Problems with Instant Burial Insurance Quotes

As it often happens, when we try to solve the problem of making things more convenient we end up creating a new set of problems. This is the case with instant burial insurance quotes. Price is the only information people seek when they are not an expert in a particular product. This is understandable since price is a universal concept that doesn’t require product knowledge. A burial insurance quote also requires a coverage amount, so people throw out a nice round number like $10,000 and hope that it works. I’m not trying to sound too critical. You can’t blame consumers. They are doing the best job they know how. They unknowingly need an agent who has been absent in this process.

When people look for online insurance quotes they might be comparing apples to oranges instead of apples to apples. Burial insurance quotes are much different than term life quotes because the products are not the same. This may seem obvious, but you’d be surprised how often people buy on price without worrying if it's the right product.

When people guess how much coverage they need, they almost always underestimate. A crucial tool called a "needs analysis" reveals many factors that influence the amount of needed coverage. For instance, one factor that is often overlooked without using a needs analysis is income replacement. A needs analysis is typically not included with an instant online quote. And if you ever find an insurance agent that is picking coverage amounts out of thin air, then shame on the agent.

Another problem is the selection of companies in the quotes provided. Different companies charge different prices. Even if consumers get several quotes, they still cannot be certain they are getting a good deal. Insurance brokers understand the market better than anyone else, so they are in the best position to tell people if they are getting a good deal. Some agents are greedy and sign people up with overpriced policies even though they know less expensive options are available, but one can only hope this isn't the norm. Its actually to the agent's advantage to sell the least expensive policy available because the client is less likely to replace the policy with something cheaper. The last thing agents want is to pay back their commission because a policy was replaced. Funny how doing the right thing ends up being the most profitable in the long run.

Lastly, agents can sometimes steer clients away from inferior products. Insurance companies have to charge more and/or put coverage restrictions on high risk policies. Consumers who are not working with an agent may assume they only qualify for a high risk policy, but an agent may be able to put them with a lower risk policy. Inferior products can be the same price, or even cost more than a superior product.

I hope this discussion reveals the importance of an agent when looking at burial insurance quotes. Buying life insurance is a lifelong commitment. We should surround ourselves with as much expert guidance as possible when making a decision this important. You can find more life insurance topics on my Blog – Houston Life Insurance Plans.

Chris Topping is a life insurance agent serving Houston and surrounding cities for over 8 years.