Best Life Insurance Companies in Torrance

Frequently Asked Questions

• Can you finish your life insurance application's medical examination via telemedicine in Torrance?

  Yes, you can use telemedicine to complete the medical examination required as part of your Torrance life insurance application. Telemedicine is the use of electronic information and communication technology to deliver and assist medical care when participants are geographically separated. Alternatively, if you are unable or unwilling to travel for the medical examination, your potential life insurance company may send a medical expert to your home upon request.

• What should you do if Torrance life insurance companies reject your application because of mental health problems?

  If your application for life insurance in Torrance is denied due to mental illness, you may: 

  • Consider purchasing guaranteed issue life insurance, which typically does not require a physical or a lot of personal information about your health.
  • Look for insurance coverage from a different insurance company that may have more flexible underwriting standards for mental health disorders.
  • Improve your mental health by seeking help and keeping things stable.

• If your family has a history of high cholesterol, can you still receive life insurance in Torrance?

  Yes, you can buy life insurance in Torrance even if you have a family history of high cholesterol. Insurance companies consider your family history, but it is not the only factor they consider when deciding whether to accept or reject your application. In order to determine the terms and availability of a life insurance policy, insurers will consider your personal health, cholesterol levels, and other relevant data.

• For the purposes of life insurance in Torrance, what is considered a chronic condition?

  In the context of insurance in Torrance, a chronic illness is typically defined as a persistent ailment that prevents you from performing at least two of the six essential daily activities: eating, using the restroom, maintaining personal hygiene, clothing, walking, and continence. If your life insurance policy includes a chronic disease rider, you must normally be unable to perform two daily activities in order for the rider to be activated.

• What elements impact your eligibility for waiver of premium disability rider in Torrance?

  Your age, occupation, hobbies, general health, and current medical conditions all have an impact on your eligibility for Torrance's premium waiver disability rider. These factors may also have an impact on the price you must pay for the rider. Most insurance companies will not provide this rider to anyone over the age of 65, or to anyone under the age of 35 who engages in high-risk occupations or hobbies.

• Which is better, term or whole life insurance?

  Life insurance is a personal financial tool, so the right type of insurance for you depends on your goals and current situation. One of the main differences between term life insurance and whole life insurance is that term life insurance only covers you for a set period of time. Once you meet the premium payment requirements on a whole life plan, it covers you for the rest of your life. Whole life insurance also builds cash value, making it a potential investment. But whole life insurance is typically much more expensive than term life insurance.

• How much life insurance do I need?

  A common recommendation is purchasing life insurance that is equal to five times your current salary, or more. But you can also estimate how much life insurance you need by adding up your debts, annual expenses for dependents multiplied by the years you want to ensure support, and any other items you wish to cover, such as a future wedding or college tuition.