How to Get the Best Insurance Deal for You and Your Family
Posted by PARTIK on August 19th, 2015
Life insurance is important for every individual who has dependent family members. It will take care of the financial future of the family when you pass away. Always seek guidance and expert advice before opting for any insurance plan.
Do you know why life insurance policies are the most sold financial products in the world? not just tax benefits, but they provide life cover, the indemnity to make good the financial loss that your family will suffer when you pass away unexpectedly. Life insurance is one of the most underrated, yet important financial decision that every individual has to take. It saves anxious moments for the legal heirs and does not let them fall prey to financial worries that arise on your absence. It is essential for you to ensure that your loved ones are saved of mental worrying wondering how to pay off home mortgage, vehicle loans, etc.
Before signing on the dotted line of an insurance policy make sure you get a free online life insurance quote from all major insurance companies. This will help you know the current insurance rates and how much you will have to send monthly, quarterly or annually on your insurance cover. It is also essential to ask how the premium amount of your policy will be collected. Most companies provide net banking and credit card collections, but it is also possible to opt for direct cash collection in which an executive will visit your home or office to collect the premium amount. However, for home collection of charges, the insured person will have to incur additional costs apart from the premium charges.
It is quite common for somebody with limited financial knowledge to understand what an insurance company is actually offering. The technical jargon, the complex payment structure, the bonus scheme, everything might sound like Greek and Latin. Hence it is advised to seek the advice of a life insurance benefits consultant who will help you analyze and make a rational decision that your family will thank you for. It is highly recommended that you avoid taking decisions on your own as you might possibly make a wrong judgment and erroneous decision thus jeopardizing the financials security of your family.
During the meeting with the insurance company or the agent, do not hesitate to ask as many as questions as possible. Get all possible information before taking up the agreement and committing yourself to pay the premium. Take not of the premium payment schedule and ensure that the cheques are banked on the right time. Bounced cheques can cost you penalties and can even drag you to a legal mess that is difficult to conclude. Make sure your family is also informed of the policy details so that they can avail the benefit in case of any contingency.
View Source :- http://www.storeboard.com/blogs/business/how-to-get-the-best-insurance-deal-for-you-and-your-family/526941
