Does Applying Lock Me In?
No, you are not bound to the
coverage until you make your first payment on an issued disability
insurance policy. This makes us prove to you that we can issue the
coverage we quote you. If we can't do what we say we can, then you
don't have to take the policy.
Do I Send in a Check?
The option is yours. You may only send
in a check if your health history is perfect, as this means you
are receiving a conditional receipt for the application. It also
means you will be responsible for paying premiums from the date
you sign the application. If you don't send a check, you have no
coverage until you have an issued disability policy you choose to
accept. All conditions as outlined in the conditional receipt must
be met or there is no liability on the part of the disability insurance
company.
Who Witnesses The Signatures?
Anybody. You can have a friend, relative,
co-worker, etc... As long as somebody witnesses the signatures we
are ok. It does not have to be a notary. It must be a person who
can identify the applicant and attest to the fact that he/she signed
his/her name to the application.
Can I Apply with multiple
disability insurance companies?
No, if we find out there is a concurrent
application with another company we will stop underwriting the application,
and cease communication. This is a huge waste of our time and money.
You may have chosen to take our coverage over the other companies,
but some people try to over-insure themselves in this fashion by
hiding one of the policies. All it ends up doing is resulting in
a recision of coverage.
Disability
Income Insurance
