How It Works
How Oros Life Works
- 1. We shop the top-rated life insurance companies using state-of-the-art technologies to provide instant accurate quotes based on a few non-invasive questions.
- 2. Review your quote, customize it, and instantly see your results.
- 3. Secure your customized coverage by completing our online application.
- 4. The insurance company will email or call you to complete their health questionnaire.
- 5. From the health questionnaire, the insurance company determines if any additional medical requirements are needed. If so, they will order and schedule them at your convenience.
- 6. Policy approval and delivery: Premiums can be paid with the application to have conditional coverage or at the time of approval. Always your choice.
Application Questions
- Owner, payor (person who pays the premiums), beneficiaries
- Policy paid: Monthly or Annually
- Health questions, doctor’s information, prescription information, family health history
- Employment and income
- Driver’s license and Social Security numbers
- Assets and liabilities
- Purpose of insurance
Policy Delivery
- 1. Review the policy.
- 2. Sign the delivery notice.
- 3. Pay premiums due (if not paid at time of application) to place the policy in force.
- 4. The free-look period (period to review and return the policy for a refund of all premiums paid) begins while you are covered.
Policy Payouts
- Your beneficiaries file a claim and receive a tax-free lump-sum payout if you pass away while covered.
- The payout amount equals the death benefit purchased.
- Claims could be denied within the first two policy years only for fraud, misstatements, or suicide. Refer to your policy for state-specific details.
