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How to Get Life Insurance with a Chronic Illness

Getting life insurance with a chronic illness is not impossible. But many people don’t even try to find life insurance coverage because they assume it’s impossible. While 54 percent of adults with chronic conditions carry no life insurance, SelectQuote has agents trained to help people get life insurance with a chronic illness.   Health issues impact more than 133 million Americans – 45 percent of the population – have at least one chronic illness. Increasing numbers of adults live with a chronic illness such as obesity, asthma, cancer, high blood pressure, depression, sleep apnea, diabetes and other medical conditions. While the young and healthy are prime candidates for lowest life insurance rates, getting life insurance with a chronic illness may not be a barrier. Life insurance companies each have their own underwriting standards. They consider the following: Date of diagnosis Your treatment or maintenance program How you manage your health with…

Life Insurance Calculator: How Much Life Insurance Do You Need?

Do you know how much life insurance is the right amount for you? Take a few minutes walking through our Life Insurance Calculator for the answer. And even if you have life insurance today, is it enough? It may cover your family’s expenses so take time to make sure you have enough life insurance coverage. About 1 in 5 with life insurance admit they do not have enough. No matter your situation, when it comes to figuring out how much life insurance is the right amount, our Life Insurance Calculator can help you get organized around your life insurance needs and recommend a coverage amount. Understanding your needs goes a long way in helping one of our licensed SelectQuote agents assist you in finding the right policy and get you a quote for life insurance. We shop many highly rated life insurance companies to save you time and money. Life Insurance Calculator:…

How to Select The Right Amount of Life Insurance for You

Terry’s life insurance cost $9.95 a month. Sounds like a good deal, right? The cost of a couple cups of coffee a month can fit into most people’s budget. That may work for Terry, but it doesn’t really answer the question, “how much life insurance do I need?” or “How much is the right amount of life insurance?” A number of factors go into estimating your coverage needs. If you already know your financials fairly well, try our life insurance calculator. It will give you a quick sense of what you’ll need to consider for coverage. Plus, it offers three financial planning scenarios for what you could leave your beneficiaries. Otherwise, let’s review common considerations that go into deciding how much to purchase. Does Your Employer Offer Life Insurance Coverage? If your employer offers life insurance coverage, it can be a cost-effective way to supplement your needs. Large employers negotiate…

Cancer Survivors: How to Get Life Insurance Coverage

If you’re a cancer survivor, you know how much your diagnosis – no matter how long ago – changed your life. The good news is, more people than ever before are cancer survivors, living rich, full, healthy, active lives. Unlike years ago, when a cancer diagnosis made it nearly impossible for cancer survivors to find life insurance coverage, today you have options. The number of survivors from all forms of cancer is steadily growing. In the United States, it’s around 15 million and is expected to reach more than 20 million survivors in the next seven years. Just like continued checkups and care are necessary for your health as a cancer survivor, taking care of your financial peace of mind is also important. Unlike years ago when a cancer diagnosis made it nearly impossible to find life insurance coverage, today you have options. Life Insurance Coverage for Cancer Survivors Here…

How to Choose a Life Insurance Beneficiary: Top 7 Tips

Whether you’re reconsidering the terms of your policy after decades of coverage or just now requesting a quote, life insurance can feel overwhelming. Once you have figured out how much coverage you need and whether term life insurance or whole life insurance is more appropriate for your situation, you still have to choose your life insurance beneficiary. In some circumstances, the decision might be pretty straightforward. But in many others, choosing a life insurance beneficiary comes with more caveats than you might have considered. Here is a quick primer on how to choose your life insurance beneficiary: Choose a Life Insurance Beneficiary (or Beneficiaries) Based on Your Situation Essentially, your beneficiaries should be chosen based on the people who are financially dependent on you in any significant way. These dependents – not always the same “dependents” you would claim on your tax return, are likely different for everyone. If you’re…

Rest Easy with Sleep Apnea: How to Find Affordable Life Insurance

If you suffer from sleep apnea, you’re far from alone in middle of the night. An estimated 18 million Americans are diagnosed with this common medical condition. Sleep apnea is when normal breathing is interrupted during sleep.   The vast number of people affected by sleep apnea means that many apply for life insurance and get coverage. Some people even are accepted at preferred rates. Life insurance companies do view sleep apnea as a health risk, however. Your life insurance rate might be affected if your condition is left untreated. Your key to getting the best rate possible is to take steps recommended by your doctor and to work with an insurance company that’s experienced with finding affordable insurance for people with sleep apnea. Sleep Apnea Basics The Greek term apnea means without breath. Sleep apnea is an involuntary stoppage of breathing while asleep, often for a minute or longer,…

How to Choose Burial Insurance Coverage

Many of us worry about passing the cost of final expenses to our spouse or other loved ones when we die. The National Funeral Directors Association reported the median price of a funeral is $7,360. Even more problematic, statistics show costs are trending up. Between 2004 and 2014, the median cost of an adult funeral rose nearly 29 percent, which sounds reasonable when compared to the 87 percent surge from 1980 to 1989. Topics related to final expenses represent difficult areas to address with family, even with adult children. But engaging them gives you a head start on managing expectations before they become an issue. Communication is key. Why Burial Insurance Burial insurance is a simple and specific form of insurance coverage. Benefits are available to use for funeral expenses and other bills left behind when a person dies. For people with high-risk health problems, or are older and otherwise…

Overweight? Here’s the Lowdown on Life Insurance

If you struggle with your weight, you already know you have plenty of company. The Center for Disease Control (CDC) says nearly 40 percent of U.S. adults – 93 million people – are classified as obese. This is in addition to the vast numbers of others who are overweight, but not actually obese. The statistics add up to about 68 percent of Americans, according to some surveys. Do You Know Your BMI? The CDC defines overweight and obesity by using weight and height to calculate a number known as the body mass index, or BMI. An adult who has a BMI between 25 and 29.9 is considered overweight. To calculate your BMI, see the CDC’s Adult BMI Calculator. Or find your height and weight in this BMI Index Chart from the National Heart, Lung and Blood Institute. BMI is used as a screening tool. It’s not an absolute measure of the body…

Tips for Getting the Best Life Insurance Quote for You

When scoping out life insurance options online, you’ll likely find no shortage of options. It’s important to understand the process so you come away with the best, most accurate, quote for your situation. Selecting a Credible Life Insurance Resource Finding an agent that can shop multiple life insurance companies remains key to the buying process. This agent can find the best prices and policies to fit your needs. As with many purchases, this process often begins online. Look for a provider that puts you in contact with an agent for an interactive conversation before providing a quote. While it may be tempting to simply fill out an online form for a digitally generated quote, the chances of inaccuracies are high. It’s important to talk to someone who knows the right questions to ask. Since the accuracy of your quote depends on a variety of health and lifestyle factors with many…

Top 12 Questions (and Answers) About Life Insurance

Even the most calm and collected person can become confused by the prospect of getting life insurance. So many of us know we need life insurance, but we also feel we don’t understand it enough to make the best decision. Good thing at SelectQuote we know when it comes to investing your money in ANY kind of purchase, the only stupid question, as the saying sort of goes, is the one you didn’t ask. There’s a funny thing about so-called dumb questions—a lot of people have them. And with that, here you can find answers to some of the questions you have about life insurance but don’t feel comfortable asking out loud. Do I Need Life Insurance? If anyone depends on you bringing in money in order to survive, you need life insurance. It’s a great comfort to know your loved ones will have much-needed money in the event of…