The Path to Life Insurance Success

by ‎01-27-2015 11:39 AM - edited ‎02-09-2015 01:50 PM (3,193 Views)

Overcoming these common life insurance hurdles can help secure the right coverage for you and your family.

 

Life insurance can be a valuable part of your family’s financial security. Getting coverage and ensuring that it continues to meet your needs may feel overwhelming. However, it doesn’t have to be. You can achieve success by avoiding these common hurdles:  

 

Not Acting
If you wait to get a life insurance policy, you could find yourself without coverage when you need it most. While it’s never too late to obtain life insurance, the healthier you are when you apply for coverage, the easier it is to qualify. And the younger you are, the lower your premiums may be.

 

Not Understanding
Make sure you understand the details. There are different types of life insurance policies to choose from, so it is important that you understand the features of each one. Educate yourself by doing some research and talking to a life insurance specialist.

 

Not Having the Right Kind

Don’t assume you have the right kind or amount of life insurance to meet your needs through your lifetime. Also, life insurance offered by your employer may not be the only coverage you need. If you change or lose your job, for instance, you may not be able to keep your employer-provided life insurance. An individually owned life insurance policy, on the other hand, can offer more competitive premiums and coverage options that can be tailored to fit your specific life insurance needs.

 

Not Reviewing Annually

There may be a time after you’ve gotten your policy when you need to make adjustments. Rather than putting your life insurance policy out of sight and out of mind, keep it in a place that will allow you to easily access it for review. Your life insurance needs are likely to change throughout your lifetime, so it makes sense to review your coverage annually with a life insurance specialist.

 

To learn more about the benefits of AAA Life Insurance, visit AAALife.com.

 

A version of this story appears in the January/February 2015 issue of AAA Living magazine.

 

Image credit/source: Michael Austin/TheSpot.com

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