By on | Posted in: Life Insurance Basics

Life Insurance Rate Categories

Once you have finished your application, you enter an underwriting process in which the person writing your policy for the carrier will decide what risk category you get placed in. This is based on your overall health and lifestyle.

The category you get placed into is extremely important because it determines how much you pay for your life insurance. So, exactly how do you get the lowest rate possible? Being healthy and having a “safe” lifestyle is considered least risky for a life insurance company. The underwriting guidelines are different for each carrier. Most insurers have the same main rating classes even though the underwriting guidelines are different, but their rating class names could vary with each company. Though, as an example, with Prudential, some of their rates are called “preferred plus,” “preferred,” or “standard plus.” Whereas with MetLife, their ratings are, “elite plus,” “elite,” or “preferred.”

Life Insurance Rate Categories for Each Carrier

• Super preferred (nonsmoker): People who are in excellent health and typically those who have not smoked in the past five years might end up with this category. What you’ll need: normal weight for height, normal blood pressure and cholesterol readings, and most importantly, a clean medical history. Generally, there shouldn’t be any death due to heart disease or cancer before the age of 60 in your family history. Another thing that counts – your driving record! If you’ve had a DUI conviction within the last five years, you won’t be able to make it into this category. Same goes with your license being suspended or if you have had three or more moving violations/accidents within three years.

• Preferred (nonsmoker): This is the second best category to fall into. Although you get more flexibility with your health records than you do in the super preferred nonsmoker, or preferred plus, rating, this category is also associated with having excellent health. An early death in the family from cancer or heart disease is not generally accepted in this case either. High blood pressure treatment is generally acceptable, so long as they are within normal.

• Standard plus (nonsmoker): This nonsmoker category is for people who are in good health but did not quite make it into the preferred categories. A couple companies in this category will give you this rating if you smoke cigars, e-cigarettes, nicotine patch or chewing tobacco but not for people who smoke cigarettes.

• Standard (nonsmoker): For life insurance, the ‘average person’ will typically fall into this rating. Things such as being overweight and having treatment for high blood pressure may be acceptable as well as having a death in the family history due to cancer or heart disease.

• Preferred (smoker): This is for people who smoke who would otherwise qualify for preferred nonsmoker rates. If you recently quit smoking, you might still get smoker ratings. For a lot of life insurance companies, you MUST have stopped smoking for a minimum of 12 months for the nonsmoking rates but for most insurance companies to receive the best rating (Preferred Plus) you must have stopped smoking for 5 years.

• Standard (smoker): Smokers who would otherwise fall into the standard nonsmoker rating. Again, same as above.

So, how do you get better life insurance rates?

If you are a current smoker, or have recently quit smoking, it’s really good for yourself and in your best interest to buy life insurance now and not wait because what if you died tomorrow with no life insurance your family most likely will need the money. Most financial advisors agree, if you still smoke or just quit smoking to lower the term to 10 years even though you might need a 30 year policy. After you are quit smoking for a year you can always reapply for a non-smoking rate and lower your price or get a longer term.

If you’re overweight/obese, losing weight definitely helps! Lowering your blood pressure and/or cholesterol readings will help you find better rates.

Most importantly, it’s crucial to shop the life insurance market! Finding a good agent that shops every company, such as the agents here at 1st Option Insurance, will help you find an A or higher rated company at a great rate. With shopping the market, you will find that each company has its own guidelines for underwriting and most times, if you aren’t suited with one company, you’re better off with another.

By on | Posted in: Buying a Policy

Life Insurance

Discussing life insurance isn’t really a fun or exciting conversation to have, but it is important. It’s always good to plan ahead and be prepared for what lies ahead in your future. Life insurance is ideal for people who support their spouse, are parents of young children, or care for a disabled child or adult, etc. Additionally, it helps provide immediate cash at death, meaning those debts, funeral expenses and income or estate taxes you leave behind, won’t be a burden to your family and loved ones.

Life Insurance and 5 Reasons Why You Need It
Still not sure? Here are some reasons why most people buy life insurance:

1. Funeral Costs
This can get really expensive! Some cases can cost up to about $7,000 to $10,000. This isn’t your extravagant type either; this is an average cost. This is a very emotional and difficult time for your loved ones – by putting the funeral costs on them can really add an additional weight on their already heavy shoulders.

