Comments on: 10 Things To Know When Buying Insurance Policies

By: Denise

Denise — Mon, 30 Nov 2009 06:14:53 +0000

Great tips, the internet has made it easy to find information from reliable sources these days. I agree with the second tip and the last tip. It’s vital to know the financial strength of the insurance company you will be investing in. Some of the most recognized life insurance rating organizations are A.M Best, Standard & Poor’s, Moody’s, Weiss and Fitch. A good online insurance quote provider will give you quotes and ratings of each life insurance company so that you are able to make an informed decision. They also help you shop around for the best deals. You can then compare quotes yourself to find the best and most affordable life insurance policy for your particular situation. There are no obligations.

Denise at AccuQuote
Disclaimer: I work for AccuQuote and this is my personal opinion.

By: In Case You’re Bored This Weekend…Episode 7 | Grant Baldwin's Blog

Fri, 13 Mar 2009 10:16:43 +0000

[...] 10 Things To Know When Buying Insurance Policies – Pretty self-explanatory…very helpful list of items to review if you have insurance. [...]

By: Robert Bland

Robert Bland — Tue, 03 Mar 2009 18:59:43 +0000

Hi,

I just triple-checked the AIG life company ratings at Insure.com and found that they are perfectly accurate as of today:

UNITED STATES LIFE NY, NAIC# 70106
A.M. Best A (11/10/2008, Affirmed, Outlook: Negative)
Fitch Ratings AA- (9/17/2008, Revision Implication Watch, Outlook: Rating Watch Evolving)
Moody’s A1 (3/2/2009, Downgrade, Watch Status: Not on watch)
Standard & Poor’s A+ (9/15/2008, Downgraded, Outlook: Watch Developing)
TheStreet.com Ratings C (8/14/2008, Downgraded)

AMERICAN GENERAL LIFE TX, NAIC# 60488
A.M. Best A (11/10/2008, Affirmed, Outlook: Negative)
Fitch Ratings AA- (9/17/2008, Revision Implication Watch, Outlook: Rating Watch Evolving)
Moody’s A1 (3/2/2009, Downgrade, Watch Status: Not on watch)
Standard & Poor’s A+ (9/15/2008, Downgraded, Outlook: Watch Developing)
TheStreet.com Ratings B (11/14/2008, Downgraded)

By: Grant Baldwin

Grant Baldwin — Tue, 03 Mar 2009 17:02:38 +0000

Not only some great tips, but great links and resources to put action to it.

Thanks!

By: Barbara Waltz

Barbara Waltz — Tue, 03 Mar 2009 15:47:14 +0000

@ Penelope- It is always good time to look into it and weigh your options, id suggest reading up on what type of policy would be best for your situation . I have a few articles on my site but you could also get help from a local agent if you are already in contact with someone

@ Miranda – Definitely shop around. One of the biggest fears people have about dealing with an agent directly , i.e them coming to your home or you to their office, is that they will try to pressure you into something. This is rarely the case but if you are concerned about it, start with agencies you have used for other insurances or your family/friends have. Then of course online doing it online is great as you can get a quick quote that is usually pretty accurate to give you a good idea of what you need to take into account for your budget.

By: Miranda

Miranda — Tue, 03 Mar 2009 14:04:53 +0000

Thanks for sharing these tips. I like the idea of going to a local agent, and meeting him/her in person to see what’s available — and then comparing to what I can get online.

By: Trevor - 14 Year Old Blogger

Trevor - 14 Year Old Blogger — Tue, 03 Mar 2009 07:01:48 +0000

Good post. I’m starting to think that insurance is a need… hmm…

By: Chris Cashman

Chris Cashman — Tue, 03 Mar 2009 03:50:15 +0000

I would be a bit wary about the financial strength ratings at the insure.com site as they list most of the AIG companies as A and A+. This is probably due to the fact that the ratings there have not been updated since early September.

By: Penelope Pince

Penelope Pince — Tue, 03 Mar 2009 03:32:59 +0000

Thanks for these tips. I’m about to start shopping around for health insurance and will keep all this in mind.