Give the gift of life insurance this holiday season

by Lindsey Amaya on December 7, 2017

From Hatchimals to drones to the iPhone X, these are some of the hottest items appearing on holiday lists this year. However, how long until these items break or are replaced by a newer, cooler item? This season, consider wrapping up a gift that doesn’t go out of style – life insurance. It may not capture aerial images or have Touch ID, but it will ensure loved ones are taken care of financially.

If you are feeling hesitant that a life insurance policy may not be the perfect gift, this story may change your mind. A Quest employee, Ruth, lost her brother to congestive heart disease. Because he planned ahead, the family did not have to worry about funeral or medical expenses after his death. Ruth will always be grateful her brother took the important step to protect his family by giving the gift of life insurance.

Guidance as a gift

If you already have a life insurance policy, then consider starting your children or grandchildren in the right direction financially. The younger in age for a life insurance client, the lower the premium and the longer it can grow. Starting life insurance early also minimizes the risks that come with age. For example, due to injury or illness developed later in life, some people are unable to obtain life insurance.

While gifting life insurance to your kids or grandkids may not have the excited reaction we all love, it will give them a financially sound foundation for them to stand on when they’re ready. In due time, the gift will have them wondering what they would have ever done without you.

4 reasons to consider life insurance this holiday season

It’s timeless: Unlike every other present you’ve given or received, some life insurance continues to grow in value over time. As nontraditional as a gift like this may seem, the investment you made in your family will continue for generations.

It’s affordable: According to LIFE Happens, 66% of individuals say they haven’t purchased life insurance because it is too expensive, but consumers tend to overestimate the price. The 2017 Barometer Study revealed that a $250,000 term life policy for a healthy 30-year-old was estimated to be $500 a year, which is more than three times the actual cost.

It’s practical: No matter where a person is in life, this growing base of insurance can always benefit.

It’s a relief: Whether you have a family you provide for today, future families in mind, or business partners to protect, you can rest easy knowing that you’ve offered an incredible gift for anyone who depends on you.

 

Life insurance will keep the times beyond holidays happy and ensure you can always provide for your family.

7 facts to know about opioid use

by ExamOne on December 1, 2017

Earlier this year we announced an expanded opioid panel for life insurers. This comes at a time where the American workforce is showing the highest positivity rate for illicit drugs in the past 12 years. This epidemic affects people of all ages, race, gender, incomes and educational backgrounds. These are the same individuals who could be applying for life insurance. Insurers should know these seven facts about the use of opioids.

7 facts you need to know about opioids

  1. Half of Americans (52%) tested in a recent Quest Diagnostics Health Trends study misused their prescription medications. The study also found dangerous drug combinations of opioids, benzodiazepines, and alcohol are common.
  2. Since 1990, the number of Americans who have died from opioid overdoses has increased by more than 500%.
  3. Overall positivity rates for heroin increased 146% between 2011 and 2015 in the general U.S. workforce, according to the Quest Diagnostics Drug Testing Index™.
  4. A study in the Journal of the American Medical Association  estimated that opioids are shortening the life span of Americans by 2½ months.
  5. report from Pacira Pharmaceuticals said middle-aged women (aged 40 to 59 years old) are prescribed more opioids than other groups and twice as many as men in their same age group. Mostly prescribed post-surgery, these group accounts for 3.3 billion unused pills.
  6. In 2015, more Americans died from opioid overdoses than from car accidents and gun homicides combined.
  7. According to the Centers for Disease Control and Prevention (CDC), “sales of prescription opioids nearly quadrupled from 1999 to 2014, but there has not been an overall change in the amount of pain Americans report.”

Despite the growing number of cases involving opioid misuse, insurers can do their part by adding the expanded opioid panel to their laboratory testing. Learn more about what the opioid drug panel offers.

Originally posted as 10 facts about opioids by Quest Diagnostics Employer Solutions

Are you seeing these 6 trends changing the life insurance risk landscape?

November 30, 2017 Carriers

Over the past decade there have been significant changes to the health risks Americans are facing. While the causes and potential solutions to these health issues are being debated, the rising number of Americans living with diabetes, hepatitis C and the consequences of the opioid epidemic continue to impact our country. We also hear too […]

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Diabetes Awareness Month: Managing risk and supporting applicant health

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Today, more than 30 million Americans have diabetes, with 7.2 million still undiagnosed. Additionally, the Centers for Disease Control (CDC) estimates there are 84.1 million people with pre-diabetes. [1] Each November, during Diabetes Awareness Month, we are reminded to focus on the growing crisis and share knowledge about diabetes and its impact on millions of […]

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Industry survey insights: The impact of tobacco, alcohol, and drug use on anti-selection

November 2, 2017 Carriers

A recently commissioned study by Hank George, Inc. surveyed 110 direct-writing U.S. and Canadian life insurance carriers on fully underwritten businesses. The survey covered a variety of tobacco, alcohol, and drug use topics*. ExamOne asked consultant and former risk management director at Allstate Financial, Eric Hjerpe, to outline and expand upon some of the findings […]

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October 24, 2017 #Committed2 You

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Committed to client success: 2016 District Sales Manager and Sales Representative of the year

October 24, 2017 Uncategorized

At ExamOne, our employees are committed to being a premier service provider to life insurers, while creating a positive experience for those taking the important step of protecting their families with life insurance.  Each year, we recognize the hardworking employees who have been leaders in demonstrating this commitment. Julie Lewis | 2016 District Sales Manager […]

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Health Literacy Month: Empowering life insurance applicants with online laboratory results

October 11, 2017 Carriers

October is Health Literacy Month, which promotes the importance of individuals understanding information about their health. According to the National Assessment of Adult Literacy, nearly 90% of adults lack the health literacy skills needed to manage and prevent disease. Additionally, studies have found that limited health literacy skills correlate with poor health outcomes, including higher hospitalization rates […]

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Industry and company growth in Canada

October 10, 2017 Carriers

The Canadian Life and Health Insurance Association (CLHIA) recently reported that in 2016, average life insurance protection owned by Canadians surpassed $400,000 per insured household, driven by a 5.2% year-over-year increase in individual life insurance owned. ExamOne is proud to support this growing market with the recent acquisition of Watermark Insurance Services, Inc. and BW […]

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Life Insurance Awareness Month: Knowing your loved ones are protected

September 25, 2017 Uncategorized

Recently, our employees stepped up to raise awareness for life insurance at our Kansas City facility during an employee “fun” walk and vendor fair. The Life Insurance Awareness Month #Steps2Protect walk gave employees a chance to partake in some healthy exercise and talk to vendors like insurance agents, the fire department and health coaches about […]

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