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FREQUENTLY ASKED QUESTIONS
List of frequently asked questions is given below
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What kind of life insurance coverage is this?

This coverage from Liberty Life Insurance Company, is a simplified issue term life insurance product. Many financial experts agree that term life insurance is the most economical insurance you can buy.


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Can I apply for coverage for someone else, like my spouse or child?
No. The applicant for the insurance policy must answer the health questions and sign the application through our e-Signature technology.
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How long will it take to find out if I qualify?

It usually takes no longer than 10 minutes to receive your coverage decision.


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Will my benefits ever decrease?
Liberty Life Insurance Company will never reduce your benefits or cancel your policy unless you do it yourself.
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What about my premium? Will the premium I’m quoted today ever go up?
NO. Your premiums for the coverage in which you initially enroll will never increase for the life of the term.
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Is there a free look period with this coverage?
YES. You have a full 31 days to decide if the coverage is right for your needs. If for any reason within those 31 days you choose not to take the coverage, return your policy for a full refund.
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Do I have to take a medical exam?
NO. You will have to answer only a few simple questions when applying for this term life coverage. There is no medical exam required.
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What exactly is an "e-signature?"
The e-signature is an electronic way to sign documents attesting to the validity of the information as it pertains to truthfulness. It is as legally valid as your manual signature.
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Why do you ask for my Social Security number on the application?
Asking for your Social Security number protects you from fraud and from other people potentially taking out a life insurance policy in your name.
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Is it safe to pass this information on the Internet?
YES. This site is completely secure. All necessary precautions and technologies have been put in place to protect our customers and their personal information.