Don't Look For a Whole Life Insurance Quote
Posted by Lenny Robbins on Fri, Jan 20, 2012 @ 03:52 AM
Unlike term insurance, you can’t get a whole life insurance quote online. Nor should you want to.
When seeking a whole life insurance quote, there are many personal factors involved that should be considered—the best type of whole life policy for you, the right benefit amount, and the carrier who offers the best rate for what you need.
These decisions should be made with the aid of someone with professional knowledge of the life insurance market. Buying whole life insurance absolutely calls for the expertise of an independent life insurance agent.
Rely on Expert Guidance
Whole life insurance offers many advantages for people with certain needs. But the complexity of whole life insurance means that it can’t be treated as a simple commodity—the lowest premium price isn’t always the best deal! For example, the highest guaranteed interest rate might be more important to you than the premium cost. It all depends on your goals.
It takes an independent agent to:
- help make sure whole life is indeed the best choice for you
- understand the different types of whole life (e.g., participating, non-participating) and how they relate to your needs
- compare the advantages and costs of your options to help you decide which choice makes the most sense for you
- use market knowledge and relationships with numerous carriers to find the carrier with the lowest rate for the type of whole life you select, as well as for your medical history and lifestyle.
When seeking a whole life insurance quote, don’t go to an agent who is cative to one carrier. Instead, contact an independent life insurance agent with a history of working on behalf of customers. A dedicated, expert agent will take the time to fully learn your specific situation and then help you search among multiple carriers to find the one that offers the best price for what you truly need.
Bottom Line
Your choice of whole life insurance will have a significant impact your wallet for years to come. It also is a critical decision in protecting your loved ones. If you’re in the market for whole life insurance, the smart move is to get your whole life insurance quote from an experienced independent life insurance agent who is committed to your long-term satisfaction—not just to making a quick sale.
Photo credit: Marcelo Graciolli