Can I Negotiate My Premiums?

I have a lot of friends that enjoy going to yard sales. They wake up every Saturday morning before the sun comes up, they pour their cup of coffee, and they drive around from neighborhood to neighborhood. Are they looking for something in particular? No, they’re simply looking for a good deal.

Most of the time their favorite part of the process is the bartering. They like to see just how cheap they can get something. It doesn’t matter if they need it, they simply want a good deal.

This leads me to a question that we’re often asked. Can I get this senior insurance policy for cheaper if I call the company directly? Is that the best price you can do on this particular policy? The first time I was asked this question I was actually offended. I felt like someone was treating my insurance policy like they were a used car, but the more I thought about it, the more I realized that we’re simply trained to make sure we’re getting the best deal possible.

Now to answer the question, no, it will not be cheaper to purchase the policy directly from the insurance company. Life insurance rates are fixed by law. This means that policy A from company A has to be the same price no matter where you purchase it. That price for the exact same policy cannot vary.

That being said, there are some things that I would pay attention to when shopping for life insurance rates for seniors. There can be a big difference from company A to company B for the exact same policy. Does that mean that the more expensive policy is a better policy or includes more coverage? Not always.

Company A prices may be cheaper for a 45-year-old male in perfect health whereas company B’s rates may be cheaper for a 45-year-old male who has diabetes. Each company has certain areas they specialize in. This is difficult to figure out if it’s your first time looking at life insurance policies. I think it’s very important when shopping for life insurance policies to seek out the guidance from an experienced life insurance agent. An agent with experience will understand which company and which policy may be the best fit for the goal you’re desiring to obtain.

If you would like to speak to one of our insurance professionals regarding your specific situation, feel free to call us. We are licensed in most states and would be glad to answer any questions or concerns that you may have. We can also shop your specific details with multiple companies to ensure you’re getting the best rate possible, including guaranteed life insurance for seniors.