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In Reply to: Comparing Term Life Policies posted by Charlotte on August 14, 2001 at 16:55:58:
Charlotte:
You want to find out about the convertibility of the policy. Also the rates when of you renew your term policy (and verify the premiums are level), not just the initial purchase.
Examine if there are any special riders the agent is offering, that are adding to the premium. If so, drop any unneeded add ons and
then compare apples to apples. Make sure you are talking about the same time frame with the term. For instance, the primerica agent could have quoted you 20 year, while the others gave you 10 year.
I am no fan of primerica, but you don't just want to say "Primerica sucks" but if the agent has spent some time with you, give their product
a fair evaluation, and base you choice on that. Every agent on this board would appreciate fair consideration after he has spent time with a prospect.
Agent
: I got a quote from Primerica on term insurance. I've been gathering quotes on the Internet for other term policies, and Primerica seems WAY more expensive.
: I'm going to be getting back together with the Primerica representative in a day or two, and I want to make sure I'm clear on what I'm comparing. I expect him to come in with the "value" argument, and I really have no idea what the difference is in "value" on a term policy.
: Can anyone give me features/benefits to compare beyond the face amount, length of term, annual premium, and the companies' A.M. Best ratings?
: Thanks in advance for your help!