A good agent will ask questions to help you select the right coverage.
As mentioned in Step 3, a good agent will have the following discussions with you to make sure you get the best carrier, policy, and rates for your situation.
There are many factors that affect your insurability or health class (and ultimately your rates). They include your current health, health history, family health history, driving record, physical build, age, gender, nicotine use, and participation in hazardous activities. Your agent should discuss all of these circumstances and provide carrier recommendations based on your answers.
A good agent will guide you through the process of calculating the coverage you need, as well as help you understand how your life insurance proceeds should be managed. This will include a brief discussion of your beneficiaries, current assets and liabilities, and how long coverage is needed.
Part of what makes a policy the right one for you is how comfortable you are with it—the ease of monitoring and maintaining it, its affordability, and so forth.
How do you know if you have the right agent?
Ask your agent to walk you through your options:
Why discuss these issues?
Not all life insurance policies or carriers are alike. Understanding your situation will help your agent match you with the best carrier and policy for you. It will also help you get the most affordable rates.
It is an agent’s job to make sure you get the appropriate coverage for your situation. Having these discussions will help them fulfill their responsibility to you.
It will also help them get you the best rates. If your agent resists having these discussions or seems to lack knowledge or experience, it may be worthwhile to seek out