What to Expect on Your Insurance Application?

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Whatever type of insurance you’€™re looking for, you might be challenged with all those marketing terms and options. Still, though there are different types of insurances around for your specific needs, they tend to have some things in common. Here are some things you need to educate yourself with when searching for insurance.

Determining your coverage amount

Whatever type of insurance you decide to purchase, you need to calculate just how much coverage you need. You have to assess how much cover you or your beneficiaries would need in case you die, lost a job, or got sick. Determine how much you will need for your financial obligations, medical costs, and emergency expenses. If you have a job, also consider if you are eligible for other benefits processed through the workplace, such as death or sickness benefits, and whether they are enough or you need some extra coverage.

Choosing the right policy

Every type of insurance has varying policies, making it a bit difficult to find the right deal. In some policies, you could be covered for a certain time period, while in others, you could be covered indefinitely. Some insurances may be renewable, and some are not. Some policies may have fixed premiums, and some may have increasing premiums.

Application Process

When applying for insurance, you can expect for your basic information to be obtained, such as your name, age, address, and employment information, to name just a few. You can also expect for these data to be assessed:

  • Date of birth
  • Height and weight
  • Lifestyle
  • Annual income and net worth

It might not end with these questions though. In some types of insurances such as life or disability insurances, most companies will require that you undergo a thorough medical exam. In such case, a paramedical will be assigned to perform these actions:

  • Obtain your medical history, including past or existing medical conditions, operations, or prescription drugs you are taking)
  • Assess your family medical history
  • Take your vital signs (especially blood pressure)
  • Drug your blood and urine samples
  • Ask about habits that could potentially affect your health, such as smoking, drinking, substance abuse, sedentary lifestyle, or dangerous activities.

Depending on the type of policy you are applying for, there may also be additional tests such as X-rays, ECG’€™s, or other lab tests.


After all the required information is gathered, the company’€™s underwriter will review your application and exam results, using all of these information to assess the level of risk you may pose to the company. The underwriter will help the company determine how much to charge you for coverage, and the company will either approve or deny your application within a few days to weeks.

Some applicants tend to lie on their application in order to get cheaper premiums, however, it could be a very grave mistake. Not only will you or your beneficiaries be denied claim, but you may also be blacklisted from other companies.

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We do not provide any financial advice relating to insurance or other insurance related topics. IncomeProtectionAdvisor help users get a competitive income protection insurance quote. We do this by working with FSA regulated partners who search and compare insurance policies from dozens of UK insurers. The quote you receive will be based on the information you submit to us. Our service is free and you are under no obligation to accept the quote you receive.
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