What is #insurability? How is it important to you, your #family, and your #estateplanning

You are never more insurable, than you are today! This is a fact. But what does insurability mean? According to Lincoln Financial, insurability means that either a particular type of risk can be insured or whether an individual can be insured, due to and based on circumstances.

Now let’s apply that to everyday life...often times humans experience a life changing situation.

A person can be diagnosed with cancer, heart disease and often other diseases that make the possibility of obtaining a life insurance policy, nearly impossible.

What is even more impossible, when becoming uninsurable, obtaining a life policy with a sizable death benefit. These can be considered pre-exiting conditions to the insurance companies and documented in the Medical Information Bureau (MIB) report.

The MIB report becomes part of your DNA and is every bit of importance, as your credit report.

What course of action should be taken? Take advantage of young age and good health, insure early. You’re never more insurable than you are today, meaning, do not put off getting life insurance till later. Live a healthy lifestyle, exercise and do not smoke. Seek out professional advice.