Life Insurance With No Medical Exam

no exam life insuranceIf you’re someone who can’t pass a medical exam, you’ve probably given up on the idea of obtaining life insurance. The truth is that there are a lot of policies out there for people who are in great health, but it can be difficult to find life insurance if you have a condition such as diabetes, cancer, or even if you’re a smoker.

Fortunately, there are a lot of options out there for people who cannot pass a medical exam. There are several companies that specialize in no exam life insurance. These policies tend to have smaller amounts of coverage than other life insurance policies, but the amounts offered can usually cover a lot of the expenses associated with a funeral, as well as leave some money for survivors.

Life insurance policies that do not require health exams also tend to have higher premiums than life insurance policies that do require exams. For this reason, many people who purchase these policies want to be careful to only buy the insurance that they or their family will need.

Of course, a common problem that many people when shopping for life insurance is figuring out how much coverage they actually need. While a common rule is to buy twenty times the amount of the insured person’s income, a lot of people discover that they can save money on their premiums by developing a good plan and buying less coverage. For example, an older couple who do not have children rarely needs to entirely replace the insured person’s income for twenty years. In fact, buying just enough coverage to cover the funeral and some unexpected expenses, combined with a plan to extend pension benefits and/or downsize some living arrangements is usually enough to make sure that everyone’s needs are covered.

These policies are usually advertised as costing pennies per day, but most people choose to pay for their coverage yearly or monthly. While there is no health exam required, some of the policies have age requirements. As with any type of insurance, make sure that you read the terms of the policy carefully before deciding to make a purchase.

Benefits of Life Insurance

Everyone should have life insurance because it is a very beneficial financial tool and essential for families. Many families have life insurance policies and they are used to financially protect them. One major benefit associated with these policies is that they help pay for costly funeral expenses. Someone preparing and planning for funeral costs out of the ordinary is very rare and unheard of; therefore the costs are usually unexpected. When these costs are covered it is one less thing the family has to worry about during a time of grief. 

Another advantage associated with life insurance policies is that they often cover assets, such as homes, businesses and vehicles. If the main provider of the family passes away without life insurance, his/her family would be in a financial crisis with absolutely no way of paying all of the bills and could potentially lose their assets. For instance, it would be a tragedy if a surviving spouse lost his/her spouse and the home they built together.

Life insurance also helps pay off any existing debts, such as credit cards and student loans. It can be used to pay estate taxes as well, which are usually due within nine months of the death. Real estate taxes are generally very expensive. If families are left to pay off all of the debt, they have the unfortunate potential of going bankrupt due to the inability to make the financial payments. 

These days there really is no excuse to not protect your loved ones. Almost anyone can qualify for a life insurance policy. There are even websites offering life insurance for seniors over 80. Competition has driven rates lower across the board. Insurance carriers are looking for untapped niches they can dive into, like the one I just mentioned.

Having a life insurance policy is necessary because it provides the family with security. For example, it can help send children receive a college education despite the death of a parent and income provider. The financial consequences from death can be overwhelming and even disastrous for the family. Life insurance helps decrease financial hardship when loved ones pass away. Death is almost always unexpected, however, having a life insurance policy can help guarantee that funeral costs and future finances are covered in the event of a death. 

Who Should Consider a Burial Expense Policy?

A burial expense policy is one of the oldest types of life insurance, but many people don’t understand the benefits of having one. Also known as final expense policies, they are meant to cover a person’s funeral and burial expenses, but they leave very little extra money to pay for any other costs associated with a death. This means that they typically leave no money for bills or regular household expenses.Because of this, these policies are generally recommended for people who do not need to worry about leaving extra money for these expenses. They are ideal for people with no family to support, but who would still not want to burden their family or friends with their final costs.

The most common group of people who sign up for burial insurance policies are individuals who do not need to leave life insurance money to their dependents. This can mean these policies are ideal for people who have adult children who can support themselves and their own families, but who would find the added cost of a funeral and burial a burden on their finances. People who are married often opt for these policies because their estate will pay for their spouse’s living expenses, but the added cost of their final expenses would make it hard to meet their monthly obligations.

Of course, these policies are not just for seniors. Many younger people who do not have children or other dependents to support often find that these types of policies ensure that their final costs would not be a burden on their friends or parents. Because they have a relatively low cost compared to other types of insurance, they are often ideal for younger people who do not have a lot of money to spend on insurance.

Final expense policies are ideal policies for a variety of people who do not need the added benefits or expenses of a life insurance policy.

Looking To Buy A New Vacation Home?

Have You Considered Delaware? Possibly Real Estate’s Best Kept Secret

I was recently shopping around with the wife for a second home. We would like to have a vacation home near the beach that we could also rent out to generate some income. One area I had not considered until the last minute was Delaware. Someone suggested that I should take a look at the Delaware beach area, or Delaware as a whole. As is my normal routine, I started diving into all the information I could find out about it. Not just from an economic point of view, but I also wanted to learn more about what there is to do in Delaware, advantages of living there, and what attracts people to the region. I figured since I had done all this research, I might as well share it with you here.

