Life Insurance

Why Do I Need…

Terry Denesha-California-Life Insurance Life insurance isn’t a pleasant thing to think about, and it may seem like an unnecessary expense. But if you have dependents who rely on you for financial support, then life insurance is really about protecting them in case something happens to you. Your designated beneficiary would collect a financial benefit upon your death.

Youth minister Preston Newby and his wife, Tara, met during college and were soon married. After visiting their local insurance agent to purchase auto and renters insurance, they decided to look into life insurance policies. With a 19-month-old son and another child on the way, life insurance policies made a lot of sense in case anything ever happened to either of them. Unfortunately, this worst-case scenario became reality a couple of months later.

While driving to Canada to visit Tara’s parents, a group of cars up ahead of the Newbys slammed on their brakes and veered to the right side of the road. After coming to a stop, Preston hopped out of the car to find out what happened. One of the cars had hit an elk, and when Preston realized a passenger was bleeding, he ran back to his car to tell Tara to dial 911. As she reached for her phone, a car flew by and hit Preston, killing him instantly.

Thanks to the life insurance policy the Newbys purchased months earlier, Tara was able to pay off the family’s existing debt and provide for her two young sons after Preston’s death.

Whether you are 25 or 55, a life insurance policy gives you the peace of mind that should the worst happen, your loved ones will be taken care of.

Even if you already have life insurance through your employer, you may be underinsured. Call me today—we can work with you to ensure that there aren’t any gaps in your current coverage.

Terry Denesha-California-Life Insurance-Lifestyle LessonsLife Insurance Medical Exams

When applying for life insurance, you will probably have to undergo a medical exam to determine your premium. These exams are done in your home by paramedical health care professionals who are hired by the insurance company. In addition to the exams, you will also have to provide information about your medical and family history. Considering life insurance? Here’s what you can expect from a medical exam process:

Medical Exams 101

Terry Denesha-California-Life Insurance-Plan AheadThe insurance company hires a paramedical professional to complete a medical exam before issuing life insurance in order to identify any health conditions that may shorten your life. Most exams will occur at your home because the professional carries his/her own supplies.

You may also have to obtain an attending physician’s statement (APS) from your doctor, in addition to the exam. The cost of this entire process is covered by the insurance company.

Plan Ahead

Some things to consider before having a life insurance medical exam:

  • Get a good night’s sleep the night before.
  • Do not drink alcohol for at least eight hours prior to the exam.
  • Avoid drinking coffee, tea or other caffeinated beverages for at least an hour prior to the exam.
  • Limit your intake of salt and high cholesterol foods for at least 24 hours prior to the exam.
  • Do not engage in strenuous exercise for 24 hours prior to the exam.

Terry Denesha-California-Life Insurance-ProcessThe Medical Exam Process:

  • Paramedical professional will gather your medical history, height, weight, blood pressure, pulse and potentially blood and/or urine samples. Additional tests will be ordered based on your age and the policy amount desired.
  • Blood tests are used to detect the presence of antibodies or antigens to the HIV virus, cholesterol and related lipids, liver and kidney disorders, diabetes, hepatitis, prostate antigens and immune disorders. Urine tests are used to detect the presence of nicotine, medications and illegal drugs.
  • Exams do not include sensitive tissues, such as breast or prostate exams.
  • If there are any additional questions after the exam, you may be asked to submit more information.
  • After the results are received by the insurance company, you will be given a risk rating: either flat or table for your medical history and conditions. For instance, an underwriter would give a flat rating to someone who just had surgery because the situation is temporary, and someone with high blood pressure would receive a table rating. In general, table ratings increase premiums because they are permanent or somewhat permanent conditions.

If you are considering a life insurance policy, give me a call. We can walk you through the entire process and get you the best premium based on your health.

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