2. Don’t Leave Them with Debt
With having life insurance, it’s extremely helpful for your loved ones to deal with any kind of debt you leave behind. Your family would typically get left with your financial responsibilities, but if you have life insurance, the immediate cash would take care of that issue.

3. Accidents or Illnesses
Unfortunately, we can never truly know what will happen to us tomorrow or the next day. Dying suddenly can happen at any given time… It helps bring peace of mind knowing that your loved ones won’t have to deal with any of your financial problems or any funeral expenses once you’re gone.

4. Inheritance
By buying a life insurance policy, you are able to name your beneficiaries. Your beneficiaries can be anyone you choose. So, if you have any children, this would be a great way to set them up for a solid financial future.

5. The Earlier the Better
It’s easy to put it off, but the longer you wait, the more you’ll end up spending in the long run. The older you get, the higher the premium and more expensive it tends to get with some carriers. This doesn’t necessarily mean that you should only get it while you’re young or that you shouldn’t even bother getting it now that you’re older! Life insurance is about getting it when you really need it the most.

Life insurance really isn’t as complicated or as expensive as you think it is. An agent at 1st Option Insurance can discuss this with you and help you find the coverage perfectly suited to meet your needs. Don’t wait until it’s too late!

By on | Posted in: Health Tips

Lose weight picture

New Year, New You!
Helpful Tips to Help You Lose Weight
By Ena Kalkan

The start of a new year is just around the corner and as we continue our journeys into the year of 2016, everyone is making their own kinds of goals they wish to accomplish. Quit smoking, save money, eliminate stress from your life are just some of the top new year’s resolutions. Can you take a wild guess at what the top new year’s resolution is every year? Lose weight!

Here are some helpful tips to keep you on track to a healthier you in the new year


Even the tips that may seem like they have the least influence on losing weight can actually make the greatest effect. Take a look and read through some the tips to help you with your goal:

1. Drink more water. Think about grabbing the water bottle instead of the beer in the fridge or the wine sitting in the kitchen. Instead of getting sweet tea or coke at the restaurant, choose to drink water (maybe even with a slice lemon if you wish)! Water is essential in our everyday life and will not only help you lose weight, but helps the skin and ensures proper circulation of nutrients in your body. Water helps you detox your body by removing harmful toxins from your digestive tract.

– Side note: Drinking a cold water with a couple drops of lemon in the morning will help you wake up faster, freshen your breath, reduces the feeling of hunger, helps you get a large amount of vitamins and aids your digestive system. Try it out!

2. Meditate for five minutes. It doesn’t hurt to give this a shot! Meditating is all about focusing on one thing, such as your breathing or the sounds of the wilderness or an ocean, while blocking out other distractions. Benefits from meditating includes: less stress, better focus, more creativity, increased memory, etc. Take a couple minutes in your morning routine to try this tip out.

3. Watch a motivational video. This may seem a bit silly to some but this can really help you find the motivation you need to start working out. There are many videos such as this YouTube Channel by Mateusz M. Motivational videos can definitely be worth the couple of minutes spent watching to those who may have a hard time finding inspiration. Take a look!

4. Add a mini strength workout to your day. This is just as effective as hitting the gym. Look up mini strength workouts, such as doing squats and push-ups, to help you lose weight. The general rule to this is that each exercise should fatigue your muscles within 60-90 seconds. If not, you can add an additional resistance band, or resistance tube, for extra burn.

5. Bring your own lunch. Making your own lunch for work helps you eliminate those extra calories you find yourself consuming from restaurants or to-go places. You know exactly what you’ve made for lunch and you are in control of your own proportions and the calories you consume. Plus, you can save yourself a good amount of money in the long run bringing your own lunch every day!

6. Find a support system. Whether it’s finding support through a close friend or online through social media, it definitely helps having somebody who encourages you to continue your battle with losing weight. Research shows that having this support adds to success in weight loss. Always worth a try.

7. Sleeping is extremely important. From the National Heart, Lung and Blood Institutes website, “Sleep plays an important role in your physical health. For example, sleep is involved in healing and repair of your heart and blood vessels. Ongoing sleep deficiency is linked to an increased risk of heart disease, kidney disease, high blood pressure, diabetes, and stroke.” Continuing to have a good night’s rest has proven to show better results with an individual’s weight loss. How much sleep do you need? For adults, it’s recommended to have at least 7 to 9 hours of good, uninterrupted sleep.

