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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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Online application with no fee

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: Can I get a firm offer for life insurance without paying an application fee?

A: Yes; application fees are required in advance only for paper applications. The companies that offer online applications like Guarantee Trust Life Insurance do not require any prepayment and you can accept or reject the offer of coverage without commitment. Keep in mind that the insurance is not in force until you make a payment so often it makes sense to make an estimated first payment with the application in order to bind the coverage immediately.

Summary

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Guarantee Trust Life Insurance Company