Being able to save money and secure the lowest life insurance rates revolves around using a strategic game plan from the very beginning. Working around medical conditions, hazardous sports or having a dangerous occupation will create more obstacles in the road which will make your quest for the lowest rates more challenging.
Having health conditions cannot be helped. If you have medical conditions like many applicants do which will put you in a high risk life insurance category, you will just have to work with them due to the fact there is no magic wand to make them suddenly go away to make it easier to apply.
First things first, make sure to locate an experienced life insurance professional to help you right from the get go so you don’t waste any valuable time.
There is nothing wrong with researching life insurance plan designs, premium quotes and life insurance companies on your own. The only side effect is the average person with no formal training or experience will not have the expertise a life insurance agent or broker will have. If you have an accident with your vehicle you head for a good body shop that employees skilled repair technicians. If you experienced a storm than damages your home you look for an experienced carpenter to do the repair.
The reasons for this is simple, you don’t have the experience and knowledge to do a first rate job yourself. You seek out a professional because you want the job done correctly. The very same concept applies to finding a good life insurance agent. The only difference is you don’t have to pay your agent or broker one thin dime to help you!
Make a list of any health conditions or any other factors that have to be dealt with when looking for the low cost life insurance quotes you are searching for.
If your application is not going to be squeaky clean, your agent can run a pre-screen before you apply so you don’t have any unforeseen surprises during the underwriting process. This is very important so your agent can utilize the most appropriate life insurance company which will offer you the lowest life insurance rates. If you apply with a carrier that will be sensitive towards your health conditions, you will be starting out on the wrong foot so to speak. All life insurance companies underwrite their policies differently and have their own opinions concerning specific health conditions, hazardous sports or dangerous occupations.
An experienced agent will prevent you from making this mistake. Keep in mind that life insurance companies can easily find out in minutes if you applied with another company. This means submitting an application to a company that comes back with undesirable decision which promotes you to re-apply with another company will be starting out on the wrong foot again.
Begin your application and always remember to completely tell the truth in every step of your quest for low cost life insurance during the application process.
The biggest mistake you can make is failing to disclose information that is being asked for by the underwriting department. Whether you are using a paper application, online application or telephone application system, always tell the truth on every question that is be asked of you. Some people try to conceal information that they believe could be a potential problem for them.
Not telling the truth will blow up in your face every time and your application could end up one day being rescinded or a claim being flat out declined. This would be a financial disaster for your dependents that need the life insurance payout to live a normal life after your demise. A life insurance policy is nothing less than a legally binding contract that would be contingent on you telling the truth.
Be very careful what you eat or drink before your Para-med visit. Don’t shoot yourself in the foot!
When it comes time for your Para-med nurse visit, remember not to drink any caffeine containing products like coffee or tea which would elevate your blood pressure. This would give the test results a false reading of your blood pressure and you could easily be demoted in your expected rate class. The same thing would hold true for eating greasy and high sodium containing foods such as Pizza the day before. This famous food product could spike your cholesterol reading from the grease and the high salt content could cause you to hold extra body water causing you to weigh more and increase your blood pressure at the same time.
The underwriting department would review you exam results and interpret the results for what they are and that would be indicating high blood pressure and high cholesterol. Naturally when a nurse stops over to do an exam, most people get nervous at the thought of a blood test. Just try to relax, being nervous will only elevate you blood pressure.
Your final phase of your life insurance application can be a telephone interview to begin wrapping everything up.
The final phase will be waiting for the final decision and very possibly a telephone interview or two to start wrapping up the final stages of the application process. When you are being interviewed on the phone, the same thing holds true for making sure to answer the questions honestly. At this point it will now become a waiting game where you will wait to hear back from the company.
Anytime you apply for affordable term life insurance and go through the full underwriting process the carriers take their time to make sure they are going to be confident they are making the correct final decision for your best interest and theirs. If you follow these simple guidelines with the help from your agent, you should be receiving the best life insurance rates possible. Our quoting system is free for you to use to compare life insurance quotes from over 40 of the most trusted life insurance companies on the market today.
If you have any questions or need any help understanding any of the life insurance products, please don’t hesitate to call us. There is no cost or obligation for our assistance. Thank you for reading our blog post titled Buy Term Life Insurance without Breaking the Bank.