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SECURITY BENEFIT LIFE INSURANCE COMPANY Administrative Offices P.O. Box 8060 McKinney, TX 750708060 (972) 5406383 APPLICATION TO EXERCISE OPTIONAL PURCHASE AGREEMENT Re: Policy Option Date Insured

How to fill out security benefit life insurance

How to fill out security benefit life insurance:

1. Start by gathering all the necessary documents and information. This may include your personal identification, social security number, proof of income, and beneficiary information.
2. Contact a representative from Security Benefit Life Insurance. They will guide you through the application process and provide you with the necessary forms.
3. Fill out the application form accurately and completely. Make sure to provide all requested information, including your personal details, medical history, and lifestyle habits.
4. Review the application form thoroughly before submitting it. Double-check for any errors or missing information.
5. If required, undergo a medical examination. In some cases, Security Benefit Life Insurance may require applicants to undergo a medical evaluation to assess their health and determine the insurance premiums.
6. Pay the required premium. Once your application is approved, you will need to make the initial payment to activate the insurance policy.
7. Read the policy documents carefully. Understand the terms and conditions, coverage details, and any limitations or exclusions of the insurance policy.
8. Keep a copy of all the paperwork for your records. It's essential to have copies of all the documents you submitted and any correspondence with Security Benefit Life Insurance.
9. Review your policy regularly. Life circumstances change, so it's important to reassess your insurance needs periodically to ensure you have adequate coverage.

Who needs security benefit life insurance:

1. Individuals who want to financially protect their loved ones. Security Benefit Life Insurance provides a death benefit that can be used to cover living expenses, pay off debts, and provide financial security to beneficiaries.
2. Parents or guardians who have dependent children. Having life insurance can provide peace of mind knowing that your children's financial needs will be taken care of in the event of your untimely death.
3. Breadwinners or income earners who want to replace lost income. Life insurance can help replace the income you would have earned, ensuring that your family can maintain their standard of living.
4. Individuals with outstanding debts, such as mortgages or loans. Life insurance can be used to pay off these debts, relieving the financial burden on your loved ones.
5. Business owners or partners who want to protect their business. Life insurance can help provide funds for business continuation or buyout arrangements in the event of the death of a key person.
6. Individuals who want to leave a legacy or contribute to charitable causes. Life insurance can be used to leave a significant donation to your favorite charity or provide financial support to future generations.

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