The Best Life Insurance Companies
Term Life and No Medical Exam Plans
The Best Life Insurance Companies for Term , Whole Life and No Medical Exam plans will be the topic of discussion in this article.
Best Life Insurance Companies
As long as you’re dealing with an AM Best “A”-rated company, you should be fine in terms of the company’s financial stability and ability to pay the balance once you pass on.
Run your own quote from the Best Life Insurance Companies all of my carriers are AM Best rated A or better!
Since my primary business is No Medical Exam plans, I often work with carriers that the average person may have never heard of. This is why it is important , regardless of the plan you are considering, to do some online research and understand the carrier you may be considering. The AM Best Raiting is certainly a good starting point. The next thing to do is go directly to the carriers website and review their history , financial status as well as the overall goals of the carrier. i.e. What market do they work in , types of plans they offer etc.
Lack of good customer service , by agents and life insurance carriers are another complaint that I hear about. If you work with a Life insurance Call Center , you are more than likely going to be frustrated with customer service. The number one complaint is lack of agent support. When dealing , directly, with a life insurance carrier, make sure you document names and conversations. Most Life Insurance carriers , that I work with, have very good to excellent customer service.
Here are some Key Companies and why I like them:
Americo – Excellent Rates for No Medical Exam Plans
Banner Life – Competitive rates and generous underwriting criteria make them an excellent choice
Life Insurance Company of the Southwest – No Medical Exam plans. Our premier online carrier. You can get a quote and apply online and have a decision in about 10 minutes
Transamerica Life – If you are looking for a small no medical exam policy ( Uner $100K) you can get the rates of a Full Medical Exam Plan without taking a Medical Exam!
I work with 60+ carriers , all A rated.
The basics of buying a Life Insurance Plan
Taking a step into the unknown land of life insurance for the very first time might feel a tad daunting, but by keeping the helpful tips listed below in mind, you will soon find yourself being smarter by purchasing the best life insurance policy for you and your family.
Try not to put off getting a life insurance plan. Get a life insurance plan as soon as you can comfortably afford it. If you get a life insurance plan when you are still young, the cost will be less for the rest of your life. Waiting until your health is failing will cost significantly more.
You may need to amend your life insurance policy if you have changed your occupation. The insurance policies are meant to help your family when you pass away. They take into account how much money you are making annually but if you do not report a change, it may be based off of your old income. If you are making $30,000 more a year that could make a big difference in the amount of money that your family may need.
If you have term life insurance, you have the option to change your policy to a permanent one using the “convertibility” option that many companies offer. This is a great option for a young person who wants coverage but may not have the financial means for a permanent policy as of yet. The idea is to convert it to a permanent policy once you feel you can afford it financially.
Lower the cost of life insurance by keeping healthy and eliminating unhealthy habits such as smoking. After 12 months of no nicotine use you can get a better price on most life insurance plans.
To get a quote form the best life insurance companies, contact me today at 512-963-5000 or use my contact form and I will give you a call.