Two years ago I applied for a $1M life insurance policy with a company I already was insured with. This was because my current policy was one that converted from my old employer. I'm not sure I'm using the right terminology here but it was a group policy a that I converted to an individual policy. Two years ago I was told that I was paying somewhat higher rates because this old group policy had premiums that assumed a certian number of people in the plan would be smokers, etc. I do not smoke and never have. So, it seemed like a good idea to apply for a new policy to obtain a better rate. When I did this the medical exam found that I had elevated liver enzymes. My agent told me that I should keep my original policy for now and re-apply down the road. Well, here it is two years later (after some lifestyle changes) and I just had a complete physical with my doctor and a gastroenterologist. All of my liver enzyme levels are now well within the normal range - as well as everything else. I have no medical issues except that I take medicine for hypothyroidism.
My question is, should I reapply now? Should I go back to the same agent or a new one? The original agent was very professional and I have no concerns about him but I'd like to know if there is some reason to start fresh. I requested a copy of my MIB records but do not have them yet. Will an entry in my MIB records influence the best path here? I am 49, male, married with kids, not overweight, do not smoke, no financial or credit problems, and it good health. Decreasing my premiums would sure help with my bills.
Thank you in advance.
My question is, should I reapply now? Should I go back to the same agent or a new one? The original agent was very professional and I have no concerns about him but I'd like to know if there is some reason to start fresh. I requested a copy of my MIB records but do not have them yet. Will an entry in my MIB records influence the best path here? I am 49, male, married with kids, not overweight, do not smoke, no financial or credit problems, and it good health. Decreasing my premiums would sure help with my bills.
Thank you in advance.