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Category: Life Insurance

How Long Will My Life Insurance Application Take?

How Long Will My Life Insurance Application Take?

Applying for life insurance may seem like a daunting process, but knowing what to expect can make it simpler and easier for you. Depending on a variety of factors, the underwriting approval process can take anywhere from a few days to a few months or longer. The following are the basic steps you can expect with a life insurance application process. Gather Up The Necessary...

Can I Designate Someone Other Than A Family Member As My Beneficiary?

Can I Designate Someone Other Than A Family Member As My Beneficiary?

Although many people name family members as beneficiaries on their life insurance policies, it is certainly not a requirement. There are almost no rules restricting who you can choose, and you can change your beneficiary at any time (for example, after a divorce). The only universal restriction for life insurance beneficiaries is age. You cannot name a minor as your beneficiary. To provide a person...