Factors Beyond Price When Choosing Life Insurance


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Life Insurance

Beyond cost and policy type, what other factors should you consider when looking for the best life insurance?

When exploring options for the best life insurance policy, beyond considering cost and policy type, what additional factors should I take into account to ensure I make the most informed and beneficial decision for my personal and financial circumstances?

Nov 18, 2024 | David Mitchell, Philadelphia, Pennsylvania
Answer
Mark Fitzpatrick
Head of Insurance, MoneyGeekUpdated December 17, 2024

Consumers should consider the rating of the company (though usually life insurance companies don’t default, and there is some protection from the state) and try to find a good agent who will help educate the consumer on what to buy. The insurance company sets prices, so most agents can’t change pricing, but they can help get the best riders or medical ratings by guiding the consumer correctly.

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