When we submit your application we are only requesting to find out how much death benefit and at what rating the life insurance company will offer to you.
Think of it similarly to getting your home or business appraised. (Only in a much more human way.)
Once we know how much they are offering you will be able to set the actual death benefit to a level that works best for you.
You are not required to bind the full amount offered, you and Michael will work together to build the policies according to your cash flow and wealth-building goals.