Frequently Asked Questions

Most frequent questions and answers

How long does it take to get a life insurance quote

Our quoter can give you a quote in 2 minutes or less, however, because underwriting your initial quote is subject to change due to medical history.

Is life insurance expensive?

The longer an individual waits to obtain life insurance the more expensive premiums  can be. However, if you are in good health, many clients have found premiums to be reasonable and tpically fit within a planned budget.

How long does the application process take?

Applying for life insurance is the beginning and only requires the client to provide personal information the insurance company requires. However, underwriting can be lenghty if the insurance company requires medical examinations and medical records. Typical full underwriting process can take up to 30 days.

How much life insurance should I apply for?

Depending on your income and situation, the amount of life insurnace reccommended by your agent is determed by first your age, health and current life style. A family with four small children,  two working parents may need more life insurance than a pre-retiree who is on a fixed income.

Do I need a medical exam?

Short answer yes, however, there are situations where insurance companies can bypass a medical exam due to COVID. However, most companies require a blood draw and urine test before approving an individual for life insurance.

What is a underwriter?

An underwriter works for the insurance company and task is to classify how risky or not an individual\ is rated. This invites also the opportunity to be declined by an insurnace company and can make the approvals
from other companies a more dificult task.

Can I apply for coverage if I am a smoker?

Yes, although your premiums will be slightly higher compared to someone who is not a smoker and of same age and health, however, an insurance comany will insure smoker as long medically the individual is healthy.

Can I apply for coverage if I contracted COVID?

Yes! COVID is not a chronic disease or virus. However, you should wait up to thirty days  after you have tested positive for COVID.

Will my life insurance pay out?

As long as premiums are paid, yes your life insurance will payout if an unsuspected death
were to occur. Additionally, some policies will allow you the option to choose how many years a pplicy can
be paid for. For example, you can customize a whole life policy to collect premiums for
10, 20 or 30 years, at this point the policy is considered “paid-up no more premiums are due
, which means the insurance and other benefits are wholey owned by the insured or owner.

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