Insurances.net
Insurances.net » Life Insurance » Evaluate Assets Before Buying Life Insurance
Auto Insurance Life Insurance Family Insurance Health Insurance Travel Insurance Mortgage Insurance Buying Insurance Accident Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Mobile Insurance Internet Insurance Pregnant Insurance Dental Insurance Children Insurance Baby Insurance Employee Insurance Liability Insurance Pet Insurance Boat Insurance Cancer Insurance Insurance Quotes Others

Evaluate Assets Before Buying Life Insurance

Evaluate Assets Before Buying Life Insurance
Share:    

We have a lot of practice at making purchase decisions

. We may get so good at the purchases that we are accustomed to that we have extra difficulty when presented with an unfamiliar purchase, like shopping for life insurance. Where do I start? How do I know I'm not getting ripped off? Take a moment here to learn how assets (both yours and those of your insurer) relate to a good life insurance purchase, and you'll be a more effective shopper.The first question you should work on answering when shopping for life insurance is, "What kind best suits me/my needs?" A close second is, "How much do I need?" In order to answer this second question effectively, you had better evaluate the assets you're already holding. How much coverage you need is a function of the financial needs of your survivors, but part of their financial needs may already be satisfied by existing assets. If you calculate that your spouse and children need a million dollars to get them through the next fifteen years but you already have a quarter-million-dollar company and $100,000 in savings, then you probably don't really need a million dollars in life insurance coverage. (Though, incidentally, you should plan ahead for who will buy your business upon your death so that your spouse gets the cash as quickly as possible.)(As a side note, if the question of what kind of insurance to get is really tripping you up and you have no idea where to start, I recommend speaking with an agent. If you're mistrustful of agents, I recommend learning about ordinary, old term life insurance. It's the product of choice for most shoppers, and it's the cheapest type of life insurance.)Sure, for many shoppers, it's intuitive that an evaluation of one's own assets is essential to smart life insurance shopping. However, an understanding of the insurer's assets is not out order either. A good financial strength rating is a clue that the insurer will not go belly up (or take a bailout from the taxpayers) when the next economic bump in the road comes along.Okay, the first question you should be asking now is, "Even if I could find that information, how would I know what to do with it?" Yes, it's true that most people outside the financial industry (and about half the people within it) don't honestly know what a good asset portfolio looks like. However, the nationally recognized credit rating organizations (e.g. Standard and Poor, Fitch, A.M. Best) have a fair-to-decent sense of the matter (if anyone does), and it takes but little time to learn ascertain that a particular insurance carrier has an A+ financial strength rating. If you're comparing life insurance quotes through an independent agency, the agency may supply said financial ratings along with the quote.

Evaluate Assets Before Buying Life Insurance

By: Mark Manderson
Lighten Up And Delight In At The Magnificent Cities In Pelion For Your Once In A Lifetime Greek Visi Be At Peace And Luxuriate In At The Delightful Places In Greece For Your Once In A Lifetime Greece V Captain Cook – His Exploration and Life Settle Down And Feel Pleasure At The Pleasing Places At Eastern Aegean For Your Once In A Lifetime G Do You Need Credit Life Insurance? Probably Not! Got A New Job? Make Sure Your Life Insurance Coverage Is Adequate Summer Life Insurance Checkup Ways Life Insurance Can Help You Plan For Retirement Aarkstore Enterprise -mutual Of America Life Insurance Company - Strategic Analysis Review What Lifestyle Benefits Our Modern Gadgets Provide Us Be At Peace And Exult In At The Scenic Villages At Halkidiki For Your Once In A Lifetime Greek Break 5 Deadly Mistakes With Life Insurance Long Term Care Insurance Riders: What Should You Need To Know
Write post print
www.insurances.net guest:  register | login | search IP(18.205.176.85) Aguascalientes / Aguascalientes Processed in 0.018616 second(s), 6 queries , Gzip enabled debug code: 4 , 2905, 953,
Evaluate Assets Before Buying Life Insurance Aguascalientes