How do I Finalize a Life Insurance Policy?
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Reviewing and Accepting the Offer
You have applied for the right amount of life insurance at a fair price, you submitted the application, took the medical exam and got a favorable report from the underwriting department. Congratulations, you are almost home.
All that remains are what are known as delivery requirements. This usually is limited to an electric signature. A check, if you did not submit payment with the application , and signatures on any amendments to the policy. This should take no more than a few minutes.
The big takeaways for the client are to familiarize themselves with the draft day for payment if paying monthly, and to store the policy in a safe place where it will be readily accessible in the event it is needed. It is a good practice to let a beneficiary know where to access the policy.
Congratulations! You now the the answer to the question “How Do I Finalize a Life Insurance Policy?” You have gone through the steps to protect the ones you love. Hopefully with the guidance of the help desk it was not to painful.
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If you have any questions about this policy or any other, feel free to contact the help desk at (203) 424-1100 or contact us.