Are you struggling with how to choose life insurance? You’re not alone.

Choosing life insurance is a very important decision that is faced by thousands of Americans every day. Who you select as your life insurance provider will either prove to be a reliable, dependable company that will stand by you throughout life’s ups and downs, or it will be a burden and a bear to work with.

To help ensure that the decision you make is the best one, Shell Mutual Insurance is offering up these points to consider in evaluating the multiple life insurance companies that are vying for your business.

Remember that the lowest monthly premium shouldn’t be the be-all, end-all criteria for making your decision. As is often the case, coverage levels vary widely according to the premiums that are associated with the plan, which means that a little education can go a long way in assisting you with your choice.

Life Insurance Provider Feature #1: Financial Stability

Financial stability is one of the most attractive traits of any life insurance provider. Why? Well, consider what might happen when the time comes to pay your claim for a death benefit, for example, and the company who underwrote the claim is no longer financially solvent. This has happened to many people before, which is why it’s important to choose a life insurance provider that has a long-standing history of financial stability coupled with a reputation for paying claims on-time and without unnecessary delays.

Life Insurance Provider Feature #2: Product Variety

Life insurance coverage products come in all shapes and sizes. What might be a great policy for a 35 year-old man who smokes could be completely off the mark for a 72 year-old man who is in good health. Also, many life insurance providers don’t provide the kind of premium payment options that might be best for you (for example, automatic direct debits for monthly premium payments).

This is why it’s crucial to have access to a broad selection of life insurance providers, so they can be ‘shopped’ for the ideal coverage to suit your unique needs. Shell Mutual Insurance truly shines here, because evaluating life insurance providers is quite literally all we do for our customers.

Life Insurance Provider Feature #3: Customer Service and Support

Imagine calling in to your life insurance provider and having to speak with an offshore customer service representative who hardly speaks much English. Or, how frustrating do you think it would be if your life insurance provider only allowed you to send an email any time you had a question about your policy?

Unfortunately, many life insurance companies operate in these ways. While you may end up paying less every month for the coverage they provide, the trade-off may not be worth it when the time comes to receive high-quality customer service or policy support.

Life Insurance Provider Feature #4: Established Company History

Here’s an example of a life insurance provider that is probably not the wisest choice: a provider that was established last week.

how to choose life insurance 2There are many new, inexperienced life insurance companies that attract customers with promises of great coverage and low monthly premiums. However, what most of these companies won’t tell you is that they don’t have the track record to suggest that they are actually reliable and trustworthy.

Without a proven history of excellence in life insurance, you’re rolling the dice with your policy and with the financial future of your loved ones. Many life insurance providers have been in business for 50+ years, and they can reference a long list of satisfied clients as proof that they are an upstanding coverage provider. Seek out a provider that has a proven history, and you’ll be doing your part to ensure that the policy you select will be upheld in the years to come.

Need More Guidance? Contact Us Today

At Shell Mutual Insurance, we’re passionate about matching you with the most suitable life insurance coverage option there is. To do this, we screen and evaluate the life insurance offerings from multiple providers, a service that is 100% free and easy to obtain. It all starts with a phone call or email from you—we’ll even come visit you at your location, in-person, to discuss your options.

This personal touch is what separates Shell Mutual Insurance from the rest of the pack. To get started, contact us today. Our team of insurance experts is standing by, ready to help set you on your path to a more secure future.