Questions to Ask a Life Insurance Company


Buying a life insurance policy is a big decision. Choosing your life insurance company should be too. Ask these important questions when shopping for a life insurance company to make sure you're picking one that aligns with your needs, your budget, and your even your personality! 

Do I have to get a medical exam? 

Some life insurance companies require a medical exam during the application process, which can be inconvenient. At Direct Auto Insurance, we don't require a medical exam. You just have to answer a few simple health-related questions. There are no doctor's appointments to hassle with, no blood tests to feel woozy from, and no need to provide personal details like your height and weight. 

Can I get a policy without a checking account or credit card?  

Not all life insurance companies offer multiple payment methods to get your policy started. They may require that you keep a credit card on file, or may not have any physical locations that make it easy for you to pay in cash or check. If making your policy as affordable as possible is important to you, this is a key area to pay attention to. Ask about the type of payment methods the company accepts (like pay-by-text, cash, check, etc.). At Direct Auto, having a checking account or credit card isn't a requirement for getting a life insurance quote or policy, which leads us to the next question...

What kind of flexibility do I have with my payments?

Ask whether or not your payments can be adjusted to better fit your budget. For instance, can you determine your down payment amount? Can you choose the time of the month you make your payment (like at the beginning or end of the month), and do you have the option to pay in-person? The more flexibility you have, the more you can stay in control of your finances. 

How can I save more money on my insurance? 

Choosing a life insurance company that offers flexible payment options is one of the best ways to make your insurance more affordable, but taking advantage of available discounts is another way. For example, at Direct Auto you could save up to 5% with a Multi-Product discount* if you have both an Auto and Life Insurance policy, or another qualifying product like an Emergency Protection Plan and sometimes Roadside Assistance.Details vary by state. 

Will my life insurance premium change during the term of my policy? 

At Direct Auto, you're guaranteed renewal for two years at the same premium.** At other insurance companies, whether or not your premiums remain the same for the entire term period or increase over time will depend on the type of term policy you purchase. That is to say, they could go up! Premiums could stay level, increase, or be guaranteed in the policy for a specific period of time and then go up thereafter. 

Can my term life policy be canceled if I get sick?   

Let's say you buy a term life insurance policy with a term of 12 months. About four months into the policy, you're diagnosed with cancer. Can your term life insurance company cancel on you? The short answer, no. As long as you pay your premiums, the term life insurance company cannot cancel your policy within the term. 

Come to Direct Auto with your questions!

Direct Auto is here to serve you every step of the way, from quote to policy to payment. Get a free Life Insurance quote online, at a Direct Auto location near you, or over the phone at 1-877-GO-DIRECT. And if you're not ready to buy Term Life Insurance, you can still call and ask any life insurance questions. We look forward to talking with you!


*Discounts may only apply to certain coverages and are subject to terms and conditions and may not be available in all states or distribution channels. Price may vary depending on how you buy.

**Policy terms and conditions apply. Individual term life insurance by Direct General Life Insurance Company, Nashville, TN. Policy 58TL02010713. Premium and other terms will vary by state, the insured's age, and the selected coverage.