Price! Obviously we know this is a major factor for all consumers. However, there is a lot more to shopping prices than most people realize. When people ask the question, "how much does it cost?" they assume the price is the same for everyone, this assumption is far from the truth. Yet, when you listen to the radio you will hear things like, “a 35-year-old male can qualify for $250,000 worth of life insurance for as little as.…”
Unfortunately, this information is really meaningless because it neglects to tell you all of the things that you will have to go through to qualify for the coverage at that price. The better the rates, the tougher it is to qualify for them.
As an example: What is your credit history like? What is your driving record like? Tell me about your family history, your lifestyle and lastly, ALL about your medical history past and present. Yes, the insurance companies will check on all of this. Most consumers do not understand this. In addition, their agents or financial advisors rarely educate them in the facts about this.
Internet insurance agencies try to capitalize on this lack of knowledge. Insurance agencies doing a majority of their business on the internet would have you believe that you can answer a few questions and get a firm quote. This is a game that is played to appeal to consumers shopping online.
Well meaning consumers will surf the internet looking for websites offering low-cost life insurance. Upon reaching these generic websites consumers are often asked to answer a few basic questions and then are given an instant quote. These consumers will then go from website-to-website comparing rates believing they are finding the best value.
If you really knew how the life insurance process worked, you’d quickly realize just how ridiculous this is. The lowest quote means absolutely nothing, it is just a quote!
No bait-and-switch tactics at Harvest Insurance Agency, we offer an honest opinion and do our absolute best to provide you with a realistic indication of your premiums.
As insurance brokers, Harvest Insurance Agency is completely independent. This means we can represent practically any and all of the insurance companies we choose to; our carriers offer some of the most competitive rates available!
Here’s a Real Life scenario that a lot of online shopper’s encounter:
You’ve decided to purchase the lowest offer available online – After two months of waiting and jumping through hoops, your policy finally arrives in the mail!
The problem is…surprise!
It’s been issued at a higher premium than what you were originally quoted? What’s going on? I didn’t agree to this!
Now as frustrating as this can be, remember it was just a quote. This is why getting the lowest offer without looking at rating classification guidelines is completely meaningless. The insurance companies always use your application and health profile to determine your true rating classification, or in other words, the actual premium you will be charged.
If you’re like most people, rather than going through the entire process again, you’ll end up taking what’s being offered. In a nutshell, that’s the game!
Keep in mind; more than 90% of the population will not qualify for the top rated health classification that’s being offered by most life insurance companies. Being healthy is only one part of the equation.
So when it comes to shopping rates you really have to know what you are doing. At Harvest Insurance Agency, we do this for you!
We represent many top rated insurance companies that will offer some of the most competitive rates available for your particular situation. This is why we ask so many questions. We are trying to provide you with a realistic idea of your actual premiums before you take the time to complete an application.
We’d love to present you with a free, honest, and no obligation indication.
Call Harvest Insurance Agency today! (805) 496-9646