Why Buy Life Insurance?
What is Life Insurance?
Buying Life Insurance
Reviewing your policy with your advisor
There are many reasons to buy life insurance.
Everyone has different responsibilities. Meeting those responsibilities
usually requires money. Life insurance, a contractual agreement between
you and a life insurance company, can guarantee that the money is there
when it's needed.
What is Life Insurance
Life insurance was established to provide funds at death for such items
as paying final expenses and debts, and providing an income for
dependents. In the case of cash-value insurance, living policy owners
can benefit from their policy in terms of disability coverage, annuity
benefits and emergency funds. Policy owners may also be entitled to
Buying Life Insurance
Buying life insurance can be complex because of the array of options and
types of policies available. I am a well trained insurance and financial
advisor. I am licensed to sell life insurance and to help you select the
financial product that best fits your needs. I will conduct a needs
analysis that addresses your financial situation, then will document
current and future goals to develop an individualized financial plan to
achieve those goals. As part of this process, I will thoroughly explain
products and options to help you arrive at an informed decision.
Individual needs may vary and there is no single answer that will suit
everyone. While term insurance may be appropriate to cover a short-term
or temporary need, permanent insurance or a mix of the two might better
serve your needs. I can assist you in ensuring the appropriate type of
coverage by taking into account personal circumstances. Keep in mind
that your level of life insurance coverage may need to be changed as
your circumstances and age change. You should plan to review and update
your policies with me every few years When you make an application for a
life insurance policy. You should provide information that is accurate,
honest and complete. Otherwise, the payment for a claim may be denied.
In some cases, a medical examination may be required.
Reviewing your policy with me
When you receive the policy, please read it over very carefully and ask
me to explain any points that are confusing. If you change your mind
about your purchase, most life insurance policies come with a money-back
guarantee called a "rescission right." Simply return the policy to the
insurer within 10 days of receiving it. Any premiums paid will be
refunded. Buying life insurance can be complicated because of the many
options available. However, I have a full understanding of insurance and
insurance products, and can work with you to find the best insurance
plan to meet your needs and your budget.
Two types of life insurance
Term to 100
Life insurance of one type or another is a key
element in your financial security. It's also important to those who
survive you, whether you have a family, are single, or are older and
living alone. What life insurance you have, or should have, depends on
your situation and on your plans for the future.