There are some companies that only sell term life insurance, but they are the exception rather than the rule. Term life insurance companies are typically only companies that offer term purchases and invest the difference. Most life insurance companies sell permanent and temporary life insurance. There are some life insurance companies that have affiliates that sell supplemental policies to support their wide range of life insurance products. Buying term insurance is relatively easy, but the number of life insurance companies that sell term insurance is staggering. There are a number of things to consider when choosing a life insurance company. How do you want to get fixed? This is an important question to answer because it will help determine what type of life insurance company is best for you.
For ongoing professional advice, you should contact the insurance companies that distribute their products through agents. There are a growing number of people who prefer to do it all over the Internet or over the phone with customer service representatives. There are also insurance companies that operate this way. Once you’ve determined your preference, you can narrow down the insurance companies that suit your needs. This type of assessment will save you a lot of time when you enter a fairly large insurance market.
The next step is to ask yourself why you are buying life insurance. This will give you a better idea of the type of policy to look for when obtaining quotes. Debt coverage is generally best protected with term insurance. You may want to look for companies with large futures portfolios. There are many reputable insurance companies and they are highly regulated by your state’s insurance commissioner. There is a rating agency called AM Best that assigns a score to each insurance company based on its financial strength. You can find this book in most libraries.