Lincoln Life Elements Term Insurance gets a policy fee increase

Below is an update to one of the largest life insurance carriers in the country. From time to time all life companies need to adjust the charges they collect to service their business.

Remember though Term Life Insurance is still the most affordable way to secure coverage and get a plan in place don't worry too much about the policy fee's unless you can get a better deal somewhere else with comparable coverage and convertibility options such as Lincoln Life.

Lincoln Life Insurance company is a major player in the term life marketplace with their core product being the Life Elements Term Life product. Consumers may not know this but life insurance carriers charge an annual policy fee to administer the policy for the policy holder, the carriers charge different amounts and this cost is factored into your annual premium payment. 

Here is the information on the policy fee rate increase, for more information please contact Lincoln National Life Insurance Company or your life insurance agent or broker.

On December 1, 2009 Lincoln will be increasing the annual policy fee on all Lincoln
LifeElements SM Level Term (2009) business from $75 to $125. The change will be
based on Policy Date (the date from which policy anniversaries are measured) and will
impact any and all business with a Policy Date of December 1, 2009 or later.

Technorati Tags: lincoln life insurance, life elements term, term life

Hypertension and Life Insurance Rates

Great article to help you find the best term life insurance rates if you have issues with High Blood Pressure... read the full story by following the link provided.

clipped from www.propeller.com High Blood Pressure and Life Insurance Rates! | The Life Insurance Pro » If you have High Blood Pressure or Hypertension you still can find and buy affordable Term Life Insurance plans. I will outline a few important points and tips on how to get the best rates and premiums in this post.

Smokers, Chewers and Tobacco users Term Life Insurance

Tobacco and Life Insurance typically do not go hand and hand when trying to obtain the most competitive term life rates. But if you know where to shop and buy you just might find affordable plans, find out how below.

clipped from alexandercurtis.xanga.com Chewers Life Insurance Plans You might not have know the major life insurance carriers over the past few years have eased the underwriting limitations rather a lot on insureds who use alternate tobacco. The carriers have decided that cigarettes have a way higher effect on your mortality over gnaw, cigars or pipes. What this suggests to you is that it is feasible to find actually affordable Chewers life assurance, Term and or Permanent life assurance coverage that wont cause bankruptcy. Non Tobacco rate classes can be had now from some of the best carriers which will save you a great deal on premiums. These are some of our preferred life insurance companies that may offer great chewing tobacco life rates: Some of the best chewing tobacco life insurance carriers: Find out more and get great information on Term Life Insurance policies and plans at these recommended resources: Life Insurance if you use Tobacco

Reserves in the Life Insurance Industry

With so much that has happened over the last year in the financial markets people are very apprehensive about many financial institutions.  The great thing about Insurance is they are required to has reserves to make sure they can pay the claims of their policyholders. Read the explanation below that helps explain why Insurance has other built in protections as opposed to other industries.

The reserve in a life insurance contract of policy is the amount of money needed to offset the difference between the present value of future benefits and the present value of future net level premiums.  Ya I know a little confusing?  So at the beginning of to policy the two are equal because of the actuarially pricing that makes them equal to each other.

Once you start paying premiums into the policy though, the present value of future net level premiums starts to decline, then the present value of future benefits starts to increase.  The difference between the two amounts then equates to equal the reserve. 

Technorati Tags: life insurance reserves, life insurance,

Life Insurance Plans if you have Hepatitis C

Substandard Impaired Risk Life Insurance Underwriting can be difficult at times and frustrating to say the least. If you have health issues you should search out an experienced life insurance agent or broker or a highly reputable life brokerage company to work with. That will be your best chance at trying to obtain and buy affordable impaired risk coverage.

clipped from www.lifeinsurance-pros.com Hepatitis C Life Insurance Hep C Life Insurance or Hepatitis C is the inflammation of the liver due to a virus infection called the HCV virus.  Before the virus is detected they call this Hepatitis A and Hepatitis B.  Hep C is a fairly common infection with approximately 6% of the U.S. population affected with the ailment.  A good percentage sometimes as high as 15% can and will have a spontaneous recovery from the infection and no virus found in their blood.  But the remaining could have or end up with chronic hepatitis. One of the bigger life insurance underwriting concerns is that chronic Hep C can lead to cirrhosis and eventually lead to liver cancer in the future.  This is why Hepatitis C can and in the chronic cases will lead to most likely a decline when it comes to life insurance underwriting. In order for the underwriters to even consider the insured for Life Insurance they must either have a mild case or have been cured from the infection.

