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Else Agency Life Insurance Reviews
Else Agency is an Insurance Marketing Organization (IMO) that is nationally recognized and partners with over 30 top-rated life insurance carriers such as Transamerica, Foresters, and Mutual of Omaha. Its founder, Dana Else, also founded Symmetry Financial Group in 2016, based in Chesapeake, Virginia.
NOTE: If you’re shopping for life insurance, be aware that Else Agency works with agents to help build their careers. You can browse their website at the link below, but they don’t sell directly to consumers there. If you need a life insurance policy, start here with a free quote. If you’re curious about what a life insurance broker is and does, read on!
Else Agency
- 820 Country Club Blvd.
Chesapeake, VA 23322
What Is an Insurance Marketing Organization (IMO)?
An IMO provides insurance products to other insurance agents and agencies. Most IMOs also provide things like training and marketing support for their agents. These companies create partnerships with both insurance carriers and independent insurance agents, linking the two and allowing independent agents to offer a wide range of products and services to their clients.
Else Agency partners with independent life insurance agents to help them grow their businesses. By working with a broker like Else Agency, agents can access more products from more carriers to offer their clients.
What Is a Life Insurance Broker?
A life insurance broker offers insurance solutions including mortgage protection, disability, retirement protection, term life, and more. Agents work directly with the consumer. They help shoppers compare rates from the companies they partner with and assist in completing the application process. They also provide advice on products and companies that best fit the needs of the consumer.
Working with a broker makes it easier for you to shop around and find the policy that fits your needs and budget. Your agent will also help with the application process and provide advice on carriers and products.
The primary benefit of working with a broker is having access to quotes from multiple carriers and the ability to quickly compare policies to find the one that fits your needs best. Working with an agent who is knowledgeable about products offered and the underwriting process can give you the peace of mind that you are getting the best bang for your buck.
Why LifeQuote?
Now that you know what a life insurance broker does and why it’s good to work with one, here’s why LifeQuote is a great choice for you and your loved ones. For over 30 years, LifeQuote has focused solely on selling life insurance and providing unbiased services.
Our philosophy is that life insurance is a specialty, and because it’s our focus, we’re equipped to answer your tough questions and find you the highest quality, affordable life insurance. There are about 2,000 life insurance carriers in America, but we only quote the “A” list companies to ensure you’re getting a policy you can trust.
Additionally, we work with 40+ of the top carriers, giving you the ability to work with an agent to find that carrier that fits you and your needs best, without settling. No one company has the “best” life insurance product for every age, amount, or situation, and your personal needs are unique. By working with one of our agents, you’re ensuring that you find a policy that is best suited to you.
Since you’re already on the site, why not get a free quote to start comparison shopping?
Else Agency: Available Products
The agents who have partnered with Else Agency will be able to offer a variety of life insurance products:
- Mortgage Protection: Mortgage protection insurance functions like a standard term life policy, intended to pay off your mortgage in the event of your death. The policy is purchased for a set length of time, and you make monthly payments. In the event of your death while the policy is still active, the chosen beneficiary will receive the policy amount to pay off the mortgage now that they are without your income.
- Universal Life Insurance: Considered to be the most flexible form of life insurance, universal policies are a type of permanent life insurance that is generally more affordable. Adjustments can be made to the policy periodically to meet changing life needs, allowing flexibility on premium payments and the death benefit amount. There is also a cash value savings component that can provide funds while living, which can be used to pay expenses like college tuition and to supplement income, as well as incidental expenses that you may not be able to afford with your own income and savings. Periodic premium payments, in addition to an initial premium payment, are required to keep your benefits active, but the premium amount can be increased to add to your cash value or decreased for a period when finances are tight.
- Term Life Insurance: Term life insurance is considered to be the most affordable type of life insurance and is generally available in 10–30-year term lengths. If you die while your policy is in effect, a cash death benefit can be used to cover final expenses, pay off the remainder of your mortgage, cover ongoing expenses, and help fund tuition costs for your children’s education. Premiums can be paid monthly, quarterly, or annually to keep your policy active. If you decide during your term that permanent coverage suits your needs better, most term policies can be converted to permanent life insurance. With the flexibility in term length, policies can be selected to give you adequate coverage at a price you can afford, with the option to adjust or renew your policy later.
- Final Expense: Often referred to as burial insurance, final expense insurance is a whole life insurance policy designed to cover expenses your family may face after your death, such as funeral and burial costs, medical expenses, and other outstanding expenses. As the policy owner, you pay premiums periodically to keep the policy active. When you die, your beneficiaries will receive the specific dollar amount of the policy. One of the benefits of burial insurance is consistent premiums that will not increase as you age.
In addition to life insurance products, brokers like Else Agency also work with carriers to help you find the best policy when looking for other types of coverage, including disability, critical illness, retirement planning solutions and college planning solutions.
- Disability Insurance: Protects your income in the event of disability.
- Critical Illness Insurance: Protects the funds needed to support you or your loved ones in the event of prolonged illnesses.
- Retirement Planning Solutions: Enables you to enjoy the retirement you deserve with a range of financial solutions including annuities and IUL’s.
- College Planning Solutions: Creates a foundation of long-term financial security that can create your family’s legacy and fund your children’s education. These policies are designed to give children a head start on college funds, down payments on a home, and potentially even retirement funds through a combination of insurance coverage and a cash value savings component.
Disadvantages of Else Agency
Else Agency helps insurance agents build their careers, whereas LifeQuote is dedicated to helping you find the right life insurance policy for your family and loved ones. Because we specialize in life insurance, we have the knowledge to give you the best insurance shopping experience.
While agents who partner with Else Agency have access to over 30 carriers, at LifeQuote, we have the quality assurance of only quoting companies that are “A” rated by the nation’s premier rating service, the A.M. Best Company. In addition, we work with 40+ carriers to provide you with the best options.
For the highest quality service to find the policy that fits you best, LifeQuote is the way to go. Get a free quote to start comparison shopping so you can give your loved ones peace of mind – and be sure that your policy is tailored to your needs and budget.
