Infographic About Auto Insurance Fraud

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Health Insurance- What a Scam?

Note from Dan: While I’m away with my family on vacation, I’m treating you to some columns from the past year. 

This one appeared March 13. The health insurance industry is alive and doing very well. Once again, I’m pondering what to do after I get out of this writing business. I’ve decided to form a health insurance company. In my own increasingly jaded view, it’s the best racket going. Boiled down to its core, insurance is bookmaking. 

When you buy auto insurance, you’re placing a bet you hope you don’t win, because that probably means you got into an accident. The same goes for life insurance. It’s a bet you will die. If an auto insurance company or a life insurance company fails to pay off, customers will flee and the company will go out of business. The same happens to a bookie who welshes on paying off sports bets. 

But health insurance is different in a number of ways. First, most of us are captive customers, signed up with the insurer their employer chooses and subsidizes. We can’t easily or afford-ably jump to another company. Second, health insurers employ legions of desk-jockey goons. 

Their goal is to find loopholes on how not to pay off on health insurance claims, and to deny coverage for procedures your doctors say are necessary. One of the ways they keep you confused is via those confounding Explanation of Benefits forms, which are hard for anyone who doesn't have a master’s degree in accounting to understand. 

These are separate from your medical bills, mind you (which are always formatted differently than EOBs). Actually, that’s the point — to create a big ball of confusion so consumers will just give up trying to get their insurance company to pay. If you call the company and beg them to pay, you’ll get one of these desk jockeys. 

Most of them have been trained never to give you their last name even though they insist on knowing yours. This is a great strategy for avoiding accountability for whatever they tell you on the phone. Third, the health insurance companies also employ another kind of goon. More or less, they blackmail doctors and hospitals into giving steep discounts on services to patients. 

No discounts, no patients. So the docs and hospitals bend to the lower rate, at the same time your premiums are rising. It’s like a bookie charging losing bettors more while pressuring winners to accept less. Except no bookie would try to bill this as “cost control.” The effect of all this is that the bookies — I mean profit-motivated health insurance companies — are cutting themselves larger and larger slices of the health care spending pie. 

They take some of those profits and invest part of them in Washington lobbyists who curry favor with politicians, who in turn vote against your interests — and in favor of the insurance companies. In that way, your hard-earned premiums help pass laws so they can screw you more down the road. Did you get that? 

You’re paying for your own shellacking. Nowhere was this more evident than in Washington during the debate a while back over the Affordable Care Act. Thousands of lobbyists, a large proportion of them from health insurers, fought for months over that bill. The nation’s 535 senators and representatives, many of whom get campaign contributions from the health insurance industry, naturally rolled. 

What emerged was better than nothing in certain ways. But despite what you have heard, it was not at all “government health care.” Instead, the law requires everyone to buy private health insurance. You could call it a full-employment act for private health insurance companies. “Government health care” exists, of course. It’s called Medicare, and it’s the most efficient health insurance out there. 

It’s for old people the private insurance companies don’t want. Putting everyone on Medicare, however, would once and for all end the profits that the health insurance companies are earning on the backs of people who get sick. That would put those companies and their lobbyists out of business. 

They will never let that happen. They will spend millions upon millions to convince you that would be un-American, and they will win that battle. This is why I’m thinking about getting into the business. I can’t beat them, so I’m going to join them. I’ll call my company ELEM Health Insurance. The acronym stands for “Everyone Loses Except Me.” Join me. We’ll make a mint. Otherwise, you can’t win.

Dane Cook Tells Theater Shooting Joke At Laugh Factory

UPDATE: Dane Cook has posted an apology for the Aurora-related material he performed on Thursday. Via Twitter, the comedian stated: "I am devastated by the recent tragedy in Colorado & did not mean to make light of what happened. I made a bad judgment call with my material last night & regret making a joke at such a sensitive time. My heart goes out to all of the families & friends of the victims."

