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Life Insurance
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FAQ
Life Insurance FAQ
Frequently Asked Questions about Life Insurance
You've got life insurance questions? We've got answers! At Wholesale Insurance, we understand how confusing life insurance can be. That's why we created a Frequently Asked Questions (FAQ) section. Here you can find answers to many of the questions you have about life insurance.
All questions
The four most common life insurance questions
Application questions
Health questions
Money questions
Privacy questions
Quoter questions
Termination questions
The four most common life insurance questions
Application questions
Regarding applications
- Why can't I list anyone I want as a beneficiary?
- What is a contingent or secondary beneficiary?
- Why can't I select any amount of coverage I want?
Regarding the application process
Health Questions
Money questions
Regarding cost
- What's my rate?
- How is my rate class determined?
- Why do the companies you show have prices that vary so much for the same coverage?
- Is my rate guaranteed?
- Why are the rates lower now than for my policy I purchased 10 years ago even though I'm older now?
- What if I lose weight or quit smoking after my policy is issued?
- Do I get a discount if I pay annually?
- Do I get a discount if both my spouse and I apply?
- Do you take credit cards?
Regarding coverage
- Why can't I select any amount of coverage I want?
- If I die, can the insurer refuse to pay?
- What if I decide I want more or less coverage two years from now?
Regarding other finances
Privacy questions
Quoter questions
Termination questions
- What happens to my term life insurance policy at the end of the term?
- Will I get any money back at the end of the term?
- If I replace my coverage, will the new insurer cancel my existing coverage?
- What if I decide I want more or less coverage two years from now?
- If I die, can the insurer refuse to pay?
All questions
- Do I get a discount if both my spouse and I apply?
- Do I get a discount if I pay annually?
- Do you take credit cards?
- How do I answer the "tobacco use" question?
- How is my rate class determined?
- I quit smoking 3 months ago. Why am I still considered a smoker?
- If I die, can the insurer refuse to pay?
- If I replace my coverage, will the new insurer cancel my existing coverage?
- Is my rate guaranteed?
- What "coverage amount" do I need?
- What "term period" should I select?
- What if I decide I want more or less coverage two years from now?
- What if I lose weight or quit smoking after my policy is issued?
- What happens to my term life insurance policy at the end of the term?
- What is a contingent or secondary beneficiary?
- What is cash value?
- What is life insurance?
- What is term life insurance?
- What is universal life insurance
- What is whole life insurance
- What's involved in the medical exam?
- What's my rate?
- What's the process?
- Who will see my personal information?
- Why are the rates lower now than for my policy I purchased 10 years ago even though I'm older now?
- Why can't I list anyone I want as a beneficiary?
- Why can't I select any amount of coverage I want?
- Why do I need to apply?
- Why do the companies you show have prices that vary so much for the same coverage?
- Why does it take so long to process an application?
- Why does the insurer care about my other life insurance policies?
- Why does the insurer need to know my income, assets, and liabilities?
- Why is my health history important if I am healthy now?
- Will I get any money back at the end of the term?
- Will you be contacting my employer?
Talk to an Advisor
A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.
Call: 1-800-823-4852
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For assistance call 1-800-823-4852 7am–6pm M–Th, 8am–5pm Friday (Pacific time).
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R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.