Life Insurance
Your Family, your Financial Well-Being
- Life insurance helps with protecting family, business protection, and estate tax planning requirements.
- Disability income protection
- Critical illness insurance
- Mortgage Term Insurance
- Travel insurance coverages
- Long term care insurance
- Group health coverages and dental plans
Hancock Insurance can provide you with the right amount of insurance to provide financial security.
FAQs
What is mortgage life insurance?
Mortgage life insurance is offered by banks and lending institutions to pay the balance of your mortgage if you pass away, have a terminal illness, or suffer an accident.
How does term life insurance cover your mortgage?
Term life insurance helps to cover all your expenses, including your mortgage payments should you pass away.
What is mortgage critical illness insurance?
This enhances mortgage life insurance if you are diagnosed with a life-threatening illness.
What advantages do I have when transferring assets to next generation?
Assets are:
- received by children tax-free and without attribution
- not subject to probate fees and estate settlement costs
- protected inside a life insurance policy
- controlled until time of transfer
Classes
Preferred Plus – You must answer “yes” to all these questions to qualify for this class
|
1 |
No tobacco or nicotine products within the past 15 years. |
|
2 |
No more than 2 moving violations within the past 5 years and no “Driving Under the Influence” within the past 10 years. |
|
3 |
No hazardous occupations or avocations or travel to hazardous areas. |
|
4 |
No history of felony arrest or drug abuse. Ask about alcohol abuse history after 10 years – some might consider it. . |
|
5 |
Citizen or residing in the country as a landed immigrant for at least one year. |
|
6 |
No family history (natural parent or sibling) of a DIAGNOSIS of coronary artery disease, internal cancer or melanoma, stroke or other life threatening hereditary disease prior to the age of 60. |
|
7 |
No history or major health conditions. No history of mental or nervous disorder. |
|
8 |
Blood pressure (without medication) between 125/75 and 145/90 depending on age. |
|
9 |
The cholesterol/HDL ratio (without medication) must be between 200/45 and 300/6 depending again on age |
|
10 |
Within 80% of the height and weight limits, see chart at bottom of this page. |
|
11 |
Not working in a hazardous occupation, such as fishing or logging. |
|
12 |
Not currently in bankruptcy. |
|
13 |
No travel to countries on government watch lists. |
|
14 |
Do not participate in hazardous sports such as scuba diving. |
|
15 |
Not taking medications for any illnesses or awaiting treatment or have doctor appointments to investigate or treat anything of concern. |
Preferred – You must answer “yes” to all these questions to qualify for this class
|
1 |
No tobacco or nicotine products within the past 2 years |
|
2 |
No more than 3 moving violations within the past 3 years, no “Driving Under the Influence” within the past 5 years. |
|
3 |
No hazardous occupations or avocations or travel to hazardous areas. |
|
4 |
No history of felony arrest or drug abuse. Ask about alcohol abuse history after 5 years – some might consider it. |
|
5 |
Citizen or residing in the country as a landed immigrant for at least one year. |
|
6 |
No family history (natural parent or sibling) of a DIAGNOSIS of coronary artery disease, internal cancer or melanoma, stroke or other life threatening hereditary disease prior to the age of 60. |
|
7 |
No history or major health conditions. No history of mental or nervous disorder. |
|
8 |
Blood pressure (with or without medication) must not exceed 140/90. |
|
9 |
Total cholesterol (with or without medication) must not exceed 240 AND the cholesterol/HDL ratio must not exceed 6.0 |
|
10 |
Not working in a hazardous occupation, such as fishing or logging. |
|
11 |
Not currently in bankruptcy. |
|
12 |
No travel to countries on government watch lists. |
|
13 |
Do not participate in hazardous sports such as scuba diving. |
|
14 |
Within 85% of the height and weight limits, see chart at bottom of this page. |
Regular Plus – Only a small number of insurance companies offer this class. If you almost qualified for preferred class, then use the Regular Plus class in your quote.
Regular – You must answer “yes” to all these questions to qualify for this class
|
1 |
No use of tobacco or nicotine products within the past 12 months (Ask about occasional cigar us which might be standard with some companies). |
|
2 |
Within height and weight limits, see chart at bottom of this page. |
|
3 |
Citizen or residing in the country as a landed immigrant for at least one year. |
|
4 |
Otherwise generally good health |
|
5 |
No hazardous sports |
|
6 |
No travel to countries with a watch advisory |
| Example of Height and Weight Table – Maximum Weight * | |||
|
Height |
Weight in Lbs. |
||
|
Inches |
Preferred Plus |
Preferred |
Standard |
|
56 |
130 |
140 |
173 |
|
57 |
133 |
143 |
176 |
|
58 |
136 |
146 |
180 |
|
59 |
139 |
149 |
184 |
|
60 |
143 |
153 |
186 |
|
61 |
147 |
157 |
192 |
|
62 |
151 |
161 |
197 |
|
63 |
155 |
165 |
203 |
|
64 |
160 |
170 |
208 |
|
65 |
165 |
175 |
214 |
|
66 |
171 |
182 |
219 |
|
67 |
178 |
189 |
225 |
|
68 |
184 |
196 |
231 |
|
69 |
191 |
204 |
238 |
|
70 |
197 |
211 |
243 |
|
71 |
204 |
218 |
249 |
|
72 |
210 |
225 |
255 |
|
73 |
214 |
230 |
262 |
|
74 |
218 |
235 |
269 |
|
75 |
222 |
240 |
277 |
|
76 |
226 |
245 |
285 |
|
77 |
230 |
250 |
294 |
|
78 |
234 |
255 |
303 |
* This is an example, if you are outside these limits let us broker your situation and see what offers we can get.