PREVIOUSLY:

If you've ever gone to a comedy show in the days following a tragic event, one thing inevitably happens. After several acts perform sets that avoid the elephant in the room, one comic will, after breaking the ice, tentatively ask permission to try out their [recent tragic event] material. More often than not, the audience says yes.

This seems to have been the case at Los Angeles' Laugh Factory on Thursday, when Dane Cook performed a joke related to the tragic theater shooting in Aurora, Colorado. Caught on tape by an audience member who was committing one of the cardinal comedy-show sins -- taping a comedian's set without permission -- Cook joked that "The Dark Knight Rises" is such a bad movie that " ... if none of that would have happened, I'm pretty sure that somebody in that theater, about 25 minutes in, realizing it was a piece of crap, was probably like, ‘Ugh, fucking shoot me.’”

The joke was met with a few groans, but they quickly gave way to laughter and then applause.

While some may feel that any jokes related to a tragedy are inappropriate, the clip could be seen as illustrating a fundamental tenet of comedy: that laughter leads to catharsis, and catharsis leads to healing.

What do you think? Is Cook's joke too soon? Is any joke at any time about a violent act inappropriate? Or does Cook's joke serve a purpose? Is it even funny? Give us your take in the comments.

Album Review: Lewis Black – In God We Rust

Too many know Lewis Black for being loud. His followers, however, recognize him as a purveyor of fine truths. Influenced by Carlin’s reckless introspection and Hicks’ riotous demeanor, Black paved a scorched path with 2000′s The White Album and expanded it to four lanes under the Bush administration. As contributor for The Daily Show, specifically with his Back in Black segment, the eccentric Jewish comic offered a brusk mental escape for liberals and bitter conservatives everywhere. He exuded common sense in an era that had very little.

On his latest album, In God We Rust, Black acknowledges that the world’s still stupid, but this time around, his hyperboles and tantrums feel a tad crotchety. The majority of his material here digresses on society’s rampant use of technology, specifically apps, the iPhone, Facebook, and Farmville. “If you don’t know what an app or an application is,” he preaches, “when you get home tonight, I want you to get down on your hands and knees, and thank whatever god you pray to…” It’s all played out in his signature histrionic way — and he’s not always wrong, especially about Farmville — but there’s just something out of touch about it all.

“I am old,” he contends. “I used to think it had to do with the calendar — it doesn’t. It’s something you know, it’s something that happens.” It’s almost as if he’s too self-aware at this point in his life, which remarkably was always one of his strengths — after all, he essentially broke into the circuit amidst his fifties. Yet these diatribes and damning protests against something as necessary as technology feel pedantic, uninspiring, and borderline ignorant.

In some respects, that aging self-awareness still works to his advantage. When he storms through a tirade on the Tea Party, he’s as wise as he is insightful: “It’s amazing that they have convinced a group of people to bust out of their double wides, dressed as Ben Franklin, holding a kite in one hand and a key in the other, screaming, ‘Don’t tax the rich!’” He pauses, again keeping the theatrics up. Then, he punches hard: “If a group of people, leaders, can convince a group of folks, who barely have a pot to piss in, that the rich shouldn’t be taxed, that is leadership.”

In God We Rust wants to be a declaration on what’s wrong today. Instead, it innately represents the problem itself: the struggle between those for tomorrow and the few for yesterday. It’s no fault to Black, and again he’s not alone in his sentiments, but altogether it’s just not as sharp as it could be. When he’s on, he’s fiery and menacing with“truthiness,” but when he’s off, he almost becomes a parody of himself. In that light, the album’s title rings cautionary and that’s just a shame.

Choosing the Right Life Insurance Policy

No two people look alike have the same interests or the same bank balances. Our financial profiles are different. Choosing the right insurance is unlike choosing a commodity. It is an individual choice based on personalized individual factors. The right policy for me may not be the right one for you.

This is why choosing the right policy will involve evaluating the different types of life insurance available and seeing which one fits your requirements. Life Insurance Whole Life or Permanent Life Insurance, as the name implies, this type of insurance is permanent.

