FREQUENTLY ASKED QUESTIONS

HOW DO I DETERMINE HOW MUCH COVERAGE I NEED?

This answer varies for everyone, but here are some of the variables that you need to consider:

  • Funeral expenses

  • Consumer debt (credit cards, auto loans, personal loans)

  • Mortgage debt

  • College funding 

  • Continuation of lifestyle / Leaving a legacy

Here's a great resource to calculate what you need. You can also call us directly and we can walk you through a needs analysis

WHAT FACTORS DETERMINE MY HEALTH RATING?

  • Policy details, coverages, and length

  • Health

  • Smoking/Non-smoking 

  • Age

  • Gender

  • Hobbies/Extracurricular Activities

WHAT INSURANCE COMPANIES DO YOU WORK WITH?

At BC Brokerage, we only work with:

  • A-Rated Carriers

  • Carriers with strong claims paying ability

  • Household names

WHO HELPS ME THROUGH THE PROCESS?

  • 1 point of contact

  • Weekly Updates

  • 100% Paperless and Electronic Process

  • Referrals to Fee Only CFPs, Estate Planning Attorneys, CPAs/tax preparers, Property and Casualty agents.

WILL I NEED TO TAKE A MEDICAL EXAM?

It depends.

  • Those Standard or better health can qualify for accelerated underwriting. For some carriers, credit is taken into consideration. If you credit is poor, we will be sure to pair you with a carrier that doesn't take this into consideration

  • Below Standard health ratings (many prescriptions, surgeries, high death benefit amounts, above age 60)

HOW HAS COVID-19 CHANGED THINGS?

  • Many carriers have updated their accelerated underwriting programs. Many carriers have switched to non-medical / tele interviews. One carrier we work with uses your True Risk Life Assessment which takes into account credit score

  • Carriers won't underwrite you if you have had coronavirus within 30 days of application (some carriers are longer.)

  • Upon delivery of a policy, there will also be a statement of good health that needs to be signed, stating that you haven't been around anyone with coronavirus or have had coronavirus yourself since the time of application. 

 

GET IN TOUCH

P.O. Box 441032
Indianapolis, IN, 46244

765.730.7146

  • LinkedIn
  • Facebook
  • Instagram

Address

P.O. Box 441032
Indianapolis, IN, 46244

Contact

765.730.7146

Follow

  • LinkedIn
  • Facebook
  • Instagram