How to Buy Life Insurance

How to Buy Life Insurance

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.

  1. Figure Out How Much You Need
  2. 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.

  3. Get Your Quotes
  4. 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.

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  5. Request an Application
  6. 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.

  7. Complete Your Medical Exam
  8. 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.

  9. Additional Health History
  10. 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.

  11. Your Application is Reviewed
  12. 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.

  13. Get Your Final Rate
  14. Once all of this information is reviewed, you will get your final life insurance rate.

  15. Your Policy is Delivered
  16. 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.

LifePlan Financial

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.

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