You need to pay premiums for life, or up to the age of 100. To put it simply, this type of insurance policy combines a life policy with savings. Over the years, such a policy will accrue cash value which you can withdraw, as needs arise. Universal Life Insurance This type of policy is similar to a whole life insurance except that the holder has more control over the policy. The policy is divided into 3 principal elements:

• The cash element
• The expense element
• The protection element

The insurance company invests a third of the premiums into mutual funds, within company limits and interest from these accrues on the policy (cash element). Each month certain administrative expenses are deducted (expense element).This type of policy also offers more flexibility for the policy holder-premium amounts can be changed and the face value of the policy can be modified at any time.

Another type of Universal Life Insurance is Variable Universal Life Insurance. The policy holder plays a more active role in choosing stocks and shares, within company limits. This type of policy is heavily subject to market risks and therefore fluctuates frequently in gain or loss. Term Life this is the most popular type of policy.

As the name suggests, this policy is available for a specific term period-anywhere between 1 to 30 years. It is therefore not a permanent policy. It basically involves an annual payment of premiums during the term period against death benefits to the policy holder's beneficiary. This type of policy is popular because the premiums are cheap and the death benefits are high.

There are many options within a term life such as Return of Premiums (ROP) and level term life policy. You will need to study each type of policy further and the options available within each. There are several online sites that offer easy-to-understand information and articles that can guide you further so that you are able to choose the best policy for your requirements.

Most people prefer term insurance and see it as the best way to meet their insurance needs without having to pay heavy on premiums. Compare Multiple Quotes Life insurance is a competitive business. Rates can vary considerably from company to company. The best way to find the right policy at the most affordable rate is by requesting quotes from multiple insurance companies.

In order to gain a competitive advantage, companies may offer free riders, waivers, etc. Look for these when studying your options. There are several online life insurance providers which offer free quotes online for term life policies. Many of these represent hundreds of insurance companies and are able to use their huge database resources to process your application and offer you the best options

Be careful to use sites that are accredited by the Better Business Bureau.

Choose Insurance Company with a Good Rating Choosing the right policy also involves choosing the right insurance company. Check the ratings of insurance companies. A.M. Best is one of the most trusted services for insurance company ratings.

A good rating (above A) means that the company is financially strong and has a proven track record for paying off claims. Many online sites offer ratings of each company along with free term insurance quotes. The highest rating is A++. Ask Questions! If you are still in doubt, ask questions! Many online insurance providers have a support staff able to answer your queries and doubts. They can also help you with unbiased, professional recommendations of the best policy for you.

What to Do when Your Life Insurance Company Denies You Coverage?

Each life insurance company has its own underwriting system. Just because one life insurance company denied you coverage doesn't mean that you will never be able to get life insurance. While it is true that certain severe conditions may prevent you from getting life insurance from any company, there are other grayer areas for which the various the underwriting criteria that differ from company to company may be used to your advantage. This means you could get coverage simply by shopping around for life insurance.

Factors that Underwriters look at when assessing your risk of death

There are several factors that are used to calculate your life insurance premiums. These are common to all life insurance companies.

• A severe health condition. Factors may include a serious disease, being overweight, smoking, excessive drinking, taking mind-altering drugs.
• Family health history. If your family health history shows that a parent has died from a heart attack, or succumbed to cancer, these are negative
• Occupations that require you to be subject to hazardous or life-threatening situations.
• Engaging in adventurous hobbies or extreme sports such as bungee jumping, hang-gliding, race car driving, sky-diving, etc.
• Life insurance companies will also look at your driving record to check for traffic violations and DIUs as well as your credit card report. This gives underwriters an indication of how you are at managing other aspects of your life.

The "best preferred" rates are usually awarded to individuals who are in mint health condition, have the advantage of age, and have no family history of poor health. But most applicants fall in the "preferred" premium category. Underwriters classify such people as being a below average health risk. "Standard" classification is for those whose health profiles show they are riskier than average. Such policies are usually offered at a higher price.

