When you are seeking out a life insurance policy you will need all sorts of information for the insurance company. It is crucial that you are able to give the insurance company all the correct information pertaining to the policy. Keep in mind that the insurer will ask you quite a few important questions before they are able to give you an accurate quote.
Firstly, before you even approach the life insurance companies, you need to do some research on the policies available to you. Read up about life insurance, and what it entails. Find out what your options are regarding life insurance and the types of policies you can take out. You might find that there are extras you can add onto your policy that you didn't know about before. You want to be able to approach each company knowing what to ask for, and you will only be able to do this if you conduct thorough research. When you know what sort of policy you are looking for, you must ensure that all the companies you approach will be able to offer you these types of packages. Before you jump the gun, ask around, speak to the insurance companies and find out whether or not they will be able to help you with the type of policy you need. Yes, there are many extra types of cover you can add onto your policy, such as disability cover and medical insurance, so you need to speak with the insurance companies to find out who can offer you what.
You will be asked many questions by the life insurance company when you are seeking quotes. It can be overwhelming and tiring to answer all these questions, but it is important that you take the time to answer all the questions accurately. The accuracy of the answers determines the quality of the quotes. If you are asked lifestyle questions, do NOT be tempted to lie. For example, they will ask you if you smoke. Do not lie and say you do not smoke so that you can obtain a lower premium. You will obtain a lower premium, but remember that an autopsy can show that you did smoke and could risk the payout to your beneficiaries.
You will need to give the insurance company a lot of personal medical information before they can give you an accurate quote. This means telling them about all your previous operations and illnesses. They will also need to know your immediate family's genetic illnesses. This might be a bit more difficult, and this is why you have to do some research before you seek out quotes. Speak to your immediate family and ask them how certain family members passed away. Get the medical questions you will be asked and ask your immediate family whether they know anyone in your bloodline who has suffered from each thing. If you are unsure of anything, or do not have the family to ask, rather tell your insurance broker that you do not know. This assists in giving you a more accurate quote. In addition to all this your insurance company will need your regular personal information such as your identity number and address.
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For the best life insurance cover in South Africa visit http://www.hollardlifeinsurance.co.za .
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