What is the difference between a quote and an application?

A quote is strictly a "base" premium based on the data (date of birth, city, etc.) given. Final rates are based on full medical underwriting, including an application. After the carrier receives the application, medical underwriting can include a phone interview, a urine specimen, a physical exam or some combination thereof. The majority of the underwriting lies in the application and phone interview. The carrier can also request full medical records from your provider. Based on all of this information, a final medical decision will be made -- i.e., approved as-is, approved at a higher rate, approved with a rider or declined.

How do I apply?

When you receive your application (via e-mail, PDF download or U.S. mail), please fill it out and return it to Kevin D. Nemec, Alliance Insurance & Financial Company, 1922 Upton Village, San Antonio, TX 78260. The application-processing department will prescreen the application and then forward it to the carrier for further medical underwriting. Please do not cancel any coverage you may already have until a final offer is made and a policy number is issued.

In order to qualify for insurance, do I need to answer questions regarding my medical history?

Yes. Because this is an individual and not a group policy, the insurance carrier will medically underwrite your application. Your application may be approved, your premium may be adjusted or you may be declined based on this medical underwriting.

How long will it take for my application to be approved?

Most underwriting is completed in approximately four to six weeks. The carrier will perform a phone interview, and in some states, a urine sample may be required. The carrier may also request medical records from your doctor. Keep in mind that while some doctors are quick to turn this information around, some are very slow, and this may affect the time it takes to approve your application.

What are the limitations regarding pre-existing conditions?

Some of our carriers will consider covering pre-existing conditions with an increase in your premium to cover ongoing medications or treatments. Keep in mind that with some carriers, pre-existing conditions are normally not covered during the first 12 months of the policy (health insurance only). Other pre-existing conditions cannot be covered. Please discuss any concerns with the agent during the quoting process.

Are all insurance carriers reputable?

Alliance Insurance & Financial Company requires all its insurance carriers to be rated at least an "A" by A.M. Best, an independent insurance-rating company.