8. Eat breakfast – cereal. Make an attempt to eat cereal every day in the morning. Studies have shown that people who eat cereal are less likely to be obese and less likely to have diabetes than those who don’t. People also consume more fiber and calcium when they eat cereal for breakfast and less fat than those who don’t.

9. Clean your home once a week! Not only will this make you feel great about your house and how clean it is, but this can actually help you lose some weight in the process. Whether you’re cleaning your bathroom thoroughly, vacuuming the entire house, or detailing your car you could find yourself burning a considerable amount of calories.

10. Keep a food log. This has proven to be effective in helping many people with their weight loss. When you find yourself writing down everything you’ve eaten in a day, you can see exactly what you’re consuming. This helps you feel more responsible for what you choose to eat, encourages you to avoid those little and most times unhealthy snacks, and most importantly, helps you meet your health goals!

Losing weight is no easy feat. It takes time, patience and a lot of energy and self-motivation. But once you’ve found yourself at your goal weight, it feels incredible. Losing weight can help solve many different health issues and can ultimately help you find a better life insurance rate. An agent at 1st Option Insurance will help you find a great rate by shopping the market for A or higher rated companies.
There are many, many useful tips to keep you on the path to successful weight loss. Keep them all in mind going into the new year.

Happy New Year from 1st Option Insurance!

Link attached for #3 –
Citation for #7 –

By on | Posted in: Buying a Policy, Health Tips

diabetes picture

November is diabetes awareness month and as it is a growing epidemic in the world we live in currently, it’s important to understand what it is. An estimated 23.6 million Americans are currently diagnosed with diabetes. Some 5.7 million Americans are currently living with this disease and do not realize it. 57 million have prediabetes, meaning they are at risk of developing the disease. An estimated 65% of those with diabetes will die of a heart attack or a stroke.

What is Diabetes?

Diabetes is a group of metabolic diseases that occur when the pancreas doesn’t produce enough insulin or the cells of the body don’t respond properly to the insulin being produced. This results in high blood sugar. There are three main types of diabetes: type 1, type 2 and gestational.

Type 1 juvenile onset diabetes

is where the pancreas is not capable of producing insulin. The body’s immune system destroys the pancreas’ beta cells – which are needed to create insulin. Insulin must be injected into the body of an affected individual by a pump or manual injection.

Type 2 adult onset diabetes

is caused by a resistance to insulin in which the body’s cells fail to use insulin properly. As a result of this, the pancreas will slowly lose its ability to create insulin. This is the most common type of diabetes as 90 to 95% of all adult diabetes cases are all type 2.

Gestational diabetes

(glucose intolerance during pregnancy) is usually temporary and is resolved after a woman’s pregnancy ends. The high glucose levels during pregnancy may cause the development of permanent type 2 diabetes.

Living with Diabetes and Getting Life Insurance?

Are you looking to buy life insurance but are unsure of what you’re facing with diabetes as a factor? There is good news! If you’re living with diabetes and are taking proper precautions to keep it under control and going to your physician regularly to check up on your condition, you’re good to go ahead and apply! The life insurance company you apply with is going to look at things such as: when you were diagnosed and what your diagnosis was, the age of diagnosis, the course of your disease, what type of treatment your response to that treatment, if there are any other medical conditions present and so forth.

When you’re applying for a life insurance policy, it’s very important to have all your doctor’s names, addresses and phone numbers. It’s good to make sure that those doctors have copies of all your records regarding treatment, follow ups, etc. Also good to have a list of all medication and the information of the prescriptions you’re taking. Tip: Don’t skip any follow ups with your doctor! Life insurance companies are looking at those as well.

Life insurance premiums are typically lower for people who diet and exercise and/or keep their diabetes under control with medication. Premiums typically are higher for those who are not visiting their doctor regularly or if your A1C is not under control.

So, you are definitely able to qualify for coverage living with diabetes! The approval and rating class you are placed with is different for each life insurance company. Your life insurance agent at 1st Option Insurance can help you out with figuring out which company is the best for your situation.

