What to Expect

A Quick Overview 

Getting life insurance can be quite a process, but we’re with you every step!

First, we’ll get to know you and how life insurance can help your specific situation. We’ll recommend something based on your age, gender, health, and lifestyle. You’ll apply for the insurance by answering lots of questions about those things. 

After we send in your application, the insurance company might ask you to verify or give further info. Once they’ve reviewed everything, they’ll make you an offer. If we all like it, you accept, and you’re insured!


Learn more about each step of the process

The first step in getting you insured is to get to know you – what your specific life circumstances and goals are, and how life insurance can help. Then we’ll do an application, which is totally cost and commitment-free.

We’ll recommend the life insurance company that has the best option for you. We use industry rules of thumb to figure out how much you need, and how much it’ll cost. Our team will take your details for your application.

The insurance company needs to know all about you – where you work, how much you make, your family medical history, if you smoke…what you smoke. They’ve got a lot of questions, so prepare to share! It’s important to be totally transparent at this stage, otherwise you risk jeopardizing a potential claim.

You’ll answer these questions with one of us, either over the phone or in person, which takes about 20-30 minutes. To complete your application, you’ll sign off on a bunch of documents – at this stage, your signature only means you’re asking them to consider you.

Once we’ve submitted your application, the insurance company we’re applying with might ask for further info or verification.

They might call you to ask you some more questions (usually about your health and lifestyle) or to verify your details.

If you do any “high risk” activities (like skydiving or backcountry skiing), there could be additional forms for you to fill out and sign.

They could also ask for your driving record, a report from your doctor, and potentially even a blood and urine sample.

They’ll gather all the information they need from a number of sources to make you an offer.

Once the insurance company has reviewed everything, they’ll make you an offer of insurance.

They could say you’re a “standard risk” (which means average in their eyes) or they might give you a “risk rating.”

That means there’s something about your health or lifestyle they’re concerned about (might be the pickleball), and they want you to pay them more to insure that additional risk.

If their offer lines up with what we estimated, our original recommendation should be accurate.

If not, we’ll re-work the numbers, or explore offers with a different insurance company. They don’t all assess things the same way.

+ Step 4: ACCEPT 

Once you have an offer we’re all happy with, you can accept by signing on the dotted line. Congratulations! You now have life insurance. 

The insurance company will send you your policy and you’ve officially got yourself a contract.

We don’t just leave you here. We’ll stay in touch, checking in with you at least once a year to review your policy and send you an annual statement.

We also want to make sure your life insurance continues to meet your needs over time; so please let us know of any big changes in your life – health, wealth, or otherwise (like if you move, have a kid, get married or divorced).

We also always monitor what products are available on the market, so we may reach out if we find something that could better suit your needs.

Welcome to the Allan Financial family! We want you to enjoy your life. We’ve got a great community of financial experts and a bunch of free resources. Ready to begin?