When you apply for life insurance, the underwriters will issue your policy based on your risk and categorize you. This will determine your rates. Sometimes these rates come back different than expected. When does it make sense to apply with another company? Since your paramedical exam results stay current up to 6 months, you may reuse those results to apply with another company. Therefore, it requires only new paperwork with another company. Here are some situations where it makes sense to apply to another company: 1) If there was a mistake in the underwriting process that the underwriters are unwilling to fix or overlook. For example, if the lab messed up your results or you think they were off and the company will not allow you to retake the labs. 2) If you were rated for your policy for an avocation. Each company looks at this differently. I recently had a client who was a rock climber and the company rated him significantly. He applied with another company and the rating was much less severe. 3) Sometimes people want to spread the risk among companies if they are applying for large death benefits. In this case, they may want to purchase policies from more than one company. 4) I’ve had clients who wish to stack their policies. For example, they purchase a 20 year $1mil policy and a 30 year $1mil policy. The rates vary from company to company and therefore, they purchase the separate policies with separate companies. Companies do not offer discounts if you apply for both life and disability insurance with the same company. As such, it makes sense to shop around both products to ensure you are getting the most suitable product at the best rate. For more information about life and disability insurance and to request a quote comparison, contact Set for Life Insurance today!