Experience, Expertise, and Convenience

After we help you find the best life insurance policy to fit your needs, regardless if it is term, universal or whole life insurance. Insurance Shoppers allows you to apply online in the comfort and convenience of your home or office with our assistance over the phone or email (if you like). Or, if you […]

Gender Neutral Pricing For Life Insurance?

[…] Although the Colorado law banning gender-based premiums passed in 2010 and went into effect in 2011, it only applies to health insurance. Auto and life insurance policies have long considered gender when setting premiums, and they continue to do so.

But that is not the case everywhere. In a far-reaching ruling, the European Union’s high court handed down a ruling this week banning the use of gender-based pricing for all insurance contracts and pension plans. So life insurance premiums (and premiums on all other insurance contracts and pensions) in EU countries will have to be adjusted by the end of this year to reflect unified pricing for men and women.

Given the precedent set by the Colorado law regarding health insurance and now a large international ruling from the EU, it will be interesting to see if we eventually end up with gender neutral pricing for life insurance as well. Time will tell.

126th Cavalcade Of Risk

Welcome to the 126th Cavalcade of Risk, where we’re showcasing the best in risk-related writing from around the web. As a primary risk-management tool, insurance in all of its various forms tends to show up a lot of the posts, but there’s something for everyone here, so dig in…

Electronic Underwriting Coming To Life Insurance

[…] Roy Bubbs, President and CEO of Hooper Holmes, noted that life insurance carriers spend an average of $500 to underwrite an application, and he believes that his company’s product that reduce that amount by half. My guess would be that it will also speed up the underwriting process, much as the electronic application process for health insurance policies reduced underwriting times for some policies from weeks to days over the last decade. […]

Do You Have Enough Life Insurance?

[…] If you have life insurance through your employer, be sure you know how much coverage it provides and how far that would go. If you need to add additional life insurance coverage, a basic term policy of 20 or 30 years will probably do the trick. Premiums are based on age at issue, so the younger you are when you get your policy, the less you’ll pay for the life of the policy. And since life insurance policies are medically underwritten, the healthier you are, the better rate you’ll get. The time to make sure that your family is protected is today.

Extreme Sports And Life Insurance

[…] However, underwriting does vary from one insurance carrier to another, and some are more lenient than others for specific activities and health conditions. If you’ve applied for a life insurance policy in Colorado and received a rate increase because of health or lifestyle, there may be other options that would allow you to purchase the same amount of insurance for a lower premium. We can compare options for you and help you find the best value for your insurance dollars, and there is never a charge for our services.

Why Use Insurance Shoppers?

We can look at a wide variety of Colorado life insurance companies and get quotes on many types of insurance and different risk classes. By letting us know your health, driving, and family history up front, we can let you know what life underwriting class you will be classified into and get you the right quotes the first time […]