Trusted Life Insurance Guidance Since 1986

Life insurance comes in many shapes and sizes, but the different types of life insurance policies generally fall into two broad categories:

• Term life insurance
• Permanent life insurance

The type of life insurance you should buy depends on various factors such as your personal situation, your health condition and your financial goals.

Life insurance experts suggest that you have 5 to 10 times your annual salary in coverage, but your salary isn’t the only factor in determining your life insurance needs. You need to think about how much money your family will need to cover final expenses as well as current and future financial obligations, such as the mortgage, college tuition, etc. Not sure how much coverage you need? Get a free quote and we’ll help you figure out the right amount.

Yes. You may have to pay a higher premium for your life insurance, but you can certainly get some type of life or accidental death insurance coverage.

If a severe medical condition is preventing you from qualifying for traditional term life insurance, you can apply for a type of life insurance that requires no medical exam. Learn more about No Medical Exam Life Insurance.

On average, the life insurance application process takes 3-8 weeks. However, there are varying factors that can speed up or slow down the process.

Can I speed up the life insurance process?

If you are applying for traditional term life insurance, you can reduce the amount of time it will take to get your policy in force by returning all of the delivery requirements on time. In addition, be sure to take the required medical exam as soon as possible to speed up the application/underwriting process.

A life insurance policy review is an assessment of your current financial needs. At AccuQuote, we’ll review the terms of your existing policy and determine if you need more or less coverage if major life events have occurred since you first purchased your policy.

Here are some reasons you should consider a life insurance policy review.

• You want to make sure your family is adequately protected
• You wonder if you can find a more affordable life insurance rate
• You would like to see a term vs. permanent life insurance comparison
• Your health has changed for the better, or worse
• You would like to learn more about exercising the conversion option that may be available on your existing term life insurance policy.

After you’ve completed your medical exam, the life insurance company will begin to evaluate your case. This evaluation is called “underwriting.” The answers to the questions on your life insurance application, along with the results of your exam, are initially reviewed by a life insurance underwriter.

The process generally takes 3-8 weeks depending on the amount of information required for processing.

Once all required information has been received, the life insurance company will make their decision regarding whether you qualify for a life insurance policy and how much you’ll pay for premiums.