Many people individuals have asked various questions about insurance claims especially life insurance and we are here with the top 17 most frequently asked questions about Life Insurance.
Many people individuals have asked various questions about insurance claims especially life insurance and we are here with the top 17 most frequently asked questions about Life Insurance.
Frequently Asked Life Insurance Questions
1.How can it be this easy to get life insurance? Is there a gimmick or a catch?
2.Can I start an insurance policy for my spouse?
3.Is it easy to apply?
4.Will I have to meet with an agent?
5.Is the rate schedule guaranteed?
6.Do I have a money-back guarantee?
7.Does my coverage decrease as I get older?
8.When does coverage start? Is there a waiting period?
9.Can I trust Globe Life And Accident Insurance Company?
10.Can I get insurance coverage for my whole family?
11.I already have life insurance—how much more do I need?
12.Will my coverage change if I'm diagnosed with a serious illness?
13.Do parents really need life insurance for their children, even if they're still pretty young?
14.What kind of insurance is children's insurance?
15.I'd like to insure more children in my family. Can I get coverage for a grandchild, niece or nephew?
16.How much paperwork will I have to fill out to apply for coverage?
17.Does the coverage decrease as my child gets older?
1.How can it be this easy to get life insurance? Is there a gimmick or a catch?
Securing a policy is as easy as filling out a short application and submitting it. Upon approval of the application, you're fully covered under the terms of your policy and it can never be cancelled as long as you pay the premiums on time throughout the policy period. There is no "catch" - just complete the simple application.2.Can I start a life insurance policy for my spouse?
Absolutely. When you request FREE/NO OBLIGATION information, we will include an application for your spouse so you can both be covered by Globe Life's life insurance coverage. Simply complete the information for your spouse as well as yourself.3.Is it easy to apply?
Yes. Just a simple application and it will be processed immediately.
4.Will I have to meet with an agent?
No. No agent will visit you. You buy direct online, over the phone or by mail.5.Is the rate schedule guaranteed?
Yes. The rate schedule is based on your current age and is guaranteed for the life of the policy.6.Do I have a money-back guarantee?
Absolutely. Once your application is approved, we will mail your policy. If you are not satisfied for any reason, return it within 30 days and we will refund any money paid. No questions asked.7.Does my coverage decrease as I get older?
No, your coverage will never be reduced or cancelled throughout the policy period as long your premiums are paid on time. We guarantee it.8.When does coverage start? Is there a waiting period?
No. There is no waiting period. Your Globe Life coverage starts when your policy is issued and in effect.9.Can I trust Globe Life?
Globe Life currently insures 4.2 Million policyholders with $80 billion of insurance in force and has made insurance easy to buy since 1951. Globe Life continues to receive an A+ (Superior)** rating from A.M. Best Company, one of America’s leading insurance analysts since 1899 (rating as of 7/17). This rating is based on their latest analysis of Globe Life And Accident Insurance Company’s financial strength, management skills and integrity. Globe Life is the insurance company you can trust.10.Can I get insurance coverage for my whole family?
Yes, you may apply for coverage for the whole family. You, your spouse, and children or grandchildren are eligible to apply.11.I already have life insurance — how much more do I need?
How much will be needed for your loved ones to pay your final expenses? It's an amount that no one can accurately predict. The average cost of a funeral is $6,500 according to the National Funeral Directors Association. Then there are medical bills, bank loans, credit card debts and other unpredictable expenses. You can choose $5,000, $10,000, $20,000, $30,000, $50,000 or even $100,000 of coverage to help with final expenses.
12.Will my coverage change if I'm diagnosed with a serious illness?
No. Your benefit will never be cancelled or reduced for the life of the policy because of changes in your health or occupation as long as your premiums are paid on time.13.Do parents really need life insurance for their children, even if they're still pretty young?
Yes. A serious illness or accident could make life insurance very expensive, even unavailable, for your children when they are adults. With Globe Life insurance you can feel secure knowing that you are protecting the future of the ones you love by providing them with lifetime protection. Start now, their rate stays the same for life.14.What kind of insurance is children's insurance?
Our life insurance can give your child a financial head start. The rate is based on your child's current age and is guaranteed for the rest of their life. And because it is a whole life insurance policy, it builds cash value. By starting your child's policy today, the benefits will never be reduced or cancelled regardless of future changes in age, health, or occupation. It's easy to apply, there is no waiting period and no agent.15.I'd like to insure more children in my family. Can I get coverage for a grandchild, niece or nephew?
Absolutely. A child's parent, grandparent, uncle or aunt can be the policyholder.16.How much paperwork will I have to fill out to apply for coverage?
Hardly any, just complete a simple application.17.Does the coverage decrease as my child gets older?
No. Your child's coverage will never be reduced or canceled as long as the regular premiums are paid on time.Source: www.bookinsurance.cf
