WemonAde.com When Life Gives You…

Is the agent licensed in your state?

All states expect that agents be approved to sell life insurance. In addition, agents who sell variable products must be registered with the National Association of Securities Dealers
And have extra state licenses.

What corporation or corporations does the agent represent?

Does the agent have any professional designations? Professional designations include Chartered Life Underwriter (CLU) and Life Underwriting Training Council Fellow (LUTCF). Agents who also are financial
Planners may have designations, such as Chartered Financial Consultant (ChFC), Certified Financial Planner (CFP) or Member of The Registry of Financial Planning Practitioners.

Is he or she a member of a professional association?

The major association for agents is The National Association of Life Underwriters (NALU). Through NALU’s local associations, agents can attend educational seminars and can stay on top of trends in the business.
Similar training and services are provided to financial planners through the American Society of CLU & ChFC, the Institute of Certified Financial Planners (ICFP),and the International Association for Financial Planning (IAFP).

What can I anticipate an agent to do for me?

An agent should be willing and able to explain a variety of policies and further insurance-related matters. Let your agent understand what you
Expect from him or her. You should feel content that the agent is listening to you and looking for ways to get you the correct type and amount of insurance at an inexpensive price. If you are
Not comfortable with the agent, or you aren’t satisfied he or she is providing the help you want, get a different agent.

THE AGENT VISIT

Now that you have reviewed the basics of life insurance and thought about your personal financial requirements, you can shop for a life insurance policy with additional
confidence and knowledge.

What can I anticipate during an agent visit?

The agent you have chosen will meet with you to discuss your life insurance needs. He or she will ask questions about family income and your net worth.
With the information you already have assembled about your financial situation, you ought to be ready to discuss your insurance options.

Will the agent ask questions concerning my health?

In this first discussion, be ready to answer inquiries about your health (for instance, age, medical condition, medical history, family history, personal habits).
It is vital that you answer these questions precisely and truthfully; this information helps a company charge a reasonable premium for your
Coverage. For example, you may pay a lower premium if you don’t smoke. On the other hand, if you have a chronic health problem, you may be charged a higher premium.
Additionally, in the event of a claim, accurate and honest replies allow your beneficiary to receive quick settlement. Inaccurate or untruthful
replies, however, may cause holdup or even denial of a claim. When you submit an application for life insurance, you may be requested to have
a medical exam. Often, a licensed medical professional will make a personal visit.

Protect your family with adequate life insurance, if you are in the U.S.A. Get this free report:

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