Life Insurance Companies
Are you searching for a life insurance policy but don't know which company to choose? A licensed life insurance agent can help you determine what type of policy you need and which life insurance companies may have the product that is the right fit for you. Below, we outline some important questions to ask a life insurance company before purchasing a policy.
What to Look for in a Life Insurance Company
According to the Insurance Information Institute (III), there are about 1,000 life insurance companies doing business in the United States. Keep in mind that not every company is licensed in every state. Select a company that is — contact your state department of insurance to learn more.
It's important to research the insurance company you are thinking of working with. When evaluating an insurance company, III recommends considering the following:
- Is the company financially strong?
- How does the company's ratings compare to its competitors?
- A.M. Best and Standard and Poor's are two ratings systems you can use
- What products do they offer? Do the products fit my needs?
- How is the customer service?
- Are premiums and rates competitive?
- Does the company pay out claims quickly?
These are just a few of the questions a licensed life insurance agent can help you answer.
Find Life Insurance Companies by State
If you want to find insurance companies that operate in your state, get in touch with your state department of insurance. Each state may have its own policies and regulations regarding the sale of life insurance.
If you're ready to start exploring your life insurance options, call a licensed life insurance agent at 1-855-303-4640.
This is an advertisement for life insurance.
Applications for life insurance may be subject to acceptance by insurer. Issuance of the policy may depend upon answers to health questions. Rates and coverage amounts depend upon the carrier selected. Your policy may be subject to underwriting approval. You will receive only the benefit amount in the policy issued.