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What to Expect When You Apply for Life Insurance
Knowing what to expect when you apply for life insurance can help make the process simpler and easier.
Life Insurance Application Process
First get a quote by calling us at 484-919-5423. By answering a few questions we will quote you the best available for you requested coverage in the marketplace for your age, gender and health classification.
Then we can help you schedule a medical exam at no cost to you (unless you get a simplified policy - see No Exam Insurance). The life insurance medical exam is used to determine your eligibility and finalize your rate. To make this process as easy as possible, you can choose the date, time and location of your life insurance medical exam (e.g. home or work), and a nurse practitioner will come to you. The medical exam is simple and shouldn't take more than 30 minutes.
The Day Before the Life Insurance Exam
Get a good night's sleep
Avoid over-the-counter medications like antihistamines and nasal decongestants (continue taking any prescribed medications)
Drink lots of water
The Day of the Exam
Drink a lot of water and eat a light meal
Avoid exercise before your exam as it can raise your blood pressure
After the exam, underwriting begins. Underwriting is the process in which the insurance company reviews your application and assesses your insurance risk. Be patient in this stage; the process may take a few weeks as they may need to request doctor's records. Ask us how you can get temporary coverage in the meanwhile.
What could affect your life insurance premiums?
Your age
Your physical and mental health
Tobacco use
Your driving record
Your family medical history
High risk activities like skydiving, flying a plane or bungee jumping
ANY OTHER QUESTIONS?
We are based in Devon, Pennsylvania so we are glad to meet you in person if you are local otherwise feel free to email us with any questions at contact@terms4less.com
or call me directly at 484-919-5423.