Which term life insurance should I choose?

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PostPosted: Wed Dec 17, 2008 5:52 am   Post subject: Which term life insurance should I choose?  

I want to take a term life insurance policy. Can any one provide me some details on best company in this field?

pattylee0
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PostPosted: Wed Dec 17, 2008 10:41 am   Post subject:   

You can find out a company in the following ways,



Contact a life insurance agent. you may contact an independent agent for comparative study of the various plans available in the market and also the costs.



Ask friends and family. They are often a very good source of information. And can help you with the decision making process.



Lastly, you may check with the state insurance department's website for the list of providers in your area. Also, you may dig little bit more on their client services and claim payment goodwill in order to make an informed choice.



~Jeremy

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PostPosted: Wed Dec 17, 2008 11:03 am   Post subject:   

Hey Patty, let us know where you reside, we may be able to list the companies doing business in your locality. Some of the top life insurance companies in US are listed below



Met life

New York Life Insurance

Prudential Financial

AFLAC

Massachusetts Mutual Life Insurance

Aviva


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dallas-dick
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PostPosted: Wed Dec 17, 2008 1:48 pm   Post subject:   

There are several leading term life insurance companies.



Each year, a list of leading term life companies is issued based on number of individual term life insurance policies issued.



Here's a list of top term life insurance companies << term-life-online.com/top-term-life-insurance-companies.html.



When comparing plans and companies make sure you review the financial rating of the insurer.



Also, you can choose coverage for 10, 15, 20, or 30 years.



Consider renewable term life insurance as this allows you to renew your policy without having to take a physical exam to qualify again.



Also, the conversion privilege allows you to convert your term life insurance policy to a permanent life insurance policy by a certain date in the future.



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Hadley
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PostPosted: Thu Dec 18, 2008 7:04 pm   Post subject:   

Hi Hadley:



You can go to ustermlife.net and run your own life insurance quote on various term life plans available. It uses highly rated insurers and makes getting term life plans very easy.



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ProAgent
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PostPosted: Thu Dec 18, 2008 10:17 pm   Post subject:   

go to termsite.com you can quote different carriers and non med compaired to fully underwritten. you can see the difference in price for all the different carriers.


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mocharanger
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PostPosted: Fri Dec 19, 2008 5:17 am   Post subject: insurance  

Gonna out my '2 cents' in. Someone had posted AFLAC........I don't have the best experience with them, that's for sure!! Life Insurance CAN get confusing. Whether, or not, Whole or Term is 'better', etc. It DOES get confusing.

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PostPosted: Fri Dec 19, 2008 7:07 am   Post subject:   

Well, Sd, I'm sure that you are not the only one with a bad experience with a certain insurance company. We all at some given point of time has had experienced hardship with the insurers. The consumer experience varies extensively, when Mr. A is satisfied with Company X, Mr.B has a very different idea about it.



The OP has to make his own choice, we can only provide him with an unbiased list of companies in the business.

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PostPosted: Thu Jan 01, 2009 6:07 pm   Post subject:   

What is your date of birth? What state do you reside in? How much coverage are you looking for? How many years of coverage, 10, 15, 20, 30? Are you on any medications? Do you have any medical conditions? What is your height and weight?



If you answer these questions, I can get you some quotes for several different companies.



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PostPosted: Sat Feb 23, 2013 8:45 am   Post subject:   

Contact with life insurance advisor or search online for companies and compare their plans is the best idea according to me. Well the term life insurance plan which provides coverage at a fixed rate of payments for a limited period of time,



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PostPosted: Sat Feb 23, 2013 3:43 pm   Post subject:   

Quote:
search online for companies and compare their plans is the best idea according to me
One person's opinion.



Working with a local a agent is usually a more appropriate choice. That agent, if he/she knows what they are doing, will interview you to properly determine what type of life insurance is best suited to your current and future needs. It could be a term policy today, which is convertible into a cash value policy in the future. Or it could be a cash value policy from Day One. Each person's needs are different, and there is no single solution that fits all situations.



Don't believe an agent who says there is only one kind of life insurance that is "right" for everyone, including a Primerica agent who only has term life insurance to offer you.



You will probably not find that answer in an "online" life insurance calculator.


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PostPosted: Sat Feb 23, 2013 8:50 pm   Post subject:   

In several threads, you have been pushing for a local agent. With today's technology, there is absolutely no reason that an agent needs to be local. If the preference is to meet face to face, fine, but there is no need and no advantage to it.


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PostPosted: Sat Feb 23, 2013 11:08 pm   Post subject:   

It may not be necessary, but it's still the way the majority of people prefer to obtain their life insurance according to LIMRA and other consumer studies. That's why I always recommend it. Sorry if that doesn't fit your business model and detracts from the number of people who do business with you..



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PostPosted: Sun Feb 24, 2013 6:44 am   Post subject:   

It doesn't detract from people who do business with me. About half of my practice is local and half is national. I'm curious. Does Limra say that they prefer it or does Limra simply give the numbers?



I would bet that the vast majority of decent sized whole life insurance is done face to face. I would also bet that the % of people who buy term life insurance without meeting an agent face to face is increasing every year.



My guess for the reason that most is done face to face is that life insurance is still something that is sold much more than it is bought.


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famvar
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PostPosted: Sun Feb 24, 2013 7:36 am   Post subject:   

Quote:
most is done face to face is that life insurance is still something that is sold much more than it is bought


That may be partly true, but mostly people who intended to purchase comment that they feel life insurance is just too personal a product to do without meeting the agent face-to-face (kind of like buying a car -- you just don't go online and order one and have it shipped to your home). The statistics of life insurance, however, demonstrate that there is an overwhelming need for life insurance among the middle class, so "selling" as opposed to "buying" may just be two sides of the same coin. Those who tend to comment that "life insurance is sold, not bought" are generally commenting negatively about agents (who are perceived as conjuring up a need for life insurance where it does not exist). Personally, I think much less of that actually occurs today compared to 30 years ago (or more) when I was first licensed..



That being said, the latest edition of Best's Review indicates that when it comes to "marketing" (that is, reaching consumers initially, but not necessarily for finalizing the sale), life insurance companies are going to have to rethink conventional marketing tactics and make increased use of contemporary technology to reach consumers -- especially in the middle market and with cultural/ethnic minorities. Most insurers are putting greater effort into paperless applications that can be submitted from a clients home or office via a laptop, tablet, or smartphone (a technology review of Primerica gave a strong and highly favorable commendation for its online application process that can essentially underwrite up to $250,000 within about three minutes), which continues to indicate that they believe most insurance will still be closed in person, rather than online or long distance.


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