Life Insurance Buying Process | Step-by-Step Guide

For many people, buying life insurance feels complicated — but it doesn’t have to be. The process is much simpler than most expect, especially when you work with a licensed agent who guides you every step of the way.

Step 1: Assess Your Needs

Before looking at policies, figure out why you’re buying life insurance and who you’re protecting.
Ask yourself:

• How much income would my family need if I weren’t here?

• Do I have debts that should be paid off (mortgage, loans)?

• Are there future expenses I want covered (college, retirement for my spouse)?

Step 2: Choose the Right Policy Type

Your needs will determine whether you choose:

• Term Life – Affordable, fixed coverage for a set time (10–30 years).

• Whole Life – Permanent coverage with a cash value component.

• Indexed Universal Life (IUL) – Permanent coverage with flexible payments and cash value growth tied to a market index.

Step 3: Compare Carriers

Not all insurance companies are created equal. A good agent will:

• Compare rates from multiple companies

• Look at financial strength ratings

• Match benefits to your goals and budget

Step 4: Apply

With Imperial Insurance Team, you don’t need a medical exam. Approval is based on:

• A simple health questionnaire

• A review of your medical records

Step 5: Underwriting & Approval

The insurer reviews your application and health information. Many policies are approved in 24–48 hours.

Step 6: Review & Activate

Read your policy carefully, confirm the coverage amount, and name the correct beneficiaries. Store your policy in a safe, easy-to-access place.

📞 Start your application today by calling (984) 296-4977 or emailing info@imperialinsuranceteam.com.