Reader’s Question:
I have verified the financial stability and the company profile of the life insurance company here in Lexington, Kentucky that I’m currently interested with. I liked their life insurance product and I’m planning to get instant life insurance from their site. Are there other things that I should consider before applying with the company? Would there be anything I shouldn’t be missing if I buy my life insurance online?
Juliet
Lexington-Fayette, KY
Hello Juliet.
You have a good start; investigating the background of the company before buying instant life insurance. Indeed, it pays to know who you’re dealing with when getting instant life insurance.
If you are truly interested in their instant life insurance products and have proven their financial solidity, it also pays to check if the company is licensed in Kentucky. Once the company is licensed in your state, you can get assistance from the state insurance department should you have problems with your instant life insurance from that company. It’s good to have back-up support from the government if things go wrong.
Another thing, check how they deal with claims. You may have the best product and the most stable company in Lexington, Kentucky for your instant life insurance. But when it comes to claims, you have lots of problem. Remember claims for instant life insurance are the ultimate test of efficiency of the product and service of the company. If the insurance company is licensed, you can check on the insurance department’s database for problems on claims. You can also check on other complaints that the company received through the state department. Check for relevant problems. Then you will be able to evaluate if it’s worth getting instant life insurance from such company.