Renwanz Insurance & Financial Solutions, Carlsbad, CA
Nearly every insurance company that sells any type of life insurance will sell term life insurance. The best way to purchase term life insurance is to find an independent life insurance agent in your area and have them find the company and policy type that will best suit your individual needs.
There are literally hundreds of insurance companies that sell term life insurance. There are as many types of term policies and premium rates as there are life insurance companies. It can be a very confusing maze to get the right product at the best price for your unique situation. I recommend finding an experienced independent life insurance broker to professionally shop the market for you. Practically all of us offer free services and are compensated by the insurance carrier.
When you are talking term insurance you’re talking about temporary insurance. Although there are a lot of companies that sell term insurance, all terms are not created equal. Something’s to consider are:
1. How long do you need the coverage?
2. Does the policy automatically renew itself and if it does what are the new rates going to be?
3. If things change can I reduce my coverage to lower my premium?
4. Can the policy be converted to a permanent policy without new underwriting?
When shopping for term always deal with an insurance broker that represents multiple companies.
Term life insurance is sold by agents who work alone from home or in a small office, agencies that employ several to many agents, online agents and agencies, mailers, and some life insurance companies that sell it direct to the consumer online. You can buy Term Life Insurance in many places. The key is to make sure you are medically qualified and getting the best price. To do that, it is best to go through an agent.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
In order to sell term life insurance in California an agent must hold a valid Life Insurance Agent license. That license is activated when an admitted life insurance company appoints that agent. That company becomes admitted when it meets the requirements for admission from the state insurance commissioner. Almost every life insurance company sells term insurance.
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1. How long do you need the coverage?
2. Does the policy automatically renew itself and if it does what are the new rates going to be?
3. If things change can I reduce my coverage to lower my premium?
4. Can the policy be converted to a permanent policy without new underwriting?
When shopping for term always deal with an insurance broker that represents multiple companies.