Is Social Security Number Necessary to Get Life Insurance?

Social Security Number is a unique identification number assigned to U.S. citizens and residents that keeps track of the person’s income. Additionally, this number is required for verification of identity.

While getting life insurance, your insurance agency can ask for your Social Security Number. But is it really necessary to share the number to get the policy?

Why You Need a Social Security Number to Get Life Insurance

While getting life insurance, the insurer would require your personal details and documents for profile verification.

Besides other documents, you will also have to submit your Social Security Number. However, make sure to share it with trusted and verified insurance providers only. You can rest assured when you are at Duane Weber Insurance, as we have been serving our customers’ needs since 1972. We will protect your privacy and keep your information secure.

What Happens If I Can’t Provide My Social Security Number? 

If you fail to provide the Social Security Number, then the prospective insurer can legally decline your application.

Social Security Number helps the insurance company to verify your personal details and prevent identity fraud. Social Security Number is also a reliable way to check your credit report and criminal record. This gives an idea about how risky you are to insure. To minimize this risk and check the entire database of the insurance applicant, the insured mandatorily requires prospective policy buyers to submit their SSNs.

Don’t have a Social Security Number? Here’s what you can do

While most insurance agencies have a mandatory requirement for Social Security Number, there are some that accept other forms of identification as well. Alternate forms of identification include:

  • A visa or green card
  • A state I.D. card or non-driver photo I.D. card
  • Individual Taxpayer Identification Number (ITIN)
  • Employment authorization document (EAD)
  • W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting)

Life insurance is granted based on the individual’s risk profile. Insurance companies offer the best policy based on the documents that you produce. So, you should share your Social Security Number, but only with trusted insurance providers.

Duane Weber Insurance, Inc. Can Help You Get the Best Insurance Policy

If you are looking for an affordable life insurance policy, you are at the right place. We at Duane Weber Insurance, Inc. strive for excellent customer service. A trusted name in the market, we have been serving our clients’ insurance needs for over 30 years in Washington, Oregon, Idaho, and Arizona through our multiple distinguished insurance carriers.

Be it life insurance, home insurance, auto insurance, commercial insurance, or other insurance, we are here to offer you convenient access to all the insurance services you need. Contact us today for more details and insurance inquiries.