Buying life insurance is a good thing for your family. But it is best to like the questions because there are many questions that will be asked when you quote on a life insurance policy. It is important to be honest when answering these questions because a fraudulent application may result in your benefits not being awarded to the beneficiaries.
Here are 28 things you need to get a life insurance quote
1. Name, address and telephone
Each of these items will be required from a life insurance agent. This is pretty clear.
2. Date of birth
A life insurance agent will want to know the day, month and year you were born.
3. Country and country of birth
If you were born in the United States of America, what state were you in? If you were born in another country, please provide these details as well.
4. Citizenship
Are you a citizen of the United States? What is your nationality? Let the agent know your nationality.
5. Marital status
Are you married or single? Or are you divorced or widowed? Be honest about your marital status.
6. Occupation
What do you work on? What is your job What are your job obligations? Give details of your current job.
7. Net worth
What is the net worth of your assets minus your debts? Share this number with your insurance agent.
8. Driver's license number
What is the number at the top of your driver's license? Your insurance company will use this number to look up your vehicle records.
9. Social security number
What is the 9-digit social security number? Inform your insurance agent of this number.
10. Age
A life insurance agent will ask about your age.
11. Height
Your insurance agent will ask you about your height.
12. Weight
Your insurance agent will ask you about your weight.
13. Tobacco use
Do you smoke or use tobacco? A life insurance agent wants to know.
14. Income
How much do you earn per year? What is your annual income? Share your income information with an insurance agent.
15. Do you already have any life insurance?
The agent will ask you what life insurance you have.
16. Alcohol consumption
A life insurance agent will ask if you drink alcohol and how often.
17. Date of bankruptcy
Have you ever filed for bankruptcy? If yes, when? A life insurance agent wants to know this part of your financial history.
18. Crimes and misdemeanors
Do you have a criminal record? Was it a felony or a misdemeanor? The agent will ask if you have a criminal record.
19. High-risk hobbies
Do you fly by plane or do you like to climb mountains? An insurance company considers these types of hobbies high risk and will want to know if you participate in them.
20. The name and address of the primary care physician.
The insurance company wants access to your primary care doctor, so it will ask for this information.
21. The last time I saw a doctor
When was the last appointment with your doctor? What is the use of it? Share the details of your doctor's visit with your life insurance agent.
22. Family medical history
Has any member of your family died of cancer or heart disease? Share your family's medical history with a life insurance agent.
23. Medications
What recipes do you take and how often? A life insurance agent wants to know.
24. Your medical condition
Have you been diagnosed with any disease or disorder? Share your medical information with a life insurance agent.
25. Type of life insurance
The life insurance agent will ask you for the type of life insurance policy you are applying for and the duration and amount of coverage.
26. Beneficiaries
Who would you name as beneficiaries of your life insurance policy? This is an important decision. Choose your recipients carefully. Share beneficiary information with a life insurance agent.
27. Traveling is high risk
Here's another lifestyle question. Are you traveling to parts of the world that would be considered dangerous? Share your travel plans with an insurance agent.
28. Recent driving history
Do you have speeding tickets, alcoholic driving documents, or recent driving record violations? The insurance company uses this information to determine your risk rating when you sign up for your life insurance policy.
There are a lot of questions and when all is said and done, I have shared a lot of personal, financial and medical information with a life insurance company. And there is more to do.
Once you have completed the interview section of the policy application, you will proceed to the medical examination.
But don't worry, you don't need to go to the hospital or doctor's office. You will take this physician assistant exam at home and the exam requirements will depend on the size of the policy you want to have. Bigger policies mean bigger tests.
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