6 Questions to Ask Your Agent When Getting Life Insurance Quotes

Uncover the secrets to choosing the right life insurance policy with 6 essential questions. Maximize benefits and secure your financial future. Discover who represents you, ensure long-term goals are met, understand policy benefits, determine coverage needs, find a policy that suits you, and ensure easy communication.

UPDATED: May 28, 2023

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: May 28, 2023Fact Checked

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Heidi Mertlich

Licensed Insurance Agent

Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...

Licensed Insurance Agent

Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

Insurance Claims Support & Sr. Adjuster

UPDATED: May 28, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

UPDATED: May 28, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: May 28, 2023Fact Checked

Are you in the process of getting life insurance quotes and want to make sure you’re making the right decisions? Understanding the ins and outs of life insurance policies can be complex, but asking the right questions can make all the difference. In this comprehensive guide, we’ll explore the six crucial questions you should ask your agent when getting life insurance quotes.

From determining who represents you to assessing long-term goals, understanding policy benefits, coverage needs, policy suitability, and communication channels, we’ve got you covered. Empower yourself with the knowledge to make informed choices about your life insurance coverage. Enter your zip code now to compare rates from the best insurance providers and secure the protection your loved ones deserve.

  1. Who Do You Represent? Some agents work for only a single insurance company, and others work for brokers that represent several different companies. It is important to know what companies you may be dealing with, and some information about them. You will want to know about each company’s financial rating with companies such as A.M. Best or Standard & Poor’s, how long the company has been selling insurance, and any recent financial or legal problems the company may have been experiencing.
  2. How Can You Help Me Meet My Long-Term Goals? Your agent can help you decide between term and whole life insurance policies, and tailor the policy you buy so that it will better assist your family, whether you are making a strategy to put your children through college or planning to leave an inheritance behind after you pass away.
  3. What are the Benefits of Choosing this Policy Over Another One?Value is important, so find out how the agent’s company differs from others. Lower premiums are one way to make a better offer, or decreasing premiums that are lower over time. Does this policy offer you a higher amount of coverage at the same price as a policy of a lower value from another company?
  4. How Much Coverage Do I Need? It is important to buy enough coverage, but buying more life insurance than you need is a waste of your money. An insurance agent can help you choose a policy and value that meets your life goals. Make sure that you are purchasing enough life insurance, but avoid agents who try to “sell you the farm,” so to speak.
  5. How Can I Make this Policy Work for Me? A whole life insurance policy accrues cash value that you can borrow against if needed. Some policies can even use the cash value to pay your premiums if you are not able to make them, effectively paying for itself after a few years. Find out how your premiums are going to be invested, and whether you have the option of choosing specific stocks or mutual funds to invest in, which can help you get even more value out of the policy.
  6. Who Should I Call if There is a Problem? If you have questions about you policy or you encounter a problem, it is important to know the process to get your situation resolved. In some cases, your insurance agent is your point of contact, but most of the time you will have to call a service center. Make sure you know who to call when you need them.

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Frequently Asked Questions

What type of life insurance policy should I consider?

There are two main types of life insurance policies – term life and permanent life insurance. Term life insurance provides coverage for a specific period of time, while permanent life insurance provides coverage for your entire life. Your insurance agent can help you determine which type of policy is best for you based on your specific needs and budget.

How much life insurance coverage do I need?

The amount of life insurance coverage you need depends on a variety of factors, including your income, debts, and the needs of your dependents. Your insurance agent can help you calculate your insurance needs and recommend an appropriate coverage amount.

What is the difference between a beneficiary and a contingent beneficiary?

A beneficiary is the person or entity designated to receive the death benefit if the policyholder dies. A contingent beneficiary is the person or entity designated to receive the death benefit if the primary beneficiary dies before the policyholder.

Can I change my beneficiary after I purchase a life insurance policy?

Yes, you can typically change your beneficiary at any time by contacting your insurance company and completing the necessary forms.

What happens if I miss a premium payment?

If you miss a premium payment, your policy may lapse and you may lose coverage. However, many insurance companies offer grace periods that give you some time to make the payment before the policy lapses.

Can my life insurance policy be used to pay for my funeral expenses?

Yes, your life insurance policy can be used to pay for your funeral expenses, as well as other end-of-life expenses. Your beneficiary can use the death benefit to cover these costs.

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Heidi Mertlich

Licensed Insurance Agent

Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...

Licensed Insurance Agent

Kalyn Johnson

Insurance Claims Support & Sr. Adjuster

Kalyn grew up in an insurance family with a grandfather, aunt, and uncle leading successful careers as insurance agents. She soon found she has similar interests and followed in their footsteps. After spending about ten years working in the insurance industry as both an appraiser dispatcher and a senior property claims adjuster, she decided to combine her years of insurance experience with another...

Insurance Claims Support & Sr. Adjuster

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

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