As life insurance is as much about peace of mind as it is about financial security, you should be comfortable with the specific insurance company you choose to get a policy with.
We recommend looking at three factors when determining which life insurance company is best for you:
- Price: While you want life insurance in the event of your unexpected death, you certainly hope that your life insurance policy never has to pay out. So, when you do purchase a policy you want to pay as little money as possible for it, hoping that you are, in essence, “throwing your money away”; or, perhaps better put, just paying for peace of mind.
- Underwriting Standards: Companies assess health and risk factors differently and so you want to go with the company that will be most lenient in assessing your personal risk factors. Height/weight, family history, tobacco use, diabetes, driving history, scuba diving, etc., can be rated and priced very differently depending on the company.
- Financial Strength Ratings and Quality of Company: While all of the companies we work with have been around for a long time, are large companies, and have overall strong financial ratings, some companies are bigger, financially stronger, and better rated than others. You should choose a company with financial strength ratings that you feel comfortable with.
After reviewing prices, underwriting standards, and the financial strength ratings of various life insurance companies, we encourage you to choose a company that you feel comfortable will help provide you the peace of mind and financial security that life insurance is intended for.
Click here to learn more about the companies we work with.