I make the process of buying life insurance extremely simple.
We have access to a wide range of life insurance companies so we can survey the marketplace and based on your individual rating criteria, find the best possible life insurance policy at the best price.
Life insurance is based on two main variables — your age, and your health.
I only offer term life insurance, sometimes referred to as ‘pure’ insurance. Term has no savings component. A meeting with a professional investment consultant is best to establish savings for retirement/children’s college/etc.
How much life insurance do I need?
A mistake that we often see people make is basing their life insurance coverage on a guess, or just grabbing a number out of thin air without realizing what the impact of inflation could have on their life insurance proceeds.
One of the benefits of working with an independent agent like us is that we can sit down, and through a comprehensive needs analysis, determine the exact amount of coverage you will need to protect the people who depend on you.
The amount of coverage you need depends on a number of different variables. Here are a few examples:
how many children you have
your future earnings potential
whether or not you’re married
spouses future earnings potential
you and your spouses age
amount of debt you have
Below is a description of a typical life insurance application process. It can usually take about two months from start to issue.
The initial application is taken and submitted to the life insurance carrier. A best time and contact is provided to the carrier for a follow up interview.
The insurance carrier’s contact center will call at a mutually convenient time for more information. This will take 20 minutes. You’ll need your doctor’s name and address ready, and a list of any medications being prescribed. The contact center will arrange a pre-med exam which consists of verifying height/weight, blood test (finger), and additional information as required. This is submitted to the carrier.
The carrier will also request a physician’s report from your doctor. This can take a couple weeks to obtain.
The medical information is underwritten once received, and the underwriter makes a decision to accept as proposed.