Shop Smart for Buying Life Insurance Online, Going directly to a life insurance company isn’t the best idea. Life insurance companies give different rates based on your specific situation. So if you go directly to a popular company, you may overpay for the same amount of coverage that you can get with another company for much less. To do this your best bet is to shop with an independent life insurance agency that will allow you to compare rates with all the companies side by side. Now while working with an independent agency is great, some call centers and agents unfortunately don’t have your best interest in mind. Once you find a good independent agency make sure they represent at least 30 A-rated companies and compare the rates online while you are on the phone to verify what you are hearing is true. Screen sharing is also very popular so if they don’t offer it, it’s a red flag because it’s a free service.
While shopping for the right plan you have to look out for a few red flags that will help you figure out if you are working with the right agency. The agent doesn’t start with a needs analysis Unless you know exactly how much coverage you need, your agent should always do a full needs analysis. This will make sure you are getting adequate coverage to take care of your financial responsibilities. When comparing life insurance quotes online make sure you keep in mind that sometimes the lowest rate on the quote engine isn’t always the lowest rate for you. Each company views different risks at different rates. So if you skydive, chew tobacco or have diabetes, certain companies may rate you higher, and some may rate you lower.