Life Insurance Questions & Answers: New to Life Insurance
New to Life Insurance Q&A
Showing 3 questions
What is the most common mistake people make when buying life insurance?
The most common mistake people make when purchasing life insurance is underestimating the amount they need. Often, people will just pick a round number that sounds like it should be enough without doing a true analysis of their future needs. Life insurance is one of the greatest ways to leverage money for the future when used properly.What questions should a first-time life insurance buyer ask their agent?
First, ask if your agent is able to write for multiple carriers. Different carriers may have not only different pricing, but different underwriting requirements. One carrier may view a recent health condition differently than another. If your agent can only write policies for one carrier, you may pay more for a policy or even be declined for a policy that may have been approved at a lower price with a different company.What is the difference between an independent agent and a captive agent?
AN independent agent is able to sell insurance for a variety of carriers. This offers clients more choices in carriers and pricing. A captive agent can only for one carrier.Have a Life Insurance Question of Your Own?
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