When is the right time to buy life insurance? - Ahwatukee Foothills News: Money

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

When is the right time to buy life insurance?

Print
Font Size:
Default font size
Larger font size

Related Stories

Posted: Saturday, June 16, 2012 9:03 pm

Everyone knows when they need to purchase auto, home or health insurance. But how do you know if, or when, you need life insurance?

It’s simple, just ask yourself: “If I died tomorrow, would I leave anyone with a financial burden?” If the answer is “Yes,” it’s time to look for a plan that will provide you with peace of mind, knowing that your debts or loved ones will be taken care of in the event of your death.

It is important to understand the different types of life insurance in order to select the type of coverage that best meets your needs. Life insurance can be more than just providing a death benefit, some types can also be a source of retirement income, fund a child’s education or a source of cash in an emergency.

If you have life insurance, it’s important to regularly review your coverage to ensure that it continues to meet your needs as part of your overall financial planning. According to a recent study by Life Insurance and Market Research Association (LIMRA), 48 million households believe they do not have enough life insurance coverage.

The Internet can be a great place to start gathering information about life insurance products available and their cost. However, utilizing a Web-based insurance brokerage website to make a final purchasing decision often leads to lower customer satisfaction.

According to a 2009 survey by Beall Research & Training, Inc., 62 percent of respondents bought their insurance through an agent and were significantly more satisfied than those who purchased online in regard to how easy it was to understand their options and to choose a plan that gave them the best coverage tailored to their needs.

• Local licensed insurance agent David Townsend Terry can be reached at (480) 239-0451 or dterry@insphereis.com.

More about

More about

More about

  • Discuss

CDC shuns AZ's FluMist, all but nixing U.S. sales this season

Dealing a blow to AstraZeneca in its largest FluMist Quadrivalent market, a CDC committee has recommended against any use of the nasal vaccine…

Published: June 24, 2016 - 11:49 pm @ http://www.fiercepharma.com/pharma/astrazeneca-s-f…

June 23: Snake River AZ release party at The Brass Tap in Mesa

The Brass Tap at Mesa Riverview welcomes Snake River Brewing to Arizona with a tasting from 5-8 p.m. Thursday, June 23. Snake River, Wyoming’s…

Published: June 24, 2016 - 11:39 pm @ http://mouthbysouthwest.com/events/june-23-snake-r…

An American Dream Deferred

One of the most important lessons I learned growing up was that if I played by the rules and worked hard, I could accomplish anything. This wa…

Published: June 24, 2016 - 11:35 pm @ http://www.ips-dc.org/american-dream-deferred/

Keeping Busy Inside {20 activities for kids}

Whether you are stuck inside because of the AZ summer heat or a mid-west winter storm, this list can help you and the kids keep busy inside an…

Published: June 24, 2016 - 11:19 pm @ http://scottsdale.citymomsblog.com/2016/06/23/keep…

This Sci-Fi Short Is So Beautiful You’ll Forget It Was Created to Promote a Video Game Company

A humanoid robot—or something that looks very much like one—awakes in an unfamiliar prison. The screen built into its chest gives its name as …

Published: June 24, 2016 - 11:05 pm @ http://www.slate.com/blogs/future_tense/2016/06/23…

Plane Forced To Make Emergency Landing In Tucson After Passenger Made Threat

The plane landed at Tucson International Airport on Wednesday afternoon and was met by a group of law enforcement officers including the FBI, …

Published: June 24, 2016 - 10:49 pm @ http://talkingpointsmemo.com/news/compass-airlines…

Hyundai Tucson, Toyota RAV4 protect passengers very differently in new IIHS tests: video [UPDATED]

Updated with a statement from Toyota. See below. Back in 2012, the Insurance Institute for Highway Safety added a new challenge for automakers…

Published: June 24, 2016 - 10:47 pm @ http://www.thecarconnection.com/news/1104644_hyund…

From Unethical to Unlawful? Reality Bites Part III

This is Part III of a four-part series on the Discovery Channel show Venom Hunters, and the apparent bad behavior of the network, production c…

Published: June 24, 2016 - 10:18 pm @ http://blogs.discovermagazine.com/science-sushi/20…

Cedar Fire in eastern Arizona grows to more than 40,000 acres

PHOENIX — The Cedar Fire burning in eastern Arizona had grown to more than 42,000 acres by Wednesday morning, fire officials said. As of Wedne…

Published: June 24, 2016 - 10:19 pm @ http://ktar.com/story/1129649/cedar-fire-in-easter…

Bike Share is coming to Tucson

TUCSON, AZ (Tucson News Now) -

Published: June 24, 2016 - 9:47 pm @ http://www.tucsonnewsnow.com/story/32286072/bike-s…

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Most Popular

Online poll

Loading…