Do you really need a life insurance agent? This question has been asked a million times already. The answer to this question is pretty simple, yes you do. That is if you are planning on purchasing the correct plan design for your specific needs. Not to mention also receiving the lowest premium possible. Life Insurance agents are formally educated in all life insurance products available on the market. When I make these statement I am referring to independent insurance agents. Finding the best online life insurance quotes is a snap with an independent agent helping you.
There is a big difference between independent and captive which we will go into later. If you have ever run a websites quoting engine you know how confusing all this insurance jargon can be. It could leave you sitting there scratching your head and developing a Excedrin headache. Life insurance agents take all the guess work out of this process and can direct you to the right policy within minutes. Securing the best life insurance rates takes experience and expertise on the agents part. You also have to take into consideration that you don’t have to pay your agent a dime for helping you.
Here are some of the benefits an insurance professional offers his client vs. purchasing life insurance direct from a carrier?
When a consumer purchases his life insurance direct from a carrier, they actually believe it is going to be cheaper. Nothing could be farther from the truth that thinking they will be saving money. The most important concept to remember is life insurance rates just like any other insurance product is regulated by law, plain and simple. Rates do not vary no matter where you buy your insurance. You can simply verify that by calling your states Department of Insurance.
When a consumer buys direct, they are shooting themselves in the foot because the life insurance company they have on the phone is not going to shop the market with multiple companies and negotiate the best rate class possible. You could be easily speaking with someone that last month was flipping hamburgers for Burger King. They now they work for a life insurance company stuffing uninformed people into life insurance policies.
High risk life insurance such as life insurance for a Diabetic or heart patient will require a very special touch.
If an applicant has health conditions, a hazardous occupation or sport special work will be involved. This will require a life insurance agent to perform some out of the ordinary services. Such as to pre-screen what life insurance company will make the best offer. Or sometimes if the health conditions are bad enough make an offer period instead of a flat out decline.
This is where an agent will really earn his pay. This scenario is very common and not all applicants have a slam dunk type application. Most people are looking for low cost life insurance and the agents will make all the difference in the world. Keep in mind that life insurance agents work in this environment every day. They know how to get their client the most affordable Term life insurance possible.
What is the difference between an independent insurance agent and a captive insurance agent?
This is a very important question that most consumers don’t know the answer too. An independent agent can very simply shop the complete market of over 40 companies. A captive agent can shop only one company and that is the one he or she works for. Trying to find the best online life insurance quotes when you only have on choice is totally impossible. If an applicant has health problems, a medical pre-screen will be necessary to find the best company. That means finding the company that will offer the lowest rates possible. Folks with more serious health conditions could find themselves needing High Risk Life Insurance.
Comparing Term life insurance quotes on a modern quoting engine is simple for the both the agent and the consumer.
Many life insurance agents have websites equipped with quoting engines which will allow them to compare Term and Universal life insurance quotes from well over 40 life insurance companies side by side. Reviewing life insurance quotes on a quote engine is fast and simple. Whatever questions you have, you can simply ask your agent and get fast on the spot answers. This is instead of looking at life insurance information that you find confusing and simply do not understand.
Many people get totally confused when shopping for any insurance product. The agent’s job is to watch out for his clients best interests. This is very similar when hiring a Lawyer or an Accountant. The decisions you make when purchasing your life insurance today will be crucial down the road. After you’re elderly and finally passing on triggering the death benefit of the policy. Use our free face amount calculator to determine what you death benefit should be.
There are many types of life insurance you should understand so you can make an education buying decision.
Most people have heard of the popular low cost Term life insurance products. There are other excellent products such as the permanent Universal Life plan designs that never terminate like Term does. Also did you ever stop to see how Whole Life compares with affordable Term life insurance? These are all plan designs that independent life insurance agent work with everyday.
When a person considers purchasing life insurance without an agent, they are passing up professional assistance at no cost.
If you want your legal questions answered you hire a Lawyer. If you want your taxes prepared you hire an Accountant. If you want the best life insurance plan with the lowest premium reach out to an experienced licensed Insurance Agent or Broker. The only exception is the Life Insurance Agent is at your service with absolutely no cost what so ever.
Trying to find the right insurance policy without connecting with an agent or broker would be a costly mistake. How many people today can you hire with no cost attached? There are a lot of good agents out there ready to help you. If you really care about the premium and getting the correct plan design then contact an independent agent. Finding the best life insurance rates is easy when you have an experienced independent agent helping you.
If you are considering applying for life insurance and have any questions, don’t hesitate to call us. We will answer any of your questions with no cost or obligation. Take a moment to read our “About Us” page to learn more about us and our business.
You can begin comparing the best life insurance rates by using the form on this page. You will be able to compare immediate life insurance quotes for low cost term life insurance. We can help you understand all of the many options available to you and give you peace of mind. Thank you very much for taking the time to read our blog post!