These magazines often feature articles on various companies and their financial stability. The Indiana Department of Insurance can indicate the number and type of complaints they've received about a particular company and they can help resolve problems with a specific company or agent. Another way to gauge an insurance company or its agent is to talk with other consumers . Ask friends what company they do business with and if they are satisfied with the service they've received. Life insurance is commonly sold through agents who represent one company exclusively or through brokers, agents who represent more than one company.
Independent agents represent a variety of companies.
Choosing an agent may be more difficult than evaluating a company because the relationship between you, the consumer, and your agent is both professional and personal. An agent must be able to understand and evaluate family relationships and design an insurance program specific to your family's needs. To earn the CLU, the agent has 3 years experience and has passed a 10-course program in life insurance counseling. Friends and financial advisors , such as bankers, attorneys, and accountants may be able to recommend competent life insurance agents. Also, consider your own experience with agents you already know.