Much of the information provided here will be helpful whichever way you decide to buy life insurance. Before purchasing a policy, check the company's financial condition. You can also check out a company by asking the agent or requesting information from your state's insurance department. Also check with the state insurance department to be sure the company is licensed in your state. Collect the names of several agents through recommendations from friends, family and other sources.
All states require that agents be licensed to sell life insurance.
In addition, agents who sell variable products must be registered with the National Association of Securities Dealers and have additional state licenses. Through NALU's local associations, agents can attend educational seminars and can stay on top of trends in the business. An agent should be willing and able to explain various policies and other insurance-related masters. Let your agent know what you expect from him or her. You should feel satisfied that the agent is listening to you and looking for ways to get you the right type and amount of insurance at an affordable price.