Morbid topics are not always included in friendly discussions. Funeral planning and final expenses are rarely thought about, unless there was a recent loss of a friend or member of the family. Reaching out to speak with a life insurance agent can feel overwhelming. Here are a few tips on how to choose a good agent.
Good insurance agents often have numerous ties to the community. They seem to know everyone in the local neighborhood. It is common for agents to talk to dozens of people each week regarding obtaining insurance. Life insurance is not on the priority list when things are going well. Friendly agents will answer questions without being pushy. Life insurance agents understand the sensitive nature of their business and usually choose to work with their clients when they are ready.
Schedule an Appointment
Expect the life insurance agent to ask personal questions during the time spent together. They are required to request specific health and lifestyle questions to give accurate information to the insurance company. This information is usually in questionnaire form. The records may include current weight, prescription medications, and information on physicians that have been recently visited.
Do You Need Additional Coverage?
Before the meeting starts, always gather all life insurance policies. It is common for new insurance clients not to know how much or what type of coverage they have. Term policies purchased with the help of their employer are not long-term solutions. Many people have a mix of term insurance that will pay off their homes or final expenses if they pass unexpectedly during their working years. Whole life insurance policies are more expensive with age and failing health. These policies last after retirement age and until there is a need to cash out the policy.
Agents who are doing their best to ensure financial security through the life insurance policy will ask questions that can seem a bit intrusive. These may be questions regarding mortgage balances, monthly income, number of school aged children, or whom in the household is the primary provider. These answers help to determine which insurance coverages are affordable and hold the most value. One company we have found that really cares for their clients is Blue Country Life Insurance.
Expect the agent to discuss final expenses related to personal wishes. Traditional burials are not always preferred; some people would like to be cremated. Advantages exist with burial or cremation. There may be a few information sheets that the agent leaves that express personal wishes on the type of burial, the cost, physical location, and what is to be included in the memorial service. Deciding these details ahead of time will relieve a great deal of pressure off loved ones.
Good agents might have to get back in touch if there are any problems with the application or clarifications that need to be made prior to the policy being issued. Professional agents will check in with their clients once a year to see if anything has changed. Examples of common changes are to update the beneficiary, remove a spouse in the event of a divorce, or an address change. Use these tips when selecting the best insurance agent in Halifax.