Insurance Is Not All The Same

​Both homeowners and auto insurance policies are pretty standard.  There may be different features that can be selected but a homeowner’s policy in Louisiana will have the same basic coverage regardless of who issues the policy.  This is true of auto insurance as well.  That’s because the commissioner of insurance in each state regulates what basic policies must include.
 
This is not the case with life insurance.  Most life insurance policies are different – the language in the policies differ, as well as the rates and benefits.  No two insurance company policies are the same.  There are a number of reasons for this including the fact that life insurance policies are designed and intended to be in effect for many years.  Auto and homeowner policies are contracts generally re-written every year.
 
These differences lead to buyer confusion.  It’s important to deal with a trained and experienced agent or broker to help understand the complexity and to understand the features and benefits of the life insurance policy you purchase.