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How To Buy Life Insurance

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October 7, 2022

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Life insurance is one of the best insurance policies you can buy. You will not have to worry about whether you’ll be able to leave your loved ones with adequate financial resources after you pass away. Your life insurance policy will help instill a sense of financial freedom that would otherwise be out of reach. At Magnolia Insurance Agency, we can make obtaining a life insurance policy easy, so you don’t have to worry about how to buy life insurance. Read below to learn more about the process.

What Should I Know Before Buying?

Before signing up, you have to consider what your circumstances are. Your age, health, lifestyle, and financial situation are highly relevant to the policies you’ll be able to get and the monthly rates you’ll have to pay.

Companies are taking a risk when insuring you. They aren’t dispensing tens to hundreds of thousands of dollars for free. It’s the premium payments that enable them to serve their purpose. That’s why younger, healthier individuals who make good lifestyle choices (e.g., exercising regularly, not smoking, abstaining from drugs and alcohol, etc.) pay lower premiums. 

The factors mentioned above also impact what you can buy because, as time passes, you’re more likely to be rejected when applying for policies.

What Does the Enrollment Process Involve?

When you apply, you’ll likely have to undergo a medical exam. This exam detects whether you have health problems that may cause alarm for the insurer. Any conditions you have now directly translate to life expectancy, which goes back to the amount you’ll be able to pay in premiums.

However, certain types of policies, such as guaranteed issue policies, do not require medical exams or any medical underwriting. You’ll also need to answer other relevant questions about your hobbies and lifestyle choices. At this point, the insurer will consider these assessments when deciding the amount you’ll pay in premiums.

How Do I Find a Plan?

One of the best ways to find a life insurance policy that meets your needs is to work with an insurance agency, such as Magnolia Insurance Agency. Our expertise allows us to help you pick the right company, the right policy, and the coverage amount that fits you and your loved one’s needs.

Related PostHow Much Life Insurance Do I Need?

Get the Life Insurance You Need Today

At Magnolia Insurance Agency, we’ll help you find the best deal on the life insurance policy that meets all of your needs and is well within your budget. For more information about how to buy life insurance, call us today at 770-213-5171 or fill out our inquiry form online.

Life Insurance / By Magnolia Insurance Agency

Contact Us Today – 770-213-5171

Stephen Dufour
Owner, Magnolia Insurance Agency
Office: 770-213-5171
Fax: 770-338-6932

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