Life insurance is beneficial at every stage of your life. Knowing what type of policy will work best for you and the process you need to go through to get the type of life insurance will ensure you get the right policy and amount that will allow you to achieve your financial goals. The standard application process has only a few steps and can be completed quickly when working with a reputable agent.
There are several different life insurance policy options to choose from. The term, whole, and universal all provide sufficient coverage, but each serves a specific purpose. It's essential to understand your needs before contacting your insurance agent. Once they know what you are trying to accomplish, they can help you find the right policy in the right amount and streamline the application process.
Your agent will provide you with quotes for the policies that will work best for you. Once you know which policy you would like, you will fill out the application and work with the underwriter to discuss your family history and other important factors that may influence their decision to provide you with a policy. This normally takes less than 30 minutes, and we will give you an answer in just a few hours.
If you already had life insurance in the past, applying for a new policy may be considered a policy replacement. If it is determined that your current application is a replacement policy, you must complete a few additional forms. In most cases, these are already included with your application. Complete them as promptly as possible and return them to your agent. This is required by law, with each state having its requirements that must be met.
Medical exams are required for most life insurance policies. A registered nurse can complete the paramedical exam needed to meet the requirements of the life insurance underwriters. Medical exams usually include urine and blood samples, blood pressure, height, weight, and a completed questionnaire. Other tests may also be required depending on your age, including an EKG or mammogram. Your insurance agent will provide you with a list of Dos and Don'ts to follow before having your medical exam.
Once the insurance underwriters have all the information they need, they will go over everything and either deny your application or write a life insurance policy to help you achieve your goals. This will include the actual cost of your premiums, unlike your original quote, which was just an estimation of what your premiums could be based on your provided information. The underwriting process can take three to six weeks from completing your application.
When you are ready to apply for a life insurance policy, you want to work with a reputable insurance agent you can trust. Contact the agents of Fuller Insurance Agency to start the application process. Life insurance doesn't have to be confusing. Contact us today to get the answers you need!