If your you were no longer here would there be a financial impact on the people you love, it might be time to consider life insurance.The rule of thumb is once you become a parent, all income-earning adults in your household should have a life insurance policy in effect. Should something happen to you, your life insurance policy would pay off the mortgage, debts, and other obligations.

To determine how much life insurance you need, it’s best to look at your surviving family’s immediate ongoing, and future financial obligations, and compare that with your financial resources. This assessment is called a Financial Needs Analysis, which is provided complimentary for all our clients.

Most plans do require medical testing and charge premiums based on the level of risk they assign to you based on the testing. However, even if you are not in top health or have a serious health condition, there are still some options available with guaranteed issue plans. Although this comes at the cost of a higher monthly premium.

There are a few companies who offer up to one million dollars of Life Insurance coverage without the need to go through an exam. Additionally, policies such as final expense are approved on a simplified issue basis, and do not require you to take an exam.

That depends on the type of coverage that you applied for. The underwriting process for a traditional, fully underwritten process can take up to two weeks or longer. A no-exam or Final expense policy can be issued from a few minutes after submission to about two weeks. The delivery time is about a week after the policy’s approval.