What do I need to include on my life insurance policy?

 
Having a life insurance policy is the greatest way to ensure that your dependents and family are taken good care of after you pass on. There are two main types of life insurance which are term life insurance and permanent life insurance. Term life insurance covers your life for a certain period while permanent life insurance covers your entire life which is up to the time you pass on.

The first important questions that you will be asked during the application include your name, address as well as your employer. Other basic information that a life insurance applicant will encounter include:

•    Your height and weight measurements.
•    Your date of birth.
•    Your income (annual, monthly or weekly).
There will also be a medical examination either at your home or at a clinic selected by the insurance company or your place of work by paramedical profession contracted by the insurance company. In some instances when you are applying for a life insurance policy involving a large amount, your medical examination can be taken by the actual doctor. Such tests include:
•    Taking your blood pressure readings
•    Draw a blood sample
•    Draw your urine sample
•    Listen to your heartbeat

Other questions that the insurance applicants will be asked include:
•    Your lifestyle habits such as drinking and smoking
•    Family medical information
•    Your medical information
•    Your Insurance history

After all the application questions and medical examination have been fulfilled, the final stage is the actual evaluation by the insurance company which is called the underwriting. Your possible premiums will depend on your eligibility and according to the results of the evaluation which is also according to the family or your medical history.  

There are various ways in which you can get a favourable or a good life insurance premium; avoiding hazardous habits such as smoking or excessive drinking can contribute greatly to decreasing your premiums. You can also watch your weight by observing your diet and exercising. The best insurance advice you can get is from the experts and professionals who have been giving life insurance advice for a quite deal of time. Mortgage Advice Services is your ideal partner; we have every solution to your life insurance queries. Contact Mortgage Advice Services and get the best life insurance policy you can find today http://www.mortgageadviceservices.co.uk/insurance/lifeAssurance/   

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