6) Incurred Claim Settlement Ratio of Insurer — Higher the claim settlement ratio means, higher the
chances such insurance company would settle your future claims.
3) Customer service: One more key point which I felt is to look for a term insurance plan where customer service
of such insurance company is good.
Once you do your homework, just visit insurance company website, pay a premium and you would get your policy document to your home address unless you have any major disease
where such insurance company would ask for clarifications.
Allstate is one
such insurance company that offers different types of coverage options namely the value package, the standard policy, the gold package and the platinum package.
Such insurance company shall refund to its insured the unearned portion of the premium paid by the insured.
Talk to heads of any groups you are involved with to see if they partner with
any such insurance companies.
The higher settlement ratio is good for the company as claim rejection chances are very less from
such insurance companies.