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Affordable Term Life Insurance for Smokers

Term Life Insurance for Smokers

Smokers Life Insurance is expensive, no way around it. I have heard it time and time again, “It is impossible to get affordable life insurance for smokers.” With the term life insurance for smokers,  Even though smokers life insurance rates are more expensive, it is not true that you cannot get them at an affordable rate.

Term Life Insurance for Smokers

Buying life insurance is one of the most important purchases you can make for yourself and your loved ones. Life insurance such as with companies like Banner Life, gives you peace of mind knowing that if anything were to happen to you, your family would have the funds they need to cover all the related expenses without having any added stress during the difficult time. If you have considered getting a quote from State Farm life insurance, you may want to explore all of your options before deciding to go with them.

You’ve probably heard stories, or known someone that was left with thousands of dollars in debt from house payments and students loans. When dealing with the loss of a loved one, the last thing you want to worry about is how you are going to make end’s meat. Having a life insurance and term life insurance for smokers policy can make sure that this never happens.

When it comes to buying life insurance, many people are scared to start the process. They get confused with the different terms that they don’t understand, and honestly, the thought of their deaths keeps them from starting the life insurance process. But finding the perfect life insurance plan doesn’t have to be a confusing and frustrating process. We can connect you with a knowledge agent that can show you the best policy based on your preferences.

Term life insurance for smokers is double that of non-smokers. I know that quitting smoking is extremely difficult, so here is a much easier way to ensure you get the most affordable life insurance solution: Use an independent life insurance broker.

1. Compare many different companies- When it comes to term life insurance quotes for smokers, some companies are more aggressive than others, which in turn, means very different prices. An independent life insurance broker has the ability to quote over 50 different companies, so you are always getting the best possible deal. Every customer’s risk is going to be different depending on age, coverage amount, term length, etc. As a result, each customer is going to get rated differently by each company.

2. Important Facts & Misconceptions regarding life insurance for smokers:

  • “Transamerica is the best company for smokers”- I hear this from many potential customers who are smokers, but the truth is there isn’t one best company. When buying a policy, it comes down to that specific client’s needs, so different companies will offer everybody different rates depending on their aggressiveness. As a person’s risk changes, so do the companies offering policies. The prices below illustrate that different companies are best for different people. An independent broker always has your best interest at heart, so allow him to find the most affordable policy for you!
  • Smokers CANNOT get Preferred Plus rates- It doesn’t matter how healthy and fit you are, if you smoke, you can’t get preferred plus rates. The most affordable life insurance rates a smoker can qualify for is a preferred smoker risk class. If you have been looking for motivation to quit smoking, think about the extra $500,000 you can leave your loved ones.
  • Smokeless tobacco doesn’t mean Smoker rates- Just because you chew, dip, or use nicotine patches, you don’t have to pay smoker rates. There are a few companies who can offer non-smoker life insurance rates, and an independent broker can find these companies for you.
  • Life Insurance for Cigar Smokers-  – Just like with smokeless tobacco, there are a few companies out there who will offer non-smoker rates to cigar smokers. Once again, it comes down to utilizing an independent broker and having them do the work for you to find you the best rates out there.

3. Pricing Example- To help illustrate the importance of using an independent broker and show you there isn’t one best company for smokers, I ran six different quotes. I compared quotes for a 35, 45, and 55 years old preferred best non-smoker and preferred smoker for a $500,000 20 year term: 

 

35 yr. old

45 yr. old

55 yr. old

Preferred Best Non-Smoker

SBLI @

$22.19/month

SBLI @

$52.64/month

SBLI @

$127.89/month

Preferred Smoker

AIG @

$94/month

Transamerica @

$217.38/month

MetLife @

$500.76/month

The above table shows you that there isn’t one best company for a smoker looking for life insurance. Transamerica is only the best for a 45-year-old smoker, but AIG and MetLife are better companies for a 35 and 55-year-old smoker respectively. If you are looking to skip the medical exam then Globe Life Insurance is going to be your best bet.

These are simply a quick quote and it will come down to a person’s specific risk. There is no way that you can get an accurate quote by yourself. An independent broker specializes in finding the customer the best rates on the market, so get ahold of one today.

Another important thing to note from the table is the rates of a non-smoker compared to that of a smoker. In all three instances, the best possible smoker rates are around quadruple that of the best non-smoker rates. There is no way around it, if you smoke, you’re going to pay for it.

How much life insurance do I need?

