Alternatives to Time Insurance
originally posted: 11/22/2006 revised: 8/8/2011
Q: I have had a policy with Time Insurance but the rates have gone up astronomically. We are all in good health, live in CT, and have had no claims on the policy. What do you recommend as an alternative?
A: Yes, your insurance company prices existing policies older than new policies and puts restrictions on older policyholders from qualifying at their best rates. The easiest alternative is Celtic Insurance. This is a top quality insurance with comparable policy types, including high deductible Health Savings Account plans and "Celtic Basic" plans in most states. Pricing and application are available directly online but you must be in very good health and provide a have a copy of your medical records in your possession to provide to the underwriter on request. (If you wait until after the request to gather the records the application will expire). There are other alternatives but these are not available online. You must work through an insurance agent or OnlineAdviser service. If you have some medical history, it is best to work with a non-commissioned adviser rather than an agent to help with those types of policies.
UnitedHealthOne and Celtic Insurance are the two most likely replacements to upgrade coverage or reduce cost of a Time Insurance Company policy.
More resources:
OnlineAdviser email enrollment support service for the Freedom Benefits insurance exchange