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Life Insurance For Seniors

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Life Insurance for Seniors

 

Hipaa Regulations

 

HIPAA is the United States Health Insurance Portability and Accountability Act of 1996.

 

There are two parts to the Act.

HIPAA Title I deals with protecting health insurance coverage for people who lose or change jobs.

 

HIPAA Title II includes an administrative section which deals with the standardization of healthcare related information systems. The life insurance industr typically refers to the medical release form as the "HIPAA".

 

HIPAA created mandatory regulations that require extensive changes to the way that health providers conduct business. HIPAA seeks to establish standardized mechanisms for electronic data interchange, security, and confidentiality of all healthcare-related data.

 

The Act mandates: standardized formats for all patient health, administrative, and financial data; unique identifiers (ID numbers) for each healthcare entity, including individuals, employers, health plans and health care providers; and security mechanisms to ensure confidentiality and data integrity for any information that identifies an individual.

 

 

We strive to comply with all HIPAA confidentiality rules and regulations as a matter of Law and Ethics.

 

For More HIPPA Info See Wikipedia

 

 

Feel free to use the life insurance for seniors application form here.

Senior Requirements

 

In Order To Qualify You Must Meet The Following Conditions:


  • Male 70 years old minimum
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  • Female 70 years old minimum
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  • Reasonable Health-Good to moderately impaired
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  • Applicant must complete a no fee application and medical review
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    Frequently Asked Questions

    Do I put up any collateral?

     

    No. The new policy is the only collateral needed. However, there may be occasions where you choose to. It is entirely up to you.

     

    Am I responsible for a loan?

     

    No. There are no personal guarantees required.

     

    Is this legal?  

     

    Of course. Feel free to speak to your financial advisor or attorney.