Another important factor in deciding how much you pay for life insurance is going to be the size of the policy you purchase. Obviously, the larger the policy, the more you’re going to pay every month for it.

So how do you decide how much you should get? Your recommended policy size depends on how many people depend on your income. If you are married, and your wife also works, then she isn’t really dependent on your salary, she would be able to survive without the added income. But if you have a spouse and two kids, then more people depend on your salary.

Many financial experts can’t agree on an EXACT number, but the majority suggests getting ten times your annual salary. For example, if you make $50,000 every year, you should purchase a $500,000 life insurance policy and read term life insurance for smokers. It may sound extreme, but this will give your loved ones enough money to pay off all debts, pay for funeral expenses and other final expenses, as well as give them enough time to recover the lost salary. Have you asked your parents if they have burial insurance? If not, we can help guide you in efforts to purchase life insurance for your parents.

The best way to calculate how much money you should take out on a term life insurance for smokers policy is to look at all your bills and other expenses that you could have in the future. Do you have kids that plan to go to college? Do you still have a mortgage or a couple of car payments? Look at all the debt you have currently or the debt you’re going to have in the future. After you’ve calculated all these numbers, you can see how big of a policy you’ll need.

Getting the lowest rates on life insurance for smokers

Okay, so you’re a smoker. Your rates are going to be higher, but you can still get better rates than other smokers. If you don’t want to quit smoking, see term life insurance for smokers there are a few other things you can do to make your monthly premiums a little cheaper than they would be otherwise.

The first is to switch to smokeless tobacco. As we mentioned earlier, if you chew, dip, or use nicotine patches, you will be able to get non-smoker rates. If you switch, you can get the lower rates of term life insurance for smokers and still have nicotine, best of both worlds, right? Many smokers say the transition from cigarettes to smokeless tobacco is easier than trying to quit.

If you’re going to smoke, spend extra time taking care of your health. Smoking can have adverse effects on your body, which is why you have to pay more for life insurance and term life insurance for smokers. As we mentioned earlier in the article, you WON’T be able to get preferred rates, but that doesn’t mean you should settle for the worst rates they offer. Make sure you work to get your body in prime physical health. We don’t mean that you have to run a marathon or spend hours in the gym, but you should make sure that you’re at a healthy body weight, exercising regularly, and eating healthy foods. If you have a health condition such as diabetes and want to know if you can qualify for affordable life insurance for diabetics, we can answer questions and help you find the coverage you deserve.

The American Heart Association recommends that everyone get at least 150 minutes of moderate exercise every week (or 75 minutes of vigorous exercise). Aside from working out, your journey to a healthier lifestyle goes through your kitchen. Eating healthier foods and skipping the greasy fast food will make a significant difference on your waistline (and your insurance rates).

As we mentioned earlier, you want the lowest rates possible, you should shop around with different insurance companies before you pick one. Normally, the first insurance company you call isn’t going to have the lowest rates. Because each company uses different methods for pricing premiums, you can receive very different quotes from each company. You should get at least three different quotes before you decide which one works before for you. Instead of having to call all of these insurance companies and answering the same questions over and over, let us do the hard work for you. With a few simple questions, you can be connected to one of our agents, and they can find the best rates available to you from a majority of insurance companies.

Because of the dramatic price differences, it should be a priority to save every dollar that you can, and GIA will be sure to find the company that best meets your needs and price range. Don’t let the thought of expensive life insurance policies keep you from buying the financial protection you and your family need.

If you smoke and are looking for affordable term life insurance, the decision should be obvious; use an independent life insurance broker. Goldsmith Insurance Agency is more than happy to speak with you and review all your options and help save you money.  Buying a life insurance policy shouldn’t be a long process that causes more stress than you already have.

Zander Insurance Might Not Be Your Best Bet

Zander Insurance Might Not Be Your Best Bet

Zander Insurance claims to be an independent life insurance brokerage like us.  They have a wonderful name in the industry. Dave Ramsey, a big financial guru, always and only recommends Zander Insurance to his clients and listeners.Zander-InsuranceDave Ramsey has a pitch to buy term and invest the difference with Zander Insurance. While I like the idea of investing and insurance, I do not believe every situation is black and white just like I don’t think Zander Insurance is in your best interest.  It is easy to go to a site that offers convenience, but a legitimate independent broker is an intermediary between you, the customer, and fifty plus companies. Zander Life Insurance makes their assertions of service and price, and then to prove that they are the most competitive, their site offers an online term life insurance quote engine. You punch in some basic information about yourself, and, presto, there appears the “most competitive” quote you can find in the marketplace. As with any “engine,” you better search “under the hood” to see if you are really getting what you need. We offer several different company reviews such as Banner Review, Primerica Reviews,  New York Life Review and AARP Review for you to look over before making your final decision on your life insurance coverage. We can also help you with more specific needs such as finding the best company with a no medical exam life insurance policy, no matter the need, just ask!

