Mail Order Or Through The Internet
Some insurance companies solicit
through the mail or through the internet
to the prospective buyer who mails a completed application
directly to the company. These types of insurance may cost
less because you receive little or no personal assistance,
but they may also cost more because of the expenses of mass
mailings. Also internet advertising may not provide what you
really need. Before you buy by mail or through the internet
consult an expert who can help you determine the best policy
for you.
Finding A Good Buy
Guarantees
Determine the guarantees on
premiums, death benefits, expenses, cash value, mortality
changes and cost of insurance. Get these guarantees in writing.
Sales Illustrations
It is likely that an agent will
show you one or more life insurance sales illustrations. An
illustration consists of a series of numbers indicating how
the policy works. The illustration usually shows the guaranteed
results under the policy for each year in the future, and
the results if all the non-guaranteed items continue unchanged
at their present level. This will probably not happen - actual
results may be better or worse than the non-guaranteed amounts
shown in the illustration (but not worse than those that are
guaranteed).
Using Indexes
Your chances of finding a good
buy are better if you use the index numbers that have
been developed to aid you in shopping for life insurance.
The Buyer’s Guide that each insured is required to provide
a purchaser explains these index numbers in detail. They are
good tools to help you compare the merits of similar policies.
Life Insurance 1
Life Insurance 2
Life Insurance 3
Life Insurance 4
Life Insurance 5
Life Insurance 6
Life Insurance 7
Life Insurance 8
