What Makes The Balaban Group Unique?
For 40 years, our team has specialized in handling some of the most challenging cases, including health risks, dangerous jobs and hobbies, and jumbo limit policies in the estate planning marketplace. Instead of jumping directly to applications, we begin with an informal inquiry. With HIPAA-compliant access, we first gather all of the client’s medical records and information. We then internally underwrite and assess the risks, obtain feedback and pricing from carriers, and move forward with applications to secure the exact offer presented to us. This approach allows us to provide the best possible solutions for our clients, ensuring they know the exact insurance costs. Instead of merely quoting or guessing, we determine the precise costs before proceeding with complete applications.
The Balaban Group is here to help you make informed decisions about your life insurance needs. Whether you have ongoing health issues, have been denied coverage in the past, or need a simple-term policy, we are committed to providing a solution for you and your family.
The Balaban Group is here to help you make informed decisions about your life insurance needs. Whether you have ongoing health issues, have been denied coverage in the past, or need a simple-term policy, we are committed to providing a solution for you and your family.
Understanding the Basics of Life Insurance
Life insurance is a crucial component of financial planning, providing financial protection for your loved ones in the event of your death. It acts as a safety net, ensuring that your family's financial needs are met, even when you're no longer there to provide for them. But with so many options available, choosing the right type of life insurance for your needs can be overwhelming. Understanding the basics is essential to making an informed decision.
Term Life Insurance vs. Permanent Life Insurance: What's the Difference?
Term and permanent life insurance are the two main types of life insurance policies. Term life insurance provides coverage for a specified period, typically 10, 20, or 30 years. If you die within the term, your beneficiaries receive a death benefit. However, if you outlive the term, the policy expires, and you won't receive any benefits.
On the other hand, permanent life insurance provides coverage for your entire lifetime as long as you pay the premiums. This type of insurance also includes a cash value component that grows over time. It acts as a savings or investment vehicle, allowing you to accumulate wealth while providing life insurance protection.
On the other hand, permanent life insurance provides coverage for your entire lifetime as long as you pay the premiums. This type of insurance also includes a cash value component that grows over time. It acts as a savings or investment vehicle, allowing you to accumulate wealth while providing life insurance protection.
Accidental Death & Dismemberment (AD&D)
The Balaban Group provides personal and corporate Accidental Death and Dismemberment (AD&D) coverage as an alternative or supplement for people who can not obtain sufficient amounts of traditional life insurance.
Accidental Death and Dismemberment insurance can fill the gaps where traditional coverage falls short. It can serve as an alternative, supplement, or short-term solution when traditional life insurance falls short. With coverage exceeding $100 million per person, 24-hour worldwide protection, and flexible terms ranging from one day to three years, AD&D coverage is a vital tool in a comprehensive financial plan.
We can secure AD&D coverage for individuals who engage in avocations such as race car/motorcycle racing, boat racing, piloting, scuba diving, mountain climbing, and much more. War Risk coverage is also available for contractors working and living in high-risk locations worldwide.
Accidental Death and Dismemberment insurance can fill the gaps where traditional coverage falls short. It can serve as an alternative, supplement, or short-term solution when traditional life insurance falls short. With coverage exceeding $100 million per person, 24-hour worldwide protection, and flexible terms ranging from one day to three years, AD&D coverage is a vital tool in a comprehensive financial plan.
We can secure AD&D coverage for individuals who engage in avocations such as race car/motorcycle racing, boat racing, piloting, scuba diving, mountain climbing, and much more. War Risk coverage is also available for contractors working and living in high-risk locations worldwide.
Case study
Client
A middle-aged man was denied life insurance coverage by multiple carriers in 2022.
Situation
The client's medical history is complex, including autoimmune diseases and liver function issues. The client is also an avid paraglider and skydiver.
Assessment
The client needed family protection coverage but could not obtain it previously. He assumed he was uninsurable.
Solution
We collaborated with the client for over a year to ensure his medical test results and numbers reached healthier levels and met the required standards for most carriers. It took several months of hard work and healthier habits on the client's end. Still, we secured a Standard Non-Tobacco offer, and he was able to provide his family with adequate and affordable life insurance protection.
Result
The underwriting process can be overwhelming, especially for those who believe they may be uninsurable. If you're in a similar situation, The Balaban Group, LLC, is here to help you find a solution.
Case Studies
