What Questions Should You Ask a Life Insurance Agent?

Shawn Plummer

CEO, The Annuity Expert

Key Questions to Ask About Life Insurance

  1. What Type of Life Insurance Should I Choose?
  2. How Much Coverage Do I Need?
    • Consider financial obligations: debts, income replacement, education costs for dependents.
  3. What Does the Policy Exclude?
  4. What Are the Premiums?
    • Ask about initial premiums and if they will change over time.
  5. Is the Policy Renewable or Convertible?
    • Renewable: Extend coverage without a new medical exam.
    • Convertible: Change to a different type of policy.
  6. What Riders Can Be Added?
  7. How Does the Cash Value Component Work? (for Whole Life)
    • Understand how cash value accumulates and how it can be used.
  8. What’s the Policy’s Surrender Value?
    • If you cancel, know the refund amount after fees.
  9. How Does the Claim Process Work?
    • Clarify the steps beneficiaries need to take to file a claim.
  10. Are There Any Discounts or Loyalty Programs?
    • Some insurers offer discounts or benefits for long-term customers.

Life Insurance Comparison

FeatureTerm Life InsuranceWhole Life Insurance
DurationFixed periodLifetime
CostGenerally lowerHigher with cash value component
Cash ValueNoYes, accumulates over time
ConvertibilityOften availableNot applicable
PurposeIncome replacement, debt coverageIncome replacement, wealth transfer, savings component


In summary, when considering life insurance, it’s crucial to understand the type of insurance, coverage needs, policy exclusions, premiums, policy flexibility, additional benefits, investment components, surrender value, claim process, and any available discounts or loyalty programs. This guide provides a clear understanding of the essential aspects of life insurance, helping you make an informed decision. Contact us today for a free quote.

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Life Insurance Inquiry

Frequently Asked Questions

What questions do you ask a life insurance agent?

Do I need any additional life insurance beyond my company plan? How much do I need to secure financial independence if anything happens to me? When would a whole-life policy be the superior option over term insurance plans? Could it make sense to combine both types of protection into one single package that meets all my needs?

Should I be honest on life insurance questions?

In considering your life insurance application, resist the urge to be untruthful – even if it may result in a higher premium. Honesty is always the best policy; misinforming on key questions could lead to denial or cancellation of coverage during contestability.

What questions should I ask an insurance recruiter?

What is the motive for this job opening? … What duties are most vital in this role? … How will success be evaluated and tracked?… What qualities do you consider a must-have for somebody occupying this position? … Are there any opportunities to progress within the company’s hierarchy as part of taking on this responsibility?

What life insurance doesn’t ask questions?

Are you in the market for a life insurance plan with no questions asked? If so, guaranteed issue coverage may be ideal for you. This permanent policy will stay active as long as your premiums are paid, and it won’t consider factors such as your age or health when determining eligibility. Secure yourself from surprises by choosing an easy-to-qualify-for option that provides complete peace of mind!

What do I need to know before an insurance interview?

Before you attend a meeting with an insurance company, make sure to do your research. Learn what they offer regarding coverage, which their rivals are, and the area they serve; understanding their values is also essential. Then, feel confident and determined in the room – know why you’re there! During the interview, be mature but don’t forget to ask interesting follow-up questions or, even better: send them an excellent thank you note afterward!

*Disclosure: Some of the links in this guide may be affiliate links. I may receive a commission at no cost to you if you purchase a policy. It helps us keep the lights on!

Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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