Share:

Life insurance is a crucial linchpin of any sound estate planning strategy. Many people assume that the application process for such a crucial policy will be difficult and complex. Fortunately, as the insurance agents at Hummel Insurance Services in Oakland, IA, explain, applying for this crucial coverage usually consists of a simple, two-step process: the questionnaire and the medical exam.

The Life Insurance Application

Along with the standard identifying information, the life insurance application requires extensive, specific information about your medical history, personal habits, and lifestyle. In an attempt to reduce their insurance quotes, some applicants are often tempted to submit misleading information or omitting certain elements from their medical history. However, it's in your interest to ensure that your application is as complete and accurate as possible. Most attempts at obfuscation will be uncovered in the medical exam, while others could cause your claim to be denied if your family attempts to file a claim.

Insurance AgentThe Medical Exam

While younger applicants and those seeking less than $100,000 in coverage may not be required to complete this step, in most cases at least a basic medical exam will be necessary. Most insurers contract with paramedical services who will conduct any tests the carrier deems necessary, from basic blood pressure tests to EKGs. Afterward, the results will be forwarded to the insurance company for review, after which your insurance agent will receive the final quote.

Hummel Insurance Services has been ensuring that their clients get the comprehensive coverage they deserve since 1944. As an independent agency, their insurance agents maintain relationships with a wide network of carriers, giving you an expansive selection of products to choose from. Visit them online to learn more or call (712) 482-6424 for insurance quotes.

tracking