Is Zander Insurance really a broker?

Zander Insurance calls themselves a broker. Zander Insurance claims “unparalleled commitment to service, the best products on the market, and a principled commitment to debt free strategies”, so it is easy to think that they really offer the very best rates. However, it’s interesting that others have tried their quick quote engine which, in certain cases, only produces around 7 insurance carriers, all of whom are known in the industry to pay higher than usual commissions to agencies. If you don’t believe this, then try it yourself. You probably won’t find quotes from companies like AXA Equitable, Prudential, or Met Life.  This being the case, then you the customer are not getting the absolute very best service. Every dollar saved by you, the client, can then be placed into your own financial savings plan.

Zander Insurance is not a smokers best friend

There is another category of customer that should not assume they are getting the best service. These are smokers. It is true that smoking is on the decline in the USA for obvious health and financial reasons, yet there are still people who do smoke and want life insurance. A quick trial of Zander’s engine reveals that they do not have the market’s absolute best rates because the best carrier for smokers is a company that pays lower commissions.  Learn more about getting the best rates for smokers HERE.

Is Jeff Zander Insurance actually going to speak with you?

When you call into the number are you actually speaking with Jeff Zander or are you speaking with a call center representative who has a quota to hit and treats you like a number? When do you call a call center are you actually getting the best possible service and guaranteed lowest prices? Life insurance is a major purchase and one that should not be left to chance. Make sure you are not a number when you are shopping for the best rates on life insurance.

Zander Insurance is an Advertiser on the Dave Ramsey Show

Do you know that Zander Insurance spends millions to be Daves insurance company? While most of Ramsey’s advice about saving money and paying off debt is wonderful, sound suggestions you have to wonder about a potential agenda by the radio host regarding his “clients.” Dave Ramsey’s show is a syndicated radio show with paid advertisers, Zander Insurance being one of if not the largest. Rumors have always swirled regarding how many millions are spent each year to remain “Dave’s suggestion” as to where you should go to buy life insurance. The morale of the story is to shop around and make sure the broker you are dealing with has your best interest.

Shop before you buy Zander Insurance

zander insurance review
Zander Insurance

So now what do you think of Zander Insurance? So despite these issues, at least the customer is given a chance to get some market information about term life insurance. Throughout life, there are major financial obligations, and term life insurance is the best policy to address the concerns of the client. Term policies provide a financial cushion if a life changing event occurs. As we grow older, our responsibilities change, and there is no reason to be locked into paying for a larger financial contract because the major your financial obligations have changed and are the need to replace your income is much smaller. Term life policies are set for a defined time frame, and will only pay if the policyholder dies when the policy is in effect.

The features related to cash policies are different. They provide a financial cushion but are more permanent in nature (lasting the life of the insured or until they are 100 years old). They also accumulate savings (also called a cash value) but are the residual benefit to the insurance carrier when the policyholder dies. Many financial advisers believe that the cash values is not a real benefit since insurance should be for financial protection if an event occurs, and not a savings account.

Why is this information important?

From a consumer perspective, we tend to look down upon the life insurance industry. We don’t like dealing with agents, we don’t like talking about life insurance, and, to top it off, when companies, agents, brokers and financial pundits misinform the public it the makes hard working honest people in the insurance business look bad.  I try my best to always do what’s in your best interest first and never my own. While Zander is not out and out recommending bad policies they are not giving their clients the benefit of all the information that would allow someone to make the best decision for their needs. This is why I cannot recommend that anyone use this company for life insurance quotes. When you start out with only a select few life insurance companies you are starting out with a bad foundation for helping a client.

Low Cost Term Life Insurance

low cost term life insuranceLow cost term life insurance  is important in order to keep your expenses relatively low.  After all, at this time of year with the ever growing list of holiday gifts you need to buy, you’re looking to save whenever possible. You keep hearing about low cost term life insurance.  Is it too good to be true?  Not at all!

