exceptions may include those businesses that don’t have any W2 employees. Depending on your industry, more or less coverage may be right for you. An added benefit of workers compensation insurance is that it prevents an employee from bringing about negligent lawsuits against their employer. In exchange for the benefits provided by the policy, workers give up their right to sue the employer for the incident. Carrying the right amount of coverage is important to the financial health of your company and non-compliance penalties imposed by your state can be severe.

This is not a comprehensive list of all insurance policies available to business owners and it is advised that you speak with a trusted insurance agent to learn about additional products that may be right for your company. Not doing so or not carrying the appropriate coverage may be the difference between your company surviving after a damaging incident.

Brian Levesque is a content writer who currently works at CFL Insurance in Orlando, Florida. Brian has over 5 years of experience in the insurance industry.

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