How To Get A Million Dollar Life Insurance Policy?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaYou have to justify the amount of coverage for any life insurance policy. If you’re assets or financial liabilities warrant a million dollar policy, then most life insurance companies will be willing to issue the policy. Keep in mind that actual earnings can bemused in the calculation for a million dollars of coverage if assets or liabilities don’t generate enough justification.Answered on June 9, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.To get a million dollar life insurance policy, first try looking at some quotes on a website quote engine to get an idea of what they run. If you have a health condition, you need to use a quote engine that includes that, or call or email an agent that specializes in that type of health condition to get your quote. In the end, it is always a good idea to talk to someone for a policy of that size, as you can save hundreds or thousands of dollars by being placed with one company over another.Answered on June 9, 2013flag this answer
5877 POINTSview profileStan Cox IIInsurance Adviser - Broker, SC Insurance Services, Oahu, HawaiiUnfortunately money is not the simple answer. Money alone can not qualify a person for insurance unless it's a guaranteed issue type. In that case however a million dollar policy is not available. So one must qualify for a million dollar policy by 1) health 2) age 3) income and 4) ability to pay. The last 2 may seem to be the same, but they're not. Most insurance companies limit the amount of insurance they will issue to a certain multiplier of the annual income of the insured based on their age.Answered on August 5, 2015flag this answer
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