Insurance

Complete Review Of Geico Life Insurance Policy

Complete Review Of Geico Life Insurance Policy

Everybody knows that GEICO will save them 15% or more on automobile insurance, but what if it is about protection for something a bit more sober than your Toyota. In this post we will talk about GEICO life insurance policy.

GEICO & Life Quotes Inc:

A little know truth regarding GEICO is that the organization itself doesn’t provide life-insurance. When you search over their site for life insurance policy, they will forward you to their associate agency, Life Quotes Inc.

Well, this company doesn’t provide life insurance coverage either. Rather, they work as a broker. They will have you respond a few queries regarding your well being and then provide you quote from insurance firms all over the web.

Again, I want to clear here, GEICO doesn’t provide life-insurance. If you carefully read the fine print on their site, they clearly mentioned that they don’t have any authority over Life Quotes Inc. and won’t be responsible for the organization’s practices.

Also you can find here Five Major Insurance Companies Worldwide

Eligibility for life-insurance:

Let’s say you comprehend GEICO’s insurance policy and are at ease with Life Quotes Inc. instead. What sort of queries will they inquire to decide if you are entitled for life-insurance? Here is a common idea:

  • What is your age?
  • Are you presently experiencing any medical problems?
  • Have you experienced any health problems in the previous 6 years?
  • What are your habits? Do you drink alcohol, smoke, etc?
  • Do you work out?
  • Have you ever been discovered with a chronic condition?

Complete Review Of Geico Life Insurance Policy

These queries are programmed to not just evaluate your present physical condition, but also how likely you’re to stay in great shape for years to come. For instance, one heart stroke 10 years back won’t exclude you automatically, but a record of TIAs (transient ischemic attacks) might give red flags.

As mentioned over their site, Life Quotes Inc. makes no assurances regarding your applications. They don’t have any control over the premiums or the prices you are provided; they are merely the mediator between you and actual life insurance agencies.

Geico Life Insurance Policyy

Comprehending the Jargon:

Most of the life insurance firms run on a tiered method where they classify potential clients into 1 of 3 or 4 groups. Each group will have diverse rates, and relying on things such as your health, age, and present medical problems, you may be categorized into:

  • Preferred – this group is for sound, capable persons with no health issues.
  • Standard – most insurers fall under this category, either due to they have had their own health problems in the past or because they’ve a family record of them.
  • Substandard – if you are wounded, disabled, or experiencing a continuing medical state, or if you have undergone something severe like a heart attack or stroke in the previous 6 years, you are measured as a high risk client and categorized as Substandard to the insurance agency.

So, now you must have been very clear about Geico life insurance. If you have anything to say, please leave your perspective below in the comment section.

12 Comments

12 Comments

  1. Tom Kalili

    March 6, 2017 at 1:54 pm

    Great Information. I was looking for this. Keep writing

    • Admin

      March 16, 2017 at 6:34 pm

      Thanks Mr.Tom.. We will be back soon with more other information. Please keep in touch.

  2. Tom Kalili

    March 7, 2017 at 3:48 pm

    Thanks Admin for these kind of information. Actually I wanted to learn abut this earlier. Keep it up.

    • Admin

      March 16, 2017 at 6:31 pm

      Thanks Mr.Tom…

  3. Hamish Waite

    March 15, 2017 at 6:33 pm

    Hi Admin, Completely worthy information. Keep it up.

    • Admin

      March 16, 2017 at 6:20 pm

      Thanks Hamish…

  4. Hildred Coffman

    March 16, 2017 at 3:08 pm

    An interesting discussion is definitely worth comment.
    I think that you should publish more about this subject matter, it might not be a taboo matter but usually people don’t speak about such subjects.
    To the next! Best wishes!!

    • Admin

      March 16, 2017 at 6:17 pm

      Thanks Hilred for your Compliments.. I will share more on this soon.

  5. Marvin Mcclendon

    March 16, 2017 at 6:38 pm

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    • Admin

      March 16, 2017 at 6:47 pm

      Thanks Marvin for your worthy words. We will be back soon for more information on this matter.

  6. Merlin

    March 16, 2017 at 9:09 pm

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    • Admin

      March 18, 2017 at 6:37 pm

      Thanks Merlin for your nice compliments.

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