Let’s face it — nobody wants to use their hard earned money to buy rubbish. So then how do you find the best life insurance policy that will give you value for your life’s sweat without getting scammed by one upcoming Yahoo Yahoo boy in Nigeria?
If you follow these steps outlined below, you can’t go wrong:
Step 1: Assess the company
Let’s say you have a company in mind already. How do you know these guys can play ball? How do you know they have what it takes and are worth your time?
As much as Life insurance companies are highly regulated by the Government, which is one assurance that the one you choose will be as healthy as a Horse, you still need to assess the company further.
One good way to do that will be by sifting through their Annual financial reports.
Since these are publicly listed companies, they are mandated to report their financial reports publicly so you get to know first hand if they’re making or losing money. They usually publish these on their websites.
Step 2: Read online reviews and talk to people
As it concerns how to find the best life insurance policy for you, please make Google your friend. Search for reviews to know what people are saying about that company.
For instance, some Nigerians have a very “good habit” of going to Nairaland to blast all those companies who have wronged them one way or another.
Alternatively, if you’re at a loss on how to go about that, search Google for “Insurance company name” “Review” (The name of the insurance company you are investigating and add ”review” beside it.).
Better still, if there are no reviews online for that company, the opinions of people who you trust can be a very vital substitute.
I didn’t say go and ask one random Aproko you see on the road about what Insurance policy is the best to choose oh.
Step 3: Compare prices
The common dilemma people might face when trying to know how to find the best life insurance policy is whether to go for the cheap option or the popular, more expensive option.
My dear, just cut your coat according to your size. It is usually advised by industry professionals to pay the lowest premiums possible.
Permit me to use an analogy here for a second: You know how it is when you go to the market to buy stuff and it’s quite obvious the cheaper second hand items are of lower quality than the more expensive ones?
Well in this case, getting an Insurance policy that is priced cheaply doesn’t necessarily mean you’ll getting terrible services. It usually just means that the Insurance company is bargaining for a cheaper price with you more aggressively than the others just to make sure they get your money.
Step 4: Choose a great product
Everyone wants value for their time and money like i mentioned earlier. No one wants to buy rubbish with their hard earned cash.
This in mind, you want to choose an insurance company that offers robust coverage with few exceptions and exclusions, and yes, the option to renew your Insurance policy in the future.
Also, never consent to an agreement that has anything with the word “simplified” or “guaranteed” on it. That’s a big no-no. Learn why here.
Now that you know how to find the best Life Insurance policy, get your life insurance now by Clicking here.