The Next Step After Receiving a Disability Insurance Quote
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After I Receive a Disability Insurance Quote I Like, What Is the Next Step?
Assume you've received a quote for long term disability insurance that fits your needs and your current budget. Here are some common steps you will take to actually purchase your coverage.
- Ask for an application. Using regular mail or e-mail, your prospective insurer will get you a formal application for coverage.
- Get your medical examination. Even if you have enjoyed good health in the past, most disability insurance carriers will want to schedule a physical exam given by a paramedical examiner (at no cost to you). The examiner normally makes a “house call” to examine you in your home or office.
- Underwriter will examine your application and supporting information. A trained insurance underwriter will review your application in detail and, hopefully, approve your request for disability insurance. A decision may take a few weeks, depending on the scheduling of your medical exam and your submission of any other data requested.
- Approval and subsequent delivery of your disability insurance policy. After approval, your insurer will immediately send you your physical policy for your examination. You normally have 30 days to read, understand, and get “comfortable” with your new disability insurance coverage.
As you can see, getting an acceptable disability insurance quote online will save time and stress. The process of purchasing the coverage you want is relatively simple, straightforward, and effective. Using the Internet can streamline the entire process.
Refer to your insurance policy contract for specific information regarding your coverage and for actual terms, conditions and exclusions. The above statements are general in nature and may or may not reflect the actual terms of your insurance policy.