You can apply for term life insurance with no obligation. You go through the underwriting process with a carrier and see what the offer is after underwriting. If it’s good then you can accept the offer and if it is not what you are looking for, then we can take it out and see if we can get a better offer with another carrier. Most carriers underwrite in a similar fashion, but there can be a significant difference in some instances.
When we talk to clients we want them to understand the preliminary nature of a quote. A quote is simply a guestimate, based upon whatever information the client has provided to the quoting agent. If the client doesn’t reveal everything to the agent then the quote will probably be inaccurate. If the client has medical problems that they are unaware of, then the quote will be off. This is why we reinforce that applying for a policy in no way obligates you. It simply takes the hypothetical quote and turns it into a real offer or a decline. The one thing to keep in mind is that when you apply it will go into the medical information bureau (mib). This will be something that can be seen in the future by other companies, etc. The bottom line is that you have little to lose by applying for a policy and sometimes we will even apply for two carriers at the same time. The chances that you will be healthier in the future than you are today are slim and you will certainly not be younger ever.