Looking for a quote for life insurance or burial insurance? Click here and send me a message with details of what you’re wanting to accomplish. If you’d prefer to talk live, call 888-626-0439 to speak with me directly.
Today’s Article Topic Is Focus On How To Get Life Insurance If You Have Prostate Problems
If you’re looking for life insurance for yourself or for your spouse and they have prostate problems, hopefully this article will be very useful and give you some basic information as to what your life insurance options are and what’s your possibility would be in potentially qualifying for life insurance.
Let’s talk about what prostate problems specifically.
We mean someone to better define this because there are different kinds depending on the circumstances. And then we’ll go into that later, based on which of these problems, your eligibility, you probably have the potential to qualify for an insurance coverage.
We’re going to talk about things like prostatic abscess prostates, benign prostatic hypertrophy, bph, malignant prostate, bph, prostate cancer. We are going to talk about all of this and its relation to potentially qualifying for insurance coverage.
NOTE: Would you prefer me to present this information to you in video format? Watch the video below for the complete presentation on qualifying for life insurance with prostate health history. Enjoy!
Here’s An Overview Of Today’s Topics:
- Can You Qualify For Life Insurance With History Of Prostate Problems
- Three Vital Reasons Why People Buy Life Insurance
- Types Of Insurance Available To People Who Have Prostate Problems Issues
- Term Life Insurance
- Permanent Life Plan
- Guaranteed Issue Life
- Top 7 Reasons People Buy Term Insurance
- Case Study Examples
- Stories From The Field
- How To Qualify
- The Next Steps
Can you qualify for life insurance with history of prostate problems?
Can you qualify for life insurance if you have prostate health problem?
The short answer is most likely “yes”.
But maybe it depends. We’re going to talk about age as a dependent factor. Mostly what we’ll be speaking today ages between 25 and 85 years old. Also, your health issues play a big part of this.
A lot of people are asking, why don’t you just give us prices directly on this article right away? And the answer is, it’s really hard to, because many people have a multitude of health problems. Can be as something as simple as diabetes, blood pressure or weight issues in combination with the prostate problem, it’s very unlikely you’ll find one health issue alone.
I would much rather give you an idea of where we would potentially head towards in a given different circumstances. I can’t say necessarily for sure if I can qualify you, but it just ultimately comes down to having a conversation with me and being able to give you a better idea and best option. We’ll talk about that later. But hopefully the idea here is we’re going to just look at some options. What you’re eligible would be considering the severity of your prostate problems.
We look for the most competitve rates available by shopping a number of providers to find high quality coverage for our clients. If you would like to see what your premium might be, give us a call at (888) 626-0439.
Alternatively you can send us a message using the contact us box found on this page. We will reach out to you within 24 business hours with more information.
The big thing with buying life insurance is to match your goals up with the right type of life insurance or different life insurance options. But you should know what your goals are before you buy a policy. So the biggest question you should ask yourself is. Why do I want a life insurance and what do you want to accomplish on this policy?
3 vital reasons why people buy life insurance
1st Final Expense (Burial and Cremation)
I would describe this as having coverage to pay for your final expense (funeral or cremation). Any last final expenses associated with your passing. This would be a policy that you would definitely need over the long term that you wouldn’t want to cancel, that you would want to be there no matter the circumstances.
2nd Income Replacement Plan
Second option, this can be a few younger year old is an income replacement plan. When I say income replacement, what I’m referring to is if you pictured yourself dying suddenly. How would your family live without your income, whether you’re retired and receive social security or you’re a breadwinner , how will that affect things? If it would affect it, then you need to consider life insurance a supplementing your income to some extent upon your passing.
3rd Debt Repayment Plan (Business loan or Mortgage)
The last reason is a debt repayment plan. This is if you have some sort of business loan or a mortgage If you died, what would happen to the mortgage? How would your family survive, you can buy a policy that can effectively cover that obligation.
When Buying Insurance Plan Always Consider Your Budget
Then you’ve got to consider what your budget is. A lot of the people I deal with historically been on a fixed income, I’m very sensitive to budget. I am a salesperson, but there’s no reason to sell policies if you can’t afford it. I want something to be easily affordable something that’s not going to break the bank.
3 Types Of Insurance Available To People Who Have Prostate Problems Issues
The first will be term life insurance plan. Let’s take a look starting with term. You may have heard of the term before, if you’re not quite sure what term means. The best definitions, it’s a temporary and does not last your whole life. However, there are some benefits to term insurance plan. The term insurance plan premiums tend to be level so that they stayed the same for the length of the term insurance plan.
If your term insurance plan is 10 years, 20 years, 30 years, then the premiums in most cases would remain the same amount for each of those time periods. Now the thing too is you get more coverage with term insurance per dollar of premium than you would with whole life, universal life or a permanent plan.
Why is that? Well, it’s because term insurance typically doesn’t pay out, not because there’s some kind of scam going on, but because term insurance it only pays out in rare circumstances because underwriters are trying to give you a policy that you will hopefully outlive it. They’re trying to play the bet that you’ll live longer than the length of the policy.
