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

David Townsend Terry is a local licensed insurance agent with Insphere Insurance Solutions. Reach him at (480) 239-0451 or dterry@insphereis.com.

Related Stories

Posted: Thursday, January 26, 2012 4:00 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.

There are many things to consider when choosing life insurance and a knowledgeable, licensed agent can work with you to select a plan that fits your needs and budget.

David Townsend Terry is a local licensed insurance agent with Insphere Insurance Solutions. Reach him at (480) 239-0451 or dterry@insphereis.com.

More about

More about

More about

  • Discuss

WNBA Rescinds Fines For Wearing Black Lives Matter Warm-up Shirts

The WNBA has reversed its decision to fine several teams for wearing black t-shirts as a response to recent police shootings, president Lisa B…

Published: July 25, 2016 - 5:59 pm @ http://dcist.com/2016/07/wnba_rescinds_fines_for_w…

Democratic National Convention: Day 1 updates

July 25, 2016 The Democrats are starting their their nominating convention in Philadelphia. That comes just a few days after Wikileaks release…

Published: July 25, 2016 - 5:55 pm @ https://www.washingtonpost.com/news/post-politics-…

Body found at Arizona State campus

PHOENIX — Police at Arizona State University were investigating the discovery of a body found on the Tempe campus early Monday morning. Campus…

Published: July 25, 2016 - 5:55 pm @ http://ktar.com/story/1194824/body-found-at-arizon…

Activists protest no charges for Arizona officer in shooting

PHOENIX (AP) — A small group in Arizona on Monday protested a decision not to charge a police officer in the shooting death of a woman accused…

Published: July 25, 2016 - 5:34 pm @ http://bigstory.ap.org/article/3027ee32efbc4f49b39…

A day of humiliation for party chair underscores Democratic divide

“Shame!” people in the room jeered as the congresswoman addressed a Monday breakfast of the Florida delegation. “Shame!” It was a cringeworthy…

Published: July 25, 2016 - 5:34 pm @ https://www.washingtonpost.com/politics/a-day-of-h…

National Weather Service Watch Warning Advisory Summary

2 products issued by NWS for: Phoenix AZ URGENT - WEATHER MESSAGE NATIONAL WEATHER SERVICE PHOENIX AZ 507 PM MST MON JUL 25 2016 ...BLOWING DU…

Published: July 25, 2016 - 5:25 pm @ http://forecast.weather.gov/showsigwx.php?firewxzo…

Thomas Sutherland, the Magnanimous Hostage

In 1984, I used to visit Tom Sutherland and his wife, Jean, after running on the track at the American University of Beirut. They had dared to…

Published: July 25, 2016 - 4:57 pm @ http://www.newyorker.com/news/news-desk/thomas-sut…

The Game is Up

My dearest brothers, sisters, & others — Today, I write to you from Philadelphia, in a cafe near City Hall, where some of the first marche…

Published: July 25, 2016 - 4:34 pm @ https://johnlaurits.com/2016/07/24/the-game-is-up-…

Where can you fish in Phoenix? 30+ lakes, ponds to fish at in the Valley

PHOENIX - Arizona is more than cacti-filled desert landscapes, sunburns, hiking trails, and cowboy hats. We do have lakes, streams, ponds and …

Published: July 25, 2016 - 4:26 pm @ http://www.abc15.com/entertainment/events/where-ca…

Family of 3 airlifted off Camelback Mountain

PHOENIX (KPHO/KTVK) - A technical rescue crew used the Phoenix Firebird helicopter to pluck a family of three off the neck area of Camelback M…

Published: July 25, 2016 - 4:25 pm @ http://www.cbs5az.com/story/32528399/family-of-3-a…

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…