What
does the life insurance application process involve?
Once you select an insurance
company and rate, you then can request an application by filling
out the application request form.
Once you request the insurance application, a licensed agent
from Matrix Direct will contact you and set up a convenient
appointment for a no-charge physical exam. The physical exam
can take place in your home or office, and is performed by a
medical professional at no cost to you (the insurance company
pays for the exam).
Upon completion of the application and physical exam, Matrix
Direct will submit the information to the underwriting insurance
company. Four to eight weeks are required for the life insurance
company to underwrite and issue the policy.
The entire process is that simple!
Why
Should I buy life insurance through Matrix Direct?
It's simple. We do the
shopping so you don't have to.
We represent a number of highly rated life insurance companies.
As an independent agency, we aren't tied to any single company's
rates. We can match each client's needs with the company that's
best suited to meet his or her individual situation. Because
of these services, our clients are able to make the best choice
for their financial security.
What
is Term life insurance?
Term life insurance
is life insurance coverage at a guaranteed rate for a specified
period of time. (Example: 30 year level term would guarantee
a level premium for 30 years based on a specified death benefit).
Term life insurance is usually the least expensive form of
life coverage.
Disability Insurance FAQ's
What Is Disability Income Insurance?
Disability income
insurance is designed to replace lost income if you cannot
work because of illness or injury. This type of protection
should be a fundamental element of your financial plan because
if you are less than 60 years old, you have a greater statistical
chance of becoming disabled than of dying prematurely.
What Is Really The Likelihood That I Will Become Disabled?
According to the 1985
Commissioners Individual Disability Table a 40 year old American
has a 48% chance of becoming disabled for three months or longer,
while a 25 year old has a 58% chance!
How Much Disability Coverage Do I Need?
How much disability income
insurance you need depends upon your current income requirements.
Disability policies often limit coverage to a percentage of
earnings or to a maximum dollar amount (Usually 60% to 70% of
your current income).Would this limited amount be enough for
you and your family to live on? Would you have alternative means
of support? Be sure to discuss this matter with your insurance
professional.
How Much Does Disability Insurance Cost?
Disability insurance
premiums can range from as little as a few hundred dollars to
several thousand annually, it just depends on your individual
situation. It usually makes the most sense to purchase as much
coverage as you can comfortably afford.
