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How reliable is globe life insurance company?

Need help finding a life insurance company

  • What's the least expensive 20+ year term life policy in the US for a diabetic with no other health issues? Is there anything under $1,000 a year? The reason for needing the insurance at all beyond a funeral policy is that I have a family I help provide for and I do not have several hundred thousand in the bank to self-insure. Despite being diabetic, I live a healthy life for an American and if I die before 2040, it will be from a freak accident or unexpected diagnosis like cancer. Normal life insurance risks. I've filled out insurance quote forms and can't get anything less than 3-4x the price for normal people. Is there a company that drops the price if you can prove good control with A1C, a doctor's opinion, or other blood tests to show you are healthy otherwise? Is there a company that factors how much you exercise, your diet, how often you visit the doctor, character references? I think the answer would be the same regardless of other demographic info but I'm also 32, male, don't smoke, barely drink and am willing to abstain, and am willing to switch my home and auto insurance to get a discount. I'm a type 1 diabetic. I would consider a type of insurance besides term but I've heard it is the least expensive. I don't need a lot of benefit from the insurance. Even a $250,000 policy would make a big difference for my family.

  • Answer:

    My wife is a Type 1 with impeccable control and insurance companies just laugh at us when we try to get her life insurance. I'm impressed you got a quote at all. What about your job? A lot of companies give a small group life plan as a benefit - usually 1 X your salary or something like that. You may be able to increase that policy without the risk headaches since it's a group plan.

anonymous at Ask.Metafilter.Com Visit the source

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We used Selectquote.com. It seemed to work fine. Our situation isn't like yours, and I'm sure they would ask if you have a history of medical problems, but ultimately, my understanding is that their rate quotes (probably like every other insurance company's quotes) are based on estimates from actuarial tables.

jasper411

I work for a large life insurance company, but this is not a solicitation of insurance or anything but friendly advice: http://ask.metafilter.com/283643/Need-help-finding-a-life-insurance-company#4109841 is right! Term Life insurance is a very commonly offered benefit through the workplace, and you're right in the ideal age range where you can get a lot of coverage for not-very-much money. Check with your HR/Benefits department to see what's available. In addition to the base benefit an employer might fund ($10-$50k benefit is very common), you may be able to purchase additional coverage (like, up to $500,000) at group rates. You may even be able to purchase some amount of insurance guarantee issue - not subject to any medical underwriting.

Coffeemate

Carius

I've also used http://www.term4sale.com/. A good independent insurance agent will know which company will work with your situation the best.

LoveHam

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