This can seem like a lot of legwork but, you can always work with a financial security advisor who can do all of this shopping around for you. Typically, they don’t charge for doing this for you. They make a commission off of your policy.
So, the next thing to watch out for is ‘underwriting leniency.’ No matter which insurance company you buy your insurance policy from, they all have their underwriters who are the ones who actually pay your claims. You want an underwriter who has been in the market for decades and has a good claim fulfilment rate.
You could be making a huge financial mistake if you buy a policy from a company that does not treat your particular health or personal activities fairly. Companies range widely on how they price out risks like diabetes, smoking, travel outside North America, or your family’s medical history.
It is advised to speak to a knowledgeable independent agent like myself who can ‘shop’ various companies to find the best rates for your particular situation. If you don’t, you risk overpaying for a life insurance policy – or not being accepted altogether.