Life Insurance

About 65% of all life insurance applications require a medical exam.

Technological advancements and innovation have had a tremendous impact in the life insurance business. Insurance companies have a lot more information on us than they did 20 years ago. Insurance companies pull your prescription drug history, your medical history, your motor vehicle report, your credit, your criminal background, and now they have a consumer report. Good or bad, they have this information which has made the underwriting process more streamlined and efficient.

Accelerated underwriting qualifications

As a general rule, you must be under 50 and applying for $1,000,000 or less of death benefit, though some carriers allow up to $3,000,000.
Very little or no medical history.
Nothing on your Prescription drug report that would indicate medical problems (example: taking insulin would indicate you are diabetic, taking blood thinners would indicate cardiovascular disease and insurance companies would want to see your blood work).
Insurapply works with many different life insurance companies, and at their own discretion may require additional information which could move you to traditional underwriting. This could result in a medical exam.

If you have a family that depends on your income, the answer would be yes. Life insurance in its simplest form is designed to replace your income at some level. Life insurance is used in many ways. The majority of life insurance is bought to financially support your surviving family members, including covering paying off a mortgage and covering college costs.

Most insurance planners and insurance companies recommend 10 times your annual income. Refer to our Life Insurance Calculator to determine your personal need(s).

There are many different types of life insurance policies and many designs to accommodate the consumer today. Term insurance is the most popular choice because it is cost effective. However, for those with insurance needs or wants for lifetime coverage, whole life, guaranteed universal life, guaranteed indexed life, and indexed life provide excellent solutions. For insurance needs past the age of 85, most likely you’re looking for a permanent life insurance solution. Give us a call to speak with one of our experienced agents to discuss a permanent solution.