How Do I Pick a Life Insurance Company?

How Do I Pick a Life Insurance Company?

Roughly 1,000 life insurance companies sell life insurance in the U.S., but many are members of groups of companies and so aren’t really competitors with each other. Having separate companies enables a group to offer its products through separate distribution channels, to more efficiently meet the regulatory requirements of particular states, or to achieve other organizational goals. There are an estimated three hundred company groups. Moreover, not every group has a company licensed to operate…

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How to Interpret Life Insurance Table Ratings

How to Interpret Life Insurance Table Ratings

Everyone who applies for life insurance is assessed for coverage. Insurance companies provide coverage and premium rates in accordance with an applicant’s risk level. This means that insurance companies will typically place applicants in categories relative to their risk, which involves their health and lifestyle choices. For example, smoking is considered a health risk and will have an impact on which category an applicant will be assigned. Sometimes a person, due to health issues or…

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