LIFE INSURANCE

Providing Coverage for Over 20 years

Applying for insurance can be done through Accelerated Underwriting, Traditional Underwriting, and Express Underwriting.

1. Accelerated Underwriting gives you the ability to fast track the traditional underwriting process, which only requires a few medical questions be answered to avoid the drawn-out medical process in applying for insurance. With Accelerated underwriting the biggest difference might be a lower offered coverage amount. This option would be for people in Good Health.

2. Traditional Underwriting gives you the benefit of higher offered coverage amounts, but also means a longer process to applying for coverage. This option would require a Paramedical exam. This option would be for people in Average to Good Health.

3. Express Underwriting gives you the ability to know within hours if you are approved for coverage. This option is the most convenient and popular way of applying for insurance. This convenience however would reflect in the cost of the insurance. This option would be for people in Poor to Great Health.

Purchasing insurance can be complicated, but with Summit Wealth Consulting, we make it easy. Every insurance company has their unique eligibility requirements including age, build, and health history. Shopping with Summit Wealth Consulting, in minutes, we shop the many trusted Top Rated insurance companies to find the coverage that works best for you and your family.

Coverage amounts shopping with Summit Wealth Consulting you could

qualify with NO MEDICAL EXAM up to $2 Million in coverage.

Now that you know how you can apply for coverage, the goal is deciding what type

of coverage do I need. You can apply for Term Life, Permanent Life, and Universal

Life.

1. Term Life covers you for a set time frame of 10, 15, 20, 25, or 30 years. These time frames are chosen based on the client’s unique situation. This type of coverage is least costly, as the insurance company may not have to pay out if you

outlive the time frame selected.

2. Permanent Life covers you your entire life and builds a cash value that you can borrow against if needed. This type of coverage is more costly, as the insurance company will have to pay out at some point.

3. Universal Life is the most complex and gives you the most value when choosing life insurance. This option can cover you for a set time frame of 10, 15, 20, 25, or 30 years and give you 100% guaranteed money back, if you do not use the policy. This option can also build cash value and give you a tax-free option in retirement. Therefore, it is the costliest of the three options.