subject: How To Qualify For Life Insurance? [print this page] Financial experts agree that life insurance can help a family remain fiscally intact after a loved one dies. People who are not insured sometimes leave substantial debt for their survivors to pay. When a person dies with life insurance, his or her remaining obligations may be satisfied, and survivors might also enjoy monetary relief. While many people acknowledge the importance of such coverage, they may also wonder how they can quotes for such coverage.
In fact, the Internet is rapidly becoming a popular venue for people to receive these quotes. Many insurance companies now have websites that offer instant quotes for potential customers; if a person cannot receive an instant quote, he or she can generally sign up for a solicitation call from one of the company's agents. To receive quotes, customers usually have to disclose a certain amount of personal information. For example, they often have to tell when they were born and how old they are.
They also may be asked to disclose their weight and height. Most companies inquire about whether or not potential clients smoke or use tobacco products. They also might ask whether or not a person is in good overall health. This information allows companies to formulate a price that people can expect to pay for a premium. People who smoke, use tobacco products, are overweight, or have suffered a serious health condition like cancer or leukemia might be quoted a higher price than those who are in better health and do not use tobacco. After they receive a price quote, they can decide whether or not to purchase a policy.
While many individuals purchase their own policies in this manner, other people opt to buy insurance from their employers. Many companies offer life insurance for their employees. These policies are often less expensive than policies that are purchased through private insurers. Even so, employees are still asked to submit important information to verify their coverage. When they receive life insurance quotes from their employers, clients still have to verify their ages, birth dates, and whether they use tobacco or smoke.
This information determines how much they will pay each pay period. Their premiums typically are deducted from their paychecks each time they are paid by their employers. Some companies do not allow employees to sign up for coverage until after they have completed an introductory training period. Most employees become eligible for life insurance after a 60 to 90 day training period. After they receive life insurance quotes, they can purchase their coverage.
by: Shaun Greer
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