Insurance companies will ask many question before providing you with an accurate term life insurance quote. These questions are asked so that the insurance company can get an accurate description of your lifestyle and your current health conditions. They want to know anything that may affect or play a factor in the length or payment of the term life insurance policy. Some people will not answer all of the questions honestly for fear that it may raise their premium. The questions provided by the insurance company should always be answered honestly to the best of your knowledge. Failure to answer honestly can lead to trouble down the road and termination of the term life insurance policy without any compensation to you.
Here is a list of questions that are most commonly asked when applying for a term life insurance quote. Most of these questions revolve around current and past health and family health history.
1. It may seem a little unfair, but age, weight and height are the first things asked about when applying for a term life insurance quote. The insurance companies need to know what stage of life you are in and whether or not you maintain a healthy body weight.
2. Do you smoke or have you used tobacco in the last 12 months?
Because smoking is known to cause cancer, and can greatly effect your health,
it is important for the insurance company to know.
3. Companies want to know whether or not you engage in any dangerous activities such as the following.
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a. Are you a pilot?
b. Do you scuba dive, race cars, mountain climb, fly ultra lights?
c. Do you have a hazardous occupation?
d. Have you ever been convicted of reckless driving or driving under the influence?
4. The next thing they will want to know is your current health history. These are general questions that will help determine your general physical health. They will ask basic health questions such as the following
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a. What is your systolic blood pressure?
b. What is your diastolic blood pressure?
c. What is your cholesterol level?
5. They also like to know what health concerns exist in your family. Insurance companies will generally ask if any of your family members have ever had cancer or heart disease or any other problem that you may inherit.
6. Lastly they will want to know if you have ever had any other major health problems. You will generally be given a list of about thirty conditions and you are asked to check any that apply.
The most important thing to remember when getting a term life insurance quote is to answer all of the questions as best as you can. Be thorough and be very specific. Don’t list things that don’t apply and be specific about the things you put on the application.