Delaware is one of the United State’s best kept secrets regarding real estate. People hunting for properties that don’t drain their bank account are noticing the beauty of the Diamond State’s homes and healthy real estate market. Due to Delaware’s lush landscapes and business friendly environment, the number of people who want to move there continues to increase.

One advantage of having a home in Delaware is that it will have a wonderful view of the state’s trees and plants. Nature lovers will appreciate the state since it is known for its large variety of vegetation. Oak forests populate the Northern coast, while the southern parts of the state feature Middle Atlantic coastal forests. Home owners have the option of buying large pieces of property with great landscapes.

Another trend that affects the real estate market in Delaware is that many major corporations have started their incorporation process there due to its business friendly taxes and laws. This can result in an influx of employees or people who would like to get hired from these major companies deciding to move to Delaware and influence the housing market.

In 2012 the average price of a townhouse in Delaware was just under a quarter of a million dollars at $240,000, while a single family home lists at $400,000 on average. Families that would like to purchase a condominium normally pay an average sales price of around $200,000. Overall the majority of the available housing market feature colonial single family home, townhouses, and condominiums.

Delaware is an appealing place for nature lovers, business people, and families to live. One of the things I really liked about the region is that residents can enjoy the events and landmarks in other locations like Washington D.C., Philadelphia, and Maryland since Delaware is in a centrally located area. You can get some of the benefits of living in or near a big city, without actually living in or near a big city.

I have not even touched on the Delaware beaches yet. I got in touch with a real estate agent in the area, Jim Kelly, for a tour of some of the properties. Jim specializes in the beach properties in the area. The area we decided to focus on was Rehoboth Beach real estate. Despite what you might hear on the news, the real estate market is booming in parts of the country, and this is certainly one of them. Rehoboth is located near other beaches in the area including Lewes, Dewey, and Ocean City, MD, making it a prime spot for vacationers.

It is because of these contributing factors that people quickly buy its properties. It is easy for people to pursue more opportunities and experience more culture by going to more densely populated areas in nearby states.

Check Your Credit Report For Errors

Despite What “Credit Repair Agencies” Tell You, This is the Only Fast Way to Repair a Credit Score.

One question I get constantly asked about is how to repair distressed credit scores. The old days of loans being extended by banks on little more than a handshake and a promise have long passed us by. Today, our credit score will determine if we are approved for vital things like an auto loan, mortgage, or even whether or not a landlord will rent an apartment to us. Many other businesses are also using credit scores to determine whether or not they will require a deposit from a consumer in order to extend them service, such as cell phone carriers, electric companies, and gas companies. Insurance companies often give discounts to customers with better credit. With so much riding on good credit, it is easy to see why someone who has a poor credit score would want to improve upon it.

I often tell people that fixing bad credit is a lot like losing weight. You will see tons of services and companies providing offers that promise quick solutions. There is no quick solution to improving a bad credit score, just like there is no quick solution to losing weight. There is one caveat to that, and that is if there are errors on your credit report.

You credit score is derived from the information contained on your credit report. If there are negative errors on your credit report, then getting those corrected can improve your credit score fairly quickly. This is the first place you should start. Obtain a free copy of your credit report by contacting TransUnion, Experion, and Equifax. These are the three primary credit reporting agencies. You need to obtain your credit report from each of them to look for errors because one might contain an error, while the other two do not have that same error.

There are a couple of errors you want to look for. First, are there accounts showing up on your credit report that you cannot account for? If so, contact these creditors to let them know they are appearing on your credit report even though you are not doing business with them.

Second, you want to look for balances that are out of whack. Remember, that the balances on your credit report are not accurate up the minute. If you just made a $1200.00 payment on a credit card last week, that is not going to necessarily be reflected on your credit report right away. However, if your mortgage has a balance of $50,000, but is showing up as $150,000, that is something you want to look into.

The third type of error you want to look for is incorrect payment history. You want to make sure your creditors have not reported any payments as late that were not in fact late. If you find any discrepancies, you will want to notify the credit bureau and the creditor, both in writing. The credit bureau has 30 days to look into the matter and make a determination on it.

Sometimes, even if a creditor has reported a payment as late, you can get this removed. Let’s say you had a month where something unexpected happened, and it forced you to make a late payment on a credit card account. That late payment, however, was the only time you ever paid late with this particular credit card. Often times if you write to them, explain what happened, and remind them that you have been a long-time loyal customer who only paid late once, you can ask if they will help you out by removing this late payment on your credit report. You might be surprised at how many will actually say yes.

This is the first step in repairing a credit score. Make sure everything is accurate to begin with.