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Insurance Agent - Don't Be Fooled by Term Insurance Agents |

Don't Be Fooled by Term Insurance Agents

Insurance agents work under tremendous pressure and try to push insurance products especially life insurance plans, as much as possible. The practice of fooling potential customers is not new in the insurance sector. Agents lie and use half-truths. You could be fooled by life insurance agents who work for a commission. If you do not want to fall prey to cunning insurance agents, you must understand the common tricks used by them.

This is the best term insurance product for you, says the life insurance agent.

This is a commonly used trick. They greet you and repeat this line. Ideally, they should first listen to your financial goals and needs and offer the term plan, accordingly.

Sometimes, agents recommend a life insurance plan which gives them a higher commission. To avoid being fooled, understand what needs to be considered when purchasing term insurance. Consider your current age, annual income, liabilities, other income sources, family size and dependents before availing term insurance. You can also make use of the IndianMoney HLV calculator to determine the sum assured required for your family.


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