Questions To Ask Yourself
Do you have life insurance with your employer? Is it portable?
Not every job offers benefits let alone life insurance. If you have life insurance through your employer is it portable if leaving to find another job or in the case of retirement? Last thing you would want to is to have to pay a higher premium cost later in life because you didn't know what kind of coverage you had.
Do you know the difference between term and whole life insurance?
Often times than not I speak to people who have term life insurance without knowing much about it other than it had a lower premium. They are not thinking about years later when the term ends and they have to get another policy. What kind of life insurance do you have and do you have enough?
Why do I need to buy insurance?
Just about everything has a cost in life. If you don’t have some type of plan or protection in place that cost will be all upon you to pay. Whether it is for burial, to have surgery, or to get a root canal, it’s an easier process to go through knowing you have coverage for that need.
Does your health insurance have a high deductible?
The deductible is what you pay before you’re insurance pays a dime. With most insurance coverage you either have a high premium with a low deductible or you have a low premium with a high deductible. In most cases it’s the latter because most people don’t want to pay a higher premium.