I've gotten a few quotes for term life insurance recently and they are much lower (at least 50%) than everyone else. Anyone have experience with this company?

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Posted by BamaCoaster

God's Gulf

Member since Apr 2016

5247 posts

Posted on 2/17/17 at 11:06 am to ForeverLSU02

Their am best rating dropped from A+ to A last year, and their long term outlook for credit dropped from A+ to AA-.

Not a huge deal, but something to think about.

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Posted by iknowmorethanyou

Paydirt

Member since Jul 2007

6545 posts

Posted on 2/17/17 at 1:15 pm to ForeverLSU02

shite conversion products if you need to go that route in the future. I've never seen them that much cheaper than the pack. How are you obtaining the quotes?

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Posted by ForeverLSU02

Albany

Member since Jun 2007

52147 posts

Posted on 2/17/17 at 1:22 pm to iknowmorethanyou

I've emailed several agents in BR for quotes with specific companies. The SBLI quote came from some random broker in Florida.

You have any good suggestions for shopping for life insurance?

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Posted by iknowmorethanyou

Paydirt

Member since Jul 2007

6545 posts

Posted on 2/17/17 at 1:55 pm to ForeverLSU02

Make sure that you are being quoted the same underwriting classification across the board. Reasonable agents will ask you a few questions to gauge your health. Slapdick agents will quote you Preferred Best and when your evaluation comes back, you end up paying more than the other companies quoted you.

Zander is a good site for comparison purposes. If you decide to go with an agent, make you sure you ask them what underwriting classification they're quoting you as well as the length of the level term period.

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Posted by ForeverLSU02

Albany

Member since Jun 2007

52147 posts

Posted on 2/17/17 at 3:21 pm to iknowmorethanyou