Things to Know Before Getting Life Insurance Quotes

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If you’re looking for good life insurance quotes in Naperville, you’ve probably started by diving right in and asking various companies for quote information. 

However, you may find that you can’t get quotes from most companies without being able to provide a list of different pieces of information. 

Here are some of the important things you need to know before you can start gathering life insurance quotes and making a decision about a policy.

Your Health History

One of the first things an insurance company is going to want to know about is your health history. For example:

  • Do you have any chronic conditions that could affect your lifespan? 
  • Is there anything that could possibly be an early warning sign of a heart condition, diabetes, or any other major illness? 

Anything like this could affect your eligibility for life insurance or your premium. Those with conditions that could lead to an early death may find it hard to get a policy, while those who display warning signs may be quoted higher premiums than others.

Make a list of any health issues you may have and also look into your family history so you know what illnesses may crop up in your future. Be ready to discuss them with the insurance agent.

What Risks to You Have?

Life insurance companies look for more than just health conditions and health risks. They also take into account risks you take with your own life. 

Tobacco use is a major risk, and many life insurance companies will see it as a major mark against you. Having dangerous hobbies such as flying airplanes or driving a motorcycle may also be counted against you. 

Don’t try to hide anything from the insurance agent. In many cases, the fine print of the policy you sign states that it would be made null and void if you intentionally lied or left out anything that could affect the policy.

Your Budget

 Before you start looking at premiums, you need to know what you can afford. Go through your budget carefully and determine how much you can allocate to your insurance premium. You don’t want to sign up for a policy only to later realize you can’t afford it. Your premium shouldn’t put any financial hardship on your family. So, if you know your budget you can be better prepared.

How Much Coverage You Need

Do you know how much money your family would need to handle any funeral expenses and live for several months if you were to die?

Many people aren’t certain how large of a policy to get and end up either over-estimating or under-estimating their needs for their life insurance quotes in Naperville. This can either inflate their premiums or leave their family without enough to live on. 

Let TERMdog help you figure out how much coverage you need with our easy to use needs calculator.

The Length of the Policy

How long to you want your term life insurance policy to be? This can determine the coverage, premium, and more. Have an idea of the length of the policy you need before you begin gathering quotes. But, if you aren’t sure of this one prior to looking at policies, the insurance agent should be able to help you figure this one out.

At TERMdog, we know getting life insurance quotes in Naperville may seem daunting at first. But, if you come prepared with a few of these key items up front, you’ll find that getting life insurance is a much easier process than it seems. 


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