Buying Life Insurance With a Pre-Existing Condition: What You Need to Know

| July 16, 2019

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Younger, healthier applicants tend to get better rates than older Canadians or those with a pre-existing condition when it comes to buying life insurance. But if you’re living with chronic health problems and need life insurance, you shouldn’t assume the worst. Insurers generally look at the potential risk associated with insuring someone. An increased risk can translate into increased premiums or reduced coverage with the healthiest Canadians often getting a better rate.

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Blue Cross Blue Shield of Michigan

Blue Cross Blue Shield of Michigan is a non-profit corporation and an independent licensee of the Blue Cross and Blue Shield Association. BCBSM's commitment to Michigan is what differentiates it from other health insurance companies doing business in the state. That mission has never changed. Nearly 70 years ago, Blue Cross Blue Shield of Michigan started with a purpose to provide people with the security of knowing they have health care when they need it. Today, that non-profit mission is the same and the company is accomplishing it in many ways, including:

OTHER ARTICLES

INSURTECH AND RISK MANAGEMENT: RESHAPING RISK SCORING AND UNDERWRITING

Article | February 21, 2020

The vibrant combination of insurance services and technical innovation takes a swing at the insurance sector. Let’s look at the current state of the market and how it pushes insurers toward rethinking risk scoring and underwriting procedures. In a global sense, the insurance industry is safe and sound. The sector is growing steadily, showing overall profitability.

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Will COVID-19 Disrupt the InsurTech Movement?

Article | February 21, 2020

If there is one thing that we have all learned with the spread of COVID-19, it is that there is virtually no industry that is immune to its impact. The global pandemic is disrupting the daily lives of individuals, the operations of businesses, the activities of governments, and even the approach of cherished institutions like museums, universities, and religious organizations. The P&C insurance industry, like many others, is reeling from the implications of the virus. Amid the rapid changes that are taking place, it is important to assess the impact of COVID-19 on the InsurTech movement. After all, InsurTech has always been touted as the ultimate disruptor of the insurance industry. But, might COVID-19 prove to be a disruptor to InsurTech?

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Does Your Firm Need Business Auto Coverage?

Article | February 21, 2020

Does your law firm have a business auto insurance policy? It should, if there are vehicles registered under your law firm’s name. The policy could also cover your firm when you or your employees use a personal or rented vehicle for firm errands, deliveries and other business purposes. In fact, business auto coverage could be your firm’s single most important asset in the event of an accident.

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DOES YOUR INSURANCE COMPANY ACTUALLY NEED BLOCKCHAIN RIGHT NOW?

Article | February 21, 2020

Blockchain has great potential to create value for insurance organizations. But these are the three questions to ask before you make the investment. In my last post, I spoke about why teamwork is the key to unlocking blockchain’s true value. Today I want to talk about the key things to consider before pulling the trigger on investing in blockchain. Not because I want to deter you, but because it might not be the right solution for you at this time.

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Spotlight

Blue Cross Blue Shield of Michigan

Blue Cross Blue Shield of Michigan is a non-profit corporation and an independent licensee of the Blue Cross and Blue Shield Association. BCBSM's commitment to Michigan is what differentiates it from other health insurance companies doing business in the state. That mission has never changed. Nearly 70 years ago, Blue Cross Blue Shield of Michigan started with a purpose to provide people with the security of knowing they have health care when they need it. Today, that non-profit mission is the same and the company is accomplishing it in many ways, including:

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