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11 Costly
Mistakes You Should Know About
Before
Purchasing Life Insurance! |
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According to industry
experts, there are 11 problems that most people make before buying
life insurance coverage. In order to make the process easier for
consumers B&R Insurance services has provided you with these
common mistakes.
Whether you currently
own coverage or not, there are a number of things that you should
know about in order to make an educated decision. If not
identified and dealt with, any of these items could cost your
dearly. That's why it's critical that you read this report.
11
Things You Must Know Before Buying Life Insurance Coverage
- Not buying a policy before your health deteriorates.
- Not shopping different companies (we do this for you via our
quote system).
- Not buying a policy with a GUARANTEED PREMIUM.
- Not buying from a Company with at least an A Rating with
with AM Best. (Rating determines Financial Strength).
- Not buying a term policy with a Guaranteed conversion into
permanent coverage.
- Buying a ten year policy when in actuality you should have a
20 year term.
- Failing to calculate your
needs. This will help make an educational decision on just
how much coverage you need.
- Accepting Life Insurance Coverage at work as your primary
coverage for your family.
- Buying an Accidental Death Benefit Policy (ADB) and
believing that you are covered. These policies do not cover a
death due to natural causes such as heart disease, cancer, etc.
- Buying life insurance as an investment (i.e. Whole Life)
-
Not clearly defining
what exactly you are protecting (i.e. Dependents in the event of
your death)
Please feel free to
call our insurance agency at any time and speak with one of our highly
qualified representatives. For over 30 years our agency has been
providing families with quality insurance products & services.
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