Comments on: 11 Tips On How To Get the Right Life Insurance Policy

By: Denise

Denise — Thu, 28 Jan 2010 06:44:14 +0000

These are excellent tips but I am afraid I have to counter your suggestion about contacting an independent advisor. It is not easy to find a life insurance broker who deals with lots of insurance companies. Most brokers are associated with just 4 – 5 companies, and invariably hard sell life insurance policies from just these companies. That doesn’t really offer us the best policy suited to our individual needs. Online life insurance agencies on the other hand have hundreds of life insurance companies on their database and when they run your details through the criteria of each of these, they are able to give you the best quotes of life insurance policies that suit your requirements. It is therefore a more unbiased offer than the ones an independent agent will give you.

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

By: Jerry

Jerry — Fri, 18 Dec 2009 18:19:24 +0000

#7 is I think one of the most important tips that you have listed. You should know the product in and out and should ask the insurance agent tough questions. Being truly informed will lead to making the right choice for you and your family.
Jerry

By: Stephane

Stephane — Wed, 07 Oct 2009 01:07:57 +0000

10 : 30 day trial period …. LOL

By: John DeFlumeri Jr

John DeFlumeri Jr — Tue, 06 Oct 2009 02:47:48 +0000

This is an excellent and comprehensive article. It will save people a ton of wasted money.

By: Evolution Of Wealth

Evolution Of Wealth — Mon, 05 Oct 2009 18:50:08 +0000

From my experience the rates of returns are lacking because of the people selling the policies. Most agents don’t set up a policy properly to get good returns. It’s not hard to get returns around 5% which for somone in a 25+% tax bracket it might be equivalent to closer to a 7% return in a taxable account. It can definitely fit nicely into someone’s asset allocation.

By: -> Flu Season Is Here, Just In Time For Our Vacation! Post Roundup | Bible Money Matters

Mon, 05 Oct 2009 14:03:52 +0000

[...] 11 Tips On How To Get the Right Life Insurance Policy: Can you see a trend here? [...]

By: Mike Piper

Mike Piper — Mon, 05 Oct 2009 12:15:02 +0000

Financial Samurai: Why not just stick with term and invest the rest in a Roth or other investment account? The rates earned by the investment component of insurance policies are usually pretty lacking due to their high costs.

By: Financial Samurai

Financial Samurai — Mon, 05 Oct 2009 00:56:44 +0000

Thanks for your thoughts. Any opinion on Whole Life, and its savings component vs. simply term life?

Let’s say you max out your 401k, have no CC debt, but have a mortgage. Would you still do whole life?

thnx