You can find more information about Diabetes by clicking here

Ena Kalkan is a staff writer at 1st Option Insurance for Insurance News, a personal finance website. The source for life insurance


By on | Posted in: Life Insurance Basics

Life Insurance Terms You Should Know picture

Life insurance can be a complicated thing if you don’t know what you’re talking about. The industry has terminology that they have been using for years upon years. This confusing terminology has often times prevented many people from making decisions about getting life insurance.

What’s shocking is that most people who purchase life insurance policies have no idea what they bought. And most times, if they don’t understand what they bought, they might not have got the proper coverage.

So, here’s a way to help you understand a little bit more about the life insurance world and it’s terminology:

Life Insurance Terms You Should Know:

  1. Term Life Insurance

    This kind of policy lasts for only a specific number of years. You have the ability to choose from 10, 20, 25 or 30 years of coverage.

  2. Permanent Life Insurance

    This kind of policy lasts for the span of your entire life and it also factors in cash value. Whole life or Universal life is a type of permanent life insurance.

  3. Policy Owner

    This is the person who buys your policy and also has control of it. This person may or may not be the one who is insured on the policy. Example – a husband could own a policy on his wife. The policy owner is the only person who can change the beneficiary and get policy details from the insurer.

  4. Insured Person

    Kind of self-explanatory, the person whose life is getting insured.

  5. Premium

    Amount of money you pay for insurance. Typically, you get quoted per month or annually, as these are the two most popular options.

  6. Beneficiary

    On your policy, this will be the person who receives the life insurance payout. You may have more than one beneficiary, but by doing so, you will need to split up the percentages to equal 100%. Example: Naming your spouse and child as beneficiaries – your spouse would get 50% and your child would receive the other half.

  7. Death Benefit

    Life insurance money which is paid to the beneficiary.

  8. Accelerated Death Benefit

    As mentioned above, this policy feature lets you receive some of the life insurance payout early if you are terminally ill. Some insurers will often times call this a “living benefit.” It is typically a free feature on your policy, so make sure it has it!

  9. Cash Value

    If you purchase permanent life insurance, a part of your payment goes into what’s called a “cash value” account. This account grows in value over time. You could take a loan against the cash value and use the money for whatever you want.

  10. Underwriting

    This process happens once you send your application (and most times, medical exam) in to the company you’ve applied for life insurance with. During this time, the insurance company will evaluate the risk of insuring you and will determine your life insurance rate. During this process, the underwriter of your policy may or may not ask you questions regarding your medical records, prescription history and driving record.


It’s always important to be educated in everything you decide to do. Especially when making such crucial decisions such as buying a life insurance policy. Hopefully these terms will help you understand the life insurance industry some more and you can take these with you going into the process of buying a policy! If you’re still confused, don’t worry: your agent here at 1st Option Insurance will be more than happy to assist you with all of your questions. Don’t hesitate to ask. We’re here for you.

Ena Kalkan is a staff writer at 1st Option Insurance for Insurance News, a personal finance website. The source for life insurance

By on | Posted in: Buying a Policy

Woman thinking about life insurance picture

When buying a life insurance policy, it’s important to recognize that they are very serious commitments. There are two main types of life insurance policies, term and whole life. Does having a single policy mean that it will fulfill your needs for the rest of your life? No. You can buy term and later think that having whole life is a better option. Or, you could decide to buy a brand new policy to stack on top of the policy you already have.



The Differences: Term and Whole Policies

Whole life and term life insurance policies work very different from each other. Whole life is what many will refer to it as a permanent life insurance, where they will pay a guaranteed death benefit no matter when you pass away, so long as your premiums are paid on time. Whole life is great for covering long-lasting financial responsibilities, such as estate taxes, that are left behind for your heirs.

Looking at term policies, they however only pay a death benefit if you die during your term – however many years you wanted your policy covered for which is usually 30 years or less. Term is usually good for helping your spouse and/or children if you’re no longer around to help provide an income. They are pretty inexpensive though, as most times, people are expected to live longer than the term of the policy. On the flip side, whole life can cost up to almost ten times the amount of the term policy for the same exact coverage.


When To Buy Both?

