How do I Qualify for Life Insurance?
Quick Answer: An underwriter at the insurance company looks at your application and decides.
How do I Qualify for Life Insurance?
When you’ve made the decision to purchase some form of life insurance, here’s what you should expect.
The insurance company needs to ask you a series of questions. They need to get to know you, so they can figure out whether you qualify for coverage, and if you do, how much to charge. In other words, they want to know how likely it is that you’ll die an untimely death.
They’ll ask you a series of health and lifestyle related questions including your alcohol consumption, drug use and whether you participate in any extreme sports (sorry daredevils – your premiums might be higher than normal). They might also ask about your family history to see if you’re predisposed to any hereditary illnesses.
They might also send a nurse around to your home or work to collect blood and urine samples or run other tests.
Sound mildly unpleasant? Don’t worry; it’s not that bad and there are many options where you might not have to jump through so many medical hoops (especially if you’re young and healthy).
The insurance companies we work with will be transparent about what they’re testing for and we’re here to help every step of the way.