Buying life insurance can often seem like a daunting and complex procedure. Here's what to expect when working with Flex Life's licensed insurance agents and how we can help make the process simple and get you get the coverage you need.
Buying life insurance is one of the most important financial decisions you’ll make because, regardless of what you earn, you never know what the future holds. If you are the sole breadwinner of the family and were to pass away, it could have devastating financial effects for your family.
Purchasing term life insurance instead of whole life insurance has many benefits, including:
- term life insurance is straightforward and the policies are easy to understand.
- you don’t have to worry about hidden fees, exclusions, or risks.
- term is typically the most affordable type of life insurance.
- you can cancel a term policy before it expires without losing any value.
20/20 Flex Life Is So Much Different From Any Insurance You’ve Ever Seen
At 20/20, we want to change your life insurance experience and turn it into a positive, personal, and inspiring experience. We want to contribute to your life and help you protect the people you love most.
Want to know more about our term life insurance?
What Does a Life Insurance Agent Do?
When you’re buying term life insurance, you may find it useful to enlist a life insurance agent to assist you. Agents work on behalf of life insurance companies to help potential customers navigate the often complex waters of buying life insurance.
While you can shop around on your own, using a licensed professional who knows the ins and out of the product can save you both time and money.
Other benefits of using a life insurance agent, include:
- they can help you navigate all the nuances of buying insurance, especially when it comes to any law changes in both federal and provincial levels.
- they can update you as your application moves through the funnel, so you’re always aware of where you are in the process.
- they can offer you multiple types of insurance, including disability insurance, and use your information across applications if you need more coverage.
- they can guide you through the entire process and ensure you find the term life insurance that perfectly suits your needs.
What to Expect When Working With a Life Insurance Agent
When you work with your life insurance agent, you should be prepared to discuss your health and life situation with them so they can help you decide which coverage makes sense for you. They may even ask personal questions including any financial information.
REMEMBER: It’s important to be very honest about your life and financial goals as this will allow your agent to recommend the right term insurance for you. Your life insurance agent will always keep your information confidential.
After this, your agent may guide you through:
1. A Financial Need Analysis
This will help you get an idea of your financial needs including assets, debts, and income. When you provide honest information to your agent, they can make the right suggestions for a policy that will fit your unique circumstances and situation.
2. Risk Assessment
With traditional life insurance, you have to complete a detailed questionnaire and a health test so that the agent can assess the risk you pose to the insurance company. However, with 20/20 the process is much more simple.
For coverage up to $500,000, you only have to answer 5 simple medical questions and there is NO medical exam required.
3. Insurance Options
Your insurance agent will then provide you with options and product recommendations and they’ll explain how these products will perform over time. Make sure you understand any assumptions that have been made and don’t be shy about asking questions!
At 20/20, our licensed agents are here to help ensure you find a term life insurance that works for you and your family and we want to ensure you’re truly happy with the final product.
4. Submitting the Application
Although our application process is extremely simple, our licensed agents can help ensure that all the information you provide is accurate to ensure that your policy can never be invalidated. Work with your agent to ensure all information is true before signing the application and then ask for a copy of the completed form for your records.
Get Started Today
To get started on your term life insurance application, contact one of our licensed insurance agents today at 1-844-974-2020 or fill in our online contact form.
