How to evaluate or choose an insurance package?

Question

i got people from manulife, prudential and great eastern. all claiming theirs package is the best. Should i choose investment based or conventional?

Answer 1

i prefer investment based. to earn more money and to prevent rush credit loans. why don't you try this site maybe this one can help you too http://www.mooreinformationservices.com/

it offers good insurance package to secure your personal insurance account...

Answer 2

I am an independent broker and I started in the business for New York Life. I would stay away form investment based life insurance. If the stock market crashes you could loose your life insurance, I saw this first hand when the tech stocks crashed in 2000. you should ask these agents to give you the pros and cons of Universal life vs Whole life vs Variable life (investment based). Each agent says theirs is best because that is all they can sell. I would use yellowbook.com to search for a life broker that can sell many different carriers. Things to look at in a policy, financial ratings of the insurance company, maximum expenses in the policy, minimum interest rate. Don't be fooled by a low premium you may not have enough money in the policy in the future. You should also consider a term to 100 policy these are much cheaper which is why agents want  you to buy a permanent policy. Again look for a broker.

Answer 3

insurance today is so competitive that its not the evaluation of the package but the reliability of the company...best insurance.com will give you that...

Answer 4

in my opinion if the moto is investment mutual funds are better option then Insurance cos. because insurance company will invest your money into market after deducting commission it paying to agents and only 88-90 percent of what you are paying is invested actually in for you, while there are no entry load in mutual fund if invest directly with fund house. and if you are going through agent maximum entry load will be 2.25%