Archive for September, 2009

The Life Insurance Exam Routine

To get life insurance there is a routine that has to be followed before one qualifies.

It only makes sense that to obtain life insurance the company will want to know as much as possible about the person applying. Knowing as much as possible, of course, usually means a health exam done by a doctor or paramedic, lots of forms to fill out, the routine blood tests, urine tests and saliva tests, not to mention the obligatory list of medications being taken and why they are being taken.

It all seems a bit too invasive and nosey, but realistically if a person expects to get their life insured, then they have to expect that the company considering doing that will want to know as much medical information as possible. It’s not just the medical information they insist on either. Many insurance companies will be asking questions about smoking history, hobbies (just in case the person sky dives or pilots a plane) and pre-existing conditions. Pre-existing conditions don’t exclude someone from getting insurance, but it may change the category or class they are ultimately approved in which to get insurance.
If, on the other hand, the person applying for life insurance wants less than $100,000 and happens to be under 40, they usually don’t have a tough time getting what they need. In either instance, the cost of the life insurance premium does tend to depend on the person’s age and health, which brings up an interesting scenario. What if the person applying for life insurance does not reveal all of their health issues?

If they didn’t confess to all their medical issues and withheld the fact that they smoke occasionally, this will come out in the salvia test they submitted to, no matter how many breath mints they have to hide the fact. Interestingly enough many insurance companies don’t tend to penalize people for failing to be totally honest about their health, as it may have been a genuine oversight, or they view their odd cigarette as classifying them as being a non-smoker because it’s not a whole pack.

Generally speaking though, it’s wise to just tell the whole truth and nothing but the truth and save the embarrassment later. Being honest about one’s health will only help get the right kind of life insurance in the final analysis.

To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Tuesday, September 22nd, 2009 Blog Posts Comments Off on The Life Insurance Exam Routine

What Exactly Does an “Exclusion” Rider Mean?

When determining what potential carrier to go with it is important to understand if that carrier will exclude certain medical conditions.  But what exactly does this mean?

There are certain carriers such as Blue Cross Blue Shield of Florida and United Healthcare that will rider out certain medical conditions if they deem them to high risk.  For an example lets look at  45-F who is taking medication to control cholesterol.  United Healthcare(Golden Rule) will take this client on however not cover her cholesterol.

This means any doctor visits, testing, Rx, hospitilization etc. associated with her cholesterol will not be covered.

If you are taking any medication or have been diagnosed with any condition within the last 10 years I advise you to call our office before taking out a florida medical insurance.    Failure to not understand your policy or exclusion could result in possible bankruptcy.

Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health  insurance quotes. To learn more about Florida health insurance, Florida health insurance quotes, Florida life insurance, Florida life insurance quotes, Florida group health insurance visit Floridahealthcareinsurance.com.

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Thursday, September 17th, 2009 Blog Posts Comments Off on What Exactly Does an “Exclusion” Rider Mean?

Keeping Florida Health Insurance Affordable

Florida health insurance that is tailored specifically for an individual’s life only makes good common sense. If it wasn’t suitable, why would someone bother to buy it?

It’s no secret that Florida health insurance is essential. It is also no secret that it has the potential to be expensive, which accounts for the rising number of uninsured in the state. Recently, the government and a handful of non-profit organizations have started to wade into the health care field in an effort to reduce the expense of Florida health insurance. That only makes good sense in order to make medical care accessible to people who need it the most. It’s about time the sense of “community” began to take hold in the critical area of Florida health insurance.

It’s not just individuals who need Florida health insurance. It’s designed for groups as well. In both instances, it is set up to protect people and allow access to health care services. Shopping for the right kind of insurance and making sure it’s affordable is often a major concern for people, particularly during a recession. Florida health insurance is noted for offering coverage for children up to the age of 19, pregnant women, families and self-employed people. Still, it’s a smart consumer who takes the time to check on the varying prices offered from one insurance company to another.

Florida health insurance basically offers what a health insurance plan should offer: benefits for medications, prescription coverage, hospital stays and doctor visits. The plans available range from individual Florida health insurance to large group health insurance and from temporary health insurance to small group insurance. No matter what coverage a person needs, there is a Florida health insurance plan that will fit the bill.

In order to qualify for individual Florida health insurance, there is a medical exam to pass. It’s the usual run of the mill doctor’s checkup kind of test that will provide the insurance company with a complete health record. If a person does qualify for Florida health insurance, the next step is paying the premium which is usually based on medical history and age.

Opting to buy individual Florida health insurance is less expensive than group health, but the choices made in the final analysis may depend on other factors rather than just cost. This is why it is best to speak with a local Florida health insurance agent who knows his plans inside out and who can provide a clear overview of what benefits each policy has to offer.

To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Tuesday, September 15th, 2009 Blog Posts Comments Off on Keeping Florida Health Insurance Affordable

Would Someone Please Tell Me What Life Insurance Is About?

Now and then people get into conversations about life insurance, what it does and how much they have, but does anyone really “get” what life insurance is all about?

