Life Insurance Basics

Glossary

What is term life insurance?

Simply put, term life insurance insures your life for a certain "term" (usually between one to thirty years). If you ...

What is the difference between a will and life insurance?

A will is a legal document used to outline the last wishes of the deceased. The will divides assets (usually money an...

How is term life insurance different from whole life insurance?

Right now, we only do term life insurance here at Wysh, not whole, but I'd love to explain why term insurance is a go...

What is a term?

This one's pretty easy. A term is simply the time that an insurance policy is active. So if you have a 5-year term, t...

What is underwriting?

Underwriting sounds complicated, but it's really pretty simple. When you fill out an application for life insurance, ...

What's the difference between a Quote and an Estimate?

Using our free estimator tool, you can precisely determine how much coverage you would need to protect you and your l...

How Term Life Insurance Works

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If I am single, why do I need life insurance?

Life insurance really pays off (pun intended) if you have a spouse, children or certain debts like student loans or a...

If I am an American living abroad can I get term life insurance?

If your permanent, primary residence is inside of the United States, in one of our eligible states then absolutely! U...

Do stay-at-home parents need term life insurance?

Absolutely! Stay-at-home parents are extremely valuable, think of all the things that they do: Personal Chef, Child T...

What or whom can you make a beneficiary?

A beneficiary is a person who receives anything you own that you’d like to leave behind. As far as life insurance goe...

Do Term Insurance policies contain cash value?

Term life insurance doesn't build value nor does it have a cash value. You don't get anything back when your coverage...

Is my life insurance through work enough?

It all depends on how much coverage you need (try out our Wysh Builder to work this out). Generally, group policies t...

How Accidental Death Insurance Works

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In what states do you currently sell accidental death insurance?

We want to offer our excellent accidental death coverage to everybody, everywhere—and we're working to do just that! ...

What’s the difference between term life and accidental death insurance?

Term life insurance policies cover policyholders for most causes of death, including the causes covered by accidental...

What does accidental death insurance cover?

Accidental death insurance typically offers coverage for non-medical death, but this may vary by state. This includes...

What is not covered by Accidental Death insurance?

While we can't list everything, the most common deaths an accidental death policy doesn't cover include medically-rel...

Why did I get approved for Accidental Death Insurance but not Term Life Insurance?

There are a number of factors that an application for term life insurance could be denied. Reasons such as health iss...

Can I keep my Wyshes if I have accidental death insurance and not a term policy?

Yep! Your Wyshes are a great way to know how much coverage you need.

Getting Wysh Life Insurance

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Can I reapply for coverage if I am denied a policy?

In the event that you are denied, there is a waiting period of 30 days before you can apply once more.

Can I have a joint-account with a spouse/partner?

Wysh offers individual term life insurance policies, so we require everyone to apply individually for coverage. We do...

Why do you need my SSN and driver's license?

We use identity theft prevention tactics powered by TransUnion to ensure the security of our customers. We cross chec...

What does "referred to underwriter" mean?

After completing an application, your information is assessed and decisioned either instantly by our system or manual...

What is manual underwriting?

While we’re proud to offer digital underwriting, sometimes a customer needs to have their application reviewed by a h...

How can I pay for my Wysh policy?

Wysh has partnerships with Plaid and Stripe, to deliver a seamless and secure way to add your payment method and pay ...