how can I find out if a life insurance company is a legitimate, licensed company?

Posted on Jun 27, 2008 under Insurance Information |

13 Responses to “how can I find out if a life insurance company is a legitimate, licensed company?”

  1. frank_austin_jr Says:

    There's usually a Dept of Professional Regulation in every state. Shoot them an email.

  2. newneenee33 Says:

    Standard and Poors, AM Best are two organizations that rate companies from A-F. Check them out online.

  3. check with BBB or Dun & Bradstreet

  4. You can either contact the state insurance commissioner or go to the Better Business Bureau to find out if they are registered.

  5. Get quotes find the ones that apply to your needs at reasonable cost you may not pick the Lowest or the Highest one because you will check out the BBB and State on the ones you are thinking about doing business with..
    All licensed insurance co’s will not pressure you to the point of telling you that is a one day only offer…If they do it is a salesman that will not be in business long. So check out what you find and go back to the one’s that check out. If you find one that you like and they are a little higher then the second one you like go back to them and have them sharpen their pencil a bit If they can they may if they can’t then you will have to make your decision biased on the original quote. Just don’t go back to a co. if you have not checked them out. A little common sense goes along way too don’t forget.

  6. Financial Answer Guy Says:

    Here are a couple of good references:

    http://www.naic.org - National Association of Insurance Commissioners

    http://www.ambest.com - Rating company for insurance industry.

    Also, Life Insurance companies will not "sharpen their pencils". The rates for life policies are based on rating class, age, sex, health, smkoing status, face amount and type of policy. The only hope is to have an underwriting decision reviewed in an effort to qualify for a better rating class.

  7. I love when you talk about this type of stuff in your posts. Perhaps could you continue this?

  8. I have beeing looking the Internet for this information and i wanted to say thanks to you for this post. Also, just off topic, where can i download a copy of this theme? – Thanks

  9. Wow, this was very fun to read. Have you ever considered submitting articles to magazines?

  10. Thank you..definitely useful!!

  11. That is definitely an wonderful site you’ve got checking out this website. The challenge can be quite enlightening plus direct to the issue. Thrilled to see much more about your site next occasion.

  12. I carry on listening to the newscast speak about finding boundless online grant applications so I’ve been looking around for the most effective website to obtain 1. Could you tell me please, where could i discover some?

  13. artificial christmas tree…

    That is very interesting, You’re a very skilled blogger. I have joined your feed and stay up for searching for more of your excellent post. …

Leave a Reply