A rate quote or illustration is an estimate of what the premiums of an insurance policy will be. They are provided by the insurance company, broker or agent. They are not guaranteed but best guess based on the information you provided. The actual premiums and coverage will be based on age, gender, health history, insurance companies’ experience, certain other underwriting criteria, driving history, and tobacco usage.

No. Provided the quote is from the same life insurance carrier (for example: Prudential, MassMutual, Met Life etc.) and uses the same risk class, the rates will be the same because the life insurance companies, not agents or brokers, set the pricing. In fact, BeamaLife encourages comparison shopping because we believe our licensed sales team, informative product descriptions and easy-to-use website are a step ahead of the competition. We provide the full range of life insurance products not just the basic "Term" insurance with expert advice and unparallel service.

Our mission is to help consumers learn about life insurance and to help them protect themselves and their families' future by developing a solid insurance or financial plan. If you decide to choose us as your life insurance broker and we complete the process of providing you with a policy, we are paid by the life insurance company.

Yes. If at any time during the application process you change your mind for any reason whatsoever, you will receive a full refund, no questions asked. This guarantee continues until ten to thirty full days (depending your state of resident) after your policy is delivered to you.

There are two ways to calculate how much life insurance is enough.

• Human Life Value

This method looks at your income and age and estimates how much your family would lose if you were suddenly passed away. For example, if you are 40 years of age and make around $100,000 a year. If you were to die, your family’s financial loss would be approximately more than $2.5 million. This would therefore be a good ballpark amount to be insured for.

• Need-Based

This method involves estimating your family’s financial burden going forward and basing your insurance policy on that. Here is a link to our life insurance calculator for doing this.

Most insurance companies request that consumers have a valid green card and have been a permanent resident for at least one year in order to provide you with coverage. However, certain companies do offer insurance to individuals who have temporary visas such as: H1b, H4, L1 and individuals with student visas and a valid Social Security number. Please contact one of our sales specialists at (866) 972-3262 for further details regarding your specific circumstances.

While it may be possible to obtain life insurance, your premiums will be higher if your current or past medical history contains significant health concerns. Depending on the frequency and severity of your medical condition, most insurance companies have some form of insurance available.

While it may be possible to obtain life insurance, your premiums will be higher if your current or past medical history contains significant health concerns. Depending on the frequency and severity of your medical condition, most insurance companies have some form of insurance available.

That's why the information you provide during the initial application process is so important. When information that was not submitted on the initial application is revealed during the underwriting process, it further delays the research into finding the correct policy for an elevated-risk candidate. Due to the length of time the Underwriting process can take, (up to 4-6 weeks), having all pertinent information in the beginning allows Beamalife to customize our coverage requests to the various insurance companies to seek the best price and a successful approval process.

Underwriters decide if insurance is provided and under what terms. They are needed to identify and calculate the risk of loss from policyholders, establish who receives a policy, determine the appropriate premium, and write policies that cover this risk. Underwriters analyze information in insurance applications to determine whether a risk is acceptable and will not result in a loss. Insurance applications often are supplemented with medical reports, reports from data vendors, and actuarial studies. Underwriters then must decide whether to issue the policy and, if so, determine the appropriate rating class and premium to charge.

If the underwriters determine that either a medical condition exists or other factors revealed during the evaluation process have placed you in an "Elevated Risk" class, your premiums will increase. That is why completing the application as accurately as possible allows BeamaLife to quote rates that will be the closest match to your final premiums. We will contact you if a rate class has changed and the amounts we quoted are no longer the same. We can also work with you to adjust the type or amount of coverage in order to keep the premiums similar to the original quote.

Life insurance rates for individuals who use tobacco products (smoking, chewing tobacco etc.) are often much higher than someone who does not; due to the increase in health problems associated with tobacco use. In most cases life insurance companies require that you be smoke-free for at least one year for standard underwriting class and 3 to 5 years for preferred class. If you are chewing tobacco and not smoking, BeamaLife might able to get you a non-smoker rate. Please call (866) 972-3262 to speak with one of our specialists now.

Most insurance companies require a medical exam. They are fast, easy and convenient. There is no cost, you choose the best time and place; including evenings or weekends and they are usually done at your home.

The exam is conducted by a licensed paramedic or medical doctor. They include a blood test, blood pressure reading, height and weight measurement, urine specimen, and may include an EKG. The examiner will also ask a series of questions about your health and family medical history. The whole process takes about 20-30 minutes.

Depending on your specific circumstances (e.g. age, amount of insurance, medical history, etc.) the insurance company may require additional testing or information. These requirements do not apply to all applicants. Other requirements that may be included are: Chest X-ray, Treadmill Test, Attending Physician's Statement, Medical Records and a Motor Vehicle Report.

BeamaLife also offers No-Exam life insurance policies as well. Please call (866) 972-3262 to speak with one of our specialists if you would like to know more about it.

During the process of applying for life insurance, each carrier considers a variety of factors to determine whether you present an elevated health risk which will affect how much your premium will be. The people who perform this task are called Underwriters. Once these factors have been evaluated, you are assigned a rating or health class. Each carrier differs in terms of how each rating factor is reviewed and weighted, but all use sophisticated techniques, specialists and a broad range of statistics to determine the level of risk you represent. The lower your health rating class is, the higher your premiums will be.

Here are some of the specific factors:

• Blood Pressure
• Cholesterol Level/Ratio
• Family Medical History Hazardous Activities
• Mental Health/Depression
• Driving Record
• Credit History
• Travel Habits
• Height/Weight

The factors used by each insurance company, and the methods in which they "rank" them varies based on each company's underwriting policies. There are four main health rating categories in the Non-Smoking Class (from Preferred Best to Standard) and two (Preferred and Standard) in the Smoking Class.

These are rate increases that are added to normal premium amounts to address situations or previous medical conditions that may represent an elevated or substandard risk for the insurance company. Each is defined below:

Insurance companies sometimes use a "Table Rating" to calculate your premiums. If you have a pre-existing health condition or one that is uncovered during the medical examination the insurance company may increase the premiums for life insurance based on the increased or "sub-standard" risk.

Most companies may also add a "Flat Extra" to the cost of a policy. Typically a flat extra is used for people who have had a serious disease in their medical history, or perhaps a recent DUI, it basically addresses the fact that there may have been a previous condition or issue that that no longer exists but creates an elevated risk based on the history of the applicant. These are similar to table ratings in that they usually have a time period associated with them (only for 5 or 10 years) and then they are no longer charged.

Your policy will never be cancelled by the insurer because of a change in your health: as long as the premiums are paid the policy will remain in effect. You, as the insured, may cancel the policy whenever you wish for any reason.

The process is quite simple, you begin by either completing the life insurance quote request or you may choose to contact one of our Sales Specialists at (866) 972-3262. We will then review your information and search from over 100 of the highest rated insurance companies to find the best products and rates for your needs. After assisting you in choosing the best plan we complete the application process, schedule the medical examination, guide you through the underwriting process and deliver the final policy. (Provided you are approved for life insurance by the company selling the product).

The length of the process depends on many factors, but you can generally expect to receive your new policy 4-6 weeks after submitting your application.

All checks are made payable to the individual Life Insurance Company that will be chosen during the selection process. We do not accept checks made payable to BeamaLife.

BeamaLife is not an insurance company but offers the full range of life insurance solution from all of the major insurance companies including Whole Life Insurance, Universal Life Insurance, Return of Premium Term Insurance & Simple Term Life, College Savings, Retirement Savings, Long Term Care Insurance, Disability Income Insurance and Fixed Annuities. We are a nationwide company and licensed in all 50 States and the District of Columbia.