Category: Life Insurance

Life insurance serves as an indispensable safeguard for your family in the event of an unforeseen demise. Unfortunately, not all life insurance policy applications secure approval. At Multisurance in New Orleans, LA, we can help clarify why your application was rejected and guide you through planning your next course of action.

Rest assured, options are still available for you to acquire life insurance coverage.

Review the Denial Letter

Generally, in the case of an application’s rejection, you will receive a letter explaining why your life insurance policy application did not proceed. This letter often contains intricate life insurance policy terminologies that may require further comprehension. Our expert team at Multisurance can help you understand these terms and conditions. This information becomes particularly useful if your application was denied due to a medical condition. During the appeal process, you can submit your medical records indicating that your condition is in remission or is non-life-threatening.

Appeal the Decision

If you disagree with the decision, you have the right to appeal. Instructions on how to file an appeal should be outlined in the denial letter. You will have to provide evidence to support your case. In some instances, you may have inadvertently omitted crucial documents during your application process, which could have resulted in your application’s approval. Your application may have been denied due to the absence of certain records, such as your medical, driving, and financial history. Resubmission of all required paperwork could potentially overturn the initial decision.

Consider Group Life Insurance Policy

If you ever find yourself denied life insurance, remember not to despair; you still have other alternatives. A popular choice among such options is your employer’s group life insurance plan. The application process is relatively quick and user-friendly, with a decision typically made within 24 hours. No medical examination is required for approval. However, be mindful that the coverage ceases if you depart from the company.

Families are searching for the most suitable life insurance coverage tailored to their specific needs. At Multisurance in New Orleans, LA, we offer various policy options that provide lasting security. Contact us today to schedule an appointment.

When you are thinking about the role of life insurance in your life and your financial plans, you need to have an insurance agent you trust. At MultiSurance in New Orleans, LA, we understand the importance of life insurance, and we will be here to make recommendations and answer any questions you may have. 

Impactful Life Events

When you buy a house

Buying a first house is, for many people, their first adult event, and at this point, it is time to start thinking like an adult and planning for the future. You also need to have a secure plan for your life and who will be responsible for your home and final plans if you pass away.

When you get married

When you get married, you need to take a look at your beneficiaries and how much life insurance both of you have. You not only need to provide for your partner, but you need to be provided for as well if it takes two incomes to maintain your lifestyle. 

When you start a family

Having children is one of the biggest changes that will ever happen in your life. You take on responsibility for other lives for a minimum of 18 years and, in some cases, forever. This level of commitment requires life insurance to back it up. Making sure that your children are covered for the number of years you determine is necessary requires serious thought. 

When you change jobs

Changing jobs means that your benefits change and if you are counting on the life insurance that you get as part of your job, you need to make sure that the amount is replaced at your new job. It is always best to consider this only as a supplement, not as your main life insurance. 

Reach Out To Us

Contact us at MultiSurance in New Orleans, LA for your life insurance needs. 

If you’re in the market for a life insurance policy, you may wonder which type you should choose. There are two main kinds of this insurance, and one of those is called whole life. This is a type that comes with several important benefits as well as its own drawbacks. When you need life insurance, just give us a call at MultiSurance in New Orleans, LA.

Whole Life

This type of life insurance covers you for your whole life. That means that it won’t expire at a certain date as other policies do. It stays good for as long as you keep up the premium payments. No matter how old you get, the policy will still be in effect. This is one of the benefits that make this type of policy popular. If you were to get a term policy instead, it would only be good for a certain number of years and then expire. With whole life, you get the peace of mind of knowing that you don’t have to worry about it expiring and leaving you without coverage. 

Builds a Cash Value

Another important benefit of this policy is that it will slowly build up a cash value over the years. When your premiums are paid, the insurance company invests them to make its profits. A small portion of those profits go into your cash value. When this amount has built up to a significant amount, it can come in handy for a financial emergency. You can borrow against that amount when you need to. The amount is then paid back like any other loan. If you pass away before it’s paid back, the remaining amount is simply deducted from the death benefit. 

Get Whole Life Insurance 

If you want a whole life policy to protect your family, call us today at MultiSurance in New Orleans, LA.