My point in mentioning this, is that, most companies really understand that you will probably outlive it, they can offer it at a lower price. And for those rare occasions where someone would die, the term insurance will definitely pay up. This allows for peer insurance are much larger sums of money.
Most common example would be something like an income replacement plan or if you need to cover in case you have a mortgage or something like that. Usually large amounts typically are the most common, debts and financial obligations covered by term plan.
The only biggest cons of the term life insurance, is you could outlive it. I mean if you’re depending on this insurance plan this may not be the best bet because you could outlive the coverage. There might be circumstances to where you needed the coverage but you don’t have it now because you already outlive it.
Term Insurance has tougher underwriting standards than what we would see from more simplified issue products like whole life insurance. Now certain prostate issues are OK at lower levels of severity and then others aren’t. As we review with underwriters and figuring out what prostate problems are acceptable. The main question is, what level of severity of prostate cancer we looked. What’ll happen, it will just depend on the severity issue of the prostate problem that you’re having.
And that is something that really hard to identify until you have a conversation with me to figure out what your options would be. That’s why I do recommend to speak with me for 5 to 10 minutes to discuss your concern and tell you if your prostate problems severe or not, and kind of where it would fall. We’ve looked at different companies and kind of assessment based on their standards. What you may be able to qualify for.
Term Life Insurance Coverage – 10 Year Term – $100,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $250,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $500,000 in Coverage
Term Life Insurance Coverage – 10 year Term – $1,000,000 in Coverage
If you would like to find out what you might qualify for as well as speak to an expert in the field about a policy that would fit your specific needs, please give us a call at (888) 626-0439.You can also send us a message and we will respond within 24 business hours with more information.
Top 7 reasons people buy Term insurance
1.Term insurance is affordable
For those who are on a restrictive budget, term insurance offers an affordable way to get coverage. Compared to other types of insurance, term insurance is one of the least expensive options.
People who want to replace their income appreciate the ability to do so at an affordable rate. Term insurance offers flexible coverage amounts to meet your income needs.
If you have a 401k or other type of retirement savings, you no doubt pay funds into that savings every month. But what happens when you die? If you are concerned about continuing to fund your retirement, term insurance can help.
4.Out of love
The biggest motivation in getting any kind of life insurance is love. Term insurance can provide money when it’s needed most to make sure your loved ones are financially secure if you should pass away unexpectedly.
Term insurance is a unique program in that it can be customized to a specific period of time based on your individual needs.
If you have 20 years left on your mortgage, you can get a 20 year term insurance plan or if you have a 10 year bank loan you can get a 10 year term plan. Unlike other life insurance policies, term insurance is very flexible to meet your specific requirements.
6.Pure insurance need
Term insurance is a straightforward type of coverage. There are no added extra costs – it serves one specific purpose – to pay a death benefit upon your passing.
7.Exams are optional
Life insurance has become very competitive, which means more and more companies are offering exam free applications to entice those who would rather skip the exam process.So if you’d prefer not to go the exam route, odds are the underwriters can probably rely on your previous health records.
Case study examples
Premium Coverage for Mortgage
A client recently reached out to me because they had purchased their first home. After taking on a 30 year mortgage, they realized if they should pass away unexpectedly their family would be landed with the responsibility of making mortgage payments each month, which was not something they could afford.
This client was in generally good health but did suffer from high blood pressure. They were taking medication to keep their blood pressure under control and feared this would cause a rate increase for whatever type of life insurance they qualified for.
The good news is we were able to qualify this client for first day premium coverage. Their payments were affordable and they were able to get peace of mind in knowing their mortgage would be taken care of if anything unforeseeable should happen and they died unexpectedly.
While we can’t guarantee the same outcome for every applicant, we certainly do our best to secure affordable coverage for all of our clients regardless of their age or health.
Term Life Insurance Policy for a Bank Loan
A client recently contacted us because he wanted to get a bank loan to expand his business. He had been told by his bank that in order to qualify for the loan he would need to take out a term life insurance policy.
He was concerned about being able to qualify for the life insurance coverage because he not only had a history of prostate cancer, but he was also diabetic. He had to take regular shots of insulin to regulate his blood sugar levels and worried this could impact his application.
We looked at a number of options for this gentleman and I’m happy to report we were able to offer him first day full coverage at a premium price. He was thrilled with the end result and was thankful to be able to proceed with his bank loan.
This we’re looking at now is whole life insurance and the whole life is what I would consider to be the opposite of term insurance. It offers permanent protection written into the life insurance contract is designed never to cancel due to age or health issue. The benefits of the plan include, again, there’s never rate increases with the exception of non- guaranteed universal life plans, those can go up.
When I say rates never go up, I’m referring specifically to guaranteed universal life plans and whole life insurance plans. As long as you pay the premium stated in the policy, there’s the first day full coverage potential and you can’t be canceled due to age or health. The biggest drawbacks there really comes down to price. If you want guaranteed payout, you’re going to have to pay more in life. That’s just the way everything is.
