Listed below is a detailed outline of the typical process of applying for life insurance, what you need to know and do help you protect your family in case of emergency.
Step 1. Get a Quote.
And by ‘quote’ we mean a side-by-side comparison of several bids from some of the most trusted carriers in the industry.
You can start the quote process online. If you start the process online you have the option to view a ballpark quote almost instantly, but we’ll still need to give you a quick call to further customize the quote and help you evaluate your options. Its time well spent. One last thing, remember that quotes are only an estimate and are subject to a medical exam.
Step 2. Choose your insurance.
Now that you have your personalized quote with bids from a variety of carriers, it’s time to choose the plan that suits you best. I suggest going over the options with your agent in detail if you’d like a bit of experienced and unbiased perspective. An ‘unbiased’ agent should not really doesn’t care which carrier you choose since they will earn their commission either way.
Step 3. Get a Medical Checkup.
You will most likely need a medical exam before your policy can become active, typically takes just 15 to 20 minutes, and your results will be strictly confidential.
Want to ace your exam? Follow these tips to get the best results possible:
1. Schedule for early in the day at a time and place you feel relaxed
2. Avoid fatty foods, rich desserts, and alcohol for several days beforehand
3. Do not eat or drink anything but water for 8 to 12 hours beforehand
Step 4. Receive a decision.
It’s decision time. Your selected Life Insurance carrier will give you their final decision on issuing you a term life insurance policy. We have many more Insurance Help Articles Now Available.