For many people, their first experience with life insurance is when a friend or acquaintance gets an insurance license. In my case, a college friend, recently hired by a major insurance company, contacted me (along with all of his other friends) to buy a $10,000 policy underwritten by his company.
Insurance companies in the United States range from industry giants with tens of millions of policies in force to small companies that sell only a few hundred policies each year. So once you’ve made the decision to purchase a policy, how do you know if the company you choose is the right one. Here are some tips to guide you through the process:
There are various types of insurance so it is easy to confuse one for the other. There is life insurance and non-life insurance and each category has its variants like term and endowment in the former and health insurance, among others, in the latter. What is the purpose of life … [Read More...]