When we are talking to clients the goal is to establish the appropriate amount of coverage first and foremost. Often time, our clients will know the amount that they want to buy and if not we take them through the analysis. Many of our clients are looking for affordable term life insurance and interested in shopping the market. We are an independent broker, so we are not beholden to any carrier and we shop the market for them. This is a huge benefit to the client, so they can capitalize on the best carriers and the best rates on the market.
With term rates at all time lows, it is possible to get coverage at very minimal costs depending on age and health. With that being said, we know which carriers will probably bear the best rates based on age and health. Just selecting the carrier with the best rate in the quote engine can sometimes be a mistake. For example, they may show as the best rate, but you may not be able to qualify for it. Conversely, the company that shows up as the third best rate, may underwrite your case better and give you a more affordable premium.
Other ways to make premiums more affordable are shortening the term length. For example, rather than a 20 year term, we might look at a 15 year term. Obviously, it is important to get coverage that will last as long as you need it. We know all the different options and nuances to help consult you to find the right carrier for you.