Three Important Things About Protecting Yourself With Insurance
Finding an Life Insurance Agent
One of the most important steps in protecting yourself and your family with life insurance, is to partner with an agent or agency that is trustworthy. Partner with an agent that has extensive access to numerous A-Rated life insurance companies. Partner with an agent that’s going to get you a great price on life insurance. They should be able to genuinely find you the best price possible in a life insurance program that’s going to offer everything that you and your loved ones need.
Setting Goals For What You Wish to Accomplish
The second thing you need to know is what are you hoping to accomplish. Do you want to have a $5,000, $10,000, $20,000 policy? Or perhaps you want a larger policy, such as $100,000, $200,000, $400,000 or even a million-dollar policy? And why do you want the policy? The why part of this is crucial, because if it’s something that’s going to pay off a mortgage, or if you want it to pay your burial expenses, you can discuss thiis with your agent, and it may change the entire type of life insurance, you choose.
Your agent will help you decide whether you need a $20,000, $15,000 policy. Perhaps you may only need a $5,000 or $7,000 policy. It may be structures as whole life or term life insurance, or even just an accidental only policy, or even universal life insurance. Make sure that you’re really clear with your agent about what you want and why you want it.
Considering Health What is Realistic?
You need to have an understanding of what’s realistic. That is, if you have major health issues you’re not going to be able to get a large coverage term or jumbo whole life policy. For example: A $500,000 Term Policy that is a full coverage, is not realistic for someone who has congestive heart failure, is wheelchair-bound or is using a breathing oxygen machine.
Traditional whole life insurance policies are a lot more flexible and forgiving when it comes to health issues. Let your agent know what it is that you hope to accomplish and they will explain what you can qualify for and what it costs.
If you are looking for more information on affordable Life Insurance, please don’t hesitate to contact us. Use the links below or call us directly at (928) 323-0933.