Q & A: General Questions
Why do I need life insurance?
Life insurance is the best way to show your loved ones you care about their well-being, and to provide them financial peace of mind in case the unexpected happened to you. Life insurance is an excellent source of income replacement for anyone with financial dependents who want to make sure those they care about can maintain their current standard of living under any circumstance.
What is a good age to buy life insurance?
The best age to buy life insurance is right now. Every year that goes by, your price will get higher with age. When you have financial dependents or outstanding debt that would be passed along to your loved ones, you’re even more in need of life insurance. It’s never too soon to buy life insurance, it’s only too late.
Does everyone need life insurance?
No, not everyone needs life insurance; however, if there are people who would be negatively affected financially if you died, then you need life insurance.
If I own a business, can Quotacy service a more complex life insurance need?
Yes. Quotacy online is designed for term insurance products, but our licensed agents can assist you with ideas that are time proven in the life insurance industry. Complex life insurance scenarios like estate planning, buy-sell insurance needs, and key person coverage are not easily accomplished with any web based tools, but these needs can be fulfilled by contacting our office directly.
What if I need to make changes to my policy after it’s in force?
Give us a call or send us an email. We are here for you both today and in the future. There are many pitfalls and options in changing an existing life insurance policy and our Quotacy team will help you with your objectives.
Will I be able to reach out to Quotacy in the future if my insurance needs change?
Yes! We want you to see us as your one-stop-shop for all of your life insurance needs now and in the years to come as your lifestyle evolves and changes.
Can I buy more than just term life insurance through Quotacy?
We believe that most people need term life insurance. However, there are times when other types of insurance may just fit the situation. While Quotacy only provides online term insurance rates and resources, our agents can consult with you and provide you with quotes for any type of life insurance product you need from universal life and indexed universal life, to cash accumulation whole life policies, disability insurance and even long term care insurance.
If I have life insurance through work, can I get another policy through Quotacy?
Yes. In fact we encourage you to have both. You should always have more than just your employer sponsored life insurance because when you leave that job, get sick and can’t work, or get laid off, your employers life insurance is terminated as well.
Can I apply at more than one insurance company at a time?
You always have the right to contact or use multiple companies in your search for life insurance. However, it doesn’t put you at an advantage by applying at more than one at a time. Quotacy does that for you by looking at the company you’ve applied for and based on your unique situation, from health conditions to tobacco use, we know which carriers will approve you at the best rate.
Can someone buy life insurance on me without my permission?
It is nearly impossible to do so because life insurance companies implement many obstacles in the life insurance buying process that are designed to prevent insurance fraud. The only case in which someone can purchase life insurance on another human without their permission is when parents buy a policy (typically a child whole life policy) on their minor child.