There is certainly no lack of unjustified respect for some of the biggest names in life insurance in the country. If you’ve seen their name on television or in magazines it kind of sticks with you and you probably, like most folks, assume that big and famous, means good prices. In life insurance you can just about take it to the bank that the opposite is true.
Those companies that we all know, with the notable exception of Prudential, are making a killing selling overpriced term insurance, whole life and universal life to customers that really don’t check it out and find out what they can really get. Just today I saw an example of a Hartford quote on a woman in Arkansas, who is a breast cancer survivor. The Hartford quote was fully 200% higher than the competitive companies like Prudential for the exact same product.
Don’t get caught up in big names. Get an independent life insurance agent to shop the market for you and find the best possible rate, still with highly rated companies, and be rewarded with fair prices. It doesn’t matter if you are completely healthy, or have had cancer, coronary artery disease, type 1 or type 2 diabetes, a stroke, or hepatitis, a good independent agent will beat the rich and famous companies every time.
This post is somewhat dated. Life insurance underwriting is changing and evolving continually. For more updated information check out some of the key word links. If you have a specific question or topic you need information for do a search. If you don’t find the answers you need contact me and we’ll make sure you get the information that is important to you.