Considerations When Buying Life Insurance

Are you considering purchasing life insurance?  Do you have a life #insurance policy and you are wondering if your have the best policy for yourself?  We would recommend when you are ready to purchase life insurance that you find a reputable #agent who can access many different products to ensure you are getting exactly what you need.  To be prepared for this conversation, we would advise you to consider these suggestions.

When looking for the correct insurance product for you, instead of shopping for the “best price” consider the “value” of the product you are purchasing.  Not all policies are equal.  Some have a better price, but are term policies and will only benefit someone if you die.  If you are young and healthy and not concerned about retirement down the road, and would simply like to protect your young family for the next twenty years, then a #Term Policy may be your best bet.

When you are determining how much insurance you need, rather than simply selecting a rounded number, go through and think about what your family and loved ones will need should something happen to you.  Spend some time with your #calculator and consider the number of years and the amount of money you think needs to be available, and then round-up.

Are you one of those people who when you purchase a car, look at the lengthy contract, and just begin to sign so you can drive your new vehicle off the lot and to your home?  When it comes to purchasing life insurance, please look through the paperwork with thoughtfulness and be sure you understand the ins and outs of your policy.  If you’re unsure, don’t sign until you talk with the agent.

Just because you are young doesn’t mean you don’t need a life insurance policy.  It’s easy to think I’ll do that tomorrow, and then tomorrow turns into a week, and weeks turn to months, and months into years.  Before you know it, you haven’t covered yourself or your family.  Even if you have purchased an insurance product, you need to review the policy annually, to be sure it still meets your needs.