Getting insurance cover for your life is one of the most practical things to do; it takes care of the security of those who are left behind once the insured passes on. But at the same time, it is not an easy thing to do as there are many factors to take into consideration. Among them being finances and health, deciding on the kind of policy to opt for or finding a suitable insurance company. These are decisions that have to be taken carefully.
Take advantage of the Internet and do some basic groundwork. This should throw some clarity on what to look for and will make things easier for you.
You will need someone whose goal is to find a policy that is tailored to your needs in terms of family obligations, finances, health and personal circumstances.
This is what you will need to keep in mind:
• Depending on your need, find a person who either works for one company or for many so that you have varied options.
• Talking to family or friends who have taken policies, getting them to recommend someone they may have found suitable, or if you have a professional advisor who is familiar with your situation, he/she could recommend a trusted company.
• Apart from having a valid license, the company representative should have good people skills. Being able to listen and understand the requirement before offering the right options.
• Having good technical and general knowledge is very important. Being aware of the tax, the legal aspects and the benefits offered by each policy is a mandatory.
• He/she should be able to explain all the details simply and clearly – the advantages and disadvantages of each policy.
• Should have the patience to listen to and understand questions and to answer them clearly and honestly.
• His/her motivation should not be commission based. Do not be pressured into closing a deal that you are not comfortable with.
By this time, you and the representative of the company will have established a comfortable rapport, and really, should be more a friend by now! He/she should be available to review the details of the policy and the beneficiary designations as often as is required. There has to be the comfort of accessibility. This is, after all, probably one of the most important decisions you will ever take in your life. Do spend time over it, and only when you are sure, take that step in the right direction.