One of the most common reasons that people don’t purchase life insurance is because of costs, but in most cases, applicants are shocked to see just how affordable a policy can be. There are several things that you can do to get the best life insurance rates possible. Don’t let costs keep you from getting the protection that you and your family deserve. (more…)

Life Insurance Over 50 – A Growing Market

life insurance over 50

Life Insurance for people over 50 has become more relevant in recent years as people choose to retire long after they reach the age of 65. In general, when younger people buy life insurance, often the main concern is income for their spouse and family and or a mortgage. Everyone understands the importance of having life insurance at younger ages. But for those over 50, this life insurance policy is usually bought with their future retirement and financial security in mind. Our needs change as we age: for some, more insurance is needed and for others, less life insurance makes sense as we reach 50. But the bottom line is having the peace of mind that your family will be taken care of financially, after you’re gone. (more…)

Instant Life Insurance Quotes Can Help You Find the Best Pricing


If you’ve ever bought life insurance before, you know that it can be a long and frustrating process. You have to call the different insurance companies, get the paperwork, send it back, wait for quotes, and much more. Thanks to the Internet, the days of waiting for quotes are long gone. Life insurance is one of the most important things that you’ll ever buy, but it doesn’t have to be a painful experience.

Do you need an instant life insurance quote? These days, Starbucks coffee shops are everywhere, amazingly, so are instant life insurance quotes. One way to find inexpensive instant life insurance quotes is by checking out many of the online insurance sites.

A Quote isn’t a Quote: Just because you find instant life insurance quotes doesn’t ensure the best deal. You need to be cautious, there is always a company out there that seems upstanding and legitimate, but sadly, may not be.  How do you avoid these kinds of companies?  Well, one way is to read as many online reviews as you can find.  As an example I offer my clients a free forum to leave sincere feedback on my site. Learn from other buyers’ experiences – get as many points of view as possible. It doesn’t matter whether the company is well known or not, read as many online reviews about the company that you see.  If you read a bunch of reviews, then the odds are you’ll be able to easily ignore the one angry, irrational customer, as well as the one overly positive review, probably written by the brother-in-law of the company’s marketing chief. Doing a few simply Internet searches can reveal A LOT about a company. Either good or bad.

One Stop Shop: Don’t limit your search to just three or four companies.  Find an independent broker like me to shop for you. Yes, this makes your decision much easier and quicker. Buying life insurance is a serious, crucial purchase that will impact your family, this is not the time or place to try and play the professional.  The advantage of an independent life insurance broker is it’s easy to look at fifteen, twenty companies. Each company is going to be very different, all of them have different ways of looking at an applications and calculating your monthly premiums. That’s why it’s so vital that you get quotes from a dozen companies before you choose one.If you were to try and look at all of these companies on your own, you could spend several days calling all of the different companies. The more companies you look into, the more likely that you will find the best life insurance policy out there for you. Sometimes you won’t be able to compare specifically “apples to apples”, but that’s OK because you may discover some great policies that may cost you only a few dollars more each month.

Talk to your friends: Talk to friends, relatives, co-workers, your workout buddies…what companies do they use for insurance; perhaps they’ll even discuss what they pay.  The more information you gather, the better.  Plus, these are recommendations from people you know you can trust, they aren’t mysterious, unknown authors of reviews that you’ll read online. The reviews from people that you know are the best reviews that you can ever get.

Finally, working with an independent insurance broker like me can give you an insider’s view of various companies that you’ve learned about. A lot of people misunderstand what working with and independent agent is like. These agents are basically like working with a traditional insurance agent, but instead of only representing one company, we represent dozens of different companies. There are several advantages to working with these kinds of agents.

The biggest advantage, as I mentioned early, is that it saves you time. You don’t have to do all of the calling and researching yourself, we will do that for you. The other advantage is that we can ensure that you’re getting the lowest rates possible. Our agents understand the insurance marketplace and have experience working with the different insurance companies. They can walk you through the application process and answer any questions that you may have about life insurance or the different types of policies. After a search this diligent, you will end up with the best life insurance policy that fits your individual needs.

Aside from picking a company, you’ll also need to determine how much insurance coverage that you and your loved ones need. There are several different things that you have to consider when you’re looking to buy an insurance plan. The two biggest things are your debt and your annual income.

One of the main purposes of life insurance is to pay off any debt that you would leave behind to your family. Before you purchase your plan, sit down and add up any final expenses your loved ones would be left with if you passed away. Not having life insurance could leave your family with thousands and thousands of dollars of debt that they have no way to pay off.

The other main purpose of life insurance plans is to help replace the income your loved ones rely on. If you’re one of the primary income earners in your family, they would experience financial hardships if something tragic were to happen to you, but that’s where an insurance policy comes in. It will give them the resources they need to find a way to permanently replace the lost salary without losing their standard of living.

