Your Life Insurance Policy

This section looks at the life insurance policy document and the application process that you'll go through to get a policy.

If you want to make sure that you get the best coverage for your money, take some time to familiarize yourself with this subject.

Premiums can vary by as much as 50%. Enter your ZIP code on the right, and with just one short form, you'll receive quotes from several insurers in your state. Start comparing quotes today:

Use InsureME to compare additional term life and whole life quotes, and get expert advice from an agent in your area, who can help you design a plan that's right for you. Click here to fill out a quick form.

The application process

First up, let's look at the application itself, the form that you'll be filling out when applying for your life insurance policy.

Different insurers use different questions to begin judging the risk they'll be taking by insuring you, but some general rules always apply. Take a look.

Riders, clauses, and exlusions

Riders are "documents" that are often attached to a policy which modify that policy somewhat from what is normally offered by the company.

Clauses and exclusions are stipulations which are used by insurance companies to clearly states certain right that you might have, as well as rights that the insurance company itself has the ability to invoke.

The medical exam

A real biggie. In order to insure your life, the insurance company will want to know how long you're going to be around. That may be a crude way of putting it, but that's what the medical exam is for.



Next: The application form and process