Life Insurance Checklist

Get step-by-step guidance to help you understand, prepare for, and confidently apply for the right life insurance policy.

Your Life Insurance Checklist: What to Know Before You Buy

Buying life insurance doesn’t have to be confusing. We’ve created this simple checklist to help you prepare, ask the right questions, and make confident decisions.

1. Do You Need Life Insurance?

If someone depends on your income, a partner, kids, or even a co-signer, the answer is likely yes.

2. How Much Coverage Do You Need?

Think about future expenses like mortgage payments, education, debt, and final costs.

3. How Long Should Your Policy Last?

Choose a term based on how long your financial responsibilities will last, 10, 20, or 30 years is typical. Permanent policies offer lifetime protection.

4. Know the Policy Types

Understand the difference between term and permanent coverage, and which is best for your budget and long-term goals.

5. What Will the Application Ask For?

You’ll be asked about age, health, income, lifestyle, and whether you use tobacco. Be honest to avoid delays or denials.

6. Preparing for the Medical Exam

Most life insurance applications require a brief medical exam. It’s typically done at your home or workplace by a licensed medical professional. The exam includes basic checks like your height, weight, blood pressure, and may involve a small blood or urine sample.

(Check out our No Medical Exam Insurance page if you want to purchase life insurance but you’d rather skip the medical exam.)

7. The Underwriting Process

After applying, your insurer will assess your health and risk profile to finalize your offer. This can take a few days to a couple of weeks.

Have questions?

Call (800) 442-9899 to talk to an agent today.