Avoid These 5 Mistakes When Buying Life Insurance
Avoid These 5 Mistakes When Buying Life Insurance
Buying life insurance doesn’t have to be complicated. In fact, when you have the assistance of one of our independent life insurance agents, it can be quite easy and simple. That is related to our first mistake to avoid when buying life insurance.
Going It Alone
Our independent life insurance agents are available to help you through the process, answering your questions along the way. They can even shop for life insurance for you from a network of life insurance companies. There’s no need to go it alone when you have the help of one of our independent life insurance agents.
Waiting Too Long to Acquire It
Life insurance rates tend to rise the older you get. Yet many will put off its purchase while buying other products and services. If you wait too long, you may not be able to afford as much as you deserve, your health may change, making it more expensive or other factors could make it impossible to acquire.
Not Securing Enough Life Insurance
If you are going to apply for life insurance, get as much as you can comfortably afford. Choose less expensive term insurance to get more.
Buying Too Much Life Insurance
Far too many life insurance policies lapย for non-payment because the insured made too large of a financial cmmittment to life insurance. Make sure you can still afford your life insurance premiums even if there should be a slight downturn in your income. Lapsed life insurance policies negatively impact the insured and the insurance company.
Thinking Once You Purchased It, it is Off Your List
Your needs for life insurance will likely change as you move down the path of life. Check in on your life insurance policy every year or two and make sure it is still meeting your current needs.
If you would like to explore your life insurance options, please contact us. Let’s talk about your goals, needs, and responsibilities. Let’s discuss your options and your budget. Connect with us and avoid these five common insurance mistakes. We look forward to assisting you.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Insurance Blogs
Beyond the Funeral: 9 Reasons Why You Need More Life Insurance Than You Think
Life Insurance: Not Just for Buryin’! Unexpected Costs You Never Knew Were Covered
Life Insurance Myths Busted: Unveiling the Simple Truths Behind Financial Security
Considering life insurance but confused by the myths? We clear the air on common misconceptions and show you how to get simple, affordable coverage.
The Farewell Financial: Planning a Peaceful Goodbye
Beyond Goodbyes: A Guide to Navigating Funeral Costs and Life Insurance
Why Life Insurance Matters for Businesses
Death and the Business Owner: How Life Insurance Can Secure Your Legacy
Beyond the Grave: Burial Insurance vs. Life Insurance Explained
Don’t Be Buried by Confusion: Understanding Burial and Life Insurance
From Bronze Age to Boomers: How Life Expectancy Went From Meh to Magnificent
How Long Will You Live? A Look at Life Expectancy Throughout History (and Why You Might Need Life Insurance)
Beyond “My Beloved Spouse”: A Guide to Choosing Your Life Insurance Beneficiary
The Beneficiary Bunch: Understanding Your Options
Life on the Edge? How Your Hobbies Can Affect Your Life Insurance Rates
Beyond the Premium: Unveiling the Unexpected Links Between Hobbies and Life Insurance
Unveiling the Different Players (and Why We’re Your Guide!)
Insurance Companies: Not All Created Equal! Find Your Perfect Match with Our Help
Cracking the Code: Cash Value, Loan Value, Surrender Value – It’s All in the Life Insurance Policy!
Beyond the Death Benefit: Unlocking the Hidden Gems of Your Life Insurance Policy