Term Life Insurance for Boise Idaho residents

How do you find and buy Term Life Insurance in Boise Idaho, well the post below will help guide you in your search. Learn who to contact and how to get the best life insurance rates and plans.

clipped from hubpages.com Boise Term Life Quotes A Term Life Insurance quote comparison is very easy and accessible to obtain virtually anywhere on the world wide web. When looking for Boise Idaho Life Insurance you might also want to look around for the following cites as well, Meridian Idaho, Eagle Idaho, Nampa Idaho, Caldwell Idaho and Twin Falls Idaho. We have heard good things about the following site helping Idaho insureds find affordable life and health insurance Boise Idaho Life Insurance. Here is another great informational resource for Idaho Life Insurance quotes, rates and plans.

How does Smoking affect your Life Insurance Rates and Premiums?

Image via Wikipedia

If you are a smoker or tobacco product user and looking for a life insurance policy then you should be prepared for the fact that your premiums will be higher.  Smokers Life Insurance plans are simply higher due to the fact that their life expectancy is shorter than those that don't use tobacco products.  Below is a great article talking about these points and what to expect as far as tobacco life insurance premiums and rates. 

Smoker? Ex Smoker? How Smoking Can Affect Your Life Insurance Premiums

If you smoke, the likelihood of dying from smoking-related causes rises dramatically. Therefore, life insurance companies typically charge smokers higher rates than non smokers. This is to compensate them for the additional risk they incur when extending a policy to a smoker.

Because smoking can have such a significant impact on a policyholder’s health, insurance companies use an assortment of classifications for smokers. These classifications are based upon the amount of time that has elapsed since the policyholder last smoked. A “preferred plus” policyholder is a person that has not smoked for 5 years or longer. For those who have avoided smoking for at least 3 years, they’re awarded a “preferred” status. Lastly, a “standard” designation is typically given to a policyholder that has not smoked for at least 12 months.

Technorati Tags: smokers life insurance, tobacco life insurance, chewers life insurance

ING Term Life Insurance - Term Smart Products

ING Reliastar Term Life Insurance is really one of the most competitive and underwriting friendly plans in the marketplace today. Great post on the plans and policies that this large life insurer offers to the consumer.

clipped from ingtermsmartlifeins.wordpress.com Term Smart ING Life ING has purchased a number of US based Life Insurance Companies over the last decade, one of them being Reliastar Life Insurance Company. Another large US based co. they purchased was Security Connecticut. ING has positioned themselves in the market place with a world class line up of some of the most competitively priced products and service in the country. With the cream of their product crop in our opinion is their ING Term Smart life insurance plans, these term life plans are some of the most competitively priced in the marketplace today. Impaired Risk and Substandard offers are also very favorable from ING Reliastar Life. What that means is they are competitive if you have any health issues. You should have your broker or agent shop them to make sure you are getting a great offer regardless of any health concerns.

How to compare term life insurance quotes comparison

Just how do you find and get the best term life insurance quote comparison's and rates. This article helps you in finding the ways to get the best quotes and comparison.

clipped from www.quizilla.com Best Term Life Insurance Quote Comparison A Term Life Insurance quote comparison is very simple and accessible to obtain virtually anywhere on the world wide web. We have a few different options when your ready to get some term life comparisons. Let's take a look at some ways for you to obtain them. It's hard for us to recommend any one company for you to use but we have found InsureMe.com as a really great resource. Click here to get a free life insurance quote from insureme.com. When you pull up all your results you will need to go into a couple of the agencies site to check them out. A word of caution is when you start getting quotes back from these online agencies make sure that you see quotes from multiple carriers. Please drop by another great resource for term life insurance information and resources.

