Buying a life insurance policy can be a long and difficult process. There are several different types of policies to choose before, it can be hard finding the policy that fits your needs perfectly. It doesn’t have to be that difficult. One of the best ways to make the process easier and pain-free is by working with a life insurance broker.
Over the years I have frequently run into people who do not understand why working with a life insurance broker really is the best idea. For people that have used a broker, they can’t imagine going through the process without one. To give you a better picture here are the top four reasons for working with a broker like us.
Life Insurance Brokers aren’t Captive Agents
A captive life insurance agent is an agent who works for one life insurance company, and can only represent that single life insurance company. They are not able or permitted to work with any other life insurance company. That’s kind of like your doctor only working with one particular pharmaceutical company and only offering prescriptions from that one company. Ultimately that doctor won’t be able to help you or heal you as well as a doctor who works with all the prescription medication providers.When you work with life insurance brokers, we bring the power of all the life insurance companies right to you. We have been faced with countless instances where we found a client of ours was going to be offered a better premium rating with a different life insurance company or a different type of life insurance once we began the process. It’s good to know you can work with a life insurance broker who has the ability to change gears and work towards acquiring you a policy with a different company than initially applied for.Shopping Hack: Compare Life Insurance Policies From 12+ Companies
When faced with a situation like that, being life insurance brokers allows us to change gears and work with a different life insurance company to make sure we match you up with the best company for your particular life insurance needs and life situation. In the world that we live in, filled with options and customization’s available to us, there is no better way to acquire life insurance quotes than through a life insurance broker.
We Get You Life Insurance Quotes From Multiple Carriers
Having options, particularly when you are shopping for life insurance quotes, is very important. That’s why working with a life insurance broker is the most significant factor to keep in mind when you begin your life insurance research process.If you work with a captive agent they will only provide you quotes for a single company, that being the company that employs them. When you shop for life insurance through an insurance broker like us, we provide you quotes from over 60 of the top rated life insurance companies available to you.
That means we provide you with more options for life insurance which increases the odds of us matching you up with a life insurance company that will provide you the least expensive monthly premium.
High Risk Life Insurance Cases Are Handled With Care
There have been countless instances where we had a client who had a need for high risk life insurance, also known as impaired risk life insurance. When you work with a captive agent, you are at the whim of the life insurance company they solely represent. If that company decides to decline you life Insurance coverage or if they determine you are a high risk health class then there’s not much that agent can do for you.On the other hand, when you work with a life insurance broker who represents over 60 top rated life insurance companies, such as LifeInsuranceUnited.com, we work to match you up with the right company who looks upon your high risk life insurance situation in a more favorable manner.
Certain health conditions such as diabetes and cancer (as well as many other illnesses) are provided more leniency with certain life insurance companies. Being independent life insurance brokers and having relationships with those companies’ means we can shop your case to them to get you the best rates possible given your particular health condition. If you have an impaired risk case such as Type 1 or Type 2 diabetes or a history of cancer, no need to worry, we’ll work with you to find you the best coverage from a company that should be able to insure you.
Life Insurance Brokers Are Usually More Experienced Than Captive Agents
Captive life insurance agents are typically less experienced than life insurance brokers. When a new life insurance agent enters the field he will usually join forces with a particular life insurance company and learn the ropes from them. While doing so he can only sell policies from that particular company. This is a great method to learn how the business works and is how I myself and most other agents break into this industry.Once an agent understands how the life insurance works and how it’s sold he will want to become a life insurance broker, or he should. This allows the agent more freedom and access to more life insurance plans to make sure he’s doing his clients justice. If you ever meet with a life insurance agent who provides you quotes from one life insurance company please thank him kindly and send him on his way. The best thing you can do for yourself is have an insurance broker who can quote you dozens of life insurance quotes try to find you the best policy for your money.
Getting the Lowest Rates Possible
As we mentioned earlier, working with a broker is a great way to get the lowest rates possible because they work with dozens of different insurance companies and they can get you the best premiums available, but working with one of these agents isn’t the only way that you can save money on your policy. There are several other ways to lower your insurance rates and keep more money in your pocket without sacrificing any coverage.
One of the first ways is to focus on your health. After you choose a company through your insurance broker, the insurance company is going to want to know about your health and any complications that you have. After you finish the initial paperwork, the insurance company is going to send a paramedic to complete a simple health exam. The results from the exam are going to have a huge impact on how much you pay for the plan. Your diet and exercise will help you lose weight, lower your blood pressure, and lower your cholesterol, which translates into more money in your pocket. If you want to save money, spend some time sticking to a healthy diet and exercise program. Your doctor and wallet will both thank you. Perhaps you have serious health issues and want to know if you can buy life insurance without a medical exam; if so we can help answer your questions.
Additionally, kicking your bad habits like smoking will also save you hundreds or even thousands of dollars on your insurance policy. If you’re a smoker, you can expect to pay double or triple what a non-smoker is going to pay for life insurance coverage. Smoking cigarettes increases your chances of having severe health complications, especially later in life, which means you’re a higher risk to the life insurance company. If you want to get affordable life insurance, it’s time that you drop those cigarettes once and for all.
Of course, the best way to ensure that you’re getting the best rates is to compare dozens of quotes from different insurance companies. The best way to do that is through a life insurance broker. Sure, you can try and do it yourself, but you’ll spend hours and hours talking to different companies while you answer the same questions. Instead of doing all the boring work, let our agents do it for you. Simply fill out the quote form on the side and all the best rates will come to you.
It’s vital that you have the perfect policy that you and your loved ones deserve. If you have any questions about the different kinds of life insurance, working with an independent agent, or insurance coverage, feel free to contact us at any time. We are dedicated to ensuring that you get the life insurance coverage that you and your family deserve.