Most employees don’t realize how the rates work on the group insurance programs they sign up for. How these rates are structured have a big impact on them down the road. There are two types of group insurance rates – attained age rates and issue age rates. In this article I want to walk you […]
Why It’s Not Always Easy to Buy Life Insurance on Your Own
Many employer groups tell me that if their employees want permanent life insurance they can just go buy it on their own. The problem is that many employees can’t qualify for life insurance because of their medical history or for other reasons (like being a pilot or a race car driver for example). In […]
How Do Pre-Existing Condition Limitations and Exclusions Work?
A pre-existing condition limitation period or an exclusion is a clause in an insurance contract that an insurance company uses to avoid paying for conditions you had before you were covered under a new policy. Since employees are often confused by how these clauses affect them, I wanted to talk about what pre-existing condition limitations […]
5 Types of Insurance Underwriting in the Workplace
When I work with employer groups, one of the things that decision makers often suggest is that if employees want life insurance that they can just go down the street and get it on their own. The problem is that getting life insurance is not like going to a store and buying a television. Anyone […]
How to Get a (Great) Guaranteed Issue Offer for Your Employees
As I discussed in my types of underwriting offers employees can get at work article, employees just can’t go to their insurance agent and get life insurance without any medical questions. In order to get a policy, they have to go through what is called the underwriting process. If they have a history of any medical […]
