[et_pb_section fb_built=”1″ make_equal=”on” specialty=”on” padding_top_2=”20px” padding_right_1=”50px” padding_top_bottom_link_1=”false” padding_top_bottom_link_2=”false” padding_left_right_link_1=”false” padding_left_right_link_2=”false” custom_css_main_1=”border-right:1px solid #eeeeee;” _builder_version=”4.21.0″ inner_width=”100%” inner_max_width=”1250px” inner_module_alignment=”center” custom_padding=”60px|35px||35px|false|true” top_divider_color=”#3390ff” top_divider_flip=”vertical|horizontal” top_divider_arrangement=”above_content” global_colors_info=”{}”][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ custom_padding=”20px||||false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_button button_url=”\/life-insurance-101″ button_text=”Life Insurance 101″ module_class=”button_icon_right” _builder_version=”4.16″ custom_button=”on” button_border_width=”0px” button_letter_spacing=”0px” custom_padding=”0em|0em|0em|0em|false|false” global_colors_info=”{}”][\/et_pb_button][et_pb_text _builder_version=”4.16″ _dynamic_attributes=”content” header_font_size=”38px” custom_margin=”||||false|false” custom_padding=”||||false|false” locked=”off” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}”]<\/p>\n
The process for how to get life insurance starts by filling out a life insurance application. From there, your application will undergo a process called underwriting.\u00a0<\/p>\n
This is when a life insurance expert known as an underwriter decides whether to offer you life insurance and at what cost. Approval and costs are based on your risk class.<\/p>\n
There are two types of underwriting:<\/p>\n
Keep reading for more in-depth information about the traditional underwriting process and the pros and cons of both traditional and simplified underwriting.<\/p>\n
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Pros<\/p>\n
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You can usually get a higher coverage level than you can with simplified underwriting.<\/p>\n
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Coverage typically costs less, on a dollar-for-dollar basis, than coverage from simplified underwriting.<\/p>\n
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There are more options to customize your policy to your exact needs.<\/p>\n
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You usually work closely with a financial professional, who can help you calculate how much coverage you really need to protect your loved ones.<\/p>\n
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Cons<\/p>\n
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It can take several weeks to get a coverage decision.<\/p>\n
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You must undergo a medical exam.<\/p>\n
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There\u2019s usually a lower approval rate than there is for simplified underwriting applications.<\/p>\n
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[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner use_custom_gutter=”on” gutter_width=”1″ make_equal=”on” custom_padding_last_edited=”off|desktop” _builder_version=”4.16″ background_color=”#f8f7f4″ width=”90%” module_alignment=”center” custom_margin=”||4%||false|false” custom_padding=”0px||0px||false|false” custom_padding_phone=”0px||0px||false|false” border_color_bottom=”#f8f7f4″ border_width_bottom_last_edited=”off|phone” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ module_class=”Rtable Rtable–2cols Rtable–collapse” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text module_class=”Rtable-cell Rtable-cell–head” _builder_version=”4.16″ text_font=”|700|||||||” text_text_color=”#ffffff” text_font_size=”20px” background_color=”#00c67f” text_orientation=”center” custom_padding=”10px|20px|10px|20px|false|false” custom_css_main_element=”order:0;” border_width_right=”1px” border_color_right=”rgba(248,247,244,0.5)” border_width_right_tablet=”” border_width_right_phone=”0px” border_width_right_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n
Pros<\/p>\n
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The application is often a quick, convenient online process with an instantaneous decision.<\/p>\n
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If instantaneous coverage isn\u2019t offered, it usually only takes days instead of weeks to get a coverage decision.<\/p>\n
[\/et_pb_text][et_pb_text module_class=”Rtable-cell” _builder_version=”4.16″ background_color=”#f8f7f4″ custom_padding=”20px|20px|20px|20px|false|false” custom_css_main_element=”order:3;” border_width_right=”1px” border_color_right=”#eae8e5″ border_width_right_tablet=”” border_width_right_phone=”0px” border_width_right_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n
