Posted by (InsurGuru©️Insurance College) In American society, "life insurance" is a basic financial instrument with a very comprehensive function, and it is the basis for the accumulation of family and personal wealth.This tool is also widely used in various fields of life and business to achieve the purpose of risk prevention and control, asset protection and wealth management.
According to statistics from MarketWatch, more than half of Americans (51%) in American society have life insurance policies.
ThenAs a U.S. green card holder, U.S. citizen, and U.S. resident, how should I apply for U.S. life insurance?What is the specific purchase process?American Life Insurance Guide©️Based on feedback from community brokers, a "Guide to Insurance for U.S. Residents" was drawn up for consumers' reference.
U.S. green card, what is the process for U.S. citizens to purchase U.S. insurance?
The first step is insurance policy consultation.When there is an idea of insuring, or a planning idea for a specific goal.Should contact and consult firstProfessional insurance consultant or insurance broker.Confirm the background and qualifications of the practitioners and which insurance companies they represent;
In the process of consultation and communication, understandBasic information of insurance company, The basic functional characteristics of the policy product.
In order to help policyholders understand the financial strengths and characteristics of different companies, the American Life Insurance Guide website provides a review of the “financial” (non-consumer insurance) business in the United States.The insurance company conducted a review.Click here for details.
The second step is policy planning.With the assistance of professionals, we will sort out basic information together; confirm what is the goal of purchasing the insurance policy and what is the actual demand.According to the actual target demand, determine the insurance company, policy product and policy design plan.
(Recommended reading:A trilogy of a guide to American life insurance(一) / (two) / (three))
The third step is to apply for an insurance policy.When the application is officially submitted, it is necessary to sign the documents authorizing the insurance company to inquire about medical information, credit records, and driving record files. At the same time, it is also necessary to prepare ID documents and fill in the application form correctly.
The fourth step is physical examination.If the sum assured or health condition does not meet the "No medical examination"In the application process, the insurance company will arrange to provide a medical examination. The medical examination process is completely free. For most American residents, there are more options for "exempt medical examination". For details, please click here to view"No medical examination"Insurance company ranking.
(Recommended reading:insurGuru©️Insurance Academy : Comprehensive guide to physical examination）
The fifth step is to sign the insurance policy.After the insurance company approves and prints the policy, it will passBroker or insurance consultantDelivery to the policyholder.The policyholder chooses to sign and accept the policy and begins to deposit premiums.
The sixth step, the policy takes effect.The policy has officially taken effect, and we have completed the entire application process.The duration of this process is between one week and one month. The processing of insurance policy applications for US green card holders and US citizens is generally carried out through the digital network, and the speed is significantly higher than that of traditional paper form applications.
U.S. green card, matters needing attention for U.S. citizens buying American life insurance
In general, U.S. citizens and green card holders are faced with a wealth of choices when configuring U.S. life insurance.
Due to the full market competition and the extremely subdivided professional market, in the face of exquisite products, for policyholders,The most important thing is to be clear, what is my goal in the end?What do I want?
Different insurance companies and different product lines are suitable for different social groups and functional purposes.
In our protection and wealth planning process, whether it is to allocate life insurance that includes major illnesses, or to plan for child protection, education fund planning, supplementary retirement income planning, or for asset protection, trust insurance policy establishment, wealth inheritance, inheritance Planning, only after sorting out the requirements and objectives, can we find a truly suitable product and design plan. (Finish)
(Extended reading:Can foreigners go to the U.S. to purchase U.S. life insurance, and what is the procedure for purchasing U.S. insurance?）
