United Producers

Common Medical Conditions that Could Classify You as an Impaired Risk

Impaired risk insurance is insurance for clients who have a statistically higher risk of dying due to specific health problems, jobs, or hobbies.  Also called risk life insurance, these policies carry a higher premium because the insurance company feels the client has a higher risk of dying before the company has enough time to collect sufficient amounts to pay beneficiaries.

When seeking life insurance, the insurance company or brokerage will ask many questions about one’s health status and history.  In addition, there will be questions about your personal habits and an analysis of your occupation.  This investigation will look for a history of:

• Hepatitis C, diabetes, or stroke.
• Heart attack, disease, or surgery.
• Multiple sclerosis.
• Obesity with complications.
• HIV or AIDS.
• Cancer.

If you have diabetes, then insurance company will want to see that it is controlled with medication and diet and that you are making healthy choices in order to be as healthy as possible.

Coronary artery disease is the number one killer of men and women and presents a high risk for life insurance companies.  If you or someone in your family has a history of coronary artery disease, expect the insurance company or brokerage to want to see records of any previous testing, surgery, and angioplasty.

In addition, felony criminal convictions, illegal drug use, excessive motor vehicle violations, having a risky job or dangerous hobby, such as a racecar driving, plane piloting, skydiving, or bungee jumping, can result in you being labeled as an impaired risk and in need substandard insurance.

If you have been classified as an impaired risk, then contact the brokerage insurance experts at United Producers.  At United Producers, we work with 35 insurance companies in 48 states to meet your impaired risk life insurance needs.  We offer impaired risk underwriting and several services and products for many impaired risk circumstances.  Contact us today for more information.

Tips for getting insurance when you have a pre-existing condition

This article advises using a state high-risk pool if you cannot afford health insurance on your own.

"Health care reform, of course, is in the air, and in the coming months or years there might be relief for people with pre-existing conditions. This week, President Obama announced a commitment from insurance companies, doctors, hospitals and pharmaceutical companies to lower health care costs as part of an effort to fund insurance for those who don't have it. Finding individual insurance when you have a pre-existing condition is tough but not impossible. 'We have been successful,' said Kevin Lembo, a state health care advocate with the state of Connecticut. "There are options out there."

Here are some of those options:

1. Become a group of one
2. If you've been laid off, get COBRA
3. When you lose your employer-related insurance, apply for new insurance within 63 days.
4. Find out whether your state has a high risk-pool 
5. See whether your professional organization offers group insurance 

United Producers specializes in providing insurance brokerage agents with the resources they need to secure a policy for their clients. With many impaired risk insurance forms and applications available on our website, we can offer a guaranteed or high-risk policy to anyone that qualifies. We also offer special promotions for insurance agents who work in the impaired risk field. For more information, visit our website or call us at (877) 627-0567.

Health Insurance When You Have a Pre-Existing Condition

Can you still get health insurance if you have a pre-existing condition? Yes, you can, and this news video from CNN explains how.

When someone with a prior health issue applies for insurance on their own, 1 out of 5 times they are turned down, charged higher premiums, or are insured for everything but the pre-existing or impaired risk condition they have. One way to avoid this is to see if your state offers a high-risk pool, which offers coverage regardless of your medical issues. This video also explains how to become a “group of one,” by starting a small business, such as a landscaping company, and receiving an insurance plan that way.

It is not an easy process, but many insurance agents can underwrite an impaired risk policy for their clients, and United Producers is here to give them the necessary tools to do so. The cost and forms will vary by state, but with over 35 major insurance companies represented and holding license in 48 states, United Producers can guarantee coverage for those who meet the proper requirements. Visit our website today for more information.

How to Get Life Insurance Following a Major Health Event

Qualifying for life insurance after you’ve been through a major health event is going to be tough, but it is not impossible. Whether you get an agent to broker the insurance deal for you or you decide to buy into a guaranteed acceptance plan, there are several options you can try.

Here are a few ways to get life insurance following a major health event:

• Impaired Risk Insurance: Depending on your current policy and the health condition you have, your life insurance agent may be able to underwrite and establish a substandard or high-risk policy for you. Common risk factors that can be underwritten include heart trouble, diabetes, and certain cancers. Having an agent broker the deal for you will guarantee you get the best deductible and coverage options. There may be an extended waiting period for coverage to take effect, but you will have the peace of mind knowing that you are covered in case of another major health issue.

• State High-Risk Pools: Many states require access to some sort of coverage for those who are deemed uninsurable by other companies. Whether you have an increased risk due to your choice in avocations or because you have a pre-existing condition, these state high-risk pools are there to cover you when you can’t afford insurance on your own.

• Guaranteed Insurance: Some companies and agents are able to offerguaranteed life insurance policies. This means that you will not be required to submit to an extensive pre-screening or medical history evaluation. These policies are perfect for those with high-risk factors or who are going through intense medical procedures. Keep in mind that the premiums in these coverage plans may be higher, so having an agent secure the policy for you is a good way to get the vest deal.

Even people with pre-existing medical conditions and high-risk factors can find life insurance coverage. With the right underwritten policies and impaired risk insurance plans, you won’t be caught without coverage again.

United Producers specializes in providing insurance brokerage agents with the resources they need to secure a policy for their clients. With many impaired risk insurance forms and applications available on our website, we can offer a guaranteed or high-risk policy to anyone that qualifies. We also offer special promotions for insurance agents who work in the impaired risk field. For more information, visit our website or call us at (877) 627-0567.

5 Important Things to Know About Impaired Risk Insurance

Life insurance makes sure that your loved ones are taken care of when you pass away. However, it may be hard to qualify for a policy if you have a pre-existing condition or partake in activities that are deemed high-risk by an insurance company. Luckily, there are companies and insurance brokers who specialize in impaired risk insurance, offering you coverage when no one else does.

Here are five things that you should know about impaired risk insurance:

Medical conditions will be used to determine your eligibility  

If you have pre-existing medical issues or certain types of conditions, then you may need to turn to risk life insurance in order to receive coverage. These conditions include heart problems, diabetes, certain cancers, and even depression.

 Your lifestyle can affect your eligibility  

Not only will an insurance company check your medical history, but they may also review your lifestyle choices. If you use tobacco or alcohol, engage in risky sexual behaviors, or even participate in extreme sports, then you can be denied traditional coverage. In these cases, you’ll need an insurance agent and company who can underwrite you an impaired risk policy.

Each company will have their own niche

Not all high-risk activity is the same. Some companies will be more willing to accept tobacco users, whereas others will give you a better rate if your high-risk activity is non-medical, such as traveling or skydiving.

The professionals have the resources you need

There’s no need to try finding a high-risk policy on your own. Many major insurance companies will have an experienced department that specializes in high-risk clients. You can even ask your local insurance agents to contact brokerage companies that will find the companies and policies that will cover you.

Spending more on premiums is possible

Insurance companies will issue their high-risk clients higher premiums than those with traditional coverage. This is why it’s important to have a professional do the research for you.  With a professional’s help, you can get the policy that meets yours needs and that you can afford.

Because impaired risk insurance is such a specialized market, it’s best if you can find a company that is experienced and prepared to help you broker a case.

United Producers represents 35 life insurance companies and is licensed to provide impaired risk underwriting in 48 states. If the forms and resources are available in your state, then we can help get your clients the coverage they need. 

For more information, visit our website or call us at (877) 627-0567 today.