  • When you want more coverage over time: If you upgrade to a bigger house or have another child, you should most likely start considering adding additional life insurance. If you already have a whole life policy, maybe adding a term policy on top would be better and less expensive then adding another whole life policy.
  • When you can’t afford to get as much coverage as you want: Many people will put together both whole and term policies to save money without compromising coverage. Say you want a $500k whole life policy but are only able to afford half of it at $250k currently. You could add another $250k worth of term on top of the whole life to maintain the benefit level at a lower premium.
  • When you’re able to afford more coverage: Most families will start off with term life insurance because it was cheaper at the time but would have preferred whole life. If you and your family are still interested in buying a permanent policy, you can always do so by stacking on top of the term policy you currently have.
  • When you want to make sure you’re covered: This doesn’t happen very often, but life insurance companies can go broke and if it does happen, your coverage might be at risk.  Most states insure up to 300k in life insurance if an insurance becomes insolvent. It’s very important to make sure you research financial ratings before you buy. However, at, we shop the market of A (Excellent) or higher rated companies to ensure this could never happen to our clients. We want to make sure you and your family stays protected! They will shop over 50 companies when you are considering both whole and term life insurance.


Problems Possibly Encountered With Buying Two Policies

There is no strict limit on the number of life insurance policies you can have, it’s completely legal to get both term and whole life. If you want two term policies and one whole life policy, you can apply for them! When applying and going through the underwriting process for your policy, keep in mind that the insurer will ask about the coverage you currently have. They could decide to not issue the policy to you if they don’t see fit that you are able to pay for it, or that you do not have enough income/assets to justify the additional policy. Be ready to explain why you need more!

At, your agent will help you with any of your life insurance needs! What your agent will do is shop the market for A (Excellent) or higher rated companies to ensure that you and your family are covered and help you see the comparisons of the companies that are best fit for you as the best rate!

By on | Posted in: Health Tips

3 factor picture

Most people don’t realize how important life insurance is for you and your family’s protection. It’s even better buying life insurance when you’re younger because it is pretty inexpensive at that time in your life. Rates are typically low, such as $20 or less for a 30 year old woman who wants a $500,000 term life policy for 20 years.

Waiting on buying a life insurance policy is where some people go wrong. Aging, plus health issues, as well as other lifestyle concerns, are were the prices start to get higher and higher. If that same 30 year old woman decided to wait to get life insurance by the age of 45 or so, she would be looking at roughly about the amount of $40+ per month! A history of heart disease in her family and prescription for blood pressure would also raise the same policy at about $50+ a month.

If you do not currently have a life insurance policy and the insurance company discovers an health issue, it is always better to take the offer and change the amount or term to fit in your budget. After you have the policy inforce have your agent shop the other insurance companies for you to see if another insurance company comes in better. If no one comes in at a better rate work on your health or lifestyle issue that caused the problem.

If you already have a life insurance policy and you know your health has significantly improved since your last policy, ask to be re-rated! Although, not guaranteed, it definitely won’t hurt to ask and at no cost to you! If you’re worried about, “What if they discover something new in the process of my re-rating? Will my current rate go up?” The answer to this is simply, no. Your rate will stay the same, if anything.

So, what are life insurance companies looking for in particular?

Here are the 3 Factors you can change to receive a better life insurance rate:

  • Weight loss
  • Quit smoking for at least 12 months
  • Your medical condition has improved

Weight Loss

Life insurance companies are very particular when it comes to their certain guidelines, each different for every carrier. Being overweight or obese is a major risk factor for each life insurance company. This is due to the many serious health problems that coincide with being overweight, such as having a stroke or a heart attack. So, losing weight and keeping it off is very good, not only for yourself, but also to get a re-rating!

Quit Smoking!

This is a big NO in the life insurance world. If you are smoking and you want life insurance, it’s in your best interest to kick the habit. Most of the time, life insurance companies will want you to have quit smoking for about a year, others such as transamerica will want you to have stopped for 2 years. After a few years of quitting your habit, you will qualify for a ‘nonsmoker’ rating, which will decrease your premiums significantly.

No More Medical Problems

If losing weight or smoking are not the root of your problems when it comes to life insurance, but instead your health conditions (such as depression, anxiety or blood pressure) these are conditions that CAN be taken care of through the use of medication. If you have been prescribed pills, please take them. Your insurer will most likely give you a better rate than before once they see it’s well managed and under control.

