2007-02-26 12:37:03 · 12 answers · asked by allindotcom@sbcglobal.net 4 in Business & Finance ➔ Insurance
Life Insurance Tips:
1) Dont get anything from Primerica
2) Dont get anything with a bunch of overpriced riders on it either
3) Get the return of premium rider (pays you all your money back if you dont die by the end of the term)
4) Compare about 4 or 5 companies together and dont get "sold". Life agents are very convincing, and have lots of quotas for you to help them with
5) if you can package your home and auto stuff with it, do it, but dont get it from that company only for that reason. And dont stay with that company because they have your life insurance. This is very important because some people will take a beating on their home/auto premiums just for the convenience.
That said, I like MetLife for the package deals.
Also talk to New York Life, AIG and Prudential.
6) Be careful of online quoting web sites. They will sell your name off to so many pesky life agents that you'll want to kill yourself before you get the policy. They make $10 to 30 bucks per agent they sell this info to. Make a list of what companies and talk to them directly. What you are looking for are rate braketing and example rates be honest about your health too. If you have to get an exam before hand do it. Also: DO NOT SUBMIT MASS QUOTE REQUESTS ON LIFE INSURANCE QUOTING WEB SITES. Why? It is impossible to get you an accurate rate comparison without a full exam from each company!!!!! So no matter what they tell you its going to be a bunch of people bothering you without end for weeks. The real point here is you want a company that has the options you are looking for, like return of premium and a list of underwriting guidelines would be nice to look at too. Pick the company you think is the best, read about them on their web site and just go with the one that looks good.
Like I said though, be careful and dont get sold into something. I've been through all the training and know that life insurance is the most profitable thing for the company. Agents that sell life only can be very scary.
2007-02-27 00:13:38 · answer #1 · answered by Anonymous · 0⤊ 6⤋
There are many top-rated life insurance companies that sell term life insurance either over the internet, over the phone, or through a visit with an insurance agent.
Some factors that you may want to consider to evaluate the quality of a life insurance company in determining if it is the best for term life insurance are: The A.M. Best financial rating, the rates the company charges, the customer service rating. Also, you can call the Department of Insurance in your state and ask if the insurance company you choose has any complaints.
One way to compare quotes and financial ratings is to request a free, term life insurance quote comparison from a quality life insurance quote provider online.
It does pay to compare rates, as quotes can vary by up to 50% or more between insurers. Some of the leading life insurance companies in the U.S. include Prudential, Nationwide, Allstate, Northwestern Mutual, AIG, and Liberty National.
2007-02-26 13:27:06 · answer #2 · answered by Anonymous · 0⤊ 1⤋
The best company is the one with the best product at the best price.
Use the Internet to find the lowest rate on quality life insurance.
QualityTermLife provides a website that offers term life insurance quotes from over 50 companies.
Learn about, estimate, and price life insurance to prepare yourself, before you ever speak to an agent.
Customers report that by comparing prices they can save up to 70% on the price of life insurance.
http://www.qualitytermlife.com
2013-10-06 12:01:18 · answer #3 · answered by Hifi 2 · 0⤊ 0⤋
If you're buying term and you know you'll never have a need for anything else. The decision is easy. You buy the least expensive. Of course, chances are you'll need to discuss options of convertibility or future insurability; and it's possible that term is not the most cost effective or appropriate vehicle in your situation.
You're taking the time to ask life insurance questions on these boards. Take the time to speak with a financial advisor; not an insurance salesman, not your auto insurance guy who happens to have a life license and tells you he can do anything. Talk to a qualified consultant who can assess your financial situation and see how the right life insurance fits into an overall financial strategy.
Life insurance is not to be bought on the internet or over the phone; and it's not to be bought from salesmen. It's to be obtained from a professional who knows as much about your life plans as your doctor knows about your health.
2007-02-26 12:57:10 · answer #4 · answered by Rob D 5 · 1⤊ 3⤋
Primerica is the leading financial company that sells term insurance. While many other companies sells term as well, they prefer to sell cash value life insurance than term insurance.
2007-02-26 14:14:48 · answer #5 · answered by Anonymous · 5⤊ 2⤋
The ones that has the best ratings and also provide a financial service as well.
2007-02-26 14:36:21 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Check with Banner Life. I'm an agent and they are always hard to beat. Good luck to you!
2007-02-26 14:35:52 · answer #7 · answered by Radio 3 · 0⤊ 0⤋
Try the below website for comparison-shopping:
2007-02-26 13:25:00 · answer #8 · answered by Alex K 2 · 0⤊ 0⤋
Maybe yeah
2016-07-28 09:06:40 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I would be interested to know more about this too
2016-09-19 08:39:56 · answer #10 · answered by ? 2 · 0⤊ 0⤋