Do you have a plan in place to protect your family’s financial future? Having life insurance is a great way to be able to continue to provide for your family should something happen to you. You may have the perception that the process of getting life insurance is too complicated or too expensive – but that is not the case. As with most things, today’s technology has streamlined the process to make it much easier, faster, and well worth your time.
It is important to have a plan in place to ensure your family’s financial security. Here is what you can expect when going through the steps of securing life insurance.
Determine Your Life Insurance Needs
Get a Quote
Submit an Application
- Basic contact information
- Social Security Number
- Driver’s License number
- Date of birth
- Gender
- Marital status
- Occupation
- Financial information (e.g., salary, net worth)
- Health and medical information (e.g., height, weight, medical conditions, prescriptions, family history)
- Nicotine or Tobacco usage information
- Beneficiary(s) name
- Beneficiary(s) birthday
- Beneficiary(s) social security number
It’s important to be truthful about your entire medical history, lifestyle choices, and personal information. This will help your insurance company find the right plan for you and help your loved ones avoid complications later on. If it is found that you didn’t tell the truth on your application, or didn’t disclose all medical history, your insurance company can deny your application or deny your family a payout.
Interview with the Carrier and Possible Medical Exam
The Decision
The insurance company will compile all of the information from your application, interview, medical records, and possible medical exam and provide you with a proposal. This process can take anywhere from 48 hours to 6-8 weeks depending on medical background and the process of obtaining your medical records. You’ll have the option to approve, deny, or request changes to the proposal. If you choose to approve the decision, congratulations – you are all good to go! If you deny their offer, you may need to start the process again or complete another interview and underwriting process. If you’d like an objective opinion before making your decision or requesting changes to the offer, we are happy to review the proposal with you.
While there are several steps to securing life insurance, it’s well worth your time today to secure your family’s future tomorrow. We’re happy to help you along the way by simply answering your initial questions or guiding you through the entire process.
