Buying Term Life Insurance
As I mentioned the other day, my wife and I have been shopping for new term life insurance policies. While we currently have policies in place, our family status has changed since we bought those policies (two more kids!), and we've decided that we're now underinsured. Well, as of tonight, we're one step closer to having our new policies.
After a good bit of poking around, we decided to go through IntelliQuote.com, and we opted for policies from Lincoln National Life. I'm getting a $500k, 20 year term policy for $285/year (the available policies went as high as $505/year) and my wife is getting a $300k, 20 year term policy for $164/year. Beyond offering the best prices, Lincoln also has very strong ratings from S&P, A.M. Best, and Moody's.
So what's next? We've been told to expect application packets in the mail, and a paramedical examiner will be contacting us within the next five days to set up a brief medical exam. Based on prior experience, this typically entails a medical questionnaire, height, weight, blood pressure, urine sample and blood sample. All in all, it should take less than thirty minutes, and they come to you (home or office). The examiner then takes your completed application and forwards it with the results of the medical test to the insurer for underwriting. According to IntelliQuote, the entire process will likely take six to eight weeks.
--
Please CLICK HERE to read/leave comments on this entry
"Buying Term Life Insurance" was first published at fivecentnickel.com
The term life insurance saga continues... Our application packets arrived at the end of last week, just three days after we made the initial contact with IntelliQuote, and we also received a call from the Portamedic that will be doing our medical exams. It turns ... Read
So far so good. Less than twelve hours after applying for term life insurance, we received a call from IntelliQuote. They wanted to verify our address so they could send us our application packets. They also wanted to schedule our medical exams. Read
We recently decided to re-work our life insurance policies, so I've spent a bit of time shopping around online over the past couple of days. One of the first things that I found out is that the number of online insurance markets has grown dramatically ... Read
Over the past few years, I've received a few denials of coverage from health insurance companies, and each time I've appealed the decision. Doing so doesn't take much effort, and the payoff can be substantial. In one case, I had just started a new job ... Read
