Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Good life insurance pays the death claim when the insured dies. Aside from that, the relationship that you have with an agent is important. Check with colleagues and neighbors and find out who they trust. The process is fairly personal and information is confidential. There are sophisticated ways to compare companies but keeping promises is what why a life insurance company is formed.
Co-Founder, TermInsuranceBrokers.com, Goldenzweig Financial Group, Las Vegas, Nevada
There's many different quality carriers out there that offer life insurance coverage. The biggest factor to determine first is what risk class you qualify for. Each carrier has their own underwriting guidelines. For example, you may qualify for a preferred risk class from company A, but may only qualify for standard for company B.
From there, what type of coverage you need and how much - you want to make sure that you're comfortable with the premiums for the coverage you're applying for.
You also don't want to apply to a bunch of different companies at once as this can work against you in many cases.
I highly recommend talking to an independent agent who can assist you step-by-step in figuring out which is the best for your specific needs.
Keep in mind that not all Life Insurance Companies are the same. Although they may all have the same product ie. term, universal life, whole life, etc. they are usually priced the same. Most companies have a niche which there product is very competitive. But sure to understand what you are needing first, such as guaranteed term for 20 years or permanent life insurance guaranteed to grow cash value and of course the death benefit you need. Then you can "shop" around for the carrier/broker which can meet your need.
Recruiter/Manager, Cole Insurance Investments, Charlotte N.C.
There are many companies that have life insurance they are all good companies due to a life policy being a legal binding contract. So the questions a client should ask to themselves is what are my goals? And what will they use it for? There's so many ways that a client can invest their money to change the families life style forever, And the husband or spouse doesn't have to pass to use the money. The new living benefits investment can be just for that and a yearly income if you should live. Families are living longer with modern technology but also at higher risk for financial ruin due to high cost medical or nursing home care it essential in the 21st century to use a financial consultant. John Cole Virtual Financial Group Recruiter/ Manager
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From there, what type of coverage you need and how much - you want to make sure that you're comfortable with the premiums for the coverage you're applying for.
You also don't want to apply to a bunch of different companies at once as this can work against you in many cases.
I highly recommend talking to an independent agent who can assist you step-by-step in figuring out which is the best for your specific needs.