Term Life Insurance Q&A
- Why should I choose BeyondQuotes?
- Which companies do we represent?
- Is BeyondQuotes licensed where I live?
- Is my information confidential?
- Do you only offer rate quotes?
- How do we choose which companies to represent?
- How much Term Life Insurance do I need?
- What are "level" policies?
- What should be the term length?
- Is it worth insuring my spouse on my policy?
- Can you explain the difference between Term and Whole Life plans?
- I suffer form a pre-existing condition. Can I still be insured?
Applying for a Policy
- How do I apply for Term Life Insurance?
- How do I find the best value plan for my needs?
- What is the waiting period between applying and coverage?
Life Insurance Choices
American Life Insurance Choices
The choices for American life insurance are many and complex. In our country the sheer number of different policies available are mind boggling and can make it very difficult to find the right life insurance policy for your unique situation. American life insurance offers more options than any other country in the world. While this is a great thing for our country it does complicate the life insurance choices available.
The life insurance is more than competitive today then it has ever been. One of the results of this competition is that life insurance companies are constantly trying to find more choices for the consumer to gain a better market share of the entire life insurance industry.
American life insurance coverage is one of the great advantages we have living in a free society. With our free market economy, companies are able to compete with each other, which benefit the citizens of this country by offering us many more choices and lower prices for American life insurance. With some foreign countries, their citizens have little, and in some case no life insurance at all to help protect their heirs.
With American life insurance it is important to know and understand the many products available in today's market. Each individual and couple has unique needs and available financial resources. There are several ways available to the consumer to help them find the most beneficial life insurance at their disposal. They are yourself, your family, reputable life insurance professionals, and the internet, if you are careful and wary of its pitfalls.
The best resource available is yourself. Nobody can take care of you like you can. To educate yourself before consulting a professional life insurance agent, it is wise to do your own research. Not only will it be easier to understand the terms your life insurance agent will use, it will also give you peace of mine, and maybe a little pride.
Another resource that should be tapped is your family. While it may be an awkward conversation, your heirs will be able to first help you with the huge amount of information you have to disseminate, but also to tell you what their needs will be after your death. With the exception of yourself, your family can be your most important source of support and information. More than anyone else they are the ones who have your best interests at heart.
Another one of the advantages of American life insurance is that we have at our fingertips the newest and most comprehensive resource of information in the history of man. The internet is literally teeming with helpful information. There are thousands of websites on the World Wide Web that can give you all the information you need to make an intelligent and appropriate decision for your life insurance needs. The internet is however, a very dangerous place. Along with the many reputable websites, there are also many that are not reputable and will fleece you out of your hard earned money without blinking an eye. Remember to use the information as a tool to help you research you life insurance options, not as a place to find a deal. The American life insurance industry in very complex, and while the internet is an excellent source, it does not replace the old fashioned concept of sitting down and talking to a professional to explore your options. When searching the internet it is important and wise to stick to those websites that are not affiliated with any one insurance company. Find those sites offer information without any obligation. Any website that ends in .gov is a safe place to find information.
With the freedom we possess as Americans, comes the need to be wary of those who take advantage of our freedom. Con artists are ever present, and with the internet, the possibilities are endless for these sharks. It is one of the prices we pay when living in a free society.
The American life insurance industry is teeming with opportunities for the smart, informed consumer. If you do your research and consulted with as many experts as possible, you should have all the knowledge you need to make an informed choice for your life insurance needs.