Will I be required to have my credit checked when buying life insurance?

Yes, it is common for life insurance companies to check your credit score as part of the underwriting process when you apply for a policy. This is because your credit score can be an indicator of your financial stability and ability to pay your premiums on time. The credit check is usually a “soft inquiry,” which means that it will not impact your credit score. The life insurance company will use the credit check to evaluate your overall creditworthiness and determine if you are eligible for coverage. In addition to checking your credit score, life insurance companies may also look at other factors such as your age, health, and lifestyle when evaluating your application. These factors can impact your eligibility for coverage and the cost of your premiums. It's important to note that while your credit score may be a factor in the underwriting process, it is not the only factor. Life insurance companies will also consider other information such as your medical history, family history, and lifestyle habits when evaluating your application. If you have concerns about the impact of a credit check on your application for life insurance, you should discuss this with your insurance agent or the insurance company directly. They can provide you with more information about their underwriting process and help you understand how your credit score may impact your eligibility for coverage.