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Friday, November 20, 2009
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FAQ’s: Life Insurance
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Call us at (800) 940-3002
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When does my life insurance coverage begin?
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Your life insurance coverage begins once the policy has been issued and all of the
delivery requirements have been returned to the
insurance company. Delivery requirements may include a premium payment,
statement of health, delivery acknowledgement form or amendment of application.
Temporary coverage during the underwriting process may also be available with some
insurance companies. In cases where temporary coverage (also called conditional
coverage) is available, coverage begins once the completed application has been
returned to the insurance company with a premium payment and you have completed
the medical exam. The coverage is contingent upon you qualifying at the rate you
applied for and a few other factors. Read the
conditional receipt of your life insurance application for additional information.
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