Please help!! how does someone choose a good life insurance provider?

Answer 1

How to Choose a Good Life Insurance Provider

Insurance Carrier Rating – A.M. Best provides financial ratings of insurance companies. Make sure you review the rating (your quotes usually will show the rating) for your life insurance company. This will give you an idea of their financial strength. Make sure you choose a company that is financially sound and can pay their life insurance claims.

Compare the Costs - Get multiple quotes to compare the lowest rates available.

Compare Similar Policies - Make sure the quotes are for the same type of policy, for example, level term life insurance where your rates are level each year for s specific number of years.

Guaranteed Periods – Make sure your rate is guaranteed to remain the same for as long as you need the coverage.

How to Save Money on Your Term Life Insurance Policy

Compare Term Life Insurance Quotes online from several sources to find the best rates from quality life insurers.

Payment of Premiums – If you can afford it, choose to pay your premiums on an annual basis. This is usually less expensive than if you pay you monthly or quarterly.

Compare Higher Levels of Coverage – If you need $165,000 of coverage, compare quotes for $200,000 of coverage, too. Sometimes, the next higher level of coverage may not cost you much more in premium each year.

Policy Fees – Ask if there are any policy fees that are included in your term insurance policy. Some insurers may add an additional fee of $45 to $90 on the policies they issue.

Make sure you are comparing quotes on the Same Type of Term Life Insurance Policy – Level Term, Annual Renewable Term, or Decreasing Term.

Keep This Point in Mind

Commissions paid to insurance agents on term insurance policies are much lower than commissions paid on whole life or permanent policies. So there is a definite incentive for insurance agents to sell you permanent life insurance, instead of term insurance. They make more money from you by selling you whole life insurance policies. Remember to keep this in mind. Don’t let a pushy life insurance agent sell you a policy you don’t need, or don’t want. Always choose a policy that fits your needs, and your budget. Shop and compare term life insurance quotes.

I hope that helps! Take care and best of luck to you.

Answer 2

You should start by researching and finding out what you want from your insurance.
Things like:
price
quality
amount of years
how much they pay
how long it takes to pay
and the quality of the people working there.

Answer 3

Wow! Thank you! exactly what I was searching for. I tried looking for the answers on other websites but I couldn't find them.

Answer 4

This was bugging me too