How To Evaluate Life Insurance Companies?
4249 POINTSview profileGary LanePresident, Lane Independent Agency, Southern CaliforniaHow long have they been around. How quickly do they pay. How difficult are the to deal with and/or approve a claim. Do they have a local agent you can actually see, talk with and meet with. Is that agent actually interested in what is best for you. Do they have the type of policies you need and are looking for. Are they interested in covering someone like you, and with the health issues you might have. What are their rates and can you afford the coverage you need. Thank you. GARY LANE.Answered on May 4, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! When evaluating an insurance company, here are some things to look for: First, their financial stability - Standard and Poors, and AM Best are companies that rate the financial soundness of companies. Look for anything in the "a" range as being very financially stable, and capable of paying your claim. Look at the complaints filed against the company - do they have a pattern of issues paying claims, or denying them? Lastly, are the applications and brochures clearly worded? Do they make sense to you? Are the agents of good quality? Once you get comfortable with these questions, then look at their prices, coverage, and policies. If you would like help, please feel free to contact me, okay? Thanks for asking!Answered on May 5, 2014flag this answer
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