Collection of Great Life Insurance Articles

Here is a collection of great life insurance articles on some pretty interesting topics regarding term life insurance. Take a look at these and is you have any comments let me know what you think. I particularly like the smoker life insurance and how to find a life insurance agent articles.

clipped from www.zimbio.com Comparisontermlifeinsurance Front Page Articles Pictures Videos more     Polls Notes Links History A Term Life Insurance quote comparison is very painless and accessible to obtain virtually anywhere ... Add Content RSS Quotes and Comparison for Term Life Insurance Getting a good quality term life insurance quote comparison is not as difficult as you think. You just have to know how and where to get them and of course get them for free. Smokers Best Term Life Insurance Policies Finding and buying affordable smokers life insurance plans is not as difficult as it once was if you know how to look for them and who to speak to. Smokers Term Life Insurance Rates Smokers Life Insurance rates can still be affordable you just have to know who to speak to and which carrier to shop. Find Idaho Insurance Agent's Trying to find knowledgable trusting Idaho Insurance Agent?

Term Life Quotes Online

Great post on how to get Term Life Insurance Quotes and Rates online at the best prices.

clipped from life-insurance-spot.com Term Life Insurance Quotes-Tips for getting the best rates Obtaining term life insurance rate quotes are easier than ever today with the plethora of Internet life insurance agents and agencies that are online. They offer term life quotes along with other quotes which could include auto, health, home mortgages, long term care and annuities. First is that you need to know who you are dealing with as far as your agent or the company that you are working with.  I cant say enough about having competent representation in helping your with your life insurance needs. Next try to research and find out as much as you can about the carrier you are thinking about submitting your application with.  Life Insurance companies will vary on price, terms and underwriting factors will all affect the rates that you receive on your insurance policies whether they are term life or whole life plans.

Term Life Insurance Quote Comparisons-How to get them

Navigating the web to buy insurance especially life insurance can be a daunting task. Thank goodness there are guides like this one to help show us the way to get great rates and plans.

clipped from www.quizilla.com Best Term Life Insurance Quote Comparison A Term Life Insurance quote comparison is very simple and accessible to obtain virtually anywhere on the world wide web. We have a few different options when your ready to get some term life comparisons. Let's take a look at some ways for you to obtain them. You should now have your new term life insurance quote comparison from a few different insurance agencies. That is assuming you have obtained them, which you should have. What you want to be looking for now on your comparisons are obviously. Premium the carrier is charging you. Are the premiums guaranteed as long as the plan you were quoted, if you quoted a 30 year plan make sure the premiums are guaranteed for 30 years. Carriers are rated on their financial stability by outside companies, make sure your company has very high ratings. Lastly is to check out the carriers underwriting guidelines, which is how you will asses your current health to the carriers madated requirements.

Tobacco and your Life Insurance Rates

Why do smokers and chewers life insurance rates rise so dramatically? Well the answer is fairly obvious but please read the rest of the article to find out more.

clipped from jimwarren1931.livejournal.com Nicotine and Tobacco Life Insurance If you are looking for smoker life insurance plan or policy don't be discouraged because affordable term life policies are still within your grasp if you know who to talk with. Most life insurance companies will rate up your premiums sometimes by fifty percent if you smoke or are a tobacco user of some sort. Most smoker life insurance company underwriting guidelines want to see that you have not used any form of tobacco for one year in order for you to get Non Tobacco premiums. That would typically be a Standard or Standard Plus Non Tobacco rating. After stopping smoking for two possibly three years you might be able to obtain the Preferred Rate class offered. If you can stick it out for five years of no cigarettes you will be rewarded with the very best rates that is if you qualify medically. Find out more about Chewers Life Insurance policies. Life Insurance for Tobacco users

Term Life Comparisons and Tobacco Rates in Life Insurance

Just how do you get the best term life comparisons when researching life quotes. Also how do you find them if you are a smoker or tobacco user? See the great resources below...

clipped from chrispaul1972.tripod.com The Term Life Insurance Guru Term Life Insurance Rates and quotes Online I'm sure you've been surfing online round the web looking for free term life insurance quotes right? How many of these insurance brokerage sites that you have landed on say something like save 70% off your current term life rates? Or get the best, cheapest lower cost term quotes online now! Well potentially every one of them say something like that, and they are attempting to trap you to input your contact information so they can try and sell you a life insurance policy. clipped from chrispaul1972.tripod.com You won't have know the major life insurance carriers over the past few years have eased the underwriting restrictions quite a lot on insureds who use alternate tobacco. What they have realized is that other products that contain nicotine such as chew, snuff, pipes and cigars truly do not have the same mortality effect as cigarettes. The best tobacco life insurance carriers are mentioned below with there respective rate classes