How to decrease your chances of being denied coverage

Health concerns such as AIDS, cancer, asthma, major heart disease, diabetes and other chronic conditions, can either push your premium rates exorbitantly high or push you right off the market. This is also true if you are engaged in extreme sports or jobs that are highly hazardous.

However, despite such conditions, you can increase your chances of getting coverage. For instance, if you have had cancer and you are now in remission, and your condition requires no further treatment or medication, you will need to explain this clearly on the application form. If you can provide written corroboration from your doctor or any medical documentation that would support your present health condition, it could help underwriters assess your situation more accurately. Instead of being denied coverage completely, you could at least qualify for standard rates.

Preparing well in advance for your medical exam could help you to fall into a cheaper premium rating. Follow a heart healthy diet, lose a few pounds if you are overweight, and get a good night's sleep the night before the exam. This will increase your chances of getting the best premium rates for yourself.

There are life insurance companies that "favor" certain conditions and may look more closely at each individual situation and assess premiums accordingly. For instance, if you are a smoker, such niche life insurance companies will delve more deeply into how many cigarettes you smoke daily and compare that with your current health condition. Some even offer incentives to smokers who have quit smoking for more than a year. The same applies to non-insulin diabetic conditions, people with heart conditions, individuals who are overweight. Different underwriting processes will use different criteria to assess these conditions and therefore, you may find yourself with a very affordable premium rating by just comparing different life insurance quotes from different carriers.

Online life insurance quote providers will give you instant term life insurance quotes from top-rated life insurance companies. You can compare life insurance rates, products and the financial rating of each life insurance company. Choose a cheap life insurance policy from a life insurance company that has an A or A rating. A high rating will ensure that your life insurance has an excellent track record for paying off claims.

What if you are uninsurable through traditional life insurance policies?

In spite of all of the above, if you still cannot get a traditional life insurance policy, you can apply for no-medical life insurance. A no-medical life insurance policy, as the name implies, does not require you to go through a medical exam. You will be asked a few questions related to your health and lifestyle. If you are under the stipulated age, almost anyone can qualify for either permanent or term no-medical life, and once approved, coverage can begin the same day!

About AccuQuote:

AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies from dozens of top-rated carriers.

Why You Should Not Borrow from Your Whole Life Insurance Policy

Whole life insurance offers a unique feature. It not only provides regular life insurance, but also builds cash value over the years. Many people choose whole life insurance thinking that they can easily borrow money from such a policy if the need for cash arises. And while this is one of the strongest selling points of a whole life, or permanent life insurance, you need to evaluate whether borrowing cash against your policy is truly in your interests. Before purchasing a whole life policy you may later regret, check out the reasons why you should not borrow against your whole insurance policy.

The disadvantages of borrowing against the cash value of your whole life insurance policy

• The process of getting a loan may not be as quick as you thought. Before investing in whole life, ask the company how long it will take for them to process a loan? Your life insurance company may be able to complete an authorization for a loan by telephone or over the Internet. You need to know how quickly a loan request can be expedited and whether there are any stipulations.
• Although the money accrued over years is indeed, your money, this is not like withdrawing money from your bank. Any money that you borrow must be paid back in time with interest. Interest is charged at the rate specified or described in the policy.
  
  
  However, there are a few advantages to borrowing against a whole life policy. Cash borrowed from a whole life insurance policy can be used for just about anything-going on a vacation, paying off your credit card bills, etc. Your life insurance company cannot decline your loan request because of a bad credit report.
• Whole life insurance agents may forget to mention that you can borrow money from your whole life insurance only if there are sufficient funds in the cash value to secure the loan. Most whole life insurance policies do not accrue cash value until several years (3 to 5 years) after a policy has been issued. You may have to wait a stipulated time period, sometimes up to three years, before a loan is available.
• Avoid borrowing an amount that is more than the amount of premiums you've paid. The surplus amount you borrow is taxable.
• Whole life insurance agents will also tell you that you do not need to return the loan. But if you do not return the money you borrow, the amount you borrowed with interest will be deducted from the death benefits. Your beneficiaries will not receive the amount you intended.

