Term Life Insurance Digest

Once your application has been reviewed and okayed by the life insurance underwriter, your policy will be issued.  It may be issued with the same rates with which you applied or with different rates.  Also, your application could be denied.

One your policy has been issued, you are contacted by your life insurance agent.  They will let you know the status of your policy application, and if there are any further requirements needed to put your policy in place.  If you already paid your initial premiums, your policy will be put in force once you sign a few forms.  If you did not send in money with the application, it is at this point that you would pay your first premium.  Once payment and delivery requirements are received, your policy is put in force and you have life insurance coverage.

This entry was posted on Monday, August 4th, 2008 at 4:35 pm and is filed under Life Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.