10 Key Secrets You NEED To Know Before Buying a Life Insurance Policy. Want to save thousands? Keep reading.
Buying a life insurance policy is a big decision — and if you have a family relying on you, it’s a must-have. Although it may seem time consuming, confusing, and even morbid (it isn’t!) at first, it’s important that you and your spouse take time to understand the policy you’re buying and why you’re choosing that one. Here are 10 simple ways that can save you big money you need to know before you start this important part of your financial planning:
1. Know how much life insurance you need.
The first step in buying a life insurance policy is determining how much you need. This amount can vary dramatically from person to person, depending on things like current income, retirement savings, and your current debt load.
Life Insurance is a cornerstone of risk management in anyone’s personal finance strategy, so don’t rely on a quick calculation off of an online calculator to figure this number out. Ask a professional or you can speak with one of our qualified financial coaches who can help you determine exactly how much you need.
Read more: buff.ly/2IEKfNu