QuickQuote Insurance Blog


Interesting Consumer Choices for Life Insurance Advice

12/30/2009 By: Tim Bain

The Life Insurance Marketing and Research Association (LIMRA) recently released some interesting findings about consumers and their preferences for life insurance advice.


 

Insurance Advice Source

 

Percentage

 

Financial Advisor

 

34

 

Parents/Family

 

27

 

Life Insurance Agent/Broker

 

15

 

Human Resources

 

14

 

Suze Orman or Clark Howard

 

10


Interestingly enough, Suze Orman and Clark Howard are both advocates of term life insurance over permanent life insurance products. You can view this Yahoo! Finance article by Suze Orman in which she recommends QuickQuote as a good source for term life insurance comparisons.

And if you haven't listened to The Clark Howard Show on the radio or Internet, you should check it out here. Clark offers useful advice on a host of financial topics including life insurance. He has mentioned QuickQuote as a valuable resource several times on his show and his website.

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2 User Comment(s)

1. anonymous on 01/10/2010 said:

I sold life and health insurance and I will tell you that most agents will steer people toward policies that will pay them the most money.

2. Tim Bain on 01/11/2010 said:

Thank you, anonymous. 'Most agents' might be a bit strong, but 'many agents' is probably fair. Let's be careful not to paint everyone with the same broad brush. The landscape of the life insurance industry is changing. Take term life insurance for example. Fifteen years ago you could not go online to view and compare term life insurance quotes from several companies in one place. Now there are dozens of websites that allow you to do just that warning: just do a little research to ensure the company behind the website is worthy of your time and business.

This kind of transparency is good for all ... especially consumers. Hopefully it will help to drive the rogue life insurance agents out of the industry.