The death of a loved one is a loss no one wants to face, but unfortunately, it’s a reality that your family will have to deal with at some point. Applying for Life insurance for you or your spouse could help give you peace of mind. And when you do a little planning beforehand, it may make the application process smoother. Take some time to prepare with this helpful checklist.
1. Who do you want to help protect?
-
Children
-
Husband/wife/partner
-
Parents
2. How might your family use the benefit money?
3. What is your total debt?
-
Remaining mortgage balance or monthly rent:
-
Student loans (yours and loans where you’re a cosigner):
-
Credit card, taxes, and other debt:
-
Health insurance costs:
-
Medical bills:
4. What should you consider when applying?
-
Application process
-
Insurability requirements like an in-home or office medical exam
-
Have any pre-existing medical conditions?
-
Budget: how much are you comfortable spending on premiums?
5. How long would you need coverage for?
6. How much coverage do you think you may need?
A needs estimator can help you figure it out in a few minutes.
7. Will you name a beneficiary?
Primary:
Contingent:
You may also have to share:
-
medical history and information
-
family’s medical history
-
employment information
-
risky hobbies (skydiving, rock-climbing, etc.)
What to do next
If you’re searching for a life insurance plan, learn more about Plans that are endorsed by the AICPA. Plans offered by the AICPA provide flexible coverage amounts and you can keep your coverage as long as you maintain your membership.
Coverage is issued by The Prudential Insurance Company of America, a trusted, A+ Superior-rated Insurance provider, as rated by A.M. Best.†
______________________________________________________________________________________
†The Prudential Insurance Company of America has an A+ Financial Strength Rating from A.M. Best. A rating of A+ is the second highest of thirteen rating categories A.M. Best extends. The rating is an opinion on the insurer’s financial strength and ability to meet its insurance policy and contractual obligation. Ratings are as of February 6, 2024 and are not a guarantee of future financial strength or claims paying ability. The ratings are subject to change and do not reflect any subsequent rating agency action.
Aon Insurance Services is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc. (TX 13695) (AR 100106022); in CA and MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services Inc.; in CA, Aon Affinity Insurance Services, Inc. (CA 0G94493), Aon Direct Insurance Administrators, and Berkely Insurance Agency; and in NY, AIS Affinity Insurance Agency.
Group Insurance coverages are issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply.
1058809-00002-00