Welcome to another Power 3 Product Review! This time we’re going to be reviewing some of the top rated term life insurance plans available on the market, and looking at how trends have changed with Aaron Udell.
Term Life Insurance Trends
- Clients have been gravitating more towards the no-exam process, which makes it much easier for them to get the life insurance coverage necessary to protect their families.
- We’re seeing more price-competitive turnaround times, as low as 24 to 48 hours from the initial pricing inquiries to actual policies being issued.
Term Life Insurance Products
Only a few carriers have gotten this fast, such as Sagicor and Fidelity, which are also the most cost effective. Assurity’s term life insurance is like a fully underwritten product, but does not require an exam. Sagicor and Fidelity would be considered the simplified issue solutions for term life insurance.
Term Life Insurance Carriers
Agents will want to make sure they still have fully-underwritten carrier options available to clients, but will only need about three or four to present, such as:
The Term Life carriers that stand a cut above the rest as non-medical exam companies, though, are:
Other Life Insurance Products
Other life insurance products worth introducing clients who are interested in term life insurance to would be critical illness and accidental death policies (such as Assurity’s Acci-Flex) which allow all kinds of riders while fitting client’s needs and objectives while still remaining affordable and cheap.
SilverSide Insurance Marketing
Contact SilverSide Insurance Marketing today for detailed sales material!