Take advantage of our user friendly service
to complete a profile and then either shop rates yourself from the online
rate comparison chart or request a local agent to prepare quotes for you.
While waiting for your whole life insurance
cost quotes to be prepared, you can check the ratings on several
organization. You want a organization that is strong financially, has been
in business a long time and that pays claims in a timely manner.
If you decide to meet with an service rep
personally, be prepared to ask some important questions:
To what extent would that agent represent you?
Does the companies have insurance services that will
last to age 100 or even to 120.
Does the companies have radically higher rates for
smokers
Does the organization require a visit from a
paramedic? Some organizations only require a paramedical exam and doctor's
report on amounts of 100,000 or more.
Does the organization have an "easy issue" policy
that requires less medical underwriting and that pays without a two year
waiting period?
What payment process does the organization use? Most
require you to make the first bill and then authorize automatic bank draft
for future payments.
Strongly consider using an agent. universal
life insurance does not have standardized language from one organization
to the other. If you try to do it alone, you could easily end up with
something like "modified universal life insurance," a type of variable
life insurance that has cash value and insures you to age one hundred, but
also has premiums that increase at a predetermined frequency. If an agent
misinforms you regarding a insurance policy, the firm is responsible. If
you make that decision on your own, you bear the responsibility even if
you don't understand the terms.
Once you have decided on a life insurance insurance
plan and answered the questions for the application, all you have to do is
wait. You still aren't fully committed. By law, you have a 30 day free
look from the time your term life insurance insurance service is delivered
to you. If you see something you didn't expect or didn't want, you can
return it and have your first payment refunded.
Usually, a little homework, an open mind and an
understanding of the process can virtually guarantee a universal life
insurance insurance plan that will satisfy you and your household for many
years to come.