What is a Life Insurance Agent?
A life insurance agent is a person who has undergone extensive training, received licensing from their state(s) insurance department and is appointed with life insurance companies. This background helps ensure that life insurance agents are not only knowledgeable about products and the companies they represent, but that they are working in your best interests.
Most insurance companies and products require a licensed agent to help you buy a life insurance policy. The role of a life insurance agent is to help answer your questions, and provide recommendations on the appropriate product and policy for you. They should also have a thorough understanding of what types of policies are available, which types would be a good fit for your family, financial situation and coverage needs.
At AIG Direct, our nationally licensed life insurance agents are approved to help you with many different types of life insurance and insurance companies. All of our life insurance agents have taken and passed accredited courses to become licensed, participate in on-going training and take refresher courses on new products, regulations and consumer rights. They are very knowledgeable in the life insurnce products we carry and can help answer any questions you may have about the life insurance buying process.
At AIG Direct, our life insurance agents love their jobs, and are passionate about helping protect families. They work directly with you and the insurance company to help define your family's needs and find a policy that is right for you.
How Should I Choose a Life Insurance Agent?
Buying a life insurance policy can be complicated and confusing. The key to buying the right amount, and the right type of policy at a good rate, is working with a good life insurance agent who:
- Understands - A good life insurance agent should understand your financial situation, as well as your personal situation (i.e.: age, marital status, dependents, etc.). They listen to your needs, ask appropriate questions, and make thoughtful recommendations.
- Explains - Explaining all the details of a life insurance policy, including the options that are available, steps you'll need to take, and requirements of the insurance carrier – in terms you can easily understand
- Provides - Your life insurance agent should give you a personalized recommendation and quote, that fits your current financial and personal situation
- No Pressure - They should not pressure you into a decision, but work with you until you're ready to take the next step
How Do I Find a Life Insurance Agent Near Me?
Not to worry, contact AIG Direct at 800-294-4544 or click here and we'll connect you with one of our professional, knowledgeable and friendly agents. Our agents are nationally licensed and can help you right over the phone. Since 1995, AIG Direct Life Insurance Agents have been helping families find insurance protection that meets their budgets- Let us help you and your family, too.
"A life insurance agent is there to help guide you through the life insurance buying experience. A life agent can help with everything from determining the right coverage and policy type for your financial situation, to guiding your family through the claims process."
Questions You Should Ask Your Life Insurance Agent Before Buying a Life Insurance Policy
- Will my policy's adjust for inflation?
A $500,000 policy may sound like a lot today, but that amount will only be worth about $200,500 in 30 years due to inflation. Some policies automatically adjust for inflation, but for some carriers, there is an extra charge for inflation adjustments. Be sure to ask about inflation adjustment.
- Will my premiums increase as I get older?
For term and whole life policies, the amount of monthly premiums you pay each month are fixed and will not change for the duration of the policy. However, if your policy expires and you choose to either renew the policy or buy a new life insurance policy, your premiums on the new policy will likely be higher than what you have been paying, since you are older than when you bought the first policy.
- Is my policy renewable?
Many life insurance policies allow you to renew at the end of the term without having to re-qualify or submit to a new medical exam. Some renewable policies set a deadline for when you can decide to renew, so be sure to ask at what age you have to re-qualify to avoid missing out on the opportunity.
- Will I have to take a medical exam?
In most cases, the lowest life insurance rates require the policyholder to undergo a simple medical exam. There are policies that do not require a medical exam, but those policies generally are more expensive. If you are in reasonably good health, it makes sense to take a brief medical exam and save money on your monthly premiums.
- What are the exclusions in my policy?
Every life insurance policy includes exclusions, which are instances in which the insurance company would not have to pay death benefits. The reason why is pretty simple: If the policy had to guard against every single possible risk of death, the price for the policy would be sky high. Be sure you understand the exclusions before you sign on the dotted line.
- Am I covered if I become disabled?
Many life insurance policies provide some benefits for policyholders who become disabled. Even if your life insurance policy provides some disability benefits, you may also want to ask your agent about Accidental Death & Dismemberment coverage, which provides lump sum benefits for loss of a limb, sight, hearing, and other disabling injuries.
- Does my policy provide living benefits?
Permanent life insurance policies generally provide some cash-value benefits, but that's not the case with term life. If your whole or universal life insurance policy provides living benefits, be sure you understand the rules for borrowing money against your policy.
- How long does my policy last?
Term life insurance policies provide coverage for specified periods of time, usually 10 to 30 years. Term life is cheaper than permanent or whole life policies, which last for as long as you live. Be sure to ask your agent how long your life insurance policy will last.
- Which insurance company is my policy with?
Not all insurance companies are created equal, so it's important to know not only which company your policy is with, but also the financial strength, size, and ratings of that carrier. Only go with established, reputable carriers who have the financial stability to be there when you and your family need them.
- How much coverage do I need?
Your life insurance need is determined by two primary factors: How much money your surviving loved ones will need to live after you are gone and how much money will be needed to pay off your current debts, such as a mortgage, car loans, and student loans. However, the amount of life insurance you need is a very individualized number that can only be determined by carefully examining your current and future financial situation.
Hear from Our Customers Who Purchased Life Insurance through AIG Direct
Great customer service experience and knowledge of insurance. Very simple and easy to complete. Will recommend to others. Thank you!
I should have bought life insurance when I was younger but like many I didn't. AIG made it easy for me to get what I needed for final expenses. Thank you AIG!
This was the best process from start to finish. I would highly rate AIG for their help and knowledge.
The endorsements/testimonials presented should not be construed as a recommendation to purchase, or an indication of the value of any product or service.The testimonials are actual AIG Direct customers who are not affiliated with AIG Direct and were not provided compensation.