How do I buy life insurance through Savvy if I’m over 50?

You can purchase your life insurance through Savvy in just a few simple steps. To buy a life insurance policy, simply: Get a quote : you'll need to provide some background on who you are and what your insurance needs are. This normally entails supplying some personal information (such as your date of birth, contact information, whether or not you smoke and your occupation) and selecting the desired level of insurance coverage. Compare with Savvy: after doing so, you can compare various plans and premium quotes side-by-side through us. After doing some research and making a decision, you can arrange for a life insurance expert to contact you to go through the specifics of your policy. Purchase your policy: after consulting with your life insurance advisor, you can go ahead with the purchase of the policy that best suits your needs. The beginning of your cover may take anywhere from two weeks to two years, depending on the policy.

What happens if my life insurance claim is rejected?

If your life insurance company has knocked back your claim, you have the right to appeal their decision. The decision isn’t final and there are steps you can take to try and get a claim approved, including obtaining legal advice and asking for an internal review. Before doing so, however, it’s best to check over your fine print and double-check that what you’re claiming is covered under your policy.

Can my children be beneficiaries of my life insurance payout?

Yes – you can name your children as beneficiaries of your life insurance payout. In most cases, your child will need to be 18 years old at the time of your death to receive the payout. If they aren’t, the money will be held in a trust by a legal guardian until they’re old enough to claim it.

Should I opt for the cheapest life insurance policy?

While choosing the cheapest life insurance policy on the market may save you a few dollars when you buy it, it may not be the best option for you and your family in the long term if it offers inferior coverage or more exclusions than a more expensive policy. Take the time to consider which policy offers the most suitable coverage at the most reasonable price.

Can I get life insurance without taking a medical exam?

Yes – medical exams aren’t always a requirement when purchasing life insurance, as some insurers won’t conduct them during the application process. Check with your insurer if you’re unsure about whether you’ll need to complete a medical exam as part of this process.