Sentences with phrase «how traditional life insurance companies»

Not exact matches

If you apply for a traditional life insurance policy, the insurance company is going to require that you take a medical exam, and the results of that medical test are going to play a significant role in how much you're going to pay for your insurance plan.

Unlike a traditional life insurance plan, they are going to put a strict limit on how much coverage you can buy, most insurance companies only allow around $ 250,000, which isn't enough life insurance for most applicants.

In determining whether or not you can be approved for a traditional term or whole life insurance policy, the insurance companies are going to need to determine how «severe» your arteriosclerosis obliterans is and how well you are currently managing its symptoms.

These are all questions designed by the insurance companies to learn more about you and how «well» you are functioning in normal daily activities which will make it difficult (but not necessarily impossible) for someone to qualify for a traditional term or whole life insurance policy.

With traditional variable life insurance, the primary advantage of the policy is that you can choose how the premiums are invested by the insurance company.

Now depending upon how you answered these questions the insurance company will general have a pretty good idea if you'll be able to qualify for a traditional term or whole life insurance policy or if we need to take a look at an alternative insurance product that won't take one's health into consideration.

B. Quote without shopping your information, a fool's approach with impaired risks or C. Immediately try to talk you into guaranteed issue life insurance because they don't know how to get you approved through traditional companies.