Insurance is a very special industry. Its whole value is a very simple promise: To pay a potentially large benefit in the event of a claim. But this claim may occur many years in the future, sometimes decades after the purchase of the policy. One of the questions you need to ask yourself is, Will the carrier be able to keep this promise? Will they still even be around many years in the future? You really have no way to be sure.
There are many factors that go into the selection of the right insurance carrier. Since this will be a long-term investment, you need to make sure that the one you’re selecting will meet all of your needs. Whichever carrier you choose, you should review the company’s pricing, explore it’s policy offerings and read all the consumer ratings. It is also very important to research the company’s financial health.