Term life online - Term life application process
Once you have decided on the right term life insurance plan, what's the process of applying for the actual coverage?
Let's now take a look at the term life insurance enrollment process.
The first step is to complete your term life insurance application.
This is the formal contract between you and the carrier to establish coverage.
Each carrier has a slightly different spin on the application but the key items are the same.
We provide online downloadable application for the major carriers at our Term Life Insurance Application center but...
That's not the best way to apply!
Why??
The rates you see online are really estimate other than for no medical exam/no questions plans.
Even for the non-medical exam plans!
When we actually go through your health status, history, and all the other small factors that dictate your final rate, there will probably be another plan which will work much better.
Each carrier has their specific niches that the focus on.
Seriously
There's no way to know this from an online quote.
This is where we come in
Just call 800-710-0455 or email us.
You can also start the process with the online quote here:
With a quick 5 minute question/answer session, we can narrow down the best priced option for you.
More importantly to this article...
Now, a closer look at the life insurance application (in whatever form).
Let's look at the major sections of the term life application.
The first part of your application is the general information.
This is pretty self-explanatory but you want to make sure to be precise when dealing with such a contract.
The life insurance beneficiary section of the the term life app is critical.
This where you officially state who will receive the life benefit if the coverage is triggered.
It's very important to be exact (i.e. don't say spouse but specify person's name and SS#), and to keep the designation current once the policy is established.
You can find more important information in our term life insurance beneficiary section about the do's and don'ts regarding beneficiaries.
This part makes up a great part of the term life application.
Life insurance application health history sections can even be more involved than health insurance applications.
This is because term life insurance carriers are concerned with a different set of underwriting risks than health insurance carriers.
What makes a person sick may be very different than what causes death.
In insurance parlance, it's call morbidity (sickness) versus mortality (death).
Term life insurance apps can even delve into family history as many mortality underwritten issues have a family or genetic basis.
Heart disease is an example of this.
The carrier have various health classes or tiers according to your health and health history at the time of applying for coverage.
Habits that impact health such as excessive drinking or smoking can also affect your final rates.
Once the term life insurance application is complete, you are officially in the underwriting process.
There are then two possible processes.
Medically underwritten plans versus non-medical exam plans.
You can find more on no-medical exam plans here.
The next big step with this option is the paramedical exam.
There is typically no cost associated with this exam.
The carrier contracts with companies that schedule an appointment with you to complete a blood test and physical exam at your location.
Such issues as high cholesterol, blood panel irregularities, height/weight can be detected and factored in the carrier's final rate offer and/or the ability to qualify.
The application and the paramedical test make up the primary parts of the term life insurance enrollment process.
The time it takes to process and receive back a decision depends on the carrier and your given health situation.
Either way, we as licensed term life insurance agents are here to help assist you with this process.
Just call 800-710-0455 or email us.
Again, there is absolutely no cost to you for our services. Call 800-710-0455 Today!
and more!
20+ Years EXPERIENCE
"No Thank you. You've been so helpful time and time again!"
"Thank you SO SO much for all your help. I have to be honest, this insurance stuff was making me so nervous. Thank you again for your assurance"
"Anyway, I hope you got some time off this past week! Thank you again for your help and efforts on my behalf! I was very lucky to find you."
"Thank you so much! Very happy with service. If there is any way I can contact supervisors to let them know about your great service let me know"
"Yay! Thank you so much. YOu guys most definitely made it so much easier!"
"You are awesome... takes a huge worry off my back, thank you for your kind. thanks for your time and kindness. !!"
"Wow, I can't thank you guys enough for your help...I couldn't imagine trying to tackle this on my own!"
"Thank you so much for your marvelous work. Can't tell you how much I appreciated you taking care of this. You are simply the best!"
FAST TERM LIFE INSURANCE quotes online
We are licensed term life agents with comprehensive insight of term life plans, options, and eligibility.
We'll quickly see if you have the best priced term plan on the market
877-449-6387This website is owned and operated by Goodacre Insurance Services, which is solely responsible for its content.