Why Whole Life Doesn't Make a Whole Lot of Sense

Whole life insurance is a more expensive option than term life insurance because part of the premium you pay goes towards investments and administrative fees. The life insurance company has control over the kind of investments it makes with your money. There is little scope for optimizing the performance of your investments. There are administrative fees, commission and other charges that will be deducted from your cash value. In fact, in the initial years, these fees can run high and eat into your policy. Your policy may accrue significant interest only after five years.

The returns that are projected by whole life agents are at the most, an educated guess. Many quote on the higher side to attract more buyers. In reality, the rate of return on a whole life insurance policy is very low compared to other investments. The savings are tax-deferred but there are other investment vehicles that offer this benefit which are likely to give you more returns on your investment. Equities and mutual funds are historically known to give better returns, even if you invest just the surplus between a term life and whole life insurance policy. The money you receive when such investments mature is yours to keep. In contrast to whole life insurance, you don't have to return the money with interest.

If you die before the age of 100, when a whole life policy matures, your beneficiaries will receive only the face value of the policy. The interest that has accumulated is kept by the company. The only way you can utilize your cash value is if you borrow against your policy. But then again, you must return the borrowed amount with interest, or it will be deducted from the face value of your policy when a claim is made.

Conclusion

For all others, term life insurance usually works out to be the more affordable option. For instance, a whole life insurance policy for $125,000 will cost you $100.00. But the same amount of coverage may cost you just $7.00 for a 10-year period in term life insurance. Online life insurance quote providers also offer great discounts on term life insurance quotes.

However, a whole life policy has several benefits. You may want to consider whole life insurance policies if you have a large estate that is taxable. A whole life policy could be used to offset your estate taxes. You could also use a whole life policy to leave an inheritance for your children or grandchildren.

About AccuQuote:

AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies from dozens of top-rated carriers.

Life Insurance Medical Exams

Buying life insurance is easy, especially with online life insurance quotes providers making the job more convenient, quicker, and a lot less expensive! The part that most people dread, however, is undergoing a medical exam.

A medical exam and the ensuing underwriting process will determine the rate of premium you pay for your policy. If you haven't undergone any kind of medical tests for years, then you may be in for a surprise. Many people discover for the first time that they are not in such a great shape as they thought. It is advisable to get your own health check up done, address the health issues and then apply for life insurance. Remember, underwriters look at the results of a medical exam very seriously but they may overlook certain health conditions if they see that you are faithful in taking care of your health and taking medication regularly for your condition.

Underwriters will use the results of a medical exam, lifestyle habits, family health history along with longevity charts to determine the risk of your death. Longevity charts are based on statistics of deaths, the cause of death, age, gender, etc. For example, longevity charts show that a 30-year old woman will live longer than a 30-year old man and therefore life insurance rates are higher for men, than women.

What to Expect in Your Medical Exam

The medical exam involves two parts. The first is a series of questions related to:

• Personal health
• Family health history
• Smoking and drinking habits, lifestyle choices, drug use, etc
• Your doctor's contact information

Underwriters may also factor in your credit card report and driving history amongst other personal information, depending on the underwriting process. What do these have to do with your health? According to statistics, how you handle your finances and how you drive, give underwriters an indication of how well you manage your health.

A life insurance company's underwriting criteria may differ from company to company. Some life insurance companies overlook slightly high cholesterol levels if you are otherwise, in good health. Other carriers may put everyone who has high cholesterol in one bracket and charge you higher premiums irrespective of whether your cholesterol levels are high or low. This is why it is important to shop around and do a comparative study of life insurance quotes in order to get the most competitive life insurance rates.

