WHY WOULD I BUY LIFE INSURANCE OVER THE TELEPHONE?
Buying life insurance will never be exciting; however, it is becoming much easier and more
Hot Topics
- Is the price I get quoted for life insurance the price I get charged?
- We are afraid the answer is “it depends” upon many factors.
- What is Life Insurance?
- Life Insurance (with terminal cover included) is a form of insurance that pays out a lump sum if you die or fall terminally ill during the period covered by the policy.
- Will my medical history affect my life insurance premium?
- Yes it will. When an Life company decides how much to charge you, it works out the statistical chances of you dieing within the term of the proposed policy
- The Financial Services Authority
- Who is the Financial Services Authority? (FSA)........
convenient now that many companies are willing to allow their lowest cost products to be sold over the telephone. As a consumer you have the opportunity to deal with a real, and normally knowledgeable, representative who can provide you rates and information within minutes.
There is no longer the need to have an agent come to your home and spend hours trying to sell you something that won't fit into ( personal loans ) your budget. If you choose an agency that uses software designed to compare most the products available in your state, you will combine convenience with the lowest possible rate you are eligible for.
Yes, if you use common sense.
Applying for life insurance requires you to provide sensitive and personal information to the insurance company that will issue your policy. Use common sense in deciding with whom you share your Social Security Number, Date of Birth, and Driver's License Number with.
Here are some indicators that you are dealing with professionals:
. Have the people you have spoken with acted in a knowledgeable and professional manner?
. Have they asked you about your medical and personal habits history before they quoted you a rate?
. Have they clearly explained the application process and the procedures you must follow to obtain a policy at or near the rate you were quoted?
. Have they clearly explained that your policy may not pay a claim if ( life insurance quotes ) you do not provide accurate answers on the application?