Oct 18
The screening process – what life insurers want to know about you!
Life insurance companies want to know a lot of things about you before they insure you. When you speak to a representative they will ask you pre-screening questions about your health and lifestyle. You may be surprised at some things they’ll want to know:
- height/weight
- cholestoral
- tobacco use
- participation in any hazardous sports (rock climbing, scuba diving, skydiving, etc.)
- driving violations
- felonies
- bankruptcy
- citizenship
All of these things in one way or another help insurers calculate the amount of risk they are taking by insuring you. It makes sense right? If you have lots of driving violations, you may be more likely to get into a car accident that could be deadly.
To get the most favorable rate, work with a brokerage that knows the ins and outs of carriers. The broker will be able to determine which carrier will give you the best deal.
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October 19th, 2006 at 11:01 am
I would gladly like to receive updates to my policy on whatever time frame the company would decide on. My only problem is that although I receive fairly frequent email and phone contacts from Yamil Ortiz, I have not as of yet had a policy approved. My medical records are at Madigan Army Hospital and they have not responded as of yet. I also asked for my records to forward to the company and am in the middle of the 30-60 day period they said it would take to receive them.
Don Campbell