1. 11783 POINTS
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    It may. Most companies get your authorization to secure a credit report when you apply for coverage (read that last page, lots of stuff in there) as an option they can use when underwriting a policy. The depth of how far they go may depend on how big a face amount you're applying for. The bigger the face amount, the more information required.
    Answered on April 18, 2013
  2. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    Not all life insurance companies require a credit check, but it is a present trend in the industry. You’re ability to pay bills on time may reflect your ability to pay premiums on time. Some products, like guaranteed universal life may be time sensitive with scheduled premium events. It’s important to know you’re the company’s procedures if your credit score is questionable.
    Answered on July 2, 2013
  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Life insurance underwriters do not bother to check credit on smaller policies, but they may check credit on policies with a large face amount or large premiums. If the credit score is extremely bad, the policy may be postponed until some attempts have made to improve one's credit score.
    Answered on July 2, 2013
  4. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! In the vast majority of cases, life insurance companies will not check your credit rating. In many cases your agreements section of your policy may give them the right to check, and if the value of the policy is high enough they might, but that's pretty much the only times that I know of. Most often, it's your medical history, your prescription history, and occasionally your driving record that they will check. Thanks for asking!
    Answered on July 28, 2014
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