It’s Ball and Chain Job
It is real ball and chain to find the best life insurance company out of several hundreds. But you cannot escape it. You know how important finding the right insurer for you is. As a result, you cannot just give it a shrug off now to regret later.
What Happens When Your Search for the Best Life Insurance Company
While most people go online for life insurance these days, many still take the usual course: to get the policy through an agent. Often buyers are carried away by catchy ads. Yes, ads can be quite influential in determining the top-most life insurance company for many.
As a matter of course, we are focused on those who use online resources before purchasing insurance.
Usually, people visit a few sites and pick the name that frequently appears as the best life insurance company. But they cannot always hit the spot on finding the right company by that way. Finally, many lament over their decisions when it is too late.
Such things happening to you can be like a disaster, taking your ‘peace of mind’ away in place of giving it to you.
No matter which one of the several types of life insurance policies you go for, you need to check the company’s nuts and bolts.
A True Example of Disappointment
A State Farm policyholder says this on yelp, “I’ve been with State Farm for nearly 20 years and can no longer recommend them.”
Just think how this is going to affect you if you have bought a policy from State Farm.
Yes, a comment like this will surely undermine your trust even in the really best insurance company in the world.
But do you know that State Farm has ranked the highest in life insurance for customer satisfaction for the third consecutive year in 2016 by J. D. Power? This is why you need to do a little bit of research on your own if you are looking for a top rated life insurance company.
Our no-miss tricks are going to be helpful in finding you the best life insurance company.
The Motley List of Best Life Insurance Companies
Online lists are tremendously popular these days. They are immensely easy to get the very thing you want instantly in a take-away manner. Thanks to their creators’ tireless job, it has been easier than ever to get the very list of the best life insurance company names before your eyes in a jiffy. You may check a few of them to get names.
However, the results may leave you confused. There seem to be hardly any two top insurance company names that ever match. Though each of the reviewers has their own approach to choose the top-notch life companies, their core methodologies are almost invariable. They all take into consideration the company’s financial capabilities, independent reviewers’ ratings etc. in common.
But the results vary greatly only to create confusion for you.
We have the following examples for you to see how they vary:
- Haven Life
- Gerber Life Insurance
- Nationwide Life Insurance
- New York Life
- New York Life
Though, such contradictory results can be hopeless, they can be the ‘somewhere’ for you to start your search for the best life insurance companies.
However, we would like to advise you to make sure you check who have prepared the lists. Many names of top best-rated life insurance companies come from affiliated brokerage agencies. So, you had better see their perspectives carefully. But because some of them really do good jobs, we ask you not to avoid them . Often, you may have valuable information from them.
Read Consumer Reviews of Best Life Insurance Companies
Now that you have made a list of probable top-rated life insurance companies we suggest that you do not cross your hands and take it granted for the right choice as yet. Instead, do get some time to check what real consumers are saying about the best life insurance companies.
While checking consumer reactions, you will typically have both positive and negative views. Though some of them might be fake or counter-comments, some others, if not many, are usually genuine. For example, if someone says he is absolutely happy with X or Y company while his policy is still in force, there might be little reason to trust him.
However, many consumer reviews have real buyers behind them.
Especially, you may take a tour to sites like Better Business Bureau where real people make complaints and reviews.
You may make use of your online social circle.
For example, you have google for reviews.
Google, you know, is an open platform. So, the trustworthiness of google is not very high. Still, often you will find them useful. The reviews are first-hand, often coming in the way of chain reaction. Even if the authenticity of some of the reviews may be questionable, that it is a public platform makes it difficult for paid reviews (if any) to stay upright there.
So you will have some real reviews from here.
(Of course, we do not believe that all positive reviews are paid and all negative reviews are competitors’ remarks.)
Yelp is another good place where you can get good reviews about the top-rated life insurance companies. Reviews by consumers posted here are reliable for the neutrality that yelp sticks to.
Yahoo answers and Quora have been two of the best places that people have been seeking help for almost everything. Though there are people marketing their products, finding some real good piece of information about the best life insurance companies is possible from here.
Get Customer Satisfaction Rates
If you would like to get professionally made reports about the top-rated life insurance companies, you might take a look at the site of American Customer Satisfaction Index at theacsi.
Another and perhaps still more trusted place is the jdpower. It is a good place where you can get an idea about the most recent customer satisfaction rate about the top insurance companies. They use a 100 point scale to show how companies really do.
Some other globally acclaimed raters are:
Moody’s Investors Service
Check Financial Strength
You know it very well that money is safe with the moneyed. One of the most significant reliability factor for any institution, especially when it is of financial category, is its financial strength. So, if you go for finding the best life insurance company for yourself, it is where you must focus on. Besides, some of the just mentioned sites, there is Statista.com for you to check out where the best life insurance companies stand in financial strength.
Get Inside News of Your Best Life Insurance Company
Thanks to the internet, getting inside news these days has been easy like never before. You are only a click away from it when you need it. A visit to Glassdoor.com can be really worth your time if you can manage some.
Present as well as ex-employees of companies share their experiences with the companies.
You will be surprised to know that the highest number of life insurance companies in the USA was 2195 back in 1990. And in 2015, according to Statista, a number of 814 insurance companies were operating in the U.S. in 2015. So many vanished! So you need to understand where you should put your money into. This is why, checking legitimacy before an advertisement leads you to choose the best company is important. These days, with the growth of online fraudulent activities, the risk looms larger than any time before. In order to check the best-ness of the best life insurance company, pay a visit to the National Association of Insurance Commissioners’ website at naic.org to make sure you are on the right track.
And yes, the big shots will not vanish for sure. You can quite well trust them.
What Life Insurance Mentors Say
We know it will consume pretty good time and energy to find the best life insurance company the way we suggest. But we are sure you know how important it is to take the right decision when you have people who love you and whom you love too. You know, insuring involves their future and your hard earned money.