Will they ever issue my Life Insurance Policy?
Life Insurance Consumer Tips
by Duaine Owings
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The underwriting marathon
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Does it seem like your life insurance application is taking forever to underwrite? Have weeks gone by? Have months gone by? Is this normal? What’s going on?!
The fact of the matter is that life insurance applications can take a long time to underwrite. This is especially true for people with a history of serious illness.
But you can take a number of proactive measures to expedite your application. Indeed, critical aspects of the approval process are in your own hands.
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How to go the distance
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First of all, right at the outset, choose a broker who is known for providing his clients with regular progress updates. You will feel more involved in the process and time will seem to move more quickly, if you are kept in the loop.
Second, make the time to disclose all information requested. Make the effort to complete this task, thoroughly and accurately. And you will be rewarded with a smoother experience during underwriting, where even a small inconsistency between your application, phone interview, and medical exam, could create a delay.
Third, provide your personal assistance in the retrieval of medical records as needed. While physician offices are paid substantial sums for copies of their patients’ records, they sometimes tarry in fulfilling these requests. A phone call from you, as the patient, can result in prompt service.
Consumers have much more power than they sometimes realize. An “educated consumer” is not a trite slogan. Your smart choices can make all the difference.
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Have a question?
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As always, our toll-free line, (866) 559-8777, is open at your convenience. Please do not hesitate to call me with any questions or concerns.
With best wishes for health and success,
Duaine Owings