For those of you considering life insurance, let me warn you that it takes forever and is quite a hassle. I went through the process last year. First you contact your life insurance broker. You send him a bunch of forms, then he gives you some quotes. One you pick which plan you want then he sends you the official forms. This whole process takes 2-3 weeks. Then you have an appointment with a paramed where they will take your blodd pressure and blood and urine samples. You can expect this to take another 2-3 weeks to get setup. The life insurance company may call you and ask you to verify your medical history orally. Finally, they will spend several weeks reviewing your paperwork. All in the process took me almost three months to complete, so be prepared. Despite all the hassle, rates are as low as they have been in years so now may be the time to consider some term life if you have people that depend on your income. For more about life insurance see my prior post on the topic.
Saturday, February 9, 2008
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