Here are a few guidelines for applying for life insurance.
If applying for Term or Permanent insurance that is medically underwritten, you can fill out a long application with all your information, or you can often do a phone interview directly with the life insurance company to complete the application. You will then be scheduled for an exam in your home or other place of your choice. When you are approved and the policy is received, you have a month to look over the policy before deciding whether to keep it.
If applying for a No Exam policy, you may do the entire application on the phone with your agent, sign it digitally, and have a policy within days. You usually need to have a checking account so they can draft the first premium.
With all life insurance policies, you will need to provide contact information and Social Security Number. For most, you will provide health details and permission for the life insurance company to order your medical records if needed. Your information is protected and kept private.
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If applying for Term or Permanent insurance that is medically underwritten, you can fill out a long application with all your information, or you can often do a phone interview directly with the life insurance company to complete the application. You will then be scheduled for an exam in your home or other place of your choice. When you are approved and the policy is received, you have a month to look over the policy before deciding whether to keep it.
If applying for a No Exam policy, you may do the entire application on the phone with your agent, sign it digitally, and have a policy within days. You usually need to have a checking account so they can draft the first premium.
With all life insurance policies, you will need to provide contact information and Social Security Number. For most, you will provide health details and permission for the life insurance company to order your medical records if needed. Your information is protected and kept private.