INSURANCE SOLUTIONS BY TELEPHONE


Randy Taylor
(915) 601-5270
License # 0643596 , Over 4,000 clients served since 1983

Why and How to Shop With an Insurance Broker for Life Insurance 

Problem:  There are over 1800 insurance companies and as many as 8,000 possible products to 

               Choose From; just with Life insurance alone.  Annuity Savings accts also number in the Thousands.

Solution:  Call an experienced insurance broker or  financial planner that has specific experience in researching 

               all companies available and matching the products up with your health history and goals.

               A specialist with experience can use sophisticated software filters and search engines resulting in a

               a long term solution that cannot be matched by a "sales agent" that only represents 1 company.

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               You should give the following information to your broker:

               > Any daily routine prescriptions that you take and how long you have taken them without a change.

               > Disclose if anyone in your immediate family only; has died before age 60 due to cancer or heart

                  disease.

               > Any tobacco use in the last 5 years.

               > Any hazardous sports such as racing, scuba diving, or aviation that you engage in.

               > Any foreign travel with specific plans outside of the U.S. or Canada in the next 2 years.

               > Height vs. weight in light clothing.

               > Any DUI'S in the last 5 years and the # of moiving violations while driving in the last 3 years.

               > Any hospitalizations in the last 10 years and any planned surgeries that have not been completed.

   With the information above an experienced broker can save you up to 50% on your yearly premium by

   by matching your health history up with the best insurance carrier for you. An example would be a healthy

  cigar smoker that smokes less than 48 cigars per year might qualify for the lowest non tobacco rate and save

  as  much as 100% versus a company that would rate him as a smoker..(90% of the companies would !)

How to choose a broker

1.) Ask them if they can send you a spreadsheet on the financial strength ratings of the carriers know as a "Vital Signs Report".

2.) Check their license # on their state insurance website and see if they have any complaints on file.

Google their company name for additional information.

3.) Ask for a rate comparison that includes at  least 10 companies ranked by premium that they recommend.

This can all be done by telephone. Of course you will eventually want a more detailed discussion of your specific

goals including a review of any older policies that may need to be replaced or retained.

This article is meant for discussion purposes only and should not be a substitute for an objective meeting with your financial planner, insurance broker, or tax advisor.

I am available from 8:00 a.m. to 5:00 p.m. Pacific Standard Time.  I currently am only giving estimates free of charge for residents of California, Ohio, and certain counties in Florida.

Randy Taylor, Author Creative Commons Copyright
Follow my blog :www.lifeandannuitysite.com
Website:    http://finsecurity.com/RTaylor
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Life insurance and I.R.A. Account Specialist

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Serving clients and brokers since 1983
(916) 601-5270