- Your Age
The purchaser of such a policy usually needs to fall within certain age brackets. One carrier for example insists that you must be between age 18 and age 65. Although medical science have come a long way and people are taking better care of themselves age 65 is the limit unless you indicate on the application there is some prior or present ailment that would prevent you from qualifying. In these cases you would be required to do a medical examination.
- How The Life Insurance Carriers Do It - The Process
You go to the site and you get your quotes to see if the rates are pleasing to you. They usually are. Once you decide on the amount of live insurance you want to buy you then proceed to complete the application form. You need to tell the company about your health and your occupation. They are interested in past and present medical conditions. They are also interested in family history. They want to know if there is any medical condition that you are likely to inherit. If you have an ailment that could kill you they would need to know how you are treating this condition. If there is any red light they may request a report from your personal physician.
In many cases the medical information bureau already has the required information. The life insurance company will get what they need from the bureau.
Your occupation or avocation is very important. A deep sea diver or a recreational pilot without a required number of hours flying solo would be classified differently from an individual whose only exposure to a hazard is probably driving a car to and from his or her place of work.
- The Policy
Now here is the awesome part. You can,in some cases, actually print out the policy online. This gives you the opportunity to read it over and make certain that it is what you want. If there are any questions you can call an agent who will help you clear up any misunderstandings or doubts.
The entire process takes approximately 15 minutes.
As they see the tremendous success the companies that offer an instant life insurance policy online are enjoying many of the larger and very solid life insurance companies are jumping on the bandwagon. Everything on the internet moves very quickly. Look for more companies in the very near future.
