How to Choose the Best Life Insurance Company

how to choose the best life insurance company

If you’ve decided to purchase a life insurance policy, it’s time to find the provider that’s right for you. But, how do you figure out which life insurance company and policy to go with? To find that answer, you’ll need to look at certain aspects of the companies you are considering.

Find the Best Life Insurance Company for You

As you consider which life insurance company to go with, you’ll need ask a few questions.

1. Is the company solid financially?

When you buy a life insurance policy you want it to be there to pass benefits onto your heir. Check companies out to make sure they are solvent. Do some homework to see how well they are rated. The Insurance Information Institute recommends seeing how they are rated by independent rating agencies.

2. What products do they offer?

Review the products a company offers to make sure they can provide the coverage you want. Some companies offer unique features you might like, so look for those as well.

3. How’s their customer service?

Find out how well a company takes care of their customers.  The National Association of Insurance Commissioners (NAIC) lets you use a Consumer Insurance Search toolto see insurance company complaints, financial health and licenses.

4. How much will your policy cost?

Premiums can vary widely by company so be sure to shop around. Compare apples to apples, though, request costs for similar limits and features.

Shop Around for Your Provider

The process of finding the best life insurance company for you begins with policy and cost comparison. If you’re ready to start, learn moreabout types of life insurance available. Then use our online quote generator, and the search is on.

About Barbara Howington

In a 40-year career that began as editor for a college public affairs department, Barbara has been an instructional media script writer, public relations director, marketing manager, account manager, and co-owner of a graphic design, marketing and public relations firm. For the past several years, she has funneled her knowledge and insight into copywriting, her favorite part of every professional position she’s held.