You never know what life is going to throw at you tomorrow, but you can always plan for the worst. Having life insurance is the perfect safety net for you and your loved ones, and it most cases, it’s a very affordable life net. Don’t wait any longer to give your family the protection that they deserve.

Stonebridge Life Insurance – Too Good to be True? Well, Read This…

Life insurance policies are one of the most important purchases that you’ll make for your family. It’s the only way to ensure that they will have the money they need if you were to pass away. Nobody wants to think about their own death, but making a good life insurance choice is vital. There are dozens and dozens of different insurance companies to choose from, how do you know if you’re making a good choice?

If you go to Stonebridge Life Insurance’s web site, you’ll see that they are offering a no exam/purchase online term life insurance policy.  You see that, and if you may have any kind of health issues, such as diabetes, you’d think, “no exam?  I can buy this online right now?  Let’s do it!”Stonebridge Life Insurance

And if you, for example, were a 38 year old non-smoking male, you can get a 20 year, $200,000 term Stonebridge Life Insurance policy for only $61/month.  Assuming it’s a level term life insurance policy; it sounds pretty good doesn’t it?  But, if you look into the small print (always, it’s the dreaded small print) you will see that the “20 year” term is actually an annual renewable term (ART) which means that nice $61/month is only for the first year.  The premium cost rises EACH year.  I call that initial $61/month a teaser rate to suck you in.  And that rate isn’t even such a great bargain.

I compared the price with some other companies.  I found that if I am in perfect health, and agree to a medical exam, I can pay $17.50 for the same product.  But let’s say I have issues, and am not willing to take that exam, here are some of Stonebridge life Insurance’s competitor’s prices for life insurance no medical exam:

$32/month – American National (ANICO)
$33/month – Assurity Life
$33/month – United of Omaha
$59/month –  Fidelity Life

With the last one listed, from Fidelity Life, there is only a two day turnaround to become insured, amazingly fast.  And, they are level 20 year premiums – you know up front exactly what this term life insurance policy will cost you for the next 20 years.  The same cannot be said about the Stonebridge Life Insurance policy described above.

To make this offer from Stonebridge Life Insurance even stickier, I called them and asked for the price schedule on this policy.  They refused to give it to me.  I was told that instead, I have to apply and receive the policy in the mail in order to see the actual twenty year cost for this policy.  Seems crazy and very inconvenient to me…so I asked why.  Their answer was that they give the customer a 30 day “free look” period in order to evaluate and if necessary, cancel the policy.  Hmm, I wonder who would want to buy a life insurance policy with no idea of the cost for nineteen of the twenty years on the policy.  I’m thinking, not many, though there are those few that feel they have no other options, such as those looking for the best life insurance for smokers, but there are options, keep shopping.  What Stonebridge Life Insurance needs to do is call this policy what it is, an annual renewable term policy.

There are a lot of people out there with health complications or in poor health that think they can only get a no medical exam policy, instead of a traditional plan with medical underwriting. In just about every case, this isn’t true. There are only a few cases where applicants will be denied insurance coverage. There are several other options other than no medical exam policies, especially from Stonebridge.

If you’re looking for the most affordable insurance coverage, a medically underwritten term life insurance policy is going to be the best option. With a medically underwritten policy, you will be required to take the medical exam, but it could save you hundreds, or thousands of dollars on your insurance coverage throughout the course of the policy.

If you’re choosing a no medical exam policy because of a misunderstanding about what it consists of, let us clear that up for you. After you complete the initial paperwork, the insurance company is going to schedule a time for a paramedic to come to your house and do the exam. During the exam, the insurance company is going to want to know your weight, blood pressure, cholesterol, and they will also require a blood sample and urine sample. The samples will show if there are any severe health complications that you didn’t tell the insurance company about on your application. The results from the short exam are going to have a major impact on how much you pay for your underwritten plan.

If you decide to go with a plan that has a medical exam (and I suggest that you do), there are several things that you can do to get the lowest rates possible. The best way to do that is by losing any extra weight. Being overweight or considered obese, is going to have drastic effects on your monthly rates, in fact, it could cause your premiums to double. Before you apply for insurance coverage, take some time to lose those extra pounds that you’ve gained through the years.

Start a healthy diet and a regular exercise program. Getting enough daily activity and cutting back on all the junk food is going to help you shed those pounds, lower your cholesterol, and lower your blood pressure.

