Buying Term Life Insurance, Part V (Epilogue)
Tip It!Well, our term life insurance adventure has now come to an end… We just received word from IntelliQuote that our applications were approved, and that we now just need to sendd them a check so they can put our policies in force. The timing couldn’t be better, as our current term life policies are due to be renewed on November 1. Anyway, I thought it would be worth putting together a quick recap here…
We initiated our shopping expedition by poking around the big term life insurance web sites, and we ultimately decided to go with 20-year level term policies from Lincoln National Life that we found through IntelliQuote. We submitted our applications online on August 31, and we heard back from IntelliQuote within twelve hours. We then received our application packets in the mail just three days later. Next up was the medical exam. This ended up taking place 15 days after we originally submitted our application, although that’s partly my fault, as I had some work/travel-related scheduling difficulties. Since that point, we’ve just been waiting for the underwriting process to work its way to completion. All told, it took five and a half weeks from our initial contact to having our applications approved. Not too bad, and we even got a free medical exam, complete with detailed blood work, out of the deal.
Read Part I of Buying Term Life Insurance
Read Part II of Buying Term Life Insurance
Read Part III of Buying Term Life Insurance
Read Part IV of Buying Term Life Insurance
You are currently reading Part V
Published on October 12th, 2005 - One Comment
Filed under: Insurance
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» Buying Life Insurance (Again), Update #3» Buying Term Life Insurance, Part II
» One Year Ago This Week (October 8th – October 14th)
» Buying Term Life Insurance, Part IV
» Buying Term Life Insurance
» Buying Term Life Insurance, Part III
» Buying Term Life Insurance (Again), Update #4
» From the Archives (October 7th – October 13th)
Was this article useful? Please sign up to receive our content via e-mail:
One Response to “Buying Term Life Insurance, Part V (Epilogue)”
Leave a Reply
Top Cards by Category
Earn $200 Bonus Cash Back after you make $500 in purchases in your first 3 months. 5% Cash Back on up to $1,500 spent in bonus categories each quarter.
Earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else.
Earn up to 20,000 bonus miles with your first purchase 10,000 of which count as Medallion(R) Qualification Miles. Earn up to 5,000 bonus miles when you add two additional cards to your account with initial application.
Earn up to 5% cash back* in categories that change and enjoy a 0% introductory rate for 15 months on Balance Transfers and 15 months on Purchases.
Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*
Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*
Enjoy amenities for you and your business, like: complimentary airport club access, including American Airlines Admirals Club(R) lounges.
5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*. Up to 1% unlimited Cashback Bonus on everything else. No annual fee
Earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else.
Reports to 3 major credit bureaus monthly and acceptance at millions of locations worldwide, including website purchases and reservations.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Reduced Credit Limits? Share Your Experience
- $15,000 Homebuyer Tax Credit
- Ethanol Blended Gas = Lower Mileage?
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Federal Income Tax Rates Went Down but Your Federal Tax Withholding Increased. Here's Why...
- Would the "Fair Tax" Gut the Economy?
How to save money on insurance
- Double-Check Your Ally CDs
- Stocks are Not Bonds, CDs, or Savings Accounts
- The Best Values in Colleges - 2012 Edition
- Five Myths About Renter's Insurance
- Own Your Investments, Rent Your Fun
- Citibank to Issue Credit Cards in China
- Heartstrings and Pursestrings
- Saving Money at the Grocery Store: Store Brand Pricing on the Rise
- Missing Tax Paperwork?
- Is Your Investment Allocation Right?
November 4th, 2005 at 6:15 pm
Although it took several weeks, I’m glad you finally got term life insurance. Having helped write a website about life insurance, I know a little about the hoops people often have to jump through and the hassles that can come with getting life insurance. But, all told, I think it’s well worth it to have good life coverage.