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After reviewing the basics of life
insurance and giving some thought to your financial
needs, you're ready to meet with your insurance agent
During the meeting
The agent you have selected will
meet with you to discuss your life insurance needs.
He or she will ask questions about family income and
your net worth. Using the information you already have
assembled about your financial situation, you should
be prepared to discuss your insurance options.
Health questions
You should be ready to answer questions
about your health (for example, age, medications, medical
condition, medical history, family history, personal
habits). It's important that you answer these questions
carefully and truthfully; this information helps the
company charge a fair premium for your coverage. For
instance, you may pay a lower premium if you don't smoke.
On the other hand, if you have a chronic illness, you
may be charged a higher premium.
Remember. too, that in the event
of a claim, accurate and truthful answers enable your
beneficiary to receive prompt payment. Inaccurate or
untruthful answers, however, may cause delay or even
denial of a claim.
Physical Examinations
When you apply for life insurance,
you may be asked to have a medical exam. Often, a licensed
medical professional will make a personal visit. The
examinations will ususally be conducted in your home
or office - it's your call. In some cases you may have
to be examined by a physician. Almost all companies
will pay for the cost of the exams.
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