The second part of the medical exam is a medical form to be filled out by a doctor or a paramedical appointed by the insurance company. The doctor will

• Take your physical measurements (height and weight)
• Take your blood pressure and pulse
• Take a blood sample to check cholesterol, glucose, protein, HIV, traces of nicotine and alcohol
• Take a urine sample to check things such as protein, glucose, creatinine and drugs

If the underwriters feel that they need to conduct additional tests in order to accurately surmise the risk of insuring you, you may have to undergo more tests. The number of tests you need to undergo may also depend on how high an insurance coverage you require. The higher the coverage, the more scrutiny you will face.

How to achieve the best results from a medical exam

While you cannot improve your results, there are things you can do to achieve the best results to minimize mistakes.

• Eat healthy at least one week before the medical exam. Reduce your salt and sugar intake and avoid fatty foods.
• Don't drink any kind of alcoholic beverage 3 days before the exam.
• Don't drink any caffeinated beverages one day before the exam. In some people, caffeine elevates blood pressure.
• Get a good night's sleep the night prior to the exam.

What to do if you fail the medical exam

If you fail a medical exam, you should ask the life insurance company to give reasons. The results of the tests are usually sent straight to the underwriter, but you can retrieve a copy of the medical exam on written request. Some of the health issues that arise may be resolved by your doctor. For instance, if you have cardiovascular health problems, and you have adhered to the diet prescribed by your doctor, lost weight and are undergoing a regular exercise regime, a supporting statement from your doctor may help with some life insurance companies. If you find out that you have a serious disease you can look for carriers that specialize in high-risk health conditions or look at options for a guarantee issue life insurance policy.

The results of your medical exam remain in a centralized database called the Medical Information Bureau (MIB), which is a clearinghouse of medical information that insurers share. This means your medical dossier is accessible to all life insurance companies and can be retrieved by other life insurance companies.

Conclusion

To get the best life insurance rates, answer your initial life insurance application form as honestly as possible. Look for online questionnaire that require detailed information. The more detailed the information, the more accurate your initial estimated quote will be. Shop around for life insurance through reliable online life insurance quote providers, accredited by the Better Business Bureau (BBB).

Term life insurance with no medical exam

Life insurance is not something people like to think about. But for anyone with family, loved ones, dependents and any type of debts, a life insurance policy can make things a whole lot smoother after you pass on. It is therefore important to learn as much as you can about the different types of life insurance available and the pros and cons of each kind. One such kind of insurance that you might see advertised everywhere is No Exam Life Insurance. Also referred to as Simplified or Guaranteed Life Insurance, this kind of policy does not require any medical exam. At a glance, the advantages of a term life insurance policy with no exam are:

• No medical exam or investigation of medical history is required.
• Easy to qualify for with no waiting period or follow up required.
• The application process is fast and simple and the underwriting process is instant.
• Coverage is available immediately and there is normally a 30-day money back guarantee.
• Rates are guaranteed and flexible payments are available.
• Terms are possible for periods of 10 to 30 years. Policy can also be renewed at the end of the term.

A term life insurance policy with no medical exam offers the same benefits as a policy that requires a medical exam does. However, if you are suffering from any serious health problems such as cancer, diabetes, heart disease, stroke, liver disease, mental or nervous disorders, you may not qualify for this type of insurance.

If you are planning to take out a no exam life insurance policy, be aware that the laws that govern life insurance companies vary from state to state, so check with your agent or insurance provider about any restrictions applicable to such policies in relation to various health conditions in your state / locality.

In short, companies issuing such policies have decided to offer the option of no exam insurance to those people who prefer not to have a medical exam but still opt for a term lifepolicy. The company will in this case slightly lower the coverage of the holder as compared to what he or she would have been normally covered for, if a medical exam had been conducted. The amount that your family will finally receive after your death will be thus significantly less than the death benefits from a normal policy. Since no medical exam is required, the insurance company is also taking a greater risk, so the premiums of such policies are higher as well.

