I'm getting life insurance and it seems to be more mysterious than other financial products.
I want $500k term insurance for my wife and I for 15 years. This is might be overkill if we reach FI sooner, but in that event we will cancel.
I got quotes through selectquote from AIG for me and Banner Life for my wife. It was $45 a month total. I also saw Northwestern Mutual listed as the best life insurance company on nerdwallet so I got a quote from them as well. $52 a month total. The Northwestern broker / agent guy said that you can't compare NW to AIG or Banner, and in fact he wouldn't consider placing us with those companies if we are able to get coverage through Northwestern.
In response I asked, "tell me specifically why you say that," and his reply was financial stability (NW is AAA+ or something), and that if I ever wanted to change something down the line Northwestern was a better company to work with.
Is this fear sales tactics or fact? Should I go through 2 physicals (including blood draws and urine samples) and the whole underwriting process with both companies so I can compare at the end?