In a nutshell, life insurance gives money to a listed beneficiary (friend, spouse, family member) if the person who holds the policy dies. In most cases, people buy life insurance to cover their final expenses such as the funeral and burial and to provide income to a beneficiary. Other reasons may include a wish to cover college expenses for someone or a legacy and to pay off estate taxes. There are exceptions to this general rule in that some people just buy a death benefit policy, while others may choose a policy that grows in value over a period of time.

If you don’t know what you want, the best place to start is to review the basics of life insurance, figure out how much coverage you actually need, what type of insurance might best suit you and how the underwriting process works. You certainly don’t have to do this on your own and in fact you’d be one smart life insurance shopper if you took the time to speak to a life insurance expert about the various options you may choose.

Usually the first thing people wonder about when they start thinking about life insurance is how much coverage they should get. There isn’t a right or a wrong number for the amount you would need to cover expenses upon death, but there are a few things you should consider. Take into account what your current financial position happens to be, meaning what are your assets, income, expenses and liabilities? Do you have an idea of what your final expenses would be? What debts are you carrying that might be long-term in nature for your family? Do you want to leave income for a survivor?

Depending on your answers, you should be able to get a rough idea of the amount of life insurance you may need. For example if you want to make sure someone has income on your death, you need to also take into consideration the yearly interest rate. So really life insurance is all about planning for your goals and then finding the right vehicle to carry out your wishes.

You need to know that there are four categories of life insurance you may consider and those are considered to be the primary types of life insurance: term life, whole life, variable universal life and universal life. Before you make any choices about what you ultimately buy, you should be asking questions about the features and benefits of each choice available. Be aware that some insurance plans offer some form of cash accumulation while others do not.

In order to be approved for life insurance you will need to go through an underwriting process which basically means filling out a general medical and financial application and a physical examination. In most cases the whole process may take about 3 to 6 weeks for approval. At that point, you will start paying your life insurance premiums.

Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health insurance quotes. To learn more about Florida health insuranceFlorida health insurance quotesFlorida life insurance,Florida life insurance quotesFlorida group health insurance visit Floridahealthcareinsurance.com.

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Thursday, September 10th, 2009 Blog Posts Comments Off on Would Someone Please Tell Me What Life Insurance Is About?

A Few Common Myths About Florida Health Insurance

Through out my work week I often here several myths that I always try to make my clients be aware of.  While I could spend all day at this I will only speak of the 1o that are most common.

1.   Since I am on a group plan my pre-existing conditions have to be covered!   FALSE.

If you are going from a group plan to an individual plan you will indeed have to go through underwriting.  Underwriting will look at your medical records and then make an evaluation if coverage will be offered.

2.  Every insurance carrier uses the same underwriting guidelines.  FALSE

Every carrier evaluates certain conditions quite differently.  Some use rate-ups, others exclusions.  This why it is  vital to speak with a licensed agent to make sure you know the underwriting for a particular carrier.

3.  I can be singled out for a rate increase if I am diagnosed with a pre-existing condition.  FALSE

Every carrier has rate increases each year but none raise rates simply due to a recent diagnosis.

Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida health  insurance quotes. To learn more about Florida health insurance, Florida health insurance quotes, Florida life insurance, Florida life insurance quotes, Florida group health insurance visit Floridahealthcareinsurance.com.

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Thursday, September 10th, 2009 Blog Posts Comments Off on A Few Common Myths About Florida Health Insurance

An Analogy for the company’s we choose to work with!

Earlier this week I was working with a client talking about Florida Life Insurance. The question came up as to why our agency works with some companies which may be more expensive then others.

This was my response:

Why do people buy so many Toyota’s and no the cheaper model that is out there?  Would it be because it has more features, seems to have fewer problems, offer the peace of mind and security that you want from something that protects your loved ones when they need it most.  What about good service and low mainteance?  And what if there is a problem.  Don’t you want a company you know will stand behind their product and whatever they need to do what is best for the consumer.  A car company that gives you the most bang for your buck without spending more than you need to.   Well that is exactly the guidelines we look for when we choose the companies we choose.

Not always the cheapest but the most bang for your buck.  The company we know will do what is right for their clients and the companies we can get things done with if things need to get done.

In other words, for the companies I was discussing with this client, the more expensive term company also provided more flexibility to both their term coverage and Return of Premium term products that other companies do not.

Evan Tunis is with FloridaHealthcareInsurance.com, the leading provider of Florida life  insurance quotes. To learn more about Florida health insurance, Florida health insurance quotes, Florida life insurance, Florida life insurance quotes, Florida group health insurance visit Floridahealthcareinsurance.com.

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Friday, September 4th, 2009 Blog Posts Comments Off on An Analogy for the company’s we choose to work with!

How A Visit to your Doctor could make you Ineligible for Health Insurance.

Next time you are at the doctor’s office and he advises a RX drug make sure it is only needed out of necessity.

There are certain medications such as (Oxycontin, Coumadin, Metformin) that if show up on an MIB(Medical Information Bureau) hit you will be denied florida health insurance.

For more information please contact Evan Tunis at 800.946.3157 or email at evan@floridahealthcareinsurance.com

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Friday, September 4th, 2009 Blog Posts Comments Off on How A Visit to your Doctor could make you Ineligible for Health Insurance.