Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
Life insurance applications will vary in length and content, depending on the carrier.
Of course, there will be many medical questions ranging to short-term issues and perhaps going back to any condition or treatment since birth (if considered relevant to the underwriting of the policy).
There will also be non-medical questions that may pertain to your financial situation, your relationship to the proposed beneficiary or hazardous sports and hobbies that you participate in.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
The number of questions is going to depend on the cost. Life insurance rates tend to go lower with more questions. Usually an application will ask for information about where you live, where you're from and what your work is and income level. There will be health questions, activities that you participate in and possibly why you are applying for insurance.
The number of questions on a life insurance application varies with the type of application it is. If guaranteed issue life insurance, the only questions that will be asked are personal and contact information. That is because they do not base rates on health; everyone who applies gets the same rate. This makes the premium high for those who have good health, and the policy will be graded. But the policy is easy to get.
With simplified issue life insurance, there will be more questions, and the application may be accompanied by a phone interview. The questions will include some health questions, tobacco usage, and most will ask about height and weight. The rates for this type of policy as usually not as high as guaranteed issue and not as low as medically underwritten life insurance.
The applications for medically underwritten life insurance will usually have the most questions. They will ask about dangerous hobbies, family history, bankruptcies, past crimes, substance abuse, foreign travel, and more detailed health questions. In addition, they may order medical records from your doctor. While the most thorough, medically underwritten life insurance can deliver the best rates for those of very good health, and also can provide more coverage than the other types of life insurance offer.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Some life insurance applications have as few as three medical questions; others have pages of medical questions. The administrative portion of the application is going to be fairly consistent but there are legal requirements that must be met. Insured must be identified, beneficiary must be identified, and premium/plan and dates must be included.
.JPG){kind=avatar}
Of course, there will be many medical questions ranging to short-term issues and perhaps going back to any condition or treatment since birth (if considered relevant to the underwriting of the policy).
There will also be non-medical questions that may pertain to your financial situation, your relationship to the proposed beneficiary or hazardous sports and hobbies that you participate in.
With simplified issue life insurance, there will be more questions, and the application may be accompanied by a phone interview. The questions will include some health questions, tobacco usage, and most will ask about height and weight. The rates for this type of policy as usually not as high as guaranteed issue and not as low as medically underwritten life insurance.
The applications for medically underwritten life insurance will usually have the most questions. They will ask about dangerous hobbies, family history, bankruptcies, past crimes, substance abuse, foreign travel, and more detailed health questions. In addition, they may order medical records from your doctor. While the most thorough, medically underwritten life insurance can deliver the best rates for those of very good health, and also can provide more coverage than the other types of life insurance offer.