The Worst Life Insurance Companies and How to Avoid Them

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

What To Look For In The Worst Life Insurance Companies

There are many factors to consider when choosing a life insurance company. The most important factor is likely the financial stability of the company. You want to choose a company that is financially stable and will be able to pay out your policy if you die. Another important factor to consider is the customer service of the company. You will want to choose a company that is easy to work with and provides good customer service.

Weak Financial Stability

The first thing you should look for when trying to avoid the worst life insurance companies is weak financial stability. A company that is not financially stable is more likely to go out of business or be unable to pay out its policy if you die. There are a few ways to research the financial stability of a life insurance company. One way is to look at the company’s rating from independent rating agencies like A.M. Best or Standard & Poor’s. You can also look at the company’s financial statements to get an idea of its overall financial health.

Poor Customer Service

Another sign of a bad life insurance company is poor customer service. You want to choose a company that is easy to work with and provides good customer service. A good way to research the customer service of a life insurance company is to read online reviews. You can also contact the company directly and ask them questions about their policies and procedures. If they are difficult to work with or do not provide helpful information, then you should avoid them.

High Prices

Finally, you should avoid life insurance companies that charge high prices for their policies. There are a few ways to compare the prices of different life insurance companies. One way is to use an online life insurance calculator. This will give you an idea of how much you would pay for a policy from each company. You can also contact the companies directly and ask for quotes. When you are comparing prices, be sure to compare apples to apples and make sure that the policies have the same coverage.

How To Avoid The Worst Life Insurance Companies

If you are looking for a good life insurance company, there are a few things you can do to find one. First, you can talk to your friends and family members to see if they have any recommendations. Second, you can read online reviews of different life insurance companies. Thirdly, you can contact an independent life insurance agency like The Annuity Expert to guide you to a solid life insurance company. Finally, you can contact different companies and ask for quotes. By doing your research, you can find a life insurance company that is right for you.

By following these tips, you can avoid the worst life insurance companies and find a good company that meets your needs. Do your research and shop around before buying a policy to ensure that you are getting the best possible coverage.

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, 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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