The “Ins and Outs” of Purchasing Life Insurance
Living Life to the Fullest
Whether you’re in your thirties or forties and want to live life basking in the golden sunshine of the Florida coast, or reached your “Golden Years” and want to “migrate” South to mingle with the other seasonal snowbirds, or decided the Sunshine State is where you want to be, if you haven’t already, it’s time to consider life insurance FL. Many people don’t know where to begin when choosing a life ins. policy, and it’s important to know the “ins and outs” so you get the most for your money.
Information at Your Fingertips
With the different varieties of policies on the market and a host of agents driven to sell based on high commissions, it is imperative to do your homework first. With the easy access of the internet, knowledge is at your fingertips. Use your favorite search engine and combine keywords such as life insurance FL and you’ll be amazed at how much information you’ll find. Additionally, there are webinars (online conferences) held on a daily basis, often times at no charge, to help navigate you through the process and help you determine exactly what your needs are and which policies are best suited for your specific lifestyle. Remember, knowledge is power and by doing your homework first puts you in a position of knowing exactly what you want and need, and exactly what you don’t want and need.
Interview Your Agent
Once you’ve done some preliminary research, it’s time to schedule an appointment with an agent to discuss policy purchasing options. Don’t let anyone sway or talk you into anything you don’t feel is right for you. There are two types of policies in FL (along with other states): term and whole life. The latter of the two has the potential for you to earn money on your policy, however it is much more expensive and those are typically the policies that agents push harder, because the commission for them is much higher. Again, arm yourself with knowledge and interview your agent just like you would an employee. He or she is working for you, not the other way around.
Live Healthy and Tell the Truth
In addition to making sure you really know your agent and who is handling your money, there are two other rules of thumb to consider with life insurance FL products. First, if you are able, purchase when you’re healthy, before any pre-existing conditions or illnesses. When you do this, you can get a better rate than when health problems are already in existence. Second, always tell the truth. It seems simple enough, however there are many people who “fudge” the truth, and as small or insignificant the lie can be, it can lead to legal and financial problems later. When you do your homework, live a healthy lifestyle and tell the truth, you can life to the fullest.