At a recent informative presentation, Judith Mauer, CEO of Low Load Insurance Services presented some tips on applying for insurance (any type including life insurance and long term care). After going through the underwriting process for the various forms of insurance, she highlighted two items for anyone who is seeking new insurance coverage to consider:
- Be Honest: Insurance companies are insuring against the unknown. The better you are at disclosing history up front, the less red flags will be raised and the higher the likelihood you will get covered. Insurance companies have access to all of your health history, so it pays to let them know what you know up front.
- Be Prepared: Did you know that you can see what the insurance company sees in advance? 1x per year you can order a free report from MIB, a repository of medical history. Go to http://www.mib.com/html/request_your_record.html to
order yours.