With so many companies offering life insurance, and so many agents around, selecting the most appropriate one is not an easy task. The first question that needs to be answered is, how do you know what you actually need and what you don’t, from a life insurance policy.
Don’t be at the mercy of the insurance companies, do a little homework, find out how they work and why that over-sized, suit-wearing agent acts as if he is your best friend alive.
Finding a life insurance agent is no big deal. But finding a genuine, trustworthy agent is really hard, if not nearly impossible. In reality, it’s not you, but he who will find you, and won’t leave until you get down with him to listen to the policy. He will tactfully show you the figures that your family will receive in case of your sudden death.
Trapping your vulnerable mood, he will quickly show you, how the particular policy will help your family maintain the same status of living, if you were to die. The 5 or 6 digit ‘end-of-term’ amount may even lure you for that moment. But wait, do not give in and say yes immediately. Out of personal experience, I can recommend that you take 24 hr for contemplating. One day will be enough for you to gather your perspective back, and think correctly.
I’m not saying that you should not buy insurance, or all the insurance companies and agents use deceitful tricks to make a person buy policies. But think carefully, look at all the aspects, take recommendations from friends, check the company’s website and then decide. Bottom line: Don’t decide in haste!
Let’s take a look at some of the things your life insurance agent WON’T tell you.