You
find yourself suddenly thrusted into
maturity and and as part of this new
you, there's a pressing need to find
life insurance. On one hand, it's never
that much fun to look for term life
insurance. We can agree with that. On
the flip side, it's never been easier to
find life insurance of any kinds and
term life is not different. We'll start
at ground zero and go through the
various options available to help you
find life insurance. Some have been
around since life insurance first was
sold while others are brand new. Let's
walk through the ways to find life
insurance.
You're
37 with a new baby on the way. You're
still playing X-Box but generally
speaking, you're growing up in spite of
what you're old girl friends said would
happen. So what should you do. You
already have an agent for your health
insurance and another one for your car
insurance. Should you call them to find
term life insurance? Should you go
online since that's the way you buy most
things these days. You see ads on the
tv with 800#'s advertising lowest cost
life insurance and free knives with a
purchase. Is that the way to go? Good
questions. Let's break down the main
ways to find term life insurance and the
pro's and con's to each.
First,
let's start with the traditional agent
means of finding term life. You
probably already have an agent for
health insurance if you have your own
policy (not sponsored through a group or
employer) and definitely for car or home
insurance which falls under the property
and casualty license umbrella. Is this
a good way to find life insurance? It
depends. As with all things, this way
of finding life insurance depends on a
few criteria when dealing with your
existing health or property license.
First, is your insurance agent
well-versed and experience with life
insurance. Life insurance is very
different than many other lines of
coverage such as health and/or property
and casualty. You really want a an
agent who concentrates on life
insurance. There are so many quirks and
tweaks to this market that only
experience can build the necessary vault
of knowledge needed. You also want an
agent who is independent. This means
that they can quote many different
carriers and or plans when finding life
insurance. Many big property agents
work exclusively for one carrier such as
State Farm or Farmers. They will only
quote their life insurance products.
This is not in your interest.
This
leaves traditional life insurance agents
which can be found in any city. The
same considerations apply. You want to
make sure the life insurance agent is
independent and impartial. You also
want a good degree of knowledge in the
term life market when finding coverage.
Be careful of agents that push one
policy to much or seems to want to add
additional bells and whistles to your
core life insurance policy.
What
about going online to find term life
insurance? This is how many people find
life insurance these days and since
you're viewing this article online, we
can assume you're partially open to this
option. The same rules apply to finding
term life insurance online. Find
experienced people since they must
ultimately have a life insurance license
in order to sell or discuss benefits.
You can tell a lot by their website as
well. Do they provide all the
information up front? Do they try to
educate you as to how to find and select
term life insurance? Of course, the
quotes should be available immediately
online to you.
What
about buying via phone from advertising
you find? We're a little more skeptical
of this approach. This is the deal.
When you're on the phone with someone
who's ultimately in sales, you're more
likely to go along with a term life plan
that's not in your best interest.
You're more likely to make a good
decision when you can research on your
own and at your own pace. This leans us
away from finding life insurance
coverage via phone.
These
are the most common ways to find term
life insurance and ultimately, the same
requirements keep popping up regardless
of the means of shopping. Take you
time, get educated, and find an
impartial and knowledgeable 3rd party to
aid you.
No medical term
life quote
Hybrid term
insurance quote (choose
Fidelity plan)
Traditional term
insurance quote
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