Q&A About Life Insurance

Question: @EJ_Hall22 | Once I purchase life insurance, when does it become effective?

Answer: Life Insurance becomes effective after the underwriter has approved the application and payment is received.

Question: @ _therealESH | Do my spouse and I both need life insurance?

Answer: Typically both spouses need life insurance if there would be a financial loss if either of them were to pass away prematurely.

Question: @ATucci826 | How do I decide which life insurance company to use?

Answer: Factors to consider are the financial ratings and underwriting guidelines for each company.

Question: @QbanKendy | What is the difference between Term & Whole life insurance?

Answer: Term insurance provides protection for a specified period of time. Whole Life is designed to protect you for your entire life.

Question: @DOOKIEBLU | How much life insurance do you need?

Answer: It depends on your situation. A financial professional can help you determine how much you need.

Question: @amandabortolus | Do you need a medical exam before you can get life insurance?

Answer: Typically yes but there are some products that do not require a medical exam.

Question: @tsspeedmedical | Who performs the medical exams?

Answer: A licensed examiner performs the medical exam. This is paid for by the life insurance company.

Question: @cara_brooke3 | When is the right time to buy life insurance?

Answer: The right time is when you are young and in good health. That's when the rates are most competitive.