In the event that you have withheld a medical condition or lied about any information in order to qualify for a no exam policy, any claim with be considered immediately invalid. The company is then fully within its rights to not payout and change the terms without your approval or knowledge. Be wary of this type of policy being offered by financial institutions whose primary business is not the provision of insurance services. Finally, always make sure that the insurance company has been accredited by the Better Business Bureau to ensure quality and reliability.

Why buy life insurance when you're over 60?

Current trends show that more people over 60 are interested in life insurance now more than ever. There have been rapid changes in our society and economy within the past decade leading to more uncertainty regarding the future, and more people wanting to remain insured beyond their income-earning years. Technological advances have also introduced a paperless transaction system with e-policies being issued online. It's faster and easier than ever for retirees to find the best life insurance rates and apply for life insurance. 

Experts say that the post recession life insurance market is starting to show gains. Monthly life insurance application activity recorded a 1.1 percent increase from the previous year for the first time in seven years, according to MIB Life Index. The highest growth was seen in the age group of 60 and above with an 8.4 percent increase over the last year. The age group of 45 to 59 was up 1 percent. 

Why are more people over 60 considering life insurance?

In uncertain economic times, life insurance creates a tremendous sense of financial security knowing that loved ones will be financially taken care of if one spouse dies before the other.

With markets crashing, many people over 60 lost a major portion or their entire life savings. In order to supplement their dwindling assets, senior citizens are finding life insurance an option worth considering. A life insurance policy will provide a surviving spouse with much needed supplemental source of income.

People over 60 may still have debts to pay off. Ideally, as you reach the age of retirement, your financial security grows, but this is not always the case. There are many who are still struggling to pay off their loans or build enough savings to make a solid retirement fund.

Focusing on balanced diets and exercise, people are healthier and are able to lead more active lifestyles in their senior years. Many choose to venture into a new business adventure after retiring, and may still need life insurance to cover their business debts.

Some may still need life insurance after 60 because they married late in life, and still have kids at home to put through college. With college tuitions soaring and scholarships becoming scarce, having a life insurance policy in place would ensure your children get a good college education even if you were to die unexpectedly.

Life spans are increasing and money is losing value. The retirement fund that was once thought to suffice a life of retirement may not be enough. A life insurance policy would ensure that a surviving spouse still has enough money to live a comfortable lifestyle.

With currenteconomic conditions, any amount of money left to a loved one would be greatly appreciated. If by making regular premium payments you can provide your loved ones a substantial amount of money to increase their financial security, it's certainly worth it.

How to get the best life insurance rates even after 60

There is a plethora of life insurance products specifically tailored for senior citizens. Living on a limited budget, retirees may find term life insurance coverage with a 30-year term period the most affordable.

If health concerns are a major issue, no-medical life insurance can provide coverage without a medical exam, although the premiums may be more expensive than a traditional term life insurance policy. However, only people who are suffering from significant health issues will benefit from a no-medical life insurance plan. 

If you are in good health, you should not have any trouble finding affordable term life insurance. Even if you do suffer from minor heart ailments, diabetes, blood pressure, etc., you can still get the best rates by shopping around for term life insurance policies. The best way to find policies in spite of poor health is to search online. Not only will you find a wealth of information on life insurance that would be helpful to you, but you can also get free term life insurance quotes from top-rated life insurance companies. You'll get a chance to shop around for life insurance, compare products and companies just by sitting at your computer and pushing a few keys. Many of these websites have virtual life insurance professionals who can give you unbiased advice on the type of product that would suit your specific needs.

Conclusion

For many, life at 60 has just begun. Blessed with good health and agility, they are living the dream they could not when they were younger and strapped with more responsibilities! Life insurance is a great way to provide financial security to loved ones, particularly in an environment of economic instability. 

About AccuQuote:

AccuQuote is a leader in providing term life quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies from dozens of top-rated carriers.