The best way to get the lowest insurance rates is by comparing quotes from different companies. Every insurance company is different, and they all have varying ways that they calculate coverage rates. You would compare the prices if you were shopping for a car or a TV, why wouldn’t you do the same with insurance policies? Because there are thousands of different insurance companies, you could spend days talking to different agents, or you can let us do the work for you. Simply, fill out the quote form on the side with your information and all the quotes will come to you.

Learn more about some other companies and their products by looking at more of my reviews such as Banner Life InsurancePrimerica Life Insurance Company,  New York Life Insurance and AARP InsuranceHERE.

Life Insurance Reviews – Are You Doing It Regularly?

Most agents do not offer free life insurance reviews and I do not understand why. You’ve put in the work – you made plenty of comparisons when you shopped for your life insurance policy a few years ago. You diligently listened to so many reliable opinions in order to find who and what is the best out there. You ended up with an excellent life insurance policy for your family. Your work is done!  Well, maybe not. (more…)

Simplifying Various Life Insurance Types

Does thinking about the various life insurance types leave your head spinning?  I hope it makes you feel better to know you’re not the only one like that.  If you’re in the market for life insurance, let us help you. These descriptions of the life insurance types will help you understand them. You may be searching for life insurance for you or life insurance for your parents or maybe you’re interested in reading some of our reviews such as with New York Life before making your final decision. Let us guide you in this process.

Are you concerned because you have certain health conditions that you think will cause you to be declined?  You may be searching for life insurance for diabetics or many other health conditions. Don’t let your fears stop you from getting the coverage you deserve.

(more…)

Finding the Cheapest Term Life Insurance

Life insurance is one of the most important purchases that you’ll ever make for your family. It’s vital that you have the insurance coverage that would give them enough resources to recover if something tragic were to happen to you.

Finding the right policy can be a long and difficult process, but it doesn’t have to be that way. If you’re looking for the most affordable life insurance coverage, term insurance is probably the best option. These policies tend to be the least expensive way to give your family the coverage that they deserve. There are several ways that you can ensure that you get the best rates for a term life insurance policy. (more…)

Have you considered Life Insurance for your Parents?

Life Insurance for your Parents

While most people likely know that Life Insurance for your Parents is important for those who have a spouse and young children counting on them financially, what many may not realize is that this coverage can also be an essential financial tool for those who are older.

The proceeds of a life insurance policy can be used for a variety of different needs that those who are midLife Insurance for your Parentsdle-aged, as well as seniors, could have – and because of that, it can be good financial planning to have life insurance coverage on your parents.

When you purchase this coverage on another individual, though – including immediate family members such as your parents – you will usually have to have both their knowledge and their approval before moving forward.

The good news is that buying life insurance on parents who are under the age of 85 can often be more affordable than you think. But, because all life insurers may price their coverage a little differently from one another, it can be wise to do some policy comparisons before making your final decision on a plan. (more…)

Is Second to Die Life Insurance Right For Us?

Second to die life insurance, survivor ship life insurance, and  or 2nd to die as some people refer to it is a specialized policy unlike typical individual coverage. When you’re looking to buy life insurance, there are several different kinds. Each type has different advantages and disadvantages that you have to weigh to see which one fits your needs the best. One of the common types of life insurance is Second to Diesecond to die life insurance.

Second to Die Life Insurance, also known as “Survivorship Insurance” or “Dual-Life Insurance”, provides benefits to your heirs after the death of the last surviving (or second) spouse.  Second to Die Life insurance allows parents to focus specifically on their children and often is used for estate planning, supporting the surviving children, or even for charitable bequests.  But there are other reasons to own second to die life insurance. If you have questions about a no exam life insurance policy or insurance with companies life Banner Life or State Farm we have answers. (more…)

Should You Buy Life Insurance with No Medical Exam

Life insurance no medical exam

If you’ve been denied life insurance coverage because of poor health, a disease, chronic condition, or a risky job, you may think that you can’t receive adequate or affordable life insurance, but that couldn’t be further from the truth. Regardless of your health or job, there are several options that you can choose from, one of those options is a no medical exam life insurance policy. If you are considering getting a quote from State Farm Life Insurance, we would recommend that you shop around before making an final decisions. If you are concerned that health conditions like diabetes will stop you from getting affordable life insurance for diabetics, don’t let your fears stop you from getting the coverage you deserve. (more…)

New York Life- Is it the Big Apple of Life Insurance or the Forbidden Fruit?

