Applying For Term Life Insurance? 3 Things To Keep In Mind
Thinking about applying for term life insurance?
While you may be tempted to pick the first policy you come across, there are a few reasons why you may want to reconsider this choice. Whether this is your first time shopping for a policy or your hundredth time shopping for a policy, here are 3 crucial things to keep in mind as you’re in the process of finding affordable coverage.
1.) You Will Need A Medical Exam
A medical exam isn’t a requirement for every policy so why even bother with it in the first place? Great question! If you’ve ever wondered whether or not taking a medical exam for your life insurance application was worth it or not, you’re certainly not alone. In fact, it’s probably one of the most common questions that you’ll come across when it comes to term life insurance.
Although a medical exam is not a requirement for every insurer, it will be for insurers with the best possible rates. While some insurers may advertise that no medical exam is required, more often than not these types of policies are going to end up costing you more in the long run. Which means that it is in your best interest to go ahead and plan on taking the exam.
2.) You Can Find Coverage Quickly
While you may need to plan on taking a medical exam to lock in the lowest rates, there is some good news. Once approved, you can expect your coverage to come into effect in as little as 24 hours. That’s right, your coverage will begin as soon as your application has been approved and your first premium has been paid with medically written policies. Which is great news if you’re seeking coverage sooner rather than later. While some providers may take longer than others to review and/or approve your application, overall you can expect this process to happen relatively quickly.
3.) You Can Apply Online
There’s no reason you should ever have to leave the comfort of your own home when it comes to applying for life insurance. Luckily thanks to today’s technologies, applying for life insurance is a breeze.
In fact, TermLifeInsurance.com enables you to compare quotes instantly. Best of all, you won’t even be required to provide any personal information; you’ll just need a zip code to get started. No need to spend hours researching or driving around town to find the lowest rates. A few clicks on your computer and a few strokes on your keyboard and you’ll be well on your way to finding affordable coverage.
Still have questions when it comes applying for life insurance? If so, be sure to leave us a comment below or check out our Blog for the latest info.
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