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Life Resources

Learn more about life insurance with these useful materials

Life Resources

Learn more about life insurance with these useful materials

April 4, 2017 // All Resources // How to Buy

No Reason to Procrastinate: 4 Easy Ways to Apply for Life Insurance Coverage

Be honest. Do you procrastinate when it comes to things that you know you should do, but that are, well, not as exciting as watching Game of Thrones or going to the waterpark with your kids? Join the club!

But when it comes to getting life insurance, it’s not something you should put off. That voice in your head may be saying, “I’m young and healthy. Nothing’s going to happen to me.” And statistically you’re right, but you could be one of the stats. You just don’t know, and that’s the problem.

The solution is to find a way to get life insurance coverage that works for you. Many people prefer to meet with an insurance professional face-to-face, but if you know that’s not in the cards for you, the solution may be to get your coverage from the comfort of your home. Here are your choices:

Visit a Branch. 

By visiting a life insurance agent you can get one-on-one assistance from a knowledgeable professional throughout the application process.  An agent can help you assess your coverage needs and answer any questions you may have before providing you with your customized quote.

Go online. 

By answering just a few questions about yourself, such as your age, height, weight, and general health, you can get a life insurance quote online. In seconds you get a working idea of your monthly premium.

Keep in mind, a Traditional Term Life Insurance policy will still have to be underwritten, which means taking a paramed exam and answering some additional questions.

If you don't want to go through the paramed exam or are looking for immediate coverage, an "express" product such as ExpressTerm Life Insurance may be right for you. Your application is taken securely online and you only need to answer a few health-related questions on the application to determine eligibility for coverage. If you’re approved, your coverage starts right away. (So why were you procrastinating?)

Keep in mind, because it’s not underwritten in the same way as traditional term life insurance, there’s a limit to the amount of coverage you can buy this way, for this product that limit is $250,000.

Pick up the phone. 

If you like personal interaction and have questions you’d like answered, you can start the life insurance purchasing process by phone. An insurance professional can walk you through the steps, answer any questions you have, and help you apply for coverage.

Keep in mind, because it is fully underwritten, you will still need to take a paramed exam and answer some additional questions.

Go low tech. 

If pen and paper are more your style, then filling out a mail-in application may be the answer. You’ll be able to access the same professional help via telephone if you’d like, but you can start the process in the laid-back manner you prefer.

Keep in mind, snail mail will take longer than the other processes, and the paramed exam and additional questions may still apply depending on the type of life insurance you choose.

With so many options, it looks like your excuses to procrastinate may have just run out!


Policy Form Series:

Traditional Term: ICC11-1201/TL-1201 (In OR: ICC11-1201).
ExpressTerm: ICC12-1301/TL-1301 (In OR: ICC12-1301).

This is a summary of insurance provisions and does not contain all of the benefits and exclusions. For complete terms of the insurance coverage, please contact your insurance professional or refer to the policy.


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