Pete has a health thread running which inspired me to start this one.
I am shopping for new term life.
Plugged info into the webins site to get quotes and Voila! No quotes online!???!!
They farmed my basic info and phone # out to every agent in sight so the phone atarted ingoing before I was off the website.
Long story short, I am down to negotiating with agents from Prudential and Mutual of Omaha, both long history good companies AFAIK with similar rates. Figure I would call State Farm too, since I have car and house with them.
Any recommendations or comments?
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AARP? :-)
John
Shirley ewe jest!not a bad idea. I'll have to go roust thru the circular file.I called State farm and they were about 45% higher than the other two on the same amount.
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What sort of associations do you belong to?
Credit union?
K of C?
Alumni association?
Group employer association?
Builder's association?
The point being, the agents doing the moving of these policies like to reach out to as many as possible each time they do a marketing blitz. Associations are a good way to leverage his exposure. And accordingly, there's some form of discount factored into the rates.
Check with your broker, too. And banker. They've all become thieves in this market. I mean "forms of distribution."
AARP was a serious jaw-dropper!Twice as expensive for only a fifth as much coverage as I was seeking.Just for giggles, think I will go straight to the NY Life site and see what the diff is there to guess at what kind of kickback those guys are getting.
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I would check out TIAA-CREF. You can get a quote online.
Multiple quotes from these sites. From what I've read, internet prices beat those from an agent.
http://www.SelectQuote.com
http://www.IntelliQuote.com
http://www.ReliaQuote.com
http://www.MatrixDirect.com
Remember to buy insurance from only top rated companies, which means they have gotten a A++ or an A+ on the http://www.ambest.com/ Web site.
Maybe you missed what I said in the OP. It was one of those that you linked that I first used, fully expecting to be able to see prices online as advertised, then make decisions what to pursue.Instead, I got a slew of phone calls from agents for three days, some local and some as far away as the PNW.So for me, that was a very aggravating process.
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It's funny, I just bought some term life.
They don't like to sell to me, I guess, cause I only buy 20000 worth. Can't tempt the wife in getting rid of me.
This is just enough to bury me and for her to take a vacation!
Sorry, I'd expect email quotes from these sites also, not annoying phone calls. Term is much cheaper than it was 20 yrs ago, rates rise w age, maybe the net $$ is reasonable.
I would not expect a firm quote, but at least a range for comparison, esp since that is what they claim to offer.In looking at quality of companies, I found that ING has some of the lowest costs and highest cust satisfaction ratings, so I contacted their site directly. Like NYLife, they want an agent to see me before talking numbers. Maybe it's my age group, or the state I live in....dunno.I looked at the CERF somebody mentioned. Their rates for plain term was outrageous! on the same coverage that I am finding for under $110, they quote $488 up to $890, depending on which category they p[lug me into.
State farm was 148 for the same for me.
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Anyone but the Hartford Company. Of the half dozen insurance companies and the half dozen other institutions I dealt with during my wife's estate issues they were the only ones that were a pain and uncommunicative. Over $1000 policy the bank gives you on a checking account.
All the others were paid and completed when the adjuster from the Hartford wrote and said he couldn't get information from the police in Colorado etc. etc. and wanted me to do it. I wrote and left a voice mail explaining how my day was spent and asking if he could stop in a do my job for a half a day I would gladly do his. Got a check in 10 days after that. Aggravating to say the least. DanT
USAA - have nothing to say but good things about them
just notified my latest 10 yr term is up so I'll be looking again soon
One of the agents I talked to did mention he also deals with USAA, but he t6hought that from experience, I would end up with the better deal from Mutual of Omaha given my health history.
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My only input would be not to mix your life insurane with a savings plan.
Absolutely. I think I mentioned TERM Life originally.Mostly what I was looking for if anyone had experiences good or bad or recs on those two specific companies, Mut of Omaha or Prudential. Am heading to the AMBest comparison site.My 20 year term is expiring and that company pizzed me off so I am moving forward.
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well, dont know if I can recomend them or not. They've only collected so far and not paid off :) Liberty somethin or other, got it through my allstate agent when i got my course of construction coverage. Just dont tell your wife about it. Mine kept telin me blade gaurds are for wimps and only weak men secure their ladders. I think that she has alot of confidece in my abilities.
You might check out Zander insurance group, I listen to Dave Ramsey a lot when I'm traveling down the highway and he endorses them quite highly. If I were shopping for some I would check them out.
No ties or any thing just remember "Term Life Ins" he talks about and that's the type to have.
http://www.zanderins.com/term/termlife.aspx
i usually add a term policy every few years.. banks than lend me over 1mil want me to buy them one naming them... which is cool just means it pays off my loan and my wife gets the asset free and clear... I buy them usually through my regular broker and he's never more than a couple perent higher then the internet quote i get...
BTW the internet quotes or any quote you get usually means zip... until they come do the blood work and see that you are walk'n talk'n and breath'n seems they always bump me up one rating for some reason...
insurance is cheap i have young kids and it's rare in any given day i don't do something that has the off chance of killing me... it's the only way to know you are alive... testing fate... but if you do... have insurance
p
Edited 5/3/2009 10:37 am ET by ponytl
On that last point, I be wanting double indemnity accident included, because odds are that if I die before this term is up, it will be from an accident.
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