If you are in the market for a new life insurance plan and your mission is to find the lowest rates, here is some valuable information to help you make this possible. There are basically two ways to locate the lowest life insurance rates and purchase the correct policy for your particular needs. The first way is to dive in with both feet with no game plan or assistance from anyone to help you make the right decisions.
Believe it or not this is what the majority of consumers actually do and it does not work. Many of these consumers get frustrated, totally give up and never purchase any life insurance what so ever. The second way to shop for life insurance is to go about it the smart way and ask for help from a trained professional whose job it is to help people find the right policy at the lowest possible premiums. The second way is what this blog post is all about.
Comparing life insurance quotes from multiple companies is a great idea but can be confusing if you do not consult a life insurance expert.
1. First of all you must realize that jumping from one website to another running quote engines is virtually going to do one thing and that is to get you totally confused and frustrated. This is because life insurance can be complicated and confusing to understand especially when you are not an experienced insurance professional. Life insurance can sometimes even become confusing to the Pros with all the changing life insurance plan designs and new riders being offered today.
Life insurance Agents and Brokers are duty bound to help you find the lowest life insurance quotes with no cost to you as their client.
2. If you are looking to purchase any new product or service that you don’t fully understand, you need to yell for help. Life insurance agents and brokers have a legal and moral obligation to help you every inch of the way at absolutely no cost or obligation to you the client. You can purchase your life insurance by going direct through a life insurance company, but you never ever receive personal assistance with someone who really cares about helping you find the best plan at the lowest premium.
On top of that you totally destroy your chances of getting the lowest premium by comparison shopping. Your agent can compare over 40 life insurance companies side by side and print off the results to show you who actually have the lowest life insurance quotes on the market today. Again, this service is totally free of charge.
Health conditions, hazardous occupations and dangerous sports can all have an impact at your final life insurance rates.
3. One of the most important steps if you have a health condition, a hazardous occupation or you are involved in a dangerous sport is to have your agent run a pre-screen for you. Without a pre-screen, you are driving down the road blind. Any good agent will do this without asking.
Due to the fact that all life insurance companies underwrite their applications differently, you must know which company will offer you the best offer. Applying with the wrong company will be a huge mistake which could lead to a decline of your application or having to pay higher premiums than you need to be paying. Health conditions are the major cause of this. This commonly happens when a consumer buys direct from a carrier.
The life insurance company’s employee wants you to buy from them if their premium is higher or not. If you apply and you are not happy with the final premium, you just wasted your valuable time. The premium is exactly the same if you buy direct or through an agent. If you buy direct you may be speaking with someone who flipped hamburgers in a restaurant last month instead of a true experienced and licensed insurance professional.
Non-Med life insurance has its place, but fully underwritten life insurance can offer you the lowest life insurance rates possible.
4. If your goal is to find the lowest life insurance rates or quotes you are going to want to apply with full underwriting and not apply with a non-medical exam application. There sometime are exceptions to this rule that your life insurance agent would inform you about. A fully underwritten application will normally always come back with the lowest life insurance rates possible.
This is very important when you are planning to purchase low cost life insurance. If you are out to get the best Term life insurance rates or Universal life insurance, the fully underwritten route will be the way to go in about 90% of most cases. Securing the lowest life insurance rates is not a science but it definitely requires the experience and knowledge of an experienced life insurance agent to succeed.
If you apply for life insurance and the final rates come back higher than anticipated, your agent can request a second review of your application.
5. If your life insurance application process is complete and you are not happy with the final rates, your agent can contact the life insurance company to request that they re-review your application for a lower rate. If the premium is totally justified and the carrier will not budge from the price, your agent can have you apply with another company to take a crack at finding a lower premium for you.
In a case like this, you will not have to go through any more medical exams where the company sends out a Para-Med Nurse. The medical finding will usually be good for 6 months. Normally when your agent has you apply with a specific life insurance company, this will be the most appropriate and applicable company to choose to apply with.
Don’t hesitate to contact us 7 days a week if you have any questions or would like to find out what you options are for finding a good affordable life insurance plan. There is absolutely no cost or obligation for our service. Our goal is to help you find low cost life insurance with the largest choice of carriers anywhere on the internet. Thank you for reading our blog post, please visit our website for more information to help you find the right plan.
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