Typically, obtaining life insurance can be done in one of three ways: you can apply to insurance companies yourself; you can use a life insurance broker; or you can employ the services of a life insurance agent.
No matter how you apply for life insurance (also known as life assurance), there are a few things to keep in mind. Insurance companies are in business and it would not make sound business sense to have a model whereby they need to payout often. For this reason, all insurance companies will usually have an idea of 'the perfect candidate' - typically in the life insurance sector this would be a young, healthy, fit individual with no health complications and no conditions present in their immediate family.
If you believe you satisfy this ideal then obtaining insurance can be successfully be obtained yourself with normally very little hassle.
However, with pre-existing medical conditions, previous illnesses or immediate family conditions, there is likely the chance of an insurer referring you to underwriting (which is a more thorough analysis of the risk to the insurance company to insure you) and so, it is normally more beneficial to deal with a company through a broker or agent.
Whichever way you go about insuring your life, offering you peace of mind and protection for your loved ones, it is important to fully understand the ins and outs of life insurance policies before signing anything.
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