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

Brexit Sends Tourists Flocking to London to ‘Buy, Buy, Buy’

By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrod…

Published: June 28, 2016 - 10:26 pm @ http://www.bloomberg.com/news/articles/2016-06-28/…

Dry Heat Check Podcast Ep. 1: Suns Draft, 80s Movies and More

It is the first ever edition of the Dry Heat Check with Jared Cohen and Greg Esposito or also known as the Devin Booker episode because Booker…

Published: June 28, 2016 - 9:55 pm @ http://www.sports360az.com/2016/06/dry-heat-check-…

Free A/C Into Saturday

September Breeze - Promising Holiday Outlook "There's no such thing as bad weather, just soft people" said Bill Bowerman. True, Bill wasn't ar…

Published: June 28, 2016 - 9:55 pm @ http://www.startribune.com/free-a-c-into-saturday-…

It's Not a Comeback, Lots of Updates, and a Hard Lesson Learned

What happens when The Beginning Farmer disappears for months on end? Well, actually lots things happen! Just recently I've been to Arizona to …

Published: June 28, 2016 - 9:07 pm @ http://thebeginningfarmer.blogspot.com/2016/06/tbf…

Two TV Reporters Charged With Child Abuse After 4-Month-Old Daughter Tests Positive for Cocaine in Tucson

Two Arizona television personalities face multiple charges after their baby became ill and eventually tested positive for cocaine, according t…

Published: June 28, 2016 - 8:57 pm @ http://ktla.com/2016/06/28/baby-of-arizona-tv-repo…

You can now major in ‘Moneyball’

First it was a strategy. Then a book. Then a movie. Now “Moneyball,” Michael Lewis’ tale of how the payroll-challenged Oakland A’s used data t…

Published: June 28, 2016 - 8:24 pm @ http://nypost.com/2016/06/28/you-can-now-major-in-…

Buddy Ryan has inspired two things: love and hate

Baseball Oh, Brother, What a Team The barnstorming Fredrickson boys were a baseball sensation of the 1920s Beating the Bushes Duke-bound Alask…

Published: June 28, 2016 - 7:54 pm @ http://www.si.com/vault/1994/07/11/131606/buddy-du…

Brush fire closes I-17 north of Phoenix, part of nearby town evacuated

PHOENIX — A brush fire forced the closure of Interstate 17 north of Phoenix and the evacuation of part of a small town on Tuesday, the Yavapai…

Published: June 28, 2016 - 7:36 pm @ http://ktar.com/story/1146757/brush-fire-closes-i-…

animago AWARD Extends Submission Deadline to July 19

MUNICH, GERMANY -- The submission deadline for this year’s animago Award has been extended. Creatives from all over the world now have until J…

Published: June 28, 2016 - 7:23 pm @ http://www.awn.com/news/animago-award-extends-subm…

Phoenix Suns accelerate rebuilding process with 2016 NBA Draft

PHOENIX - Marquese Chriss wanted to play in Phoenix but figured his chance had passed when the Suns used the No. 4 overall pick of the NBA dra…

Published: June 28, 2016 - 7:24 pm @ http://www.abc15.com/sports/sports-blogs-local/pho…

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…