Losing weight, quitting your smoking habits, and managing your medical conditions are 3 factors you can change to get a re-rate! But keep in mind, not ALL changes will be accepted for a request for re-rating. It would be best to talk to your agent to figure out what would the best step to take to be considered for a re-rate.

You can go to, they are the king when it comes to finding the lowest price and helping consumers re-rate their health to lower the cost of life insurance.

By on | Posted in: Lifestyle Choices

Questions picture

Life insurance companies can be picky at times. But something they will all agree on is their smoking policies. While you may not think of yourself as a smoker, they might disagree! How is that, you might ask? Well, they won’t consider you a non-smoker until you have been without tobacco or nicotine for at least a year. And even at that, you probably will not receive better rates until several years after being completely tobacco and nicotine free.

So, suppose that you are a 35 year old male looking for a $500,000 20-year term life policy in the “Preferred” risk class as a smoker. You are looking at about $900 a year. That’s more than double the non-smoker rate of about $300! Being said, if you are still using tobacco or nicotine and are looking to get life insurance, it’s in your best interest to make your best attempt at quitting the habit. Take a look at how life insurance companies take on various tobacco or nicotine products.

Currently smoking cigarettes?

Unfortunately, you’re definitely looking at higher rates.

Nicotine Patches/Gum

These can be pretty iffy… Reason being is because nicotine, regardless of how it’s consumed, could increase a person’s risk of having heart disease. Taking a life insurance carrier such as Prudential, for example, they will give a non-smoker plus rate to people who use nicotine patches or gum. But, other carriers may or may not piece these in with cigarettes. It’s pretty important to do your research with the many different life insurance companies before sticking to one.

Cigars, Pipes & Chewing Tobacco

AIG, another life insurance company, considers cigars a “non-factor” if: you smoke no more than one a week, haven’t used any other tobacco products for at least five years and have no nicotine in your urine when you’re tested. Transamerica, on the other hand, has comparable guidelines, but allows only one cigar a month. So, what about the occasional ‘celebratory’ cigar? These count as well. Good news is that some companies will list you as non-tobacco in a rating class even though you advise your agent on your cigar use. When it comes to cigars, pipes and chewing tobacco, you can even test positive for nicotine on your exam, you are looking at the non-smoker plus rates through some life insurance companies, such as Prudential and standard non-smoker with Lincoln National.

Electronic Cigarettes

Not many life insurance companies have underwriting guidelines for electronic cigarettes but those that do, such as MetLife and AIG, have them classified with the regular, old-fashioned cigarette. This is simply due to the fact that there isn’t enough information or research to show the long-term effects that e-cigarettes have. Life insurance companies do not take too many risks on a lot of different issues, and this ends up being one of those where they’re still uncertain about. One company, Prudential will give a non-smoker plus rate to people using electronic cigarettes.

Own Up To Your Habits

Do not lie about anything on your life insurance application! Especially tobacco usage. Eventually the truth will come out when you take the tests or when it shows up on your medical records! Most of the substances they are looking for can take days – weeks to leave your system depending on how much you used. Best case scenario, you will end up getting the higher rates which line up to what other tobacco users typically pay. Worst case scenario, you’ll be refused coverage. If you do not lie to your agent they can shop the market and find you the best and lowest price based on respective companies guidelines. You can use 1st Option Insurance quoting tool to find the best rate. Click Here

Quit Using Tobacco!

Make a solid attempt at quitting your tobacco or nicotine use. You’ll get rewarded for it (eventually!) and it will make you a better person.
At 1st Option Insurance, we have agents ready to help you with your life insurance quote! They will guide you through the process and will find you the best rate on the market through over 50 life insurance companies, rated A Excellent or higher.


By on | Posted in: Buying a Policy

October Is Breast Cancer Awareness Month picture

As we welcome the month of October in, we are also reminded that October is Breast Cancer Awareness Month as well. Thanks to technological improvements with treatments and screening, if you are a breast cancer survivor (woohoo!), you have a very good chance at qualifying for coverage. You might even have a great chance of qualifying for coverage immediately after your treatment as opposed to the wait of a few years or so.

