Sentences with phrase «life insurance applicant information»

Life insurance applicant information is submitted to the Medical Information Bureau (MIB), and all insurance companies research a new customer's files prior to issuing a new policy for life insurance.

Not exact matches

«Our findings suggest that life insurance companies that acquire an applicant's credit score are also indirectly acquiring information about that applicant's educational attainment, intelligence and personality, right back to childhood,» the authors wrote.

We pre-screen our potential applicant's information regarding health, height, weight, and so on to choose the correct company capable to give us the lowest life insurance rates and have.

With guaranteed issue life insurance policies, because there is no medical exam or underwriting, insurance companies have no information other than the applicant's age and gender on which to base the premiums.

As the name suggests, there is no medical examination that is required by applicants for no medical exam life insurance coverage — and, there are also various no medical exam plans that will not ask for health information on the application.

Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.

When an applicant that applies for life insurance is a moderate to heavy drinker or has a history of alcohol abuse, life insurance underwriters will typically request the following pieces of information:

Medical Information Bureau (MIB) All responses on a policy application are subject to submission to the MIB, an independent entity that collects and stores medical data on life and health insurance applicants.

Prior to submitting this information, an applicant will typically be asked to complete a detailed questionnaire, as well as a life insurance needs analysis.

Yes they are, but the best online life insurance rates will vary due to changes in the applicants information.

We work hard to choose the correct company for our clients to make sure we are using a company with the lowest life insurance rates and have the most favorable view of our applicant's specific information on the application.

We will pre-screen the applicant information with multiple life insurance companies.

For example, while a life insurance policy that is simplified issue may not require the applicant to undergo a medical exam, these policies may still ask for health information from the proposed insured.

Life insurance companies report to the Medical Information Bureau whenever one of their applicants has any health impairment, tobacco use, hazardous travel or activities, and so on.

Term Life Insurance smoker applicants can find help and information here as well.

The applicant has to swear that the information they give to the life insurance company is true to the best of his or her knowledge and belief.

Application: A form supplied by the life insurance company and usually filled in by the agent and medical examiner (if applicable) on the basis of information received from the applicant.

Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam

a) The proposer / applicant at the time of purchasing a term insurance plan or any other insurance plan from any life insurance company should ensure they provide complete and correct information relating to all material facts.

: A form supplied by the life insurance company and usually filled in by the agent and medical examiner (if applicable) on the basis of information received from the applicant.

Important Tip: The proposer / applicant at the time of purchasing a term insurance plan or any other insurance plan from any life insurance company, should ensure they provide complete and correct information relating to all material facts.

Underwriting — You may have heard about life insurance underwriting, it is a process by which you find out if you qualify for a policy based on your personal information which includes your answers to the questions asked on the application for coverage, your results of a medical exam, and other factors considered when underwriting an applicant for life insurance; such as, your driving record, occupation, hobbies and lifestyle.

Life insurance applicants sometimes entertain the idea of not disclosing certain negative health information to the company.

Some Important Tips: a) The proposer / applicant at the time of purchasing a term insurance plan or any other insurance plan from any life insurance company should ensure they provide complete and correct information relating to all material facts.

This is targeted to only the healthier of applicants and then the application is compared to several life insurance industry reports such as Medical Information Bureau.