No medical exam is required.<\/p>\n
[\/et_pb_text][et_pb_text module_class=”Rtable-cell” _builder_version=”4.16″ background_color=”#ffffff” custom_padding=”20px|20px|20px|20px|false|false” custom_css_main_element=”order:4;” border_width_right=”1px” border_color_right=”#eae8e5″ border_width_right_tablet=”” border_width_right_phone=”0px” border_width_right_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n
There\u2019s typically a higher approval rate than there is with traditional underwriting.<\/p>\n
[\/et_pb_text][et_pb_text module_class=”Rtable-cell Rtable-cell–foot” _builder_version=”4.16″ background_color=”#f8f7f4″ custom_padding=”20px|20px|20px|20px|false|false” custom_css_main_element=”order:5;” border_width_right=”1px” border_color_right=”#eae8e5″ border_width_right_tablet=”” border_width_right_phone=”0px” border_width_right_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n
It\u2019s a viable option for anyone who can\u2019t get life insurance through traditional underwriting.<\/p>\n
[\/et_pb_text][et_pb_text module_class=”Rtable-cell Rtable-cell–head” _builder_version=”4.16″ text_font=”|700|||||||” text_text_color=”#ffffff” text_font_size=”20px” background_color=”#00c67f” text_orientation=”center” custom_padding=”10px|20px|10px|20px|false|false” custom_css_main_element=”order:0;” global_colors_info=”{}”]<\/p>\n
Cons<\/p>\n
[\/et_pb_text][et_pb_text module_class=”Rtable-cell” _builder_version=”4.16″ background_color=”#f8f7f4″ custom_padding=”20px|20px|20px|20px|false|false” custom_css_main_element=”order:1;” global_colors_info=”{}”]It\u2019s difficult or impossible to get higher limits of coverage that you may need.[\/et_pb_text][et_pb_text module_class=”Rtable-cell” _builder_version=”4.16″ background_color=”#ffffff” custom_padding=”20px|20px|20px|20px|false|false” custom_css_main_element=”order:2;” global_colors_info=”{}”]Coverage typically costs more, on a dollar-for-dollar basis, than coverage from traditional underwriting.[\/et_pb_text][et_pb_text module_class=”Rtable-cell” _builder_version=”4.16″ background_color=”#f8f7f4″ custom_padding=”20px|20px|20px|20px|false|false” custom_css_main_element=”order:3;” global_colors_info=”{}”]There\u2019s no way to customize your policy to your exact needs.[\/et_pb_text][et_pb_text disabled_on=”off|off|off” module_class=”Rtable-cell Rtable-cell–foot” _builder_version=”4.16″ background_color=”#ffffff” custom_padding=”20px|20px|20px|20px|false|false” custom_css_main_element=”order:4;” global_colors_info=”{}”]<\/p>\n
It can be harder to know if you have the coverage level you need if you don\u2019t work with a financial professional.<\/p>\n
[\/et_pb_text][et_pb_text disabled_on=”on|off|off” module_class=”Rtable-cell Rtable-cell–foot” _builder_version=”4.16″ background_color=”#f8f7f4″ custom_padding=”20px|20px|20px|20px|false|false” custom_css_main_element=”order:5;” global_colors_info=”{}”] [\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner _builder_version=”4.16″ locked=”off” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_text _builder_version=”4.16″ global_colors_info=”{}”]<\/p>\n
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One of the best ways is to work with a financial professional who can walk you through the entire process. If you don\u2019t have one to work with, check out our\u00a0locator<\/a>. You can also work directly with an insurance company. Here are\u00a0company partners<\/a> that support our non-profit mission and can assist you in getting coverage directly or through one of their financial professionals. The key is to start today.<\/p>\n [\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.14.2″ text_font=”Montserrat|600||on|||||” text_font_size=”15px” custom_margin=”0px||0px||false|false” custom_padding=”58px|||20px|false|false” global_module=”2892″ global_colors_info=”{}”]<\/p>\n Learn more<\/p>\n [\/et_pb_text][et_pb_sidebar orientation=”right” area=”et_pb_widget_area_1″ show_border=”off” _builder_version=”4.21.0″ body_text_color=”#002838″ body_font_size=”14px” body_line_height=”1.3em” custom_margin=”||||false|false” custom_padding=”20px||||false|false” global_module=”2893″ global_colors_info=”{}”][\/et_pb_sidebar][\/et_pb_column][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" The process for how to get life insurance starts by filling out a life insurance application. From there, your application will undergo a process called underwriting.\u00a0 This is when a life insurance expert known as an underwriter decides whether to offer you life insurance and at what cost. Approval and costs are based on your […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":3116,"menu_order":8,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-2785","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n