Term Life Insurance is back in 2023

Welcome to the Year 2023. Although the insurance market in California is struggling in many sectors - Term Life Issuance is back in 2023.

Marindependent Insurance Services LLC is back putting selective term life insurance policies into place. All term lenghts 10Y, 20Y, 30Y and either the less common 15Y and 25Y policies are being issued by insurers. In our humble opinion insurance companies seem to be stepping back into it.

Rates are Solid, Underwriting Is Back, Options are Open.

How a Simple Term Life App Works: Getting a Life Insurance Quote can be Easy, but Getting an Actual Policy can be complex.

The typical process to purchase Term Insurance [we rarely if ever sell the more complex types of insurance such as Cash Value] is that we have an initial conversation with the client to discover any potential underwriting hang ups. These include [and certainly not limited to] hang gliding, high cholesterol, use of asthma meds, foreign travel, etc. We take this information and review underwriting information of about a dozen life insurers.

We then present you with a series of term life insurance estimates. You choose one and you apply. Once the application is submitted, often a paramed visit will be requested at a location of your choosing. After all documents are signed, the paramed is completed - an offer of insurance may be presented.

If that offer of insurance is not what you are looking for - further options may be available. We write with numerous A- and higher rate insurers.

Whatever you do, do not just think that the life insurance quote from State Farm, Farmers, or AAA is your best bet. Many insurers have different underwriting criteria. One insurer may only write diabetics at one level, while another insurer will take it at a better [ or cheaper] level.

It can pay to shop with term insurance.

Scott W Johnson, is the owner of Marindependent Insurance Service LLC, based in Mill Valley California. CA Lic oH11625.