Life insurance is a considered purchase. Don’t buy by price alone.
“Searching for life insurance can be a difficult task if you don’t know what you are looking for. Life insurance policies are extremely varied and you really need to speak to a qualified life insurance agent in order to get the real scoop on the various policies. Online research is good, but it doesn’t always tell you what you need to know or how it does or does not fit your particular needs,” said Evan Tunis of Florida Health Care Insurance, of Delray Beach, Florida.
One of the best ways to do a search for affordable life insurance is to keep track of all the places checked out. “Make sure you have a list of the company names and the type of insurance you were looking at. This minimizes confusion later when you want to digest what you’ve seen and read. Make sure you also ask for quotes for the same type of policy. If you don’t you’ll be totally confused later,” Tunis said.
When the quotes start coming back from the companies, it’s best to take some time to read them closely. While many people don’t like to read the fine print and just go for the bottom line, as in how much it costs, this may cause problems later if the policy purchased is not one that the person wanted or even suits them. This is why it is critical for the person wanting the life insurance to know what the policy says.
“One other thing you may wish to check on is whether or not there is further underwriting involved so that the company can give you a more accurate quote. That means that the quote you did get was an average and may not reflect the price you would pay once the company knows your complete health history, etc.,” Tunis said.
It’s important to look at the terms and conditions of policies being considered because failing that, it’s a bit like comparing apples and oranges. If you spot differences in the quotes, the reason for that often has to do with differing terms and conditions.
“I can’t emphasize this enough, when it comes to an important product like life insurance, you need to know what you are getting and need to know that it meets your needs. Buying based on price alone is risky because you may not get what you wanted. Call me, I am here to answer your questions and would be happy to explain the various policies to you,” Tunis said.
To learn more about Florida health insurance, visit http://www.floridahealthcareinsurance.com/.