Applying for life insurance by requesting a life insurance quote is a fairly easy process that does not take long. Life insurance companies do have to look into a few things in order to be able to consider you for coverage. During the interim, it is a good idea to avoid a few activities to ensure that affordable life insurance is in your future. Here are the top 5 things you should avoid when trying to get a life insurance policy.
- Do Not Make Assumptions. Do not rely on things you might have heard about life insurance companies, or different types of life insurance policies. Do you research, and if you feel the need to consult an expert, check with your financial advisor to assure that you are getting affordable life insurance that meets your needs.
- Avoid Stereotyping. Many people think that single people or non-breadwinners do not need life insurance policies. This is not true because all members of the family contribute to the household in tangible ways that have a value. People during all stages of their lives can benefit from owning a life insurance policy.
- Do Not Wait Too Long. The longer you wait to get a life insurance quote, the more expensive it can become because of your expected life expectancy and other medical factors that are used in the underwriting process to calculate the premiums. Purchasing a life insurance policy earlier in your life can save you a significant amount, plus it will lock in that low rate for the life of the policy.
- Do Not Travel to Exotic Countries. If you are in the process of getting term life insurance, you might want to put off traveling to certain countries until after your life insurance application is evaluated. International travel, especially to risky countries can throw up a red flag during the evaluation process and cause the underwriters to add in additional risk factors for diseases or other problems that can occur during travel to these destinations.
Avoid Picking Up Bad Health Habits. It is never a good time to start smoking cigarettes or even using chewing tobacco, but during your life insurance application process is probably one of the worst times. You will need to provide your latest health records, so have a copy of your latest physical and other medical records from your doctor ready to submit to the insurance underwriters and be prepared to honestly answer some questions about your health, lifestyle, hobbies, or other activities.