Life insurance unbiased tips: Know how much you want covered. A good rule of thumb is to cover ten times your annual income until your kids have finished education. This isn’t hard and fast, and depending on the type of cover that you’re buying, you might just want to go with what you find affordable. Think about the debts you need paid off, and make sure it’s enough.
Your health issue may not be necessarily as bad as you think and we might get you better rates with a policy that does require a medical exam. After all, if you haven’t been diagnosed with anything, you can honestly answer the questions on a no exam application and still qualify for coverage. But, even if you have health issues, you should always discuss your situation with a knowledgeable independent life insurance agent before you go out and apply for a no exam policy. Alternatively, if you only qualify for a no exam policy, we can comparison shop for you and find the most affordable no exam policy that’s right for your circumstances.
Why do so few millennials expect to buy life insurance? I suspect if you asked any generation at age 18 to 34 if they thought they needed life insurance, a low percentage would say they did. Certainly when I was that age, insurance was the least of my considerations. But marriage, a mortgage and children have made life insurance a part of our financial planning, and the same is true for many millennials. When you are young, you spend much of your energy focused on your own personal situation. As you get older, you worry more about others in your life. Life insurance is fundamentally not about you — it is about the others in your life who you care about. Find additional details on Independent & Unbiased Life Insurance Agency Pennsylvania.
On the other hand, permanent life insurance can also be an important part of your lifetime financial plan. It’s flexible, and can help you meet a number of important goals, including protecting your income building equity, providing an additional source of retirement income, and leaving a financial legacy for your loved ones. You can supplement retirement income by taking loans or withdrawals from accumulated cash value (although the policy’s cash value and death benefit are reduced by the amount taken, plus any loan interest charged). The financial strength and reputation of the company you buy it from matters.
What does that mean for you? Their hands are tied – they simply can’t give you access to the full range of choices available. So you could be missing out on a great rate and never even know it. Without the pressure of satisfying a sales quota, we are free to give professional advice based on what is best for YOU in your current situation. We are committed to understanding the situation that you are in and what insurance is best for your needs. Find more details at www.terms4less.com.