Breaking Down Life Insurance Applications Part 1 - Buyers Guide

Life Insurance

Why are life insurance applications so confusing? You’ve been shopping for life insurance quotes and decided to apply with a company. Then you encounter some life insurance applications that are pretty detailed and cover a great deal of information. You may be asking yourself why do they need all of this information? And what are some of these pages I am signing mean?

Trust me, you are not the first to ask these questions. So I have written a series of blogs that will break down the different parts of life insurance applications in order to help you learn why you are being asked for different types of information. This way you can understand the reasons and not be overwhelmed by different life insurance applications and their questions.

One area of life insurance applications that can be very helpful when shopping for life insurance is called the life insurance buyers guide. These guides are designed to help you determine which type of policy may best fit your needs and budget, look at how much life insurance you need and what decisions to consider when purchasing a life insurance policy. Generally, you will see the following list of topics in a life insurance buyer’s guide:

1. Buying life insurance

2. Things to consider about existing policies you may already have

3. How much coverage do you need?

4. What is the right type of life insurance to consider

You may also see some common life insurance terms explained. The most common terms are usually the following:

1. Term life insurance

2. Cash value life insurance

3. Whole life insurance

4. Universal life insurance

5. Variable life insurance

6. Life insurance illustrations

If you come across a life insurance buyer’s guide while shopping for life insurance quotes, I encourage you to take the time to read it. I believe they are helpful and can make you more comfortable with life insurance. Life insurance can seem pretty simple on the surface but when you really look into it you will realize there are many different options to choose from and you want to make sure you have a policy that meets your needs.

About the author: Dan Cody has been in the life insurance business for over 7 years. He loves playing a variety of instruments including the guitar, bass, drums, and piano. He also supports cancer research foundations and volunteers at local pet shelters. Dan enjoys helping customers understand life insurance, so they can find a solid policy that fits their needs. You can reach Dan at 1-800-651-1953 or