Choosing Out of the Many Life Insurance Companies In Your StateArticle Posted by Expert Author: Adam Foley on 06/04/2013
Having an abundance of life insurance companies in your state can be a double-edged sword. On one side, you are grateful to have such a variety of coverage and features to choose from, but on the other side, it does make the decision more difficult. In a perfect world, you would have two identical companies to choose from, so all you would have to do is flip a coin. Unfortunately, this is not an option. Although you might have heard some nightmare stories about no-name insurance companies and problems with fraud, it is important to note that there are also some fantastic companies that are established, trusted and respected.
So, which companies should you explore? Well, you want to stay away from new names you have never heard of. While they may mean well, you have no way of knowing how they are about paying policies when it comes down to it. When you stick with names like Metropolitan Life, Colonial Penn Life Insurance, American General, New York Life and Transamerica, then you know you are obtaining coverage with a company that is there for policy holders. In fact, American General has paid out more than $30 billion while Metropolitan Life was founded all the way back in 1863; these are points to look for when choosing a company.
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