When you’re shopping for life insurance, there are dozens of different factors that you need to consider to ensure that you’re getting the best rates possible. Because life insurance is one of the most important purchases that you’ll ever make, it’s vital that you make the best choice for you and your loved ones.
Every year, I get a lot of questions about SelectQuote Review, this post is going to detail my thoughts on SelectQuote. If you don’t want to read this post, feel free to watch the short video below.
The first thing that you should know about Select Quote is that they are a large insurance agency, but more technically, they are a large call center. There are dozens and dozens of people in cubicles answering phones. There is nothing particularly wrong with this, except if you have to call back, you might have problems getting ahold of the agent. You may have to leave a message and then wait to get a call back. Another problem with the call center model is that some of the agents that you might be connected with are trying to make the sell as quickly as possible. I can’t say that all of the agents are like this, but there are been several complaints about SelectQuote agents being “short” or “rude” when answering applicants.
Another thing that you should know about SelectQuote is that they only work with 11 different life insurance companies. Yes, they are independent agents, but compared to other independent life insurance agents, like ourselves. Getting 11 life insurance quotes is better than just getting one, but it’s not nearly as good as getting dozens and dozens of quotes. It’s important that you compare as many quotes as possible.
One of the biggest drawbacks of SelectQuote is the price of the quotes that you’re going to receive. As I mentioned, they work with 11 insurance companies, which will give you some options on quotes. Those quotes are going to vary. Some of them are going to be more affordable than others. If you’re in poor health or you have any pre-existing health conditions, the rates that you get are going to be much higher. If you have a severe health complication, like diabetes, it’s important that you find the perfect company for you, and more than likely, it isn’t going to be one of the 11 companies working with SelectQuote.
There are a lot of people that think SelectQuote is a scam, but that’s not true. They are a legitimate option for getting life insurance protection, but they are not the best choice. When you’re shopping for insurance, it’s vital that you find the best plan for you and your loved ones. There are over 800 insurance companies on the market, and all of them are going to you different rates based on your medical history and health. The rates that you get are going to vary wildly.
If you have any questions about life insurance or SelectQuote, please contact me or one of my agents today. I would love to answer those questions and ensure that you’re getting the best rates possible.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the life insurance coverage that your family deserves. If something awful were to happen to you, and you didn’t have life insurance, your family would be stuck with a massive amount of debt and other final expenses.
Calculating your Life Insurance Needs
Regardless of which company that you choose, or if you decide to use SelectQuote, you should take the time to determine how much coverage your loved ones would need if you were to pass away. The vast majority of life insurance policyholders are underinsured, which means their family would be left with some additional expenses.
There are a couple of key categories that you should account for to ensure that your family has enough coverage.
The first number that you should add up is your major bills and debts. The first goal of your life insurance is to give your family the money that they need to pay off your unpaid expenses. For most people, this will include student loans, mortgages, car loans, and credit cards. Make sure that your life insurance plan is at least large enough to cover the sum of those bills.
The next number that you should put in that equation is your annual income. If you’re the mainstream of income in your household. Then it’s important that your family has the money that they need to replace your monthly paycheck without having to sacrifice their standard of living.
The last number that you should add into the calculations is any final expenses or burial fees. The average funeral can cost up to $10,000, which would be difficult for a grieving family to coverage. Your life insurance plan should give your family the money that they need to fulfill your final wishes.
If you need any help deciding how much life insurance you should buy, feel free to give us a call. We would be happy to walk you through the process and ensure that you’re purchasing a large enough insurance policy.
You never know what’s going to happen tomorrow, so don’t wait any longer to get the life insurance protection that your family deserves.
Looking to get information on Select Quote? Coming up in this video will be my review.
So if you're looking for term life insurance you may have heard of Select Quote. They're a large insurance agency, they do a lot of advertisement. But actually what they are is a call center, where a lot of people sit in little cubicles and pick up the phones when people call, and they're actually high pressured sales people, to get you to buy, while you're calling, on the phone at that time.
First thing you should know is you're dealing with people in a call center, and you may not be able to speak to that person again very quickly. You may have to leave messages. You're not working with an independent, experienced, long term agent, you're working with a call center.
The second thing to know about select quote, is that select quote only works with about 11 life insurance companies. So what does that mean for you? It means that you're not shopping the entire market out there. You want to make sure when you're working with a life insurance agency that you have the ability to compare many many carriers. All the high quality, top, life insurance carriers that are out there. At ChooseTerm.com we work with over 30 different life insurance companies and we can help you shop the rates from all the major life insurance carriers out there.
Lastly, if you have any sort of pre-existing health conditions, you're going to end up paying a lot of money with select quote. Why? Because they don't specialize in high risk life insurance and the companies they deal with are not necessarily the best ones for you based on your condition. When you have a pre-existing health condition you want to be able to know which company is going to approve you at the best rate based on your condition. At Chooseterm.com we are specialists in high risk life insurance and we can help you do that.
So if you are in perfect health and you call select quote you'll probably end up getting a competitive rate, however you're not going to be working with the same person before during and after the sale. Once the sale is over you're now working with maybe customer service if you're looking for or have a question after.
When you work with Chooseterm.com, I work with you before, during and after the sale. My name is Liran Hirschkorn and I'm the founder of the company, and I look forward to working with you. Thank you.
Author: Liran Hirschkorn