Frequently Asked Questions

A death benefit is the cash payout to the designated beneficiary when the insured person dies. It’s also commonly known as insurance amount.

The beneficiary is the person who receives the death benefit payout when the insured person dies. You can name one or multiple beneficiaries in your policy.

Yes, you can add or remove your beneficiaries in your policy by contacting CG.

It depends on your applied insurance amount or death benefit. We may not require medical exams up to a certain insurance amount. Please speak to one of our specialists for more information.

It depends on the specific condition. Some conditions may be accepted with an exclusion clause, while others will be denied. Please speak to a CG specialist to find out more information.

The amount of cover one needs is a complex question based on your individual needs. For this reason, we recommend that you speak with a CG specialist to help determine your optimal amount of coverage. Contact us or visit our get a quote page for more information.

The underwriting process is a method undertaken once a completed application has been submitted. This process reviews the applicant’s medical history and financial status. Once the process is completed, a decision is rendered.

For most, term life insurance will be the preferred choice because it offers the most significant benefits for the lowest price. Furthermore, since most expenses aren’t permanent (mortgage balance, the cost of raising children), getting the most amount of coverage during the most crucial period is a sensible option. However, there are a few cases for a permanent policy that can be best used for estate planning or when you buy a small final expense policy. To help determine the best solution for your situation, please contact our specialist to receive personalized advice.

It is recommended that you get your own personal life insurance policy. Most group coverages aren’t portable, which means if you lose or quit your job, you also lose your insurance coverage. Most importantly, group coverage doesn’t offer complete protection and typically offers two or three times your yearly income, which is far below the recommended coverage amount of 10x your yearly income.

The cost of line insurance depends on many factors. Health related factors such as: age, gender, tobacco use, family medical history, and current health will impact the cost. Additionally, the requested insurance amount and policy type will determine the cost. Speak with one of our specialists to discuss the policy cost based on your individual profile.