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Three Facts about Instant Life Insurance Quotes

Written by Aaron Pinkston, Tue, Feb 02 2010

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Clarifinancial does not show instant life insurance quotes on spreadsheets. Here are a few reasons for this:

  1. Instant life quotes always exclude companies.
  2. Instant quotes do not reflect underwriting.
  3. Instant life quotes may be too big.

Instant life insurance quotes exclude options

Some companies do not allow spreadsheet companies to show their rates. Some companies contractually restrict their agents from representing other companies. This means if you contact any one insurance seller, you are guaranteed to not see quotes from all insurance companies. The best company for your may be the one you do not see.

That’s just one benefit of getting quotes from multiple agents in the same place.

Instant life quotes do not reflect underwriting

Unlike insurance rates, companies can change their underwriting guidelines at any time. If someone could create a spreadsheet system that includes current underwriting guidelines, it would soon be wrong.

It is also difficult to get companies to publish their guidelines on things like cancer, diabetes, or multiple sclerosis for fear of adverse selection. They are afraid of accepting too many people who have illnesses and not charging enough. That’s why they don’t always want to advertise how competitive they are with say… cancer or heart attacks.

To make matters worse, sometimes underwriting with the same company and the same product is different, depending on the agent’s distribution channel. Your results might be different if you buy your policy from an independent broker than if you bought it from a career agent or from a bank, even if their products have the same price. And that’s not to mention the fact that sometimes different distribution channels have different products to sell.

Underwriting practices could be different from company to company, and it could all change tomorrow. A person would have to represent all companies and all distribution channels to show you all your possibilities. If it sounds confusing, it is!

You may have too many options from an instant quote

This is not a contradiction to the first point. The problem with not being able to see all the results available is that you might miss the best result for you. But you don’t really want to see all the results – that could get confusing – just the ones that are most relevant.

The agents who use Clarifinancial can filter their search to find particular groups of insurance shoppers. Over time, the agents learn where they are most competitive and choose to focus just on those areas. This helps them operate more efficiently. As insurance markets change, they can change their search. Naturally, this means you receive customized quotes from the agents who tend to be better suited to help you. You get meaningful results.

It’s About You, Not Them

The best way to make sure you are able to consider the most competitive, most relevant, and most accurate quotes, you really should talk with multiple agents across the country with different perspectives and hope you find the right one for you. Or, you could use Clarifinancial one time, and let them compete for you without you in the middle. After all, choosing is easy when choices are clear. Give it a try today.