There is a better way!
If you buy life insurance online, who does your family turn to if there is a claim? The internet has made purchasing life insurance easier, although not all online life insurance is the same. There are three types of online life insurance providers.
1. Big life insurance companies
2. Mega term life quoting companies
3. Independent insurance agents
Most of the time when you visit a website that sells life insurance online, you enter your information to get a price. If you meet the right qualifications, you can buy the policy immediately. If you are not given the immediate issue option, your information is then routed either to a call center, a group of agents or an independent agent. If you can talk to a real person, you will rarely speak to the same person twice. Plus, have you ever wondered whom you talk to if there is a claim? If buying life insurance without speaking to a real agent gives you an uneasy feeling, you are not alone. Two out of three people still prefer to talk to an agent before they complete their purchase (LIMRA & Life Happens, 2017).
Buying life insurance from an independent life insurance agent gives you the comfort of speaking to the same person every time that you call. Independent agents also offer a more straightforward way to buy life insurance that can find the appropriate life insurance while saving you time and money. Depending upon your health condition, independent life insurance agents will offer a proposal for life insurance coverage that includes quotes from many companies. Top rated companies are important, however depending upon the health condition of the person applying for life insurance, a moderately lower rated life insurance company may be appropriate. If a person applying for life insurance has a health issue, modestly lower-rated companies may offer better rates or even guaranteed coverage. Independent life insurance agents are usually more experienced and able to help a customer determine if a lower ranked insurer may be in their best interest. This is not to say lower-rated companies are the best option. Higher rated companies are always a better option if they are competitively priced. Understanding the financial stability of a life insurance company, how they are monitored, and regulated by each state is important when choosing a life insurance policy that will possibly be in place for decades. An independent agent is best suited to help clients in this situation.
With an independent agent, customers get low priced realistic quotes from an experienced life insurance agent who is dedicated to helping their customers find the right life insurance.
For more answers to insurance questions, visit my Q & A page or send me a message. My contact information is a the top of the page.
References
LIMRA & Life Happens. (2017). 2017 insurance barometer study. LL Global, Inc.