Insurance
Latest Posts From LifeCentra Blog

We are happy to share our information and knowledge to assist in growing and securing your financial future. Please use the tabs below to guide you through the topics relevant to your interest.

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8 Medical Problems that Can Affect Your Life Insurance Application

31 July 2016
Many people think they won’t qualify for life insurance with health issues, but the reality is not that grim. Typically, only a handful of conditions or severe cases get “table rated”, paying the highest premiums or denied coverage due to a higher risk of premature death. Anyone applying for a policy is assigned a health rating by the insurance company, based on current health, medical history and lifestyle. This classification (typically “standard”, “preferred” and “preferred plus”, with a 20%-30% change in premium quotes between the three ratings) defines how risky…
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0 Comments 3 years ago

Why Invest in Disability Insurance if You Already Have Life Insurance?

26 July 2016
While shopping for insurance coverage, most investors start with life insurance. This makes sense, since it can be a powerful tool to protect your loved ones in case of your death. After that, you insure your home, care, TV and other assets against the risk of loss. However, what about the most important asset of all, i.e. your ability to earn? Life insurance can take care of your family’s financial needs, like bills, loans, mortgages and daily expenses, if you were to die. What if you didn’t face death,…
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0 Comments 3 years ago

What Insurance Changes Do You Need to Address After a Divorce?

19 July 2016
Divorce changes your life in many ways, right from the emotional aspects to the financial ones. While insurance is the last thing you want to worry about during this stressful time, there are some crucial adjustments you need to make when your marriage ends. Doing this now helps you protect against financial troubles later. Here are the 4 main insurance types you need to update after a divorce:

1. Life Insurance

As part of your divorce agreement, you may need to purchase a life insurance plan (if you don’t…
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0 Comments 3 years ago

What Activities Do Insurers Consider “Too Risky” for Life Insurance Coverage?

03 June 2016
While there are many kinds of insurance, they all work as a form of asset protection, and investing in a policy is all about making sure that what you worked so hard for stays protected, no matter what. In that vein, though, the inevitable question arises – can you always get life insurance? If you’re involved in certain occupations, or indulge in activities and hobbies that pose a risk to your life, you may not be able to get a life insurance policy. At the same time, you probably need…
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0 Comments 3 years ago

How Life Insurance Can Help New Businesses Manage Risk

26 May 2016
  As any entrepreneur will tell you, starting a business isn’t easy. There’s no avoiding the risks associated with a startup, regardless of the market conditions, the economic climate, or the amount of resources you’ve utilized. It’s particularly challenging for new businesses to develop an effective risk management strategy. Such issues are especially problematic for young people hampered by their lack of experience in the corporate field. Life insurance can help lower the inherent risks of launching a new venture.

How Can Life Insurance Help?

You may think buying a…
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0 Comments 3 years ago