The internet provides individuals with an excellent way of comparing life insurance rates and coverages. First, you need to determine the type of life insurance that you need. In general there are two types of policies, term life which provides a fixed payout and does not accrue value. The second type is whole life which has a higher monthly premium and accumulates value during the life of the policy. Whole life policies are considered an asset similar to a bank account or mutual fund.
There are dozens of major life insurance companies all competing for your business. Some of these companies include, Transamerica, AIG, HSBC, Metlife, Genworth Financial and Fidelity Life. Because of the recent failure of some financial institutions it is critical to go with an establish company. There are government guarantees which protect your policy but you don’t need to worry about your insurance company failing.
There are useful comparison tools online that I would recommend using before you choose the company to go with. Efinancial provides a quick comparison tool for evaluating 4 or 5 major insurers. You can find their comparison tool here Compare Life Insurance Quotes
In addition, you could try our comparison tool at save364.com. We have been able to help people save hundreds of dollars on all types of insurance including auto, health, life and property.
By shopping and comparing online you are most likely to save substantially on your most important expenses. You will also receive a education on the products that will affect you financial security.
SelectQuote Worst Life Insurance Commercial Ever!
If you’re like me, you like to get your financial news from CNBC every morning. Apparently, that puts us in the demographic group for people needing life insurance. I am not exactly sure why, but I believe that at least a dozen times a day I am told by SelectQuote why “Ned” needs life insurance. I guess I don’t really care if Ned gets life insurance or not. What bothers me, is that really annoying deep voice in the background telling me all about Ned’s life. Ned has a brother-in-law that died, Ted is 41, Ned is ugly, Ned looks like he just got out of the pub and is still drunk, Ned’s kid doesn’t look anything like Ted, Hmm!
Now that Ned has life insurance how do we know that his family is not secretly plotting to kill him? Probably not, they can wait a few years until Ned’s liver gives out.
Does SelectQuote really believe they can sell life insurance by insulting the intelligence of the CNBC viewers. Sure, we lost all of our money in the stock market, but that doesn’t mean we need to pick the phone and call “SelectQuote” today! I believe SelectQuote is targeting the wrong demographic group. People in the financial industry that have lost all their money will have a much higher death rate. That means SelectQuote will have a much higher payout. That’s bad for business.
Well, I for one have decided that until SelectQuote gets a new narrator and replaces Ted with a really pretty blonde from one of my favorite beer commercials, that I am not buying life insurance from them.