Thursday, September 02, 2010

Buying Tips.

Do you like comparing when buying something? Yes! But not purchasing insurance products. Reason; cheap things might not be good.

In my younger days while selling life insurance, i was afraid to price higher premium to my clients. Thinking low cost premium might be easy to attract buyers. Later when a claim was made, i again was scared because most benefits were not added in the policy. The logic is, low premium, the benefits and covers would be much lesser. Whereas over a high premium protection, the plan would be more comprehensive and thorough. There is no such thing as low premium with high protection and more return.

The recommendations and advices to prospective insurance customers are...
1. Avoid comparing with other companies products. Once an agent knows you are comparing, he would attempt to sell how to win his sales rather than to sell according to your needs. After all insurances are calculated by actuaries. Higher the risks , higher would be the cost.
2. Pick a comfortable and reliable life insurance agent.
3. Give a budget which you can afford and review your current needs and requirement.
4. Always remember and things might not be the best. Just like a beautiful and an attractive lady might not be ideal, unless she has a beautiful and a loving heart.

Something to ponder - "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy" ~ George Horace Lorimer

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