For the past 10 years I’ve been in the business of educating people about life insurance and one of the most common misconceptions is that way too many people think all insurers are equal. 

WRONG

These companies differ WILDLY in terms of prices, types of life insurance and underwriting – nothing is universal. The relationship you have with them depends on your personal circumstances. 

If you believe that you don’t need to know the ins and outs of the companies you’re considering this is a HUGE mistake. 

Friends, there are over 800 life insurance companies in the U.S. and they ALL have different approaches. 

The Life Insurance Company of the Southwest still operates as a separate entity but sells its products through National Life Insurance Company.

To make things a little more confusing, the Life Insurance Company of the Southwest has separate headquarters based in Addison Texas. 

Confusing, yes – but uncommon, no!

This happens all the time in the life insurance sector. That’s why I ask people to do their homework. Things are often not as straightforward as they first seem.

Purchasing life insurance can yield a number of benefits, but most policies are purchased as a way to help your family financially in the event you pass away. As such, life insurance can be a valuable, if not vital, component of the financial plan for you and your loved ones.

NASDAQ, 4 Errors to Avoid with Your Life Insurance 

To be fair, I was able to determine that the Life Insurance Company of the Southwest does have a decent selection of products. The main issue I have is that you’re given virtually no information about the details of their products. 

Here’s what the Life Insurance Company of the Southwest has to offer (click to reveal details): 

The Life Insurance Company of the Southwest offers a term policy known as “1 Click Coverage”. Here are the deets: 

• Coverage Length or Terms: 10, 15, 20 and 30 year terms
• Face amounts of Coverage: $25,000 – $350,000
• Age Cutoff:  20 – 60 (10 and 15 year terms) 20 – 55 (20 and 30 year terms) 

The underwriting classes include “Select” (Similar to Preferred Best/Preferred), “Standard Non-Tobacco, and “Select and Standard Tobacco”.

Policies are renewable to age 95 and are convertible to permanent policies. Unfortunately the site doesn’t tell you if they convert the policy to whole life, universal life or a choice of either. 

Term life insurance is my go to product, so this offering sends out some HUGE red flags.

Let’s check ’em out now: 

Typical life insurance classification are as follows: 

• Preferred Best (Select)
• Preferred
• Standard Plus
• Standard

Additionally, “Table Ratings” are offered, which could include up to 12 additional underwriting classifications.

This is not what the Life Insurance Company of the Southwest offers. They provide non-rated classification which leaves many people with medical conditions out in the cold. It’s fairly clear that they prefer to offer life insurance to healthy individuals.

Classifications such as Select and Standard leave people with medical conditions in limbo. 

If you’re an applicant with a pre-existing health condition such as Diabetes, Crohn’s or a variety of the other health ailments that affect Americans, you run the risk of being declined altogether. 

The kicker is you won’t know that answer until you apply. 

I have seen so many clients who were turned down by one company only to waste a bunch of time assuming that they’re uninsurable – which was simply NOT true.

COME ON CHRIS, YOU’RE JUST SAYING THAT BECAUSE YOU’RE AN INDEPENDENT AGENT

The good news is, independent life insurance agents have the inside scoop on dozens of life insurance companies! 

Regardless of your situation or the policy type you need, independent life insurance agents such as the ones you’ll find here at Huntley Wealth, are in a much better position to pinpoint the right company for YOU! 

Maybe you want plain old Term, or a Permanent policy for estate or business purposes. What if you’re in a rush and need a No-Medical Exam life insurance policy, or have a situation that requires Guaranteed or Simplified Issue? How about a Final Expense policy for your funeral expenses? 

It matters not.

An independent life insurance agent will give you the REAL deal. Because we don’t get commissions to push you into something that’s not suitable. 

Many of the options I just mentioned are simply not available with any single company. Not to mention the fact that many Americans have some form of health issue. 

Which means you need someone in your corner that understands the ins and outs of the underwriting guidelines for each and every company they represent. More leniency in regard to your specific medical condition translates into serious saving for you! 

Remember we work for you NOT THE LIFE INSURANCE COMPANY.

Call Huntley Wealth first if you want the most comprehensive policy and at the lowest possible rates.  In a word, we can do better than Life Insurance Company of the Southwest! 

Call today our agents are happy to answer all your questions, offer some advice and there’s absolutely no obligation to buy a policy. Call the pros at Huntley Wealth today at 877 – 443 – 9467.