We aren’t talking about kitchen tables. In your search for affordable life insurance, you may have heard of the terms “life insurance tables” or “table rating”.
Or, maybe you applied for life insurance, and the life insurance company offered a “table rating”. You probably have no idea what this means.
Yeah, John. I am confused. They want to charge me a higher premium!
No problem. In this article, we discuss the importance of understanding life insurance tables and table ratings (hint: it saves you money!).
Did you know that people with Huntington’s Disease can obtain life insurance?
Recently, we answered a call from a nice gentleman named “Joe”. (Not his real name.) He was looking for life insurance to cover his burial and funeral expenses. He retired, and the life insurance from his company was not portable. Joe explained to us that he had a health condition, which is no big deal. We all have health conditions. And, burial insurance (life insurance designed to pay for your funeral and burial expenses) fits nicely for people with health conditions. However, he then told us about his oxygen use. Using oxygen changes your life insurance and burial insurance options. There are still options, but not as many.
According to the Mayo Clinic, there are 3 million new cases of Alzheimer’s disease each year. This condition is tough on families and loved ones. If you or a family member have Alzheimer’s disease, you probably think that you can’t obtain burial insurance. That is simply not true. Sure, there might be life insurance carriers that decline you, but there others that won’t. You just need to know where to look and the right type. Whether you were just diagnosed with dementia or Alzheimer’s disease, or you are looking for someone else, burial insurance is available.