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I did the prudent think when I was employed. It’s about the only long range life planning I did. Life insurance and long term care insurance.

I bought life insurance equal to ten times my annual income. Luckily, the rates were affordable because I didn’t fall into a high risk category.

Life insurance companies vary in their qualifications. Some only ask basic questions like:

o Gender
o Age
o Smoking Habits
o Height
o Weight
o Health History

The following are some of the things that are considered high-risk to life insurance companies.
o Smokers
o Heavy Drinkers
o Drug Abusers (even if clean, a history of drug use places a consumer into this category)
o Obesity
o People with type 2 diabetes
o Senior Citizens
o Those with a Family History, where parents or siblings were diagnosed with Cancer orHeart Diseases prior to the age of 70.

I had the full blown physical exam and personal interview about my living habits and lifestyle. Luckily I didn’t have to find out about high risk life insurance quotes. I did ask about expat health insurance too.

When I was in the old country, I started the ball rolling to reduce the coverage on my life. When Nanc and I discussed the amount, her only comment was:

“keep enough to make me rich when you die.”