Sentences with phrase «applicant for coverage»

Unlike many other life insurers that require applicants for coverage to undergo a medical exam prior to being approved for a policy, United Home Life Insurance Company is primarily known for offering simplified issue life insurance coverage.

This means that the same applicant for coverage may apply for term life insurance at one life insurance company and obtain a certain premium rate, and he or she could apply for the same amount and type of coverage at a different insurance carrier and obtain a drastically different premium rate.

Compare Rates from Multiple Insurers — Each insurer has their own approach to rating life insurance applicants for coverage, so rates do vary by insurance carrier.

This means that the same applicant for coverage may apply for term life insurance at one life insurance company and obtain a certain premium rate, and he or she could apply for the same amount and type of coverage at a different insurance carrier and obtain a drastically different premium rate.

Unfortunately, because many seniors may not be in perfect health, it can occur that an applicant for coverage will be denied.

This is particularly true if the applicant for coverage is in decent health when they apply.

With the AG Select - A-Term plan, applicants for coverage can opt for a duration (or term) of ten years, as well as other «customized» time lengths that exceed 15 years — up to 30 years in duration.

This is because, what many people may not be aware of is that, while all insurance companies have some type of criteria for evaluating their applicants for coverage, these factors are not all identical.

This is because the insurer wants to determine whether it is taking on an appropriate amount of risk, and that it will not have to pay out a large amount of claim soon after it accepts an applicant for coverage.

Although there are very few questions on the application for coverage when applying for funeral insurance, there are still some details about the applicant that the life insurance company needs to know before they will approve an applicant for coverage.

This is because many of these plans do not require the applicant for coverage to go through a medical examination.

In this case, the applicant for coverage will not only be able to skip the medical exam, but he or she will also not be required to answer health - related questions in order to qualify.

Both age and health are two of the key determining factors that are reviewed by the underwriters when determining whether or not an applicant for coverage will qualify.

An agent has underwriting responsibilities to the company in terms of observing an applicant for coverage, and reporting information accurately and completely to the home office for underwriting consideration.

These policies are similar to other life insurance policies, except that with a guaranteed acceptance policy, the insurance carrier will accept an applicant for coverage, regardless of his or her health condition.

(However, there are other sources that the company will check in order to learn more about an applicant for coverage.

One of the biggest reasons for this is because life insurance companies are essentially taking on risk when approving an applicant for their coverage.

SBLI offers a no exam life insurance product that does not require the applicant for coverage to meet with a paramedical professional and provide a blood and a urine sample for testing purposes.

Oftentimes, there is no medical examination required by the applicant for coverage.

In order to qualify for the AAA Traditional Term Life Insurance policy, it is required that an applicant for coverage answer several medical / health related questions.

Applicants for this coverage (and their spouse, if applicable) will be approved for up to $ 200,000 in combined coverage (provided that both individuals are within the specified age range).

Unfortunately, because many seniors may not be in perfect health, it can occur that an applicant for coverage will be denied.

Here, applicants for coverage can choose between time lengths of 10 years, 15 years, 20 years or 30 years.

This is because the insurer wants to determine whether it is taking on an appropriate amount of risk, and that it will not have to pay out a large amount of claim soon after it accepts an applicant for coverage.

Some of the key factors that life insurance carriers consider when reviewing an applicant for coverage include the following:

Medical underwriting is a health insurance term referring to the use of medical or health information in the evaluation of an applicant for coverage, typically for life or health insurance.

Therefore, it is important that the insurance company not take on too great of a risk when considering an applicant for coverage.

With this in mind, it is possible that if an applicant for coverage presents too high of a risk to the insurer, based on the medical knowledge available, he or she may be denied or postponed coverage, receive less coverage or may have to pay a higher premium rate for his or her coverage.

The company will still pull medical records, but there are rare occasions when they will reject an applicant for coverage.

Insurance underwriters look at a variety of factors when determining the acceptance of an applicant for coverage.

With this in mind, it is possible that if an applicant for coverage presents too high of a risk to the insurer, he or she may be denied coverage altogether.

This means that an applicant for coverage may not be required to take a medical examination as a requirement for policy approval.

As with the whole life insurance policy that is offered via Phoenix Life, this indexed universal life product will not require a medical examination by the applicant for coverage.

As its name implies, no exam life insurance will not require that the applicant for coverage take a medical examination to qualify for coverage.

As the name suggests, a no exam life insurance policy is one in which the applicant for coverage is not required to meet with a paramedical professional for the purpose of providing a blood and urine sample.

Most final expense life insurance policies will not require that the applicant for coverage take a medical exam.

One of the nice advantages about this particular policy is that the applicant for coverage is not required to undergo a medical examination as a part of the underwriting and approval process.

There are several key factors that a life insurance company's underwriters will look for when they are reviewing an applicant for coverage.

A simplified issue life insurance policy is one in which the applicant for coverage will not be required to undergo a medical examination.

There is no proof of mortgage required, and depending on the policy that is chosen, the applicant for this coverage may not even be required to undergo a medical exam.

With the AG Select - A-Term plan, applicants for coverage can opt for a duration (or term) of ten years, as well as other «customized» time lengths that exceed 15 years — up to 30 years in duration.

It is important to understand that not all life insurance companies underwrite their applicants for coverage in the exact same manner.

This is particularly true if the applicant for coverage is in decent health when they apply.

This is because many burial life insurance plans will not require that the applicant for coverage undergo a medical exam in order to become insured.

This is because, what many people may not be aware of is that, while all insurance companies have some type of criteria for evaluating their applicants for coverage, these factors are not all identical.

Many final expense life insurance policies will not require the applicant for coverage to take a medical exam as a part of the underwriting process — and in some cases, you may not even have any health questions to answer on the policy application.

Yes, the insurer may deny coverage and refuse to pay a claim for death benefits on a life insurance policy if it is determined the applicant for coverage lied about his or her health on the application, and the lie was related to a health issue which would have resulted in the insurance company declining to insure the person for life insurance.

When going about applying for life insurance in the traditional manner, it will oftentimes be required that the applicant for coverage undergo a medical examination.

Because term life insurance provides only death benefit protection, without any cash value or investment build up within the policy, these plans can typically be very affordable — especially if the applicant for coverage is young and in good health at the time that he or she is applying for such coverage.