Life Insurance

[Logan]

I applied for Life Insurance last month and my policy will NOT be affected by my BK. I'm getting a million $ policy so the medical was thorough but no credit check.

There was some discussion recently and a spammer claiming a credit check would most likely be required.

Logan

[goingcrzy]

logan - what insurance company did you get your policy through?\\Thanks

[Logan]

I went through a broker who uses American General.

[mom2three09]

I went through a broker who uses American General.

American General? As in American General Finance? I didn't know they offered Life Insurance, but I also don't think I would buy anything from those snakes. Just sayin'

[Logan]

American General? As in American General Finance? I didn't know they offered Life Insurance, but I also don't think I would buy anything from those snakes. Just sayin'

I like snakes

[Logan]

Just an update for those seeking Life Insurance.

I was approved by American General with no problem from the BK but my Insurance broker is looking at other companies so I'll be able to let you guys know of other BK friendly companies.

American General has the best rates by far but I didn't make the preferred plus rates. Just a rant now--I'm 42, 6 ft tall, 178 lbs with perfect health, low cholesterol, blood pressure of 102/62 and a resting heart rate of 48.

I take care of myself and when I turned 40 I decided to start going to the skin doctor for annual check ups since I grew up in the sun and I have decent health insurance. I had a mole removed that ended up being an atypical dysplastic mole which basically means nothing especially since it was removed.

Here's the messed up part--If I didn't go to the Doctor for a preventative checkup noone would know I had this mole and I would be getting the preferred plus rates. I could have 10 atypical moles and have been approved for the preferred plus and noone would know.

Insurance companies are messed up!!!

Logan

BTW--other companies said the mole wouldn't of mattered so we're trying to improve on my rates.

[Flamingo]

If you reside in a state that does not allow insurance credit profiling, credit reports are not used to determine eligibility. Your health is what matters and that is why you got the policy. If one is denied a policy and they suspect it is due to the BK and their state does not allow insurance credit profiling, they need to contact their state's Department of Insurance and inquire to find out if it was the BK that prevented them from getting the insurance.

As to your mole situation, all life insurance companies require that you divulge any doctor visits within a certain period of time of you applying for insurance. Not to divulge that information can result in a denied application or cancellation of the policy later on if that information is found out. So you had to divulge your mole situation and it is up to the insurance company as to their requirements regarding certain moles as what risk that poses to them at your age and that it does up your risk for cancer. Dysplastic moles are a precursor to cancerous moles. It just ups your risk. Thankfully you know that you are prone to them (usually genetic) instead of not getting them looked at and viewing it as you do.

[Logan]

As to your mole situation, all life insurance companies require that you divulge any doctor visits within a certain period of time of you applying for insurance. Not to divulge that information can result in a denied application or cancellation of the policy later on if that information is found out. So you had to divulge your mole situation and it is up to the insurance company as to their requirements regarding certain moles as what risk that poses to them at your age and that it does up your risk for cancer. Dysplastic moles are a precursor to cancerous moles. It just ups your risk. Thankfully you know that you are prone to them (usually genetic) instead of not getting them looked at and viewing it as you do.

I have nothing to hide. You would think they'd like someone like me that has regular checkups rather than the person who doesn't go to the Doctor. I have a physical for work twice a year and my physician was amazed that they dung me for the mole that I no longer have. Of course he had just given me a clean bill of health so knows I am healthier than the average person. The insurance company just sees a piece of paper.

Logan

[lrprn]

The insurance company just sees a piece of paper.

Actually what the insurance company sees is more money.

As a nurse who has been in healthcare for more than 30 years, I will never understand why anyone thinks that U. S. insurance companies care about them as individuals. U. S. insurance companies only care about maximizing profits for themselves and their shareholders. They make money (and their profits) by charging you more for them to take a slighly higher risk, knowing that the chances of you actually requiring an insurance payout that exceeds what you are paying in any time soon are very small.

For a very long time in the US, healthcare has been and continues to be a profit-making business for doctors, hospitals, and insurance companies. Everyone is trying to make money from the sick patient in every legal (and sometimes illegal) way possible. Insurance companies are just more openly transparent with their profit-making than the other players involved, that's all.