Buying life insurance is a very important undertaking, especially if you have a family. It is even more important than buying any other commodity that is considered to be of utmost importance. Getting the right product is also very important because it has to suit your needs as well as your pocket.
There are at least two ways you can buy life insurance:
- Direct line insurance
- Buying from an agent
By choosing your company of choice, for instance Juniper Life Insurance, you can be guided in the process of buying the most ideal policy for you.
This involves buying directly from the company via the internet. When you buy insurance this way, you are responsible for educating yourself on the various policies available and choosing the one that you find most suitable for you. You will also need to work out how much coverage you need as well as how much it will cost.
Buying from an agent
Working with an agent saves you the time it will take you to search for information online. An agent is a professional who is trained on the various policies and can quickly and efficiently give you a rundown of the policies available as well as evaluate all your options.
Working with an agent may take longer, but agents are the link between you and your company of choice. They will:
- Collect the information you require on your behalf
- Prepare your application
- Deliver the application to you for signing and perusal and take you through the document to understand it better
- Deliver the application documents on your behalf
- Ensure that your policy document gets to you
Pros of buying via an agent
Apart from enjoying the aforementioned, there are other advantages you enjoy working with an agent:
An agent can source policies from different companies and help you compare so that you can buy the most appropriate product for you.
An agent will ensure that you get exactly what you need. They will make sure that you do not pay for a policy that is irrelevant to you. They will constantly remind you of your goals and sure that the plan you choose will meet them.
An agent will usually have access to a number of companies and has information about which companies specialize in which products. They know which company best handles certain policies. Should you be too big a risk to insurance companies, an agent will be in a position to get you a policy that you may not be able to find online.
An agent will make sure that you do not give answers on the application document that will affect any future claims negatively. They will also ensure that the application is complete.
You will need to follow up with the insurance company if you have made a claim. Your agent handles your claims personally. If you bought your policy online, you will be dealing with a call centre that handles hundreds of claims on a daily basis. They may take a long time to get to yours.
You can opt to buy it online by choosing Juniper Life Insurance for instance, or you might go for an agent. But ultimately, what you need is a life insurance policy that will work for you with regard to your financial goals and your budget.