Cheap Term Life Insurance
Who offers cheaper and better term life Insurance than Primerica?
We just had a Primerica representative come in our house and try to tell us why we need life Insurance.
I do agree my wife and I would like a term life Insurance plan, but am not sure if I want to go with Primerica. They are not the cheapest and I read some good and bad things about them.
Can anyone recommend some alternative companies?
How is Transamerica? They seem to pop up in the top 10 Insurance Company list a lot.
Primerica may not be the cheapest term Insurance, they are definitely not the most expensive. According to the IMSA and the Better Business Bureau, Primerica has excellent quality service. Check out this list of companies who are members of the Insurance Marketplace Standards Association (IMSA)http://www.imsaethics.org/Content/IMSAQualifiedCompanies_34.aspx While there are well over 1000 life Insurance companies in America, only a small handful have strong financial ratings and excellence in customer service to qualify for membership of the IMSA.
Primerica is also member of the Better Business Bureau with accredited business standards since 1980 and has a rating of A+. Transamerica is also a member of the BBB with rating of B+, but fail to meet the accredited business standards.
Does cheaper really mean better? You may find companies that are cheaper, but how is their service? How do they handle their death claims? Primerica takes about 7-10 days to pay their death claims. In the year 2008, Primerica paid an average of $2.9 million in death claims every day. How to they handle refunds or exchanges? How is their customer service? How do they protect your privacy information?
Cheap Term Life Insurance: This is What I Need to Know