Get an immediate quote from trusted, highly rated life insurance carriers. It is important to note that all quotes are subject to carrier underwriting and they will present you with their best and final offer.
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Speak with one of our experienced life insurance agents. Our agents will make sure you’re matched with the best carrier for your health and lifestyle. Health impairments are not priced uniformly among insurance carriers. They will discuss your options if there is a carrier that’s more suitable to your needs.
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Complete a formal application and submit it to the selected carrier. Our agents will keep track of your application throughout the underwriting process and reach out to you with any issues or questions the underwriter may have.
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Your agent will share the final offer with you. Companies offer a free-look period, typically up to 30 days in which you can accept or reject the policy.
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What to Expect During the Application Process
Applying for life insurance requires the completion of a formal application. Depending on the product and the company, this can be done by completing a paper form or completing it electronically.
It is important to note that some insurance products require you to take an exam during the application process and some do not. The ones that do not are usually more expensive as the insurance companies are not able to evaluate general health in determining the rates.
When an exam is required, that exam is paid for by the insurance company. The entire application process is done at no cost to you.
The exam itself is conducted by a certified paramedical technician and can be done in the privacy of your own home. Typically, this consists of taking your height, weight, blood pressure, pulse and the collecting of a blood and urine sample. They also ask some medical questions and obtain the name, address and phone number of any doctor/hospital/clinic you have been to in the last 10 years along with the date and reason for the visits coupled with any treatment you received. In addition, they ask the name and dosage of any medication you are taking. It is important to have all of this information at the ready for your examination appointment. This will help it go much faster. Usually the whole process takes 20-30 minutes.
Underwriting
Underwriting is the process in which the insurance company looks at all of the material you submitted and determines your eligibility for coverage. This is also where your rate-class is ascertained.
The Underwriter reviews your application, exam and labs to make his/her decision. On some occasions, they require more information to make their determination. They may ask for more details or they may order your medical records from your doctor/hospital.
It is important to note that in traditionally underwritten products, not everyone is eligible for life insurance coverage. The two main reasons someone can be declined for coverage is significant health history or material misrepresentation on the application or exam. This means knowingly putting false information on the application or exam or omitting material information. It is important to be thorough and honest in all answers.
If you are eligible for approval of your application for coverage, the life insurance underwriters will approve you at the best available rates for your specific situation.
Coverage
Once your policy is approved, the insurance company will generate the physical policy and mail it to you. (*some companies offer an electronic version of the policy if you prefer) You will have a chance to review the policy before accepting it during the free-look period (generally 30 days but this varies by state). Once you have accepted the policy your premiums will be due. You can set premium payments to be monthly, quarterly, semi-annual or annually. You will have the option to have these premiums automatically withdrawn from your account at your selected mode.
Why Standard Marketing?
We are an independent marketing company, meaning we are licensed with dozens of the top rated insurance carriers. This allows us to compare products and rates from several companies to determine the best value for you and your family. It allows us to shop for you. We take the time to obtain all of the health and lifestyle history in order to provide you with an accurate quote up front. We have two in-house underwriters who can provide an accurate risk evaluation.
Our agents are here for you all through the process to provide you status and answer any questions you may have. Our agents also want to be your agent for life. As you get older, your life insurance needs change. If you buy a home, get married or have children, you may want to revise or increase your coverage. It is important to regularly review your policy and coverage needs with your agent.
Ultimately the purchasing of life insurance can be one of the most important purchases you ever make and it helps to have an experienced professional to help shepherd you through the process.
Applying for life insurance requires the completion of a formal application. Depending on the product and the company, this can be done by completing a paper form or completing it electronically.
It is important to note that some insurance products require you to take an exam during the application process and some do not. The ones that do not are usually more expensive as the insurance companies are not able to evaluate general health in determining the rates.
When an exam is required, that exam is paid for by the insurance company. The entire application process is done at no cost to you.
The exam itself is conducted by a certified paramedical technician and can be done in the privacy of your own home. Typically, this consists of taking your height, weight, blood pressure, pulse and the collecting of a blood and urine sample. They also ask some medical questions and obtain the name, address and phone number of any doctor/hospital/clinic you have been to in the last 10 years along with the date and reason for the visits coupled with any treatment you received. In addition, they ask the name and dosage of any medication you are taking. It is important to have all of this information at the ready for your examination appointment. This will help it go much faster. Usually the whole process takes 20-30 minutes.
Underwriting
Underwriting is the process in which the insurance company looks at all of the material you submitted and determines your eligibility for coverage. This is also where your rate-class is ascertained.
The Underwriter reviews your application, exam and labs to make his/her decision. On some occasions, they require more information to make their determination. They may ask for more details or they may order your medical records from your doctor/hospital.
It is important to note that in traditionally underwritten products, not everyone is eligible for life insurance coverage. The two main reasons someone can be declined for coverage is significant health history or material misrepresentation on the application or exam. This means knowingly putting false information on the application or exam or omitting material information. It is important to be thorough and honest in all answers.
If you are eligible for approval of your application for coverage, the life insurance underwriters will approve you at the best available rates for your specific situation.
Coverage
Once your policy is approved, the insurance company will generate the physical policy and mail it to you. (*some companies offer an electronic version of the policy if you prefer) You will have a chance to review the policy before accepting it during the free-look period (generally 30 days but this varies by state). Once you have accepted the policy your premiums will be due. You can set premium payments to be monthly, quarterly, semi-annual or annually. You will have the option to have these premiums automatically withdrawn from your account at your selected mode.
Why Standard Marketing?
We are an independent marketing company, meaning we are licensed with dozens of the top rated insurance carriers. This allows us to compare products and rates from several companies to determine the best value for you and your family. It allows us to shop for you. We take the time to obtain all of the health and lifestyle history in order to provide you with an accurate quote up front. We have two in-house underwriters who can provide an accurate risk evaluation.
Our agents are here for you all through the process to provide you status and answer any questions you may have. Our agents also want to be your agent for life. As you get older, your life insurance needs change. If you buy a home, get married or have children, you may want to revise or increase your coverage. It is important to regularly review your policy and coverage needs with your agent.
Ultimately the purchasing of life insurance can be one of the most important purchases you ever make and it helps to have an experienced professional to help shepherd you through the process.