Life Insurance Agent | Top Life Insurance Companies

Getting at the truth
But how do you find out who is really reputable? No agent is going to tell you that his company takes several months to pay off. He couldn't keep his job very long if he did. You can begin by asking your friends who they have; also, talk to a funeral director and find out which companies pay with the least hassle.
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Now, be aware that a funeral director has the license to sell you a "pre-needs" insurance which is simply a life insurance policy for which you pay the premium while the funeral home receives the benefit. However, if you are direct with your questions and clearly indicate that you want to know which insurance companies have been the easiest to work with and the most dependable, the funeral director should be willing to tell you.

A third opinion
An unbiased report on any company can be obtained from any of the five top insurance rating companies.

Ratings furnished by a third party company are on the financial strength of the company itself. It is not a comment on the quality of the product. Even if you choose a company with a lower rating—in hopes of a lower premium—you do not have to worry about the company being unable to pay due to bankruptcy or other financial problems. By law, any insurance company must pay into a company called the "Guarantee Association." This organization protects you—the client—and insures that in the event of financial problems, other companies would buy up the book of business and would pay off on any policies sold by that company. Furthermore, in a free-enterprise economy, major companies do merge with others, and sometimes get bought up by other companies even when—(often because) they are financially solid. Purchasing a solid company can improve the ratings for both the purchaser and the purchased. The most reliable indicators of strength are the total assets, the outstanding debt ratio, and the overall size of the company.

The choice of a lifetime