New York Life is just like New York City, it is big and well established. The company was established back in the 1840’s, and just like America, it has grown to be one of the largest life carriers with around three hundred billion in assets. Over time, NY Life grew indigenously, and not by mergers.

New York Life insurance company reviewThey pride themselves on their size, stability, and strength. As a result, they have good financial ratings, and like the city it’s named after, it’s multifaceted and proud of its hard earned reputation. A star in its reputation was their call back in 2007 to policy holders that they were deeply concerned about financial trends and markets. Their financial advisors moved the bulk of the company’s assets to zero risk investments like US government T-bills. When the crash of 2008 hit, New York Life was like the lone house standing in a demolished subdivision. (more…)

Reasons to be weary of Primerica (also known as Prime America)

 Reasons to be weary of Primerica

Disclaimer: We are not affiliated with Primerica or as some refer to them as Prime America. Our main reason Reasons to be weary of Primerica. This article is our review of Primerica and their Life Insurance ProductsReasons to be weary of Primerica

Primerica has become a very well-known name in the life insurance industry.  Many consumers find their insurance over priced with lots of fine print in their marketing and selling affordable life insurance. Here are a few reasons that reveal why Primerica or Prime America is a company you should review and compare.

As always we recommend shopping around and receiving several quotes before you make your final decision. Also, do not allow health or lifestyle choices to hold you back from finding the best policy for you, such as finding life insurance quotes for smokers, it is possible to get affordable quotes! (more…)

Affordable Life Insurance for Diabetics

Life Insurance for Diabetics

Contrary to popular belief, life insurance for diabetics is readily available at great rates if you control your blood sugars. It is very common that those suffering from Diabetes or even those needing affordable life insurance for smokers, do not obtain quotes because they believe they will not be approved. This is not true, and we can help you find the best company to work with for your unique situation. If you are searching for yourself or for life insurance for your parents, we are happy to help.

Over 29 million people in American are diagnosed with some form of diabetes, either type 1 or type 2. This is over 9% of the total population living with the disease.

Life Insurance for Diabetics

Every year another 1 million people are diagnosed with diabetes. Because the diabetic community makes such a large portion of the U.S., it makes sense that many are shopping for affordable life insurance.

Most diabetics think they are not insurable, which couldn’t be further from the truth. Diabetics can find cheap rates for life insurance, life insurance for diabetics, especially those who control their blood sugars well with diet or oral medications. Depending on your particular situation, you could be eligible for much lower rates than you thought possible.

How does diabetes impact life insurance rates?

The healthier you are, the lower the cost of your life insurance. Just like with any other medical condition, having health issues is going to make your premiums go up. Unlike most other medical conditions, there might be changes you can make to lower your insurance payments every month. With diabetes, many factors impact your rates. As a diabetic, the insurance agent will ask you several different questions that will impact your rates.

How long have you been diagnosed?

The more recent diagnosis, the better, in that, in the long term, blood sugar medications harm our bodies. So someone diagnosed at age 65 with late-onset diabetes is less of a risk than a 35yr old who was diagnosed during adolescence.

What type of medications/treatments do you use or take?

The type of medicines a diabetic impact rates. A type II diabetic taking only oral medications is less of a risk than a type I diabetic taking insulin using an insulin pump while a diabetic controlling their blood sugars with diet are even less of a risk than the other two.

How well do you control your diabetes?

Life insurance for diabetics is ultimately like any other health concern. If you are compliant with your doctor’s advice, rates are usually affordable, but if you ignore the physician’s orders your rates are going to be higher.

Controlling diabetes with diet and exercise can eliminate the need for additional medication, which translates into lower cost life insurance.

How long have you been diabetic? The age that you were diagnosed with diabetes can have a huge impact on your life insurance policy. The longer you’ve been diagnosed, the higher you monthly premiums could be. This is because that taking diabetes medication for extended periods of time can have adverse effects on your body. The longer you’ve been taking these medications, the worse you’ll look to insurance companies.

High risks and diabetes make it tough to qualify: If you have diabetes and other health problems you still can qualify for life insurance. The key is good diabetes management and following doctors’ orders. Below is a list of health conditions that make it tougher for diabetics to qualify for affordable life insurance. If you are diabetic with other health concerns, an independent broker can help you compare multiple companies to help you shop for affordable life insurance rates. Several common health complications come with diabetes. If you have one of the following complications, contact us immediately.

