 |
||
 |
 |
|
Frequently Asked Questions |
||
What is Accidental Death Insurance? Accidental death insurance is specifically intended to provide life insurance protection in the event of the death of the insured due to accidental circumstances. Accidental death insurance can be purchased in the amount that you choose from $50,000 to $250,000. Insurance premiums are calculated based on actuarial tables compiled by the insurance companies relative to the dollar value of the insurance policy. The dollar amount of the accidental death insurance policy is the actual amount that will be paid to the beneficiaries, in the event of the accidental death of the insured. This amount should be chosen carefully, and at a level that will adequately provide for their planned future financial needs in the event of accidental death. Adequate insurance and financial planning are the best way to guarantee that the beneficiaries lifestyle will be sustained, in the event of the accidental death of the insured. Accidental death insurance coverage must be maintained through regularly scheduled insurance premium payments in order to be payable in the event of the accidental death of the insured. Failure to pay policy premiums in a timely manner will result in the lapse or cancellation of the accidental death insurance policy, and subsequent loss of protection of the insured person. Why is a company not quoted? If a company does not appear in our quote system it may mean we are not contracted with the company. In some cases this means they are new to the term market with competitive premiums and we have not completed the paper-work. Selected companies do not appear in our database because our experience has shown their service is poor and untimely. Some companies have instructed their agents not to provide quote information and/or comparisons of their premiums over the Internet. Finally, not all companies will contract with all direct-to-consumer companies for a variety of reasons.
How do you select companies to recommend? ChoiceQuoteSM selects companies to be quoted based on the following criteria:
What is your relationship to the insurance company? ChoiceQuoteSM and/or its agents represent most major companies offering competitive term insurance policies. However, not all companies are represented in all states and not all recognized companies offer competitive term policies. ChoiceQuoteSM is compensated solely by the insurance company, and only after you have: 1) selected the company, 2) qualified for the insurance, 3) reviewed the policy and 4) paid the premium. Therefore, the final decision is always in your control.
Is my information confidential? Yes, by federal and in some cases state law, information you provide to gain acceptance by the insurance company is confidential. It must be kept confidential by the insurance company and may not be released to any third party not a participant in the underwriting process. ChoiceQuoteSM does not release inquiries or give quote request information to any third party. ChoiceQuoteSM may, however, use information provided to advise you of renewals, new products or premium changes, or relevant issues unless your request that we do not. The ChoiceQuoteSM site, in addition, is secure, to further ensure safety.
How long does it take to get my policy issued? Consumers are rewarding the most competitive and financially strong companies with a large volume of applications. This "flight to quality" is now overloading companies with low premiums. Plan on 7-10 business days processing time after we have received your application.
The direct-to-you ChoiceQuoteSM system has been crafted to optimize ecommerce processing without face-to-face contact which will save you time. All communications are via phone, fax, mail or email. If you wish to speak to a licensed agent, call 1-888-SEE-TERM (888.733.8376)
Are there any other fees or charges for ChoiceQuoteSM services? No, ChoiceQuoteSM is compensated by the insurance company only after you have made your plan choice and received a policy you find satisfactory. In most states you will have a free look during which you may return the policy for any reason. If premium had been paid, your full premium will be refunded. As a result, the decision is always in your control. |
| Home | About Us | Frequently Asked Questions | Your Privacy | ||
 |
 |
 |
To speak with a licensed professional: 1-888.733.8376 ET(Toll Free) 8 a.m. to 6 p.m. ChoiceQuoteSM Insurance Services, Inc. CA License #711831 Robert P. O'Leary, CLU is licensed agent in all states except AK and WY: Commercial use by others is prohibited by law. No portion of this site may be copied, published, faxed, mailed or distributed for any purpose without prior written authorization. All rights reserved Copyright © 2002-2007 |
||