When you choose Quotacy for your life insurance needs, you apply conveniently online from the comfort of your own home. The online application only takes a few minutes, and then Quotacy reviews the form to determine we are not missing any information that would slow down the process.
We also check the company you chose to apply to to see if it fits your case best. As an example, if you state in your application that you smoke the occasional cigar and have applied to a company we know won’t offer the best price because of that, we will suggest the carrier that is more lenient. It’s important to note you can still apply with that original carrier, it’s completely your choice, we just want you to know your options. This process is the primary advantage of working through Quotacy’s multi-carrier environment.
After everything is complete, we securely email you a Kickoff doc (1-2 pages) to sign electronically (and securely!) so we can complete your application. It is then that we send the formal application to your chosen life insurance carrier. After they receive it, one of their representatives will contact you for a confidential phone interview.
Overview of the Phone Interview Process
The telephone interview will be conducted by an experienced insurance professional. If the day/time they call doesn’t work for you, you can reschedule. Another option is for you to call into the company directly and complete the interview at that time.
The interviewer will ask questions that will be used to complete your application for life insurance. Your privacy is important. All of the information you provide will be kept confidential and will be used only for consideration of the insurance coverage for which you apply.
All of the information you provide will be kept confidential and will be used only for consideration of the insurance coverage for which you apply.
Documents You’ll Need for the Interview
The interview will take about 30 minutes and you’ll want to have these documents on hand to complete the interview process:
- Your driver’s license number and Social Security number
- Names, addresses and phone numbers of doctors, hospitals/clinics you’ve visited in the past 10 years
- Reasons for and dates of medical treatment
- Names of any prescription medicines you are taking
- Other life insurance policies including company names, coverage amounts and policy numbers
- Financial information including income, assets, liabilities and net worth.
Completing the Phone Interview
Afterwards you will electronically (and securely) receive the application complete with your interview responses so you can review them. You’ll be required to sign the application to acknowledge it’s accurate and ready for official submission. Some carriers offer a verbal approval option during the interview in lieu of sending the application for a signature. Either way you will receive a copy of the completed application for your records.
The next step would be to complete your life insurance medical exam. Some carriers schedule the medical exam during the phone interview with you, some will call later to schedule it separately.
Not all of life insurance companies follow the same processes, but this is a general explanation of how the phone interview is conducted. If you’re ready to apply for life insurance, press the Choose button next to your choice of carriers on the quote you have run and follow the prompts. It’s easy, fast, and secure.
Photo credit to Taylor Grote
About the writer
Writer, Editor, and Co-host of Quotacy's Q&A Fridays
Natasha is the content manager and editor for Quotacy. She has been in the life insurance industry since 2010 and has been making life insurance easier to understand with her writing since 2014. When not at work, she's probably studying and working toward her Chartered Life Underwriter (CLU) designation while throwing a tennis ball for her pitbull mix, Emmett, or curled up on her couch watching Netflix. If it’s football season, the Packers game will be on. Connect with her on LinkedIn.