Do you have pre-existing conditions and NO LIFE INSURANCE? Read this …

I found this article, and I knew a lot of people didn’t have life insurance because they didn’t think they could qualify, however When Genworth put a study together and actually put numbers in my face … I am shocked!!!  Read this article, then read all the way to the bottom for my advise.  🙂

Original Article:
Genworth: Many Americans with pre-existing conditions hold no life insurance
By Warren S. Hersch
October 18, 2012

Substantial numbers of Americans with common, pre-existing conditions hold no life insurance, according to a new report.

Genworth Financial Inc., Richmond, Va., published this finding in its 2012 Genworth LifeJacket Study of the uninsured in America, the study conducted in collaboration with independent research firms J&K Solutions and Ruf Strategic Solutions. The supporting data for the study was collected over 15 months and administered by telephone, online and mail to 25,000 U.S. adults ages 18 and older.

The report reveals that between 39% and 54% of Americans between the ages of 18 and 64 with common, self-reported pre-existing conditions hold no life insurance. And doubts over insurability have led many potential candidates to not apply for coverage.

Uninsured sufferers of anxiety, asthma and depression account for more than half of all those who reported the condition (53%, 54% and 53%, respectively). Likewise, 40% of individuals with hypertension, 44% of those with weight problems and 42% of those with sleep apnea respond that they own no life insurance.

Nearly four in ten Americans living with high cholesterol (39%) also remain uninsured, the survey notes.

“We need to redefine the word ‘healthy’ in the context of life insurance eligibility,” says Janet Deskins, Genworth senior vice president for product development. “For adults with conditions such as anxiety, asthma, depression, high cholesterol and sleep apnea, life insurance can still be an affordable part of their overall financial plan, especially if they are actively taking steps to manage their condition.”

According to the study, more than 118 million adults in the U.S. age 18 and above don’t have life insurance coverage, more than half the adult population (52%). This compares with 51% of U.S. adults who were uninsured in 2011.

2012: Entire U.S. Adult Population 18+ (226 million)

• 52% are uninsured; approximately 118 Million
• For those with Life Insurance, $152K is the average coverage amount

2011: Entire U.S. Adult Population 18+ (223 million)

• 51% are uninsured; approximately 114 million
• For those with Life insurance, $155K is the average coverage amount

*Mid-point averages were used in life Insurance coverage amount calculations.

Within each of the populations identifying with the health conditions below*, a sizable portion is uninsured:

• Anxiety: 15 million total, 8 million (53%) with no life insurance
• Asthma: 13 million total, 7 million (54%) with no life insurance
• Depression: 17 million total, 9 million (53%) with no life insurance
• High cholesterol: 26 million total, 10 million (39%) with no life insurance
• Hypertension: 25 million total, 10 million (40%) with no life insurance
• Overweight: 24 million total, 11 million (44%) with no life insurance
• Sleep apnea: 12 million total, 5 million (42%) with no life insurance

via Genworth: Many Americans with pre-existing conditions hold no life insurance | LifeHealthPro.

My Advise:
If you are one of these statistics and you have a pre-existing condition listed above, please call me so we can discuss your situation.  I deal with the underwriters first hand everyday.  We can actually do a “pre-screen” where we call in and find out if your pre-existing conditions will be a knock-out for a particular product with a particular company before we even apply.  If that company doesn’t work, we look at another one, and then another one  … until we find the company and product that is right for you.  We do all the leg work for you, that is our job, and the best part about it … companies pay us for it … YOU DON’T!  It doesn’t cost you anymore to go with an agent than it does to go direct with the insurance company.  We are on your side.  So you tell ONE person your health information and that ONE person does all the work for you.  Isn’t that nice???  So give me a call and let me get to work for you … you will be happy you did!  940-488-5036  🙂  Dee Dee Allbright