Fall 2012- Life insurance is often viewed as a less pressing concern than auto or home insurance, but in fact it is a very important form of coverage that can potentially save your family a lot of hardship. Thinking about life insurance brings up questions of mortality, and how often are you in the mood to think about your own death? Combine that with the complicated language of the insurance industry, and many folks just avoid the subject altogether. Fortunately, working with an independent insurance agent can make the process much easier by providing trustworthy information and advice to help you make the right choice.
To get you started, here are a few tips for choosing life insurance from CNN Money.
- Know the differences between term policy life insurance, which is simple insurance coverage, and whole life insurance, which combines the insurance aspect with investment products.
- Make sure you are adequately insured! Whole life policies are more expensive, which means many people buy lower level plans that aren't really adequate for their situation.
- Choose a life insurance policy that will last until your dependents are no longer dependent, or until your retirement pension begins.
- When is the right time to buy life insurance? Obviously you want to buy when you're healthy, so it's good to buy early, when you're young- but not until you have dependents.
If you have questions about buying life insurance, Connelly-Campion-Wright Insurance can help you navigate the process. Our Jersey Shore insurance agency has been helping coastal NJ residents find the right insurance for over 85 years.
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