And that’s the same for whole life insurance or any kind of permanent protection, if we’re going to, ask an insurance company, say you’re going to get this money when you die, no matter what, well you’re going to have to pay more for that guarantee. Hopefully that makes sense. Now with whole life for simplified issue more, excuse me, with permanent insurance, you’ve got the same underwriting standards as you would with term insurance, except with the exception of simplified issue.
Whole life simplified issue exists to offer decent coverage when there are more severe underwriting issue. This is why I go back to the referencing of the severity level of the prostate problems that you have and other health issues. If there are severity concerns that you may not qualify for a traditional policy, whether it’s term or permanent, then simplified issue plans, have much more flexibility.
My experienced has been the biggest roadblocks in getting coverage for people with prostate problems really deal with only cancer. As long your cancer is longer than two years since it’s has been diagnosed and removed or since the last treatment that has been done, you may qualify for simplified issue first day full coverage. Again, this is relegated to just cancer generally.
The other issues mentioned earlier that are non-cancerous usually are OK with simplified as whole life usually. Not always, but there’s a lot more flexibility there. Keep this in mind if you decide to call me up and we can talk about that later when you want me to run quotes for you. We do have this in our back pocket as a plan B.
Rates For $10,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
$150,000 Whole Life Insurance, Life Pay
$250,000 Whole Life Insurance, Life Pay
Guaranteed Issue Life
When nothing else works for you to get qualified this is our last option. This is what’s called guaranteed issue whole life insurance. I’m going to give you the pros and the cons of this coverage. The premiums never increase, neither does the coverage cancer due to age or health, it is a whole life permanent protection. But because there are no health questions asked when getting this guaranteed issue whole life plan. There is no coverage for natural death, only the money you pay in is refunded to your beneficiary if you died in natural way.
But typically with 10 percent interest paid out in a dish and you are fully covered for accidental death from the first day, but coverage amounts, usually you’re limited to $25,000. You can buy more if you decide to take multiple policies out and it is the last option in the most severe case.
When I say most severe, most of the time referring to cancer or if you’re declined because of some other prostate problem with the other companies.
$50 a Month – Guaranteed Universal Life Insurance
$100 a Month – Guaranteed Universal Life Insurance
$150 a Month – Guaranteed Universal Life Insurance
Stories from the field
A number of years ago I worked with a nice gentleman who I wrote up a small burial plan for. He mentioned to me that he wanted me to speak with his mother who was also in need of life insurance.
I met with Mrs. Sanders in her home and she explained the sad state of her coverage. She had worked most of her life at a local dry cleaners and had only recently retired at the age of 81 due to heart problems.
She had gotten a life insurance policy some 20 years before and had dutifully paid on the policy over the years until the rate increases were simply more than she could afford.
I was shocked to learn she had started out paying $50 a month for her $40,000 of coverage, but was now paying $300 a month for the same policy. The worst part was that the policy was due to cancel when she turned 90.
Clearly, nice older lady like Mrs. Sanders would not be able to afford $300 a month on a limited income. She had been taken advantage of by a poor quality life insurance company and was now paying the consequences, quite literally.
Unfortunately, due to her age and heart problems, we were not able to qualify her for any type of preferred coverage. The only type of policy we could qualify her for would require a 2 year waiting period.
This is a tough position that you don’t want to be in if you can help it. I share this story with my clients to show them how important it is to work with a broker who can custom tailor a plan to meet your long term needs.
No one wants to face rate increases or policy cancellation when they are past retirement. And sadly this happens to the most vulnerable of our population – those who do not have the income or resources to keep the policy.
This ends in the policy cancelling or being cancelled, leaving the individual without coverage when they need it most.
This is why we here at Buy Life Insurance for Burial offer customized plans to meet your specific goals and budget. If you are looking for long term coverage, it’s best to work with a broker who is an expert in the field and can ensure your life insurance will be around for the long term.
How to qualify
The application process for life insurance is very simple and straight forward. Pick an agent he like, hopefully a broker that can shop the prop policies around and see which company is going to give you the best deal.
That’s what I do and I’ll be very happy to drop a quote for you based on your underwriting situation and give you an honest assessment of what may be possible or options suited for your current.
And once you like that idea and you are interested and then you accept the offer. I will create an application for you, we can do it over the phone or through email and then the underwriter will review it and then give a decision on whether it’s approved or not. And that process usually takes days to weeks and then you get your policies usually a couple of weeks from there and that’s it.Policy is issued, everything’s good and you’re happy.
The final steps
Now let’s talk about how to do that. If you like this idea of qualifying for life insurance with prostate problems you came to the right place. For more details and if you have questions you can visit my website at https://buylifeinsuranceforburial.com click the contact box Bot box below and request a quote.
You can call me at 888- 636-0439 and leave a voicemail if you don’t reach me live because I do talk all day on the phone with people and they usually get back within a day’s time.
If you liked this article, please comment below if you’ve got any questions or comments and make sure you use thumbs up and subscribe if you like this kind of content and because there’s usually more to follow.
Thanks for reading this article. I hope it has proven useful. If you have any remaining questions or would like to get a free, personalized quote, please get in touch by calling (888) 626-0439 or sending us a message.
We hope to hear from you soon! Take care.