|
How much life insurance do I need?
How long should I have protection in place?
Do I need to have a medical exam?
Can I be sure that my information stays confidential?
How does TermQuote® select the companies it represents?
What is the process for getting a policy?
How long does it take to get a policy?
Can I have coverage during the time my policy is getting approved?
How much life insurance do I need?
Most financial planners recommend that an individual secure coverage in the amount of
seven to ten times your annual income. However, individual needs may vary based upon
a number of factors. To determine a quick calculation of the amount of coverage you might
need, go to our insurance calculator. Should you need a more in-depth
financial analysis please contact our office and let Kenneth Ingram, practitioner, our
CERTIFIED FINANCIAL PLANNER
™
determine the right amount of coverage for you and your family.
Return to Top
How long should I have protection in place?
Life insurance is designed to provide your beneficiaries with a continuous stream of interest
income for years to come. You will need to determine the number of years your beneficiaries
will be dependent upon your income. Most companies allow you to lock in rates for 5, 10, 15,
20 or even 30 years (guarantee levels vary by age and state restrictions). While most clients
choose to purchase a 20 year policy, a TermQuote® representative can assist you with
determining the right coverage for you.
Return to Top
Do I need to have a medical exam?
Yes. All companies require you to take a brief paramedical exam, which consists of a
blood and urine sample. The exam is free and can be scheduled in your home or office,
at your convenience. Most companies suggest that you fast for at least 8 hours prior
to your scheduled exam which usually takes less than 30 minutes.
Return to Top
Can I be sure that my information stays confidential?
YES! TermQuote® never sells your name, address or other personal information to others.
You can feel secure in knowing that only TermQuote® and the insurance company you select have
access to your information.
Return to Top
How does TermQuote® select the companies it represents?
TermQuote® is independent of any insurance company. We provide an impartial selection of the safest
and most competitively priced term life policies available to you. TermQuote® constantly monitors
over 1,500 of America’s life insurance companies to make certain that we always offer the best
values as well as the most financially sound options. TermQuote® only deals with companies
receiving a rating of A or higher with A.M. Best. This guarantees you only the highest quality insurance
companies you know and trust.
Return to Top
What is the process for getting a policy?
First your TermQuote® agent will mail you the appropriate application for the coverage you are applying for.
When you receive the application, complete all highlighted areas and mail it back. Once your signed application
is received, you will be contacted to schedule the required health exam. After the exam is completed, the insurance
company will begin looking through your application, exam results, and any medical records they decide to order from
your physicians. Once the insurance company has made their approval decision, your TermQuote® agent will contact you
and mail you the policy.
Return to Top
How long does it take to get a policy?
Since every policy is unique, they all require different amounts of time to get approved. Typically, policies
take about 5 to 6 weeks from the time the exam is completed.
Return to Top
Can I have coverage during the time my policy is getting approved?
Most people do qualify for temporary coverage while they are going through the application process.
If you are interested in the temporary coverage, please contact your TermQuote® representative to
find out if you qualify, and the requirements to get this coverage.
Return to Top
|
