What Is The Process For Buying Life Insurance?
At CALifecoverage.com, we make the process of buying life insurance as easy as possible for our clients. In many cases, the entire process can be completed in 5 easy steps.
Step 1 – Choose Your Terms – Choose your length of coverage, coverage amount and company of your choice. We only work with companies that are A rated or better by A.M. Best.
Step 2 : Request Application – Once you’ve set your terms, request an application for the product of your choice.
Step 3: Complete Application – We will walk you through the application process, which can be completed online. Many of our carriers use e-Signature technology for easy processing.
Step 4: Paramedical Exam – Once your application is completed, we will set up an appointment for a paramedical exam at your convenience. The paramedical exam will take about 20-30 minutes and can be done at your home before work on even on the weekend. Read more about the paramedical exam.
Step 5: Accept Coverage – Once the insurance company has completed its underwriting on your application, it will issue your policy. If you accept the terms of the offer, you are covered.
In most cases, this is how the process will flow. There may be instances where the insurance company will need more information from you or request your medical records to better evaluate your case. This will prolong the underwriting process but you can be assured that we will keep you updated every step of the way until a decision is made.