Why Use a Term Life Insurance Broker?
Posted by Lenny Robbins on Wed, Jan 25, 2012 @ 03:27 AM
If you are over 50 and thinking about life insurance, you may wonder where you should go. Should you shop online? Yes, if you shop online for independent term life insurance broker.
Why Should I Use an Independent Term Life Insurance Broker?
An online quote engine can only give you a general idea of insurance rates, they can't sell you insurance. A term life insurance broker can take your information and give you a more accurate quote than a quote engine. In order to buy insurance, you will need to talk to an agent, take a medical exam and make an application. So why not start with a call to an independent insurance broker in the first place?
Insurance brokers give you personal attention. They will ask you questions and help match you with the insurance which is right for you. Since an independent term life insurance broker deals with many carriers, and isn't just a salesperson for a particular company, they can help you get the policy which fits you best.
How Can I Tell if an Independent Term Life Insurance Broker is Good?
- Check their website to see if they provide good information.
- Does their website seem geared to help you make a good life insurance decision rather than just being a sales pitch?
- Check your state department of insurance to see if the broker is in good standing.
- Look to see if they have a lot of client comments on their page.
- See how they respond to comments and questions.
Term Life Insurance Brokers Save You Time
- By helping you understand which type of insurance best meets your needs and answering all your questions.
- By doing the shopping for you among the different carriers and policies.
- By helping you through any problems in the application process.
- By taking care of the details of your application and health exam.
Term Life Insurance Brokers Save You Money
- By steering you towards a company most likely to give the most favorable rate to someone with your age, health history, and lifestyle.
- By having your information looked at by their independent underwriter who can intervene for you with the company.
- By helping you choose the right policy.
The Bottom Line:
Life insurance needs can change. If you use an independent term life insurance broker to buy insurance, they will not go away once the policy is signed. Independent life insurance brokers are not salespeople trying to get you to buy their product, they are your agent in the life insurance market. Their aim is to be there to help you today, and tomorrow.
Photo credit: Patrick Hoesly