Resource to find Local Idaho Insurance Agents

Save time and hassle by going direct to a great source on how to find local Idaho Insurance agents.

clipped from www.zimbio.com Find Idaho Insurance Agent's Are you trying to find a good reputable Insurance Agent in Idaho? Idaho residents are hungry for at least a couple of good resources to help them find the best Idaho Agent for their insurance needs and reviews. Idaho Insurance Agency http://goidahoinsurance.com Online Life Insurance Agency http://lifeinsurance-pros.com/blog/

How to get cash out of your Life Insurance Policy

If you are terminally ill and own a Life Insurance policy there are options for you to access some of the cash value or accelerate the death benefit. These options must be reviewed with a qualified advisor that knows your current situation.

clipped from www.elderlawanswers.com Getting Cash From a Life Insurance Policy If You Are Terminally Ill Unfortunately, a diagnosis of a terminal illness often comes with many expenses. If you need money to pay for your medical care or comfort, you may be able to use your life insurance policy to get some immediate cash. "Viatical settlements" allow terminally ill individuals to sell their life insurance policies. Alternatively, some insurance companies allow you to receive an accelerated death benefit. A company will usually pay more than the cash surrender value, but less than the death benefit, although the exact price depends on a number of factors. In determining price, companies look at your life expectancy, how long you have had the policy, and the face value of the policy, among other things. Both viatical settlements and accelerated death benefits could have tax consequences and affect Medicaid planning. Before taking either option, you should consult with a qualified elder attorney.

The Reasons Why People would Buy Life Insurance

I love articles like this that take us back to the basics of exactly why would someone buy a Life Insurance Policy. Edwin does a great job explaining some of the purposes of a Life Contract and how it may provide some financial planning sense in your life. Please check out the complete article...

clipped from www.examiner.com Why get life insurance In this article, I’m going to go over the reasons behind getting life insurance, but will not get into specific types; I’m saving that for upcoming articles deliberately to not steal the shine away from the underlying reason for purchasing it. Life insurance is primarily purchased to provide those you care about financial protection, should you pass away. Some use it to cover estate taxes or business dealings, but in this particular article, I will focus on ordinary family needs. Who is a candidate for life insurance? Anyone who wants to sleep better at night knowing their loved ones won’t suffer financial hardship while grieving the loss of someone they cared about. It makes a bad situation more manageable, and that is the best we can do, since we can’t change reality. Author: Edwin Markar Edwin Markar is an Examiner from Los Angeles. You can see Edwin's articles on Edwin's Home Page. My Bio Subscribe to Email Add Edwin to Favorite Examiners

Policy Changes to Banner Life Insurance's Term Product Line

Banner Life recently raised their yearly policy fee and changed their banding in the Term product line. See more of the article here...

clipped from lifeinsurance-pros.com Banner Life Insurance Company Policy Changes clipped from lifeinsurance-pros.com Banner Life Insurance Company made a few changes to their policies rates bands and yearly policy fee.  The Annual Policy Fee is a charge most Life Insurance Carriers charge for administrative cost’s to the policy on a yearly basis.  Banner Life recently changed theirs upward but it still is in line with other major life carriers. For all term products the $50  policy fee will increase to $60. Premium Bands Two new premium rate bands have been added to the term products for face amounts $50,000 to $99,999 and $2 million and above. The five term premium bands are as follows: $50,000-$99,999 $100,000-$249,999 $250,000-$999,999 $1,000,000-$1,999,999 $2 million & over

Yes you need E&O Insurance

Very important in today's litigious world that every advisor have the proper E&O Insurance coverage in place. Not only the proper coverage but the right limits to protect you, your business and other concerns. Some Life Insurance carriers may not even appoint you if you do not provide proof of current coverage and limits.

clipped from lifeinsurance-pros.com Provide a Service? Then You Need E&O Insurance Coverage In today’s world, numerous entrepreneurs employ errors and omissions (E&O) insurance. Such coverage is for any person which provides direction, makes well-informed advice, comes up with answers or stands for other people’s needs like inspectors, lawyers, graphic artists, software developers, and instructors. No matter how hard you try, you can make mistakes on occasion because, as an owner, you cannot carefully watch every undertaking that isn’t in your personal control. This type of coverage covers your mistakes and of your personnel and independent service providers you employ.

