“You can apply for life insurance through life insurance agents, the mail, and online. In addition to basic information, such as your name, address, employer, job title, and date of birth, you’ll be asked for more personal information. Depending on the type of policy, the insurer may require you to see a doctor, answer health-related questions, or have a medical professional come to your home or office to assess your health. Usually a policy that doesn’t require detailed health information will cost more and provide less coverage than one that does.
It’s important to tell the truth on the application. The insurance company will check your answers so review the application before you sign. If the insurance company discovers false statements on your application after it issues your policy, it could reduce or cancel your coverage.” – National Association of Insurance Commissioners (NAIC), Life Insurance Buyer’s Guide.
The form that was developed on our Quotes Page contains, more or less, the typical questions asked by majority of Life Insurance Companies. I developed it here for those who are wondering about the process and how much time it takes. You can review the page at:
https://www.shallhelp.com/begin/
Then, the case would be assigned to a Licensed Agent to research which among the 11 Carriers we represent, has the higher probability of accepting the application, based on the Underwriting Guides that we have. We can also then run the numbers and quotes and then give you a call so you can decide on the Options.
If you decide to go on ahead with an Application, prepare the following:
- Social Security Number
- Driver’s License or State ID Number
- Bank Details (Routing Number and Account Number)
The Insurance Company needs those three, because they also will run their own research as to your insurability. Your Health Information is attached to your SSN, so they run a Medical Information Bureau (MIB) Check and Prescription Background Check. They need Driver’s License Number to also check insurability eligibility. They need the Bank Account, because if their research shows that you are insurable, they will draft your bank for the first premium amount.
Once you’re Insurance policy is approved and considered In Force, or Active, you will also receive an emailed policy and a mailed paper copy of your Insurance Policy.
You have a 30 Day “free look” period – and after that, it becomes the Life Insurance Policy Contract that is binding, for as long as premiums are paid on or before their due dates.
Peace of mind is priceless. So. let’s get started at:
https://www.shallhelp.com/begin/