Life insurance is one of the most important investments that you’ll ever make for the future of your family. It’s the best way to ensure that they have the insurance protection that they need, regardless of what happens to you. When you’re shopping for the perfect life insurance policy, there are dozens of different factors that you’ll need to consider to ensure that you’re getting the perfect insurance plan to meet your needs.
The process can easily become overwhelming as you’re trying to decide between the thousands of different companies that are on the market. Luckily, there are independent insurance agents to make the process as quick and simple as possible. For the many in search of life insurance, an independent life insurance agent can play a vital part in obtaining the best policy.
While an exclusive agent is only able to offer insurance options from one company, an independent agent can offer insurance alternatives from a number of carriers. This has some similarities to the way that some insurance agencies will compare the rates of other companies.
What makes going through an independent agent more valuable than just receiving rate comparisons is that an agent can compare all the ins and outs of life insurance policies available through various companies. Going through an agent can take a lot of the tedium out of wading through each insurer’s health and lifestyle requirements, premiums, coverage and the like.
Why Choose An Independent Agent
If a person seeking life insurance has conditions that might make obtaining a policy difficult, an independent life insurance agent may be able to assist in easing that process. An independent agent that concentrates in this area is known as an impaired risk specialist. This type of independent agent is well versed in the nuances of policies offered by several companies.
One insurance company may be more likely to insure someone with a heart health issues or be more prone to insure someone with a history substance misuse. One insurance company may be willing to offer more affordable premiums to someone who enjoys skydiving than any of the others. Some specialists can even pave the way with inquiries to companies before making an official submission. Whatever the case may be, an independent agent can navigate this so that a high risk client gets the best insurance choice possible.
No Conflict Of Compensation
Since an independent life insurance agent is considered an independent contractor, the agent draws no salary from any of the insurance companies that they represent. They work on a commission basis and as such have less interest in making sure that a person looking to be insured sign up with one particular company or another. This also increases the chances that both the insurer and the insured are pleased with their match. Through an independent agent, a person seeking to be insured may end up with the most suitable life insurance policy for them being with a company that hadn’t even been previously considered. This is also a way for insurance companies to reach out to previously untapped markets.
Finding An Independent Life Insurance Agent
Through a bit of searching online, someone in search of life insurance can find an independent agent to work with. There are even independent insurance agencies through which one can find an agent. Anyone working as an independent agent has have proper state certification to sell life insurance in that state. An independent agent also has to have the permission of the insurance companies in order to represent them. For those looking to work with an independent agent, there are methods to verify an agent’s certification in that state. If an independent life insurance agent is needed, the right one for the job can be found.
Getting Lower Rates through an Independent Insurance Agent
When you’re shopping for life insurance, there are several ways that you can ensure that you’re getting the lowest rates available. We mentioned that working with an independent agent is a great way to do that, but it’s not the only way that you can secure lower insurance premiums. Before you can be accepted for life insurance protection, the insurance company is going to require that you take a medical exam (unless you choose a no exam policy), and the results from the exam are going to play a huge role in how much they charge you for your life insurance policy.
If you want to get better rates from the medical exam, there are a few simple lifestyle changes that you can make. The first two are a healthy diet and getting regular exercise. Both of these can help you lose weight, lower your cholesterol, lower your blood pressure, and reduce the risk of being diagnosed with severe health complications like diabetes and heart problems. If you want to save money on your insurance plan, it’s time to starting hitting the gym and skipping the extra serving of dessert, it could save you hundreds of dollars on your life insurance plan.
Another excellent way to improve your chances of getting lower rates is to eliminate any tobacco that you currently use. If you’re a smoker, you can expect to receive much higher premiums. In fact, smokers are going to pay twice as much for insurance versus what a non-smoker is going to pay for the same amount of life insurance. If you want to save money on your insurance, it’s time to kick that bad habit to the curb. If you’re a smoker, working with an independent agent is a great way to find an insurance company that is going to give you excellent rates and will look more favorably towards smokers.
What Make Us Different?
As an independent life insurance company we have the ability to choose from over 90 different companies. We have no loyalty to any one insurance company; we choose the best insurance company that’s going to give our clients the best rate, period. If you’re tired of your insurance agent not being able to get you affordable life insurance in a prompt manner, I suggest you give us a try.
Calculating Your Life Insurance Needs
Before you apply for life insurance, it’s important that you calculate what your life insurance needs are and how much your family will need if something tragic were to happen to you. Aside from purchasing a life insurance plan, it’s vital that you give your loved ones the money that they need. There are several different factors that go into calculating your insurance needs.
The first number that you should look at is all of your debts and any expenses that you would leave behind. The primary goal of your life insurance plan is to give them the money that they need to pay off those bills that you would leave to your family. They would be responsible for your mortgage payments, car loans, and much more. All of those debts can make an already difficult situation a thousand times worse.
The next number you should crunch is your annual income. If you’re one of the main income earners in your home, your family would lose a stream of income, which can make it difficult to pay for necessary expenses. The secondary purpose of your life insurance plan is to replace your income and give your family the money that they need to get through the difficult time.
There is no “perfect amount” of life insurance that works well for everyone. Each situation is different and everyone will have different needs, but most life insurance experts suggest getting anywhere from seven to ten times your annual income. In most cases, this will work fine, but it’s important that you calculate what your exact needs are.
Getting Life Insurance With An Independent Insurance Agent
Buying life insurance can be a long and difficult process if you try and do it alone, but it doesn’t have to be. Working with an independent agent is not only the best way to get affordable life insurance, it’s one of the easiest as well. Our agents can bring you all of the best rates and policies directly to you, which means that you don’t have to spend hours on the phone calling dozens of companies. We can save you both time and money on your life insurance buying process.
You never know what’s going to happen tomorrow, and nobody wants to this about his or her own death, but it’s one of the most important events to plan for. Not having life insurance in place is one of the worst mistakes that you can make for your family. Contact us today and we can get the process started.