Last Updated on March 9, 2021
3. Do An Insurability Self-Evaluation
You should know that when you lose life insurance and apply for a new one, your insurer must evaluate your application before granting you one. In this situation, it is better if you do that life insurance evaluation by yourself ahead. In other words, you evaluate your application on your own.
How to do that? You should be acquainted with the essential factors the insurer checks before selling you a life policy. Those main factors are your age, health status, driving record, and the criminal one. These criteria could put you in the “high-risk” category as they could not. You do not want to be on that after losing a life insurance. But if you do, you can still stick with other options, which might be expensive, but they are better than no life insurance at all.
