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Alabama
Mortgage
Insurance
Quote
" Each day
6,000 people
die and
19,000
become
uninsurable.
If you are
in good
health, Why
not find out
how
affordable
Life
Insurance
protection
for your
family can
be . . . .
while
you still
can? "
About buying Life insurance with No Medical Exam, Level Term Life, and Mortgage insurance No exam.
There are many types
of Life Insurance.
Some are available
with No Medical
Exam. Some no
medical exam life
insurance plans are
available online
without contacting
an agent.
Other no medical
exam life insurance
plans are only
available with the
help of an agent,
either in person or
over the telephone.
Term Life Insurance
No Medical Exam up
to $250,000 is the
most common,
Some companies offer
higher amounts
without a medical
exam, however a
"mouth swab" is
normally required to
check for tobacco
use, certain drugs
and HIV.
Term life insurance,
Mortgage Protection
life Insurance,
Whole life Insurance
no Medical Exam,
Universal Life
Insurance No Medical
Exam, Indexed
Universal Life
Insurance,
Single Premium whole
Life Insurance, and
"Quality of Life
insurance"
™, are
all types of life
insurance that may
be found available
with no medical
exam, a mouth swab,
or require an
insurance medical
exam based on age
and, or amount
applied for limits..
About Mortgage
Insurance
The term Mortgage
Insurance is
sometimes used when
the life insurance
being purchased will
be used primarily to
pay off a mortgage
in the event of
death. You may
find This type of
life insurance is
also referred
to as Mortgage
Protection
Insurance, or
Mortgage Life
Insurance, or
mortgage term
insurance. The Term PMI refers
to Private Mortgage
Insurance.
Private mortgage
insurance is
sometimes confused
by the homeowner
because it's name
sounds like the life
insurance plan. This is not Life
Insurance. It
helps insure the
lender if they have
to foreclose. PMI
is required by lenders
when the amount of
the loan is equal to
or greater than
80 percent of the
home appraised
value. Credit
Life insurance is
sometimes offered at
closing by the
mortgage company.
It is possible that
credit life
insurance could
result in paying off
a mortgage in the
event of the
homeowners death.
However, there are
some big
disadvantages to
purchasing credit
life with the
mortgage.
First, credit life
rarely covers the
entire length of the
mortgage.
Often only for a
limited term like 7
years.
Secondly, the
premium is usually
financed in with the
mortgage resulting
in higher payments
and extra interest
being paid for the
entire mortgage
period.
Thirdly, the primary
beneficiary is
usually the mortgage
company to the
extent of the
balance of the
mortgage leaving no
choice, or
additional funds for
the surviving family
members.
Fourth, credit life
only covers the loan
it was purchased
for. If the
loan is refinanced,
there would still be
a debt, but no
insurance to cover
the debt because the
old loan was paid
off .
About
Level Term Life
Insurance
In my opinion, level
term life insurance
makes the best
mortgage insurance
protection.
I base my opinion on
several key benefits
to the insured that
are available with
the purchase of
level term life for
mortgage insurance.
(1) The death
benefit remains
level for the entire
term even while the
mortgage balance is
decreasing.
This leaves more
dollars available
for your family, or
other beneficiary to
help replace the
obvious loss of your
income if you died.
(2) The
insurance policy is
owned by insured, or
the beneficiary,
making the policy
portable in the
event you sell your
house, or refinance.
(3) With decreasing
term, or a policy
where the mortgage
company is the
beneficiary, you may
find yourself
needing to buy
another policy if
you sell your house,
or refinance.
If your health has
deteriorated, or
your age has
increased after
purchasing the
original policy, you
may find you either
cannot qualify for
additional
insurance, or that
it would be much
higher for the same
amount. (4)
some Level term
policies now have
extra protection
included, for
critical illness, or
a chronic illness,
or a terminal
illness.
Some include this
extra benefit at no
additional cost,
while other
insurance companies
included it for a
minimal extra
premium.
Including these
benefits are very
important because a
heart attack,
stroke, invasive
cancer, severe burn,
or some other
qualifying trauma,
if not fatal, could
keep you from
earning a living,
which could be a
fate worse than
death.
The ability to
access your death
benefits in your
life insurance
policy while you are
living could be a
financial life
saver.
About
No Medical Exam
Whole Life Insurance
- Ideal for Senior
Final Expenses
Whole life
insurance (sometimes called straight life or permanent life) - provides
protection for your entire life at guaranteed level premiums (to qualified
eligible applicants) based on demographics and health history.
Coverage that last your whole life:
It
is important that you insure your insurability. Many people think about life
insurance when it is too late and they already have been diagnosed with a
medical condition that makes them uninsurable. So, it is important to lock in
permanent life insurance that will be there for your entire life. Term is cheap
but it is designed to last only a specific time in your life.
Whole life builds cash values:
A
portion of the money you pay into your whole life policy accumulates as
guaranteed cash values. If you choose to surrender the policy, these guaranteed
cash values would be available to you. Or, as long as the policy is in force,
you may borrow against them as a policy loan at the current policy loan interest
rate.
The amount of your guaranteed cash value depends on the kind of whole life
policy you have, its size and how long you have had it. The growth in cash
values is tax deferred under current federal income tax law. Term insurance does
not provide cash values.
Older Individuals are
able to get coverage:
The Whole Life plan is available all the way up
to 85 years of age. This plan has great flexibility to meet age and health
history requirements. Also, when applying for coverage you will not have to take
a medical exam or have any blood work examined. This Whole Life plan was
designed to be a simple, fast, and affordable way to secure life insurance.
Life
Insurance Application Underwriting Requirements:
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5 minute application - the
application questions will pre-qualify you for which plan, (preferred,
standard, graded, modified, none) you are eligible to receive based
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on your health history.
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No Medical Exam up to age 85
for level benefit plan. Modified and Graded benefit plans available to age 80.
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a simple follow-up Home
Office telephone interview is required to verify your answers to your
application questions. |
No,
Medical Exam, no
medical exam, no
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insurance physical,
no insurance exam,
Alabama, mortgage
insurance quote,
Cheap Term life
Insurance, and
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Health Insurance, is available
in the following states
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