Choosing Excellent Insurance Coverage

What Happens When You Get A Life Insurance Quote

Are you considering life insurance but unsure where to start? If so, know that getting life insurance is a bit different than getting home or auto insurance. Here is what you need to know about the process of getting life insurance.

Apply For A Quote

You need to reach out to a local life insurance provider so that you can let the company know that you are interested in life insurance. You'll provide some basic information about yourself so that the process can get started. An insurance agent should then reach out to you to follow up on getting a quote.

Provide Information About Your Medical History

The next step will involve providing the agent with information about your medical history. Since life insurance uses a variety of different factors to determine your premiums, you'll need to provide information about your current health and medical issues you have had in the past to figure out if they have an impact on the premiums that you will pay. 

It's important that you are honest about the information that you provide to the insurance agent because anything that is discovered later can potentially impact how much you will pay for life insurance. You do not want to get caught off guard later on in the process, so be open and honest about your medical history now.

Receive A Medical Exam

You'll need to visit a doctor to receive a medical exam before you are approved for life insurance. The exam is fairly routine since the insurance provider wants to verify your current health condition and that it matches the information you provided earlier in the application process. The exam information is provided to the insurance provider, who will then approve or deny your application for life insurance. 

Pick The Type Of Life Insurance You Want

There are going to be several types of life insurance plans out there, and you need to pick the one that is best for you and your family. The common options you have to pick from are term life, whole life, and universal life. Term life will be the most affordable option for life insurance, which covers you for a set number of years where your family would receive a death benefit if you were to pass away. Whole life and universal life are types of permanent life insurance coverage, with universal life insurance having an investment aspect to the policy where you can borrow from it before you pass away. 

Contact a company that provides life insurance services to learn more.