Term Life Insurance Companies

Shopping for the right term life insurance company is a daunting task, with the multitude of options offered by the companies. All of them have different nuances while trying to attract the customer. As healthcare costs are also on the rise, getting an affordable life insurance rate has become even more important. This is true even for corporations who are searching for the optimal group term life insurance at affordable rates for their employees.

Term life insurance companies sell the same type of product with their own price structures, coverage, and policy exclusions. This is why reading and understanding the legal fine print is considered significant before narrowing down on the company and the policy contract. Companies usually train their sales team on their own products. There are also independent insurance specialists who sell the products on behalf of various life insurance companies. A majority of these intermediaries are in the form of online websites which can do the comparison shopping for you based on your personal information. They try to come up with the closest matching choices and usually would provide further information to help you make a conscientious decision.

In choosing a term life insurance company, one must consider its financial and operational stability, as you will be entering into a long-term engagement and relying on them for financial security for your dependents. Some industry standard ratings include Standard & Poor’s, A.M. Best Company and Fitch. These impartial ratings help indicate the long-term reliability of the company. Customer service quality is another major factor which should be driving the decision towards choosing a term life insurance company. Metlife, The Western and Southern Life Insurance Company, and Aetna are some of the major life insurance companies with a significant customer base and excellent service.

Life Annuities

Term Life Insurance – Buy Term and Invest the Difference!

The phrase “BUY TERM AND INVEST THE DIFFERENCE” evolves around the concept of term life policy which is a basic protection policy and the endowment/ whole life policy which has protection and investment/saving features. To put it simply, the phrase means that instead of taking up the endowment/whole life policy, an individual should buy a […]

Read More
Life Annuities

Term Life Insurance, What Is It All About?

What is term life insurance? You have an interest in buying term life insurance, that is why you are reading this article, and you want to know how it really works. Right? Well, there are many types of term life insurance and I am going to give you a brief explanation as to how each […]

Read More
Life Annuities

Life Insurance: Term or Universal?

Deciding on the wrong life insurance plan might leave a family without financial resources at the worst possible time. Choosing between term and universal life insurance plans can be confusing. Only with some research and planning can a responsible choice be made. Do You Even Need Life Insurance? Before deciding between term and universal coverage, […]

Read More