There are endless excuses to not buy life insurance – it’s too expensive, you have health issues, or you don’t have time to look into it. But it’s actually not too hard to buy life insurance when you follow these steps and use the tools from LifePlan Quote. Here’s our guide on how to buy life insurance.
- Figure Out How Much You Need
- Get Your Quotes
- Request an Application
- Complete Your Medical Exam
- Additional Health History
- Your Application is Reviewed
- Get Your Final Rate
- Your Policy is Delivered
It’s important to figure out how much life insurance you need so you have enough to cover your family. You also don’t want to pay for coverage that you don’t need. How much life insurance you needs depends on how much debt you have, how many kids you have, your monthly expenses, your mortgage payment, etc. To calculate how much you need, use this guide to help you. Then calculate your costs with our life insurance calculator.
Getting quotes from different insurance companies will ensure that you get the best price for the right policy. You can use our quoting tool to get an idea of how much you will pay monthly for life insurance.
Once you fill out the quote form and find a plan that interests you, click on the “Request Application” button, fill in your contact information, and we’ll send you an application form.
The medical exam for life insurance is a free exam. During this exam, someone comes to your home or office, takes urine and blood samples, and checks your vitals to get a better understanding of your overall health.
An underwriter will review your medical exam results and decide if they need additional details of your health history. If they don’t need more details, then you can skip this step. The underwriter may ask your for more details or contact your primary physician.
An underwriter then reviews your application, checks your records with past insurers, and looks at your DMV record. They may also look at your pharmacy registry to see if any medications were not disclosed.
Once all of this information is reviewed, you will get your final life insurance rate.
Your policy will be delivered for review, your signature, and your payment. Then you will be insured! Make sure the premiums are always paid on time to ensure that your policy doesn’t lapse.
At LifePlan Financial, we pride ourselves on our quality work, our honesty to our clients, and the reliability we provide. Getting life insurance doesn’t have to be a hassle when you use LifePlan Financial. Contact us today for any questions or get an instant term life insurance quote to get started.