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Saturday 17 May 2014

How To Choose An Annuity Advisor

By Minnie Whitley


Consider several financial houses. Consider the following in getting an annuity advisor. Get some referrals from friends and family members who already have this kind of insurance policy. You would prefer to get referrals from people that you know like your friends and family.

It is highly possible that one or more of your friends and family are insurance policy holders. You can ask them who their insurance provider is. Ask them why they chose such insurance company over many others in the market. Know that there are many insurance companies in the industry.

Friends and family are one of the best sources of information because of the personal relationship that you have with them. The trust that you have with the person referring is very important. You will not consider the recommendation if you think you cannot trust the person who referred to you the company.

It is very important that the company is stable so that when time comes that you need the money, they can give you what ought to receive. After several years of them keeping your money, you expect to receive the fruits and interest of your money. Check the background and history of the company.

Consider only experienced companies. You need a company that is experienced in handling the money of their investors or clients. Make sure that the company is legitimate. It should be registered with the SEC and with other proper authorities. Check their business permit and licenses.

Consider the financial stability of the company. If the insurance company is not stable, you will not get your money back. You will not be able to use it at the time intended and for its purpose. A lot of people get insurance policies as investment especially when they retire. When a person retires, he does not go to work anymore.

Next would be the internet. You know already that there is a lot of information that you can pick up from the internet. That is because the companies are advertising on the web. They use the internet to promote their business. Some companies create websites for their business. Through these websites, customers can check upon them.

An insurance company may assign an insurance agent to take good care of your account. When you say take good care, this means that the insurance agent will be the one to help you process the application. When you have questions, this person is your main contact from the inside. You will be mainly communicating with them for anything that is related to your insurance product.

Check the company with the Better Business Bureau. The bureau also holds some valuable information about the company. The bureau has a director of business and you can check this directory for the company or financial service that you need. Consider the BB rating of the company.




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