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The Process Of Selling A Life Insurance Policy

The Underwriting Process

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Once your application is submitted, the broker or purchasing company will begin their underwriting process. The underwriting process assesses whether your policy and medical condition are salable.

If it hasn't already, the potential purchaser will obtain copies of your medical records and verification of your insurance coverage - confirming the amount of the death benefit, effective date of issue, existence of any loans or liens, and all other policy provisions.

While a few larger purchasers evaluate your medical condition in-house, most purchasers send your records to a third party for evaluation - a very good reason to be certain that you are dealing with a reputable firm.


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