The unexpected can happen to anyone, which is often the reason why six out of ten people report that they have life insurance … and the fact is that many more agree that they need it. One of the most important things we do during our lives is to take care of, protect and support those we love. Make sure that if something happens to you, those who are most important to you remain in your protection and feel your support. And the great news is that it's not as expensive as you might think!
Many families, especially younger ones, assume that life insurance is outside their price range. The LIMRA study 2020 showed that a major obstacle that discourages consumers is their perceived cost of life insurance. Since the LIMRA study began, consumers have consistently overestimated the cost of life insurance. The study shows that more than half of Americans estimate the cost of a life insurance policy at more than three times the actual cost, and younger Americans are likely to estimate the cost at as much as five times the actual cost.
Even if you are young and healthy, the unexpected can happen to you too. And if life insurance is affordable, why not protect your family?
It is obvious that life insurance is of great benefit to everyone. But every situation and person requires a unique life insurance. Finding the right policy for you or your family requires some research. Here are some tips to help you find the right life insurance company for you:
1. Educate yourself
Depending on your specific stage in life, different life insurance policies may be appropriate. Learn a little about what's out there. For example, children under 18 can get the Youth Life Protector that ensures your child's right to purchase additional coverage regardless of health changes, or a final cost policy allows retirees to secure their funeral expenses as well as debts and monthly expenses are covered. Some people get life insurance through their employer, but this insurance usually ends when you are no longer employed and do not retire. Get a basic grasp on what's out there and what your interests are.
2. Determine your recipient
This step may seem obvious, but it is often postponed. When looking for the best life insurance company to help you with your insurance, you should think about this in advance. Never go without a beneficiary. Sometimes people take the time to try to decide who the best person would be to put on the life insurance policy, but if you do not have a beneficiary when an accident occurs, your entire life insurance must go through your property setting by the courts, which is a major inconvenience to family members. that is left.
This is also the case if your beneficiary dies before you. Keep track of who is on your life insurance policy and make sure they are aware that they are the recipient, or that something is set up to contact them through information that is always kept up to date. An independent life insurance consultant can help you do this properly.
3. Choose an Independent Insurance Advisor
After researching a bit to find out what type of life insurance you are looking for, it's time to find an independent insurance advisor to help you in the next step. When choosing the best life insurance company in Ohio, make sure they offer a wide range of insurance policies and not just try to sell a package deal but personalize it to your specific needs.
Customer-focused life insurance agencies are best at this type of specialized attention and service. By maintaining a well-trained and licensed staff, life insurance can be tailored to each customer. Find a life insurance agency that puts its customers first. To get a sense of how much attention they can give you, interview the agent and ask lots of questions. Let them further explain the different types of life insurance they offer and ask how they differ from other life insurance companies.
4. Think about life insurance for your business
When you start thinking about life insurance options, do not forget about your business. What would happen to your company and your employees if you had an accident? If you are looking for life insurance to cover your business as well as your personal life, find an insurance company that can create a package for you that provides all aspects of your life. Ask Ohio life insurance agencies you are interviewing about what they offer in this regard. Taking out a life insurance policy for your company can also help to improve the company culture and make your employees feel well taken care of. The various coverages that are important to your business include a buy-sell agreement, general insurance policies and key personnel.
5. Be prepared for the application process
When you have a good life insurance agency, you need to go through an in-depth evaluation called an insurance process, which begins with questions about your health and medical history. The best insurance companies in Ohio will help guide you through all of this and make the process painless. When interviewing your potential advisors, ask them how they will guide you through this process. Once they have gathered all your health information, you need to take a paramedic examination. The life insurance agency will review your final medical report and your life insurance application, and your new agent will contact you with the results. The best life insurance advisors in Ohio will sit down and review the insurance you are offered with you. Taking the time to make sure you understand the policy and are covered in all the ways you expect is a sign of a great advisor.
Choosing the right insurance advisor is extremely important. You want this sometimes complicated decision to be guided by the best advisors out there. CoverLink Insurance is dedicated to putting our customers first and we are here for any questions or concerns you may have.