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home > policy & application > the application Your Life Insurance Application & PolicyGetting a life insurance quote is one thing; completing the application process and choosing a policy is quite another. We'll help guide you through this, most difficult, part of the insurance process.
If you're still shopping quotes . . .Good for you! Comparison shopping is the single easiest way to snag lower premiums on a life insurance policy. You need to shop around. After you've narrowed down your policy options . . .It's time to compare the coverage and prices of each. Select the policy (there can be more than one!) that fits you best and request an application. Once you've been offered a policy . . .It's time to take a good look at the fine print. Most policies carry an array of clauses and exclusions that can either better protect consumers or limit the insurer's responsibility. Learn about both types, which ones to ask for and which to avoid in our guide to clauses and exclusions. A word to the wiseNo matter how tempting it may be, do not provide any false information on your life insurance application. If the insurance company discovers any distortion of the truth, your policy can be canceled and your premiums will not be reimbursed. For more help . . .Getting the lowest possible premium on your life insurance is almost like an art form. There are many variables to consider, and to get the right balance of term length, benefit amounts, and policy riders and illustrations, you need to take a careful step-by-step approach to the buying process. |
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and is not intended to be legal and or financial advice. We make no guarantees as to the validity of the information presented.
Your particular facts and circumstances, and changes in the law, must be considered when applying insurance law.
You should always consult with a competent financial planner, attorney, or insurance professional licensed in your state
with respect to your particular situation. YMMV.
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