The New Health Insurance is Life Insurance
Washington DC politicians have created a very dangerous world for the current generation of Americans. A very large percentage of Americans will have to change health insurance because their current coverage will be eliminated in the next 2 to 4 years. To reduce health insurance prices the United States is going to return to medical underwriting, exactly like before Obamacare. This means that all of the people who get cancer in the next 2 years are going to have issues with medical underwriting when they have to switch insurance and could end up paying higher premiums on the High Risk Pool (HRP). The best way to insure your good health in these insecure times is Life Insurance with Living Benefits. One of my best friends that I hired and got licensed for insurance in 1992 found out this year that his wife has breast cancer. They got $135,000 from the Life Insurance’s Living Benefit and used it to pay her health insurance deductibles and to purchase a couple of wigs and then deposited the balance into the bank to pay her higher premiums on the High Risk Pool (HRP) when they are made available.
My friend didn’t buy this Life Insurance back in 1992 because this product was not available back then. My friend is older now and his life insurance premiums are higher. If he would have purchased this Life Insurance when he was young he would have gotten 3 times as much and his wife’s check for getting cancer would have been 3 times as much or $405,000. My friend is very well positioned financially. Many people are scrambling when they get cancer. Many people have large Out-Of-Pocket with their health insurance of $7,000 with cancer. If they get cancer in November, by January they owe another deductible or $14,000 just in deductibles. Plus, many sick people can’t work so they lose their income stream. If they can’t work they discover that their COBRA premium from their employer is $2,200 a month to keep their health insurance. My friend had to fly his daughter home from college to see her Mom and comfort her and of course Dad paid the expense for her flight. There are just a lot of expenses that happen with cancer that are not covered by the health insurance. It is important to fight cancer with the proper mental attitude to survive. It is hard to be positive about survival when you are drowning in debt.
Our favorite life insurance company is a pioneer with Living Benefits. They pay for a variety of different illnesses like heart attack, stroke and cancer, you know the serious stuff. The medical underwriting is different than health insurance underwriting. My son who has crohn’s disease is an automatic decline on all medically underwritten health insurance. I was amazed to find out that he qualified for this Life Insurance product. I am amazed because I read the warning on the medication he is taking and it almost says – if you take this medication you will get cancer. My daughter has MS and MS sufferers can qualify for this Life Insurance with their medical underwriting.
At DonaldTrumpHSA.com our favorite Life Insurance company with Living Benefits insured America’s 1st Republican, Abraham Lincoln. When President Lincoln was killed this insurance company paid the President’s death benefit.