  1. History of heart disease
  2. Uncontrolled high blood pressure and or cholesterol
  3. Nicotine use
  4. Kidney Disease
  5. Vascular disease and or strokes
  6. Neuropathy in your limbs or extremities

Many people in the diabetic community think they cannot receive life insurance because of their condition, that’s not true. Not only can you get life insurance, but you may also qualify for average, or even above-average rates. An example of someone who could receive above average rates would have:

  • Good control their blood sugars with diet, exercise and/or medication
  • Fasting blood sugars under 100
  • A1C numbers are in the 6’s i.e.…6.1 -6.9
  • Late onset diabetes diagnosed after age 50
  • Regular doctors appointments

While an example of someone who would receive a below average rating would have some of the following:

  • Poor control of their blood sugar levels
  • Little to no exercise and poor diet habits
  • Fasting blood sugar levels well above 100
  • A1C numbers in the 10’s
  • Diagnosed as a 35 yr old
  • Does not make regular appointments with a primary care physician

As you see, three of the main factors determining rates revolve around blood sugar levels and how low they are. If it’s possible for you, spending a couple of months working on lowering your blood glucose levels could save you thousands of dollars every year on life insurance.

Two of the best ways to reduce your blood sugar levels is by regular exercise and a proper diet. If you have received rates that are too expensive, make some healthy changes that will help you manage your diabetes more effectively. A good vs. a bad rate could mean the difference between paying $600 every year or paying $1,500 every year.

What Else Will the Underwriters Ask?

Aside from the diabetes-related questions, you will also be asked questions that could affect your rates. Be prepared to answer questions regarding your family history, height, weight, age, any other health factors you have, and your lifestyle habits.

The type of diabetes you are diagnosed with can have a huge impact on your life insurance policy. Type 2 diabetics will find a life insurance policy easier than type 1 diabetics. Because there is no cure for type 1 diabetes, type 1 diabetes have higher premiums on average.

Getting a life insurance policy is one of the smartest things you can do for yourself and your family. Not only will having a life insurance policy cover any final expenses for your family, but it will also give you peace of mind. Don’t let your diabetes keep you from having the life insurance coverage that your family deserves.

If you’re looking for a life insurance policy, it’s not only about finding the lowest monthly premiums. When searching for a life insurance policy, there are several different types to choose from depending on your situation:

Each kind of policy has its set of advantages and disadvantages for you. A term life insurance policy is the “traditional” method for life insurance. These plans are purchased and are only in effect for a specified number of years, normally 10, 20, or 30. Once you buy one of these policies, the premiums never go up.

Whole life policies work a little differently than a term policy but do exactly what they sound like. These policies are effective for the policyholder’s whole life, unlike term that only lasts for a certain number of years. These plans tend to be more expensive every monthly, but they do create a cash value.

The last type of life insurance policy is no exam policies. Depending on how well managed your diabetes is, no exam policies could be the best option. These policies will allow you to receive life insurance for diabetics coverage without having to take a medical exam or answer any questions. The major disadvantage of these plans is they are much more expensive than the other two types.

Getting a Life Insurance Policy with Diabetes

As a diabetic, shopping for life insurance can be a headache. If you are diabetic and looking for life insurance rates, all you need is a good independent life insurance and life insurance for diabetics broker to speak with. These brokers will relieve the frustration of having to call dozens of different companies to receive rates. Goldsmith Insurance will help you understand all the options and choose the best one for you. Be prepared with details of your history since diagnosis, current medications, your doctor’s name and phone number and remember, to be honest, a broker is on your team, and here to help you shop.

These brokers are working to get you adequate life insurance for the best price possible, being 100% honest with them will make the process easier and quicker. Independent life insurance brokers can find the perfect policy to fit your needs. Goldsmith Insurance has years of experiencing working with diabetics and has helped thousands of diabetics secure the best rates from the top carriers. We understand the importance of life insurance for diabetics and the changes it can make on a person and their family. If you take care of your health, we can take care of finding you affordable rates for life insurance. Don’t spend hours on the phone answering the same questions to dozens of companies only to hear the same answers.

Many people tend to put life insurance off until “tomorrow” or “next year. The idea of dying isn’t something that anyone likes to think about life insurance for diabetics, but you can’t afford to put it off any longer. Spend some time gathering all your information and to meet with your doctor to discuss your current medical condition and call an agent today.

If you are diabetic and looking for life insurance rates, all you need is a good independent life insurance broker  to speak with. Be prepared with details of your history since diagnosis and most important thing is to be honest, a broker is on your team, and here to help you shop. Goldsmith Insurance has helped thousands of diabetics secure the best rates from the top carriers. If you take care of your health we can take care of finding you affordable rates for life insurance.