Shop and compare term life insurance quotes from highly rated carriers. You will save a considerable amount of money when you buy this way, in some cases as much as 70%.
If you are between age 18 and age 65 a medical exam may not be required when purchasing your policy. This, of course, depends on your health. you also need to be employed in an occupation that does not expose you to the type of hazard that is likely to take you out at a young age. Most carriers will issue up to $500,000 coverage, one goes as high as $1,000,000.
The Licensed agent runs through the questions with you on the telephone and sends you the Application for you to append an Electronic Signature.
The information is then submitted to the Life Insurance Company you chose for approval. In some cases you can be covered in less than 15 minutes. All carriers use the Medical Information Bureau to vet the information. They also get a Pharmacy Report which will tell them whatever medication the application is taking.
Here are some things a Pharmacy Report can uncover. The report will tell them the applicant is taking medication for high blood pressure or perhaps if the applicant is on Insulin. In these cases they will likely request an Attending Physicians Statement. Issuing a policy will take a little longer in cases like this.
A Medical Exam Is Usually Required For Protective Life and Prudential. In some cases Banner Life will also ask for a Physical.
Get Quotes for up to $10,000,000 from Banner Life, Protective Life and Prudential - These Carriers Require a Medical Exam. Banner Life, however, offers life insurance that requires no exam as well.
Why do intelligent buy life insurance? Some people buy it simply to protect the family in case of premature death. The most urgent period of time to cover are those years when young children depend on you for the basics such as food, clothing, a roof over their heads, education and so on.
Many people buy after the children have left home because there still exists a need to protect a spouse.
Life insurance is also purchased for business purposes. Sole proprietorship's, partnerships, and closed corporations buy life insurance to fund buy-sell agreements upon the death of an owner, partner or shareholder.
When we think of affordable life insurance, or affordable anything for that matter, we often, mistakenly, think of a product that would require the least cash outlay.
Many life insurance buyers find the 30 year term insurance policy quite attractive. It fulfills their needs. Who, what kind of buyer, would buy the 30 year term policy.
The 20 year term insurance policy is probably the most loved and most bought term life insurance policy. The reasons for this are pretty obvious. People tend to think 20 years when planning long term.