Though well-meaning, some agents never learn the nuances. Others justify inferior policies by rationalizing that it is better for a client to have some insurance than none at all. And, as experience has shown, some mislead. Be aware of differences, some so subtle their full significance is realized only when translated into dollars. Important cost and benefit differences also may result from the way in which insurers categorize clients.
Some companies offer policies that categorize by health, family, job, life style and more.
Others do not. Home and auto insurance are so categorized. A driver with many accidents or speeding tickets, or who lives within a high-theft area, might pay higher rates, but the same criteria is often ignored by life insurers. Joseph Mintz, a Dallas insurance agent, critic and consultant on this article, comments that money saved by purchasing insurance wisely can make a bountiful contribution to your favorite charity. The package includes forms to question agents or companies about existing policies or policies being considered for purchase.