1. To get the best chance of finding the most coverage at the cheapest rate for your particular health, you should look for a qualified Insurance broker. Brokers either work for themselves or they work for a large brokerage firm. The advantages of dealing with Brokers are many. A broker unlike the agent from your Car Insurance Company has access to hundreds if not in some cases thousands of different types of Life Insurance policies.
Your car Insurance agent will only be able to sell you the policies that his particular company has. He is known in the industry as a captive agent. In some cases captive agents can even be fired for trying to sell for other companies.
Where a broker has the freedom to contract with any number of companies he or she wants to sell for. That gives a broker access to hundreds of companies and each company has many different Life Insurance products. Also a broker should have your best interest at heart as he or she would want to keep you as a client for future products they may have to sell you.
2. Some things to look for in a good agent. Longevity! Someone that has made a full time living selling Life Insurance for at least 10 years or more. That would be my preference. If an agent/broker has sold that long and able to make a full time living doing just Life Insurance then that agent knows his business. You can only fool people so long and you would not be able to make a living. So a broker that can prove to you that they have been in the business full time is the one to lean towards.
One way you can check on how long they have been licensed is to contact your local Department of insurance. They have all the licensing records on all agents as well as any complaints or sanctions. I shouldn't have to tell you that if you check and find out they have a complaint even one or sanctions stay clear of that person!
3. Does the broker seem to know your geographical area? A broker that attends church in your city, plays golf at the local golf club, or does volunteer work in your area are all good signs they have grounded their business in the area and want to protect their reputation. Never buy Insurance from some guy that is breezing through town! Only consider doing this if you live so far out in the boonies that you have no choice.
4. Does he seem more concerned about pushing a certain product on you before he has qualified your needs? If so, move on fast! That type of agent is too much in a hurry to make the sale and not looking at what is the best product for you.
If the broker takes the time to ask questions about your life style, your family, your future goals, then that is someone that probably is trying to get to know you well enough to suggest some good plans that will fit you. Also they have to ask you about your health as that is the main component in getting your Life Insurance application approved through underwriting, another signal if the broker knows what they are doing. If they do not ask you any medical questions they do not know how to put you with the right company that will approve you based on your medical issues and life style.
In a case where the agent doesn't know how to choose the right company that will insure and approve you, this can hurt your chances in the future, because if you are declined for a policy it is now in your MIB medical record that other companies will see. This can affect your ability in this case to obtain insurance in the future, and or get a good rate.
5. If you get to the point of deciding to do business with a broker and you start the paperwork, and the broker doesn't seem to know the paperwork very well. RED flag! That doesn't mean this is really bad, it could mean he just took on a newer company to him and he or she is simply not familiar with the paperwork. But be careful on this one.
Life Insurance applications have to be filled out perfectly or the Insurance company will send them back to the client or agent. If the agent/broker tells you to lie about your health, this is Fraud and of course you would not want to deal with someone like this.
In summary you want someone that knows their products, knows how to underwrite your specific medical issues and how it pertains to each companies underwriting requirements.
Lastly if you smoke do not lie to the agent about this or allow the agent to lie on your behalf as this can really back fire on you down the road.
As what can be construed to some as a white lie, can cause a claim to be denied down the road once your dead and have left your family now with no coverage because the policy was not done the right way.
For more information in a great FREE VIDEO about the different types of Life Insurance then here is a must see VIDEO
Jacque Smith has been an Independent Insurance Agent for over 16 years. She has helped thousands of people including Senior's choose the right Insurance plan for them. Whether it be Life Insurance, Health, or Medicare Insurance she has always put the clients needs before her own. Jacque also has done a great deal of voluntary work in the senior community in her city. The experiences and joy of being able to meet new people every day is what has kept Jacque in the Insurance Industry.
If you want to have a qualified broker in your area contact you then go here and I will find the best one for you. http://www.yourinsurancesecrets.com
Remember, knowledge is Power!
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