Life insurance for high net worth individuals (HNWIs) is crucial due to several compelling reasons: Estate Planning Life insurance can play a vital role in estate planning for HNWIs. It helps provide liquidity for estate taxes, ensuring that heirs can inherit assets without the need to sell them off at unfavorable times. Wealth Transfer HNWIs […]
Understanding the Impact and Importance of Awareness October marks Breast Cancer Awareness Month, a time dedicated to honoring those affected by this disease and to shining a light on the importance of education and early detection. It’s a month where communities come together to inform and empower, ensuring that knowledge and action can save lives. […]
Why Life Insurance? Many young adults overlook the importance of life insurance, often dismissing it as an unnecessary expense at an early age. In reality, only about a third of Gen Z and less than half of Millennials have life insurance coverage. This lack of awareness stems from common misconceptions like the belief that it’s […]
Heart attacks and life insurance Is it possible to get life insurance for someone that had a heart attack? There are now several life insurers that will make favorable offers: sometimes as good as a standard rate for life insurance. At it’s most basic, a heart attack (myocardial infarction) is when heart muscle cells become […]
Colorectal cancer and life insurance Someone with colorectal (colon or rectum) cancer may find it difficult to get affordable life insurance. Many life insurers look unfavorably at people with some colorectal caners because the statistics show that a certain percentage of these people will die prematurely. According to The American Cancer Society Colorectal cancer is the […]
Someone with breast cancer may be able to get life insurance.
Lupus and life insurance Getting the most favorable rate on life insurance for someone with Lupus may take some ‘shopping’ around. Life insurance companies can make diverse offers on the same case. Types of Lupus: Discoid lupus is a limited disease with superficial skin involvement only. It has no systemic features, although a small number […]
What is a stroke or cerebrovascular accident? A stroke occurs when brain cells die due to lack of oxygen caused by poor blood flow in the brain. The poor blood flow could be a result of blocked or damaged blood vessels. Strokes are one of the leading causes of death in America. The CDC reports […]
Can Someone with depression get life insurance? The short answer is probably. Most insurers will issue a policy unless the depression is very severe, there have been multiple hospitalizations, or there has been suicide attempts. Most life insurers have concluded that the extra mortality risk is due to suicide, cardiovascular disease , and substance abuse. […]