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How Should You Decide Which Insurance Carrier To Choose with So Many Options
Which Company has the most competitive rates?
First and foremost you would start with a carrier that provides a competitive quote, Trinity 1 Financial acts as independent broker representing many insurance carriers , most of our carrier are the top rated and most well established insurance providers worldwide
Determine the Financial Strength of The Insurance Companies.
Financial solvency is very important and you can measure the financial rating of any carrier by visiting AM Best. Solvency is the ability of a carrier to pay the claims of the policyholder, Most insurance companies have reinsurers to represent security for large payouts. You should also speak with an agent or broker who has good experience working with carriers to determine the speed of the carrier to pay out claims to beneficiaries and provides good customer service.
Which Insurance Company will accept my past health history?
This is a very good question, obviously the more serious the health concerns you have as a future insured the more critical it is to locate the right carrier who has underwriters experienced in working with that particular condition or combination of conditions. Certainly we can not always make guarantees , but as an agent we can assist you in pre-underwriting or field underwriting your current or past health issues since we have experience with what many of the carriers have issued and approved for our policyholder's. Additionally with large cases over $500,000 we can typically start with a preliminary application by having the potential insured release required medical records, attending physician statements and submitting the findings to carriers to determine which carrier will take the case and what the rate would be prior to formal application.
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