ING Reliastar Life Insurance Contact Information

ING Reliastar Life Insurance Company continues to bring excellent Term Life Insurance and Permanent Life Insurance products to the market.  Even in these troubled economic times they are one of the largest players in the life insurance industry. 

See below for contact information for the various life insurance departments of ING Reliastar Life Insurance company...

ING Financial Services | Locations (Affiliates)

ReliaStar Life Insurance Company

20 Washington Avenue South
Minneapolis, MN 55401
Tel. 877.886.5050
Fax. 612.372.5339
Website: www.ing.com/us/lifeinsurance

ReliaStar Life Insurance Company of New York

1000 Woodbury Road
Suite 208
Woodbury, NY 11797
Tel. 800.626.2286
Website: www.ing.com/us/lifeinsurance

Security Life Of Denver Insurance Company

1290 Broadway
Denver, CO 80203-5699
Tel. 877.253.5050
Fax. 877.275.3329
Website: www.ing.com/us/lifeinsurance

Also:

1475 Dunwoody Drive
West Chester, PA 19380
Tel. 800.325.3792
Fax. 610.425.3902
Website: www.ing.com/us/lifeinsurance

Hopefully you find this information useful in your search for quality and affordable term life insurance. 

Technorati Tags: ing reliastar life insurance, ing life, reliastar life insurance,

Related articles by Zemanta:

• ING to unload $10.6 billion in assets

Why does Life Insurance Underwriting take so long

Life Insurance Underwriting can be one of the longest underwriting processes in the whole insurance realm. The reason for this is due to many factors but primarily is due to the time it takes to obtain the medical records from your Doctor, read below...

clipped from www.lifeinsurance-pros.com Life Insurance Underwriting In the Life Insurance Underwriting Process many applicants get very frustrated over the fact that it can take months to get a decision from the carrier. The reason for this is primarily it can take a while to obtain the medical records from your Doctor or Health Care provider. It has even got worse with the new HIPPA laws protecting insured's privacy, so many Doctors now require their own HIPPA form signed by the insured along with the carriers HIPPA or Authorization form and then sometimes the General Agent's own HIPPA form. Factors that affect life insurance underwriting: Your current health and your lifestyle can affect your premiums health factors such as: cholesterol, blood pressure, build (height and weight), family history of cancer and heart disease, and driving record.

Life Insurance Underwriting Guide

Great article on the factors and issues that will arise when applying for life insurance. These are some of the most important items to watch for and discuss with your agent or broker. Identifying any issues up front can give you a better idea of what rate class you may be placed in and what your premiums may end up being.

clipped from law.freeadvice.com What factors are considered in individual life insurance underwriting? Life insurance companies each have their own extensive policy and procedure manuals they are supposed to follow in determining whether or not to issue an Individual Life insurance policy, and in pricing that policy. The insurer's underwriters typically use a combination of factors that experience shows equates with the risk of death (and premature death).

How is Life Insurance used in Estate Planning

I'm going to be doing a little bit more concentration on the use of Life Insurance in Estate Planning. Really how long can the financial mess last, so I will need to focus on other topics. Estate Planning is at the core existence of Life Insurance. To provide liquidity for beneficiaries of the deceased. Good article below...

clipped from www.fedsmith.com Life Insurance is Essential in Estate Planning Estate planning is how you make sure that your assets – your lifetime accumulations – pass to your heirs in a manner of your design. It's how you make sure your family is secure, and your assets end up where you want them. It's taking care of your family, your business – whatever is important to you. Proper estate planning, whether through a will or some other vehicle, will make sure you, and not the state, decide where and how your assets are distributed after your death. Life insurance can give you options that make your planning an easier process. There are two basic ways in which life insurance can assist in your estate planning: There are more advanced uses of life insurance, many of which are geared toward business owners. Some of those examples follow: Credit Enhancement – Life insurance is often used to stabilize a business concern's financial position and serves as a valuable asset to pledge as collateral.