All checks should be made out to the insurance company that is providing your coverage. There are different options for paying your premium. You can be billed direct annually, semiannually or quarterly, or your payment can be drafted from your checking account monthly. If you want conditional or binding coverage during the underwriting period, please ask your online specialist. This will require immediate payment, but gives you the security of knowing you have conditional coverage until the underwriting process is completed.
Conditional coverage has limits.
Additionally, if it is determined during the underwriting process that you are not a standard underwriting risk, the insurance company may return your money and no coverage will be in effect. If this is the case, please let our online specialist know so that he can find you the best company and best life insurance quote for your situation. As a smoker, the rates for life insurance are much higher so it is important that you choose a company with a more lenient attitude toward the occasional smoker. A rider is simply an additional provision that can be added on your policy. Some riders are free of charge and others add significantly to your premium.