Buying life insurance can seem like a daunting task if you aren’t sure what the process entails. Knowing what to expect when you apply can help eliminate confusion and allow you to make more informed purchasing decisions. With the guidance of Brent Layton – Farmers Insurance Group, you will be able to easily find a policy that fits your unique needs. Below, the seasoned Tremonton, UT, agent explains a few key aspects to understand as you get ready to put in a request for life insurance.                                                                                                     

A Guide to the Life Insurance Application Process 

Determine Your Coverage Needs 

First, you must determine which type of life insurance is most suitable for your situation. There are two main coverage options, term life and whole life. Term life policies are usually less expensive, as they are designed to only provide coverage for a set period. A whole life policy will remain in effect as long as you continue making premium payments. You will also need to figure out how much life insurance will be necessary to support your beneficiaries after you pass away.

Complete an Application 

Next, you will need to complete an application for life insurance. Typically, insurers will ask you to provide details about your height, weight, age, lifestyle habits, and financial information. They will use this personal information to determine how much of a risk you are to insure, which will affect your premiums. 

Take a Medical Exam  

Some insurance companies will also require you to undergo a medical exam. Your life insurance agent will arrange a meeting between you and a paramedical, who will be conducting the exam. Usually, this involves making notes about your medical history and your family’s medical history, taking your blood pressure, listening to your heartbeat, drawing a blood sample, getting a urine sample, checking your height and weight, and discussing lifestyle habits that could impact your health. 

Once you have gone through each of these steps, the insurance company will begin reviewing your application and assessing your risk. It can take a few days or a few weeks before you find out whether or not you’ve been approved to purchase life insurance. With more than 25 years of industry experience, Brent Layton – Farmers Insurance Group can provide the education you need to make the right coverage choices. Call his office at (435) 257-3829 to review your options, or visit him online to request a quote.