Changes Have Been Made

So what exactly has changed within the life insurance industry? The improvement of technology in the screening process and earlier detection of breast cancer has better ways of predicting where the cancer was found and how their treatment will go – if it is more likely to be successful or not. These advances in the medical field have given life insurance companies a way to measure risk in a broad way for different types of scenarios. This has ultimately given them a way to show more rating categories, shorter waiting periods and lower premiums in numerous cases.

What Do The Guidelines For Breast Cancer Look Like?

The guidelines for when a life insurance company encounters a breast cancer survivor is:
(1) What type of breast cancer was it?
(2) What was the stage and the grade of the cancer?
(3) When was the cancer diagnosed and when did the treatment end?
(4) How was the cancer treated?
(5) Was there any metastasis or any lymph node involvement?
(6) What was the size of the tumor?

The lower the stage, grade and the longer the amount of time since the treatment has ended will definitely give you a better chance at qualifying for coverage at lower rates! Preferred rates are harder to come by, but with appropriate treatment and successful completion of treatment, you could definitely be looking at standard rates.


If you have been attempting to get coverage through one company and have been turned down before, don’t give up! The underwriting guidelines differ with each life insurance company. You always want to shop the market before you decide to pick one. This is why it’s extremely important to go with a company who you can trust will shop the market for you. At 1st Option Insurance, your agent will be diligent and will find the best rate for you and we shop over 50 life insurance companies. You don’t have to do this alone. You have nothing to worry about with us by your side. CLICK HERE to start shopping

By on | Posted in: Buying a Policy

Things That Could Affect Your Life Insurance Rate tight rope picture

Most people would know that your overall health and how old you are play a massive role in life insurance. It determines how much you pay or if you even qualify for the coverage you want. There are many reasons why you don’t get approved for your life insurance policy. Many of them sound pretty unusual but these are things to take into consideration when applying for life insurance.

  1. Your Occupation

If you have a desk job, you don’t need to fret yourself over this one! But, if you have what’s considered a “risky” job, you’ll be looking at a higher premium with life insurance. If you’re a pilot, commercial underwater diver, or prison guard you are placed among those who, depending on which carrier you go with, could end up paying more for coverage than a bank teller or administrative assistant would. Police Officers, Firefighters, Military personal (not deployed) most life insurance companies will give you the best rate available based on your health.

  1. A Recent Bankruptcy

Credit history generally stays out of life insurance premiums, unlike with home and auto insurance. But having a recent chapter 7 bankruptcy in your credit report could make it tougher to qualify. According to several different life insurance companies underwriting guidelines, take AIG for example, they will not even consider offering term life coverage until your bankruptcy has been discharged for a minimum of two years. Now, if you have filed for bankruptcy more than once before, you will not be considered for any coverage until the most recent bankruptcy has been discharged for five years minimum. If you filed chapter 13 recently you will be ok with some companies as long as you are in a court approved payment plan.

  1. Driving Record

If you have a not so clean driving record, you might be looking at higher premiums. You might not even qualify if you have a recent conviction for a serious violation, like a DUI for instance. But this all really depends on the insurance company and the amount of coverage you get through them. Mutual of Omaha, for example, checks motor vehicle records for people ages 18 to 45 who apply for $100k+ of life insurance, and for people who are 46 to 70 who have applied for more than $1 million. But, again, this is just one insurance company from many others who all have very different guidelines.

  1. “Dangerous” Hobbies

Do you like to scuba dive, hang glide, skydive, or rock climb? These are all hobbies that life insurance companies have deemed as pretty risky activities. Shouldn’t come as a surprised when the life insurance company you decide to go with will want to know specifics about your hobby! They is why it is smart to find an agency that shops every company and finds you the lowest rate!

  1. Your Gender

Statistics show that many consumers don’t know that gender affects life insurance rates! For example, a 30 year old male who does not smoke would pay $250/year or more for a $500k, 20 year term life policy whereas a 20 year old female who doesn’t smoke could end up paying as little as $215/year for the same policy. But don’t get upset! Women live longer than men and it’s just the way life works!

Above are just a few things that could affect your life insurance rate but don’t worry.

We have you covered at 1st Option Insurance. We have the best agents readily available to help guide you through any of these problems and many more! Having the right agent really makes buying life insurance so much easier. We shop each and every life insurance company that is A Excellent, A+ or A++ rated by AM Best to find the best rate on the market! CLICK HERE to shop now