Life insurance companies sell long term insurance products like annuities,
life insurance and retirement policies. Life insurance companies are sometimes classified
as investment companies rather than insurers.
When selecting life insurance companies there are several things you should keep
Most companies offer a variety of products with unique features. It is important
to select a company with products that suit your unique needs.
Companies with a strong identity and history tend to be more dependable.
Life insurance and investments are typically long term in nature. It is therefore
vital that the life insurance
company be financially
stable and highly likely to still be around many years down the line.
Advice and Service
The actions and attitudes of representatives and employees of a company say a lot
about the way it does business. Knowledgeable and attentive staff is always a good
indicator of a company’s strength.
Some life insurance companies offer cheaper products but do not pay out claims as
often as their competitors. Others have complicated and lengthy claims procedures
that take a very long time. Before selecting a company, ask about their claims history
and checkout consumer feedback on sites like HelloPeter.