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The Dirty Secret Your Insurance Agent Isn't Telling You

Jun 21, 2008
Certain purchasing decisions are necessary, yet daunting. As a result, we tend to turn to the counsel of professionals to help us make those big decisions. But have you ever relied on a professional who provided very poor advice? We all have at some point. Your situation gets really bad if the decision was a serious one. Following poor advice on a big decisions can be disastrous. Your circumstances get even worse if the poor advice they gave was actually for their gain -- and at your expense.

Since there are so many things out there that require the assistance and guidance of a professional, it seems we are destined to run across someone who will take advantage of us. Even when people are required to get certified, licensed and attend ethics seminars, we can still be taken advantage of in a big way. Money is power . . . and "power corrupts", as they say.

One might not think it, but insurance is another one of those big purchase we all need to make. A lot of people skip this one, though, because it's too pricey. Sometimes people bolt once they hear an insurance quote. This is bad; especially when the policy quote is for life insurance. Life insurance is a very important purchase that shouldn't be neglected. Your family needs the protection. But, you purse is too lean to afford the quote. But, here is something you may not have known . . . that quote may have been for whole life insurance. So, did that agent tell you about the secret advantages of term life insurance? Or, did he keep his lips sealed?

Term life insurance lets you decide what type of policy fits your needs. You can choose terms anywhere from one to 30 years. And, you can have flexible and comfortable payment options and small payments as low as $8 a month. Do you need just enough to pay off your mortgage or do you need enough to keep your family afloat for many years to come? The choice is yours. You also have more freedom to choose the beneficiaries you desire.

Now I admit, none of us want to dwell on our lives ending, but you know you love those who depend on you. You care about them and want to make sure they don't have the double burden of morning your loss AND fighting debts they can't handle. Life is tough. It's an unfortunate fact, but collectors will say to your surviving family members, "Aw, we're so sorry for your loss -- now about that mortgage payment you owe us . . . when can you get that in to us?" With an affordable term life policy, the bereavement allowance will be paid to any selected beneficiaries and your family can know that they are protected.

I'll admit, term life policies sometimes come across as "cheap" -- in quality. For that reason, many say that whole life insurance beats out term life. But, anything has poor quality if you pick a bad product. You can get a poor quality whole life police, too. Actually, whole life just isn't cost effective when placed next to a good quality term life policy. Agents who sell whole life policies like to keep the secret advantages of term life . . . well . . . a secret.

Here's a quick overview of the monetary benefits of term life insurance over whole life insurance. A $200,000 term life insurance policy would cost a 35 year-old roughly $400 a year. In contrast, somebody with a whole life policy of $30,000 can end up paying out the same rate in annual fees! This is because whole life insurance policies take your premium and invests it on the stock market. Choosing the wrong type of policy can mean they get fat off your hard earned money and your family gets insufficient protection. That's another secret your insurance agent might be keeping from you.

Good thing that term life insurance is an affordable choice for almost anyone. Don't neglect protecting your family once you've concluded you can't afford whole life insurance. Remember, always shop around to find the best plan. Not every term life policy is perfect, either. So, do your research. That way, the so-called professionals can't steal from you so easily. You'll also discover that a good term life insurance policy can easily fit your budget while preserving your most important assets for your family.
About the Author
Term life insurance is too affordable and too important to pass up. And even better, searching for the right policy is easy. Browsing the Internet for online life insurance quotes is the best way to get started. No more excuses -- get your free quote today and get protected today!
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