Co-Founder, Coastal Financial Partners Group, California
You should seek out the services of an experienced life insurance professional when considering any life insurance purchase.
Term is simply a temporary life insurance product type, not a simple product that anyone with a license can sell properly. While there are many non traditional places life insurance is offered for sale these days - online, bank, stockbroker, etc. life insurance is a complex financial product requiring specialized training and experience.
Term life insurance is available for sale through a number of channels, including online.
On the surface deciding what term insurance to choose appears to be simple, who has the best initial price. In addition to determining the amount of insurance needed, there are a few more things to think about.
What do the renewal premiums look like? How long do I need the coverage? Am I going to want to convert this to level premium permanent insurance? What conversion options are available? If the quote is annual, how do the monthly premiums compare? And more.
An independent insurance broker, who represents several companies, can help you find the right product at the right price.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
Since you are internet savvy enough to pose this question to an online website, you may prefer to buy your life insurance online. Some websites offer instant quotes, so that you can explore what type of policy you can afford. Then you can contact that website to make sure you are qualify for that policy, and to apply. In most cases, the entire process can be completed without even having to leave your own home.
If you would rather meet with an agent face to face, you can look up Life Insurance in the Yellow Pages to find a local office.
Most all life insurance companies offer term life insurance. To purchase a term life insurance policy you can buy online, over the phone straight from the carrier or a trusted insurance advisor. I personally recommend the later so you fully understand what you are buying and get the very best rate for your unique situation.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
The best place to purchase life insurance is from a licensed life insurance agent. If you do not know an agent, get recommendations from your friends, colleagues or neighbors. Setting the appropriate limits and selecting the best product are important to your satisfaction. If you wish, however, you can buy life insurance like you buy any other commodity. There are a variety of vendors eager to help you from the internet to mail order.
As David stated, there are many places to buy Term Life Insurance! Whether you do it online, by mail, via email, or face to face, you will want to be relatively sure that you are applying for a policy for which you will be approved, and this can take some personal guidance. It is also important to look at the guarantees, the rating of the carrier, and what your policy covers.
I am running into many people of late who are being quoted accidental death insurance by phone if they do not fit a certain agency's narrow health guidelines for life insurance. Once they have that very low quote for accidental death insurance in their minds, it is hard for them to switch gears and talk about real life insurance. Yet, anyone with a pre-existing condition is much more likely to die of natural causes than accidental death. It's akin to paying the sale price for a shirt you will never wear, vs paying regular price for a shirt you will use until it wears out.
I bring this up to warn you not to jump at every offer you hear. Consult with an agency who knows what they are doing, and buy your life insurance there. This is a long term purchase, and you do not want to mess it up.
.JPG){kind=avatar}
Term is simply a temporary life insurance product type, not a simple product that anyone with a license can sell properly. While there are many non traditional places life insurance is offered for sale these days - online, bank, stockbroker, etc. life insurance is a complex financial product requiring specialized training and experience.
On the surface deciding what term insurance to choose appears to be simple, who has the best initial price. In addition to determining the amount of insurance needed, there are a few more things to think about.
What do the renewal premiums look like? How long do I need the coverage? Am I going to want to convert this to level premium permanent insurance? What conversion options are available? If the quote is annual, how do the monthly premiums compare? And more.
An independent insurance broker, who represents several companies, can help you find the right product at the right price.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
If you would rather meet with an agent face to face, you can look up Life Insurance in the Yellow Pages to find a local office.
I am running into many people of late who are being quoted accidental death insurance by phone if they do not fit a certain agency's narrow health guidelines for life insurance. Once they have that very low quote for accidental death insurance in their minds, it is hard for them to switch gears and talk about real life insurance. Yet, anyone with a pre-existing condition is much more likely to die of natural causes than accidental death. It's akin to paying the sale price for a shirt you will never wear, vs paying regular price for a shirt you will use until it wears out.
I bring this up to warn you not to jump at every offer you hear. Consult with an agency who knows what they are doing, and buy your life insurance there. This is a long term purchase, and you do not want to mess it up.